What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – MNC, EQN, PVT, BIS, BRK, LTP, VR1 & ZEO
What’s Not – TWF
What’s Hot
MNC – Merino & Co Limited today closed up 54% to finish at $1.05 on $850k stock traded. There was no news out today but yesterday they responded to a speeding ticket after increasing from 23.5c last Wednesday to highs of $1.50 on Tuesday.
MNC responded that they were unaware of any unknown information, however speculated that the increase in price is as a result of positive press exposure following its successful listing on ASX.
MNC listed on the ASX last week after raising $6.35m @ 20c through the boys and girls at Lodge Partners.
EQN – Equinox Resources Limited today closed up 32% to finish at 16.5c on $1.3m stock traded. The reason they were up today was because they announced exploration results from its Alturas Project located in British Columbia, Canada.
The maiden exploration program returned rock chip assays of up to 69.98% Sb with some of the world’s highest reported natural stibnite grades.
Stibnite is a typical hydrothermal deposit associated with other sulphide minerals and is the principal source of antimony.
PVT – Pivotal Metals Limited today closed up 22% to finish at 1.1c on $300k stock traded. There was no news out today but last week they released its quarterly which highlighted a recently completed drill program at its Horden Lake Project located in Quebec, Canada.
Wide zones and high grades were intersected in the northern resource area with assays returning up to 39.7m @ 1.04% CuEq from 75.5m including 12.9m @ 2.25% CuEq from 98.1m.
Step-out drilling has also confirmed mineralisation extending 80m down plunge and 100m along strike with assays returning 29m @ 0.70% CuEq from 181m.
BIS – Bisalloy Steel Group Limited today closed up 21% to finish at $3.71 on $2.1m stock traded. The reason they were up today was because they declared a fully franked dividend of 13c.
BIS had also released a chairman’s address which highlighted a 19% increase in net profit after tax on the previous corresponding period (pcp).
Bisalloy’s strong financial performance has been underpinned by strong underlying demand for its wear plate on the back of continued solid iron ore and gold demand in international markets.
BRK – Brookside Energy Limited today closed up 14% to finish at 51.5c on $200k stock traded. There was no news out today but on Wednesday they announced gross production from the new SWISH wells increased by more than 178% from September to 5,000 barrels of oil equivalent per day (BOEPD).
The combined gross spot rate for the four Flames Maroons Development Plan (FMDP) wells achieved 4,300 BOEPD (~77% liquids).
The FMDP is a multi-well drilling program targeting the highly productive Sycamore Lime and Woodford Shale formations in the SCOOP area of the southern Anadarko Basin.
LTP – LTR Pharma Limited today closed up 13% to finish at $1.48 on $2.4m stock traded. There was no news out today but on Wednesday the MSCI World Micro Cap Index confirmed that LTP would be added to the index on the 25th of November.
The index captures micro-cap representation across 23 developed market countries and covers approximately 1% of the free float-adjusted market capitalization in each country.
Last week, LTP released its quarterly report which highlighted that the first patients were prescribed SPONTAN under the TGA’s special access scheme (SAS) and authorised prescriber scheme (APS).
VR1 – Vection Technologies Limited today closed up 11% to finish at 2.1c on $420k stock traded. There was no news out today but earlier this month they announced a partnership with Dell Technologies to launch its AI-based Algho platform across the EMEA region (Europe, Middle East & Africa).
This collaboration strengthens its position in AI and Spatial Computing with the AI platform now available to Dell’s salesforce and partners, VR1 has secured its first sale to Dell valued at circa $500k.
By integrating its generative AI layer with its existing technology, Vection is delivering a powerful AI platform designed to meet the operational needs of large enterprises
ZEO – Zeotech Limited today closed up 11% to finish at 4.2c on $110k stock traded. There was no news out today but last week they announced the execution of a non-binding memorandum of understanding (MOU) with Holcim.
Holcim Australia is a leading supplier of aggregates, concrete, and concrete pipe and products and one of the largest integrated suppliers and manufacturers of building materials and solutions in Australia & NZ.
The MOU establishes the framework to collaborate and advance high reactivity metakaolin (HRM) manufacturing and use in concrete in Australia along with negotiating the terms of a potential offtake agreement.
NMR – Native Mineral Resources Limited today closed up 10% to finish at 3.5c on $260k stock traded. The reason they were up today was because they announced the acquisition of a comprehensive gold package located in QLD.
The acquisition includes the Far Fanning, Black Jack, Great Britian & Granite Castle Gold Projects along with a processing plant and associated infrastructure.
Far Fanning consists of 5 mining leases and contains an inferred resource to 2.3Mt @ 1.84 g/t Au for 138Koz gold.
Open pit mining at Far Fanning resulted in 450Kt being extracted from seven oxide pits along a 1,700m strike length, 11,000oz Au was produced at an average grade of 0.9g/t Au.
What’s Not
TWF – The Woke Folk Limited today closed down with their wings clipped by the great Donald Trump.
Rats Rant – IMPORTANT INFORMATION
The idea of this report is to be informative and hopefully point out some stocks that you wouldn’t ordinarily have seen during the day, maybe even have a laugh too.This report IS NOT personal advice. Sanlam Private Wealth Pty Ltd DOES NOT PROVIDE personal advice, Sanlam Private Wealth provides General Financial Product Advice.All advice included in The Rat’s Rant is General Advice. Please refer to the General Advice Warning. The views expressed in this report are my views and may not necessarily reflect the same views as Sanlam Private Wealth.It is very important to refer to the ASX website for information on any companies / stock that are contained in this report and as always please consult your financial adviser before acting.
Important Notice
Rat Consulting Pty Ltd (ABN 81 148 181 588 ) Authorised Representative (No 001281456) of Sanlam Private Wealth Ltd (ABN 18 136 960 775) holder of Australian Financial Services Licence (AFSL 337 927).