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What’s Hot – MNC, ORD, PUA, ATC & VSR

What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso

What’s Hot – MNC, ORD, PUA, ATC & VSR
What’s Not – MEK & MIN

What’s Hot
MNC – Merino & Co Limited today closed up 93% to finish at 89.5c on $220k stock traded. There was no news out today although they did get a brief pause in trading today (presume to try slow price action down) and went up all day since then to finish on its high’s with not one seller left in the screen.

These guys listed last Tuesday, after raising $7.5m @ 20c through the boys and girls at Lodge Partners who were kind enough to offer us a few, sadly no wool for me but well done to Rich and the boys over at Lodge on a 5 day 5 bhagger.

Merino & Co is a branded lifestyle clothing and accessories company based in Perth, Western Australia.

ORD – Ordell Minerals Limited today clososed up 75% to finish at 38.5c on $4.9m stock traded. The reason they were up today was becuase they released drill results from it’s recent, shallow, wide-spaced Reverse Circulation (RC) drilling at its Barimaia Gold Project (“Barimaia”), located near Mount Magnet in the Murchison region of Western Australia.

The RC drilling program was completed in September and October 2024 as the second phase of a larger, ongoing program to systematically test at shallow depths (typically < 80m vertical) the currently defined 2.5km strike extent of gold mineralisation at Barimaia.

Drilling completed on section 585,640E returned significant high-grade gold mineralisation in 24BARC083 (29m @ 2.52g/t Au from 81m) to the end of the hole (EOH) at 110m.

PUA – Peak Minerals Limited today closed up 40% to finish at 0.7c on $269k stock traded. Another one with no news today and big volume, so dare say the Constable will be on these guys in the morning too.

Two weeks ago they announced the completion of the acquisition of an 80% interest in the highly prospective Kitongo and Lolo Uranium Projects and the Minta Rutile Project in Cameroon, West Africa.

Completion of the acquisition follows a period of due diligence which included reconnaissance field visits by new director, Mr Phillip Gallagher, and its competent person, Dr Marat Abzalov.

VSR – Voltaic Strategic Resources Limited today closed up 23% to finish at 1.6c on $145k stock traded. There was no news out today and nor has there been since they released their quarterly last week.

So your guess today would be as good if not better than mine but maybe not as good as my Melbourne Cup form I spent hours on today.

My guess is more buyers than sellers, but I dare say they too will get a speeding ticket in the morning from Constable Chapman or the ASX.

What’s Not
MEK – Meeka Metals Limited today closed down 20% to finish at 7c on $5.8m stock traded. The reason they were down today was because they have raised $35m @ 7c thorugh boys and girls at Petra Capital.

The expanded Murchison Gold Project (Murchison) is fully funded with pro forma $63 million cash, zero debt and with zero hedging in place.

The Placement removes the need for the company to enter into the planned $38 million secured gold loan and gold stream, so they are obviously bullish the gold price by (buy) taking out the hedge & good on them I say.

MIN – Mineral Resources Limited today closed down 9.63% to finish at $36.70 on $203m stock traded. The reason they were down again today was because they gave an update on the conclusions the Board has reached and the actions the Board will take in relation to governance issues involving the company’s Managing Director Chris Ellison and others.

Mr Ellison will step down from the company he founded almost 20 years ago over alleged tax evasion, which the company says damaged its reputation and confidence in his leadership.

Mineral Resources’ board has ordered Mr Ellison to pay $8.8 million in financial penalties and have decided not to pay almost $10 million in planned executive remuneration.

 

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).

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