What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – NVQ, CLE, MKR, W2V, SPZ, SVY & ROG
What’s Not – VEE
What’s Hot
NVQ – Noviqtech Limited today closed up 180% to finish at 5.6c on $4.4m stock traded. The reason they were up today was because it’s received firm commitments for a strategic placement to raise $1,050,000 to accelerate the development of its blockchain-powered solutions.
Antanas Guoga (Tony G): is renowned globally as an innovation leader and visionary investor, Tony G is the chairman and major shareholder of Solana Strategies Inc. (HODL.CN), a Canadian-based holding vehicle established to invest in technologies and cryptocurrencies.
Tony G & the crew flopped a set with this placement, it was done @ 2c with a one for one ”oppie” ex @ 8c.
CLE – Cyclone Metals Limited today closed up 58% to finish at 3c on $1m stock traded. The reason they were up today was because they announced it has signed a Memorandum of Understanding (MoU) with Vale S.A. (“Vale”) regarding the development of its Iron Bear iron ore project, located in Canada.
This MoU outlines the key terms for a strategic partnership aimed at advancing the Iron Bear project to Decision to Mine (DTM).
The terms of this MoU are non-binding with the exception on the exclusivity and confidentiality clauses. The MOU sets out the framework for a Formal Agreement, which the parties aim to finalise within 90 days.
MKR – Manuka Resources Limited today closed up 32% to finish at 4.1c on $423k stock traded. The reason they were up today was because on Thursday after market they announced that tranche B of the recent placement will not be proceeding which was at the lead manager’s discretion.
I presume they thought easier to hoover a few on up market than place more stock at much higher levels, your guess is as good as mine.
SPZ – Smart Parking Limited today closed up 25% to finish at 90c on $1.3m stock traded. The reason they were up today was because CEO Paul Gillespie (who may or may not be Cement’s brother) gave his AGM presentation to shareholders which included revenue of $54m up 21%, adjusted EBITDA (love that word) has gone to $14.7m which was also up 28%.
These guys have had a cracking run this year, it’s one of the better-looking charts you will see and maybe just maybe someone from the company could hook me up with some free parking or staff pass or something.
SVY – Staveley Minerals Limited today closed up 16% to finish at 2.9c on $33k stock traded. The reason they were up today was because they announced that diamond drilling has commenced testing the high-grade Junction copper prospect, located 2km south of the Cayley Lode deposit within its 100%-owned Stavely Copper-Gold Project in Victoria.
The new phase of diamond drilling follows on from the recent highly successful 21-hole air-core drilling program at the Junction Prospect, which returned multiple outstanding high-grade intercepts as announced on 1 October 2024.
The wet conditions of the Victorian winter are abating and the exploration season has commenced and is expected to extend through to the end of April next year.
ROG – Red Sky Energy Limited today closed up 14% to finish at 0.8c on $160k stock traded. The reason they were up today was because they announced that Santos Limited (STO), operator of the Innamincka Dome project, has mobilised the workover rig to the Yarrow 1 well site.
This re-entry is a critical milestone in the Company’s growth strategy, expected to unlock significant gas production potential and enhance the Company’s future cash flow profile.
This milestone brings Red Sky and Santos closer to completing the re-entry and re-sleeving activities at Yarrow 1, which are aimed at optimising gas flow and improving production efficiency from the well.
What’s Not
VEE – Veem Ltd today closed down 15% to finsh at $1.21c on $883k stock traded. The reason they were down today was because they released a trading update after market yesterday along with its AGM presentation.
I presume because they are based in Perth it came out after market, but it certainly wasn’t missed this morning by the market.
I really CBF’d going into the nitty and gritty of its AGM presentation to see what the actual drama was but feel free to look it up yourself over the weekend and you can let me know too.
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
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