What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – NVU, A1G, ADO, FTL, RTR & TRE
What’s Not – TYR
What’s Hot
NVU – Nanoveu Limited today closed up 109% to finish at 4.6c on $2.6m stock traded. The reason they were up today was because they announced the acquisition of Embedded A.I. Systems (EMASS).
EMASS holds a proprietary, semiconductor system on a Chip (SoC) business and intellectual property (IP) portfolio.
Integration of EMASS’ ultra-low power SoCs into NVU’s EyeFly3D platform will provide them with a unique competitive edge to meet the growing market need for energy-efficient AI-enabled hardware and 3D capabilities across a growing range of portable devices in a wide range of industries.
A1G – African Gold Limited today closed up 102% to finish at 9.5c on $11.5m stock traded. The reason they were up today was because they announced assay results from its Didievi Gold Project located in Cote d’Ivoire, Africa.
The drilling program was designed to test possible extension of the gold lodes and to infill previous drilling on gold controlling structures of the prospect.
Drilling returned wide, high-grade intercepts of up to 65m @ 5.6 g/t Au from 177m & 28m @ 1.1 g/t Au from 77m.
The drill intercepts extend outside of the existing resource envelope which contains an inferred resource of 4.93Mt @ 2.9 g/t Au for 452koz Au.
ADO – AnteoTech Limited today closed up 30% to finish at 2.6c on $600k stock traded. The reason they were up today was because they announced a first purchase order was received from EV1 for its Ultranode battery anode technology.
EV1 is a major European EV manufacturer who is seeking a step change in silicon content for their next generation EV batteries.
Ultranode is an ultra-high silicon anode design currently containing 70% silicon, it is constructed using commercially available low-cost silicon as the active material (replacing graphite) and enabled by its technologies to offer a high performance and sustainable option for lithium-ion batteries.
FTL – Firetail Resources Limited today closed up 20% to finish at 12c on $100k stock traded. There was no news out today but yesterday they announced the acquisition of four adjoining mineral claims covering a land area of 63km2 located in Newfoundland, Canada.
The mineral claims are adjacent to their York Harbour Copper-Zinc-Silver Project which is currently in a earn-in phase.
This increases the total prospective strike length to over 25km in a contiguous land holding where a drilling program and Heli-EM survey are currently underway.
RTR – Rumble Resources Limited today closed up 16% to finish at 5.9c on $210k stock traded. The reason they were up today was because they announced an updated mineral resources estimate (MRE) for its Western Queen Gold Project located in WA.
Following the completion of a diamond drill program back in June, the Western Queen Gold MRE has been upgraded to 4.42Mt @ 2.02g/t for 286Koz.
The deposits remain open at depth, significant exploration potential also exists along strike to the north and to the south along the recently reinterpreted position of the Western Queen Shear Zone (WQSZ).
TRE – Toubani Resources Limited today closed up 15% to finish at 30c on $140k stock traded. There was no news out today but yesterday they released a change of director’s interest notice which highlighted that three of its directors contributed a collective $170k in a recent completed placement.
Back in August, Toubani announced a placement to raise $10m @ 17c through Canaccord Genuity, Wallabi Group & Euroz Hartleys.
Leading Australian fund manager Paradice had also committed in holding its 9.9% interest in the company.
What’s Not
TYR – Tyro Payments Limited today closed down 11% to finish at 80.5c on $30m stock traded. The reason they were down today was because they announced the RBA had commenced a review into retail payments regulation.
This review will examine the costs merchants face when accepting card payments and the framework for surcharging.
The RBA has stated that in an environment of heightened concern around the cost of living, card payment costs and surcharging are attracting more attention from merchants and consumers.
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).