What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – PTR, RHT, VTM, VKA, BB1, AWJ, SRZ, ROG & C29
What’s Hot
PTR – Petratherm Limited today closed up 140% to finish at 12c on $2.9m stock traded. The reason they were up today was because they announced results from an initial trial heavy mineral sand (HMS) separation test using samples collected from historic drill holes stored at the South Australian Core Library (CAR series drill holes).
The composite samples were collected from widely spaced contiguous drill holes along a 2.5-kilometre-long traverse on the eastern side of the Rosewood HMS Prospect area, located within the company’s Muckanippie Project in the northern Gawler Craton, South Australia.
The Muckanippie Titanium Project contains both 100% owned Petratherm tenure and the JV tenement EL 6715, owned by Narryer Metals Limited (NYM.asx).
RHT – Resonance Health Limited today closed up 55% to finish at 5.9c on $320k stock traded. The reason they were up today was because it’s announced it has been contracted by Sun Pharmaceutical Industries Limited, an international, publicly listed pharmaceutical company with global operations to be the local Australian sponsor.
They will provide clinical research organisation (CRO) services, trial site services, and imaging analysis services (collectively, Services), for their clinical trial in Australia of a new drug compound (Clinical Trial).
The newly executed clinical trial agreement (Agreement) is worth an estimated AUD $13.775 million in revenue to the Resonance group over the next ~24 months, with the first payment of AUD $2.066 million due within 30 days of Agreement execution.
VTM – Victory Metals Limited today closed up 28% to finish at 39.5c on $141k stock traded. There was no news out today and nor has there been since earlier this month when they completed its air core drilling program which increased the North Stanmore project to over 13.5km’s of strike.
As global demand for heavy rare earths increases, Victory (Brendan the boss) and avid reader is poised to deliver on his strategy to quickly become one of the few potential global suppliers of ethically sourced clay hosted heavy rare earths.
He’s a bloody smart guy, wish I bought a few when I first met him & plenty more news flow to come by the sound of it & we will be watching mate.
VKA – Viking Mines Limited today closed up 28% to finish at 1.4c on $100k of stock traded. The reason they were up today was becuase they announced that drilling has commenced across high-priority gold targets at the Company’s First Hit Gold Project located in the Eastern Goldfields region of Western Australia.
Part of the Company’s strategy is to unlock the potential of its high-grade gold assets, an initial drilling programme is now underway and will consist of ~5,000m of Reverse Circulation (RC) drilling.
The initial phase of drilling forms part of the recently expanded plans for up to 20,000m of drilling at the First Hit Gold Project along the highly prolific Zuleika Shear and immediately along strike to Ora Banda Minings >1.3Moz Riverina-Mulline Camp.
BB1 – BlinkLab Limited today clsed up 19% to finish at 31c on $xx stock traded. The reason they were up today was because they announced results from the latest study in autism confirming high-accuracy in detecting autism in children ahead of upcoming FDA registrational study.
BlinkLab, a company founded by neuroscientists at Princeton University, over the past several years has fully developed a smartphone based diagnostic platform for autism, ADHD, schizophrenia, and other neuropsychiatric conditions.
BlinkLab’s most advanced product is an autism diagnostic test that leverages the power of smartphones, AI and machine learning to deliver screening tests specifically designed for children as young as 18 months old.
AWJ – Auric Mining Limited today closed up 17% to finish at 30c on $380k stlock traded. There was no news out today but on Friday last week they announced that results have been received for an RC drill program recently completed within the Spargoville Project, at the Anomaly 37 and Fugitive Prospects.
The holes targeted gold mineralisation beneath prominent auger soil anomalies and supergene (ie, weathering enriched) gold concentrations defined by aircore and RAB drilling.
A total of 17 RC holes were drilled for 2497m; 5 holes in the Anomaly 37 Prospect and 12 holes in the Fugitive Prospect.
SRZ – Stellar Resources Limited today closed up 16% to finish at 1.8c on $200k of stock traded. The reason they were up today was because they announced first drilling results from the ongoing drill program at its Heemskirk Tin Project in Western Tasmania.
The program comprises of a 24-hole (~9,500m) campaign focused on infill and extensional drilling. This release reports assay results from two holes drilled at Queen Hill and Severn.
To date, Stellar has completed 8 holes for a total of 3600 metres, so 1/3 of the way done drilling (thanks scoop).
The Company has three rigs operating at present and will report further assays as they come to hand, so plenty more news to come for Tubby Taylor and the team (he’s the boss, a long-time reader, great bloke, can surf & fish too).
ROG – Red Sky Energy Limited today closed up 13% to finish at 0.9c on $600k stock traded. There was no news today but on Friday 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.
C29 – C29 Metals Limited today closed up 12% to finish at 10.5c on $935k stock traded. There was no news out today and nor has there been since last week when they announced geological work had commenced in Kazakhstan & they were granted a few new tenements too.
Their project in Southern Kazakhstan is approximately 15 km southwest of the Bota-Burum mine, one of the largest uranium deposits mined in the former Soviet Union.
Production of Uranium at the Bota Burum mine next to the village of Aksuyek commenced in 1956 and continued until 1991.
Not a bad postcode to be in & I look forward to catching up with the boss Shannon next week when he’s in town with my broking mate DJ Rack.
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.
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