What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – TLG, LKY, CKA, TKM, TER, IDA, MIN
What’s Not – MDR
What’s Hot
TLG – Talga Group Limited today closed up 43% to finish at 58c on $7.5m stock traded. The reason they were up today was because they announced a critical environmental permit was successfully secured for its Nunasvaara South graphite mine within its Vittangi Anode Project located in Sweden.
The finalisation of the Environmental and Natura 2000 permit process follows several key milestones for the Vittangi Anode Project.
These include the award of £70m grant funding from the EU Innovation Fund and approval of the Nunasvaara South graphite mine exploitation concession.
LKY – Locksley Resources Limited today closed up 22% to finish at 2.8c on $2.2m stock traded. The reason they were up today was because they announced exploration results from its Mojave Project located in California, US.
Rock chips collected from the Desert Antimony Mine within Mojave returned assays of up to 46% antimony & 1,022g/t silver.
The Desert Antimony Mine is represented by historic underground mine workings targeting quartz-stibnite veins, historic production ranges from 100 to 1,000 tons with grades ranging from 15 to 20% Sb.
CKA – Cokal Limited today closed up 19% to finish at 8.3c on $169k stock traded. The reason they were up today was because they announced US$1.45m had been received for pre-sale of blending coal to Petrindo.
Petrindo International is the owner of a thermal coal mining concession in Murung Raya Regency and its resources produce 27,3 million tons and its reserves produce 16,9 million tons
In addition, Cokal has received US$1.56m as a contribution towards infrastructure enhancements for the benefit of both companies’ coal mines in this area.
TER – TerraCom Limited today closed up 18% to finish at 20c on $1.3m stock traded. The reason they were up today was because they released its quarterly report which highlighted a 11% increase in run of mine (ROM) coal production from its Blair Athol Project located in QLD.
Thermal coal pricing during the September quarter was relatively stable with TER achieving an average price of US$140.34 for the period.
Pricing for the December quarter is expected to be supported by strong restocking demand from the Asia-Pacific region, with upside weather risk being a key demand driver as winter weather conditions in our primary markets develop.
TKM – Trek Metals Limited today closed up 17% to finish at 3.4c on $169k stock traded. The reason they were up today was because they announced assay results from its Christmas Creek Project located in WA.
Drilling at the Martin Prospect returned assay results of up to 10m @ 12.66g/t Au from 59m & 10m @ 7.34g/t Au from 94m.
At least three zones of significant mineralisation have now been intersected at Martin in both Trek and previous Newmont drilling.
MIN – Mineral Resources Limited today closed up 9.69% to finish at $39.40c on $210m stock traded. The reason they were up today was because they announced the execution of a sales agreement with Hancock Prospecting to sell 100% of its exploration permits (EP) 368 and 426 in the Perth Basin for $1.13 billion in cash.
MIN has also entered into two joint venture agreements with Hancock over its remaining onshore Perth Basin and Carnarvon Basin exploration acreage.
If a commercial discovery is made and a joint decision to develop is agreed, Hancock has agreed to fund 100% of post-FID development costs for the exploration JV assets.
What’s Not
MDR – Medadvisor Limited today closed down 32% to finish at 23.5c on $5.4m stock traded. The reason they were down today was because they released its quarterly report which revealed a 2.5% fall in gross profit to $15.3m on the previous corresponding period (pcp).
1Q FY25 operating revenue was up 1.7% on pcp to $5.9m which was lower than forecasted due to reallocation of marketing expenses and a refund associated with incorrect billing on one program in 4Q FY24.
The allocation of cloud, platform-related costs in the quarter affected the gross margin by over 2.5% in addition to a 2% reduction associated with program start-up issues with new awareness programs.
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).