What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – NYM, 1TT, C29, L1M, MM8 & SHG
What’s Not – PWH
What’s Hot
NYM – Narryer Metals Limited today closed up 55% to finish at 3.1c on $260k stock traded. The reason they were up today was because they announced their results from recent drilling at the Rocky Gully project in the Great Southern region of Western Australia.
All results are from surface to 30m depth, in unconsolidated ground, and near existing infrastructure.
One of the better hits showed high grades of up to 518 ppm scandium oxide (Sc2O3), and up to 1.8% (17,666 ppm) Total Rare Earth Oxide (TREO), including Magnet Rare Earth Oxide (MREO) up to 0.6% (5783 ppm).
1TT – Thrive Tribe Technologies Limited today closed up 33% to finish at 0.4c on $387k stock traded. There was no news out today and nor has there been since they got a speeding ticket Monday night after Friday’s action & then went into halt Tuesday morning to raise some $$$.
They raised $183,500 @ 0.2c and that was done by the girls at Clee Capital who are also the same mob that did the recent OVT raise.
How’s that for value add but if anyone has watched OVT trade over the last few months it’s probably worth keeping an eye on this one too.
C29 – C29 Metals Limited today closed up another 19% to finish at 12.5c on $445k 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 & the OG Rack.
L1M – Lightning Minerals Limited today closed up 17% to finish at 8.2c on $122k stock traded. There was no news out today but on Monday they released an announcement about the discovery of spodumene within a lithium bearing pegmatite at the company’s recently acquired Esperança project over in Brazil.
The discovery has been made during early-stage exploration programs which include project scale geological mapping, ground reconnaissance, and soil sampling – so by the sound of it, these things are sticking out of the ground.
These guys have got tenements within close proximity to Latin Resources (LRS.asx) who most would know were recently acquired by Pilbara Minerals (PLS.asx).
MM8 – Medallion Metals Limited today closed up 14% to finish at 9.4c on $210k stock traded. The reason they were up today was because they announced in-fill drilling results from the Gem deposit within the Kundip Mining Centre, part of the Company’s flagship Ravensthorpe Gold Project, located 550km south-east of Perth.
The Ravensthorpe project is host to a global Mineral Resource Estimate (MRE) of 1.46 Moz AuEq @ 2.5 g/t AuEq, so sure plenty on here would love a million-ounce resource in WA.
Medallion is well advanced through a 15,000 metre drill program to grow the high-grade sulphide underground resource at KMC in terms of both size and confidence.
SHG – Singular Health Group Limited today closed up 10% to finish at 10c on $900k stock traded. The reason they were up today was because they have announced a Memorandum of Understanding (MOU) with Provider Network Solutions (PNS) to collaborate on a technical proof-of-concept and commercial pilot within the PNS Network.
PNS is a Miami-based Managed Service Organisation (MSO) with operations in Florida, Texas, and Puerto Rico, managing the provision of healthcare for more than 3.7 million Member Plans.
On top of that PNS has agreed to throw in half a brick ($500k) in equity too @ 9c & they will raise a total of $3.7m at that price.
What’s Not
PWH – PWR Holdings Limited today closed down 24% to finish at $6.85c on $30m stock traded. The reason they were down today was because they released a trading update which includes expenses for PWR’s new headquarters at Stapylton1 to be in the range of $3.2m to $3.7m, below the actual NPAT of $9.8m achieved in H1 FY24 (the prior corresponding period, “pcp”).
PWR Advanced Cooling Technology is headquartered in Southeast Queensland and supplies car stuff for people all around the world.
The multi million dollar, state of the art manufacturing plant a controlled atmosphere brazing furnace, CNC machine shop, R&D and design department, large fabrication capabilities and in-house wind tunnel that allows PWR to lead the world in cooling research and development with a dedicated focus on competition heat exchangers.
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).