What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – 3DP, NIM, FND, CRI, E25, 3DA & VTX
What’s Not – SGR
What’s Hot
3DP – Pointerra Limited today closed up 46% to finish at 7.3c on $3.6m stock traded. The reason they were up today was because they released its quarterly report which highlighted customer receipts of $4.2m in comparison to $3.1m in Q1.
The increase in customer receipts contributed to a net cash inflow from operating activities of $1.45m for the quarter.
Growth was sustained throughout Q2 with numerous new customers being onboarded and existing customers increasing their data and license allocations.
During Q2, 3DP finalised contract negotiations for the development of a Digital Twin MVP project to help manage major hazard risks for a Tier 1 miner.
NIM – Nimy Resources Limited today closed up another 30% to finish at 12.5c on $170k stock traded. There was no news out today but back in November they announced a placement to raise $678k @ 6c through the boys and girls at Charles Street Capital who were kind enough to offer me some stock.
The funds raised will be used for ongoing exploration of Gallium, Copper and other critical metals at the Mons Belt in WA.
Not long after lunchtime they were handed a speeding ticket from the ASX after increasing from 8.7c last Thursday to an intraday high of 12.5c today.
FND – Findi Limited today closed up 25% to finish at $4.70 on $2.2m stock traded. The reason they were up today was because they announced the acquisition of BankIT Services for $30m.
BankIT is a profitable new-age, high-touch, digital financial products distributor and lead enabler for its partners that is focused on bridging the financial gap in India.
The acquisition is a significant milestone delivering immediate scale and additional infrastructure to accelerate its strategic objective of evolving into a fully-fledged payments bank.
CRI – Critica Limited today closed up 21% to finish at 1.7c on $120k stock traded. There was no news out today but last Friday they announced the receipt of $585k from a mining bond in regard to the sale of its Riley Mine Project to Mineral Resources Tasmania.
Last month, CRI announced the progress of key workstreams for the high-grade Jupiter Project, which forms part of its broader Brothers Clay-Hosted Rare Earth Project located in WA.
SRK Consulting have advised that work on the maiden mineral resource estimate (MRE) for Jupiter is advancing well, with completion and release anticipated by mid-February.
E25 – Element 25 Limited today closed up 19% to finish at 32c on $1.4m stock traded. The reason they were up today was because they announced US$166m in grant funding was awarded from the U.S. Department of Energy (DoE).
The funding will support the construction of its proposed battery-grade high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana, which will bring domestic production of a key critical battery raw material to the USA.
The grant award is in addition to the US$115m (A$185m) already committed by offtake partners General Motors & Stellantis N.V.
3DA – Amaero International Limited today closed up 17% to finish at 35c on $320k stock traded. The reason they were up today was because they released its quarterly report which highlighted receipts from customers of $920k in comparison to $31k on the previous quarter.
During the quarter, Amaero signed a 3-year supply agreement for U.S.-melt and forged titanium alloy bar with Perryman.
For the 3-year term of the contract, Perryman will be Amaero’s preferred and primary supplier of high quality, reliable, and scalable U.S.-melt and forged titanium alloy bar feedstock for its atomization of premium spherical powder.
VTX – Vertex Minerals Limited today closed up 13% to finish at 26c on $640k stock traded. The reason they were up today was because they announced the first ore has been processed from the newly installed gravity gold plant within its Reward Gold Mine located in NSW.
Plant commissioning is utilising the stockpiled gold ore located adjacent to the plant, the processed ore had visible gold evident in the concentrate.
The plant is capable of treating up to 110Kt per annum and only requires 2 operators plus a gold room technician which results in lower operating costs.
What’s Not
SGR – The Star Group Entertainment Limited today closed down 18% to finish at 11.5c on $15m stock traded. The reason they were down today was because they released its quarterly report which revealed a 15% decrease in revenue to $299m on the previous quarter.
SGR reported an EBITDA loss of $8m which is actually better than last quarter’s EBITDA loss of $18m, although it does exclude significant items which will be disclosed in the first half FY25 results.
The was a result of continued weakness in operating performance due to the ongoing challenging consumer environment, the impact of mandatory carded play and cash limits in NSW, and costs associated with ongoing remediation activities.
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).