FRS
0.026
160%
OCT
0.045
-42.3%
CRS
0.062
138.5%
NRZ
0.002
-33.3%
AVE
0.007
133.3%
CHM
0.006
-25%
LAT
0.074
111.4%
JAV
0.003
-25%
RLL
0.004
100%
HYD
0.019
-24%
SCN
0.027
80%
DUN
0.033
-23.3%
BP8
0.005
66.7%
TFL
0.01
-23.1%
EVR
0.005
66.7%
EXR
0.034
-22.7%
RGL
0.005
66.7%
GLL
0.007
-22.2%
SLM
0.105
66.7%
OZM
0.125
-21.9%
RR1
0.013
62.5%
TMG
0.036
-21.7%
RAS
0.025
56.3%
AGH
0.02
-20%
BGE
0.03
50%
CRR
0.004
-20%
CDT
0.003
50%
EM2
0.008
-20%
TMK
0.003
50%
CVL
1.06
-19.4%
BSX
0.051
45.7%
NWM
0.013
-18.8%
VIT
0.112
41.8%
AQD
0.04
-18.4%
CMO
0.024
41.2%
BUS
0.155
-18.4%
TOR
0.1
40.8%
LOT
0.195
-17%
EXT
0.018
38.5%
PUA
0.01
-16.7%

EQN, ETM, HCF, BMG & ROG

What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso

What’s Hot – EQN, ETM, HCF, BMG & ROG
What’s Not – TNC, MYR & YRL

What’s Hot
EQN – Equinox Resources Limited today closed up 35% to finish at 13.5c on $560k stock traded. The reason they were up today was because they announced assay results from its Mata da Corda Project located in Minas Gerais, Brazil.

Drilling intersected high-grade titanium dioxide (TiO₂) grades with highlights of 61.2m @ 11.89% TiO₂ & 12m @ 15.32% TiO₂.

High-grade titanium, total rare earth oxides (TREO) and niobium pentoxide (Nb₂O₅) intercepts are concentrated within 10m–15m from the surface.

ETM – Energy Transition Minerals Limited today closed up 19% to finish at 8.6c on $1.9m stock traded. The reason they were up today was because they announced the appointment of Julie Bishop & Partners as a strategic advisor.

Julie Bishop & Partners is represented by the Honourable Ms Julie Bishop, who served as Australia’s Minister for Foreign Affairs between 2013 and 2018 and as Deputy Leader of the Liberal Party for 11 years.

Julie will provide invaluable support and counsel to the Board of ETM in negotiating a win-win solution for all stakeholders and addressing the challenges faced in advancing its world-class Kvanefjeld Rare Earth Element (REE) Project in Greenland towards development.

HCF – H&G High Conviction Limited today closed up 19% to finish at 91c on $260k stock traded. The reason they were up today was because they announced the receipt of a non-binding indicative offer (NBIO) from Hancock & Gore (HNG.asx) to be acquired in scrip.

Hancock & Gore is a diversified investment company that aims to deliver superior long-term investment returns to shareholders through a portfolio of operating investments led by strong business managers and a return focused balance sheet.

The proposal is based on a valuation of HCF’s assets of $1 per share less HCF’s sale and transaction costs and any dividends declared or paid by HCF prior to completion.

BMG – BMG Resources Limited today closed up 18% to finish at 1.3c on $250k stock traded. There was no news out today but last month they announced drilling had commenced at its Abercromby Gold Project located in WA.

The diamond drilling underway will test for extensions of the mineralisation as well as aiming to convert inferred resources to the indicated category.

Abercromby currently contains a mineral resource estimate (MRE) of 518Koz @ 1.45 g/t Au which is located on a granted mining lease and in close proximity to several mills and excellent infrastructure.

ROG – Red Sky Energy Limited today closed up 17% to finish at 0.7c on $360k stock traded. There was no news out today but earlier this month they announced a 35% interest in Block 6/24 was awarded to the company.

Block 6/24 is located 12km offshore Angola in the Kwanza Basin in water depths ranging from 70m to 80m and is covered by 1,531km2 of 2D seismic & 1,465 km2 of 3D seismic.

The interest in Block 6/24 was acquired through a risk service contract as a result of direct negotiations undertaken with the Angolan National Agency for Oil, Gas and Biofuels (ANPG).

What’s Not
TNC – True North Copper Limited today closed down 85% to finish at 45c on $180k stock traded. The reason they were down today was because they announced a placement to raise $50m @ 50c through Canaccord Genuity & Morgans Financial.

The placement follows a 100 to 1 consolidation and will be used to extinguish all existing debt and carry out exploration programs at the Cloncurry Copper & Mt Oxide Projects.

At Cloncurry, several drill ready targets have been identified including near mine pit opportunities to grow resources, expand the current mine life and optimise the previous mine plan.

MYR – Myer Holdings Limited today closed down 23% to finish at 88c on $16m stock traded. The reason they were down today was because they released a trading update which revealed a 0.8% fall in total sales year to date of $1.59B in comparison to the previous corresponding period (pcp).

Myer had also reported a $15m decrease in operating gross profit to $560m on the pcp along with a $16m decrease in EBIT to $48m.

Myer’s year-to-date financial performance has been impacted by a number of factors including challenging macroeconomic conditions as well as increased costs and ramp-up complexity.

YRL – Yandal Resources Limited today closed down 22% to finish at 14.5c on $270k stock traded. The reason they were down today was because they announced final assay results from its Siona Gold Discovery located in WA.

Fourteen follow-up RC holes have been completed across Siona with some of the best assays including 26m @ 0.5g/t Au from 267m & 18m @ 0.7g/t Au from 141m.

Further RC drilling has now commenced for 2025 and will test numerous structural targets north of Siona along the New England Granite’s intrusive margin, while diamond drilling is also scheduled for this month.

 

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).