What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – ETM, SPN, RDN, AUZ, WCN, LYN & ARV
What’s Not – AVH
What’s Hot
ETM – Energy Transition Metals Limited today closed up 52% to finish at 7.9c on $3.1m stock traded. There was no news out today but last week they received a speeding ticket after increasing from 3.4c to 5.4c on no news.
ETM responded that they were unaware of any unknown information, however noted that there has been significant global media coverage that Donald Trump stated that owning and controlling Greenland is an “absolute necessity” for the US.
ETM’s flagship Kvanefjeld Rare Earths Project is located in Greenland and is one of the largest and most strategic undeveloped rare earths deposits globally.
SPN – Sparc Technologies Limited today closed up 51% to finish at 31c on $440k stock traded. There was no news out today but yesterday they announced they proceeded to stage 2 of the Sparc Hydrogen joint venture.
The joint venture is with the University of Adelaide and Fortescue Limited (FMG.asx $53B market cap).
Sparc Hydrogen offers an innovative next generation green hydrogen production method that could significantly lower production costs and infrastructure requirements using a process known as photocatalytic water splitting (PWS).
RDN – Raiden Resources Limited today closed up 43% to finish at 1.5c on $790k stock traded. There was no news out today but last month they announced an expansion of its drill program at the Andover South Project located in WA.
RDN initially planned to drill 5,000m over target area 1 & 2, within 8 weeks Raiden has expanded the drilling program to include Target area 7 and increase the drilling up to 15,000m.
The results from assay analysis were expected within 4 weeks’ time, which would be any day now (considering announcement was released 6th of December).
AUZ – Australian Mines Limited today closed up 38% to finish at 1.1c on $600k stock traded. The reason they were up today was because they announced an updated mineral resources estimate (MRE) for its Flemington Scandium Project located in NSW.
Flemington’s MRE now stands at 6.3Mt @ 446ppm scandium using a 300ppm cut-off grade (MRE was previously 3.7Mt @ 458ppm).
The MRE is 98% in the measured and indicated class, 90% of the MRE is also located within 50m of the surface.
WCN – White Cliff Minerals Limited today closed up 18% to finish at 2c on $150k stock traded. There was no news out today but back in November they announced the acquisition of Victoria Copper for a total consideration of C$700k.
Victoria Copper holds an exploration licence that covers the historical Danvers copper deposit and lies within the broader Rae Copper region of Nunavut, Canada.
The licence currently contains a non JORC compliant historic mineral resource estimate of 4.16Mt @ 2.96% Cu (2% cut-off Cu).
LYN – Lycaon Resources Limited today closed up 14% to finish at 16.5c on $170k stock traded. There was no news out today but last week they announced Tony Rovira had joined the board as a non-executive director.
Tony was most recently the MD of Azure Minerals (AZS.asx) where he oversaw the discovery of the world class Andover Lithium Deposit in the Pilbara in joint venture with Mr Mark Creasy.
Azure was ultimately culminated in the $1.7 billion cash takeover of the company by Hancock Prospecting & Sociedad Química y Minera de Chile S.A. (SQM).
ARV – Artemis Resources Limited today closed up 13% to finish at 0.9c on $110k stock traded. The reason they were up today was because they announced the appointment of Julian Hanna as MD.
Mr. Hanna brings decades of experience, having led successful exploration and mining companies such as Western Areas and MOD Resources.
Last month. ARV completed a placement to raise $4m @ 0.7c through the boys and girls at CPS Capital & Zeus Capital who were kind enough to offer us a few.
What’s Not
AVH – Avita Medical Limited today closed down 19% to finish at $3.51 on $8.4m stock traded. The reason they were down today was because they announced an update to its fourth quarter and full-year 2024 commercial revenue guidance.
AVH now expects commercial revenue to be approximately $18.4m in comparison to a previous guidance range of $22.3m to $24.3m.
The revision in fourth-quarter guidance is attributable to a combination of factors, with slower than expected purchasing activity being the primary driver.
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).