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%

EVR, RHK, ASO, DSE, AQD, TRI & TM1

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

What’s Hot – EVR, RHK, ASO, DSE, AQD, TRI & TM1
What’s Not – LOT

What’s Hot
EVR – EV Resources Limited today closed up 60% to finish at 0.4c on $170k stock traded. The reason they were up today was because they announced the acquisition of a 70% interest in a joint venture over the Los Lirios Antimony Mine located in Mexico.

Los Lirios consists of 4 licences covering 1,652 hectares with three open pit and several underground mine workings along a 7km trend.

Two grab sample assays collected back in 2018 recorded antimony assays of 62% Sb & 62.99% Sb.

RHK – Red Hawk Mining Limited today closed up 45% to finish at $1.185 on $1.3m stock traded. The reason they were up today was because they announced a bid implementation deed (BID) was entered with Fortescue Mining (FMG.asx) to be acquired for up to $1.20 in cash.

FMG offered to acquire RHK via an off-market takeover for $1.05, although the consideration would be increased to $1.20 if they obtained 75% of RHK within 7 days on market.

Considering there was only $1.3m traded today, I’d say there is still a fair bit of buying left to do.

ASO – Aston Minerals Limited today closed up 33% to finish at 1.2c on $520k stock traded. The reason they were up today was because they announced a binding scheme implementation deed (SID) was entered with Torque Metals (TOR.asx) for an all-scrip merger.

Under the scheme, Aston shareholders will receive 1 TOR share for every 5.2 ASO shares held which valued the transaction at 1c for ASO holders.

I can’t really explain why it was bought up to 1.6c today, especially given that Torque’s share price didn’t move as much.

DSE – Dropsuite Limited today closed up 30% to finish at $5.74 on $35m stock traded. The reason they were up today was because they announced a scheme implementation deed (SID) was entered with NinjaOne to be acquired for $5.90 in cash.

NinjaOne automates the hardest parts of IT, delivering visibility, security, and control over all endpoints for more than 20,000 customers.

The DSE Board unanimously recommends that shareholders vote in favour of the 34.1% premium to the last closing price of $4.40.

AQD – Ausquest Limited today closed up yet another 26% to finish at 4.3c on $4.3m stock traded. There was no news out today but last Thursday they announced assay results from its Cangallo Porphyry Copper Project located in southern Peru – which hopefully you read about here last Thursday.

The maiden drill program has returned multiple wide intercepts of significant copper and gold mineralisation with assays of up to 348m @ 0.26% Cu, 0.06 ppm Au from 6m & 188m @ 0.28%Cu, 0.07ppm Au from 214m.

Assay results for the six outstanding drill-holes are expected by early February with broad zones of continuous visible copper mineralisation evident.

TRI – TrivarX Limited today closed up 18% to finish at 2c on $130k stock traded. The reason they were up today was because they announced an update on its pre-submission meeting with the FDA regarding its pivotal study design and clearance route for MEB-001

MEB-001 is an innovative, AI-backed algorithm that assists with screening of mental health conditions in sleep study patients.

The new algorithm can accurately conduct sleep staging and screen for cMDE in subjects through a single channel electrocardiogram (ECG), instead of using sleep clinics with multiple sensors.

TM1 – Terra Metals Limited today closed up 14% to finish at 3.3c on $160k stock traded. The reason they were up today was because they announced assay results from its Dante Reefs Project located in WA.

Drilling has confirmed extensive shallow high-grade mineralisation over 2.5km of strike at Reef 1 North with assays returning up to 9m @ 18.6% TiO2, 0.58g/t PGE3, 0.16% Cu & 0.70% V2O5 from surface.

While titanium has seen increasing market interest, these results highlight the broader value of the project, with multiple metals providing potential revenue streams and increasing its commercial appeal.

What’s Not
LOT – Lotus Resources Limited today closed down 18% to finish at 21c on $11m stock traded. The reason they were down today was because they announced the signing of two equipment finance term sheets for up to US$18.5m with two leading Southern African banks.

Lotus had also signed a term sheet for a US$20m working capital facility with Standard Bank, for a total of US$38.5m.

The funds will support the restart and ramp up of its Kayelekera uranium project in Malawi through to positive cashflow.

Uranium stocks have been hit across the whole ASX, with players including Bannerman Energy (BMN.asx) & Deep Yellow (DYl.asx) down 20% & 15% respectively.

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).