What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – OSL, GDM, BB1, MM1, MM8, WA1 & WTM
What’s Not – XF1 & BM8
What’s Hot
OSL – OncoSil Medical Limited today closed up 40% to finish at 0.7c on $140k stock traded. The reason they were up today was because they announced the German Institute for the Hospital Remuneration System (InEK) has authorised 120 German hospitals to negotiate funding for the OncoSil device classification under the innovation funding (NUB) program.
The Innovation Funding (NUB) program is a funding mechanism in Germany that gives hospitals more money to adopt new methods and procedures.
This represents a significant increase of 43% compared to 2024 (84 hospitals), underscoring the demand in Germany and growing recognition of the OncoSil device within the German healthcare system.
GDM – Great Divide Mining Limited today closed up 20% to finish at 45c on $69k stock traded. There was no news out today but last week they released its quarterly which highlighted a binding farm-in agreement entered with Adelong Gold (ADG.asx) for up to a 51% interest in the Adelong Gold Project located in NSW.
The Adelong Gold Project has a storied history of gold production with over 800,000 ounces of gold extracted from the area to date.
The project currently holds a mining lease & exploration lease and contains a JORC resource of 188Koz with strong potential for further expansion through exploration.
BB1 – BlinkLab Limited today closed up 19% to finish at 40c on $1.3m stock traded. There was no news out today but last week they released its quarterly report which highlighted the initiation of its FDA registrational study for its BlinkLab Dx 1 diagnostic app.
BB1 received positive feedback from a pre-submission meeting with the FDA as well as positive final data from the pivotal preliminary study.
BlinkLab, a company founded by neuroscientists at Princeton University, over the past several years has fully developed a smartphone based diagnostic platform for autism, ADHD, and other neuropsychiatric conditions.
MM1 – Midas Minerals Limited today closed up 19% to finish at 10c on $130k stock traded. There was no news out today but last week they released its quarterly report which highlighted the identification of anomalous gold and copper mineralisation at the Killarney gold-copper prospect within its Challa Project located in WA.
Midas has undertaken additional mapping and sampling on several prospects within the Challa Project to define and refine drill targets.
MM1 also made mention that the company is actively undertaking technical and legal due diligence on project opportunities and is seeking advanced projects with demonstrated resource potential.
MM8 – Medallion Metals Limited today closed up another 13% to finish at 13c on $200k stock traded. There was no news out today but yesterday they announced a placement to raise $6.5m @ 10c through the boys and girls at Canaccord.
Existing shareholder and established gold producer Alkane Resources Limited (ALK.asx $354m market cap) supported the placement and will hold a 6.3% interest in the company.
Specialist resources investor Lowell Resources Fund (LRT.asx) continued its support through its participation in the placement while Lion Selection Group (LSX.asx) was also welcomed as a new shareholder.
WA1 – WA1 Resources Limited today closed up 13% to finish at $14.63 on $6.9m stock traded. The reason they were up today was because they announced metallurgical results from the Luni target within its West Arunta Project in WA.
The first conversion test work completed on refined concentrate from a ferroniobium sample at Luni returned up to 65.7% Nb & 24.3% Fe.
Typical specifications for commercial ferroniobium ranges between 63.5%-67.5% niobium, with the majority of the remaining material being iron (28-32% Fe).
WTM – Waratah Minerals Limited today closed up 10% to finish at 16c on $100k stock traded. There was no news out today but roughly a fortnight ago they announced drilling results from its Spur Gold-Copper Project located in NSW.
Drilling was designed to test zones of epithermal gold mineralisation and investigate a potential link with a gold-copper porphyry system at depth or down plunge.
Step-out drilling continued to extend gold zones along the >1km Dalcoath-Spur-Essex trend with assays returning up to 251m @ 0.54 g/t Au from surface including 83m @ 0.84 g/t Au from 168m.
What’s Not
XF1 – Xref Limited today closed down 23% to finish at 12c on $1.6m stock traded. The reason they were down today was because they announced scheme meeting results in regard to being acquired by SEEK Limited (SEK.asx) for 21.8c in cash.
Despite a unanimous recommendation from Xref’s Board that the scheme is fair and reasonable, 67.6% of votes cast were cast in favour of the scheme, falling short of the required threshold of 75%.
After detailed consideration and having regard to the declaration of SEEK’s offer as being best and final in the absence of a competing proposal, both parties have agreed to terminate the scheme implementation deed.
BM8 – Battery Age Minerals Limited today closed down 20% to finish at 7.8c on $270k stock traded. The reason they were down today was because they announced a placement to raise $1.5m @ 8.2c through Euroz Hartleys.
BM8’s directors and management have subscribed for a total of $210k under the placement, which will be subject to shareholder approval.
Always good to see management backing themselves, so well done to Nigel and the crew that stumped up.
The funds raised will primarily be used towards advancing its newly secured El Aguila Project, including exploration activities & project development.
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).