What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – OZM, 1TT, EQR, CVB, NUZ, VTX, WNX, EUR & PDI
What’s Not – MGU
What’s Hot
OZM – OzAurum Limited today closed up 62% to finish at 10.5c on $3.7m stock traded. The reason they were up today was because they announced an update on its new gold discovery at the Mulgabbie North Gold Project located in WA.
Back on Monday, OZM announced drilling had confirmed multiple shallow high-grade intercepts along the Relief Shear with assays returning up to 20m @ 3.57 g/t Au from surface & 10m @ 6.59 g/t Au from 12m.
Following the one metre resampling at the Cross Fault Area, some initial observations from AC drill chips with higher gold grades found sandstone to be the dominant host and extensive quartz veining up to 50%.
1TT – Thrive Tribe Technologies Limited today closed up 50% to finish at 0.3c on $200k stock traded. There was no news out today but last week they released its quarterly report which highlighted the appointment of Jade Spooner as CEO.
Jade’s extensive experience in scaling digital businesses particularly in the health and wellness sector positions 1TT to uncover fresh opportunities and refine their strategic direction.
I am yet to meet Jade but from what I have read and heard she’s a very impressive young lady who may well be the one to help turn these guys share price around – when you are in town Jade – lunch can be on me.
EQR – EQ Resources Limited today closed up 50% to finish at 4.2c on $1.3m stock traded. There was no news out today but last week they released its quarterly report which highlighted record quarterly tungsten production of 33,249 mtu (metric tonne unit) in concentrate produced.
Q2 FY25 proved to be an excellent quarter for the Saloro operation who delivered on operational excellence and recent improvement initiatives to produce positive operating cash flows.
Group cash receipts from customers were $18.9m in the quarter with Saloro recording positive operating cash flows of $1.5m.
CVB – CurveBeam AI Limited today closed up 30% to finish at 15c on $500k stock traded. There was no news out today but last week they announced a commercial agreement was signed with Stryker Australia.
Stryker is one of the world’s leading medical technology companies, alongside their customers around the world, Stryker impacts more than 150 million patients annually.
Under the agreement, Stryker will provide direct education of surgeons and promotion of CurveBeam AI’s HiRise for use in lower extremity orthopaedic applications.
NUZ – Neurizon Therapeutics Limited today closed up 16% to finish at 14.5c on $160k stock traded. The reason they were up today was because they announced a US Patent was granted for its lead amyotrophic lateral sclerosis/motor neurone disease (ALS/MND) drug candidate, NUZ-001.
The granted patent pertains to a Neurizon-owned IP covering the ‘method of use’ of NUZ-001 in effective doses to treat mTOR pathway-related diseases, including ALS/MND, along with multiple forms of other neurodegenerative diseases.
The patent protection runway for NUZ-001 and structurally related compounds for neurodegenerative diseases and cancer in the US now extends to 2039.
VTX – Vertex Minerals Limited today closed up 15% to finish at 35.5c on $630k stock traded. There was no news out today but on Monday they announced an ore sorter/pre concentrator was being commissioned at the Hill End gravity gold plant within its Reward Gold Mine located in NSW.
TOMRA’s LASER sorting technology separates gold bearing quartz ore from waste before it enters the processing plant.
The technology works exceptionally well at the Reward Gold Mine with a 79% mass reduction & 337.20% increase in grade in the 8mm to 50mm range.
WNX – Wellnex Life Limited today closed up 14% to finish at 73c on $120k stock traded. There was no news out today but yesterday they announced market authorisation was obtained with the TGA for its Liquid Paracetamol plus Caffeine Soft Gel.
MA is the approval given to supply a therapeutic good in Australia and in most cases involves entry on the Australian Register of Therapeutic Goods (ARTG).
The approval of the new MA will further drive additional revenue opportunities for WNX that builds on its existing MAs being utilised by domestic and international companies like Chemist Warehouse and Haleon.
EUR – European Lithium Limited today closed up 12% to finish at 6.4c on $130k stock traded. There was no news out today but last week they released its quarterly report which highlighted the acquisition of 100% of the rights, title and interest of the Leinster Lithium Project in Ireland.
The Leinster Lithium Project is situated south of Dublin in the Leinster Granite Massif within the same key tectonic zone and along strike to the Blackstairs Lithium’s (Ganfeng / ILC joint venture) Avalonia Project.
European Lithium also holds 66.4m shares (74.30%) in Critical Metals Corp (CRML) (listed on NASDAQ) which based on the last closing price of US$7.85 is valued at US$560m (on paper).
PDI – Predictive Discovery Limited today closed up 10% to finish at 33c on $4.6m stock traded. There was no news out today but yesterday they announced a strategic private placement to raise $69.2m @ 26.5c.
The placement was subscribed by both the Lunding Family with a $45.1m investment (6.5% interest in PDI) along with a $24.1m investment from Zijin (3.5% interest).
The Lundin Group comprises separate, individually managed public companies in which the Lundin family is majority or major shareholder through its family trust with a combined market cap of C$23.7b.
What’s Not
MGU – Magnum Mining and Exploration Limited today closed down 40% to finish at 0.6c on $110k stock traded. The reason they were down today was because they announced a non-renounceable entitlement offer to raise $1.94m @ 0.6c through Indian Ocean Securities.
The funds raised will be used to advance exploration and development of the Buena Vista and Palmares Projects and for general working capital purposes.
MGU is currently undertaking due diligence for the acquisition of the Palmares project which holds two REE projects located in Brazil.
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).