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%

WGR, D3E, ARU, OVT, BBN & TRE

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

What’s Hot – WGR, D3E, ARU, OVT, BBN & TRE
What’s Not – NVA

What’s Hot
WGR – Western Gold Resources Limited today closed up 50% to finish at 6.9c on $230k stock traded. The reason they were up today was because they announced the selection of SSH Group (SSH.asx) as the preferred mining contractor for the Gold Duke Project located in WA.

The appointment will become binding on the execution of a master services agreement (MSA) which is subject to the execution of a toll treatment or ore purchase agreement along with a final investment decision.

Further to this, SSH has proposed a capital facility under a deferred payment arrangement, designed to support WGR’s cash flow as it begins operations at Gold Duke.

D3E – D3 Energy Limited today closed up 23% to finish at 8c on $100k stock traded. The reason they were up today was because they announced an update on its production testing program at Nooitgedacht Major within the northern area of ER315, located in South Africa’s Free State Province.

The production testing program has recorded an average flow rate of 102 Mscfd (million standard cubic feet per day) for the first 7 days of the 14-day test period.

Preliminary results show helium concentrations of 5.6% and methane at 83.2%, further emphasizing the asset’s potential as a significant helium and natural gas resource.

ARU – Arufura Rare Earths Limited today closed up 17% to finish at 13.5c on $6m stock traded. The reason they were up today was because they announced the National Reconstruction Fund Corporation (NRFC) invested $200m via a convertible note.

That’s code word for the government or us taxpayers just FYI – fancy way of saying it.

The con note is convertible at a 40% premium to the reference price, which will be determined by the future equity raising required to fully fund and develop the Nolans Project.

OVT – Ovanti Limited today closed up 17% to finish at 2.1c on $2.5m stock traded. There was no news out today but last month they announced an update regarding the proposed sale of its 21% stake in I.Destinasi.Sdn.Bhd (IDSB) to IDSB.

The proposed transaction was subject to entry into formal documentation including IDSB finalising their suitable commercial financing of the transaction.

OVT previously anticipated that the sale would settle within 30-45 days of the date of the sale announcement, the value amount of the sale is ~$13.7m.

Last month, Ovanti announced a placement to raise $6m @ 2c through the boys and girls at Clee Capital, Barclay Pearce Capital Management & my firm Sanlam Private Wealth.

BBN – Baby Bunting Group Limited today closed up 14% to finish at $1.80 on $2m stock traded. The reason they were up today was because they released a FY25 1H trading update which highlighted a 260-basis point increase in gross profit margin to 39.8%.

BBN had comparable store sales growth of 2.2% while group pro forma net profit after tax (NPAT) increased by 37% to $4.8m.

The November and December trading periods were particularly strong, with well-executed campaigns resonating with their consumers.

TRE – Toubani Resources Limited today closed up 12% to finish at 14.5c on $100k stock traded. There was no news out today but back in November last year they announced the appointment of Endeavour Financial as its financial advisor for project financing of the Kobada Gold Project located in Mali.

The appointment follows the release of a definitive feasibility study (DFS) for Kobada in October.

The DFS confirmed highly attractive financial metrics including a post-tax NPV8% (net present value) of US$635m and an internal rate of return (IRR) of 58% at a gold price assumption of US$2,200/oz (currently US$2,644).

What’s Not
NVA – Nova Minerals Limited today closed down 16% to finish at 31.5c on $400k stock traded. There was no news out today but on Monday they announced an exploration update for its Estelle Gold and Critical Minerals Project located in Alaska.

Assay results for antimony from rock samples collected at the Stibium prospect have identified an 800m long by 400m wide antimony rich zone with results of up to 56.7% Sb and gold results of up to 141 g/t Au.

35 soil samples collected were greater than 1 g/t Au with a high of 25.6 g/t Au, 10 soil samples greater than 0.1% Sb with a high of 2.8% Sb.

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).