What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – 3DP, IMM, LYN, GLN, SKS, BOT, SUM, TRE & IMU
What’s Not – OVT
What’s Hot
3DP – Pointerra Limited today closed up 34% to finish at 6.3c on $1.3m stock traded. The reason they were up today was because they released a corporate presentation and held an investor webinar with CEO and Co-Founder Mr Ian Olson & ShareCafe.
Pointerra3D is the world’s fastest true end-to-end digital twin solution, leveraging proprietary patented algorithms and AI driven technology via an innovative and unique cloud subscription business model.
Pointerra3D helps customers answer almost any physical asset management question, solving numerous traditional 3D and 2D digital twin data workflow problems.
IMM – Immutep Limited today closed up 20% to finish at 35.5c on $8.5m stock traded. The reason they were up today was because they announced positive results from Cohort B of the TACTI-003 (KEYNOTE-PNC-34) Phase IIb trial.
The trial was evaluating eftilagimod alfa (efti) in combination with MSD’s anti-PD-1 therapy KEYTRUDA (pembrolizumab) as first-line treatment of recurrent or metastatic head and neck squamous cell carcinoma patients (1L HNSCC) with negative PD-L1 expression.
The investigational immuno-oncology (IO) combination achieved an objective response rate (ORR) of 35.5% and a disease control rate (DCR) of 58.1%.
LYN – Lycaon Resources Limited today closed up 20% to finish at 36.5c on $780k stock traded. There was no news out today but on Wednesday they released its quarterly report which highlighted the winning of a ballot for the Myrnas Hill project located in the Pilbara region of WA.
Myrnas Hill is located adjacent to the Marble Bar and DOM’s Hill projects held by Kali Metals Limited (KM1.asx) and Sociedad Química y Minera de Chile (US$11.7b market cap).
The historical high-grade results from rock chips at Myrnas Hill has returned up to 42% Cu, 7.05% Cu, 6.49g/t Au & 47.7g/t Ag.
GLN – Galan Lithium Limited today closed up 18% to finish at 19.5c on $1.6m stock traded. The reason they were up today was because they announced an update on the progress of its Hombre Muerto West (HMW) Phase 1 lithium brine project located in Argentina.
The construction phase and associated activities for its HMW project is now close to 40% completion, with first production targeted for H2CY25.
Only 2 months ago they announced production was forecasted for H1 2025.
Approximately 750km2 of evaporation area has now been built and is currently housing 2,800t LCE of contained inventory.
SKS – SKS Technologies Limited today closed up 18% to finish at $1.35 on $5m stock traded. The reason they were up today was because they announced a $90m+ data centre project was awarded to them.
The award is for an international hyperscale data centre in Melbourne which is to be completed by August 2025.
This project award takes SKS’ work on hand to another record high of $178m, which is considerable given the rate at which work is being completed and converted to revenue.
As a result, SKS expects total annual revenue for FY25 to be approximately $200m+, this forecast revenue is based on the continually accelerating level of work on hand.
BOT – Botanix Pharmaceuticals Limited today closed up 17% to finish at 38c on $9.2m stock traded. There was no news out today but late last month they announced an institutional placement to raise $70m @ 30c through the boys and girls at Euroz Hartleys & E&P Corporate Advisory.
The funds raised will be used to fund sales and marketing, manufacturing and support costs for Sofdra (sofpironium) gel, 12.45%.
Botanix recently received FDA approval for Sofdra which is the first and only new chemical entity approved for the treatment of primary axillary hyperhidrosis (excessive underarm sweating), in adults and children 9 years of age and older.
Hyperhidrosis is the third largest dermatology condition (after acne and atopic dermatitis), with approximately 10m patients in the US with the condition.
SUM – Summit Minerals Limited today closed up 16% to finish at 29c on $760k stock traded. There was no news out today but on Wednesday they announced a placement to raise $2.5m @ 25c through the boys and girls at GBA Capital who were kind enough to offer me some stock.
All three of the company’s directors will participate in the placement for a combined amount of $100k subject to shareholder approval.
The funds raised will be used to accelerate exploration and drilling programs at its Niobium and Tantalum Equador project located in Brazil.
TRE – Toubani Resources Limited today closed up 11% to finish at 19.5c on $310k stock traded. There was no news out today but last week they announced an updated mineral resource estimate (MRE) for its Kobada Gold Project located in Mali.
The MRE for the Kobada Gold Project now stands at 78Mt @ 0.88g/t for 2.2Moz of contained gold with indicated ounces now totaling 2Moz (71Mt @ 0.87g/t gold).
The 2024 MRE marks completion of key milestone in Toubani’s development of a bulk tonnage, low-cost oxide-dominant project.
IMU – Imugene Limited today closed up 10% to finish at 5.9c on $2.2m stock traded. There was no news out today but on Wednesday they announced the first patient has been dosed in its trial for bile tract cancer (cholangiocarcinoma) patients using its cancer-killing virus CF33 (VAXINIA).
The trial is expected to enroll 10 patients with bile tract cancer, interim results for the MAST (Metastatic Advanced Solid Tumours) trial demonstrated positive responses in gastrointestinal cancers.
One patient with bile tract cancer who had failed three prior lines of therapy received a mid-dose of IT-administered monotherapy VAXINIA and achieved a complete response.
What’s Not
OVT – Ovanti Limited (previously IOUPay Limited IOU.asx) today closed down 14% to finish at 0.6c on $230kstock traded. There was no news out today but roughly a fortnight ago they announced the signing of a significant new contract with a leading commercial bank in Malaysia.
iSentric (wholly owned subsidiary) will oversee SMS Broadcast and a comprehensive omnichannel marketing communication strategy for the Bank.
iSentric internally forecast the combined value of these contracts to be worth approximately A$4.8m annually over the next three years.
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).