What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – AGY, DDB, E79, KNO, CYM, LTP & EXR
What’s Not – BGL
What’s Hot
AGY – Argosy Minerals Limited today closed up 41% to finish at 4.8c on $3.7m stock traded. The reason they were up today was because they released its quarterly which highlighted its recently granted EIA regulatory approval for the development of a 10,000tpa LCE production operation expansion at Rincon Lithium Project located in Argentina.
This official notification confirms the company now has all the necessary approval required to develop the 10,000tpa expansion operation.
Some small relief for AGY shareholders who had two consecutive days in the red following suspended operations at the facility.
DDB – Dynamic Group Holdings Limited today closed up 21% to finish at 28.5c on $690k stock traded. The reason they were up today was because they announced Australian Meat Industries (AFS) proposed to acquire them for 28c in cash.
AFS is a shareholder of DDB with an interest of 19.87% of DDB fully paid shares.
The proposed Acquistion of DDB is in line with AFS’ strategy to deploy capital in the interest of the Australian Meat Industry Superannuation Trust and maximise long-term investment returns for Australian Food Super Members.
They could get a few positions in some of my lobster pots if they are keen and read this today.
E79 – E79 Gold Mines Limited today closed up 21% to finish at 4.1c on $4m stock traded. The reason they were up today was because they announced exploration results from its Mountain Home Project located in the NT.
Rock chip sampling has extended the known mineralised structure at Mountain Home to 1km in strike with assays returning up to 45.5% Cu & 11.75 g/t Au.
There is a strong positive correlation between copper values and sulphur values in the assays, these elevated sulphur values are an important vector to finding primary copper mineralisation.
KNO – Knosys Limited today closed up 18% to finish at 4.5c on $200k stock traded. The reason they were up today was because they released its quarterly which highlighted positive net cash from operating activities in Q4 FY24 of $1.1m.
This was driven by revenue stability with steady annual recurring revenue (ARR) of $9.5m in July 2024, together with a 20% reduction in the operating cash out flows from $11.8m in FY23 to $9.4m in FY24.
Over the past year, Knosys has focused on improving operational efficiency, operating with a lower cost base during the year.
CYM – Cyprium Metals Limited today closed up 17% to finish at 4.2c on $760k stock traded. The reason they were down today was because they announced a commercial strategic partnership was entered with Glencore International.
The partnership is to accelerate the resumption of copper production from its Nifty copper complex in WA near Port Hedland.
Copper products from Nifty’s two processing plants will be purchased by Glencore, importantly including off-spec materials that are frequently produced during a startup period.
LTP – LTR Pharma Limited today closed up 13% to finish at 88c on $800k stock traded. There was no news out today but on Wednesday they announced a placement to raise $10.5m @ 73c through the boys and girls at Alpine Capital who were kind enough to offer me stock.
The funds raised will be deployed to advance SPONTAN’s regulatory pathways, expand R&D pipeline and bolster sales & marketing efforts.
LTR Pharma is now poised to expedite the commercialisation of SPONTAN, enabling early access through Australia’s special access scheme (SAS).
This follows positive initial data from its pivotal bioequivalence clinical study which shows that SPONTAN reached the same Cmax (maximum concentration) level as an oral administration.
EXR – Elixir Energy Limited today closed up 10% to finish at 11c on $170k stock traded. There was no news out today but yesterday they announced a placement to raise $6.25m @ 10c through the boys and girls at Taylor Collison & Originate Capital.
The funds raised will be deployed in the next phases of the Grandis Project located in QLD, which will include dealing with potential contingencies that might arise from the imminent multiple stage stimulation and flow testing program at its Daydream-2 well.
The placement will also position EXR for the next phases of Project Grandis, including ordering long lead items for the next well and improving the negotiating position for potential farm-out negotiations post the flow testing phase.
What’s Not
BGL – Bellevue Gold Limited today closed down 22% to finish at $1.435 on $140m stock traded. The reason they were down today was because they announced a placement to raise $150m @ $1.55 through the boys and girls at Macquarie Capital, Canaccord Genuity & UBS Securities Australia.
Bellevue is also undertaking a share purchase plan (SPP) to raise $25m under the same terms as the placement.
The funds raised will be used to repay debt, unlocking project free cash flow to allow Bellevue to self-fund expansion in line with its updated 5 Year Growth Plan, and to support accelerated exploration and growth.
Before today’s placement, BGL was in roughly $219m debt.
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).