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Thursday 25 July 2024

What’s Hot – BVR, IR1, BBN, AL3, RNX, LV1, ENR & ACW

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

What’s Hot – BVR, IR1, BBN, AL3, RNX, LV1, ENR & ACW
What’s Not – MAY

What’s Hot
BVR – Bellavista Resources Limited today closed up 29% to finish at 22c on $220k stock traded. The reason they were up today was because they announced a placement to raise $1.2m @ 15c.

The funds raised will be used to accelerate due diligence on several advanced projects, secure strategic funding options for the Brumby Project and regional exploration on the Edmund Basin Project.

BVR will draw on the experience of individuals who played key roles in the recent acquisitions made by FireFly Metals (FFM.asx) and Mitre Mining Corporation (MMC.asx), including long time reader Steve Parsons and Michael Naylor.

IR1 – IRIS Metals Limited today closed up 25% to finish at 32c on $470k stock traded. There was no news out today but on Monday they announced the appointment of Mr. Kevin Smith to the board as a non-executive director.

Mr. Smith has helped to build several energy and critical minerals businesses and has intimate knowledge of these supply chains.

Mr. Smith was brought on board to support the development of the South Dakota Lithium Project.

Back in April, IR1 announced high-grade lithium results from its Beecher Project which included intercepts of up to 27.8m @ 1.90% Li₂O from 70.7m.

BBN – Baby Bunting Group Limited today closed up 19% to finish at $1.47 on $3.7m stock traded. The reason they were up today was because they announced a trading update for FY24.

BBN has reaffirmed its FY24 pro forma net profit after tax guidance range of $2m and $4m, total sales were up 1% on the prior corresponding period.

BBN also announced the signing of two new exclusivity agreements with Nuna Baby Australia and Bugaboo.

The agreement with Nuna Baby Australia is a first key step in its exclusive brand strategy and will provide improved margins, a brand development rebate and expanded space fee arrangements.

AL3 – Aml3D Limited today closed up 18% to finish at 8.6c on $1.6m stock traded. There was no news out today but earlier this month they announced a $2.24m investment to accelerate its ARCEMY Increase Deposition Rates (AIDR) project.

The investment will match a South Australian Government grant of $2.24m in the next generation of its proprietary metal 3D printing technology.

With the support of the SA Government, AML3D’s accelerated ADIR project will run for a 15-month period and initially create an additional four, highly skilled, advanced manufacturing and software development jobs.

RNX – Renegade Exploration Limited today closed up 15% to finish at 1.5c on $180k stock traded. There was no news out today but earlier this month they announced a drilling update for the Mongoose Deeps anomaly within the Cloncurry Project located in QLD.

Drilling has reached around 950m and is now approaching the primary target zones commencing at approximately 1,000 to 1,200m.

The anomaly is interpreted as being a magnetite rich breccia pipe which is similar in size, shape, and magnitude as the world-class Ernest Henry copper mine.

Evolution Mining’s (EVN.asx $7.8b market cap) Ernest Henry copper-gold operation is a large-scale, long-life asset which achieved FY23 production of 64.7k ounces of gold & 47.3Kt of copper.

LV1 – Live Verdure Limited today closed up 13% to finish at 46.5c on $200k stock traded. There was no news out today but yesterday they announced the formation of a new AI Category Advisory Council and the appointment of its initial members.

This council aligns with their ongoing efforts to integrate AI across all facets of their operations, driving efficiency, enhancing customer engagement, and unlocking new revenue streams by extending the AI solutions to other categories.

The council will collaborate with the Board and the Decidr executive team to develop and refine the company’s overall AI organisational strategy and priorities, focusing on AI category positioning, structuring and monetisation.

ENR – Encounter Resources Limited today closed up 13% to finish at 63.5c on $3.7m stock traded. There was no news out today but on Monday they announced assay results from its Aileron project located in the West Arunta region of WA.

Drilling intersected continuous near-surface carbonatite with assays of up to 52m @ 3.0% Nb2O5 from 81m to the end of hole, including 16m @ 6.0% Nb2O5.

These results have extended the mineralisation at Crean by 800m and this trend appears to be strengthening to the west and remains open.

ACW – Actinogen Medical Limited today closed up 12% to finish at 4.6c on $1.4m stock traded. There was no news out today but yesterday they announced a positive Xanamem phase 2a biomarker trial was published in the Journal of Alzheimer’s Disease (AD).

The biomarker trial was conducted as a stand-alone, prospective, double-blind trial using newly generated plasma biomarker data and clinical data on file from the XanADu phase 2a trial in patients with a clinical diagnosis of mild AD.

In the 34 patients with elevated pTau181 a potentially large and clinically meaningful treatment effect compared to placebo was seen in the CDR-SB and positive trends were observed in a neuropsychological test battery of cognition.

What’s Not
MAY – Melbana Energy Limited today closed down 46% to finish at 3.3c on $5.7m stock traded. The reason they were down today was because they announced exploration results from its Alameda-3 appraisal well within its Block 9 PSC located onshore Cuba.

Test gauges were opened on variable choke sizes and only 14% of load fluid was recovered.

The well was then shut in to build pressure, however minimal returns were achieved at surface after reopening.

The inability of the well to flow does not fit with previous observations and expectations, given wireline and FMI over this interval indicate substantial good quality conventiona pay in addition to the highly fractured pay.

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).

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