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Wednesday 26 June 2024

What’s Hot – CCO, ADG, GML, CYC, JAT, ICL, PAA & WCN

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

What’s Hot – CCO, ADG, GML, CYC, JAT, ICL, PAA & WCN
What’s Not – NVX

What’s Hot
CCO – The Calmer Co Limited today closed up 136% to finish at 1.3c on $1.5m stock traded. The reason they were up today was because they announced a trading update.

May sales have materially increased with ecommerce sales up by 45% to $496k over the month and total revenue up 28% from April to $610k.

CCO had a record month through the platforms Shopify Australia, Amazon USA & Shopify USA with continued strong sales through Coles Australia and in their Fijian Tourist channel retailers.

ADG – Adelong Gold Limited today closed up 50% to finish at 0.6c on $500k stock traded. There was no news out this morning but late last month they announced exploration results from its Paraíba Tenements located in Brazil.

Preliminary reconnaissance has identified the existence of pegmatites across the 10 Brazilian licenses, results from a limited sampling campaign show encouraging results for REE, Lithium and Beryllium.

After close they were handed a speeding ticket from the ASX, Adelong responded that they were unaware of any unknown information.

GML – Gateway Mining Limited today closed up 29% to finish at 3.1c on $300k stock traded. There was no news out today but last week they announced Mr Peter Langworthy had returned as non-executive chair.

Mr Langworthy was managing director between 2018 and 2021 and played an instrumental role in the evolution of its growth strategy through the acquisition and initial exploration of the 526,000oz Montague Project in WA.

Mr Langworthy is one of WA’s best known mining executives, he is best known for his role leading the exploration team at Jubilee Mines, overseeing several major discoveries leading to its $3.3 billion acquisition by Xstrata.

CYC – Cyclopharm Limited today closed up 21% to finish at $1.695 on $4m stock traded. The reason they were up today was because they announced pass-through status was received from the Centre for Medicare and Medicade Services (CMS).

Cyclopharm’s core radiopharmaceutical product Technegas is used in functional lung ventilation imaging.

Technegas is being used in other disease states to include COPD, asthma, pulmonary hypertension, Long COVID and certain interventional applications to include lobectomies in lung cancer and lung volume reduction surgery.

JAT – Jatcorp Limited today closed up 19% to finish at 66.5c on $300k stock traded. The reason they were up today was because they released a change in substantial shareholding.

Gold Brick Capital has purchased 2.73m shares on market since November last year, Gold Brick Capital now holds 21.6m shares for a 25.9% interest.

Back in late April, Jatcorp released its quarterly report which highlighted net operating cash of $587k in comparison to a $534k loss in the previous corresponding period.

ICL – Iceni Gold Limited today closed up 18% to finish at 8.5c on $540k stock traded. There was no news out today but last month they announced a placement to raise $1.7m @ 6.5c through the boys and girls at Evolution Capital & Morgans Corporate.

The funds raised will be used for an active initial 6-month exploration program on four immediate priority drill ready targets at the 14 Mile Project located in WA.

Drilling is planned to commence in the June Quarter, commencing with evaluating the Christmas Gift Prospect.

PAA – PharmAust Limited today closed up 14% to finish at 23.5c on $1.3m stock traded. The reason they were up today was because they announced enrolment for its open-label extension (OLE) study was now complete.

The OLE study will investigate the long-term safety, tolerability, and efficacy of MPL in patients with Motor Neurone Disease (MND)/Amyotrophic Lateral Sclerosis (ALS) who previously completed the Phase 1 MEND Study.

Updated data analysis shows a statistically significant survival benefit for monepantel (MPL) compared to untreated matched-controls from the pooled resource open-access ALS Clinical Trials (PRO-ACT) database.

WCN – White Cliff Minerals Limited today closed up 12% to finish at 1.9c on $210k stock traded. There was no news out today but last week they announced preparations were underway for a maiden field campaign at its Nunavut Copper-Gold-Silver Project located in Northern Canada.

The recently acquired Nunavut Project represents a district scale opportunity at the pre-discovery stage underpinned by the presence of both high-grade, volcanic hosted copper-silver lodes and the prospect of large tonnage sedimentary hosted copper deposits.

Samples taken from Nunavut have returned assays of up to 30.7% Cu, 194g/t Ag while trench sampling results have returned 1.13m @ 16.75% Cu.

What’s Not
NVX – Novonix Limited today closed down 10% to finish at 64.5c on $2m stock traded. There was no news out this morning but just after lunch time they were placed in a trading halt.

NVX requested the trading halt due to an article in the Street Talk section on the Australian Financial Review’s website speculating that Novonix will undertake a capital raising.

The Fin Review’s article was titled ‘Citi bankers wall-crossing investors for Novonix capital raise’ which was released at 12:16, about an hour before the trading halt.

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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