Search

Friday 21 June 2024

What’s Hot – DY6, AMM, A8G, BNL, DXB, VGL, NEU, 4DS, CTT & TYX

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

What’s Hot – DY6, AMM, A8G, BNL, DXB, VGL, NEU, 4DS, CTT & TYX
What’s Not – SBM

What’s Hot
DY6 – DY6 Metals Limited today closed up 334% to finish at 16.5c on $3.5m stock traded. The reason they were up today was because they announced historical drilling results from its Tundulu REE Project located in Malawi.

The results confirm Tundulu’s potential as a significant REE project enriched in mineralised carbonatites with assays of up to 101m @ 1.02% TREO, 3.6% P2O5 from surface.

Lithological strip logs of the drillholes also show a good correlation between rich apatite (P2O5) and abundant heavy rare earth elements (HREE).

AMM – Armada Metals Limited today closed up 54% to finish at 2c on $69k stock traded. The reason they were up today was because they announced a binding term sheet was entered to acquire Midwest Lithium.

Midwest currently holds, or has the right to acquire, a 100% interest in 1,098 unpatented lode mining claims covering approximately 93km2 in the Black Hills of South Dakota, USA,

Black Hills has several companies actively exploring in the region, including Iris Metals (IR1.asx), Patriot Lithium (PAT.asx) and United Lithium.

A8G – Australasian Metals Limited today closed up 38% to finish at 10.5c on $110k stock traded. The reason they were up today was because they announced they signed an option to acquire the Dingo Hole High-Purity Quartz project located in the NT.

Historical geochemical data indicate over 30 surface samples to contain greater than 99.94% SiO2 with only minimal sample preparation prior to assay.

Previous tests found low levels of deleterious elements such as aluminium, titanium and lithium contaminants that highlight the project’s world-class potential.

BNL – Blue Star Helium Limited today closed up 38% to finish at 1.1c on $360k stock traded. The reason they were up today was because they announced they successfully drilled to its final depth at the State 16 SWSE 3054 development well within its Galactica helium project located in Colorado.

Wireline logs have confirmed approximately 96 feet of high-quality sands in the upper Lyons production section to be gas saturated, there was no water encountered during drilling.

BNL is about to commence pressure and flow testing, including a pressure gradient test, followed by flow testing, sampling and a pressure build-up test over a five-day period.

DXB – Dimerix Limited today closed up 25% to finish at 42.5c on $14m stock traded. The reason they were up today was because they announced an exclusive license agreement was entered with Taiba Middle East for the commercialisation of its Phase 3 drug candidate DMX-200.

The agreement is for the rights to use DMX-200 for the treatment of focal segmental glomerulosclerosis (FSGS) kidney disease in the United Arab Emirates (UAE), Saudi Arabia, Oman, Kuwait, Qatar, Bahrain and Iraq.

DXB will receive up to $120.5m from Taiba in upfront and milestone payments, in addition to tiered royalties starting at 30% on net sales.

VGL – Vista Group Limited today closed up 18% to finish at $1.97 on $580k stock traded. The reason they were up today was because they announced Admetus Capital had become a substantial shareholder.

Admetus’s ultimate holding company is Admetus Partners, whose shareholders include funds managed or advised by Potentia Capital Management, a specialist private equity investor focused on technology and tech-enabled businesses.

Admetus acquired 43.8m Shares for an aggregate consideration of NZ$92,117,495.40, with approximately 33.2m of the shares acquired on-market and approximately 10.6m shares to be acquired from Jarden Securities.

NEU – Neuren Pharmaceuticals Limited today closed up 16% to finish at $23.97 on $32m stock traded. The reason they were up today was because they announced top-line results from its Phase 2 clinical trial of NNZ-2591 in children with Pitt Hopkins syndrome (PTHS).

PTHS is a rare genetic disorder characterized by developmental delay, epilepsy, distinctive facial features, and possible intermittent hyperventilation followed by apnea.

NNZ-2591 was well tolerated and demonstrated a good safety profile, all treatment emergent adverse events (TEAEs) were mild to moderate, and most were considered not related to study drug.

4DS – 4DS Memory Limited today closed up 13% to finish at 9.5c on $2.5m stock traded. There was no news out today but a fortnight ago they announced HGST (a subsidiary of Western Digital Corporation) had signed the 11th consecutive twelve-month joint development agreement (JDA) with 4DS.

Late last month, 4DS released its quarterly which highlighted that it had successfully completed further analysis of the Fourth Platform Lot and the results obtained were significantly better than previous results.

The focus of the additional testing was to investigate the speed and power efficiency of the 60nm memory cells in the megabit array.

CTT – Cettire Limited today closed up 10% to finish at $2.62 on $26m stock traded. The reason they were up today was because they announced a response to a media article in The Australian this morning that was pretty damming.

Cettire claims that the article contains a number of claims and allegations that are untrue, including allegations regarding non-genuine products being sold via its platform.

Cettire’s share price has taken a beating over the last few weeks, before today’s rise it was trading down 26% from highs of $3.24 earlier this month.

TYX – Tyranna Resources Limited today closed up 10% to finish at 1.1c on $140k stock traded. The reason they were up today was because they announced further assay results from the Muvero Prospect within its Namibe Project located in Angola, Africa.

Drilling returned high grades of lithium, caesium and tantalum with intersections of up to 11m @ 1.13% Li2O, 3m @ 7.62% Cs2O & 1m @ 834ppm Ta2O5.

These results compare favourably with the average grades of currently operating lithium and tantalum mines, wherein typical grades of lithium range from approximately 1.0% Li2O to 1.5% Li2O typical grades of tantalum ranging from approximately 100ppm Ta2O5 to 400ppm Ta2O5.

What’s Not
SBM – St Barbara Limited today closed down 16% to finish at 23.5c on $9m stock traded. The reason they were down today was because they announced an update on the gold production outlook from its Simberi operations located in Papua New Guinea.

Simberi’s gold production for Q4 June FY24 was anticipated to exceed 20,000 ounces based on achieving access to another higher-than-average grade ore zone in the Sorowar pit in the month of June.

Unfortunately, this important Sorowar ore zone will not be accessible until Q1 September FY25, resulting in more typical ore grades of around 1.0 g/t Au for processing plant ore feed for the month of June.

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).

Free stock updates

Subscribe to receive the latest stock news, CEO interviews, expert insights, events and offers directly into your inbox