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Wednesday 26 June 2024

What’s Hot – FTL, OSX, NRZ, VTM, MPK, IDT, BRE, MMC & ERW

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

What’s Hot – FTL, OSX, NRZ, VTM, MPK, IDT, BRE, MMC & ERW
What’s Not – CCO

What’s Hot
FTL – Firetail Resources Limited today closed up 150% to finish at 11.5c on $3.6m stock traded. The reason they were up today was because they announced the acquisition of an 80% interest in the York Harbour Project located in Newfoundland, Canada.

The York Harbour Project is a Cyprus-type volcanogenic massive sulphide (VMS) copper exploration project covering ~47km2 of highly prospective geology, hosting the historic, high grade York Harbour Copper Mine.

The mine has historically produced 100Kt of ore from 1.2km of UG Development with grades between 3-12% Cu, 7% Zn and 1-3oz/t Ag.

OSX – Osteopore Limited today closed up 30% to finish at 7c on $4.4m stock traded. The reason they were up today was because they announced progress was made with its $18.7m partnership with the National Dental Centre Singapore (NDCS) and the Agency for Science, Technology and Research (A*STAR).

OSX has announced the successful development of a 3D-printed technology, which can combine patented biological additives and polymer compounds for dental implants that have the potential to accelerate bone healing.

The next-generation dental implant project is now set to progress towards in vivo studies in biological models.

NRZ – Neurizer Limited today closed up 20% to finish at 0.6c on $220k stock traded. There was no news out today but last week they released a change of substantial shareholding.

Energy Exploration Capital Partners sold 248m shares on market at 0.2c which you would have read about in here in the What’s Not section last week.

The Company received the shares as part of a convertible note which was issued at 0.1c, so a healthy 100% profit.

VTM – Victory Metals Limited today closed up 15% to finish at 27.5c on $120k stock traded. There was no news out today but late last month they announced a placement to raise $2.5m @ 22c.

The funds raised will be used to further advance the North Stanmore Heavy Rare Earth Project situated adjacent to the Great Northern Highway in Cue, WA.

VTM plans to complete an updated mineral resource estimate (MRE) at North Stanmore which currently contains 250Mt @ 520ppm TREYO and makes it Australia’s largest heavy rare earth project.

MPK – Many Peaks Minerals Limited today closed up 13% to finish at 26c on $175k stock traded. There was no news out today but yesterday they announced a private placement to raise $5.2m @ 22c through the boys and girls at Blackwood Capital.

The funds raised will be used to accelerate exploration over an extensive area of gold anomalous geochemistry with early but very encouraging drilling results at the Odienne and Ferke Gold Projects located in northwest Côte d’Ivoire.

Last month, MPK announced they completed the acquisition of the Turaco Gold (TCG.asx) & Predictive Discovery’s (PDI.asx) joint venture which holds the right to acquire an 85% interest in four mineral permits in Cote d’Ivoire.

IDT – IDT Australia Limited today closed up 12% to finish at 11.5c on $270k stock traded. There was no news out today but on Tuesday they announced a non-renounceable entitlement offer to raise $7m @ 9c through the boys and girls at Taylor Collison.

The funds raised will be used for capital expenditure relating to current and potential future works in the mRNA therapeutics including Sanofi Australia.

The funds will also be allocated to enhancing IDT’s capabilities in Antibody Drug Conjugate ahead of an expected increase in work orders and general working capital.

BRE – Brazilian Rare Earths Limited today closed up 11% to finish at $3.61 on $2.8m stock traded. The reason they were up today was because they announced exploration results from its Sulista Project located in Brazil.

The first phase of BRE’s exploration program recorded a wide range of outstanding exploration results including 39,770 ppm (3.9%) NdPr, 1,579ppm DyTb, 4,821ppm niobium, 241ppm scandium and 2,422ppm uranium.

The new drill holes intersected mineralisation at around 40m & 75m below the surface, with one drill hole returning 12.3m @ 12.5% TREO from 102.5m.

MMC – Mitre Mining Corporation Limited today closed up 10% to finish at 70.5c on $650k stock traded. There was no news out today but last week they announced exploration results from its Cerro Bayo Silver-Gold project located in Chile.

Geochemical sampling and mapping have identified multiple high-grade silver-gold veins with assays returning up to 10,466g/t AgEq (6,186g/t Ag & 51.6g/t Au).

The potential swarm of silver-gold veins is located at the Guanaco Prospect, just ~7km east of the processing facility at Laguna Verde.

ERW – Errawarra Resources Limited today closed up 10% to finish at 11c on $200k stock traded. There was no news out today but on Tuesday they announced the first of two planned heritage surveys were completed at its Andover West project area located in the Pilbara, WA.

The heritage survey was completed over an area of 6km2 which cover the highest priority target areas at Andover West, ERW will have the opportunity to drill once a pending follow-up survey is completed.

Two strongly anomalous Li soil trends have been highlighted in this portion of the tenement, the strongest trend is located within the larger pegmatite swarm and reported a peak Li2O value of 325ppm.

What’s Not
CCO – The Calmer Co Limited today closed down 38% to finish at 0.8c on $500k stock traded. There was no news out today but yesterday 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.

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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