What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – FXG, CCX, ECS, SS1, TRE, NTI & OMA
What’s Not – AMD
What’s Hot
FXG – Felix Gold Limited today closed up 66% to finish at 8.3c on $2.7m stock traded. The reason they were up today was because they announced assay results from its Treasure Creek project located in Alaska, US.
The historic Scrafford Antimony Mine at Treasure Creek was one of Alaska’s largest antimony producers, achieving past production grades up to 58% Sb.
The latest assay results from Treasure Creek have returned assays of up to 3m @ 14.24% Sb & 1.5m @ 15.99% Sb.
The Scrafford deposit is situated along a prominent fault zone extending over more than 8km and varying in thickness from 5.5m to 32m.
CCX – City Chic Collective Limited today closed up 61% to finish at 16.5c on $4.4m stock traded. The reason they were up today was because they released its full year results and a FY25 outlook.
Group sales revenue for FY24 was down approximately 28.3% to $131.6m compared with the prior corresponding period (PCP).
FY24 underlying EBITDA loss was $8.4m, reflecting the challenging trading environment and the transitionary period as City Chic repositions itself for a return to profitable growth.
Throughout FY24, CCX divested Avenue and Evans which has simplified its operations, unlocked cost savings, and allowed the Group to refocus on the City Chic customer in ANZ and US.
ECS – ECS Botanics Holdings Limited today closed up 31% to finish at 1.7c on $240k stock traded. The reason they were up today was because they released its full year results which highlighted a 305% increase in net profit after tax (NPAT) to $2m.
ECS delivered a 31% increase in annual total income of $20.5m driven by increased production, increased export sales, fulfilling local contracts, an expanded product offering that includes gummies and vapes, and early contributions from direct-to-consumer (B2C) sales.
Gross margins improved from 18% to 35% as a result of an ongoing focus on productivity across the business, a change in customer mix and a strategic emphasis on increasing exports.
SS1 – Sun Silver Limited today closed up 11% to finish at 63c on $3.7m stock traded. The reason they were up today was because they announced an updated mineral resource estimate (MRE) for its Maverick Springs Silver-Gold Project located in Nevada, US.
Maverick Springs’s MRE increased by 45% to 195Mt @ 40.25g/t Ag & 0.32g/t Au (67.25g/t AuEq) for 253Moz Ag & 2Moz Au (423Moz AgEq).
The updated MRE makes Sun Silver’s Maverick Springs asset the largest pre-production primary silver asset on the ASX.
The project still offers significant potential for expansion of the current resource base, with mineralisation open in all directions.
TRE – Toubani Resources Limited today closed up 11% to finish at 21c on $280k stock traded. There was no news out today but last week they announced a placement to raise $10m @ 17c through the boys and girls at Canaccord Genuity & Wallabi Group.
Toubani directors & readers of the Rant the great Matt Wilcox, Scott Perry & Phil Russo have all subscribed for shares along with Paradice Investment Management who will maintain its 9.9% interest and are still yet to send me an order at my new shop.
The funds raised will underpin its dual-track strategy to drive the Kobada Gold Project to shovel-ready status and pursue resource growth opportunities across its highly prospective tenure.
NTI – Neurotech International Limited today closed up 10% to finish at 7.7c on $160k stock traded. There was no news out today but roughly a fortnight ago they announced they were pursuing a global partnering strategy for NTI164 (its broad-spectrum cannabinoid drug therapy).
The prospective partners will have the necessary financial resources and experience in late-stage drug development, clinical trials, and commercialisation.
They will also be responsible for all costs of development and commercialisation of NTI164 outside of Australia.
OMA – Omega Oil & Gas Limited today closed up 10% to finish at 23.5c on $800k stock traded. The reason they were up today was because they announced a placement to raise $6.5m @ 21.5c through the boys and girls at Prenzler Group who were kind enough to offer me a few.
The placement has been fully supported by its largest shareholders, including the Flannery family & Tri-Star who maintained their investments at approximately 29% and 20%, respectively.
That was @ 21.5c no options and the same as last traded price, won’t see that much in this market as my broking mate Rent a Kill told me today (who may or may not be on the board).
What’s Not
AMD – Arrow Minerals limited today closed down 33% to finish at 0.2c on $1.1m stock traded. There was no news out today but last week they announced a placement to raise $5m @ 0.22c through Euroz Hartleys, Bell Potter, Canaccord Genuity & Morgans.
The Board of Directors have committed to subscribe for a total of $300k through the placement, always good to see money where their mouth is.
The funds raised will be applied towards progressing drilling activities, economic studies, and metallurgical test work at its Niagara Bauxite Project and Simandou North Iron Project located in Guinea.
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).