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Thursday 25 July 2024

What’s Hot – I88, WLD, TMG, LIN, CGR, LTP, SRZ & SVM

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

What’s Hot – I88, WLD, TMG, LIN, CGR, LTP, SRZ & SVM

What’s Hot
I88 – Infini Resources Limited today closed up 119% to finish at 34c on $2.3m stock traded. The reason they were up today was because they announced exploration results from the Talus Uranium Prospect within its Portland Creek Project located in Newfoundland, Canada.

A maiden soil sampling program has defined a ~235m x 100m zone coincident with a historic radon gas anomaly, 17 samples returned in excess of the upper limit of detection of ~1.18% U3O8.

Infini will now complete re-assaying of the 17 samples above detection limit, a UAV geophysics structural interpretation and urgent fieldwork with an immediate focus on sampling radon gas anomalies at Talus.

WLD – Wellard Limited today closed up 117% to finish at 3.7c on $100k stock traded. The reason they were up today was because they announced a binding contract was signed to sell the M/V Ocean Ute for US$12m (approx. A$18.1m).

They have a market cap of sub $10m (after today’s rise too).

The M/V Ocean Ute is Wellard’s oldest livestock vessel, the vessel will be purchased from Marshall Islands registered company, Bassem Dabbah Shipping.

WLD intends to return the majority of the net sales proceeds to shareholders, and it is currently considering the available options of doing so.

TMG – Trigg Minerals Limited today closed up 57% to finish at 1.1c on $120k stock traded. There was no news out today but last week they announced a notice of initial substantial shareholder.

Mr Yonglu Yu purchased 51m shares at 0.7c for a total consideration of $357k, the stock was mostly purchased from Boadicea Resources (BOA.asx) who vended Queensland tenements to Trigg back in Q1.

Trigg continues to prepare for its maiden drilling program at Drummond Gold Project, TMG has completed the geophysics program and is currently processing these results.

The geophysical program will survey high-priority epithermal gold targets previously identified to prioritise targets for upcoming drilling.

LIN – Lindian Resources Limited today closed up 48% to finish at 15.5c on $2.1m stock traded. The reason they were up today was because they announced the completion of a feasibility study for its Kangankunde Rare Earths Project located in Malawi.

The feasibility study for a stage 1 development has confirmed an economically robust project with a net present value (NPV) of US$555m (A$831m) and an internal rate of return of 80%.

The pre-production capital cost is US$40m (A$60m) which includes a 12.5% contingency, making it one of the lowest capital cost rare earths projects under development.

CGR – CGN Resources Limited today closed up 32% to finish at 18.5c on $100k stock traded. There was no news out today but last week they announced a drilling update from the Webb Project located in the West Arunta region of WA.

Drilling at the Hathi target tested several magnetic anomalies adjacent to a rare earth element (REE) intercept of 37m @ 0.38% TREO.

Drilling at the Shep prospecting was testing the largest FLEM plate model and intersected a 50m zone of disseminated to semi-massive pyrite within a zone of brecciated and altered mafic to ultramafic intrusives.

LTP – LTR Pharma Limited today closed up 10% to finish at 86c on $900k stock traded. There was no news out today but last month they announced positive initial results from its pivotal bioequivalence clinical study of SPONTAN Nasal Spray.

SPONTAN is an innovative intranasal spray treatment for Erectile Dysfunction (ED), the nasal spray bypasses the digestive system and is designed to overcome certain issues experienced by some patients using other ED therapies, namely oral tablets.

Initial data from the Study shows that SPONTAN reached the same Cmax (maximum concentration) level as an oral administration, despite being administered at a lower dose while also achieving it with an average of 12 minutes compared to 56 minutes in patients receiving oral treatment.

SRZ – Stellar Resources Limited today closed up 10% to finish at 2.2c on $180k stock traded. There was no news out today but back in late May they announced a placement to raise $10m @ 1.9c through the boys and girls at Taylor Collison Limited & Bell Potter Securities.

The raise was corner-stoned by Paradice Fund committing $3.9m and Regal Funds Management committing $3m, the raise was completed at a 4.6% premium to the 10-day VWAP.

The funds raised will allow Stellar to accelerate drilling and complete feasibility studies at the Heemskirk Tin Project located in western Tasmania.

The Heemskirk Tin Project continues to rank as the highest-grade undeveloped tin resource in Australia and the third globally.

SVM – Sovereign Metals Limited today closed up 9% to finish at 66.5c on $700k stock traded. There was no news out today but last week they announced a memorandum of understanding (MOU) was entered with The Palladium Group.

Palladium is a global impact firm that works to link social progress and commercial growth with a workforce of over 2,500 global leaders.

Sovereign and Palladium will collaborate around its Kasiya Project to provide key agricultural inputs, training, technologies, and financing to develop and integrate smallholder farmers into the emerging high growth agriculture value chains.

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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