Thursday 25 July 2024

What’s Hot – K2F, AQI, JRV, TLG, CYP, 3DA, KNI

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

What’s Hot – K2F, AQI, JRV, TLG, CYP, 3DA, KNI
What’s Not – PMT

What’s Hot
K2F – K2fly Limited today closed up 85% to finish at 18.5c on $1m stock traded. The reason they were up today was because they announced a scheme implementation deed was entered with Argyle Bidco (subsidiary of Accel-KKR) to be acquired for 19c in cash.

Accel-KKR is a technology-focused investment firm with over $19 billion in capital commitments, the firm focuses on software and IT-enabled businesses.

The K2fly Board unanimously recommends that shareholders vote in favour of the 90% premium to the last closing price of 10c.

Significant shareholders of K2F who hold a 48.5% interest in the company are intending to vote in favour of the scheme.

AQI – Alicanto Minerals Limited today closed up 21% to finish at 2.3c on $120k stock traded. The reason they were up today was because they announced they initiated a review of potential project acquisitions, along with a little board restructure.

Alicanto will review potential advanced project acquisitions which will draw on the experience of individuals who played key roles in the recent acquisitions made by FireFly Metals (FFM.asx) and Mitre Mining Corporation (MMC.asx), including Steve ”where’s the gold” Parsons and Michael ”can ya ” Naylor.

Both FFM & MMC have done considerably well since announcing the acquisition of the Green Bay Copper project & Cerro Bayo Silver-Gold project – no doubt read about MMC and uncle Ray Ray in here previously.

JRV – Jervois Global Limited today closed up 21% to finish at 2.3c on $1.8m stock traded. There was no news out today but earlier this month they announced a non-binding memorandum of understanding (MOU) was signed with Global Tungsten & Powders (GTP).

As part of the MOU, both parties would jointly evaluate GTP making a minority equity investment in Jervois’ proposed U.S. cobalt refinery.

GTP is a leading Western supplier of high-quality tungsten and tungsten carbide powders, GTP also processes tungsten heavy alloy powders to finished components for the aerospace and defense industries.

TLG – Talga Group Limited today closed up 16% to finish at 66c on $1.5m stock traded. The reason they were up today was because they announced an earn-in agreement was signed with Sociedad Química y Minera de Chile (SQM).

SQM (US$11.6b market cap) is a Chilean chemical company and a supplier of plant nutrients, iodine, lithium and industrial chemicals, it is the world’s biggest lithium producer.

Under the binding agreement, SQM has the right to sole fund exploration expenditure of up to US$19m over the next 7 years on the Aero Lithium Project located in Sweden, for up to a 70% interest.

CYP – Cynata Therapeutics Limited today closed up 12.5% to finish at 27c on $125k stock traded. There was no news out today but last month they announced the publication of two-year follow-up data of CYP-001 in patients with steroid-resistant acute graft versus host disease (SR-aGvHD) in the prestigious peer-reviewed journal Nature Medicine.

Graft versus host disease (GvHD) is a potentially life-threatening complication in recipients of bone marrow transplantation or similar procedures.

According to Allied Market Research, the global graft versus host disease market was valued at $3 billion in 2021 and is projected to reach $10.4b by 2031.

The newly published paper reports sustained outcomes at the two-year follow-up in the Phase 1 clinical trial of CYP-001 in patients with SR-aGvHD.

3DA – Amaero International Limited today closed up 12% to finish at 41c on 369k stock traded. There was no news out today but roughly a fortnight ago they announced the commissioning of its atomiser was completed ahead of schedule.

The atomiser was installed and tested in accordance with technical specifications in the purchase agreement, 3DA’s technical and manufacturing team will now commence proprietary modifications of the atomisation process and optimization of the operating parameters.

This important milestone helps position Amaero as the largest U.S. domestic producer of C103 and specialty alloy AM powders.

Back in April, Amaero entered a binding offtake agreement for C103 AM powder with a leading and well-resourced counterparty with strong ties to the defense and space industries.

KNI – Kuniko Limited today closed up 10% to finish at 21.5c on $105k stock traded. There was no news out today but on Wednesday they announced ground electromagnetic (EM) surveys was completed at its Ertelien Nickel-Copper-Cobalt Project located in Southern Norway.

Five conductive horizons have been identified through the survey with two on the western loop and three in proximity to the southern loop.

Four of the five conductors are untested by drilling while one conductor aligns with the known mineralisation at Ertelien, for which a resource estimate was produced in Q1.

Ertelien’s inferred mineral resource estimate (MRE) is a total of 23Mt @ 0.31% nickel equivalent (NiEq), comprising 0.21% Ni, 0.16% Cu and 0.014% Co.

What’s Not
PMT – Patriot Battery Metals Limited today closed down 10% to finish at 57c on $7.5m stock traded. There was no news out today but last week they announced assay results from the CV13 spodumene pegmatite (Vega Zone) within its Corvette Property located in James Bay, Quebec, Canada.

Drilling significantly expanded the recently discovered high-grade zone at Vega Zone with assays of up to 33.4m @ 2.40% Li2O including 11.1m @ 4.33% Li2O.

The Vega Zone will be a key target for the upcoming summer drill program, with details of the program to be released to the market in the coming weeks.

The Corvette Project currently contains an inferred mineral resource estimate of 109.2Mt @ 1.42% Lithium.

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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