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Wednesday 26 June 2024

What’s Hot – KTA, RNX, SUM, VUL, CYM, BTH & RCR

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

What’s Hot – KTA, RNX, SUM, VUL, CYM, BTH & RCR
What’s Not – AVH
What’s Doing – FNR – Far Northern Resources (Gold/Copper IPO listing at 11am Friday 12 April)

What’s Hot

KTA – Krakatoa Resources Limited today closed up 125% to finish at 1.8c on $2.2m stock traded. The reason they were up today was because they announced an exploration update for its Turon Project located in NSW.RNX – Renegade Exploration Limited today closed up 67% to finish at 1c on $150k stock traded. The reason they were up today was because they announced exploration results from its flagship Cloncurry Project located in north-west QLD.SUM – Summit Minerals Limited today closed up 26% to finish at 8.6c on $180k stock traded. There was no news out today but last week they announced the completion of a review and restatement of the Stallion Uranium Mineral Resource located in WA.VUL – Vulcan Energy Resources Limited today closed up 24% to finish at $3.55 on $10m stock traded. The reason they were up today was because they announced the first lithium chloride (LiCi) product had been produced from its Lithium Extraction Optimisation Plant (LEOP) located in Landau, Germany.CYM – Cyprium Metals Limited today closed up 14% to finish at 2.5c on $880k stock traded. There was no news out today but last month they announced an upgraded mineral resource estimate (MRE) for its Nifty Copper Mine located in WA.

BTH – Bigtincan Holdings Limited today closed up 13% to finish at 17.5c on $2.2m stock traded. The reason they were up today was because they announced a Q3 business update which highlighted a record EBITDA, EBITDA margin and free cash flow.

RCR – Rincon Resources Limited today closed up 11% to finish at 3c on $250k stock traded. The reason they were up today was because they announced personnel have been remobilised to site to restart the Pokali diamond drilling program located in the West Arunta region of WA.

What’s Not

AVH – Avita Medical Limited today closed down 12% to finish at $3.98 on $3.9m stock traded. The reason they were down today was because they announced an update to its expected commercial revenue for the first quarter of 2024.

What’s Doing

Far Northern Resources Limited (FNR.asx)
Far Northern Resources will be listing tomorrow at 11am after raising $4.165m @ 20c

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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