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Friday 21 June 2024

What’s Hot – LTP, AUC, DRE, SUM, LV1, SER, ICL & TOR

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

What’s Hot – LTP, AUC, DRE, SUM, LV1, SER, ICL & TOR
What’s Not – GRV

What’s Hot
LTP – LTR Pharma Limited today closed up 26% to finish at 80.5c on $5.2m stock traded. The reason they were up today was because 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.

AUC – Ausgold Limited today closed up 22% to finish at 3.9c on $1.1m stock traded. There was no news out today but yesterday they announced a placement to raise $38m @ 3c through SCP Resource Finance, Arlington Group & Euroz Hartleys.

The placement was cornerstoned by Jupiter Asset Management & Dundee Corporation, while the newly appointed executive chairman Mr John Doward subscribed for $1m himself.

The funds raised will primarily be used for ongoing work programs at its 100%-owned 3.04Moz Katanning Gold Project located in WA, through to a final investment decision (FID).

DRE – Dreadnought Resources Limited today closed up 18% to finish at 2c on $1.4m stock traded. There was no news out today but yesterday they announced exploration results from the Gifford Creek Carbonatite within its Mangaroon Project located in WA.

Significant intercepts from the Gifford Creek Carbonatite include 48m @ 0.8% Nb2O5 from 30m including 36m @ 1.0% Nb2O5 from 39m.

Recent mineralogical work has confirmed that the dominant niobium mineral is pyrochlore, which is a high niobium mineral (>50%) from which ~95% of global niobium is produced.

SUM – Summit Minerals Limited today closed up 16% to finish at 29.5c on $2.7m stock traded. There was no news out today but last week they announced a placement to raise $2m @ 18.5c through the boys and girls at GBA Capital.

The fund raised will be used to accelerate exploration activities at its recently acquired Niobium and REE projects in Brazil, namely the Equador and Juazeiro Prospect’s which have had historical near surface artisanal activities for Niobium and Tantalum.

Summits’ managing director Gower He, completed a successful community engagement and project site visit, strengthening its in-country presence.

LV1 – Live Verdure Limited today closed up 16% to finish at 52c on $250k stock traded. There was no news out today but on Wednesday they announced an update on the AI Enablement proof of concept (POC) being deployed in the Edible Beauty business with Decidr technology.

Stage 1 development consisting of scoping, knowledge task capture and workflow selection has been successfully completed and the project is on-track for Stage 2 release in the next quarter.

This POC using Decidr technology supports their dual-track strategy of AI enablement and focus on developing advanced customer acquisition, retention analytics and processes.

SER – Strategic Energy Resources Limited today closed up another 13% to finish at 1.7c on $270k stock traded. There was no news out today but roughly a fortnight ago they announced a placement to raise $2m @ 1.1c through the boys and girls at Bell Potter.

The placement was cornerstoned by respected resources investment funds Datt Capital and Lowell Resources Fund.

Mr Tony Gu, a nominee of Datt Capital has been appointed as a non-executive director, he brings over a decade of experience in capital markets and investor relations.

The funds raised will be used to explore the Achilles 1 Polymetallic Prospect and its broader South Cobar Project, along with advancing other exploration assets.

ICL – Iceni Gold Limited today closed up 13% to finish at 7.9c on $200k stock traded. There was no news out today but yesterday they announced an exploration update for the Christmas Gift prospect within its 14 Mile Well Gold Project located in WA.

Further fieldwork in the priority Everleigh Well target area has extended the host shear structure, as well as returning additional gold bearing quartz veinlets and high-grade gold rock chip results.

The additional rock chip assays returned up to 158g/t Au from newly exposed sample trenches, continuing on from previously announced assays of up to 18,207g/t Au.

TOR – Torque Metals Limited today closed up 13% to finish at 22c on $420k stock traded. There was no news out today but last month they announced drilling was completed at its Paris Gold Project located in WA.

Drilling successfully extended mineralisation which was previously identified, previous intersections include up to 35m @ 14.12 g/t gold.

The Paris Gold Project reveals potential to host multiple deposits within a larger mineralised system characterised by parallel structures (2.5km by 1km and open) and splays under the control of the Boulder Lefroy System.

Samples from the recently completed 10,000m drilling program have been submitted for assay, TOR anticipates that the first results should be available by late May into early June.

What’s Not
GRV – Greenvale Energy Limited today closed down 40% to finish at 5.1c on $230k stock traded. The reason they were down today was because they announced a share purchase plan to raise $1.9m @ 5c.

Greenvale will also be issuing 18.5m shares to Pioneer Resources Partners as a way of paying $1m off its $3.287m facility.

GRV is exploring alternative funding sources to repay the facility, however, the main priority at the moment is to ensure the Company’s ongoing financial stability while continuing to advance its key projects as rapidly as possible.

Greenvale recently completed a farm-in agreement to earn a 75% interest in EP145 in the Amadeus Basin in Central Australia.

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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