What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – M4M, AHF, DEG, MNB, AZ9, RNV, JBY & MTM
What’s Not – GQG
What’s Hot
M4M – Macro Metals Limited today closed up 50% to finish at 1.2c on $240k stock traded. The reason they were up today was because they announced Paramount Earthmoving invested $4m @ 1c for a 10% interest in the company.
Paramount Earthmoving is one of WA’s fastest growing equipment hire companies, specialising in dry hire, wet hire and long-term fleeting solutions for the mining, civil and earth moving industries in WA.
Paramount recently received approval to construct a new workshop facility in Bullsbrook which includes 8,000m2 of undercover area and a total of 40,000m2 of hard stand in the strategically located northern transport corridor.
AHF – Australian Dairy Nutritionals Limited today closed up 32% to finish at 5c on $460k stock traded. There was no news out today and nor has there been since back in October when they released its quarterly report.
Throughout the quarter, AHF entered an exclusive supply partnership with Mutree Science and Technology Limited, for distribution and marketing of AHF infant formula and other products in China.
The supply partnership has an initial term of 5 +5 years and requires a minimum 1st twelve months volume of 100,000 units, which will translate to sales of at least $2.5m over the twelve-month period.
DEG – De Grey Mining Limited today closed up 30% to finish at $1.97 on $93m stock traded. The reason they were up today was because they announced they agreed to be acquired by Northern Star Resources (NST.asx).
De Grey shareholders would receive 0.119 NST shares for every DEG share held which represents a 37.1% premium to the last closing price of $1.52.
Northern Star’s extensive exploration, mine development and operating expertise is expected to unlock the long-term value potential of the 11.2Moz Au Hemi Project located in WA.
MNB – Minbos Resources Limited today closed up 26% to finish at 7.3c on $750k stock traded. The reason they were up today was because they announced the first tranche of funds had been received from The Fundo Soberano of Angola (FDSEA).
The first tranche of US$6.4m was received in its Mauritian subsidiary Phobos which holds the Company’s interest in the Cabinda Phosphate Project.
The second tranche of US$2.43m will be released upon mobilisation of the Civil Contractor and a third tranche of US$1.17m upon finalising project insurances and presentation of supplier quotations for project long lead items.
AZ9 – Asian Battery Metals Limited today closed up 15% to finish at 6.1c on $540k stock traded. The reason they were up today was because they announced further drill results from the Oval Cu-Ni-PGE prospect within its Yambat Project located in the Gobi-Altai region of Mongolia.
Drill hole OVD027 was designed to test a down-hole electromagnetic (DHEM) conductor plate and intercepted 91.8m of combined mineralisation including 6.1m of massive sulphide from 98.2m.
This hole was north of OVD021 which returned assay results of up to 8.8m @ 6.08% Cu, 3.19% Ni, 1.63g/t E3, 0.11% Co (CuEq 12.57%) from 107.2m.
RNV – ReNerve Limited today closed up 12% to finish at 19c on $200k stock traded. The reason they were up today was because they released an investor presentation which highlighted its portfolio of peripheral nerve injury (PNI) repair products.
RNV listed last week after raising $7m @ 20c through the boys and girls at Alpine Capital who were kind enough to offer me some stock.
ReNerve aims to progress its product development and continue the commercialisation and expansion of its NervAlign product range to meet unmet needs in nerve repair and regeneration.
JBY – James Bay Minerals Limited today closed up 10% to finish at 74c on $200k stock traded. There was no news out today but last week they announced exploration results from the newly acquired Independence Gold Project located in Nevada, US.
Rock chips collected from outside the existing mineral resource estimate (MRE) returned assays of up to 31.7g/t Au with 14 samples above 1g/t Au.
Continued mapping of the project will focus on defining additional north-west faults that are likely to have resulted in the historic high-grade rock chip results south of the Moonlight fault.
MTM – MTM Critical Metals Limited today closed up 10% to finish at 9c on $3m stock traded. The reason they were up today was because the MD & CEO Michael Walshe held an investor webinar which obviously got the punters excited, like my broking mate MST who has been keeping me in the loop.
Last week, MTM announced a strategic partnership was formed with Indium Corporation, one of the Western world’s largest suppliers of refined gallium, germanium, indium and other specialty technology metals.
MTM will process scrap materials rich in Ga, Ge, In, and Sn provided by Indium Corporation, with a focus on developing advanced recovery methods using the Flash Joule Heating (FJH) technology.
What’s Not
GQG – GQG Partners Inc today closed down 14% to finish at $2.02 on $59m stock traded. There was no news out today but roughly a fortnight ago they announced they were aware of charges brought by the US Attorney’s Office for the Eastern District of New York and the US Securities and Exchange Commission against Gautam Adani and certain other Adani Group executives and companies.
Gautam Adani, one of the world’s richest men, had been indicted in New York over an alleged multi-billion-dollar scheme to pay $250m in bribes and conceal the scheme from US investors.
Prosecutors charged the chair of Indian conglomerate Adani Group and two other executives of a renewable energy company with securities fraud and conspiring to commit securities and wire fraud, although the bribery charges have now been lifted.
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).