What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – MSG, DGR, AI1, C29, SLB, FEG, OSX, IVR & BGD
What’s Not – DRO
What’s Hot
MSG – MCS Services Limited today closed up 400% to finish at 0.5c on $130k stock traded. There was no news out today but during lunchtime they were handed a speeding ticket after increasing 300%.
MSG responded that they were unaware of any unknown information, however noted that its recent market cap has been very low and traders may have seen this as a trading opportunity.
Before today’s share price increase, MSG was trading with a market cap of $198k, or about the same price as a Porsche 911 S/T or a Prawn multi.
DGR – DGR Global Limited today closed up 233% to finish at 3c on $1.7m stock traded. The reason they were up today was because they announced its 6.6% owned SolGold had entered into a gold only streaming agreement.
The gold streaming agreement is with a syndicate comprising 2/3 Franco Nevada and 1/3 Osisko Royalties for the provision of US$100m in short-term funding to progress the flagship Cascabel copper Gold in northern Ecuador.
The funding package endorses the US$3.2B NPV and after-tax rate of return of 24% in SolGold’s March 2024 PFS which adopts conservative metals prices of copper at $3.85/lb ($4.51 right now) and gold at $1750/oz ($2,427).
AI1 – Adisyn Limited today closed up another 33% to finish at 4.4c on $120k stock traded. There was no news out today but yesterday they announced a binding collaboration agreement was entered into with 2D Generation Ltd, which you would have read in here last night.
2D Generation is an Israeli high-tech company specialising in graphene-based solutions for the semiconductor industry.
The collaboration is poised to advance the development of high-performance, energy-efficient semiconductor solutions crucial for AI and data centres.
C29 – C29 Metals Limited today closed up another 26% to finish at 12c on $100k stock traded. There was no news out today and nor has there been since back in April when they released its quarterly report which highlighted the acquisition of the Ulytau Uranium Project located in Kazakhstan.
The Ulytau Uranium Project contains a non-JORC foreign estimate of 9.85M/lbs @ 2,790ppm U3O8 with multiple foreign drill intersects greater than 40m in width and above 6,000ppm U308 from 3m.
C29 will immediately commence ground geological works through its established in country network, including identification of historic drill collars, field mapping and further technical document & data translation to establish a new geological database.
SLB – Stellar Metals Limited today closed up 22% to finish at 8.8c on $1.3m stock traded. The reason they were up today was because they announced exploration results from its Baratta Copper Project located in South Australia.
Rock chips collected along the 3-kilometre strike length of the gossans sampled in June have returned high-grade copper assays of up to 28.7% copper.
Additional sampling will be undertaken in July along the 7-kilometre strike of the prospective Baratta Copper Area.
FEG – Far East Gold Limited today closed up 21% to finish at 17c on $140k stock traded. There was no news out today but yesterday they announced the acquisition of up to 100% of the advanced high grade highly prospective Idenburg gold project located in Indonesia.
Idenburg is an advanced project with over US$25M in historical exploration including over 5,531 meters of diamond drilling.
An independent exploration report completed by SMGC in June suggests an upside exploration target of up to 7.2 Moz at up to 6.1 g/t Au.
OSX – Osteopore Limited today closed up 16% to finish at 6.5c on $3.3m stock traded. The reason they were up today was because they announced an exclusive distribution agreement was signed with Zimmer to distribute craniofacial products in Europe, the Middle East, Africa (EMEA) and Asia Pacific (APAC).
Craniofacial surgery is a term used to describe a variety of surgical procedures used in the treatment of patients with anomalies in the structure of the face, jaws and skull.
Zimmer Biomet (US$21.9b market cap) is a publicly listed medical technology company, ranked 19th in the Top 100 medical device companies globally.
IVR – Investigator Resources Limited today closed up 10% to finish at 5.3c on $340k stock traded. The reason they were up today was because they announced assay results from its Stuart Shelf joint venture located in South Australia.
Preliminary results from wide spaced RC drilling have returned up to 8m @ 1.06% Cu from 62m, stratabound mineralisation with intersections >0.3% Cu intersected across more than 2km.
High grade mineralisation is open to the south-east, with potential for scale down-dip of drill hole.
BGD – Barton Gold Holdings Limited today closed up 10% to finish at 27.5c on $580k stock traded. The reason they were up today was because they announced scoping study results for its Tunkillia Gold Project located in South Australia.
The scoping study is based on a potential 5Mtpa bulk open pit mining and processing model targeting capital economies of scale.
The scoping study has evaluated Tunkillia on a standalone basis, with the process plant and associated process infrastructure delivered via an EPC contract and mining performed by a third-party contractor.
What’s Not
DRO – Droneshield Limited today closed down 22% to finish at $2.02 on $154m stock traded. There was no news out today but roughly a month ago they announced a $4.7m contract was awarded from a new non-government Swiss international customer.
DRO will provide multiple vehicle-based counterdrone-drone (C-UxS) systems that can be operated in both static and on-the-move (OTM) missions for convoy and mobile VIP protection.
Payments are expected to be received throughout 2024, with the final payment expected in Q1CY25.
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).