Wednesday 26 June 2024

What’s Hot – SER, KED, M4M, PSC, ADR, PH2 & RNX

What’s Hot – SER, KED, M4M, PSC, ADR, PH2 & RNX
What’s Not – NRZ

What’s Hot
SER – Strategic Energy Resources Limited today closed up another 113% to finish at 3.4c on $4.8m stock traded. There was no news out today but yesterday 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, who are both yet to send me an order at the new joint.

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.

KED – Keypath Education International Limited today closed up 55% to finish at 83c on $430k stock traded. The reason they were up today was because they announced a definitive merger agreement was entered with an affiliate of Sterling Partners.

Sterling Partners is a diversified investment management firm, its institutional fund practice focused primarily on control investments in founder-run, middle market companies in the healthcare services, education, and business services sectors.

Subject to the terms and conditions of the merger agreement, Sterling Partners has proposed to acquire Keypath for 87c in cash.

M4M – Macro Metals Limited today closed up 31% to finish at 3.8c on $2.3m stock traded. There was no news out today but roughly a fortnight ago they announced the appointment of Tolga Kumova as Chairperson, sometimes known in here as Come on Over my house to keep him annoymous.

Smart guy, nice guy, family man, reads this rag from time to time & can sniff out a ten bhagger better than most (like this one) as they entered in early March and you can do the math’s.

The Board has determined that further commitment of resources to its Agbaja integrated iron and steel project located in Nigeria is not aligned with its strategic focus on becoming a Pilbara based iron ore producer.

PSC – Prospect Resources Limited today closed up 25% to finish at 20c on $900k stock traded. There was no news out today but roughly a month ago they announced the acquisition of an 85% interest in the Mumbezhi Copper Project located in Zambia.

Mumbezhi is prospective for large tonnage, low-to-medium grade copper-cobalt deposits, there are several major mines close to Mumbezhi which are hosted by similar geological settings.

Drilling completed back in 2021 intersected up to 71.4m @ 0.61% Cu from 29.6m & 90m @ 0.46% Cu from 12m.

ADR – Adherium Limited today closed up 21% to finish at 2.3c on $780k stock traded. The reason they were up today was because they announced AstraZeneca had selected its Hailie Smartinhaler platform for a clinical trial.

AstraZeneca’s inhaled medication use will be recorded and transferred via the Hailie Smartinhaler devices to aid the collection of objective data.

The contract is valued at $1.1m over the course of three years, although I’m sure if AstraZeneca likes the product, you could add a few zeros onto that contract.

PH2 – Pure Hydrogen Corporation Limited today closed up 17% to finish at 24c on $1.5m stock traded. There was no news out today but on Tuesday they announced its 40% owned Turquoise Group reported that it has successfully produced both hydrogen and graphene powder.

The hydrogen and graphene powder were produced from its commercial demonstration plant (CDP) located in Brisbane, using natural gas (methane) as feedstock.

The preliminary testing of solid carbon production at the CDP demonstrates its potential as a sustainable technology capable of producing bulk-quantities of high-quality graphene powder.

RNX – Renegade Exploration Limited today closed up 11% to finish at 2.1c on $260k stock traded. There was no news out today but on Tuesday they announced drilling had commenced at the Mongoose Deeps magnetic-gravity anomaly within its Cloncurry Project located in north QLD.

Drilling will take approximately six to eight weeks and will test to a depth of 1,600m, all permitting has been completed and all clearances have been received.

Previous drilling at Mongoose has returned intersections of up to 27m @ 2.2 % Cu, 0.35 g/t Au from 84m including 10m @ 5.4 % Cu, 0.88 g/t Au.

Mongoose currently contains an inferred mineral resource estimate of 3.1 Mt @ 0.55 % Cu and 0.07 g/t Au for 17Kt Cu and 7.3Koz Au.

What’s Not
NRZ – NeuRizer Limited today closed down 33% to finish at 0.2c on $670k stock traded. There was no news out today but late last month they released its quarterly which revealed the undertaking of a comprehensive review of its ongoing expenditure.

NRZ is working to finalise the relocation of its business premises to a smaller tenancy that is more suitable in the same building so as to make significant annual savings.

There were 248m shares which were issued today at 0.1c, whoever was issued that stock it looks like they dumped the whole lot at 0.2c, it was soaked up by the market for a nice $248k profit.

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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