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Friday 21 June 2024

What’s Hot – SUM, COV, NTU, CND, OIL, ATR & 3DA

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

What’s Hot – SUM, COV, NTU, CND, OIL, ATR & 3DA
What’s Not – AGC

What’s Hot
SUM – Summit Minerals Limited today closed up 28% to finish at 25.5c on $1.2m 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, so well done to Sebas & the gang.

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.

COV – Cleo Diagnostics Limited today closed up 25% to finish at 30c on $560k stock traded. There was no news out today but last week they announced a publication of a milestone article on its blood test for the accurate and early detection of ovarian cancer.

The article, entitled ‘Utility of a Multi-Marker Panel with Ultrasound for Enhanced Classification of Adnexal Mass’ was published in peer reviewed medical journal, Cancers.

The benchmarking study compared COV’s ovarian cancer blood test against the current standard clinical workflows that use CA125 and ultrasound to predict malignancy.

NTU – Northern Minerals Limited today closed up 19% to finish at 4.3c on $1m stock traded. There was no news out today but yesterday they announced a notice of disposal orders made from the Foreign Acquisitions and Takeovers department.

The Federal Treasurer, Jim Chalmers (jimmy to his mates), has made an instrument (whatever that is) outlining the requirement for 5 existing shareholders linked to China to divest a total of 613.5m shares (approximately 10.4% of the issued capital) within a 60-day period from the date of the instrument.

The treasurer last year had also signed an order blocking Singapore-registered Yuxiao Fund from nearly doubling its stake in Northern Minerals Limited after the FIRB recommended the application be turned down.

CND – Condor Energy Limited today closed up 19% to finish at 4.4c on $1.6m stock traded. The reason they were up today was because they announced an update on exploration progress at its technical evaluation agreement (TEA) located offshore Peru.

Maturation mapping completed at the TEA shows that at least two source rock intervals are present being the Raya and Bonito prospects.

Both prospects are large features in the Zorritos Formation, which present structural closure at multiple levels and the potential for stacked pay with multiple Zorritos reservoir-seal pairs present.

OIL – Optiscan Imaging Limited today closed up 13% to finish at 13.5c on $500k stock traded. The reason they were up today was because they announced the reveal of its ground-breaking new microscopic medical imaging device, InVue.

InVue is designed to enable precision surgery by putting real-time digital pathology access directly into the hands of surgeons.

Leveraging its patented technology, the device is designed to be used by surgeons to gain immediate pathology insights in the operating theatre, to enable on-the-spot decision making, treatment adjustments and precision surgery.

ATR – Astron Resources Limited today closed up 12% to finish at 73c on $170k stock traded. The reason they were up today was because they announced the execution of a joint venture agreement with Energy Fuels for its Donald Rare Earths and Mineral Sands Project located in Western Victoria.

Energy Fuels is the leading producer of uranium in the US, they recently began the production of advanced rare earth element materials, including mixed REE carbonate, and plans to produce commercial quantities of separated REE oxides.

Energy Fuels will contribute $183m to the development of the Phase 1 Project and will issue Astron with US$17.5m in scrip for a 49% interest in the project.

3DA – Amaero International Limited today closed up 10% to finish at 43.5c on $180k stock traded. The reason they were up today was because they announced the commissioning of its atomiser was completed ahead of schedule.

The atomiser was installed and tested in accordance with technical specifications in the purchase agreement, 3DA’s technical and manufacturing team will now commence proprietary modifications of the atomisation process and optimization of the operating parameters.

This important milestone helps position Amaero as the largest U.S. domestic producer of C103 and specialty alloy AM powders.

What’s Not
AGC – Australian Gold and Copper Limited today closed down 15% to finish at 41c on $1.9m stock traded. The reason they were down today was because they announced assay results from the Achilles Prospect within its Cargelligo Project located in Cobar, NSW.

The final silver result for hole A3RC030 from the 115-116m interval has been returned at 3,970 g/t silver.

The full assay results for A3RC030 now stands at 43m @ 2.2g/t Au, 219g/t Ag & 3.6% Pb+Zn from 99m including 5m @ 16.9g/t Au, 1,667g/t Ag, 0.4% Cu, 15.0% Pb+Zn from 112m.

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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