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Thursday 25 July 2024

What’s Hot – TM1, GYG, CBL, BTR, ARN & SUM

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

What’s Hot – TM1, GYG, CBL, BTR, ARN & SUM
What’s Not – FCT

What’s Hot
TM1 – Terra Metals Limited today closed up 135% to finish at 7.3c on $7.8m stock traded. The reason they were up today was because they announced assay results from its Dante Project located in WA.

Drilling has confirmed Dante Reefs to potentially host a large sulphide deposit containing copper, gold, PGEs, vanadium and titanium.

The first drill program has returned assays up to 6m @ 0.40% Cu, 0.79g/t PGE3, 0.66% V2O5, & 19.9% TiO2 from 4m.

16 out of the first 17 drillholes drilled over 3km of Strike at Reef 1 (Crius) and 1.5km of strike at Reef 2 (Hyperion) have intersected Platreef-style stratiform magmatic copper-PGE sulphides.

GYG – Guzman Y Gomez Limited today closed up 36% to finish at $30 on $114m stock traded. The reason they were up today was because they listed after raising $335.1m @ $22 through the boys and girls at Barrenjoey Markets & Morgan Stanley.

GYG is one of Australia’s fastest growing quick service restaurants (QSR) businesses, since opening its first restaurant in Sydney in 2006, GYG has expanded its network to 210 restaurants across four countries.

GYG expects pro forma EBITDA to grow from $29.3m in FY23 to $59.9m by FY25, its current market cap is sitting over $3 billion.

CBL – Control Bionics Limited today closed up 33% to finish at 5.7c on $1.2m stock traded. The reason they were up today was because they announced TGA Approval was granted for its DROVE Autonomous Wheelchair Module.

Control Bionics now has the ability to commence commercial sales of the DROVE module in Australia with the official launch in the coming weeks.

DROVE is designed and manufactured in Australia, to provide powered wheelchair users with unprecedented independence and ease of use within their own homes.

CBL’s core patented NeuroNode technology is a wireless, wearable device that detects minute signals sent from the brain to any skeletal muscle, capturing EMG (Electromyography) output.

BTR – Brightstar Resources Limited today closed up 27% to finish at 1.9c on $1.8m stock traded. There was no news out today but roughly a fortnight ago they announced assay results from the Link Zone deposit within its Menzies Gold Project located in WA.

Drilling confirmed mineralisation within and outside optimised pit shells at shallow depths with assays of up to 9m @ 4.4 g/t Au from 18m including 1m @ 29.1 g/t Au from 18m.

Link Zone is located ~1km south of the 287k oz Lady Shenton deposit and ~1km north of the 43k oz Lady Harriet System.

ARN – Aldoro Resources Limited today closed up 21% to finish at 8c on $160k stock traded. The reason they were up today was because they announced exploration results from its Kameelburg Carbonatite Project located in Namibia.

Rock chip samples collected from various beforsite and mafic dykes have returned assays of up to 10.38% Nb2O5 and 9.89% TREO.

The geological mapping and rock chip sampling will form the basis in targeting drill collars for the upcoming maiden 2000m REE & Niobium diamond drilling program.

SUM – Summit Minerals Limited today closed up 14% to finish at 50c on $6m stock traded. There was no news out today but last week they announced rock chip assays from its Equador Project located in Brazil.

The assays have confirmed high grade niobium and tantalum over a 1.2km strike length with highlights of 40.84% Nb2O5, 34.16% Ta2O5 & 9,070 ppm partial rare earth oxides (PREO).

Assays have now been sent to another lab so that a full suite analysis on the sample can be contacted, enabling them to announce the TREO percentage as well as potentially other elements contained within the samples.

What’s Not
FCT – Firstwave Cloud Technology Limited today closed down 17% to finish at 1c on $190k stock traded. There was no news out today but last week they announced the receipt of a contract extension and uplift.

FCT currently has a professional services agreement (PSA) with Telstra who has extended and uplifted a contract with its largest customer for FirstWave’s CyberCision cybersecurity-as-a-service platform.

As a result, FirstWave’s revenue is contracted to grow by approximately 20% in FY25.

Firstwave’s share price has now halved since late May and down 75% since the beginning of the year.

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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