What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – WLD, OB1, MEU, AI1, SHG, CCX & IMC
What’s Not – RAT
What’s Hot
WLD – Wellard Limited today closed up 105% to finish at 15c on $1.4m stock traded. The reason they were up today was because they announced a binding contract was signed with Meteors Shipping to sell its remaining livestock vessel, the M/V Ocean Drover for US$50m (A$81.2m).
Meteors Shipping is a Marshall Islands company controlled by Göktaşlar, a significant Turkish agribusiness with which Wellard has conducted successful business with for some time.
Wellard currently has confirmed charters for the Vessel until June, and subject to fulfilment of all conditions, expects completion of the sale to occur in July.
OB1 – Orbminco Limited today closed up 33% to finish at 0.2c on $69k stock traded. The reason they were up today was because they announced assay results from its Bronze Fox Copper-Gold Porphyry Project located in Southern Mongolia.
Drilling was designed to infill and extend the existing West Kasulu mineral resource estimate (MRE) which contains 194Mt @ 0.26% copper equivalent (CuEq) at a 0.2% CuEq cut off.
Drilling confirmed the expansion and high-grade potential of West Kasulu with some of the best assays including 26m @ 0.91% CuEq from 14m & 486m @ 0.21% CuEq from 352m.
MEU – Marmota Limited today closed up 21% to finish at 5.7c on $700k stock traded. The reason they were up today was because they announced metallurgical results from its Titanium discovery at the Muckanippie Project located in South Australia.
An initial test work program has yielded outstanding heavy mineral (HM) concentrates including 28m @ 19.2% HM from surface including 4m @ 22.2% HM.
Every hole at Muckanippie has returned bonanza Heavy Mineral (HM) concentrations and intercept thicknesses.
AI1 – Adisyn Limited today closed up 20% to finish at 8.4c on $600k stock traded. There was no news out today but last week they announced the acquisition of 2D Generation was completed.
2DG has developed a patented solution allowing graphene coating at sub-300 degrees centigrade, an achievement that has never been successfully completed prior to 2DG.
This opens the door to the next generation of semiconductors capable of further miniaturization, lower power consumption, less heat and greater computational power.
SHG – Singular Health Group Limited today closed up 16% to finish at 25c on $500k stock traded. There was no news out today but not long before Christmas they announced the appointment of Dr Ronny Low as technical advisor.
Dr Low is an active member of the Royal Australian and New Zealand College of Radiologists (RANZCR) and has over 20 years of clinical experience in both large public hospitals and private radiology groups.
Dr Low was instrumental in growing Envision Medical Imaging prior to it being sold to a larger private equity owned group in 2022.
CCX – City Chic Collective Limited today closed up 15% to finish at 11c on $1.1m stock traded. The reason they were up today was because they released a trading update which highlighted a 8.5% increase in gross margins on the previous corresponding period (pcp).
City Chic Collective is a global omni-channel retailer specialising in better dressing plus-size women’s apparel, footwear and accessories.
Group sales revenue for 1H FY25 is expected to be down approximately 3.6% to $69.5m compared to the pcp, although the ANZ (Australia & NZ) business has seen a 2.8% increase in revenue growth to $55.3m.
IMC – Immuron Limited today closed up 14% to finish at 9.8c on $330k stock traded. The reason they were up today was because they announced the submission of a clinical study report to the FDA.
The submission is for the recently completed Phase 2 study for Travelan (IMM-124E) and will soon request an end of Phase 2 meeting which is a pre-cursor to proceeding to Phase 3.
The Phase 2 clinical study was a randomized, double-blind, placebo-controlled trial assessing the efficacy of IMM-124E (Travelan) in a controlled human infection model for Enterotoxigenic Escherichia Coli (ETEC).
What’s Not
RAT – Yep that’s me but really there wasn’t many if any stocks that were down 10% or more today on volume.
Other than go fishing I reckon, good chance I am on the boat this evening with Captain Gaywood & young Wheelbarrow, chasing Kingies off wedding cake.
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).