Alpha Recommendation: Buy – Elevate Uranium Ltd (EL8)
The recent legislative changes in the U.S., banning the import of Russian enriched uranium, have precipitated a notable shift in the uranium market dynamics.
Alpha Recommendations
Alpha & Balanced Portfolio Recommendation: Add 1.5% Liontown Resources Ltd (LTR)
Liontown Resources’ March 2024 Quarterly Activities Report highlights substantial progress at the Kathleen Valley Lithium Project, currently 90% complete in process plant construction and over 85% overall project completion.
Alpha Recommendation: Close – Crude Oil ETF (OOO)
Betashares Crude Oil Index ETF – Currency Hedged (Synthetic) (OOO) is an exchange traded fund seeking to provide investment results that correspond to the price and yield performance of the S&P GSCI Crude Oil Index (the Underlying Index), with a currency hedge against movements in the AUD/USD exchange rate. The responsible entity is BetaShares Capital Limited.
Alpha Recommendation: Buy – Crude Oil ETF (OOO)
Betashares Crude Oil Index ETF – Currency Hedged (Synthetic) (OOO) is an exchange traded fund seeking to provide investment results that correspond to the price and yield performance of the S&P GSCI Crude Oil Index (the Underlying Index), with a currency hedge against movements in the AUD/USD exchange rate. The responsible entity is BetaShares Capital Limited.
Alpha Recommendation: Buy – Westgold Resources (WGX)
Westgold Resources Limited (WGX) is a West Australian gold producer located in the Murchison and Bryah regions of WA. The Company has tenure of more than 1,300 sq.km. and operates four underground mines and three processing plants with an installed processing capacity of approximately four million tonnes per annum.
Alpha Recommendation: Sell Take Profit – Droneshield (DRO)
Our initial buy recommendation was at $0.72. Since then, DRO has experienced a decent upside move, largely due to the escalating situation in the Middle East, which has amplified the need for DroneShield’s offerings. With the share price now touching $0.95, our designated exit point, we have achieved a profit of 31.95%.
Alpha Recommendation: Strategy Update – Droneshield (DRO)
Increase Price Target to $1.05 (+45%)
Alpha Recommendation: Buy – Electro Optic Systems Holdings Ltd (EOS)
EOS’s record revenue of $219.3 million, along with its successful A$35 million institutional placement, underscores its robust financial health and growth trajectory. The company’s strategic focus on expanding its defense technology portfolio, especially in counter-drone and space warfare,
Alpha Recommendation: Buy Hillgrove Resources (HGO)
Hillgrove Resources Limited (HGO) is an Australian mining company listed on the Australian Securities Exchange and focused on the development of the Kanmantoo Underground Copper Mine in South Australia and mineral exploration in the south-east of South Australia. The Kanmantoo Copper Mine is located 55km from Adelaide in South Australia
Alpha Recommendation: Buy – Droneshield (DRO)
DroneShield (DRO) provides Artificial Intelligence based platforms for protection against advanced threats such as drones and autonomous systems. They offer customers bespoke counterdrone & electronic warfare solutions and off-the-shelf products designed to suit a variety of terrestrial, maritime or airborne platforms. Customers include military, intelligence community, Government, law enforcement, critical infrastructure, and airports.
Alpha Recommendation: Sell Take Profit on Half – Judo Capital (JDO)
JDO has reached it’s technical level on the upside, there is still reason to remain in the trade due to been a potential takeover target. So we are taking off half our position.
Alpha Recommendation: Stop Loss Hit- PeopleIn (PPE)
Upon reviewing PeopleIn’s first-half FY24 earnings, we recommend exiting our position. Despite a record revenue of $602.7 million, the company faced a significant decline in profitability, with EBITDA and NPATA down by 37.7% and 34.3%, respectively. This downturn is attributed to a shift towards lower-margin work and a decrease in permanent recruitment, particularly in the tech sector. Although PeopleIn has implemented cost-saving measures, the current financial challenges, exacerbated by tough market conditions, suggest a prudent move to mitigate risks.