ASX Small-cap Discussion: TSC, LSR, FEL, 4CE, RTG, BCK, BRV

  • Jan 09, 2020 AEDT
  • Team Kalkine
ASX Small-cap Discussion: TSC, LSR, FEL, 4CE, RTG, BCK, BRV

Small-cap companies possess lower market capitalisation and are risky investments compared to large-cap and mid-cap. However, these companies also offer a huge volume of shares as their share prices are low. In this article, we have covered some small cap companies. Let’s have a look at the companies with their recent updates:

Twenty Seven Co. Limited (ASX:TSC)

Twenty-Seven Co. Limited is involved in minerals exploration through licenses in Western Australia, New South Wales, Northern Territory and South Australia.

The company recently announced that it had successfully finished its inaugural drill campaign which included 17 RC holes for 1,482m throughout the Creasy 1 & 2 prospects.

  • Creasy 1: The focus was on priority gold targets, with 15 drill-holes finished along a 2.7km section of the Illara shear zone in the Maynard hills greenstone belt.
  • Creasy 2: Focus was on a VMS target near the 20 km gold strike
  • The company reported significant drilling results at Creasy 1, which include:
  • 3m @ 20.1g/t Au from 51m (19RVRC006)
  • 3m @ 14.8g/t Au from 57m (19RVRC001)
  • 15m @ 1.4g/t Au from 18m (19RVRC008)
  • including 3m @ 3.1g/t Au and 16.8g/t Ag
  • 9m @ 1.8g/t Au from 57m (19RVRC007)
  • Including 3m @ 4.0 g/t Au
  • 3m @ 1.5g/t Au from 36m (19RVRC013)
  • 3m @ 3.3g/t Au from 102m (19RVRC014)

TSC stock was trading at $0.011 on 9 January 2020 (at 03:08 PM AEDT), an increase of 10% compared to previous day’s closing price. The stock delivered returns of 100% and 400% in the span of three months and six months, respectively.

Lodestar Minerals Limited (ASX:LSR)

Metals & Mining company Lodestar Minerals Limited is an active West Australian exploration company with a primary focus on the discovery of copper, gold, and base metals such as zinc and lead.

Lodestar Minerals Limited is engaged in the exploration and evaluation of base metals. The company recently announced that Ross Taylor has made a change to substantial holdings in the company on 16 December 2019 and the current voting power stands at 25.26% as compared to the previous voting power of 28.76%.

In another update, the company notified the market that it has placed 103,571,429 fully paid ordinary shares in the capital of LSR. The company also advised that 75 million shares of the placement would be made to its Joint venture partner, Vango Mining Limited, at a 0.8 cps issue price.

The company would utilise the funds raised to advance exploration over the Camel Hills project of the company as well as for working capital purpose.

LSR stock was trading at $0.013 on 9 January 2020 (at 03:08 PM AEDT), a decline of 7.692% compared to previous day’s closing price. The stock delivered returns of 44.44% and 85.71% in the span of three months and six months, respectively.

FE Limited (ASX:FEL)

FE Limited is engaged in the exploration and development of minerals including battery metals, gold, copper, base metals and iron ore. The company recently announced that Mark Hancock, a director of the company, had made a change to his holdings in the company by acquiring 2,500,000 Unlisted options exercisable at $0.02 each, which will expire on 31 May 2021.

In another update, FE announced that it had inked a sale and purchase agreement with Westgold Resources Limited’s subsidiary Aragon Resources Pty Ltd to sell its 20% interest in tenements E52/1671 and E52/1659, for ~$0.4 million.

According to the terms of the Agreement, the company would receive 200,000 fully paid ordinary shares in Westgold Resources Limited on the completion of the transaction.

FEL stock was trading at $0.015 on 9 January 2020 (at 03:08 PM AEDT), in line with the previous day’s closing price. The stock delivered negative returns of 21.05% and 11.76% in the span of three months and six months, respectively.

Force Commodities Limited (ASX:4CE)

Force Commodities Limited is focused on advanced African-based mining and metal opportunities. The company recently announced that a director, Jason Paul Brewer had acquired 400,000 fully paid ordinary shares at the consideration of $5,391.61. In another update, the company announced that it had secured a debt and an equity funding package worth $3.5 million mainly for advancing the development and construction of the high-grade lead and silver Tshimpala Project.

4CE stock was trading at $0.011 on 9 January 2020 (at 03:08 PM AEDT), a decline of 8.333% compared to the previous day’s closing price. The stock delivered negative returns of 25.00% and 14.29% in the span of three months and six months, respectively.

RTG Mining Inc (ASX:RTG)

RTG Mining Inc is a mining company engaged in the exploration and development of gold, copper and magnetite projects. At present, the company is engaged in the exploration of the Philippines-based Bunawan Project and the development of Mabilo Project.

RTG Mining Inc is involved in the exploration and development of high-grade gold projects with a low operating cost. The company recently announced that it had entered into binding Memorandum of Agreement with the two priority applicants, GMG Global Mining Group Limited and Tribune Mt. Kare Limited, to acquire a majority 80% stake in the Mt Kare Gold Project if successful in obtaining the new exploration licence.

RTG stock was trading at $0.100 on 9 January 2020 (at 03:08 PM AEDT), a decline of 9.091% compared to the previous day’s closing price. The stock delivered returns of 50.68% and 34.15% in the span of three months and six months, respectively.

Brockman Mining Limited (ASX:BCK)

Brockman Mining Limited is an investment holding company primarily involved in exploration, processing and sales of mineral resources. The company recently announced that a director, Kwai Sze Hoi had made a change to his holdings in the company by acquiring 340,000 shares on?market purchase. For the quarter ended 30 September 2019, the consolidated cash balance of the group stood at HK$14.7 million.

BCK stock was trading at $0.032 on 9 January 2020 (at 03:08 PM AEDT), an increase of 6.667% compared to the previous day’s closing price. The stock delivered returns of 7.14% and -9.09% in the span of three months and six months, respectively.

Big River Gold Ltd (ASX:BRV)

ASX-listed Big River Gold Ltd is a mineral exploration and development entity. The company emphasises on further development of Brazil’s Borborema Gold Project. In addition, Big River projects include the Central-Brazil located Manga Lithium project and Portugal-located Gaia lithium project.

Big River Gold Ltd is engaged in the exploration of gold and base metals. The company recently updated the market with the on-time completion of a definitive feasibility study for the Borborema Gold Project reflecting the economic viability as well as the robustness of the Project. Big River added that Borborema would be a standalone gold mine with an initial mine life of 10.2 years producing around 729,000 ounces of gold with strong profit margins.

BCK stock was trading at $0.019 on 9 January 2020 (at 03:08 PM AEDT), in line with the previous day’s closing price. The stock delivered returns of 5.56% and 111.11% in the span of three months and six months, respectively.


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