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Tony's Takeaway: Surfs up on the quarterly wrap wave

Tony's Takeaway: Surfs up on the quarterly wrap wave

Mercury06-05-2025
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News.
Tony Locantro has been a client advisor/investment manager in the stockbroking industry since 1998. He's focused on the small cap and emerging companies with a strong interest in identifying those in the mining, biotech and industrial sectors that offer growth potential.
He also delves into the psychology of speculation and provides regular insights on a number of social media and finance related outlets.
Tony Locantro returns to the desk after a pit stop in Sanur, Indonesia, where he has learned the art of riding the quarterly wave.
Tune in to hear Tony provide his recap of which quarterlies caught his eye, and more.
The views, information, or opinions expressed in this video are solely those of the author and do not represent the views of Stockhead.
Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this video. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
While Spartan Resources and Dimerix are Stockhead advertisers, they did not sponsor this content.
Originally published as Tony's Takeaway: Surfs up on the quarterly wrap wave
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Glenburgh gold gets Benz revved up
Glenburgh gold gets Benz revved up

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Glenburgh gold gets Benz revved up

Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 'Garimpeiro' columnist Barry FitzGerald has covered the resources industry for 35 years. Now he's sharing the benefits of his experience with Stockhead readers. Euroz Hartleys resources analyst Kyle De Souza has shown he has a dab hand at writing headlines for his research reports. His recent tome on the dual-listed gold explorer Benz Mining Corp (ASX:BNZ) was titled 'BNZ: Spartan had a baby. Named it Benz.' It was a neat way of highlighting that Spartan Resources (ASX:SPR) of Dalgranaga/Never Never/Pepper fame in WA – and now the subject of a friendly takeover by Ramelius Resources (ASX:RMS) – sold Benz its non-core but advanced Glenburgh and Mt Egerton gold projects in WA's Gascoyne for shares and some cash, giving Spartan 14.9% of Benz. Announced in November last year and taking effect in mid-January, the acquisition has led to Benz motoring from 26c a CDI (Toronto is its home market) in November to 34c in mid-January, and 53c mid-week for a market cap of $134 million. Now Benz should have been motoring anyway on the strength of its 1Moz high-grade gold resource at its Eastmain project in Quebec due to gold prices taking off this year. But it is the unfolding potential at Glenburgh – 285km east of Carnarvon – that has fired up interest in the stock. Glenburgh: A history Glenburgh was considered a development option back in 2015 for Spartan when it was known as Gascoyne but it was pretty much parked up when Dalgaranga in WA's Murchison region was developed. Benz picked up Glenburgh with a restated 510,000oz resource grading 1g/t gold. But it was recognised as being underexplored with the potential for more high-grade shoots, which is what Benz is now pursuing in an aggressive and fully-funded drilling program, with impressive results starting to flow (including 10m at 12.9g/t from 299m). De Souza is a big wrap for Glenburgh, saying 'grades and thicknesses like this continue to demonstrate the capability for this project to exceed expectations.' He has an 81c target price on the stock. (The firm was lead manager to a Benz equity raising at 40c and has disclosed it has received fees for corporate advice). When Garimpeiro says De Souza is a big wrap for Glenburgh he wasn't joking. In his June 30 research note on the stock De Souza mused that it can be hard to differentiate in the junior explorer world between what is a real 'discovery' and what is not. 'Whilst some get lucky on 'one hit wonders' – most end up with subsequent 'dusters' and erosion of wealth,' he said. 'The real value in exploration is picking companies with assets that have the potential to sustain production profiles of more than 100,000ozpa for more than 10 years.' Price target lift In De Souza's eyes, Benz is one of them, saying their discovery 'should not be overlooked', especially in the contest of Glenburgh's existing 500,000oz resource also providing a solid base. 'We model an average 102,000ozpa and 7-year life of mine based on what we believe the company has in the ground – and thus, a 10 year LOM at more than 100,000ozpa doesn't seem unreasonable,' he said. De Souza pointed to Glenburgh's thick intersections from surface and the high grade underground kickers yet to be tested at depth. 'We maintain our Speculative Buy recommendation but increase our price target from 60c to 81c. The FY2025 is set to be a transformational year for Benz,' De Souza said. No surprise in knowing that Benz CEO and former new developments specialist for US gold giant Barrick, Mark Lynch-Staunton, is also keen as mustard on Glenburgh's potential. Announcing the recent high-grade exploration hits, Lynch-Staunton said Glenburgh has the potential to host a significant gold system, and the latest results strongly supported that view. He said there was a dual-track approach to advancing the large-scale open pit potential at the Icon-Apollo deposits alongside the high-grade underground opportunities at the adjacent Zone 126 lens. The views, information, or opinions expressed in this article are solely those of the columnist and do not represent the views of Stockhead. Stockhead does not provide, endorse or otherwise assume responsibility for any financial product advice contained in this article. Originally published as Barry FitzGerald: Euroz analyst takes a liking to WA explorer Benz

Barry FitzGerald: Euroz analyst takes a liking to WA explorer Benz
Barry FitzGerald: Euroz analyst takes a liking to WA explorer Benz

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Barry FitzGerald: Euroz analyst takes a liking to WA explorer Benz

'Garimpeiro' columnist Barry FitzGerald has covered the resources industry for 35 years. Now he's sharing the benefits of his experience with Stockhead readers. Euroz Hartleys resources analyst Kyle De Souza has shown he has a dab hand at writing headlines for his research reports. His recent tome on the dual-listed gold explorer Benz Mining Corp (ASX:BNZ) was titled 'BNZ: Spartan had a baby. Named it Benz.' It was a neat way of highlighting that Spartan Resources (ASX:SPR) of Dalgranaga/Never Never/Pepper fame in WA – and now the subject of a friendly takeover by Ramelius Resources (ASX:RMS) – sold Benz its non-core but advanced Glenburgh and Mt Egerton gold projects in WA's Gascoyne for shares and some cash, giving Spartan 14.9% of Benz. Announced in November last year and taking effect in mid-January, the acquisition has led to Benz motoring from 26c a CDI (Toronto is its home market) in November to 34c in mid-January, and 53c mid-week for a market cap of $134 million. Now Benz should have been motoring anyway on the strength of its 1Moz high-grade gold resource at its Eastmain project in Quebec due to gold prices taking off this year. But it is the unfolding potential at Glenburgh – 285km east of Carnarvon – that has fired up interest in the stock. Glenburgh: A history Glenburgh was considered a development option back in 2015 for Spartan when it was known as Gascoyne but it was pretty much parked up when Dalgaranga in WA's Murchison region was developed. Benz picked up Glenburgh with a restated 510,000oz resource grading 1g/t gold. But it was recognised as being underexplored with the potential for more high-grade shoots, which is what Benz is now pursuing in an aggressive and fully-funded drilling program, with impressive results starting to flow (including 10m at 12.9g/t from 299m). De Souza is a big wrap for Glenburgh, saying 'grades and thicknesses like this continue to demonstrate the capability for this project to exceed expectations.' He has an 81c target price on the stock. (The firm was lead manager to a Benz equity raising at 40c and has disclosed it has received fees for corporate advice). When Garimpeiro says De Souza is a big wrap for Glenburgh he wasn't joking. In his June 30 research note on the stock De Souza mused that it can be hard to differentiate in the junior explorer world between what is a real 'discovery' and what is not. 'Whilst some get lucky on 'one hit wonders' – most end up with subsequent 'dusters' and erosion of wealth,' he said. 'The real value in exploration is picking companies with assets that have the potential to sustain production profiles of more than 100,000ozpa for more than 10 years.' Price target lift In De Souza's eyes, Benz is one of them, saying their discovery 'should not be overlooked', especially in the contest of Glenburgh's existing 500,000oz resource also providing a solid base. 'We model an average 102,000ozpa and 7-year life of mine based on what we believe the company has in the ground – and thus, a 10 year LOM at more than 100,000ozpa doesn't seem unreasonable,' he said. De Souza pointed to Glenburgh's thick intersections from surface and the high grade underground kickers yet to be tested at depth. 'We maintain our Speculative Buy recommendation but increase our price target from 60c to 81c. The FY2025 is set to be a transformational year for Benz,' De Souza said. No surprise in knowing that Benz CEO and former new developments specialist for US gold giant Barrick, Mark Lynch-Staunton, is also keen as mustard on Glenburgh's potential. Announcing the recent high-grade exploration hits, Lynch-Staunton said Glenburgh has the potential to host a significant gold system, and the latest results strongly supported that view. He said there was a dual-track approach to advancing the large-scale open pit potential at the Icon-Apollo deposits alongside the high-grade underground opportunities at the adjacent Zone 126 lens.

Bakery's ‘rude' name heats up on social media
Bakery's ‘rude' name heats up on social media

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Bakery's ‘rude' name heats up on social media

Don't miss out on the headlines from Lifestyle. Followed categories will be added to My News. A bakery has been well received despite a couple of complaints its name is 'a bit rude'. Matthew Reid opened the Phat Phuc bakery in Wauchope on the state's Mid-North Coast less than two weeks ago, and a photo of the Phat Phuc neon sign that hangs inside the store, which also features the image of a jolly rotund baker, has gone viral on social media. 'Most of the feedback I have had has been pretty good,' Mr Reid said on Thursday. 'The demographics are different in a smaller regional town compared to a larger regional town or a city. 'I've just had a couple of older people come in and say 'that's a bit rude isn't it' and I say take it in your stride, I don't care what you think, this is my business, get over it you know.' Want to join the family? Sign up to our Kidspot newsletter for more stories like this. Are you offended by this sign? Image: Supplied What's in a name? Mr Reid said he came up with the name late at night while trying to register the name of his new business with corporate watchdog the Australian Securities and Investments Commission (ASIC). 'I had to come up with a business name straight away and sitting there at night I tried to register it and it just kept rejecting it straight away,' he said. 'It knew exactly what I was doing whatever bots they use and that's why I went with The Double P Bakehouse'. A Facebook post from The Australian Meat Pie Appreciation Society featuring the Phat Phuc neon sign has attracted over 10,000 likes and other approving reactions. 'Classic name, great to see someone having some harmless fun! Bet the pies are great too!!,' reads the first comment. It is not Mr Reid's first bit of risque branding. Phat Phuc pies are made on the premises. 'The bakery I just sold was called WI Pies and the slogan was 'Wrap your lips around a chubby guy', so I was thinking I had to top that. 'I upset a few old people with that one.' A pie with sauce... and a sense of humour Mr Reid, whose wife is Vietnamese, said the name has positive connotations in the South East Asian language as it can be translated to mean 'Happy Buddha'. 'Used together in that sequence it is actually good karma and a blessing,' he said. 'I could probably argue it with ASIC.' He said his stepdaughter runs the Wauchope and would not have much time for people who think the name is offensive. 'She has picked up my sarcastic a--e-holish behaviour,' he said. 'She is an exact replica of me, so she gives it to people just as much as I do. 'We are not one of those shops where the customer is always right, we speak our minds. If you are going to abuse my staff I am quite happy to throw you out.' RELATED: My mum bought X-rated wallpaper RELATED: Beach pic proves quirky Aussie summer pact Mr Reid owns a second bakery store in Port Macquarie and said between his two businesses he sells around 800 pies a day, all of which he makes himself both the pastry and the fillings. He cuts, minces and smokes the meat used in his pies. 'If it's a smoking day I have my smoker on from 5am and I have my meat on by 5.30am,' he said. 'We are selling out every day so for a one-man operation it is pretty exhausting. My wife makes all the cakes for us at the other shop.' Mr Reid is a boilermaker by trade but found himself running three burger shops when living in Newcastle before his family moved to Port Macquarie four years ago. His wife's uncle who is a baker showed him how to make pies and he decided to give that a try because 'he was sick of burgers'. Asked if there was any self description in the name Phat Phuc, Mr Reid said it was entirely inappropriate. 'I have a dad bod, I am quite happy to admit that,' he said. 'Being in burgers and now I have a bakery keeping fit and healthy with the hours I do doesn't really work.' Originally published as Bakery's 'rude' name heats up on social media

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