Precious yellow metal makes shares sing

Regardless, another junior hopeful Nimy Resources was quick to join Dalaroo on the field, peaking at 10c – a handsome 132 per cent lift from last week’s low of 4.3c. The company has stitched up more than 3000 square kilometres of prime goldfields tenure, 140km north of Southern Cross, which encompasses a big swathe of the world-famous Forrestania belt.

The region is prospective for the full gamut of precious and base metals and – as Nimy’s latest release reveals – a solid selection of rare earths along with gallium.

A background check on gallium shows the little-known metal’s heavyweight China, which chips in 98 per cent of the global supply, closed the door to exports last year in retaliation to United States export bans on certain semiconductor technologies to the Asian sub-continent. As a crucial element in the semiconductor space, China’s export restrictions sent the rest of the world into a tailspin to source alternate supplies.

While it could be Nimy’s collection of anomalous copper and silver results – peaking at 0.2 per cent and 2.2g/t, respectively – that catapulted its share price, the likely scenario is the 52m at 105 parts per million and 72m at 117ppm gallium trioxide piqued the interest of investors.

Or, maybe it was the mislabelled gold-in-soil geochemical results further down the announcement that suggested the company had latched onto some 43ppm dirt that excited punters? (Note – the correct label should have read parts per billion … tut, tut).

Moving away from the metals sector, the next two players to grab a much-coveted guernsey this week are healthcare hopefuls Adherium and Firebrick Pharma to round out this week’s pack.

Adherium’s share price jumped to 9.3c from 4c on news it had nailed down health care’s holy grail, US Food and Drug Administration (FDA) approval for the use of its Hailie Smartinhaler with AstraZeneca’s Airsupra and Breztri inhalation devices.

The development marks a significant milestone in the management of asthma and chronic obstructive pulmonary disease (COPD), offering patients and healthcare providers enhanced monitoring capabilities and personalised treatment approaches.

The Melbourne-based company is on a quest to revolutionise the way respiratory conditions are managed. Its novel inhaler device pumps out real-time data and insights on the owner’s medication usage patterns and inhaler techniques, dramatically improving outcomes and patient quality of life.

Sidling up to US medico behemoth AstraZeneca, which boasts a massive $106 billion market capitalisation, no doubt rings well with investors dipping into the $9.5 million junior ASX-listed health care company.

Firebrick Pharma was another Australian healthcare company to burst onto the US health scene during the week, launching its Nasodine Nasal Spray and lifting its share price up to 11c from 5.3c. The company has spruiked its new product as “nasal hygiene”, which it believes is crucial in keeping the sinus pipes clean and germ-free. Something it says “everyone is concerned about”.

Consumers can purchase a bottle, currently only available online, for a paltry US$24.99 (A$39.10) to eliminate pesky nasal contaminants.

And that is baffling since the last time this commentator required a good dose of “nasal hygiene”, she used a tissue! But Firebrick’s offering of a nasal hygiene spray in the world’s premier pharmaceutical market in a post-COVID era seems to have rung a note with shareholders.

Wrapping up – and as a gold geologist at heart – it has warmed the cockles to see a pair of junior metals explorers take out the Runners of the Week honours. If the precious yellow metal can maintain its lofty heights, no doubt other junior explorers will join them on the field.

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  • Source of information and images “brisbanetimes”

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