What’s Hot – TSC, FFR, CCA, DEV, CAV, RIM, MYQ, 88E, BNL & 3DA
What’s Not – NEA & BRN
What’s Doing – Thanks to the reader for the Souths 69 jumper – love it !!!
RMB – Rat’s Multi Builder
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Good Afternoon,
Did you know that on this day in2007 Russia Tests Father of All Bombs
The world’s most powerful non-nuclear bomb was a thermobaric bomb – it detonated mid-air and uses the oxygen in the air to create an explosion.
The energy released by the bomb equaled 44 tons of TNT.
What’s Hot
TSC – Twenty Seven Co. Limited today closed up 80% to finish at 0.09c on $3.1m stock traded. The reason why they were up today was because they entered into a Binding Term Sheet giving them the exclusive option to acquire Oz Gold Group Pty Ltd.
TSC has a 60-day period to exercise that option. Oz Gold is a minerals explorer that has rights over two gold-copper projects in WA and NSW respectively both which look pretty good to me & Mr Market today.
I do know Lance from the board and no doubt the little fella will read this today, more than likely after a long day’s drilling as that man can drill trust me.
Good luck with the new project Lance and no doubt my clients that hold a few were happy with today’s news.
Some details on today’s news are listed below:
Option & placement for exciting gold projects – one with a mining lease
- In a potentially transformative transaction, TSC has secured rights to two prospective gold projects – Mt Dimer (WA) and Trident (NSW)
- Further, TSC raised $500,000 from a placement of 100m shares at $0.005/share with an attaching one for two 1.5c option (expiring in 2022) to fund the option payment and for general working capital purposes
- The advanced Mt Dimer Gold Project, located circa 200km north of Southern Cross in WA’s goldfields and complements the Rover Project, comprises a mining lease and two exploration licenses:
- Some 8,500oz Au – 77,000t ore processed at 3.44g/t1 – was produced from an openpit to 80m during the 1990s within the mining lease;
- Further, previous drilling programs1 indicate high-grade mineralisation is open at depth along strike, with the best intercepts (including some mined portions “^”);
27m @ 4.26g/t Au from 37m (DRC_023)^
19m @ 3.38g/t Au from 76m (DRC_031)
11m @ 5.29g/t Au from 81m (DRC_140)^
8m @ 4.71g/t Au from 72m (DRC_063)^
7m @ 3.27g/t Au from 61m (DRD_163)^
7m @ 3.55g/t Au from 35m (DRC_036) ^
7m @ 3.97g/t Au from 84m (DRC_044)
6m @ 13.32g/t Au from 99m (DRC_062)
6m @ 22.30g/t Au from 99m (DRC_062)
5m @ 10.64g/t Au from 78m (DRD_164)^
5m @ 5.23g/t Au from 33m (DRC_048)
4m @ 4.91g/t Au from 150m (17MDRC0001)
2m @ 8.65g/t Au from 77m (DRC_138)^
2m @ 4.58g/t Au from 81m (DRC_067)
- The potential acquisition further consists of two prospective exploration licenses, adding significant upside; one is adjacent to the Mt Dimmer mining lease and the other adjacent to Ramelius Resources (ASX: RMS) Marda Gold Project2 which is being actively mined
- The Trident Gold Copper Project in NSW is 35km north-east of Broken Hill and home to several historic copper and gold occurrences
- As part of the due diligence regarding the option, TSC’s geology team will verify all historic data on the mining lease, within the Mt Dimer Gold Project, to evaluate the resource potential
TSC’s Chairman Rob Scott commented: “Acquiring the option over the Mt Dimer and Trident Projects is an exciting opportunity for TSC, potentially delivering an advanced gold project to the Company and further exploration upside. Moreover, the new projects complement the existing portfolio which comprises the Rover, Mundi Mundi and Midas Projects.
Notably, the mining lease within the Mt Dimer tenure package is a high priority for TSC, given the historic ore grade mineralisation reported. We look forward to bringing the market more news about these exciting new developments once we finalise our due diligence, in addition to further updates on our Rover project.”
Sorry last time I use this one for a while, just love this meme and it’s very relevant when talking about drill results clearly.
FFR – Firefly Resources Limited today closed up 35% to finish at 23c on $5.1m stock traded. There was no news released today but on Monday they announced outstanding results from their Yalgoo gold project in WA.
I own stock in this myself and thought Monday’s results were bloody good, not sure why it took 3 days for the market to Jerry on as usually you blokes from Perth are only 3 hours behind not three days.
There are some smart guys behind this I reckon which is why I still own a few but as always DYOR and don’t believe everything you read in here or on Twitter for that matter.
So many Robin Hood traders out there at the moment it’s scary.
Some details on Monday’s news are listed below:
Spectacular gold hits from maiden drill program at Yalgoo
Bonanza grade intercept of 1m at 1,439.55g/t within a broader zone of 6m at 244.91g/t from outside the historical resource envelope at the Melville Deposit
Highlights:
- Outstanding results received from the first four holes completed as part of the Company’s maiden Reverse Circulation (RC) drill program at the Yalgoo Gold Project in WA. Significant assay results from drilling at the Melville Deposit include:
- 6m at 244.9g/t from 50m including 1m at 1,439.55g/t from 51m and 1m at 16.95g/t from 55m, 14m at 1.00g/t from 58m including 1m @ 2.61g/t and 1m @ 3.73g/t, and 2m @ 1.06g/t from 106m to the end-of-hole (in a mineralised porphyry unit) (FMRC0008)
- 13m at 3.65g/t from 113m including 4m at 9.19g/t from 119m (FMRC0010)
- 9m at 1.32g/t from surface including 1m at 4.76g/t from 7m, 1m at 3.49g/t from 96m, 2m at 1.87g/t from 101m and 1m at 2.66g/t from 105m (FMRC0009)
- 4m @ 1.24g/t from 3m and 1m at 5.76g/t from 69m (FMRC0007)
- All of these initial results are from outside the historical resource envelope at Melville, highlighting strong potential to upgrade and grow the resource base at Yalgoo.
- Porphyry intrusives at Melville confirmed as mineralised and strongly implicated as introducing high-grade gold fluids into the rocks of the Yalgoo Gold Project. All four Firefly holes intersected mineralised porphyry, high-grade gold in porphyry-associated quartz veining and/or wide intersections of mineralised porphyry-related wallrock alteration. FMRC0008 also ended in mineralised porphyry at 108m (2m @ 1.06g/t).
- Assays from the remaining six holes completed as part of the initial 10-hole, 1,200m RC program expected over the next week.
- Next phase of the multi-pronged, 10,000m drill program set to resume shortly.
Firefly Resources Ltd is pleased to advise that it has intersected spectacular high-grade gold mineralisation at shallow depths, including a bonanza intercept of 1,439.55g/t, from the very first holes drilled as part of its maiden drilling program at the recently acquired Yalgoo Gold Project in Western Australia.
The Yalgoo Project is located 175km east of Geraldton and encompasses a 600km2 tenement package covering an entire historic goldfield that has an extensive history of high-grade gold production but has had no exploration for the past 15 years
Firefly recently commenced its maiden Reverse Circulation (RC) drilling program at Yalgoo, with the first round of drilling designed primarily to validate the historical mineral resource estimate over the Melville Gold Deposit and upgrade it to JORC 2012 compliance.
CCA – Change Financial Limited today closed up 35% to finish at 15.5c on $5.1m stock traded. The reason why they were up today was because they announced a binding agreement executed for the acquisition of Wirecard NZ & Australia assets for A$7.8 million.
There will also be a placement raising $6.4m issuing 67m stock at a price of $0.095 which is a 17.4% discount to last closing price and 21.3% to the 15 days VWAP.
The Wirecard Business being acquired by Change represents the Australian and New Zealand business assets of the vendors which provide innovative card management and payment platform solutions to banks and financial institutions as well as digital brands and fintechs.
The Wirecard Business’s technology is active with over 120 customers, across more than 35 countries.
Some details on today’s news are listed below:
Strategic Acquisition and Capital Raising
Change Financial Limited, is pleased to present the following strategic acquisition and capital raising initiative.
Highlights
- Binding agreement executed for the acquisition of Wirecard NZ & Australia assets for A$7.8 million(1) • The acquisition represents an EV/Revenue multiple of 0.5x(2) based on FY20 revenue of approximately US$11.1 million
- Pro-forma FY20(2,3) key financial metrics include:
- A$15.4 million revenue
- A$9.3 million is annual recurring revenue (ARR)(4)
- Acquisition brings significant scale and growth through the addition of 120 customers, capability in +35 countries and a global workforce
- Blue chip client base including the big 4 Australian banks, major Australian supermarkets, Asian and South American banks and fintechs
- Accelerates customer acquisition cycle and future platform development and will speed up conversion of Change’s existing customer pipeline
- +10 new customers identified to onboard in next 12 months
- Post-acquisition Change will be a leading, global Banking as a Service (BaaS) platform
- Cash consideration funded by the proposed placement and entitlement offer
Strategic Acquisition
Change has entered into a binding agreement to acquire all the business assets of Wirecard NZ Limited (administrators appointed) (“Wirecard NZ”) and Wirecard Australia Pty Ltd (administrators appointed) (“Wirecard Australia”) for a total cash consideration of A$7.8 million.
The Wirecard Business being acquired by Change represents the Australian and New Zealand business assets of the vendors which provide innovative card management and payment platform solutions to banks and financial institutions as well as digital brands and fintechs. The Wirecard Business’s technology is active with over 120 customers, across more than 35 countries.
The Wirecard Business has three well established products covering
- Card Management Platform – enables issuing of physical and virtual prepaid, debt and credit cards. Processing of transactions for card issuers
Central managed testing hub for financial transactions – simulator system to test payment transactions to ensure financial service providers comply with relevant payment standards 1 Final Consideration will be adjusted for net working capital adjustments at completion Investment
I never will……….I would like to hope so anyway except for maybe some Covid facial hair
DEV – Devex Resources Limited today closed up 28% to finish at 32c on $1.1m stock traded. There was no news out today and nor has there been for quite some so your guess is as good as mine.
I dare say they could get a tap on the window from the ASX or Constable Chapman on Monday asking them to please explain.
Some details on what they do listed below:DevEx Resources is an exploration company with a diversified portfolio of high-quality projects spanning some of Australia’s most proven mining regions.
DevEx’s key focus is the exploration for major porphyry copper-gold discoveries in the premier Lachlan Fold Belt region of New South Wales.
The world-class mining district is host to several of Australia’s largest copper-gold mines, where DevEx has built a sizeable 600km2 ground holding across its 100%-owned projects – the Junee and Basin Creek Projects. Collectively these projects represent a fresh opportunity for the Company with no systematic exploration conducted prior to DevEx for decades.
DevEx has also secured a strategic position within the new nickel-copper-PGE region of Julimar, Western Australia, with exploration at the Sovereign Project targeting magmatic palladium-nickel-copper deposits.
The DevEx team are experienced explorers, and under the leadership of an invested and highly motivated Board are strongly positioned for discovery success.
CAV – Carnavale Resources Limited today closed up 27% to finish at 1.4c on $1.3m stock traded. The reason why they were up was because they announced their Grey Dam Nickel project had commenced drilling shallow EM conductors.
It’s not one I follow nor care too much about but I dare say some of you might
be interested and if not just skip on down to the next meme or unsubscribe if you are a fan of that annoying red nut above.
Some details on today’s news are listed below:
Grey Dam Nickel Project – Drilling Commenced
Highlights:
- RC and diamond drilling program commenced, targeting the recently defined EM conductors and potential nickel sulphide mineralisation in bedrock.
- Eight drill holes planned, which will test 5 high priority EM targets at the Grey Dam Nickel Project, 70km from Kalgoorlie.
- Seismic Drilling Services Pty Ltd have been engaged to provide drilling services utilising a combination RC and diamond rig.
- Each hole will be surveyed for downhole EM once the drilling has been completed to test for off hole conductors.
Chairman Ron Gajewski commented: “We are very excited to commence drilling at the Grey Dam Project. In this drilling program we are aiming to confirm the geology, geochemistry and geophysics demonstrated by previous sampling and to test the strongest conductors identified by the recent fixed loop electro-magnetic (FLEM) geophysical survey.”
RIM – Rimfire Pacific Mining today closed up 27% to finish at 1.4c on $340m stock traded. There was no news out today however they were handed a speeding ticket 20 minutes before the close today.
There was no news yet to be announced however they believe it could be in relation to Platina’s (PGM) news released this week.
Platinum and copper potential was to be assessed at Platina’s Fifield district which is not too far from RIM’s very own ‘valley’.
Some details on what they do are listed below:
Rimfire Highlights:Rimfire Pacific Mining NL (“Rimfire”) has formally executed Subscription, Earn-in and Joint Venture Agreements with Golden Plain Resources Pty
- Ltd (GPR) over the Fifield Project that includes the Sorpresa Gold Resource.
- GPR will invest $1,500,000 per year for three years to earn a 50.1% interest in the Joint Venture Area. GPR commits to spend $1,500,000 in the first year with no withdrawal rights, with remaining payments for the first quarter of year 1 expected during the current Quarter;
- Following the completion of the earn-in, GPR have committed to fund the development of the Sorpresa project, including Rimfire’s portion.
- Earn-in Budget to undertake the development of Sorpresa and ongoing exploration work in the earn-in area has been approved and planning work is in progress.
- Lodgement to the NSW Government of procedural documentation for an auger drilling program at the Valley Target that is approximately 5km west of the Kinkora Copper / RareX Mordialloc porphyry copper / gold target.
- Rimfire has secured an additonal $780,000 in Junior Mineral Exploration Incentive (JMEI) credits from the Australian Taxation Office (ATO) for the 2020/21 Income Tax Year.
MYQ – MyFiziq Limited today closed up 27% to finish at 61c on $750k stock traded. There was no news out today and nor has there been since Wednesday when they announced that it had signed its first binding term sheet to expand the newly developed CompleteScan platform capabilities with Asia Pacific corporate wellness platform WellteQ.
I do know a few of the guys from the board and it’s another one whose taken 3 days to get share price traction post news, so maybe Perth now three days behind not 3 hours.
Sh*t joke huh……sorry
Some details on Wednesday’s news are listed below:
MyFiziq signs binding term sheet with WellteQ Limited for first CompleteScan integration
Highlights:
- First binding term sheet for CompleteScan with Asia Pacific-based corporate digital wellness platform WellteQ Ltd.
- Integration of the CompleteScan platform into the insurance, telehealth, corporate wellness and wearables market.
- WellteQ brings a vast number of user acquisition opportunities to the new integration across corporate wellness, insurance and telemedicine.
- Initial integration will target existing B2B clients across APAC, MENA, Canada, and the US markets.
- Telehealth, Corporate Wellness, and Insurance is fast-growing to over $10 trillion-dollar pa market.
MyFiziq Limited is pleased to announce that it has signed its first Binding Term Sheet to expand the newly developed CompleteScan platform capabilities with Asia Pacific corporate wellness platform WellteQ into the $10 Trillion-dollar global telehealth, corporate wellness and insurance market. Under the commercial terms, CompleteScan will be integrated into WellteQ’s personalised digital wellness and analytics platform in readiness for January 2021.
The integrated offering will be first offered to existing corporate customers including Willis Towers Watson APAC, NIB, Bupa Australia, Toll Logistics, Credit Suisse and DBS Bank to name a few before a wider reach into prospective clients and markets outside of APAC. With the current COVID 19 pandemic, digital health platforms such as WellteQ are becoming a highly sought-after engagement, triage and monitoring tool for the public healthcare, corporate and insurance sectors.
The use of video consultations is quickly becoming the norm with providers and their patients. These sectors are looking for new and innovative ways to engage, screen and manage people remotely with more personalised and timely health interventions.
WellteQ provide a unique solution that will now combine its personalised digital wellbeing coach for mental health, nutrition and physical wellness capabilities with the power of CompleteScan. WellteQ analyses multiple facets of health and activity with multiple engagement protocols from mental wellbeing to activity tracking.
The holy grail of this activity for the providers is the ability to not only assist in better health outcomes and productivity, but to augment the change and be able to deliver a visual tool that shows the return and change their users are achieving, so they too can understand the value the combined platforms will bring.
Vlado Bosanac, Chief Executive Officer of MyFiziq, said: “This will be a world first as multiple organisations worldwide are positioning themselves with offerings to the telehealth, insurance industry and the corporate wellness space. Combining our new CompleteScan technology with WellteQ will be a paradigm shift in both tracking and analytic capabilities across multiple market segments.
88E – 88 Energy Limited today closed up 17% to finish at 0.07c on $4.2m stock traded. The reason why they were up was because they announced updates relating to results from the Charlie-1 appraisal well, on the North Slope of Alaska.
88E’s asset portfolio has only grown in ability in recent months with the company having accumulated more assets holding potential for billion barrel plus oil discoveries.
I know the boss who we will call the Brick Wall to keep him anonymous and he’s a very good operator in my opinion but sadly oil and gas stocks world wide have been about as popular as a fart in an elevator (which my boss did to me this week I might add).
It will turn I am sure and I hope for the Brick Wall and my clients that own stock it happens sooner rather than later.
There was a good note done by the boys and girls at “the next oil rush” which I will share with you below for those that are interested.
https://www.nextoilrush.com/we-just-doubled-our-holdings-in-88e—find-out-why/?utm_medium=email&utm_campaign=88E-UA22&utm_content=88E-UA22+CID_8e385b92c28492177682968315ab06c5&utm_source=SD&utm_term=FIND%20OUT%20MORE
Some details on today’s news are listed below:
88 Energy Limited
Final Petrophysical Interpretation Substantially Upgrades Charlie-1 Net Pay
88 Energy Limited (“88 Energy” or the “Company”, ASX:88E, AIM 88E) is pleased to provide the following update related to results from the Charlie-1 appraisal well, on the North Slope of Alaska.
Highlights
- Final petrophysical interpretation, using sophisticated Laminated Sand Analysis, substantially upgrades net hydrocarbon pay in the Charlie-1 well
- Interpretation integrates log data and advanced lab analysis of cores taken during drilling, including excellent liquid hydrocarbon saturations from both Dean Stark and core NMR1
- Increase in pay despite higher cut off values being used to determine pay zones
- Pay zones also high graded vs initial interpretation with lower water saturation / higher oil saturation and better average porosity
- Final petrophysical interpretation will now be integrated into revised mapping of the Seabee and Torok discoveries to determine resource estimates
- Data room for the next Project Icewine farm-out to be opened in the near term
- Thermal maturity of the HRZ shale confirmed as in the peak oil generation window
Both Upper and Lower Lima are confirmed as large oil discoveries by this interpretation and the lab results. The results are particularly significant as these targets are the most extensive of the Icewine conventional horizons as well as being relatively shallow, by comparison to the Torok Formation.
The extent of the accumulations will be estimated over the coming weeks as these final petrophysical numbers are integrated into the updated seismic inversion product.
BNL – Big Star Helium Limited today closed up 12.5% to finish at 2.7c on $120k stock traded. There reason why I presume they were up today was because they announced their half yearly reports or maybe it was because you people keep reading about it in the Rant.
BNL – Big Star Helium Limited today closed up 12.5% to finish at 2.7c on $120k stock traded. There reason why I presume they were up today was because they announced their half yearly reports or maybe it was because you people keep reading about it in the Rant.
If you read this rant you would have seen it in the what’s doing section a couple months back and a couple bhags back.
Everyone love’s a bhag……and thanks to Penny Wong and Eddie Groves for towing me into a nice little 3 bhagA here.
You can find the old report below if you missed it or are interested.
https://bit.ly/2BR2QUO
Some highlights from today’s news are listed below:
Helium Prospects and Leads – Colorado, USA
Petrophysical analysis of surrounding wells in combination with the regional soil gas sampling and geochemical analysis program conducted in 3Q 2019 have proven that the play elements of helium charge, high quality reservoir and high quality top seal extend from Model Dome and across our Enterprise and Galileo prospects.
Within this proven play fairway, each of the Enterprise and Galileo prospects are subject to independent trap risk. Internal geologic modelling is based on reprocessed gravity and magnetic data, incorporated offset well data and surface and subsurface horizon and fault mapping. The geological chance of success is assessed by the Company to be moderate to high for an exploration target given the proven play elements.
Subsequent to June 2020, Blue Star staked the first Enterprise well location which is currently planned for drilling in 4Q 2020 after permit approval.
Engineering estimates have confirmed dry hole drilling costs of US$300,000, with a further US$100,000 required to complete the well as a producer upon success.
The Company remains positive that, based on the work it has done to date, the chance of development, upon a discovery, is strong.
The Company has identified several development options are available and detailed discussions with service providers are underway with a view to selecting a preferred option and supplier. Skid mounted, modular surface processing equipment is readily available with six months delivery time and may be secured under a rental contract.
This equipment is standard-sized at 2mmcf/d raw gas and would concentrate the helium in the raw gas stream to 98%+ gaseous helium which would then be loaded onto an offtaker’s tube trailer for transport to a liquefaction plant or end-user.
The Company has added significantly to its total land position in Las Animas, Colorado over the half year. The land position at the end of the June 2020 was 128,787 gross (68,130 net) acres across 11 prospects and leads in Las Animas, Colorado.
A – Amaero International Limited today closed up 12% to finish at 45.5c on $950k stock traded. There was no news out today and nor has there been since Tuesday which we spoke about yesterday in here, so go back and read that.
I own stock myself and did a detailed write up about about them in the Three Stooges Edition earlier this year which I will share with those of you that might have missed it below.
https://mailchi.mp/everblucapital.com/rats-rant-the-three-stooges-edition
Some details on what they do are listed below:
About Amaero International Limited:
Amaero International Limited is an Australian based company that manufactures large format complex components in metal with laser-based additive manufacturing processes, commonly known as 3D printing.
The principal activity of Amaero is the provision of end to end additive manufacturing solutions in terms of services, equipment and technology to its key clients in the Aviation Defence and Space sectors and the Tool and Die industry.
Amaero has worked with many of the world’s leading manufacturers of aerospace and defence products in both an R&D and manufacturing capability and has a demonstrated ability to deliver aviation and military specification 3D printed alloy critical operation components.
Amaero was established with the support of Monash University in 2013 to take advantage of commercial opportunities identified by the Monash Centre for Additive Manufacturing (MCAM). Amaero is co-located with MCAM in Melbourne Australia. It operates two additional facilities, in Adelaide, South Australia, and El Segundo, California, USA.
What’s Not
NEA – Nearmap Limited today closed down 15% to finish at $2.46 on $73m stock traded. The reason they were down today was because they announced they completed a $72.1m placement which was done at $2.77 per share which represented a 4.2% discount to last close of $2.89.
Some details on today’s news are listed below:
NEARMAP SUCCESSFULLY COMPLETES $72.1 MILLION PLACEMENT
Nearmap Ltd is pleased to announce that it has successfully completed a $72.1 million institutional Placement (Placement). The Placement priced at $2.77 per share, which was at the top end of the Placement bookbuild range of $2.69 – $2.77, and represents a 4.2% discount to the closing price of $2.89 on 9 September 2020.
The Placement will result in the issuance of ~26.0 million new fully paid ordinary shares in the Company (New Shares) to sophisticated, professional and institutional investors in Australia and selected overseas jurisdictions.
The Placement was conducted utilising the Company’s available placement capacity pursuant to ASX Listing Rule 7.1. Final pricing and allocation decisions were determined by the Lead Manager in consultation with a sub-committee of the Nearmap Board. Eligible shareholders, who bid for up to their ‘pro-rata’ share of New Shares under the Placement, at the final price, were allocated their full bid, on a best endeavours basis.
Proceeds from the Placement will be used to accelerate growth opportunities in the Company’s core industry verticals, invest in rolling out the Company’s fourth generation camera system and build out the operational foundations to support future growth aspirations.
Commenting on the Placement, Dr Rob Newman, Chief Executive Officer & Managing Director, said “The strong support our Company received from both existing shareholders and new investors is extremely encouraging and I wish to thank them for their endorsement of our strategy. With an even stronger Balance Sheet, we are well positioned to execute on our accelerated growth strategy and will continue to focus on the global opportunity to become the world’s leading provider of subscription-based location intelligence.”
DIRECTOR SELL DOWN
Concurrent with the Placement, Nearmap’s Non-Executive Director, Mr. Ross Norgard, sold ~4.2 million shares, representing ~15.1% of his holding in Nearmap.
BRN – Brainchip Holdings Limited today closed down 15% to finish at 64.5c on $88m stock traded. There was a 2a out today which announced that 15m shares where to be issued at 20c due to some options being exercised, so maybe that had something to do with it.
My brain isn’t big enough just yet to tell you why they were down today but they have been volatile that’s for sure !!!
Some details on what they do are listed below:
About Brainchip Holdings Ltd
BrainChip is a global technology company that is producing a groundbreaking neuromorphic processor that brings artificial intelligence to the edge in a way that is beyond the capabilities of other products. The chip is high performance, small, ultra-low power and enables a wide array of edge capabilities that include on-chip training, learning and inference.
The event-based neural network processor is inspired by the spiking nature of the human brain and is implemented in an industry standard digital process. By mimicking brain processing BrainChip has pioneered a processing architecture, called Akida™, which is both scalable and flexible to address the requirements in edge devices.
At the edge, sensor inputs are analyzed at the point of acquisition rather than through transmission via the cloud to a data center. Akida is designed to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory and smart transducer applications.
The reduction in system latency provides faster response and a more power efficient system that can reduce the large carbon footprint of data centers.
What’s Doing
I am not sure who it was or how you did manage to get my address but I would just like to say a big thank you to whoever you are that sent me my Rabbitoh’s jersey and a lovely note that I would love to share with you all but as I don’t know who it’s from and it’s pretty deep I will just keep it to myself for the time being unless he or she emails me and say’s they don’t mind.
Whoever you are I love it, you got my team right and you got my number right too so I am thinking you do know me in some ways and I really do appreciate the kind words in the letter too.
I will share a picture of it with you below and also show you that it’s been put to good use too already.
RMB – (Rat’s Multi Builder for any of the newer readers from Tweeter)
Rosehill Race 8 Number 13 Seasons @ 15
Had trouble getting clear fresh and can make a case she should have won. Her 1200m record is very good and Les Bridge is a mad bunnies fan like me and knows how to produce a winner. My broking mate the Mad Rooter reckons it’s worth a few bob, so I will back you Rooter.
into
Broncos to beat Titans @ $2.40
They are due a win, Fifita back in dry weather football conditions should mean that they finally win a game.
into
Freemantle to beat North Melbourne @ $1.50
Jesse Hogan get’s a bag, Nat Fyfe get’s 30 and the Dockers win by 6 or 9 points in a tight one.
= $54-1
$20 get’s you back a gorilla and sooner or later I am bound to hit one !!!!
Enjoy your weekend
Go Hard…………. but please stay inside most of the time when you are Going Hard
We are almost there folks, stop fckn shaking hands would you and humping strangers in isolation while you are meant to be working !!!
I can do it and so can you !!!
Nick Kelso
Wealth Advisor | EverBlu Capital
L39, Aurora Place, 88 Phillip Street, Sydney NSW 2000
d: +61 2 8249 0052 | m: +61 404 003 613
e: nick.kelso@everblucapital.com
w: www.everblucapital.com
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Company announcements/share price data; source – asx.com.au
Rats Rant – IMPORTANT INFORMATION
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Important Notice
This report has been prepared and issued (in Australia) by Nick Kelso in his capacity as an Authorised Representative (AR No: 001265800) of EverBlu Capital Pty Ltd (ABN 23 612 793 683) (AFS Licence No. 499 601) (“EverBlu Capital”).
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The Author of this Report, Nick Kelso declares that he has received and will receive in the future, compensation from companies mentioned in this report and EverBlu Capital does and seeks to do business with companies mentioned in the report. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors shouldconsider this report as only a single factor in making their investment decision.
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Sometimes it feels like I need to disclose to you what I have had for breakfast but anyway and
……..to finish off possibly the worlds longest disclaimer
GO HARD
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