Noosa presentation on Friday which must have got some excited today.

Shares up from 10c to 13.5c

https://vimeo.com/885482022

Didn't really see much that would justify the rise. Tempted to take profit again.

[held]

Options excised on Monday @ 7c

So that is an extra 1.3m of cash?

Positive sign but won't get too carried away just yet

Most of the prospective parts of the tenement on the left side is private access. See the box labelled "Access agreement pending"

[held]

As promised a short post below.

Nickelsearch came on my radar about few days ago when I noticed trading volumes were higher than normal

There was also a ASX please explain 2 days ago.

IPO in 2021. Initially looking for Nickel around the Yilgarn Craton, they are now concentrating on Lithium with the help of Allkem

Nickelsearch Carlingup's Tenements are 10km away from the Allkem's Mt Cattlin Lithium Operations

What I like

Mt Cattlin desperate for new ore sources and therefore possible JV if discovery is found

Allkem providing technical assistance and knowledge to Nickelsearch in the hunt for Lithium.

Close to infrastructure and port. Even closer than Wesfarmers former Kidman Resources Covalent Lithium.

Small market cap, as of today 15m but I bought around 10m market cap. Was around 20m at one stage yesterday. Almost trading at shell value

What I don't like

Still early days

Poor progress on Nickel exploration causing some to question management. This is also what initially happened to Azure Minerals as well before the discovery of Lithium turned things around. I think the churn in volume that has been happening is a result of some holders wanting an exit

1.76m cash from recent raise (30 sept 23) but is only enough for a few quarters

Still below IPO price.

Only tiny position so far.

[held]

Appears as though the whole register has been churned /traded in the last 2 days

Only 10m market cap yesterday.

Doing some research.

Put in a yolo order this time in strawman but not recommendation. Nb: I bought at much lower price

[Held]