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    CMM and RTH

    Good morning team, Two quickies. 1. Has Capricorn Metals flashed across your screens? CMM is profitable gold producer with good mx and 2nd project supposedly as good as the first. 2. I have been riding RTH for some time and she’s a thoroughbred (ok, terrible pun). But Canberra based company with a fascinating product and global reach. Appreciate your considered and concise comments. Cheers Jeff M.

    Answer

    Hi Jeff,

    1. We actually covered Capricorn Metals (CMM) on Friday, with the following: CMM struggled compared to its peers in 2024, only advancing +2%. We see no reason to alter our stance from late 2023, when we said, “i.e., until further notice, it’s not under consideration by MM.”We believe investors should stick with the strength; hence, it’s unlikely MM will consider CMM in 2024.
    2. RAS Technology (RTH) is a new one for us, the $57m company provides horse racing information, racing news, racing results for racing Australia and sports news – they essentially provide wholesale data for other sites, much like Morningstar or LSEG does for financial platforms like Market Matters. While we don’t know this space well, they’re growing revenue strongly and have recently become free cash flow positive. Very illiquid and too small for MM, but certainly an interesting business whose financial metrics are all heading in the right direction.
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    Capricorn Metals Ltd (CMM)
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