Viewpoint: Bullish
Clinuvel Pharmaceuticals Limited is a specialty pharmaceutical company. It is focused on developing and commercializing treatments for patients with genetic, metabolic, and life-threatening disorders, as well as healthcare solutions for the general population. Its principal activity consists of commercializing and distribution in Europe and the United States, Israel, and Australia of its drug candidate SCENESSE for the prevention of phototoxicity (anaphylactoid reactions and burns) in adult patients with erythropoietic protoporphyria (EPP). The Company’s pipeline includes PRENUMBRA, NEURACTHEL, CUV9900, and Parvysmelanotide (VLRX001). PRENUMBRA is a liquid (non-solid) injectable formulation of afamelanotide designed to provide a flexible dose of afamelanotide, a synthetic analogue of natural α-melanocyte stimulating hormone. NEURACTHEL is a novel formulation of the melanocortin adrenocorticotropic hormone (ACTH), for neurological, endocrinological and degenerative disorders.
Pilbara Minerals Limited operates as a mining and exploration company. The Company focuses on the development of lithium and tantalum projects. Pilbara Minerals serves customers worldwide.
If we decide to move even further down the risk curve with our MM International Portfolio, which is now already holding 17% in cash : View here. It will afford us the flexibility to buy stocks we like into weakness such as Brunswick Corp (BC US) which we touched on previously. This is the company that makes Mercury outboards, Mercruiser stern drives and a bunch of other marine brands.
Brunswick Corporation (BC US) manufactures consumer products serving the outdoor and indoor active recreation markets. The Company’s products include sterndrives, outboard, and inboard marine engines, fitness, billiards, and bowling equipment. Brunswick also manufactures pleasure, fishing, and high performance boats.
PEN is another WA based uranium business, it is the smallest of the 3 with a market cap of just $107m in our view Peninsula Energy’s flagship Lance Projects in Wyoming, USA, requires low upfront capital and can rapidly restart. PEN is the only ASX company with direct exposure to US Government initiatives which are pro-domestic mine development. Also the business is term debt free with an unrestricted net cash balance of US$8m (end Dec20q).
BOE is now an almost a $280m play following the stocks rapid appreciation in 2021, it owns the fully permitted Honeymoon project in South Australia which requires low upfront capital and only 12 months to restart
PDN was trading above $5.50 when the Fukushima disaster occurred in Japan back in 2011 and amazingly nearly $10 before the GFC, as we regularly say be open-minded for financial markets in both directions. Following the successful placement yesterday at 37c MM things the stock has the financial and fundamental back drop in place to trade higher, with 37c clearly being a point where larger investors were happy to step up.
Silver and gold reacted strongly to comments from the Fed with silver the best rallying ~2%, we believe the catalyst is now in play for a strong run up in the complex from the underlying metals to ETF’s, and stocks.
US stocks were relatively strong overnight following the Fed who might have just given them to shot in the arm to reach the psychological 4000 area.
Another great example of a stock following through strongly is local tech superstar Xero (XRO) which has now fallen well over 30% for the 3rd time in 3-years, who says markets don’t repeat! At this stage our “Gut Feel” is we’ve already seen the years trading range with 80% of 2021 still to come.
