Gold Road Resources Ltd

GOR Details
·         Gold Fields increasing their stake: Gold Road Resources Ltd (ASX: GOR) stock rallied over 6.7% on May 19, 2017 as Gold Fields Ltd (via their subsidiaries) has acquired 74,824,070 shares at $0.86 per share, a 27% premium to Gold Road’s closing share price of $0.675 as on May 18, 2017. Post this, Gold Fields has a 10% relevant interest in Gold Road along with Gruyere Holdings and Belike Nominees.

·         Recommendation: GOR stock rallied over 20.5% in the last three months (as of May 18, 2017) and we believe this bullish momentum might continue in the coming months at the back of positive developments. For instance, thick high grade mineralisation has been intersected at YAM14, located south of Gruyere Mill. Despite the recent rally, the stock is trading at low levels. We give a “Buy” recommendation on the stock at the current price of $ 0.72


YAM14 Prospect (Source: Company Reports) 

Sirtex Medical Ltd

SRX Details
·         Some boost post a heavy fall:Sirtex Medical Ltd (ASX: SRX) stock rallied over 9.5% on May 19, 2017 post the heavy plunge witnessed a day beforeat the back of unfavorable research results under the combined FOXFIRE analysis. Particularly, theprimary endpoint of overall survival (OS) and progression-free survival (PFS) did not show statistically significant improvement of SIR-Spheres® Y-90 resin microspheres plus chemotherapy over chemotherapy alone in non-resectable, first-line metastatic colorectal cancer (mCRC) patients. Further, overall survival (OS) in SIRSpheres® Y-90 resin microspheres arm of 11.3 months versus 10.4 months for sorafenib was not significantly different but there were major safety and toxicity benefits. Nonetheless, the scope of the product seems to be limited to a ‘salvage’ treatment. These mixed aspects in consideration, coupled with group’s expansion strategies and opportunities to grow through more R&D activities and acquisitions have caught attention by some investors and brokers.

·         Recommendation: SRX stock lost over 61.3% in the last six months (as at May 18, 2017). Given that the stock is trading on volatility, we maintain a “Hold” recommendation at the current price of $ 11.77

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