In today’s briefing:
- Neuren Pharmaceuticals (NEU AU): Ready to Fly Again After a Breather
- IXR Update Note IonicTech Magnet Recycling 05092024
Neuren Pharmaceuticals (NEU AU): Ready to Fly Again After a Breather
- Neuren Pharmaceuticals (NEU AU) shares corrected ~14% over the last one month, as Daybue reported disappointing performance in U.S. and partner reduced 2024 revenue guidance for Daybue.
- Muted U.S. performance of Daybue in 1H24 seems to be short-lived and the drug is expected to accelerate in 2H24 and beyond.
- In 2Q24, the rate of new patient starts was 12% higher than the previous quarter and the rate of discontinuations was 46% lower than in the previous quarter.
IXR Update Note IonicTech Magnet Recycling 05092024
- Ionic Rare Earths Ltd (ASX:IXR) is a magnet (REOs) recycling (Belfast, UK) and REE mining explorer (Uganda) plus a Brazilian REE Refining JV, excluded from our NPV, with Viridis Mining and Metals Limited (VMM).
- ACF visited IonicTech’s magnet recycling demo plant in July 2024.
- Since our last IXR Flash Note, we raise our valuation by 16% to A$ 0.109 vs A$ 0.094 previously and put Makuutu in a maintenance period.
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