External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

External broker reports(aggregated public sources)

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Betr Entertainment Limited provides sports gaming platform. The Company offers online horse race and sports betting services. Betr serves customers in Australia.

<ul><li>BBT’s tactical acquisition of a 19.9% stake in PointsBet (PBH) has resurrected the chances of a successful combination of both the entities.</li><li>With BBT having addressed the major concerns raised by PBH relating to its first proposal (funding, synergies and due diligence timelines), the probability of completing a merger transaction is now far greater.</li><li>Should it proceed, the combined entity would have: ~10% market share enabling profitable growth at scale...</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BBT’s tactical acquisition of a 19.9% stake in PointsBet (PBH) has resurrected the chances of a successful combination of both the entities.With BBT having addressed the major concerns raised by PBH relating to its first proposal (funding, synergies and due diligence timelines), the probability of completing a merger transaction is now far greater.Should it proceed, the combined entity would have: ~10% market share enabling profitable growth at scale...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Betr Entertainment Limited (BBT) - PointsBet & BBT Merger Odds Just Got Betr

RPMGlobal Holdings Limited / Equity Bottom-Up

RPMGlobal Holdings Limited is a technology company that provides integrated technology services (software), mining consulting and training the area of mining planning.

<ul><li>1H25 was a pivotal period for RUL. Divestment of the advisory business for AUD$63m marks the end of an era.</li><li>Honing focus on the software business will enhance transparency and enable investors to more directly compare RUL with other ARR centric software companies, thereby aligning the business with investor sentiment.</li><li>Software revenue for the half was lower than expected. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

1H25 was a pivotal period for RUL. Divestment of the advisory business for AUD$63m marks the end of an era.Honing focus on the software business will enhance transparency and enable investors to more directly compare RUL with other ARR centric software companies, thereby aligning the business with investor sentiment.Software revenue for the half was lower than expected. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

RPM Global (RUL) - 1H25 - Product Pilots & GFA’s Driving TCV Growth

Catalyst Metals Ltd. operates as a mineral exploration company. The Company explores for and mines molybdenum. Catalyst Metals serves customers in Australia.

<ul><li>Catalyst has had a positive start to FY25, as record-high gold prices provide the backdrop to a stable yet impressive performance at Plutonic UG Mine.</li><li>Through the organic development of three additional mines along the Plutonic Belt, the Company has mapped out plans to double gold production from 100 to 200koz per year while decreasing AISC from ~A$2,666/oz (FY24a) towards A$2,100 in FY27 (Ce).</li><li>If CYL executes this strategy it will position itself amongst the top gold producers within Western Australia. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Catalyst has had a positive start to FY25, as record-high gold prices provide the backdrop to a stable yet impressive performance at Plutonic UG Mine.Through the organic development of three additional mines along the Plutonic Belt, the Company has mapped out plans to double gold production from 100 to 200koz per year while decreasing AISC from ~A$2,666/oz (FY24a) towards A$2,100 in FY27 (Ce).If CYL executes this strategy it will position itself amongst the top gold producers within Western Australia. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Catalyst Metals (CYL) - Recent Performance Setting the Stage for Future Growth

Mad Paws Holdings Limited designs and develops application software. The Company builds a software platform that enables pet owners to find pet sitters that provide housing for pet and other services including dog walking, training, and grooming. Mad Paws serves customers worldwide.

<ul><li>MPA’s 1H25 results were in largely line with our expectations, with a small beat at the EBITDA line.</li><li>The Mad Paws marketplace is again growing strongly following a media deal with Seven West Media and the overall group (including eCommerce) has reached cash flow positive status.</li><li>MPA’s sum-of-the-parts (SOTP) are worth materially more than its current share price. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MPA’s 1H25 results were in largely line with our expectations, with a small beat at the EBITDA line.The Mad Paws marketplace is again growing strongly following a media deal with Seven West Media and the overall group (including eCommerce) has reached cash flow positive status.MPA’s sum-of-the-parts (SOTP) are worth materially more than its current share price. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mad Paws Holdings Limited (MPA) - 1H25 Results – Cashflow Positive, Media Driven Growth

Unico Silver Limited operates as a mining company. The Company focuses on the exploration and development of gold and silver properties.

<ul><li>Unico Silver Limited (USL.ASX) is a junior silver explorer with its core Cerro Leon project located within the Santa Cruz province of Argentina.</li><li>Post a period of regional project consolidation between 2022 and 2024, USL is in the midst of a multi-phase 50,000m exploration program for 2025 that aims to increase the size and confidence of the existing resource base which currently stands at ~165Moz at ~154gpt AgEq.</li><li>Initial reported results from the exploration program have been positive and show that the projects have been underexplored by previous operators.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Unico Silver Limited (USL.ASX) is a junior silver explorer with its core Cerro Leon project located within the Santa Cruz province of Argentina.Post a period of regional project consolidation between 2022 and 2024, USL is in the midst of a multi-phase 50,000m exploration program for 2025 that aims to increase the size and confidence of the existing resource base which currently stands at ~165Moz at ~154gpt AgEq.Initial reported results from the exploration program have been positive and show that the projects have been underexplored by previous operators.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Unico Silver Limited (USL.ASX) - Bonanza Budget for Exploration