Takeover of Puma? Buy DroneShield and Antimony shares now?

Antimony Resources: A commodity gem with potential

Commodity investors take note. Antimony Resources has established itself among investors this year, celebrated operational successes, and its stock still appears to be inexpensive.

Antimony is one of the lesser-known critical metals, but in practice, its importance is all the greater. Without antimony, military technology and semiconductors would face major problems. It is often used as a flame retardant in plastics, textiles, and electronics. And as with so many critical raw materials, China dominates the market, making antimony deposits outside China all the more important for governments and companies in the West. And Antimony Resources appears to be developing something big in North America.

Earlier this month, Antimony Resources submitted the NI 43-101 technical report for the Bald Hill project in Canada. And it is quite something. The report doubles the estimated amount of antimony contained to 81,000 to 108,000 tons. The significant potential has been repeatedly confirmed in recent months by excellent drilling results. At its peak, up to 14.91% antimony was found over 3 meters. The average value of 3% to 4% within approximately 2.7 million tons of material is also impressive. The drilling program is still ongoing. The mineralized zones have already been extended to the north and south. The attractiveness of the project should increase even further, as the deposit remains open in all directions and at depth.

At the same time, Antimony Resources is also working to make the stock accessible to additional investors. In mid-November, the Company was listed on the US OTCQB market. This improves visibility and tradability in what is likely the world's largest capital market. In the US, critical raw materials are also perceived differently. This is underlined by the government's entry into companies such as MP Materials. Antimony Resources should also benefit from this.

The first resource estimate is expected in the first quarter of 2026. It would come as no surprise if the stock were to rise in advance.

Puma: Takeover and short squeeze?

Rumors of a takeover of Puma picked up speed again yesterday, driving the stock up by over 14%. Bloomberg reports that Chinese companies are seriously interested in the traditional German brand. The report cites informed sources who say that sportswear giant Anta Sports, among others, is considering a takeover of Puma. Anta Sports is expanding rapidly, including through acquisitions outside China. According to Bloomberg, Li Ning, a company that is relatively unknown in this country, is also among the interested parties. Or is Puma heading to Japan? Asics is also said to be among the interested parties.

Manager Magazin had already reported on a possible takeover in September. Since then, things had gone quiet again, and the share price had continued its downward trend. The new speculation comes at a time when Puma shares are trading below EUR 17, their lowest level since 2015. In addition, Puma shares are heavily shorted. If the takeover rumors are confirmed, a short squeeze would be possible.

DroneShield: Rebound or new upward trend?

After several disastrous weeks, DroneShield has staged a strong rebound on the stock market this week. After falling from almost EUR 4 to below EUR 1, the share price has gained more than 20% in recent days.

A new order contributed to the rebound. According to the report, a European reseller has ordered handheld drone defense systems and related accessories worth USD 5.2 million from DroneShield. The customer is contractually obligated to sell the products to a European military customer. Delivery and payment are scheduled to take place by the end of 2025. DroneShield has been working with the reseller for three years, and together they have fulfilled orders with a total volume of over USD 70 million. DroneShield also announced that, starting next year, it will only report individual orders with a volume of over USD 20 million. Exceptions will be made for orders of strategic importance or for other important reasons.

One day before the order announcement, DroneShield CEO Oleg Vornik attempted to reassure the market: "*DroneShield's core business remains strong and unchanged. The Company continues to achieve record revenues, expand globally, and invest in technological innovations to meet changing customer needs. The record revenues in 2025 are attributable to repeat customers, reflecting the market's confidence in DroneShield's solutions."

The takeover rumors surrounding Puma could catch short sellers off guard. But even without a short squeeze and takeover speculation, the stock is interesting for patient investors. A purchase of Antimony Resources could pay off in the coming months. Further drilling results are expected in the coming weeks. Then the stock could jump ahead of the expected resource estimate. The DroneShield stock is likely to remain volatile. Confidence has been damaged, but the downside risk appears to be limited unless there are further inconsistencies in orders.