1. Exit Case: Orla Mining Ltd 

Overview:

Orla Mining Ltd (TSX: OLA) is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.

OLA has been a part of the ‘Value Portfolio’ since 6^th October 2025, however, considering a recrnt rally in the share price of the stock, an ‘Exit’ is recommended from the stock at the price of CAD 18.44, (as on 14^th October 2025).

1.1 Support and Resistance Summary as provided in our last published report dated 6^th October 2025.

Orla Mining Ltd

2. New Entry Case: Kraken Robotics Inc.

Overview:

Kraken Robotics Inc. (TSXV: PNG) is a Canada based company engaged in the design, manufacture and sale of software-centric sensors and underwater robotic systems. It operates in the business segments of Sensors and Platforms which is the design, manufacture, and sale and provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platform; and Power which is the design, manufacture, and sale of subsea power equipment such as drives, thrusters, and batteries. 

Technical Analysis: Kraken Robotics Inc. (TSXV: PNG) shows a bullish trend with the stock trading well above its 14-day smoothed moving average (SMA) of CAD 4.87, signaling sustained upward momentum. Recent price action indicates a breakout above CAD 6.00, confirming healthy buying interest. The RSI at around 75 suggests overbought conditions, hinting at possible short-term consolidation or a minor pullback. However, the overall trend remains positive, supported by rising volume and higher highs, indicating higher investor confidence.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Value Portfolio’ at the closing market price of CAD 6.26, as on (as on 14^th October 2025). 

Kraken Robotics Inc. (TSXV: PNG) has been identified as the new entry to our Value Portfolio.

2.1 Support and Resistance Summary (as on 14^th October 2025)

2.2 Kraken Robotics Inc.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 14^th October 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.  

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.