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Good afternoon and welcome to HotCopper Highlights for Week 5, I’m Jonathon Davidson. Let’s get into it.
Let’s start at the end of the week. Hotly watched on Friday was uranium player Peninsula Energy’s news its Wyoming-based Lance uranium project plant won’t be ready until the June quarter. Originally it was March.
To be fair, that facility has been mothballed for five years, but as Peninsula blamed weather it also said production guidance has been downgraded – but didn’t say by how much. Shares fell just short of -15%.
Elsewhere, Pure Hydrogen caught some eyes as it announced it will be taking its existing gas assets and spinning out a new energy company called Eastern Gas – along with a fresh IPO.
While it hasn’t hit the ASX’s boards yet, it will be a welcome reprieve for investors hungry for new floats – so far, new listings are more depressing than last year. It’s probably a better bet than hydrogen, which by the way, causes oil and gas pipelines to embrittle.
Finally, the regular offenders led the boards throughout the week – quarterly earnings from MinRes, Zip Co, Mesoblast, Botanix, and Imugene predictably generated views. Chatter, too.
So did Brainchip, as always. This week the company’s shares were slammed by over 15% when the DeepSeek scare rattled US markets, and therefore the world. Why exactly BrainChip tanked isn’t clear, seeing as it’s still at the ‘concept’ stage of being properly involved in AI.
Then again, it has the word chip in the name. That’s HotCopper Highlights for this week, I’m Jonathon Davidson, have a great weekend and we’ll see you on Monday.
