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Good Afternoon and welcome to HotCopper Highlights for the end of Week 23 of the year, I’m Jon Davidson. In this segment we go over the stocks you were watching and discussing most this week, let’s get into it.
Starting with the most viewed,
Aura Energy this week made a splash when it confirmed it would team up with another Australian partner to continue lobbying the Swedish government to overturn the country’s uranium mining ban. Aura energy has a project it calls the world’s fourth largest in Sweden, but until the jurisdiction allows uranium mining, it can’t do much with it. But Aura sees a bright future, not too far away.
Elsewhere, IperionX garnered attention after winning a contract with the US Defence Department that allows it to draw up to around $150M Australian in the manufacture of titanium parts for defence applications. For now, it’s making titanium nuts and bolts, which are both hardy and light, ideal for aircraft. Or, perhaps, missiles.
Finally, biotech stock Proteomoics said this week it’s more or less come up with a blood test that can detect a type of throat cancer with dismal survival rates that hits the esophagus. While it did note a published study showed the blood test had high accuracy – not necessarily outright declaring the test worked without doubt – the market liked the news.
And so what about the most discussed?
Droneshield has come back into favour with both investors and day traders as the stock has recently climbed back above $1.50/sh. That follows a revitalisation of the defence spending thematic broadly, with Canberra’s contribution to defence spending back on the spotlight this week; so too in the UK.
Elsewhere, BluGlass generated some talk on Friday after it revealed its receipt of a contract just under a quarter Mil to supply the Indian defence force with one of its laser diodes capable of manufacturing microchips. The Indian military isn’t necessarily a contract partner the average ASX watcher sees everyday.
Finally, Pilbara Minerals remains a popular topic of discussion as markets try to figure out the future of the stock, one of few surviving established lithium developers left. After some fierce volatility this week, it looks a bit like Pilbara is subject more to the ever-changing whims of general sentiment, or vibes if you will, as opposed to rational fundamental analysis.
That’s HotCopper Highlights for this week, I’m Jon Davidson – the market’s closed on Monday, so we’ll see you on Tuesday.
