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Welcome to HotCopper Highlights for Week 25 of the year, I’m Jon Davidson. In this segment we look at the stocks you were watching and discussing the most on the forums this week, let’s get into it starting with the most viewed.
4DS Memory shot to the top on Monday as the hotly watched microchip junior released final stage testing results that fell far short of market expectations. The company has long been trying to make microchips do more with less power, and with digs in Silicon Valley, it’s long caught eyes – but now that its share price has tanked, the future remains unclear.
Elsewhere, Meeka Metals issued a trading halt which garnered attention, not long after confirming the company would become a gold producer later this year. To the surprise of some, but not to all, Meeka then revealed a capital raise – leaving some to question why the stock said it was fully funded to production. Still, the stock’s a good news story.
Finally, the newest player on the bourse, VBX Limited gained attention when it listed this week as a pureplay bauxite player with a WA project already in tow with a JORC resource to boot. The stock remains above where it listed, showing that investor sentiment to this junior has been warm on its debut. At least so far.
And so what about the most discussed?
MTM Critical Metals, which says it can retrieve gold from recycled e-waste circuitboards, remained a favourite among forum users this week as the company recently extended its tech to the rare earths sector, where like gold, the company says it can reclaim critical metals from a circular economy model.
Elsewhere, uranium stocks broadly remain hot to discuss, with the likes of Deep Yellow and Boss Energy featuring prominently, especially after we saw Toronto-based Sprott Trust this week raise capital to buy more physical uranium only weeks after Donny moved to boost domestic US nuclear energy broadly.
And finally, how could we forget Australia’s second largest energy player Santos. This week the company fielded a takeover bid from the UAE’s state-owned oil company ADNOC, which wants to buy Santos for more than $30B. The big question remains over whether or not the foreign review board will allow the deal, given that right now, Canberra’s busy trying to buy back the Port of Darwin from Chinese owners.
That’s HotCopper Highlights for this week, I’m Jon Davidson, have a great weekend and we’ll see you on Monday.
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