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Good Afternoon and welcome to HotCopper Highlights for Week 32. In this segment we look through the stocks you were watching and discussing the most this week on Australia’s #1 finance website. Let’s get into it, starting with the most viewed.
Lindian Resources’ deal with Iluka to provide the latter with monazite concentrate for the next 15 years in exchange for a $32M loan was of particular interest as the company hinted Canberra may offer rare earths price support at some point in the future, currently a vogue topic following the US Government doing the same for American explorer MP Materials.
Elsewhere, XReality Group was popular after a deal with the State government of Texas that will see its police and military VR training headsets supplied to what is effectively the Texan department of justice; the company appears to be the latest peoples’ pick when it comes to stocks exposed to the defence thematic.
Finally, Amplia Therapeutics landed on radars as results from its ACCENT trial, which uses the company’s flagship drug alongside existing chemotherapy drugs, underwhelmed market expectations. Key to the letdown is that life expectancy improved by no more than two months – clearly not the result some investors were hoping for.
That was the most viewed – but what about the most discussed?
Boss Energy has dominated the minds of many in recent times. CEO Duncan Craib announced he would be retiring just ahead of the company’s latest guidance, which then revealed Boss will be producing less uranium than thought – making the top dog’s hasty exit smell a little off. After ditching media at Diggers and Dealers this week, the company’s response to an ASX please explain attracted a lot of attention. Boss says mining is hard, forecasting is hard, and that there’s no funny business going on, but many users were reluctant to take that without question.
Elsewhere, Electro Optic Systems generated chatter after a $125M order for an anti-drone-swarm laser weapon system being sold to an unspecified NATO state, tying in directly with a recently rejuvenated defence thematic stemming from NATO military spending boost agreements earlier this year, seemingly brokered to keep Trump happy.
Finally, Energy Transition Minerals, a company trying to sue Greenland for 4 times its GDP this week picked up a tantalum-niobium project in Spain. This follows an apparent die-off in hype that was borne from Trump’s claims the US might buy or otherwise seize Greenland, where the company’s main project has long been stalled by a mining ban. Earlier this year, the company actually hired Julie Bishop as an advisor. Worth noting, ETM used to probe around for lithium in Spain, and that battery metal coincides with tantalum, too.
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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