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Good afternoon, and welcome to the HotCopper HotList column. Every week, ASX companies of every shape and size go through the ups and downs that is the Australian trading rollercoaster. Fortunes made, and equity lost each time the bourse opens – which is why watching market trends is so key.
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You certainily don’t have to go it alone, though: We’ve put together the “HotList,” the top ten ASX companies added to HotCopper watchlists in Week 10 — and this Friday, we’re starting with OD6 Metals.
1. OD6 Metals
First up, we had OD6 Metals (ASX:OD6), one of many ASX-listed companies focused on critical mineral exploration over in the States. It’s been looking to pick up opportunities State-side for months now.
Beyond the obvious reasons why Australian investors would want to get into that space these days, OD6 also drew plenty of attention in Week 10 after entering an exclusive option agreement to acquire a district-scale cluster of high-grade fluorspar deposits in Nevada known as the Quinn Fluorspar Project.
Quinn Fluorspar is made up of 48 State of Nevada claims, and sits ~220 kilometres north of Las Vegas, within a “standout” prospective epithermal district.
Wider markets clearly liked the news, too, because OD6 has been up as much as +87% through the last week. (Today looks a little dimmer overall, with the company down -7%, but that’s a wider bourse trend.)
2. Woodside Energy
Energy major Woodside (ASX:WDS) did enough to stand out in Week 10, too – or rather, it didn’t scare investors away once they came knocking for home-side options amid U.S.-Israeli attacks over in Iran this week.
I flagged this morning in the HotCopper Market Open recording that Woodside had been specifically circled by Morningstar analysts as a winner from the Middle East conflicts (alongside Santos (ASX:STO)), and so it’s no great surprise forum users have been wanting to keep a closer eye on the company.
It’s probably worth noting, too, that Russia’s invasion of Ukraine bumped energy prices +40% nearly immediately. Similar may soon follow here if things last.
No great gains yet, though WDS is up +10% this week.
3. Viking Mines
And finally, Viking Mines (ASX:VKA) was the last of the top-three companies to draw HotCopper user attention this week, with Viking earning its HotList spot after unveiling a huge, 16-fold tungsten grade upgrade.
Viking has been running metallurgical tests at its Nevada-based Linka tungsten project and landed the windfall hike (1.4% tungsten trioxide) last week.
“A 16-times upgrade through the simplest and cheapest processing method available is a fantastic result,” Viking’s MD and CEO, Julian Woodcock, gushed. “We’re now fast-tracking flowsheet development to evaluate low-cost modular solutions and have commenced discussions with processing specialists.”
To early lunchtime Friday, VKA has been up +33% through the week.
Then, rounding out the HotList in Week 10 was:
- Investigator Silver
- Liontown Ltd
- St George Mining
- Catalina Resources
- EQ Resources
- Lindian Resources
- And, Western Ridge Resources
Finding the HotList page
To find HotCopper’s Hotlist, click on “My Account” and then “My Profile” on the HotCopper home page. Then, select “My Watchlist,” where you see all your followed stocks and scroll to the bottom. The HotList section is there.
Or, you can go straight through to the HotList section with this link right here.
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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
