With more than 600k average monthly users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
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Red Mountain (ASX: RMX) gained a strong following on HotCopper today on news that the maiden drilling program at the Armidale antimony-gold project is underway in northeastern New South Wales.
17 holes are planned to test key priority targets defined by the company’s extensive surface geochemical sampling program at the Oaky Creek prospect.
Oaky Creek is Red Mountain’s most advanced target within the 391 sq. km Armidale project, located in the Southern New England Orogen of NSW, considered to be Australia’s premier antimony mineral province.
RMX rose 11.1% to 1.0¢.
Regulated gaming technology company Dataworks Group (ASX: DWG) was up after it announced it had executed a planning services agreement with the NSW government.
Based on current scope, the company expects the engagement to generate approximately $536,000 revenue across an eight-week period based on the successful delivery of three defined milestones. The engagement is expected to commence on the 2nd September, 2026.
The engagement will be delivered on a fixed price basis and is intended to support project planning, technical scoping and contract development activities.
DWG jumped 15.4% to 15.0¢.
Strike Energy (ASX: STX) climbed after it announced a major breakthrough in the commercialisation of the West Erregulla gas field in Western Australia.
Strike plans to develop West Erregulla through an aligned gas processing solution with its joint venture partner, Hancock Energy and entry into a term sheet for up to $30 million of funding support from Hancock Energy.
Chair, Nev Power, said the arrangements de-risk West Erregulla’s pathway to production and represent a major value inflection point for Strike, providing a clear route to unlock one of WA’s largest undeveloped onshore conventional gas resources and to materially increase the scale and diversity of Strike’s production and earnings base.
STX was up 11.9% to 11.8¢.
Looking wider, the S&P/ASX 200 was down just 1.30 points today to 9,091.00. The bottom performing stocks in this index were Silex Systems and Pantoro Gold, down 12.58% and 9.72% respectively. Over the last five days, the index is virtually unchanged but is currently 2.21% below its 52-week high.
Meanwhile, the Queensland government has unveiled plans to bolster the resources workforce to overcome skills shortages.
The Queensland Resources Workforce Plan focuses on delivering practical, results-driven solutions through 29 targeted actions that align skills and training with current and emerging industry needs.
Some of those actions are already being implemented, with the expansion of the Queensland Minerals and Energy Academy aimed at attracting the next generation of resources workers and a pilot program being run to boost female participation.
The government is setting aside $159 million in this year’s budget for subsidised vocational qualifications used across the resources sector.
That’s Monday’s HotCopper Market Trends, I’m Colin Sandell-Hay - see you for close.
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