Join our daily newsletter At The Bell to receive exclusive market insights
Resolution Minerals (ASX:RML) has been the most talked about stock on the HotCopper forums today, and for one big reason: The company fielded an unsolicited $225 million offer to buy its Horse Heaven project.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The Aussie explorer cautioned that the approach won’t necessarily mean they sell the project, but that didn’t stop RML shares plunging -13.2% today.
Also trending has been Amplia Therapeutics (ASX:ATX); the biotech developer dumped as much as -20% value after missing market expectations. My colleague Jonathon Davidson wrote more on that story here.
And, FBR Ltd (ASX:FBR) popped up on the forums after signing a $20 million financing agreement with GEM Global Yield. The deal will run for three years and will be used to fund several R&D projects in FBR’s pipelines.
Looking wider: The ASX 200 is up +0.58% after a slow open.
That’s HotCopper’s Market Trends, I’m Isaac McIntyre – see you later for close.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
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.
