10 at 11ish: Who got a takeover bid and who is backing out of one?

Pic: Getty Images

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
WSP	Whispir Limited	48	60	729,287	$39,291,768
BP8	BPH Global Ltd	0.15	50	2,836,637	$1,615,563
ESR	Estrella Resources	0.7	40	10,855,676	$8,795,359
KZA	Kazia Therapeutics	7	27.2727	323,142	$12,999,216
8IH	8I Holdings Ltd	1.1	22.2222	29,322	$3,216,204
WC8	Wildcat Resources	100.5	20.3593	6,296,085	$869,109,337
CTO	Citigold Corp Ltd	0.6	20	2,126,298	$14,368,295
AL3	Aml3D	8.1	17.3913	554,627	$16,253,206
BUX	Buxton Resources Ltd	24.5	19.5122	2,493,708	$35,112,106
GRE	Greentech Metals	63	15.5963	948,413	$30,971,744

Communications Platform as a Service (CPaaS) provider Soprano Design has made an off-market takeover bid for all the ordinary shares in Software-as-a-Service (‘SaaS’) provider Whispir (ASX:WSP), which specialises communications management systems via a cloud-based platform for 48 cents cash/share.

Lithium developer Wildcat Resources (ASX:WC8) says latest assay results from the Leia Pegmatite, including 180m @ 1.1% Li2O from 206m in TARC148, confirm it is uncovering a Tier-1 ithium deposit at its Tabba Tabba project near Port Hedland in the Pilbara.

AML3D (ASX:AL3) continues to win contracts in the US, announcing a new contract for a $2.5 million ARCEMY industrial metal 3D printing system for Cogitic, which is a supplier of complex, “cannot fail”, components and assemblies to the US Navy’s submarine program and wider US defence applications.

Buxton Resources (ASX:BUX) says assay results returned from the first diamond drill hole have confirmed high-grade nickel sulphides at the Dogleg Ni-Cu-Co Prospect, West Kimberley Project in WA with 13.85m (true width 13.24m) at 4.35% Ni, 0.34% Cu, 0.15% Co from 177.34m, including 5.86m (true width 5.60m) at 7.47% Ni, 0.31% Cu, 0.25% Co from 179.08m.

GreenTech Metals (ASX:GRE) says diamond drilling has kicked off at the Osborne JV tenement E47/3719, a joint venture held with Artemis Resources (ASX:ARV).

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
TMR	Tempus Resources	0.008	-33%	4,458,323	$4,115,074
YPB	YPB Group Ltd	0.002	-20%	1,792	$1,951,154
CUS	Copper Search	0.15	-19%	121,096	$15,245,469
DY6	Dy6 Metals	0.086	-14%	271,444	$3,856,249
1AE	Aurora Energy Metals	0.095	-14%	457,314	$17,512,762
GSR	Greenstone Resources	0.007	-13%	856,972	$10,923,331
TEM	Tempest Minerals	0.007	-13%	10,000	$4,091,068
OKR	Okapi Resources	0.12	-11%	258,937	$28,361,612
RNE	Renu Energy Ltd	0.02	-11%	214	$10,068,504
HXG	Hexagon Energy	0.008	-11%	22,222	$4,616,243

Tempus Resources (ASX:TMR) has announced it will not acquire Aurora Lithium, a private company which owns the Cormorant and White Rabbit projects in central Manitoba, Canada. The company terminated a heads of agreement after completion of due diligence.

Copper Search (ASX:CUS) has received commitments to issue more than 7 million fully paid ordinary shares at 13 cents/share under a private placement to sophisticated, professional and institutional investors to raise up to $1 million along with up to $214k of shares to directors and other significant shareholders who require shareholder approval.