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