In Case You Missed It: M&A, asset sales and biotech profits lead the way
Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.
Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.
Dacian Gold’s (ASX:DCN) board has told investors that they should definitely take up an offer from Genesis Minerals (ASX:GMD) for the latter to acquire all the bits of Dacian it doesn’t already own. It implies a value of $0.235 per Dacian Share which prices the company at around $265m – plus the improved offer if Genesis acquires a relevant interest in at least 95.1% of Dacian Shares on issue works out to $0.27 per share or a value of $328m.
Black Mountain Energy (ASX:BME) has settled the $10.4m sale of its Half Moon prospect, a well in the Permian basin, currently held by subsidiary Seven Rivers.
LCL Resources (ASX:LCL) has received the critical environmental licence for its Miraflores gold deposit, part of the company’s 2.6Moz Quinchia gold project in Colombia.
And Ballymore Resources (ASX:BMR) has flagged extremely high-grade gold results with individual assays up to 2206 ppb Au (2.2 g/t) returned from soil sampling over its Dittmer prospect in Queensland.
Assay results showing up to 2.73% Li from rock chip sampling at the Falcon Main deposit have confirmed mineralisation across a 5km corridor at Battery Age Minerals’ (ASX:BM8) recently consolidated Falcon lithium project in Ontario, Canada.
Anson Resources (ASX:ASN) has upgraded the resource at its Paradox lithium project in Utah by a huge 45% to 1.5Mt of Lithium Carbonate Equivalent (LCE) and 7.61Mt of bromine.
And as part of the approvals pathway to development, the WA Environmental Protection Authority has advised that De Grey Mining’s (ASX:DEG) Hemi will be assessed on referral information followed by a public review process.
At Stockhead we tell it like it is. While Belararox, Battery Age Minerals, Pioneer Lithium, Bindi Metals, Titan Minerals, Fin Resources, Sovereign Metals, Maximus Resources, NickelSearch, Anson Resources, Peregrine Gold, Melodiol Global Health, Blue Star Helium and are Stockhead advertisers, they did not sponsor this article.