Kick Back: The 10 biggest stories you might have missed on Stockhead this week
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This week we got to see a bit of a different side to the normally tantrum-throwing tennis pro Nick Kyrgios.
He managed to entertain Wimbledon fans during a couple of (not-so-great) serves.
Check it out:
Among this year’s Wimbledon fans was the newest adult royal, Meghan Markle, who was there to cheer on close friend Serena Williams, according to News.com.au.
Here’s what you might have missed on Stockhead this week, but everyone else didn’t, and liked the most.
Our readers just love it when explorers say they could be onto something big, especially if you mention “porphyry”.
As we have mentioned several times previously: porphyry deposits can be absolute monsters (in a big way, not a scary way)!
Most of the major copper deposits around the world are porphyry ore bodies, and they range from 100 million to 5 billion tonnes — so yeah, pretty big!
And Sunstone Metals (ASX:STM) is about to prise open the core of a potentially big copper-gold porphyry system in Ecuador. So keep your eyes peeled for what comes next.
When several analysts recommend a stock, it must be hot right?
Our data guru Nick Sundich took a look this week at which stocks were receiving the most love from analysts.
He came up with a list of 13 stocks that had been the subject of five reports or more. Read all about them.
Gold…. need I say more? Yep, it’s still above $2000 an ounce in Aussie dollars and that’s enough to keep our readers checking on the gold stocks.
Of course, it probably helps that junior Rumble Resources (ASX:RTR) has well-known and respected gold and base metals miner Independence Group (ASX:IGO) in its corner.
The pair have made a significant gold discovery about 100km north-east of the world-class Nova nickel-cobalt-copper mine in the remote Fraser Range.
And Stockhead readers heard the news from us first, with ‘Garimpeiro’ columnist Barry FitzGerald breaking the news before either company had even told the ASX.
Sure, iron ore and gold prices have cracked new highs – and that’s great for the producers, but for the little guys still trying to get a project up, competition for capital is still tough.
However, according to Morgans, that’s why now might be a good time to look at junior resources stocks: because they are so cheap.
As Luigi used to say about WA Salvage: “We’re not fancy, but we’re cheap!”
For those millennials and Gen Zs out there that might be reading this and have no idea what we’re talking about, here you go:
China and cannabis…those are two words we never thought we’d hear mentioned in the same sentence.
But seriously, China wants to become a big hemp producer.
Hemp was re-legalised in Yunnan in 2010, followed by Heilongjiang province in 2017. A further five provinces are expected to open up for hemp cultivation by 2020.
The specifics are still a bit iffy, so you should probably just read the story to get a better understanding.
Who doesn’t love a good share price run? And when 23 stocks have a nice one-day 100 per cent gain, it’s worth celebrating.
There are biotechs, those getting into the uranium and rare earths market (two really hot sectors right now), and of course tech stocks.
And still more gold…
But seriously you can’t go past the first gold pour at a mine – that is a historic moment for any miner.
And that’s exactly what Gold Road Resources (ASX:GOR) and its partner Gold Fields did this week at their Gruyere (no, we’re not being cheesy) mine.
Investors in Gold Road will be heading to the pub for a celebratory drink today after the ASX’s newest gold producer just became a $1 billion stock.
It’s tough to say whether this is in the top 10 because it’s about rare earths or X-Men.
Stockhead was treated to a first-hand look at just how Australia’s newest, and just second, heavy rare earths mine – Browns Range – works.
And found out why the whole thing is named after X-Men characters.
We simplified the rare earths process for our readers just a tad, but you can see just how it works right here.
Nothing better than when a deal that’s been long promised finally gets done.
And readers loved the fact that AusCann had finally sealed a deal with poppy grower Tasmanian Alkaloids, which will supply the Perth drug maker with cannabis resin.
Resin is made from cannabis plants and used as a raw material from which oils, pills and other solutions can be made.
And there was a bunch of other pot stuff that happened that day too. Check it out.
Always (well, often anyway) a winner is our recap of the month’s top 50 small cap miners and explorers.
And it’s pretty much anyone in gold, uranium or rare earths right now.
You can see for yourself which explorers and miners investors are favouring right now.
That is all. Enjoy your weekend.