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Top 10 at 10: Former rich lister Nathan Tinkler has his eye on this ASX coal stock
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Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.
It’s 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 commenced trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AQC | Auspaccoal Ltd | 0.265 | 96% | 56,766 | $6,815,449.35 |
| XST | Xstate Resources | 0.003 | 50% | 1,450,000 | $6,430,363.30 |
| MCT | Metalicity Limited | 0.004 | 33% | 3,783,109 | $10,376,118.02 |
| AVW | Avira Resources Ltd | 0.005 | 25% | 1,396,009 | $8,475,160.00 |
| AMM | Armada Metals | 0.12 | 20% | 362,085 | $5,000,000.00 |
| WBE | Whitebark Energy | 0.003 | 20% | 512,083 | $14,120,547.99 |
| OIL | Optiscan Imaging | 0.14 | 17% | 164,268 | $74,352,672.24 |
| GLV | Global Oil & Gas | 0.004 | 17% | 409,733 | $5,620,064.12 |
| MEM | Memphasys Ltd | 0.036 | 16% | 177,370 | $24,557,528.45 |
| SOP | Synertec Corporation | 0.22 | 16% | 163,180 | $67,898,506.40 |
A Nathan Tinkler backed consortium wants to buy Australian Pacific Coal (ASX:AQC) and its Dartbrook project. It proposes to subscribe for 19.97% of AQC shares at $0.30 per share for a total of $3.78m.
It would then refinance the company’s debt and buy the rest of the stock for up to $0.30 per share” to allow existing shareholders to take the opportunity to liquidate their investment, should they wish to do so, once the Refinancing has been completed”.
In May 2017, ASIC banned former BRW Young Rich Lister and mining magnate Nathan Tinkler from being a director until February 2021 because of his involvement in the collapse of 11 companies across mining, horse racing and sports.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ALT | Analytica Limited | 0.001 | -33% | 1,991 | $6,920,701.69 |
| GRE | Greentechmetals | 0.245 | -21% | 453,109 | $9,696,799.69 |
| ARE | Argonaut Resources | 0.002 | -20% | 1,440,000 | $9,015,511.96 |
| MGG | Mogul Games Grp Ltd | 0.002 | -20% | 833,333 | $8,158,603.01 |
| PRM | Prominence Energy | 0.002 | -20% | 67,465 | $6,061,522.05 |
| CAE | Cannindah Resources | 0.23 | -18% | 398,230 | $150,639,270.04 |
| ABC | Adbri Limited | 2.21 | -17% | 944,272 | $1,735,989,296.30 |
| BPH | BPH Energy Ltd | 0.015 | -17% | 6,263,791 | $11,969,068.52 |
| SIH | Sihayo Gold Limited | 0.0025 | -17% | 7,332,761 | $18,306,384.27 |
| AOA | Ausmon Resorces | 0.006 | -14% | 4,336,902 | $6,001,025.40 |
