Top 10 at 11: Boardroom battles and spinning drills are driving the market this morning

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.

Which I promise I’ll get to in a minute, but before I can write anything, I need to pop outside and let the guys from my local council know that if they don’t take their leaf blowers and whipper-snippers somewhere far, far away, then one of them is going home with a leaf-blower lodged somewhere very private, and very painful.

Wretched bloody things they are… and the leaf-blowers are horrible as well.

Anyway – 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
BP8	Bph Global Ltd	0.002	33%	1,500,000	$2,423,345
ASP	Aspermont Limited	0.01	25%	46,236	$19,510,110
LSR	Lodestar Minerals	0.005	25%	1,000	$8,093,589
NC6	Nanollose Limited	0.03	20%	19,000	$3,722,159
ESR	Estrella Res Ltd	0.006	20%	50,000	$8,795,359
ETR	Entyr Limited	0.007	17%	288,891	$11,898,623
WSR	Westar Resources	0.022	16%	205,964	$3,521,793
TOY	Toys R Us	0.015	15%	122,789	$12,772,026
FME	Future Metals NL	0.046	15%	1,209,216	$16,528,161
NTM	Nt Minerals Limited	0.008	14%	35,522	$6,019,320

BPH Energy (ASX:BPH) – Up this morning in the wake of the company’s AGM, during which Huang Qing Gu lost his seat on the board, clearing the way for Mathew Leonard to be appointed as Managing Director.

Aspermont (ASX:ASP) – Mining and resources media services provider Aspermont is up on news that control of Blue Horseshoe Ventures, in which Aspermont was a founding shareholder, has been returned to the Board after Blue Horseshoe entered Voluntary Administration on 16 August this year.

Westar Resources (ASX:WSR) – Up on news that the company has the drills spinning today at its Olga Rocks gold-lithium project in WA.

4D Medical (ASX:4DX) – Up on news that it has signed a rump of new SaaS contracts that will see it expand its services into the Detroit and Memphis communities in the United States.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
AMD	Arrow Minerals	0.001	-33%	400,000	$4,535,648
HLS	Healius	1.2	-29%	2,092,442	$967,993,686
KNM	Kneomedia Limited	0.003	-25%	450,000	$6,019,141
REM	Remsensetechnologies	0.03	-25%	271,650	$4,227,334
IEC	Intra Energy Corp	0.004	-20%	1,816,000	$8,303,908
ME1	Melodiol Glb Health	0.0025	-17%	10,019,363	$12,575,830
ATH	Alterity Therap Ltd	0.006	-14%	12,737,474	$17,079,283
ICN	Icon Energy Limited	0.006	-14%	20,000	$5,376,096
OAU	Ora Gold Limited	0.006	-14%	450,000	$39,355,173
VRC	Volt Resources Ltd	0.006	-14%	2,495,575	$28,507,967

Healius (ASX:HLS) – It’s… messy. Healius has a buyout offer on the table from Australian Clinical Labs, has entered into an agreement with its debtors to waive Healius’ gearing covenant for 1HY24 and temporarily increase Healius’ gearing covenant in respect of 30 June 2024 from 3.5x to 4.0x – and announced the successful completion of an accelerated 1 for 3.65 pro-rata entitlement offer that has brought in $154 million at $1.20 per share.

RemSense Technologies (ASX:REM) e – Showing a drop this morning after the company launched a 1:1 entitlement offer at $0.02 per share.

Alterity Therapeutics (ASX:ATH) – Dipping after revealing firm commitments to raise $4.8 million through a a two tranche placement of ordinary shares.