Top 10 at 11: Complex deals and Rare Earths are making news today

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant 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 that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

Briefly, here’s what’s been happening already this morning: The ASX Futures index was pointing a very muted 0.1% higher before the opening bell this morning, and moved past that in the opening minutes of trade to +1.5% early on.

That’s after another mixed session on Wall Street where everyone seems to be holding their breath and waiting for more US jobs data.

Meanwhile, local investors will have been mulling over RBA boss Michelle Bullock’s comments yesterday that it’s still “premature” to be talking about rate cuts, despite how much federal Treasurer Jim Chalmers has been pleading from the sidelines this week.

There’s some slightly good news in commodities, where iron ore has bounced back 1.95% to US$92.70, oil prices have been relatively steady and copper has jumped 1.7% overnight.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
OSM	Osmond Resources	0.165	135.7	149,665	$4,435,389
GCM	Green Critical Min	0.003	50.0	150,000	$2,937,085
NSM	Northstaw	0.018	38.5	159,597	$1,818,385
ADG	Adelong Gold	0.005	25.0	1,000,000	$4,471,956
AS2	Askari Metals	0.021	23.5	70,000	$1,667,192
ERA	Energy Resources	0.006	20.0	128,281	$110,741,496
PRM	Prominence Energy	0.006	20.0	610,717	$1,556,882
BSX	Blackstone	0.049	19.5	14,242	$21,645,414
MQR	Marquee Resource	0.019	18.8	6,019,549	$6,662,150
ASO	Aston Minerals	0.014	16.7	100,000	$15,540,771

Osmond Resources (ASX:OSM) was off to a flying start on Friday morning, coming back from a trading halt called while it announced that it has executed a staged acquisition for 80% of Iberian Critical Minerals, which currently holds a 100% interest in the capital of Omnis Mineria, which in turn holds a 51% interest in the capital of Green Mineral Resources, which in turn holds a 100% interest in the rights and title to the Orion EU Critical Minerals Project in Jaén Province, Andalucía, Southern Spain.

Prominence Energy (ASX:PRM) was also climbing, on news that Hartshead Resources has taken up a strategic investment in Prominence, in a private placement to HHR of $389,000 (before costs), giving HHR a 19.9% stake in the company. Managing Director Alex Parks has indicated that he will be leaving the company, while Bevan Tarratt has joined PRM as Executive Director and Quinton Meyers has also agreed to join PRM as a Non-Executive Director.

Marquee Resources (ASX:MQR) has revealed that it has recently completed a slim-line RC drilling program at the Redlings Rare-Earth Element project, with assays coming back from the lab showing 10 holes from this first sample batch have each returned + 10m at >1,000ppm TREO, including multiple near surface intercepts with peak assays of up to 5,850 ppm TREO.

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
CNJ	Conico	0.001	-33.3	982	$3,302,291
BIT	Biotron	0.019	-32.1	9,674,696	$25,264,659
NES	Nelson Resources	0.003	-25.0	335,000	$2,454,377
AL8	Alderan Resource	0.002	-20.0	375,000	$3,182,153
JAV	Javelin Minerals	0.002	-20.0	1,755,783	$10,692,115
BMM	Balkan mining	0.042	-14.3	166,169	$4,215,985
SRN	Surefire Resources	0.006	-14.3	4,837	$13,904,155
MKR	Manuka Resources.	0.031	-13.9	434,673	$28,071,636
RFA	Rare Foods Australia	0.015	-11.8	70,116	$4,623,715
AX8	Accelerate Resources	0.009	-10.0	781,250	$6,217,539