Resources Top 5 (ish): Tolga’s top picks, hot IPOs, and all the uranium stocks
Link copied to
Here are the biggest small cap resources winners in early trade, Friday September 3.
The explorer hits the bourse with portfolio of Queensland gold and base metals projects includes Dittmer (a historic high-grade goldfield), Ruddygore (a large copper porphyry target) and Ravenswood (a bunch of drill ready targets in a 17moz gold province).
Ballymore non-exec chairman Nick Jorss is a proven company maker.
As founding managing director of Stanmore Coal (ASX:SMR), he led the company from explorer to producer through the acquisition of the Isaac Plains operation for $1.
You read that right — $1.
His recent deal to buy 90% of the Lenton JV in NSW for Bowen Coking Coal (ASX:BCB) — which includes the mothballed ‘Burton’ mine and associated infrastructure, plus the high-quality ‘New Lenton’ development project – has similar hallmarks.
$VAL I did not know these grades were even possible together.
Feels like this grade ore could produce its own electricity and be an electric motor all in one.
Don’t need many tonnes of this grade.
Can’t wait to drill this! pic.twitter.com/J72cEqvyIN
— Tolga Kumova (@KumovaTolga) August 31, 2021
Paladin is up 50% over the past couple of days to 8-year highs.
(Up on no news)
Genesis has been treading water on its flagship ‘Plavica’ gold-silver-copper project in North Macedonia going on three years.
$16m market cap Genesis had $800,000 in the bank at the end of the last quarter.