The blue chip bargain hunters were filling their investment sacks yet again today with the market gaining close to 2% as investors snapped up energy stocks.
But if you want a real gain, find out whick stock kicked 47%?
Shares in Latin Resources are expected to lift after it discovered copper mineralisation continues over 1.1kms of strike at the Ilo Este project. This potentially points to a large copper porphyry system. The company is already in discussions with a number of potential partners.
Alexium enters 2015 in a strong position with increasing recurring revenues and sales growth, low cash costs and over $5m in cash. The market is moving towards the company's cost effective environmentally friendly FR solutions as bromine is replaced in consumer products and the Defense sector. Shares are expected to trade higher.
Segue Resources will move to 100% of Plumridge East JV after entering into an unconditional agreement to acquire Fraser Range Metals Group interest. Plumridge is located on the same Fraser Range gravity high as the Nova-Bollinger nickel and copper deposit. Exploration is underway.
The Queensland Government Department of Environment and Heritage Protection's appointed external consultant has finished its review of the Company’s Decommissioning Report and Rehabilitation Plan for Carbon Energy's Blue Gum Gas project in the Surat Basin.
South Boulder continues to advance the Colluli Potash Project, and has now finalised the open cut mining method which offers capital and operating cost advantages. All inclusive mining costs forecast at $3.29 per tonne of material mined. The PFS is expected to be completed in February 2015.
U.S. stocks rose Friday as oil rebounded, with markets posting three positive sessions in a row for solid weekly gains, their biggest since October. Gold also ticked higher. The ASX SPI 200 is up 17 points to 5329.
Discussions are underway with a number of potential funders to finance the Matilda Gold Project through feasibility and into production. Operations at the 4.4 million ounce project could be restarted in late 2015. Initial Capex is estimated at $24.6 million.
The first hole at the Kabikupa prospect has intersected 17.4 metres at 1.18% copper. Assays from the remaining three wells are pending. Drilling at the Lumwana West Copper Project in Zambia with Antofagasta will resume in April/May 2015 at the onset of the 2015 dry season.
Funds raised will ensure the San Santiago plant operates at the level required to meet the company’s 2015 forecast production targets. Minera Gold has already recorded positive cash flows from the plant in the September 2014 quarter. This is likely to rise in the December quarter.
Shareholders have demonstrated their confidence in ASF Group and its activities by subscribing for 33,852,492 shares. This represents about 63.58% of the shares offered under the rights issue priced at $0.18 per share. Funds will be used to fund current investments and for working capital.
Visible copper mineralisation has been observed in new holes drilled at the Ilo Norte Project by earn-in operator Zahena. This provides more evidence of copper mineralisation over an increasingly wide area. There is 125 billion pounds of copper within 100 kilometres of the project.