Sleepy tiddler Genesis Resources up 55% on no news, goes into trading halt
Newly listed gold and base metals explorer Ballymore up ~100% in early trade
ASX uranium stocks surge as spot price surpasses 6-year highs
Here are the biggest small cap resources winners in early trade, Friday September 3.
BALLYMORE RESOURCES (ASX:BMR)
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.
You can read more about Ballymore here.
ALL THE URANIUM STOCKS
Uranium is entering boomtown, and stocks are responding in kind.
Topping the yellowcake winners list is freshly listed Canadian explorer 92Energy (ASX:92E), followed by Tolga Kumova favourite Valor Resources (ASX:VAL).
$VAL I did not know these grades were even possible together.
Throw some #uranium #silver #REE #lead #molybdenum
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
Rounding out the top 6 are Cauldron Energy (ASX:CXU) +23%, Laramide Resources (ASX:LAM) +21%, A-Cap Energy (ASX:ACB) +21%, and $2bn market cap near term miner Paladin Energy (ASX:PDN) +22%.
Paladin is up 50% over the past couple of days to 8-year highs.
92E, VAL, CXU, LAM, ACB, PDN share price charts
GENESIS RESOURCES (ASX:GES)
(Up on no news)
The sleepy tiddler — not to be confused with Genesis Minerals (ASX:GMD) or Genesis Energy (ASX:GNE) – surged ~55% on no news before going into a trading halt.
Genesis has been treading water on its flagship ‘Plavica’ gold-silver-copper project in North Macedonia going on three years.
It also has a couple of manganese projects in Queensland and the NT which could be timely – prices for the forgotten battery metals are gathering steam.
$16m market cap Genesis had $800,000 in the bank at the end of the last quarter.
The post Resources Top 5 (ish): Tolga’s top picks, hot IPOs, and all the uranium stocks appeared first on Stockhead.
