10 at 11ish: Who got a takeover bid and who is backing out of one?

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.

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 WSP Whispir Limited 48 60 729,287 $39,291,768 BP8 BPH Global Ltd 0.15 50 2,836,637 $1,615,563 ESR Estrella Resources 0.7 40 10,855,676 $8,795,359 KZA Kazia Therapeutics 7 27.2727 323,142 $12,999,216 8IH 8I Holdings Ltd 1.1 22.2222 29,322 $3,216,204 WC8 Wildcat Resources 100.5 20.3593 6,296,085 $869,109,337 CTO Citigold Corp Ltd 0.6 20 2,126,298 $14,368,295 AL3 Aml3D 8.1 17.3913 554,627 $16,253,206 BUX Buxton Resources Ltd 24.5 19.5122 2,493,708 $35,112,106 GRE Greentech Metals 63 15.5963 948,413 $30,971,744

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Communications Platform as a Service (CPaaS) provider Soprano Design has made an off-market takeover bid for all the ordinary shares in Software-as-a-Service (‘SaaS’) provider Whispir (ASX:WSP), which specialises communications management systems via a cloud-based platform for 48 cents cash/share.

Lithium developer Wildcat Resources (ASX:WC8) says latest assay results from the Leia Pegmatite, including 180m @ 1.1% Li2O from 206m in TARC148, confirm it is uncovering a Tier-1 ithium deposit at its Tabba Tabba project near Port Hedland in the Pilbara.

AML3D (ASX:AL3) continues to win contracts in the US, announcing a new contract for a $2.5 million ARCEMY industrial metal 3D printing system for Cogitic, which is a supplier of complex, “cannot fail”, components and assemblies to the US Navy’s submarine program and wider US defence applications.

Buxton Resources (ASX:BUX) says assay results returned from the first diamond drill hole have confirmed high-grade nickel sulphides at the Dogleg Ni-Cu-Co Prospect, West Kimberley Project in WA with 13.85m (true width 13.24m) at 4.35% Ni, 0.34% Cu, 0.15% Co from 177.34m, including 5.86m (true width 5.60m) at 7.47% Ni, 0.31% Cu, 0.25% Co from 179.08m.

GreenTech Metals (ASX:GRE)Diamond Drilling (DDH) has announced that diamond drilling has kicked off at the Osborne JV tenement E47/3719, a joint venture held with Artemis Resources (ASX:ARV).

LOSERS

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

Code Company Price % Volume Market Cap TMR Tempus Resources 0.008 -33% 4,458,323 $4,115,074 YPB YPB Group Ltd 0.002 -20% 1,792 $1,951,154 CUS Copper Search 0.15 -19% 121,096 $15,245,469 DY6 Dy6 Metals 0.086 -14% 271,444 $3,856,249 1AE Aurora Energy Metals 0.095 -14% 457,314 $17,512,762 GSR Greenstone Resources 0.007 -13% 856,972 $10,923,331 TEM Tempest Minerals 0.007 -13% 10,000 $4,091,068 OKR Okapi Resources 0.12 -11% 258,937 $28,361,612 RNE Renu Energy Ltd 0.02 -11% 214 $10,068,504 HXG Hexagon Energy 0.008 -11% 22,222 $4,616,243

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Tempus Resources (ASX:TMR) has announced it will not acquire Aurora Lithium, a private company which owns the Cormorant and White Rabbit projects in central Manitoba, Canada. The company terminated a heads of agreement after completion of due diligence.

Copper Search (ASX:CUS) has received commitments to issue more than 7 million fully paid ordinary shares at 13 cents/share under a private placement to sophisticated, professional and institutional investors to raise up to $1 million along with up to $214k of shares to directors and other significant shareholders who require shareholder approval.

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