{"id":11986,"date":"2024-07-08T01:16:07","date_gmt":"2024-07-08T01:16:07","guid":{"rendered":"https:\/\/economicherald.net\/?p=11986"},"modified":"2024-07-08T01:16:07","modified_gmt":"2024-07-08T01:16:07","slug":"top-10-at-11-takeover-talks-and-assay-results-dominate-the-mornings-news","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11986","title":{"rendered":"Top 10 at 11: Takeover talks and assay results dominate the morning\u2019s news"},"content":{"rendered":"<p>Good morning, and welcome to Stockhead\u2019s 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.<\/p>\n<p>The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading \u2013\u00a0for better or worse \u2013\u00a0and then I do my best to make sense of who\u2019s moving where and why it might be happening.<\/p>\n<p>Anyway\u2026 here\u2019s what\u2019s been happening since the doors were opened this morning\u2026<\/p>\n<p>The ASX got off to a bumpy start this morning, with InfoTech stocks surging but the Materials sector has gone the other way thanks to the short-lived nature of the recent iron ore price spike, dragging the ASX 200 benchmark down by -0.25%.<\/p>\n<p>\u00a0<\/p>\n<h2>WINNERS<\/h2>\n<p>Stocks highlighted in yellow have made market-moving announcements (click headings to sort).<\/p>\n<div class=\"supsystic-table-loader spinner\"><\/div>\n<div class=\"supsystic-tables-wrap \">\n<div class=\"supsystic-tables-features\"><\/div>\n<p>Code Description Last % Change Volume MktCap RXM Rex Minerals Limited 0.448 62.7 10,323,183 $211,172,959 T3D 333D Limited 0.008 60.0 505,607 $597,225 LVH Livehire Limited 0.018 38.5 1,105,778 $4,804,773 POS Poseidon Nick Ltd 0.005 25.0 20,800 $14,854,139 A3D Aurora Labs Limited 0.095 21.8 2,662,478 $28,218,964 GMN Gold Mountain Ltd 0.003 20.0 1,000,033 $7,944,359 LPD Lepidico Ltd 0.003 20.0 200,000 $21,472,798 FBR FBR Ltd 0.038 18.8 7,414,768 $142,142,399 PHX Pharmx Technologies 0.053 17.8 117,461 $26,932,806 MRR Minrex Resources Ltd 0.010 17.6 1,407,980 $9,221,374 BMO Bastion Minerals 0.007 16.7 100,000 $2,610,503 <!-- \/#supsystic-table-14989.supsystic-table --><\/p>\n<div class=\"stbConditionsData\"><\/div>\n<\/div>\n<p><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.36 --><!-- http:\/\/supsystic.com\/ --><a title=\"Wordpress Table Plugin\" href=\"https:\/\/supsystic.com\/plugins\/wordpress-data-table-plugin\/?utm_medium=love_link\" target=\"_blank\" rel=\"noopener\">WordPress Table Plugin<\/a><\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/rex-minerals-rxm\/\"><strong>Rex Minerals (ASX:RXM)<\/strong><\/a> was the early flyer on Monday morning, no news that it\u2019s entered a scheme implementation deed that will see MACH Metals Australia buy the entire company for <span>$0.47<\/span><span> per Rex share \u2013 which is a huge premium of 79% to Rex\u2019s 30-day VWAP2 and 98% to the 90-day VWAP, valuing the company at $393 million.<\/span><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/gold-mountain-gmn\/\"><strong>Gold Mountain (ASX:GMN)<\/strong><\/a> \u00a0was also moving quickly on Monday, on news that the company has received assays <span>from regional stream sediment sampling with widespread anomalies <\/span><span>that cover a <\/span><span>total area of approximately 80km2, signallingpotential for ultra-high grade hard rock monazite hosted REE-Nb-U-Sc mineralisation at its Down Under project.<\/span><\/p>\n<p><span>Robotic technology company\u00a0<\/span><a href=\"https:\/\/stockhead.com.au\/company\/fbr-fbr\/\"><strong>FBR (ASX:FBR)<\/strong><\/a> was up on news that its <span>its first next-generation Hadrian X construction robot has arrived in the United States, where it will be transported to a facility in Fort Myers, Florida to undergo testing.<\/span><\/p>\n<p>And <a href=\"https:\/\/stockhead.com.au\/company\/bastion-minerals-bmo\/\"><strong>Bastion Minerals (ASX:BMO)<\/strong><\/a> was up early on news that s<span>oil sampling has <\/span><span>defined elevated l<\/span><span>ithium<\/span> <span>to 120 ppm north of the post<\/span><span>\u2013<\/span><span>tectonic granite (Agl) <\/span><span>identified in government mapping, along with e<\/span><span>levated <\/span><span>tantalum<\/span> <span>(to 18 ppm)<\/span><span>, rubidium<\/span> <span>(to 234 ppm)<\/span><span>, tin <\/span><span>(to 13 ppm) <\/span><span>and cerium<\/span> <span>(to 115 ppm)<\/span> <span>occur <\/span><span>in the south of the soil grid, at its 100% owned Split Rock Dam project in WA.<br \/>\n<\/span><\/p>\n<p>\u00a0<\/p>\n<h2>LAGGARDS<\/h2>\n<p>Stocks highlighted in red have made market-moving announcements (click headings to sort).<\/p>\n<div class=\"supsystic-table-loader spinner\"><\/div>\n<div class=\"supsystic-tables-wrap \">\n<div class=\"supsystic-tables-features\"><\/div>\n<p>Code Company Price % Change Volume Market Cap PAM Pan Asia Metals 0.100 -37.5 56,550 $29,682,935 LSR Lodestar Minerals 0.001 -33.3 1,473,224 $3,035,096 OVT Ovanti Limited 0.008 -33.3 6,979,537 $14,881,266 DTR Dateline Resources 0.007 -22.2 6,596,217 $13,117,923 MVL Marvel Gold Limited 0.007 -22.2 4,347 $7,774,116 ATH Alterity Therap Ltd 0.004 -20.0 160,017 $26,225,577 HLX Helix Resources 0.002 -20.0 2,852 $8,160,484 PNX PNX Metals Limited 0.004 -20.0 165,000 $29,851,074 LMS Litchfield Minerals 0.130 -18.8 365,248 $4,410,000 1MCDA Morella Corporation 0.050 -16.7 142,780 $14,829,119 <!-- \/#supsystic-table-14990.supsystic-table --><\/p>\n<div class=\"stbConditionsData\"><\/div>\n<\/div>\n<p><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.36 --><!-- http:\/\/supsystic.com\/ --><a title=\"Wordpress Table Plugin\" href=\"https:\/\/supsystic.com\/plugins\/wordpress-data-table-plugin\/?utm_medium=love_link\" target=\"_blank\" rel=\"noopener\">WordPress Table Plugin<\/a><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/news\/top-10-at-11-takeover-talks-and-assay-results-dominate-the-mornings-news\/\">Top 10 at 11: Takeover talks and assay results dominate the morning\u2019s news<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Good morning, and welcome to Stockhead\u2019s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning <a href=\"https:\/\/economicherald.net\/?p=11986\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11987,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top 10 at 11: Takeover talks and assay results dominate the morning\u2019s news - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11986\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 at 11: Takeover talks and assay 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