{"id":4976,"date":"2024-01-29T00:06:10","date_gmt":"2024-01-29T00:06:10","guid":{"rendered":"https:\/\/economicherald.net\/?p=4976"},"modified":"2024-01-29T00:06:10","modified_gmt":"2024-01-29T00:06:10","slug":"top-10-at-10-gold-acquisitions-messy-legal-stuff-and-this-why-we-have-the-african-discount","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4976","title":{"rendered":"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount"},"content":{"rendered":"

Stockhead\u2019s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.<\/p>\n

It\u2019s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.<\/p>\n

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every\u00a0ASX\u00a0stock has started trading.<\/p>\n

\u00a0<\/p>\n

WINNERS<\/strong><\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click\u00a0headings to sort).<\/em><\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap AVW Avira Resources Ltd 0.002 100% 504,303 $2,133,790 MKG Mako Gold 0.0125 39% 22,072,827 $5,961,685 CBE Cobre 0.088 31% 15,148,538 $19,223,037 VMS Venture Minerals 0.009 29% 4,653,350 $15,470,091 JTL Jayex Technology Ltd 0.01 25% 175,582 $2,250,228 NES Nelson Resources 0.005 25% 1,000,091 $2,454,377 ROG Red Sky Energy. 0.005 25% 50,000 $21,208,909 AQD Ausquest Limited 0.012 20% 875,570 $8,251,492 ESR Estrella Res Ltd 0.006 20% 966,084 $8,796,859 HOR Horseshoe Metals Ltd 0.006 20% 288,991 $3,232,393 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

Mako Gold (ASX:MKG)<\/a> is \u2018boots on the ground\u2019 at the flagship ~900koz Napi\u00e9 gold project in C\u00f4te d\u2019Ivoire in readiness for \u201can impending resurgence in the interest in gold exploration\u201d.<\/p>\n

Due diligence on acquiring the neighbouring Goldridge ground is also progressing, the company says.<\/p>\n

An early stage survey undertaken by junior Cobre (ASX:CBE)<\/a> and mid-tier miner Sandfire (ASX:SFR)<\/a> along the Kalahari Copper Belt has dialled in on \u201cpriority settings\u201d for potential large scale copper-silver deposits.<\/p>\n

\u00a0<\/p>\n

LOSERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click headings to sort).<\/em><\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap SRX Sierra Rutile 0.075 -42% 504,394 $55,150,738 DXN DXN Limited 0.001 -33% 3,636 $3,230,010 CXL Calix Limited 1.68 -28% 505,373 $424,490,524 ETR Entyr Limited 0.011 -27% 5,541,533 $29,746,558 MHC Manhattan Corp Ltd 0.003 -25% 1,457,619 $11,747,919 TAS Tasman Resources Ltd 0.004 -20% 13,888 $3,563,346 BDT BirdDog Technology 0.07 -19% 62,309 $16,601,533 KNM Kneomedia Limited 0.0025 -17% 150,000 $4,599,814 M4M Macro Metals Limited 0.0025 -17% 41,670 $7,401,233 NVQ Noviqtech Limited 0.0025 -17% 88,957 $3,928,336 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

The \u2018African discount\u2019<\/a> is\u00a0 commonly applied by analysts on account of the political risks of operating in Africa.<\/p>\n

Iluka (ASX:ILU)<\/a> mineral sands spinout Sierra Rutile (ASX:SRX)<\/a> is the latest African mining stock to be hit with jurisdictional curveballs as the Government of Sierra Leone demands a substantial payment.<\/p>\n

This would which would make mining of Area 1 uneconomic, the company says.<\/p>\n

The government has also issued a suspension notice to for operations at Area 1, which will take effect from 11 March 2024.<\/p>\n

Environmental tech company Calix Limited (ASX:CXL)<\/a> will move its Leilac-2 research project to another site after weak cement demand forced owner Heidelberg Materials to end clinker production at its Hanover cement plant in germany.<\/p>\n

Leilac-2 \u2013 which could help de-carbonise the heavily pollutive cement industry \u2014 is well advanced, and was on track for construction in 2024.<\/p>\n

Video stock BirdDog Technology (ASX:BDT)<\/a> is mired in messy legal proceedings in California and Australia.<\/p>\n

<\/span><\/p>\n

The post Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4976","post","type-post","status-publish","format-standard","hentry","category-finance"],"yoast_head":"\nTop 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount - 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=4976\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Stockhead\u2019s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=4976\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-29T00:06:10+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4976#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4976\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount\",\"datePublished\":\"2024-01-29T00:06:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4976\"},\"wordCount\":455,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=4976#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4976\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=4976\",\"name\":\"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"datePublished\":\"2024-01-29T00:06:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4976#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=4976\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4976#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=4976","og_locale":"en_US","og_type":"article","og_title":"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount - Economic Herald","og_description":"Stockhead\u2019s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. [more...]","og_url":"https:\/\/economicherald.net\/?p=4976","og_site_name":"Economic Herald","article_published_time":"2024-01-29T00:06:10+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=4976#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=4976"},"author":{"name":"","@id":""},"headline":"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount","datePublished":"2024-01-29T00:06:10+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=4976"},"wordCount":455,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=4976#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=4976","url":"https:\/\/economicherald.net\/?p=4976","name":"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"datePublished":"2024-01-29T00:06:10+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=4976#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=4976"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=4976#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Top 10 at 10: Gold acquisitions, messy legal stuff, and this why we have the African Discount"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/4976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4976"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/4976\/revisions"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}