Good afternoon and welcome to HotCopper Highlights for Week 6 of the year, I’m Jonathon Davidson. Let’s get into it.
Starting at the end of the week, Dominos pared back one year losses on Friday as it closed hundreds of stores and embarked on a cost-cutting mission under its new CEO. Profits remain within guidance and the company expects to save tens of millions this year – leading to a share price jump over 20%.
Elsewhere, titanium mineral sands explorer Petratherm led the boards on Thursday as it unveiled maiden drilling results showing concentrations of around 6% in intersections around 25 metres wide.
The stock has been on a run since mid-November when it boasted grades of 12% from historical samples, but on Thursday, the company’s shares sold off 25%. Lower grades from drilling failed to excite like November’s results. Still, most commenting HotCopper users remain bullish.
Throughout the week, it was resources sector heavy. WA1 Resources’ latest niobium testwork results attracted attention; VRX Silica’s environmental approval win was of interest, Predictive Discovery’s placement to China’s Zijin mining was hotly watched and Beach Energy earnings also roused interest.
As for what’s being discussed – generating some chatter midweek was Energy Transition Minerals, despite releasing no news. The company has been suing Greenland and Denmark over a mining ban in the former jurisdiction, but since Trump said he wants to buy Greenland, the stock has been going up. The company is so convinced Trump Fever might do something beneficial, it even hired former Liberal Party heavyweight Julie Bishop. Of interest to HotCopper users is also Greenland’s upcoming snap election in March.
That’s HotCopper Highlights for this week, I’m Jonathon Davidson, have a great weekend and we’ll see you on Monday.