Good Afternoon and welcome to HotCopper Highlights for Week 34, I’m Jon Davidson. In this segment we look at the stocks you were watching and discussing the most this week, let’s get into it starting with the most viewed.
Kaili Resources was by and far one of the most viewed (and discussed) stocks this week as the market continues to figure out why the stock’s volatility is so pronounced despite only having an approval to drill in South Australia. Momentum traders jumped on the stock once again on Friday following last week’s indisputable pump, which it’s starting to look like could have been kicked off by possibly questionable actions from Chinese-Australian directors; HotCopper is not alleging criminal activity took place.
Meanwhile, the latest results from HotCopper favourite ZipCo saw that stock among the most viewed for Friday with the company’s FY25 results out – intraday shares climbed 20% higher, bringing it up close to fondly remembered COVID-era highs. Also helping was ZIP’s proposal to list on the NASDAQ.
Finally, long-struggling AVZ Minerals holders whose shares have been suspended for years have been reigniting discussion forums for the now unlisted company as Bill Gates backed US AI geoscience firm KoBold looks to buy AVZ’s portion of a Congolese lithium project. Good luck to them.
And what about the most discussed?
Melbana Energy made the boards once more as the company unveiled fresh plans for more oil drilling in the jurisdiction of Cuba, outlined in a corporate presentation on Thursday. However, delays continue to define the company’s time in the jurisdiction, and the company hasn’t been very vocal about an ongoing economic crisis in Cuba causing massive amounts of its population to leave the island nation.
Fintech Ovanti Limited meanwhile generating chatter as that company inked a deal with New York listed Buy Now Pay Later, or “Pay-in-4” player Shift4, which has seen a revival of some Afterpay era excitement for investors in the sector.
Finally, Guzman Y Gomez made the list, not one you see so often amongst HotCopper darlings, as its Friday FY25 results failed to excite the market. Not helping matters is that if you look at the last two years, the company broke even in the last twelve months despite recording $1B in sales, perhaps leaving the market wondering where exactly the meat of the burrito is. Not even a dividend near 13cents was enough to push the price green.
That’s HotCopper Highlights for this week, I’m Jon Davidson, have a great weekend and we’ll see you on Monday.
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