Strike Energy (ASX:STX) is far and away the most talked about stock on the HotCopper forums today – and not quite in the most positive light – after the energy producer confirmed another Western Australian energy smallcap, Carnarvon Energy (ASX:CVN), had bought in with a 20% stake.
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Holders were mostly unhappy because Carnarvon got to buy into the explorer at a very discounted 12cps; STX fell accordingly, to around 13.5cps by 1pm.
Insignia Financials (ASX:IFL) has been trending too, and for a similar reason: CC Capital has finally been locked in to buy the company. The blockbuster financials deal has been discussed and mooted for more than a year.
And, West Coast Silver (ASX:WCE) has hit headlines after unveiling plans for a cap raise. The move comes barely a day after potential farm-in partner Falcon Metals (ASX:FAL) hit soil anomalies once a WCE-held licence.
The ASX has slowly dropped and is all but flat at -0.01% after opening up.
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