Last week’s top performer’s share price jumped more than 170 per cent on the ASX. This episode uncovers its own finds across the resources sector including significant copper, gold and rare earths discoveries.
Brought to you by CPS Capital
FLASHPOINT - TRANSCRIPT
Tim - Here's Matt Birney with the ASX Runners of the Week, thanks to CPS Capital.
Matt Birney - Thanks Tim.
Matt Birney - Okay well, Bass Oil was the week’s big runner with a share price hike of 174 per cent after a gas discovery in South Australia. Its shares hit 9.6c this week after closing out last week at just 3.5.
Matt Birney - Cloud-based communications company Whispir jumped 77 per cent after announcing it would sack 80 people to become cashflow positive by the third quarter of FY23. Its shares jumped to 85c from 48c on the back of that gruesome news.
Matt Birney - Burley Minerals soared 84 per cent after inking a deal to acquire lithium projects in Canada and WA. Burley finished last week at 22c before rocketing to 40.5c this week.
Matt Birney - Tambourah Metals put on 84 per cent after revealing a 500 m-long stretch of pegmatites showing elevated levels of lithium. Its shares hit 28.5 cents - up from 15.5 last week.
Matt Birney - Lithium continues to make headlines with Pilbara Minerals fetching over $8,500 US dollars a tonne at its latest lithium auction, that’s five times higher than its first auction – only a year ago.