To The Moon

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,040.80 points, down 0.12% in the past 5 days.

1. $Bellevue Gold(BGL.AU)$ +10.65%

• The company achieved a significant milestone by commencing gold production at its Leinster mine in WA, coinciding with near-record gold prices at approximately $A3,040/oz ($US1,993/oz).

• The anticipated revaluation as the company transitions into steady-state production will generate substantial free cash flow.

2.  $Genesis Minerals Ltd(GMD.AU)$ +9.71%

• $Dacian Gold Ltd(DCN.AU)$ will be delisted from the ASX next Monday as Genesis Minerals' takeover offer moves to compulsory acquisition.

• Genesis aimed to acquire the remaining 20% of Dacian shares.

3. $WHITEHAVEN COAL LTD(WHC.AU)$ +8.01%

• British hedge fund Bell Rock Capital Management's failed to meet disclosure standards during its activist campaign against the company.

• The Takeovers Panel found Bell Rock's inadequate disclosure of its investment in Whitehaven disrupted market efficiency and transparency for Whitehaven shares.

4. $PALADIN ENERGY LTD(PDN.AU)$ +6.70%

• Paladin operates uranium mines and recently reported a US$11 million loss for the last financial year ending June 30, 2023.

• Analysts predict the company will approach breakeven in 2024, projecting a shift from an expected loss in 2023 to a US$48 million profit in 2024.

• This forecast implies a rapid growth rate of approximately 39% year-on-year.

5. $AMP LIMITED(AMP.AU)$ +6.43% 

• AMP shares surged following the announcement of a settlement agreement regarding a class action initiated on behalf of specific advice practices authorized by AMPFP in 2019.

• The settlement, amounting to $100 million, has been disclosed by AMP. However, the finalization, execution, and approval by the Federal Court are pending.