To The Moon

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,194.90 points, up 1.72% in the past 5 days. 1. $Chalice Gold Mines(CHN.AU)$ +22.22% Chalice Mining's stock surged after receiving approvals for the next phase of exploration drilling in its Julimar project, aiming to discover high-grade nickel, copper, and platinum elements in new areas near the significant Gonneville Deposit discovered in 2020. Despite the recent rise, the stock remains down 70% over the past year. 2. $ALUMINA LTD(AWC.AU)$ +14.08% Alumina Limited's stock surged after JPMorgan upgraded its rating to overweight, setting a 12-month share price target of $1. Despite a challenging year with shares down 51%, Alumina faced setbacks like a recent net loss and challenges with annual permit renewals. 3. $PERPETUAL LTD(PPT.AU)$ +14.02% Perpetual Ltd, financial services provider, surged after rejecting a A$3.1 billion takeover bid from Washington H Soul Pattinson (WHSP). The offer values shares at A$27 each and proposes to spin off Perpetual's asset management business. Analysts anticipate a potential bidding war, considering past rejected bids, and expect Perpetual's shares to reflect prospects of improved offers. 4. $Home Consortium(HMC.AU)$ +12.32% The rise in Home Consortium's stock might be influenced by the decision of Australia's central bank to maintain stable interest rates at the end of 2023. Rate hike pause means favorable conditions for property investment firms like Home Consortium, which specializes in retail, commercial, and mixed-use properties. This decision might signal stability in borrowing costs, potentially contributing to investor optimism in the property sector. 5. $Magellan Financial GR(MFG.AU)$ +12.13% Magellan Financial Group is an investment management company offering global equities strategies to retail and institutional investors. Individual investors hold 50% of the company, indicating their potential influence on management decisions. While the general public holds significant ownership, institutions also own a substantial portion, at 44%.