To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,959.30 on Friday, up 1.75% in the past 5 days.

1. $PERSEUS MINING LTD(PRU.AU)$ +14.71%

• Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in West Africa. The company holds interests in the Edikan gold mine project located in Ghana. Perseus Mining Limited's large institutional owners must be happy as stock continues to impress, up 10.0% over the past week.

• And as as result, institutional investors reaped the most rewards after the company's stock price gained 10.0% last week. One-year return to shareholders is currently 49% and last week’s gain was the icing on the cake.

2. $RED 5 LTD(RED.AU)$ +13.33%

• One of the world’s largest investment funds, the Vanguard Group, has acquired a substantial stake in Australian gold producer Red 5, which drive the stocks price up!

• Pennsylvania-headquartered Vanguard manages around US$8 trillion ($11.8 trillion) in funds and over 50 million investors. The firm has launched 423 funds globally over the years, with over 200 of them outside of the US. Vanguard is owned by its member funds, which in turn are owned by fund shareholders.

• Following a series of transactions undertaken between 15 March and 5 July 2024, Vanguard has amassed a 5% interest in Red 5 with a holding of over 340 million shares.

3. $DOMAIN HOLDINGS AUSTRALIA LT(DHG.AU)$ +11.26%

• Public companies in Domain Holdings Australia Limited are its biggest bettors, and their bets paid off as stock gained 11% last week.

• The company's largest shareholder is Nine Entertainment Co. Holdings Limited, with ownership of 60%. With such a huge stake in the ownership, we infer that they have significant control of the future of the company.

• Our most recent data indicates that insiders own less than 1% of Domain Holdings Australia Limited. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around AU$5.3m worth of shares (at current prices). Arguably, recent buying and selling is just as important to consider.

4. $EMERALD RESOURCES NL(EMR.AU)$ +9.54%

• Emerald Resources NL has released an update, which may drive the stock price up.

• Emerald Resources NL has announced a record annual gold production of 114,076 ounces from its Okvau Gold Mine in Cambodia, surpassing the 2024 production guidance. The company boasts a strong cash and bullion position of A$162.3 million, along with a dedicated and proven team that has successfully expanded its exploration and resource growth potential in both Cambodia and Australia.

• Emerald Resources has demonstrated robust growth with a 53.4% increase in earnings over the past year. Additionally, its Return on Equity is projected to be high at 20.7%, indicating efficient management and potentially lucrative returns for investors prioritizing insider ownership and growth metrics.

5. $MIRVAC GROUP(MGR.AU)$ +9.54%

• The analysts has pointed to one stock where investors may find more opportunities – Mirvac. Shares in the residential property developer and office landlord have fallen almost 19 per cent in the last year, giving the company a market capitalisation of nearly $7.4 billion. That is almost half the company’s value before the COVID-19 pandemic.

• Mirvac reported subdued earnings in the six months to December 31, and higher financing costs and a $396 million hit to the value of its property portfolio pushed the developer to an after tax loss of $201 million from a profit of $215 million.

• The analysts has recommended clients buy Mirvac shares after a period of “low investor expectations and recent underperformance.” Apartment sales would recover in the next two years, but “profitability will be well below prior peak levels”