To The Moon

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,283.60 points, down -0.32% in the past 5 days. During the last 5 trading days, $Liontown Resources Ltd(LTR.AU)$ $RAMELIUS RESOURCES LTD(RMS.AU)$ $PERSEUS MINING LTD(PRU.AU)$ $De Grey Mining(DEG.AU)$ $BLUESCOPE STEEL LTD(BSL.AU)$ were up 19.41%, 18.86%, 12.37%, 11.65%, and 9.91% respectively. 1. $Liontown Resources Ltd(LTR.AU)$ - copper rise and broker recommendation Liontown Resources Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for lithium, gold, vanadium, copper, and nickel deposits, as well as platinum group elements. The copper price has also risen by 0.8% to US$4.45 per pound. ASX broker Bell Potter has come out with a speculative buy rating on Liontown shares. The broker gives the Liontown share price a 12-month target of $2.81. If realized, this would result in an upside of more than 75% from where the shares are right now. That would obviously be a very alluring prospect for investors and could explain why we are seeing such a noticeable rush into the Liontown share rice this Friday. 2. $RAMELIUS RESOURCES LTD(RMS.AU)$ - M&A Ramelius Resources Limited, together with its subsidiaries, engages in the exploration, mine development and operation, production, and sale of gold in Australia. Gold price has also experienced a slight increase, rising by 0.3% to US$1,733.20 an ounce. Ramelius Resources is seeking to expand its footprint in the gold sector through potential mergers and acquisitions (M&A). The company is considering acquiring other gold producers to increase its production and diversify its portfolio, and is also open to partnering with other companies on exploration projects. Ramelius has recently had success with its acquisition of Spectrum Metals, which has boosted its gold production and resources. The company is now looking to continue this growth through strategic M&A. 3. $PERSEUS MINING LTD(PRU.AU)$ - stellar earnings Perseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa. Perseus Mining has reported strong financial results and is looking to continue its growth through the development of a fourth potential gold mine. The company announced a record net profit of AUD 200 million for the half-year ending December 2021, a significant increase from the same period in the previous year. Perseus attributes this success to a combination of factors, including strong gold prices and the successful ramp-up of its Yaouré gold mine in Côte d'Ivoire. In addition to its financial success, Perseus also announced that it has identified a fourth potential gold mine in West Africa, which it plans to develop in the coming years. 4. $De Grey Mining(DEG.AU)$ - updates on gold deposits De Grey Mining Limited engages in the exploration of mineral properties in Australia. 1) One reason for this may be due to the company's announcement that it has identified several new gold deposits in its Hemi gold project in Western Australia. This news has excited investors, as the Hemi project has already been considered a significant discovery, and the identification of new gold deposits could increase the project's value even further. 2) Additionally, the company's recent drill results have shown strong gold mineralization at the Aquila and Falcon deposits, which has also boosted investor confidence in the company's prospects. The article notes that De Grey's share price has risen by more than 12% in the past week, reflecting this positive news for the company. 3) It's worth noting that gold prices have also been on the rise recently, which could be contributing to the overall positive sentiment around De Grey Mining and other gold mining companies. 5. $BLUESCOPE STEEL LTD(BSL.AU)$ -positive half-year financial results BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. Bluescope Steel Limited has experienced a rally this week due to the company's positive half-year financial results. Bluescope Steel reported a net profit after tax of $939.4 million for the six months ending December 31, 2022, which exceeded market expectations and represented a significant improvement compared to the same period last year. The company's strong financial performance was driven by a combination of factors, including higher steel prices, increased sales volumes, and improved efficiencies in its operations. Bluescope Steel's CEO noted that the company has benefited from a favorable operating environment, which has enabled it to deliver robust earnings and generate strong cash flows.