ASX micro to small-cap resources stocks

14 Nov 2014

The top performer of the day on ASX micro to small-cap resources stocks was Sumatra Copper and Gold PLC (ASX: SUM) up 41% to close at $0.055. Mobilisation of the construction team for the company’s Tembang gold-silver project in Sumatra, Indonesia has commenced. Draw down of the Tranche 1 US$40m, net of transaction costs and first year interest of US$3.0m have been completed. Production is expected within 12 months of project recommencement.

 

The worst performer of the day was Condor Blanco Mines Limited (ASX: CDB) down 50% to close at $0.001. The joint venture with Rio Perdido Gold Limited has expired and the opportunity to proceed with Block 19 of the Sabaleta gold concession in Ecuador is now no longer available due to third party interests.

 

 

Resources Stocks to Watch (RSTW) is the leader in research on ASX micro to mid-cap mining stocks and commodities. We are independent and therefore not sponsored by the mining industry so we tell it like it is. Our research is written by experienced geologists and resources analysts, the experts in the field.

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