Market Wrap – 17 July 2014
17 Jul 2014
ASX micro to medium capital resources stocks
Today’s top performer was Blina Minerals NL (ASX: BDI) up 200% to close at $0.003. The company signed a Binding Terms Sheet to explore Diakouli Gold Project located in eastern Burkina Faso. Under the terms, the company may earn an 80% interest in the tenement from Mr Hamidou Baba Traore by spending US$1.0 million on exploration over a four year period and making vendor payments of US$12,500 per annum over the same period.
The worst performer of the day was Caeneus Minerals Limited (ASX: CAD) down 37.5% to close at $0.005. The company reached an agreement with private entity Mining International Pty Ltd to transfer 100% interest in the Wee MacGregor Copper Project in Queensland.
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