ASX questions Oroya over share price bounce

IN a stock market taking a battering as investors retreat amid fears of a US recession, the stocks that run hot become all the brighter. One such stock caught the attention of the Australian Securities Exchange this week, with nickel, copper and uranium explorer Oroya Mining Ltd asked to explain its 95 per cent jump in share price gain on Tuesday. Oroya told the ASX it was not aware of any information not already announced that would have trigged the strong trading, which pushed its shares from 2.1 cents to a high of 4.1 cents. Enjoying the spoils of the share price run was Oroya chairman and director Kenneth Lim, who bought 1.7 million shares at an average price of 2 cents on January 4. The change of directors interest notice was lodged with the ASX on Tuesday, revealing Mr Lim had doubled his investment in four days. Oroya said it had previously revealed in November that its joint venture partner at its Roe Hills nickel project, VALE INCO, was planning to commence diamond drill testing of nickel targets in late January.


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Novo Litio (NLI)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
217thSpectrum Rare Earths50%-19%
535thBBX Minerals-10%78%
536thNovo Litio-10%114%
694thGraphex Mining-40%0%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$42k Bought
$16k Sold
$225k Sold
Total value as at the date of the transaction
Source: Morningstar


225th↑Novo Litio$125k
269th↑Graphex Mining$47k
270th↑Windward Resources$46k
272nd↑Spectrum Rare Earths$45k
273rd↑BBX Minerals$45k
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Novo Litio

598thFrancis Wedin$206k
268thJohn Fitzgerald$87k
thMathew Whyte$64k
Ranked by total remuneration from all listed WA companies

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