The Thomson Resources Ltd (ASX: TMZ) share price rallied on Wednesday after the miner posted an update on its Conrad Project.

The miner and its technical consultants have identified significant exploration potential at its silver project.

The Thomson Resources share price jumped 7.7% to close the day at $0.14 when the S&P/ASX 200 Index (Index:^AXJO) fell 0.3%.

Conrad fires up the Thomson Resources share price

The miner said that Conrad is historically the largest silver producer in the NSW section of the New England Fold Belt.

The area’s historic production of 3.5 million ounces (Moz) silver at a grade of approx. 600 g/t and significant co-products of lead, zinc, copper and tin.

The more bullish estimate for Thomson Resources’ Conrad Project came through the assessment of holes completed post the previous mineral resource estimate and new mine modelling based on true width, rather than the previously artificially constrained mining widths.

Bigger and more prospective than originally thought

Previous exploration data at the project seemed to have underestimated the potential of Conrad.

For instance, six core holes were drilled within the Conrad mineral resource area in 2010 by its previous owner. These were not included in the 2008 mineral resource estimate.

Two of these holes intersected significant mineralisation with estimated true widths including 1.2 m @ 790.9 g/t of silver (Ag) and 1.6 m @ 159.5 g/t Ag.

Potential upgrade in the wings

Thomson has appointed AMC Resource Consultants to undertake the systematic mineral resource re-estimations.

“A re-validated 138 drill hole data database and a new 3D Lode and Alteration model has been built for Conrad by Thomson’s technical consultants Global Ore Discovery and delivered to AMC to initiate the new resource calculation,” said the miner.

“The average estimated true width for the intercepts within the Conrad Lode Model is 1.7m, suggesting that significantly more tonnes of mineralisation will be considered in the new mineral resource estimate when compared to the fixed 1.2 m mining width parameters applied in the 2008 mineral resource estimate.”

Surging commodity prices adds fuel to the Thomson Resources share price

The recent surge in commodity prices also bodes well for the economics of the project. The price run may allow for lower cut off grades to be used for both the high-grade shoots and lower grade near surface Greisen Zone.

“New AgEq gram x metre modelling of the Conrad Lode system shows that several of the key mineralised shoots are open and untested below 350 m depth, indicating priority mineral resource extension drill targets,” added Thomson.

“VLF-EM geophysical surveys completed in 2010 of 7.5 km along the trend identified conductivity anomalies coincident with the known lodes and a series of high priority conductivity anomalies along the 5 km trend south-east of the known lodes. These represent priority exploration drill targets.”

The post Thomson Resources (ASX:TMZ) share price surges on exploration results appeared first on The Motley Fool Australia.

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Brendon Lau does not own shares mentioned in this article. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The QuickFee Ltd (ASX: QFE) share price finished the day in the green following the company’s CEO transition and trading update.

By close of trade, shares in the professional services payment provider had travelled 2.04% higher to 25 cents. In earlier trade, the company’s shares leapt by as much as 12.2% to 27.5 cents before retreating to their current level.

CEO transition completed

Investors were buying up QuickFee shares in response to the company’s latest news.

In a statement to the ASX, QuickFee announced it’s appointed Eric Lookhoff as its new CEO. This comes as founder and current CEO Bruce Coombes steps into the role of managing director of Australian operations. Coombes’ new responsibilities also include delivering special projects to market.

Lookhoff, the incoming CEO, will take over the reins on 1 July and join the board as an executive director. Previously, Lookhoff was QuickFee’s president of its United States business from February 2021. 

QuickFee chair Barry Lewin said:

Bruce created our Australian and US businesses from a standing start and achieved significant organic growth. He will continue to be a major contributor to QuickFee in the company’s next phase of growth, as a board member and in his new role overseeing Australia and other major growth projects.

We are delighted to have someone of Eric’s calibre to drive the overall growth of QuickFee going forward. Eric brings a unique skillset, enormous experience, and a strong US professional network that will ensure QuickFee is best able to capitalise on major growth opportunities in QuickFee’s payments business. This change in leadership positions QuickFee well for the future.

Trading update

In a positive sign of recovery, QuickFee stated operating performance for May and June has delivered encouraging results. While no financial details were given, the company revealed three key areas are witnessing growth in Q4 FY21. They are Australian traditional financing, United States PayNow transaction volumes, and QuickFee instalments in both geographical markets.

Finally, the company noted traditional financing in the US is in line with the previous quarter (Q3 FY21). The US Government’s stimulus measures have been blamed for weighing down on QuickFee’s lending growth.

QuickFee share price snapshot

QuickFee shares have fallen by around 45% over the past 12 months. Year to date share price performance has also been subpar, with the company recording a 36% decline.

On valuation grounds, QuickFee commands a market capitalisation of roughly $51 million, with approximately 201 million shares on issue.

The post Why the QuickFee (ASX:QFE) share price jumped higher today appeared first on The Motley Fool Australia.

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• Why the Credit Clear (ASX:CCR) share price is up 12% today

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Coda Minerals Ltd (ASX: COD) share price went gangbusters today. At close of trade, shares in the mineral explorer are sitting at $1.19 each. That’s an incredible 235.21% higher than yesterday’s closing price.

This monumental price rise comes after the company announced a “significant” iron oxide copper-gold (IOCG) result at its South Australian mine. IOCG ore can contain large amounts of copper, gold, and sometimes uranium.

Let’s take a closer look at today’s news.

Why the Coda Minerals share price struck proverbial gold

In a statement to the ASX, Coda Minerals, along with its 30% ownership partner Torrens Mining Ltd (ASX: TRN) – also up an impressive 106% today, declared “highly encouraging” preliminary results at Emmie Bluffs Deep in its Elizabeth Creek project in SA.

According to the statement, its initial drill hole yielded “a 200m sequence of intense haematisation and alteration,” in other words, signs of IOCG deposits. These included “a 50m sequence of zoned copper sulphide mineralisation.”

Coda Minerals has stressed in its announcement, however, these initial drill results are indicative only and yet to be confirmed in a laboratory. Investors are clearly jumping on the bandwagon anyway, judging by the performance of the Coda Minerals share price today.

Management commentary

Coda Minerals Chair Keith Jones said:

We have long known we are exploring in elephant country – a view backed up not only by the world class projects which surround us, but also by historical and geophysical evidence of an IOCG system in the northern part of the tenure.

Given that we knew the enormous potential of our tenure, it is still tremendously exciting for our first deep exploration hole at Elizabeth Creek to have intersected evidence of a major IOCG system existing on our ground.

Coda CEO Chris Stevens added:

This is a very exciting and significant result for the very first deep IOCG exploration hole to be drilled at our Elizabeth Creek project since we listed on the ASX, and it represents the culmination of significant geological and geophysical targeting work undertaken prior to listing.

Regardless of the final assays, it is clear based on geological data alone we have intersected an IOCG alteration system of significant scale.

…we feel we owe it to our shareholders to pursue this game changing opportunity with vigour.

Gold and copper commodity prices

While gold is up 3.2% over a month to US$1,893 per troy ounce, copper is down 4.2% to US$4.53 a pound.

Trading Economics says the price of gold has been rising in recent weeks due to fears of inflation while copper is down because of lacklustre demand for the metal from China. The website, however, expects the price of both metals to decrease in 12 months’ time.

Coda Minerals share price snapshot

Over the past 12 months, the Coda Minerals share price has increased 145%. To put today’s price rise into perspective, it’s 90% greater than Coda’s total gains across an entire year.

In fact, if an investor had bought shares in the company at the start of 2021, they would be sitting on an impressive 272% return on investment.

After today’s phenomenal result, the market capitalisation of Coda Minerals has jumped from $24.3 million to more than $75 million.

The post Here’s why the Coda Minerals (ASX:COD) share price just rocketed 235% appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Exchange traded funds (ETFs) can be a fantastic way to balance out your portfolio. This is because they provide investors with exposure to groups of shares that you wouldn’t ordinarily have access to.

With that in mind, I have picked out two ETFs that are popular with investors right now. Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ETF to look at is the BetaShares Global Cybersecurity ETF. As its name implies, this popular ETF gives investors exposure to the leading companies in the global cybersecurity sector. 

This could be a great place for investors to have exposure to right now. With cyber-attacks rising materially and becoming even more sophisticated each year, demand for cybersecurity servicesis expected to continue increasing in the coming years.

This bodes well for the companies you’ll be owning through this fund. This includes the likes of Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk.

In respect to CrowdStrike, it delivers incident response and forensic analysis services that are designed to help businesses understand whether or not a breach has occurred. Its platformthen allows users to respond and recover from a breach with speed and precision to remediate the threat.

As for Cloudflare, it is an US based web infrastructure and website security company. Its global cloud platform delivers a range of network services to businesses of all sizes around the world, making them more secure while enhancing the performance and reliability of their critical internet properties.

Finally, Okta provides businesses with workforce identity solutions. This ensures that access to information is given only to those that are meant to have it.

Betashares Nasdaq 100 ETF (ASX: NDQ)

Another ETF to consider is the Betashares Nasdaq 100 ETF. Thisincredibly popular ETF gives investors exposure to 100 of the biggest and brightest (non-financial) companies on the famous Nasdaq stock exchange.

We This means you’ll be buying a slice of companies at the forefront of the new economy. This includes Amazon, Apple, Facebook,Microsoft, Netflix, Nvidia, and Tesla.

These companies have collectively been outperforming the Australian share market by some distance over the last five years.

And thanks to their positive long term outlooks, experts appear to believe they are well-placed to potentially continue this outperformance over the next five.

The post 2 ETFs for ASX investors in June appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) was out of form on Wednesday and dropped lower. The benchmark index ended the day with 0.3% decline to 7,270.2 points.

Four ASX shares that didn’t let that hold them back are listed below. Here’s why they are storming higher:

Brickworks Limited (ASX: BKW)

The Brickworks share price jumped 11% to $23.40. Investors were buying the company’s shares after it provided a positive update on its joint venture Industrial Property Trust. According to the release, Brickworks now expects to deliver record earnings from its property portfolio for FY 2021. It is expecting its property earnings before interest and tax to be in the range of $240 million to $260 million, up from $129 million a year earlier.

Ecofibre Ltd (ASX: EOF)

The Ecofibre share price rocketed 23% higher to $1.07. This was despite there being no news out of the cannabis and hemp company on Wednesday. However, earlier this week, the company released a sales update which revealed that its core Ananda Professional business recorded its highest revenues since September 2020. It noted that as the world enters a post-COVID environment, it is beginning to see many of its pharmacy partners return to normal operations.

Frontier Digital Ventures Ltd (ASX: FDV)

The Frontier Digital Ventures share price stormed 4% higher to $1.28. This morning the emerging markets-focused online marketplace company announced that it has entered into a sale agreement to acquire the remaining 49% interest in InfoCasas. This consolidates its position in South America with three wholly owned businesses across six key countries.

Ramsay Health Care Limited (ASX: RHC)

The Ramsay share price climbed 2% to $63.49. Investors were buying the private hospital operator’s shares following the release of a positive broker note out of Citi. According to the note, the broker has upgraded the company’s shares to a buy rating with an increased price target of $76.00. It believes Ramsay is well-placed for growth once the healthcare sector returns to normal. And while it suspects that it may need to raise capital, this is priced into its valuation.

The post Why Brickworks, Ecofibre, Frontier Digital, & Ramsay are storming higher appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Frontier Digital Ventures Ltd. The Motley Fool Australia owns shares of and has recommended Brickworks. The Motley Fool Australia has recommended Frontier Digital Ventures Ltd and Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are signs of life coming back to the Credit Clear Ltd (ASX: CCR) share price, which has bounced more than 25% in the last three trading sessions.

At the time of writing, the Credit Clear share price is up 12% to 61 cents after the company released an investor presentation this morning.

What did Credit Clear announce?

Credit Clear specialises in receivables management solutions. Today’s presentation highlighted that the company’s top-line revenue was “resilient” with “momentum building as COVID-19 related debt collection restrictions ease”. With that in mind, the company advised it has shifted its focus to converting clients to its digital platform to achieve an expansion in gross margins.

Within today’s update, the company reported a 2,410% increase in the conversion of traditional clients to the digital platform. This 4-digit increase is based on the revenue of converted clients from the third quarter of FY20 to the third quarter of FY21.

The third quarter FY21 saw digital services revenue account for 37% of the company’s revenue, with digital gross profit margins of 96%.

The update also highlighted the company’s strong pipeline of opportunities across its target verticals including insurance, water and utilities, automotive, banks and education.

Additionally, the presentation pointed out that a big milestone was made by the company back in April after it signed its first major insurance client, Suncorp Group Ltd (ASX: SUN).

The pipeline of opportunities hinted a number of potential contracts including “late-stage discussions with tier 1 insurance clients”, “progress with other major water and utilities companies”, “advanced discussions with two major automotive brands’ finance arms” and a a big four bank committing to a pilot program.

How the Credit Clear share price has performed since its IPO

Credit Clear listed on the ASX on 27 October at an initial public offering price of 35 cents. Its shares closed at 46 cents on its first day of listing.

Just three days later, on 30 October, its shares briefly hit $1.20, or a 245% return for those that managed to participate in the IPO.

From there, the Credit Clear share price slowly drifted lower, hitting a 9-month low of 46.5 cents on 4 June, or going full circle back to debut prices.

On a more encouraging note, its shares have lifted more than 25% in the last three days to 61 cents at the time of writing.

The post Why the Credit Clear (ASX:CCR) share price is up 12% today appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in Sovereign Metals Limited (ASX: SVM) have held onto gains they saw in early trade after the company announced its flagship rutile deposit is among the world’s largest. At the time of writing, the Sovereign Metals share price is trading 77 cents, 13.97% higher than yesterday’s close.

Let’s take a look at what may be driving the Sovereign Metals share price today.

Today’s news from Sovereign Metals

Today, the mineral exploration company released the maiden resource estimate for its Kasiya rutile deposit – located in Malawi.

The site’s assay results include 644 metric tonnes at 1.01% rutile, including a high-grade component of 137 metric tonnes at 1.41% rutile.

According to Sovereign Metals, this makes Kasiya the second largest rutile resource in the world behind Iluka Resources Limited‘s (ASX: ILU) Sierra Rutile.

Sovereign Metals says the project’s mineralisation occurs in a large, coherent deposit. A lot of the deposit’s high-grade material exists just 5 metres from the surface.

The maiden resource estimate only covered 43% of the project’s ~114 square kilometre rutile footprint.

Thus, the company is expecting future resource growth.

What’s next?

A scoping study is currently examining the extent of the rutile deposit.

The study will focus on environmental, social, and governance measures and sustainability, and will be completed late this year.

Sovereign Metals is also undergoing an “aggressive” drilling program to allow for future resource upgrades and extensions at the deposit.

The company expects Kasiya’s resource growth could make it the largest rutile deposit in the world.

Rutile’s environmental benefits

Natural rutile is the purest form of titanium dioxide and the preferred feedstock for titanium pigment and metal. Titanium pigment can be found in paints, coatings, and plastics.

Rutile’s scarcity has seen the titanium industry develop carbon intensive substitutes.

Therefore, the company believes one tonne of natural rutile can save 2.8 tonnes of carbon emissions from being created.

Commentary from management

Sovereign Metal’s managing director Dr Julian Stephens commented on the findings, saying:

It is a remarkable result to achieve the maiden JORC mineral resource estimate of this scale, grade and global significance in under 18 months since discovery.

We believe this maiden resource is just the beginning and expect to upgrade and expand the resource over the coming quarters.

Sovereign Metals share price snapshot

2021 has been a good year so far on the ASX for the Sovereign Metals.

Currently, the Sovereign Metals share price is 109% higher than it was at the start of the year. It has gained 307% since this time last year.

The company has a market capitalisation of around $321 million, with approximately 414 million shares outstanding.

The post Here’s why the Sovereign Metals (ASX:SVM) share price is up 14% appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In late afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.1% to 7,284.6 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are tumbling lower:

Altium Limited (ASX: ALU)

The Altium share price is down 7.5% to $34.27. Investors appear to be taking profit after an incredible gain earlier this week. Even after today’s decline, the electronic design software company’s shares are up 26% since the start of the week. This has been driven by a rejected takeover approach from US software giant Autodesk.

Appen Ltd (ASX: APX)

The Appen share price has fallen 3.5% to $12.86. This also appears to have been driven by profit taking. Prior to today, this artificial intelligence data services company’s shares were up 15% since this time last month. Improving investor sentiment in the tech sector and optimism over its new operating model have helped drive its shares higher.

National Storage REIT (ASX: NSR)

The National Storage share price is down 2% to $2.04. This follows news that National Storage has raised gross proceeds of approximately $260 million via an accelerated non-renounceable entitlement offer. The storage giant raised the funds at a 4% discount of $2.00 per new share. It is now aiming to raise a further $65 million from retail investors. These funds will be used to support its growth strategy.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is down 2% to $42.63. Today’s decline appears to have been driven by a broker note out of Credit Suisse. According to the note, the broker has downgraded the retail giant’s shares to an underperform rating with a $37.98 price target. This follows its review of the company’s Endeavour demerger plans.

The post Why Altium, Appen, National Storage, & Woolworths are tumbling lower appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium and Appen Ltd. The Motley Fool Australia owns shares of and has recommended Altium, Appen Ltd, and Woolworths Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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China is considering imposing price controls to tame the raging coal market as it grapples with a looming energy crisis.

If you fail the first time, try and try again seems to be the motto of the Chinese Communist Party.

Never mind that authoritarian price controls have failed in the past! Chinese officials are reportedly thinking about capping the price miners can sell coal, reported Bloomberg.

Commodity price surge feeding inflation

This is in response to surging demand for electricity as power plants struggling to keep up due to the lack of cheap coal.

Not coincidently, China’s factory gate inflation surged to its highest level since 2008 in May. The producer price index increased 9% from the year before. This is higher than the 8.5% median forecast that economists surveyed by Bloomberg where expecting.

As I reported on Monday, Beijing’s embargo on Australian coal is contributing to the coal problem. Power utilities may have to ration electricity as unseasonably hot weather and a ramp up in factory production post-COVID-19 are putting a strain on supply.

China thinks it can control prices

It’s interesting that China believes capping prices can make the problem go away. If anything, higher prices stimulate supply and vice-versa.

But this isn’t stopping the Chinese government from testing the theory. The price cap is being trialled at at Yulin, a major production base in north western Shaanxi province, according to Bloomberg.

This isn’t the only idea that’s being tested. Chinese authorities are considering enforcing a limit of 900 ($181.84) yuan to 930 yuan a ton on the benchmark price at the port of Qinhuangdao. The hope is that this will influence other markets nationwide.

Coal price near record highs

The price of coal at Qinhuangdao jumped to a record high of 962 yuan a ton on May 19 before moderating to around 865 yuan. That’s still well ahead of the historical average of 547 yuan a ton.

“Under this scenario, power plants would be advised by the authorities that they can’t buy coal above that level,” said Bloomberg.

Again, it’s difficult to see how these ideas will increase the supply of coal, which is at the heart of the problem.

Same controls, different results?

The demand-supply imbalance is made worse by China’s move to close unsafe mines following a spate of fatal accidents. It’s doing this ahead of the 100th anniversary of the founding of the Communist Party next month.

No official decision has yet been made and it’s worth noting that China has unsuccessfully tried to control the commodity price before.

Market manipulation can worsen the problem

No surprises that didn’t work. What’s surprising is that the Communist Party is using the same playbook again but expecting a different outcome.

“China produces and consumes mostly its own coal and the supply chain is dominated by state-owned firms,” said Bloomberg.

“But the precedent of imposing price controls could still rattle other commodities markets that rely on imports and the private sector.”

The post China looking to impose new controls on the rocketing coal price appeared first on The Motley Fool Australia.

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Brendon Lau does not own shares mentioned in this article. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Tuesday night to discuss the economic news of the day, including two big share price bouncebacks — Mesoblast Limited (ASX: MSB) and WiseTech Global Ltd (ASX: WTC) — plus great news from NAB’s latest business survey, and concerns that more Australians are taking on too much mortgage debt.

The post The day’s big winners, including Mesoblast and WiseTech, plus more good economic news and borrowers taking more risk appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended WiseTech Global. The Motley Fool Australia owns shares of and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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