Our Equities Trader, Joseph Raad, provides an update on the price of copper, along with the IPO debut of Locksley Resources Limited (ASX:LKY) which was listed on the ASX on the 8th of July, 2021.
Locksley Resources Limited (ASX:LKY):
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Locksley Resources Limited is an Australian exploration company incorporated in October 2018 for the purposes of identifying and assessing resource opportunities within Australia.
The Company is focused on the acquisition, exploration and development of mineral resources projects which have the potential to deliver significant growth for Shareholders.
Locksley Resources has recently entered into a tenement sale agreement to which it has the option to acquire a 100% legal and beneficial interest in the highly prospective Tottenham Project.
Locksley Resources has recently entered into a tenement sale agreement to which it has the option to acquire a 100% legal and beneficial interest in the highly prospective Tottenham Project.
Read the transcript below:
Joseph Raad:
"On Thursday the 8th of July, Barclay Pearce Capital was the Lead Manager for the listing of Locksley Resources Limited on the ASX. Copper closed down 2% the previous day, and the market on that day was only up slightly by 0.2%. However, Locksley closed 10% up at 22 cents, and in the intraday high of 23 cents. This is a testament to the strength of the registry and the positive backing behind the stock as there was much on-market buying to support the share price.
Locksley’s strong and experienced board and the acquisition of the highly prospective Tottenham project in the Lachlan Ford Belt region sets the tone for exciting times ahead, as the company now commences its drilling program and works towards a jorc 2012 resource by the end of the year.
- Joseph Raad, Equities Trader
The exploration program and share price will be supported by a robust long-term outlook for copper and gold prices. As copper is underpinned by increasing momentum in adoption of renewable energy and electric vehicles, and the gold price will see support arise from government stimulus and inflationary concerns."
Contact Barclay Pearce Capital to learn more about this exciting opportunity
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