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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Guy Le Page, World Gold Council go long… gold, charting the new investing landscape, and Liam Twigger’s holding out for a hero.
But first, the day ahead.
It’s a biggun on the data front.
At 8am AEST the Reserve Bank releases ‘Review of the Yield Target’, and at 9.30am AEST the weekly consumer sentiment survey results are issued from ANZ and Roy Morgan.
At 10am AEST the Reserve Bank governor delivers a speech entitled “Economic Outlook and Monetary Policy”.
“Investors have been disappointed by the lack of communication from the Reserve Bank about its monetary policy strategy and this is likely to be addressed by the governor,” CommSec says.
And at 11.30am AEST minutes of the last Reserve Bank Board meeting are issued.
“The RBA made the surprise decision to lift rates by 50 basis points, so investors will be assessing the discussion that went into that judgement,” CommSec says.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days.
Cooper Energy (ASX: COE) – announcement concerning the Orbost Gas Processing Plant
Black Mountain Energy (ASX:BME) – announcement regarding a Letter of Intent
Zelira Therapeutics (ASX:ZLD) – announcement in relation to its Scheme Implementation Deed
Health House International (ASX:HHI) – announcement in relation to its Scheme Implementation Deed
Resapp Health (ASX:RAP) – COVID-19 Data Confirmation Study results due
DiscovEx Resources (ASX:DCX) –capital raising
Lode Resources (ASX:LDR) – assay results from on-going drilling program at Webbs Consol silver-base metals project
Future Metals NL (ASX:FME) – Mineral resource estimate announcement
Bowen Coking Coal (ASX:BCB) – Significant funding facility in relation to the acquisition of the Burton Lenton Project
Indiana Resources (ASX:IDA) – capital raising
Orion Minerals (ASX:ORN) – capital raising
Medibio (ASX:MEB) – capital raising
MARKETS
Gold: $US1839.08 (-0.02%)
Silver: $US21.63 (-0.05%)
Nickel (3mth): $US25,738/t (+0.27%)
Copper (3mth): $US8,949/t (0.00%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 17): $US69,750/t (0.4% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 17): $US70,875/t (0.0% weekly)
Oil (WTI): $US110.39 (+0.77%)
Oil (Brent): $US114.11 (+0.88%)
Iron 62pc Fe: $US135.69 (-1.57%)
AUD/USD: 0.6972 (+0.30%)
Bitcoin: $US20,635 (+0.64%)
WHAT GOT YOU TALKING YESTERDAY?
To keep up to date with Stockhead coverage, follow our Twitter page.
For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| AFW | Applyflow Limited | 0.002 | 33% | 11,454,976 |
| GES | Genesis Resources | 0.013 | 30% | 195,418 |
| ARO | Astro Resources NL | 0.005 | 25% | 68,949,770 |
| GGX | Gas2Grid Limited | 0.0025 | 25% | 966,666 |
| LIN | Lindian Resources | 0.088 | 22% | 8,893,676 |
| KFM | Kingfisher Mining | 0.29 | 21% | 614,695 |
| 1AG | Alterra Limited | 0.018 | 20% | 350,000 |
| CBL | Control Bionics | 0.15 | 20% | 295,363 |
| CPO | Culpeominerals | 0.24 | 20% | 14,756,842 |
| BPP | Babylon Pump & Power | 0.006 | 20% | 1,243,961 |
| CTO | Citigold Corp Ltd | 0.006 | 20% | 300,000 |
| ICE | Icetana Limited | 0.024 | 20% | 277,952 |
| XST | Xstate Resources | 0.003 | 20% | 541,973 |
| PBH | Pointsbet Holdings | 2.54 | 18% | 4,742,803 |
| RMI | Resource Mining Corp | 0.165 | 18% | 6,444,564 |
| ST1 | Spirit Technology | 0.053 | 18% | 1,581,885 |
| ASP | Aspermont Limited | 0.02 | 18% | 265,814 |
| CMO | Cosmo Metals | 0.14 | 17% | 91,034 |
| NSX | NSX Limited | 0.035 | 17% | 954,425 |
| AJQ | Armour Energy Ltd | 0.007 | 17% | 5,050,306 |
| GTG | Genetic Technologies | 0.0035 | 17% | 1,211,359 |
| ROO | Roots Sustainable | 0.0035 | 17% | 67,843 |
| TG1 | Techgen Metals Ltd | 0.145 | 16% | 21,590 |
| VAN | Vango Mining Ltd | 0.051 | 16% | 1,173,765 |
| FHS | Freehill Mining Ltd. | 0.022 | 16% | 1,322,818 |
$15m market cap minnow Culpeo Minerals (ASX:CPO) jumped +30% on multiple high-grade copper drilling hits at the emerging ‘Lana Corina’ discovery in Chile.
Kingfisher Mining (ASX:KFM) uncovered high-grade rare earths at its Gascoyne mineral field in WA, with rock chips assaying up to 21% TREO.
A recent 16-hole drilling program completed at Cosmo Metals (ASX:CMO) ‘Mt Venn’ and ‘Eastern Mafic’ prospects is now complete with copper sulphides intersected in all holes at Mt Venn.
Very promising. Results are due back from the lab late June, CMO says, with drilling set to recommence in July.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| BTN | Butn Limited | 0.1 | -30% | 77,668 |
| CLA | Celsius Resource Ltd | 0.013 | -28% | 15,998,870 |
| CIO | Connected Io Ltd | 0.022 | -27% | 542,703 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 3,483,460 |
| TPP | Tempo Australia | 0.045 | -24% | 99,147 |
| WSR | Westar Resources | 0.044 | -23% | 309,274 |
| TZN | Terramin Australia | 0.032 | -22% | 108,091 |
| NES | Nelson Resources. | 0.011 | -21% | 1,595,876 |
| SUH | Southern Hem Min | 0.019 | -21% | 705,290 |
| IVO | Invigor Group Ltd | 0.024 | -20% | 250,000 |
| PLG | Pearlgullironlimited | 0.048 | -20% | 2,054,069 |
| 1ST | 1St Group Ltd | 0.004 | -20% | 900,578 |
| PNX | PNX Metals Limited | 0.004 | -20% | 2,562,500 |
| RCW | Rightcrowd | 0.032 | -20% | 70,000 |
| CBE | Cobre | 0.025 | -19% | 175,337 |
| IS3 | I Synergy Group Ltd | 0.041 | -18% | 378,279 |
| GCR | Golden Cross | 0.052 | -17% | 15,613 |
| CCA | Change Financial Ltd | 0.053 | -17% | 355,931 |
| AMM | Armada Metals | 0.075 | -17% | 248,134 |
| ICN | Icon Energy Limited | 0.015 | -17% | 1,265,473 |
| MMI | Metro Mining Ltd | 0.015 | -17% | 19,837,711 |
| AMD | Arrow Minerals | 0.0025 | -17% | 1,541,017 |
| HMI | Hiremii | 0.04 | -17% | 386,184 |
| ROG | Red Sky Energy. | 0.005 | -17% | 1,969,657 |
| DCN | Dacian Gold Ltd | 0.096 | -17% | 15,180,878 |
Not a small cap, but lithium project developer Lake Resources (ASX:LKE) was pummelled after announcing that company-making MD Steve Promnitz was leaving for other pastures.
Promnitz – who steered LKE from 3c tiddler to $1.40 ASX200 entrant — was key in the early identification of direct lithium extraction and the alignment with tech partner California-based Lilac Solutions.
