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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, uranium gets closer to officially green, history says Buy The Dip, and picking bottoms with Opal Capital.
But first, the day ahead.
Local shares are set to open higher today. At 8am AEDT, the ASX 200 July futures is pointing up by 0.80%.
CoreLogic issues its home value index for June.
“National home prices could fall by around 0.7 per cent, led lower by falling prices in both Sydney and Melbourne,” Commsec says.
“But property prices are still increasing in Adelaide and Brisbane.”
Also today, S&P Global and the Australian Industry Group (AiGroup) release separate survey results detailing activity in the Aussie manufacturing sector.
WHO’s SCHEDULED TO LIST?
When: 12pm AEST
Raised: $5.5m at 20c per share
The company is proposing to acquire the tenements comprising the Kookynie (Niagara) Gold Project in WA from GTI Resources (ASX:GTR).
“It is exciting for the company to have secured tenements containing historical high-grade workings, identified mineralisation and high priority, walk-up targets whilst in the company of peers that are actively finding encouraging results,” chairman Robert Boston says.
The company plans to kick off maiden exploration and apply modern techniques to the “historically significant, underexplored tenement package.”
The Regener8 Resources (#ASX:R8R) IPO is set to list tomorrow.$GTR owns $1 million R8R shares after vending the Niagara #gold project to R8R for cash and shares.$GTR.ax is preparing to drill 6 #ISR #uranium assets in the #US state of #Wyoming. https://t.co/KlVsYuDyvB
— GTI Energy Ltd – ASX: GTR + OTC: GTRIF (@ltd_gti) July 7, 2022
TRADING HALTS
Lumos Diagnostics Holdings (ASX:LDX) – Announcement about a regulatory update pending.
Pancontinental Energy NL (ASX:PCL) – Capital raising.
Estrella Resources (ASX:ESR) – Capital raising.
IPB Petroleum (ASX:IPB) – Capital raising.
Pacific Nickel Mines (ASX:PNM) – News brewing around its application for a Mining Lease in respect of the Kolosori Nickel Project in the Solomon Islands.
Firebrick Pharma (ASX:FRE) – Announcement due about the outcome of the appeal filed against the TGA’s initial decision not to approve Nasodine® Nasal Spray (“Nasodine”) for sale in Australia.
Pilot Energy (ASX:PGY) – Capital raising.
Kingwest Resources (ASX:KWR) – “Significant” exploration results incoming!
MARKETS
Gold: $US1,740.63 (+0.13%)
Silver: $US19.23 (+0.28%)
Nickel (3mth): $US21,400/t (-2.06%)
Copper (3mth): $US7,860/t (+3.48%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t (0.0% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t (0.0% weekly)
Oil (WTI): $US102.53 (+4.00%)
Oil (Brent): $US104.34 (+3.60%)
Iron 62pc Fe: $US115.14 (+2.46%)
AUD/USD: 0.6842 (+0.06%)
Bitcoin: $US21,636 (+6.26%)
WHAT GOT YOU TALKING YESTERDAY?
Moribund, indeed. Germany is a manufacturing powerhouse.
Moribund https://t.co/fNiADsDYBG
— Doomberg (@DoombergT) July 6, 2022
Here’s some good news. That lithium deficit is gonna be here for a long, loooong time, according to the latest Benchmark analysis.
Despite strong expansions in South America and Australia, the #Lithium market will remain in a deficit position according to the latest @benchmarkmin Q2 forecast released this week. (1/n) pic.twitter.com/7btTA9FV5i
— Dr Cameron Perks (@CPBMI) July 7, 2022
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. 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.
TODAY’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 |
|---|---|---|---|---|
| KYK | Kyckr Limited | 0.076 | 55% | 31,734,521 |
| OXT | Orexplore Technologies | 0.099 | 36% | 7,598,006 |
| JXT | Jaxstaltd | 0.031 | 35% | 1,230,993 |
| MEB | Medibio Limited | 0.002 | 33% | 500,000 |
| RLG | RooLife Group Ltd | 0.013 | 30% | 2,331,695 |
| ZLD | Zelira Therapeutics | 1.3 | 27% | 14,365 |
| BBX | BBX Minerals Ltd | 0.14 | 27% | 480,944 |
| DTC | Damstra Holdings | 0.195 | 26% | 1,166,606 |
| AVM | Advance Metals Ltd | 0.01 | 25% | 250,000 |
| MGG | Mogul Games Grp Ltd | 0.0025 | 25% | 396,011 |
| RXH | Rewardle Holding Ltd | 0.01 | 25% | 617,118 |
| S3N | Sensore Ltd | 0.495 | 24% | 270,659 |
| RIM | Rimfire Pacific | 0.011 | 22% | 22,296,119 |
| RFX | Redflow Limited | 0.047 | 21% | 8,154,013 |
| 1ST | 1St Group Ltd | 0.006 | 20% | 1,219,252 |
| CAD | Caeneus Minerals | 0.006 | 20% | 267,589 |
| IOU | Ioupay Limited | 0.099 | 19% | 34,781,455 |
| PRL | Province Resources | 0.093 | 19% | 16,398,609 |
| BOD | BOD Australia | 0.1 | 19% | 365,391 |
| OPY | Openpay Group | 0.225 | 18% | 407,471 |
| HPC | Hydration Pharmaceuticals | 0.13 | 18% | 432,446 |
| ADD | Adavale Resource Ltd | 0.026 | 18% | 399,619 |
| CML | Chase Mining Limited | 0.013 | 18% | 2,306,510 |
| SPX | Spenda Limited | 0.013 | 18% | 35,597,549 |
| XRG | Xreality Group Ltd | 0.04 | 18% | 2,928,923 |
Kyckr (ASX:KYK) has jumped well over 50% on Thursday, after news RealWise has set its sights on acquiring 100% of the tech start-up shop at $0.08 a share.
Adavale Resources (ASX:ADD) says a ground-based gravity survey has wrapped up at its nickel projects in Tanzania with some 32 discrete gravity targets confirming a strike length of around 55km.
“The measure of the success of this gravity program is quite simply a reflection of the large number of high-quality targets that have been generated,” so it’s pretty significant, adds executive director David Riekie.
TODAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Security | Description | Last | % | Volume |
|---|---|---|---|---|
| MGA | Metals Grove Mining | 0.145 | -28% | 1,240,608 |
| BEX | Bikeexchange Ltd | 0.023 | -26% | 984,123 |
| AVW | Avira Resources Ltd | 0.003 | -25% | 4,228,678 |
| MEB | Medibio Limited | 0.0015 | -25% | 357,750 |
| WBE | Whitebark Energy | 0.0015 | -25% | 5,485,511 |
| SXG | Southern Cross Gold | 0.365 | -25% | 2,868,523 |
| TG6 | TG Metals | 0.115 | -23% | 100,573 |
| SIO | Simonds Grp Ltd | 0.16 | -20% | 40,358 |
| GGX | Gas2Grid Limited | 0.002 | -20% | 25,161 |
| PRM | Prominence Energy | 0.002 | -20% | 1,692,118 |
| LRL | Labyrinth Resources | 0.021 | -19% | 3,360,581 |
| ZAG | Zuleika Gold Ltd | 0.022 | -19% | 60,000 |
| CNJ | Conico Ltd | 0.024 | -17% | 15,269,491 |
| AL3 | Aml3D | 0.083 | -17% | 583,195 |
| 1ST | 1St Group Ltd | 0.005 | -17% | 158,000 |
| AUK | Aumake Limited | 0.005 | -17% | 100,000 |
| CAD | Caeneus Minerals | 0.005 | -17% | 2,476,693 |
| CTO | Citigold Corp Ltd | 0.005 | -17% | 2,238,158 |
| WCN | White Cliff Min Ltd | 0.01 | -17% | 4,279,529 |
| ASQ | Australian Silica | 0.046 | -16% | 398,729 |
| GSN | Great Southern | 0.033 | -15% | 1,169,281 |
| AME | Alto Metals Limited | 0.06 | -14% | 1,224,087 |
| MCT | Metalicity Limited | 0.003 | -14% | 3,640,064 |
| POS | Poseidon Nick Ltd | 0.043 | -14% | 42,792,061 |
| A1M | Aic Mines Ltd | 0.43 | -14% | 183,673 |
On cue, Buy Now Pay Later stocks and porous payment fintechs continue to disappoint after a brief respite earlier this week.
Tyro Payments (ASX:TYR) was mauled by JP Morgan this morning after analysts lopped some 57% off the target share price and reckon life for TYR minus the outgoing (and soon to leave for Star Entertainment) CEO Rob Cooke is going to be a real squeeze.
In the same bucket: EML Payments (ASX:EML) has given back every penny of Wednesday’s circa 11% surge after scoring a big contract to make prepaid cards for the Spanish postal service.
RBC cut EML Payments from Outperform to Sector Perform (in line with everyone else in the sector over 12 months) but has held the target at $1.80.
Finally, UBS brokers took the sword to ZIP Co (ASX:ZIP) today as well.
