• XEC lifts on resources, posts 1.8% gain on Thursday
  • XOJ closes 0.8% higher
  • East33 watch continues, oysters from Sydney up circa 25%


The resources-rich ASX Emerging Companies (XEC) index is surging on Thursday, with gold, base metals and the major commodities kicking higher overnight.

The All Ords is 1% higher too, after the US Fed encouraged investors across global markets with a gentler-than-expected rate lift to tackle some awfully obstinate inflation shaking it’s fists at the US economy.

The Aussie dollarbuck enjoyed the 50bp move higher, while global oil prices climbed overnight as the European Commission proposed a phased embargo of Russian oil.

Brent crude jumped by circa 5% while US Nymex crude gained 5.3%.

I suppose we’ll want to mention Moody’s has flagged the self-evident – Aussie mortgage delinquency rates are going to increase this year – moderately – because of the rising interest rates and slowing property prices and such.



(Stocks highlighted in yellow rose after making announcements during the trading day).

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Code Company Last % Volume
ROG Red Sky Energy. 0.0085 70% 185,526,282
EVE EVE Health Group Ltd 0.0015 50% 1,658,720
PKO Peako Limited 0.024 41% 5,376,911
SIH Sihayo Gold Limited 0.004 33% 614,616
E33 East 33 Limited. 0.065 30% 6,160,280
MOH Moho Resources 0.048 30% 950,521
DCX Discovex Res Ltd 0.009 29% 12,208,006
BTC BTC Health Ltd 0.056 27% 62,551
OKJ Oakajee Corp Ltd 0.05 25% 425,000
VPR Volt Power Group 0.0025 25% 3,454,928
TMX Terrain Minerals 0.011 22% 19,025,207
AQZ Alliance Aviation 4.28 22% 1,239,868
AR1 Australresources 0.255 21% 2,332,127
OVT Ovato Limited 0.15 20% 42,000
FHS Freehill Mining Ltd. 0.024 20% 1,977,180
MAY Melbana Energy Ltd 0.1 19% 48,270,461
SRK Strike Resources 0.225 18% 4,197,281
NC1 Nicoresourceslimited 1.27 18% 1,319,670
LEL Lithenergy 1.7 18% 1,831,111
WGR Westerngoldresources 0.135 17% 27,368
PRM Prominence Energy 0.0105 17% 79,223,048
SLB Stelarmetalslimited 0.21 17% 187,669
CZR CZR Resources Ltd 0.014 17% 3,854,861
OEX Oilex Ltd 0.0035 17% 520,035
SPX Spenda Limited 0.014 17% 13,464,837
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We remain on tight seafood wrangler watch here at Stockhead, and East 33 (ASX:E33) continues to require a morning dose of Promethazine theoclate, promethazine hydrochloride and/or dimenhydrinate – today, like my lunch, E33 is up 23%.

The share price has been up and down like watching the last scenes of a James Cameron movie on repeat. The stock peaking at over 120% on Monday, before settling to a more cheerful 82% gain at the close.

If you’ve not been staying up-to-date with the home of Sydney Rock Oysters there’s been fear and loathing, and then love, and then fear ,ever since the company flagged the potential  impact of El Nina on its harvest.

It’s been stormy waters since.

Peako (ASX:PKO) is 35.3% higher at the close of trade, thanks to 5km of first pass drilling which is due to kick off ASAPly at the ‘Eastman’ intrusive complex in the Kimberley – where the PKO team is sniffing out a major PGE discovery.

The Eastman Intrusion comprises a 16.5km long PGE-rich mineralised layered mafic-ultramafic intrusive complex “with only limited historical drilling”, PKO says.

Recent drilling by Pantoro (ASX:PNR) at the nearby ‘Lambo’ Intrusion has also defined wide PGE intercepts, so there’s form, of yes, there is form.

Reuben says the $6m market cap stock is up 10% year-to-date. It had $2.15m in the bank at the end of March.

Up strongly, Red Sky Energy (ASX:ROG) has announced a 1,228% increase in best estimate on Petroleum Initially In Place (PIIP) at the ‘Killanoola’ oil project in South Australia up to 93mmbbls.

“This is a significant increase from the previously best estimated 7mmbbls PIIP,” MD Andrew Knox said. “We are working towards a market for the crude and steps to bring a rig in and perforate the additional zones of interest.”



(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
ANL Amani Gold Ltd 0.0015 -25% 7,287,332
JAV Javelin Minerals Ltd 0.0015 -25% 7,618,029
MGTRE Magnetite Mines - Rights 06-May-22 0.003 -25% 7,992,518
VOL Victory Offices Ltd 0.105 -25% 295,316
ZMM Zimi Ltd 0.007 -22% 20,005,223
BWX BWX Limited 1.485 -20% 16,629,613
PIL Peppermint Inv Ltd 0.015 -17% 38,703,633
NZK NZK Salmon Ltd 0.22 -15% 104,967
ROC Rocketboots 0.11 -15% 64,053
ECG Ecargo Hldg 0.017 -15% 1,147
NUC Nuchev Limited 0.3 -14% 20,629
RTH Ras Tech 0.55 -14% 81,195
SCT Scout Security Ltd 0.039 -13% 100,228
OXT Orexploretechnologie 0.087 -13% 21,357
JHG Janus Henderson 37.8 -13% 384,757
VTG Vita Group Ltd 0.325 -13% 3,576,694
AMD Arrow Minerals 0.0035 -13% 2,958,199
CTO Citigold Corp Ltd 0.007 -13% 960
ESH Esports Mogul Ltd 0.0035 -13% 1,485,250
PVE Po Valley Energy Ltd 0.03 -12% 40,098
BEZ Besragoldinc 0.046 -12% 169,126
99L 99 Loyalty Ltd. 0.048 -11% 59,063
X2M X2M Connect Limited 0.125 -11% 10,000
1AG Alterra Limited 0.017 -11% 825,055
VTI Vision Tech Inc 0.43 -10% 292,173
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Tombola Gold (ASX:TBA) out of a trading halt went up ~5% to 6.4 cents today after the company announced that the first diamond drill hole in a four-hole program at Little Duke has intersected a wide zone of copper mineralisation between 7–250ml base on visual inspection and supported by a Niton handle XRF analyser.

Significant sulphides in broad zone consisted of chalcopyrite, pyrrhotite, pyrite and quartz/carbonate in hydrothermal breccia. Assay results are expected in four weeks.

New World Resources’ (ASX:NWC)  spinout Koba Resources (ASX:KOB) listed on the ASX on Wednesday and will explore and develop North American copper-cobalt assets.

The demerger, which was undertaken via the in-specie distribution of 20,000,000 Koba shares to New World Shareholders, was completed on April 26 with the final distribution 1:79.845164. New World has applied for an ATO Class Ruling to confirm the income tax consequences with respect to the demerger.



Great Western Exploration (ASX:GTE) – trading halt, pending the release of an announcement regarding a fund raising

Aeon Metals (ASX:AML) – trading halt, pending the release of an announcement relating to a material equity capital raise

QuickFee Limited (ASX:QFE) – trading halt, relating to a capital raise