Minerals260 (ASX:MI6), a spinoff from Liontown Resources (ASX:LTR), enjoyed a positive debut despite the ASX finishing down again.

The ASX 200 retreated 0.26% to close at 7,821 points with all sectors in the red except consumer staples and healthcare.

The biggest laggards were energy and tech, which both lost over 1% – in sync with global market concerns over rising inflation (even with rising energy prices).

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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On top of the bourse today was ViaGold Rare Earths Resources (ASX:VIA). From a low of 4.2c on August 27, ViaGold shares closed last Friday at 72c then $1 on Monday before rising to a close of $2 today.

Forrestania Resources (ASX:FRS) rose with an exploration update in which it revealed new drilling targets.

Prophecy (ASX:PRO) climbed after a company update in which it revealed strong sales growth in FY22 thus far.

Mining services stock Swick (ASX:SWK) received a takeover offer from its ASX peer DDH1 (ASX:DDH).

 

TODAY’S BIGGEST SMALL CAP LOSERS

Stocks highlighted in yellow fell after making announcements during the trading day.

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Predictive Discovery (ASX:PDI) fell after telling shareholders it was aware of a pending media report questioning the legality of its plans to establish mining operations on part of the area covered by its Bankan project in Guinea.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Air New Zealand (ASX:AIZ) was given funding by the New Zealand government to operate overseas cargo flights. The Kiwi flag carrier says the current contract will run to the end of March and reap between $150 million and $170 million in revenue.

Aspiring prawn farmer Seafarms (ASX:SFG) revealed a number of capital cost increases that caused its capital works to blow out from $275-$290 million to $370-$410 million. The company blamed plant and road scope changes as well as inclusion of an allowance for contingency and escalation.

Property stock Vicinity (ASX:VCX) sealed a deal to buy a 50% interest in Harbour Town Premium Outlets on the Gold Coast for $358 million. The company says its annual MAT is more than double the average MAT for Vicinity’s current outlet portfolio and is expected to grow at more than 3% per annum to 2031.

Cazaly Resources (ASX:CAZ) announced tomorrow would be the day iron ore spin off Equinox Resources would list on the ASX. Cazaly has been allocated 15 million shares, which represents a 15.7% undiluted interest.

Australian Dairy Group (ASX:AHF) says Victorian COVID-19 restrictions have delayed the commissioning of its infant formula plant but expects this to occur in the first quarter of next year. It also reported that its Camperdown Dairy subsidiary would stop making and selling its The Collective yoghurt products in Australia, blaming ongoing COVID-19 restrictions, particularly for its products targeted at school children.

Raptis (ASX:RPG), a Queensland based property developer said its day to day operations were unaffected by founder Jim Raptis having $80 million in assets being frozen by the ATO. It said these developments were irrelevant to its day to day business.

Marmota (ASX: MEU) has observed visible gold in the core of recently completed diamond drilling at its Aurora Tank gold prospect. It added that the new rig, which only arrived last month performed well.

TRADING HALTS

Wednesday

Holista Colltech (ASX:HCT) – sales and marketing collaboration
EZZ Life Science (ASX:EZZ) – correction
Gascoyne Resources (ASX:GCY) – company update
First Au (ASX:FAU) – capital raising
PVW Resources (ASX:PVW) – exploration results
Australasian Gold (ASX:A8G) – capital raising
Predictive Discovery (ASX:PDI) – operational update
Wellfully (ASX:WFL) – capital raising
Hannans (ASX:HNR) – capital raising
Pantera Minerals (ASX:PFE) – program of works

Thursday

Charger Metals (ASX:CHR) – exploration update
Bounty Oil & Gas (ASX:BUY) – capital raising and acquisition
Kingwest Resources (ASX:KWR) – capital raising
Neurotech (ASX:NTI) – patent
Lodestar Minerals (ASX:LSR) – capital raising
Kalium Lakes (ASX:KLL) – financing arrangements

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