What you need to know before the ASX opens on 31 Oct 2023. Picture Getty
Rise and Shine: Everything you need to know before the ASX open
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Good morning everyone, and welcome to the last trading day of the month, Tuesday, 31 October.
Aussie shares are poised to open higher, tracking gains on Wall Street. At 8am AEST, the ASX 200 index futures was pointing up by +0.4%.
On Stockhead today…
Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. In this episode, Barry chats to Dave O’Neill, managing director at American West Metals (ASX:AW1)
The Canadian main board, the TSX, has been a dire place to be a miner in 2023, with almost two-thirds of our tracked TSX & TSX-V stocks losers over the past 12 months. Only 318 of 1123 on our TSX watchlist are in the green since November last year. Josh Chiat checks out four explorers up 600% or more in the past year.
Also, wine. Lots and lots of it. In Sydney, where our esteemed friends at The Aus are hosting an epic tasting event – and John Lehmann’s got some of the 130 stars profiled for you here, plus where to get tix.
That is a lot of swooshing and not actually spitting.
But first..
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,993.65 (-0.62%)
Silver: US$23.10 (-0.19%)
Nickel (3mth): US$18,079/t (-1.30%)
Copper (3mth): US$7,985.50/t (-0.58%)
Oil (WTI): US$84.00 (-1.81%)
Oil (Brent): US$88.75 (-1.90%)
Iron 62pc Fe: US$118.55/t (+0.08%)
AUD/USD: 0.6364 (+0.44%)
Bitcoin: US$34,425 (+0.60%)
WHAT GOT YOU TALKING
Why Shaw and Partners analyst Peter Kormendy says graphite prices will have to rise to incentivise new mines.
How Zeotech (ASX:ZEO) is on track to become Australia’s first producer of ‘advanced material’ zeolite.
And this…
Stockhead’s Christian Edwards was recently invited to Reach’s investor lunch. Between entrée and dessert, they talked Artificial Intelligence, Renewables, Medtech, Tech Tech and Critical Minerals.
There’s *nothing* like the face-to-face. Investor, start-up or punter. https://t.co/0mr7FRgMEZ
— Stockhead (@StockheadAU) October 30, 2023
YESTERDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| WCG | Webcentral Ltd | 0.305 | 177% | 34,029,854 | $36,203,885 |
| IND | Industrial Minerals | 1.005 | 123% | 5,770,692 | $28,971,000 |
| NZS | New Zealand Coastal | 0.003 | 50% | 9,752,952 | $3,334,020 |
| TOR | Torque Met | 0.22 | 42% | 2,739,165 | $18,704,626 |
| AYT | Austin Metals Ltd | 0.007 | 40% | 62,882 | $5,079,373 |
| IVX | Invion Ltd | 0.007 | 40% | 3,887,216 | $32,108,161 |
| BNR | Bulletin Res Ltd | 0.17 | 36% | 4,303,400 | $36,698,888 |
| HRE | Heavy Rare Earths | 0.095 | 36% | 209,881 | $4,234,155 |
| AVW | Avira Resources Ltd | 0.002 | 33% | 248,516 | $3,200,685 |
| MSI | Multistack International | 0.004 | 33% | 86,000 | $408,912 |
| MTL | Mantle Minerals Ltd | 0.004 | 33% | 41,523,795 | $18,442,338 |
| SIS | Simble Solutions | 0.004 | 33% | 800,109 | $1,808,852 |
| PEC | Perpetual Res Ltd | 0.021 | 31% | 1,054,797 | $9,898,653 |
| ZGL | Zicom Group Limited | 0.06 | 30% | 200,000 | $9,869,760 |
| AMM | Armada Metals | 0.026 | 30% | 37,021 | $2,571,361 |
| LBT | LBT Innovations | 0.005 | 25% | 1,750,400 | $1,423,601 |
| OAR | OAR Resources Ltd | 0.005 | 25% | 1,328,648 | $10,452,543 |
| SFG | Seafarms Group Ltd | 0.005 | 25% | 500,427 | $19,346,397 |
| TMX | Terrain Minerals | 0.005 | 25% | 320,000 | $5,030,575 |
| YPB | YPB Group Ltd | 0.0025 | 25% | 125,000 | $1,486,923 |
| MTC | Metalstech Ltd | 0.18 | 24% | 7,560 | $27,347,666 |
| 1CG | One Click Group Ltd | 0.016 | 23% | 23,986,148 | $7,996,277 |
| CAI | Calidus Resources | 0.195 | 22% | 5,427,225 | $97,260,778 |
| TPC | TPC Consolidated Ltd | 7.6 | 22% | 19,331 | $70,892,856 |
| ERW | Errawarra Resources | 0.175 | 21% | 2,572,553 | $10,078,080 |
Yesterday’s Small Caps highlights:
TG Metals (ASX:TG6) is up almost 220% after announcing first drill holes into the Burmeister lithium soil anomaly within the Lake Johnson Project intersected high grade mineralisation up to 2.28% Li2O. Five of the six holes completed intersected pegmatite with all pegmatite intervals hosting lithium mineralisation in spodumene.
Larvotto Resources (ASX:LRV) jumped, perhaps as Barry Fitz outlined news of its stunner of a deal to acquire the Hillgrove gold-antimony mine near Armidale in NSW for the knockdown price of $8 million, including $4.89m in replacement environmental bonds.
As Our Barry says: “It is a rare thing for a junior explorer to have a 1 million-ounce plus gold resource under its belt within two years of listing.”
Cosmos Exploration (ASX:C1X) has jumped after an update on exploration activities at its prospective Corvette Far East Lithium Project and Lasalle Project, located in Canada’s James Bay, near the CV5 lithium discovery by Patriot Battery Metals (ASX:PMT).
Multi-commodity explorer Eclipse Metals (ASX:EPM) is up after announcing it has secured $2.3 million in funding from institutional investor Pioneer Resources Partners to fund exploration and general working capital.
Gold explorer Tietto Minerals (ASX:TIE) is also on the winners list – up 34% – after receiving an off-market takeover offer from Zhaojin Capital to acquire all shares it doesn’t already own in the company for 58 cents/share or a 38% premium to the last close. Zhaojin started building up its holding in TIE last year and is the company’s second biggest shareholder behind Chijin International HK, with around 7% of its shares.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.001 | -50% | 3,979,292 | $20,529,010 |
| MXC | MGC Pharmaceuticals | 0.001 | -50% | 2,180,264 | $8,855,936 |
| CC9 | Chariot Corporation | 0.255 | -43% | 4,097,408 | $32,999,206 |
| HCT | Holista CollTech Ltd | 0.009 | -31% | 514,492 | $3,624,401 |
| AHN | Athena Resources | 0.003 | -25% | 2,517,894 | $4,281,870 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 467,729 | $31,285,147 |
| DXN | DXN Limited | 0.0015 | -25% | 141,752 | $3,446,680 |
| PNX | PNX Metals Limited | 0.003 | -25% | 650,000 | $21,522,499 |
| LPD | Lepidico Ltd | 0.008 | -20% | 31,249,601 | $76,383,079 |
| RLC | Reedy Lagoon Corp. | 0.004 | -20% | 1,190,663 | $3,083,418 |
| SMS | Star Minerals | 0.035 | -19% | 106,044 | $1,558,870 |
| AUE | Aurum Resources | 0.11 | -19% | 449,333 | $4,240,227 |
| CBY | Canterbury Resources | 0.022 | -19% | 135,000 | $3,902,135 |
| CRS | Caprice Resources | 0.031 | -18% | 171,781 | $4,436,763 |
| KP2 | Kore Potash PLC | 0.009 | -18% | 106,571 | $7,345,837 |
| BOD | BOD Science Ltd | 0.05 | -17% | 340,000 | $10,640,310 |
| ADV | Ardiden Ltd | 0.005 | -17% | 4,572,479 | $16,130,012 |
| EPM | Eclipse Metals | 0.01 | -17% | 2,774,644 | $24,336,718 |
| FFG | Fatfish Group | 0.01 | -17% | 1,761,412 | $14,282,876 |
| TAS | Tasman Resources Ltd | 0.005 | -17% | 45,145 | $4,276,016 |
| AKN | Auking Mining Ltd | 0.037 | -16% | 370,000 | $8,980,563 |
| ESR | Estrella Res Ltd | 0.006 | -14% | 38,337,988 | $10,385,003 |
| EXL | Elixinol Wellness | 0.006 | -14% | 2,323,377 | $4,419,407 |
| HTG | Harvest Tech Grp Ltd | 0.024 | -14% | 1,107,375 | $19,780,973 |
| M24 | Mamba Exploration | 0.03 | -14% | 312,785 | $2,134,417 |
TRADING HALTS
West Wits Mining (ASX:WWI) – Regarding a proposed capital raising
Paradigm Biopharmaceuticals (ASX:PAR) – Pending an announcement in relation to a capital raising
Gateway Mining (ASX:GML) – Pending an announcement in relation to a capital raising
Rent.com.au (ASX:RNT) – Pending an announcement in relation to a capital raising
Pilot Energy (ASX:PGY) – Pending an announcement regarding a material partnering initiative into which it expects to enter in connection with the Mid West Clean Energy Project (Potential Transaction).
Gold Hydrogen (ASX:GHY) – Pending the release of an announcement regarding exploration results from its maiden drilling
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