On Stockhead today, a look back at lithium’s biggest hits of 2022, three easy ways to ride the China reopening wave, and how to buy Indian stocks.
But first, the day ahead.
LOCAL DATA DUMP
- Westpac and Melbourne Institute Monthly consumer confidence for December
- Overseas arrivals and departures for October
WHO’S LISTING?
RICHMOND VANADIUM TECHNOLOGY (ASX:RVT)
IPO: $25m at $0.40
The Horizon Minerals (ASX:HRZ) spin out is focused on the Richmond vanadium project in Queensland, where it plans to kick off a Bankable Feasibility Study – the most advanced of all economic studies — after listing.
The project is the largest non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally.
The company says it can produce a significant supply of vanadium for the steel and emerging energy storage markets over a 25-year initial life of mine (LOM).
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days:
Investigator Resources (ASX:IVR) – capital raising
Genesis Minerals (ASX:GMD) – capital raising
St Barbara (ASX:SBM) – acquisition, associated capital raising.
Genmin (ASX:GEN) – capital raising
DW8 (ASX:DW8) – capital raising
Mayfield Childcare (ASX:MFD) – Non‐Binding Indicative Proposal previously announced by the Company on 1 December.
Frugl Group (ASX:FGL) – strategic partnership and capital raising
Pursuit Minerals (ASX:PUR) – acquisition and a capital raising
Terrain Minerals (ASX:TMX) – Clarification after the initial trading halt request from 09 December was signed off by Justin Virgin from European Lithium, instead of Terrain Minerals
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,791.69 (-0.28%)
Silver: $US23.48 (+0.07%)
Nickel (3mth): $US29,2725/t (-5.46%)
Copper (3mth): $US8,543.00/t (+1.02%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 7): $US81,375/t (+0.0% weekly, +127.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 7): $US80,725/t (+0.0% weekly, +171.4% year-to-date)
Oil (WTI): $US70.58 (-0.62%)
Oil (Brent): $US75.73 (-0.50%)
Iron 62pc Fe: $US111.50 (+1.36%)
AUD/USD: 0.6782 (-0.14%)
Bitcoin: $US16,968 (-0.83%)
WHAT GOT YOU TALKING YESTERDAY?
Everyone loves a little battler:
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 preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
ASX SMALL CAP LEADERS
Here are yesterday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.002 | 100% | 1,253,956 | $6,361,871 |
| PRM | Prominence Energy | 0.002 | 100% | 286,941 | $2,424,609 |
| FG1 | Flynngold | 0.165 | 70% | 3,407,782 | $6,310,922 |
| 3DA | Amaero International | 0.099 | 43% | 792,343 | $28,526,741 |
| CLE | Cyclone Metals | 0.002 | 33% | 342,700 | $9,175,105 |
| GES | Genesis Resources | 0.008 | 33% | 367,550 | $4,697,048 |
| GRV | Greenvale Energy Ltd | 0.17 | 31% | 3,301,137 | $54,823,887 |
| HFY | Hubify Ltd | 0.038 | 27% | 954,863 | $14,884,089 |
| NNL | Nordicnickellimited | 0.24 | 26% | 90,199 | $11,097,267 |
| AMD | Arrow Minerals | 0.005 | 25% | 38,116 | $8,135,060 |
| PNX | PNX Metals Limited | 0.005 | 25% | 507,000 | $17,776,231 |
| PXX | Polarx Limited | 0.01 | 25% | 9,001,882 | $8,450,930 |
| NIS | Nickelsearch | 0.145 | 21% | 535,890 | $7,236,651 |
| AHN | Athena Resources | 0.012 | 20% | 13,886,183 | $8,704,676 |
| TD1 | Tali Digital Limited | 0.003 | 20% | 66,145 | $3,543,813 |
| TKL | Traka Resources | 0.006 | 20% | 4,391,628 | $3,443,873 |
| NUH | Nuheara Limited | 0.25 | 19% | 321,661 | $28,811,018 |
| MAY | Melbana Energy Ltd | 0.063 | 19% | 26,000,274 | $178,620,818 |
| CSE | Copper Strike Ltd | 0.16 | 19% | 1,392,113 | $17,943,917 |
| BAS | Bass Oil Ltd | 0.074 | 17% | 8,520,316 | $16,878,788 |
| KLI | Killiresources | 0.17 | 17% | 37,689 | $4,868,375 |
| BIR | BIR Financial Ltd | 0.035 | 17% | 377,284 | $8,428,085 |
| AJQ | Armour Energy Ltd | 0.007 | 17% | 477,000 | $13,991,989 |
| MAT | Matsa Resources | 0.043 | 16% | 47,508 | $15,238,621 |
Microcap explorer Argonaut Resources (ASX:ARE) said its uranium spin-out Orpheus Minerals (ASX:ORP) has been pulled from listing due to lack of interest. ARE still gained 100%.
Flynn Gold (ASX:FG1) delivered another high-grade gold intersection at the Golden Ridge project in northeast Tasmania of 12.3m at 16.8g/t gold and 27.6g/t silver from 108.7m. That’s high grade.
Alloy powder producer Amaero International (ASX:3DA) signed a binding joint venture agreement for additive manufacturing and powder production in Abu Dhabi.
Greenvale Energy (ASX:GRV) completed a diamond drilling program at its recently acquired 80%-owned Georgina Iron Oxide Copper Gold Project in the Northern Territory.
ASX SMALL CAP LAGGARDS
Here are yesterday’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.002 | 100% | 1,253,956 | $6,361,871 |
| PRM | Prominence Energy | 0.002 | 100% | 286,941 | $2,424,609 |
| FG1 | Flynngold | 0.165 | 70% | 3,407,782 | $6,310,922 |
| 3DA | Amaero International | 0.099 | 43% | 792,343 | $28,526,741 |
| CLE | Cyclone Metals | 0.002 | 33% | 342,700 | $9,175,105 |
| GES | Genesis Resources | 0.008 | 33% | 367,550 | $4,697,048 |
| GRV | Greenvale Energy Ltd | 0.17 | 31% | 3,301,137 | $54,823,887 |
| HFY | Hubify Ltd | 0.038 | 27% | 954,863 | $14,884,089 |
| NNL | Nordicnickellimited | 0.24 | 26% | 90,199 | $11,097,267 |
| AMD | Arrow Minerals | 0.005 | 25% | 38,116 | $8,135,060 |
| PNX | PNX Metals Limited | 0.005 | 25% | 507,000 | $17,776,231 |
| PXX | Polarx Limited | 0.01 | 25% | 9,001,882 | $8,450,930 |
| NIS | Nickelsearch | 0.145 | 21% | 535,890 | $7,236,651 |
| AHN | Athena Resources | 0.012 | 20% | 13,886,183 | $8,704,676 |
| TD1 | Tali Digital Limited | 0.003 | 20% | 66,145 | $3,543,813 |
| TKL | Traka Resources | 0.006 | 20% | 4,391,628 | $3,443,873 |
| NUH | Nuheara Limited | 0.25 | 19% | 321,661 | $28,811,018 |
| MAY | Melbana Energy Ltd | 0.063 | 19% | 26,000,274 | $178,620,818 |
| CSE | Copper Strike Ltd | 0.16 | 19% | 1,392,113 | $17,943,917 |
| BAS | Bass Oil Ltd | 0.074 | 17% | 8,520,316 | $16,878,788 |
| KLI | Killiresources | 0.17 | 17% | 37,689 | $4,868,375 |
| BIR | BIR Financial Ltd | 0.035 | 17% | 377,284 | $8,428,085 |
| AJQ | Armour Energy Ltd | 0.007 | 17% | 477,000 | $13,991,989 |
| MAT | Matsa Resources | 0.043 | 16% | 47,508 | $15,238,621 |