On Stockhead today, Oh we’re watching Vanadium today.


The chemical element rarely found in nature, with the symbol V and the atomic number 23 – both a significant letter for admirers of Alan Moore’s early work, and a portentous number for sports fans.

Anyway, Reubs has been making calls and says there’s consensus that as VRFB starts to absorb Vanadium and Ferro-vanadium supply, demand for the hard, silvery-grey, highly-malleable (…actually it sounds a lot like one or two of the people in this newsroom ) transition metal is looking positively Krakatoan.

Illustration: The eruption of Krakatoa, and subsequent phenomena, 1888. Via: Krakatoa Committee of the Royal Society, G. J. Symons (editor) – Houghton Library. Edited by George James Symonds (1838-1900). Published by the Royal Society (Great Britain). Krakatoa Committee. 71-1250, Houghton Library, Harvard University


You might not know what VRFB is. Reuben does. And now so do I.

Heaps more too. Heaps.

But first, the day ahead.



These companies went into a trading halt at the end of the last session:

Xanadu Mines (ASX:XAM) – Capital Raise

Cyclone Metals (ASX:CLE) – Capital Raise

Openn Negotiation (ASX:OPN) – Capital Raise

Black Cat Syndicate (ASX:BC8) – Capital Raise

Arovella Therapeutics (ASX:ALA) – Capital Raise

Aston Minerals (ASX:ASO) –  Aston’s called a halt pending an announcement regarding a maiden gold resource.



Gold: $US1920.29 (+1.24%)

Silver: $US24.26 (-2.04%)

Nickel (3mth): $US21,900/t (-0.85%)

Copper (3mth): $US7,850/t (+2.98%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 28): $US82,075/t (+114.4% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 28): $US80,650/t (+164.4% year-to-date)

Oil (WTI): $US79.86 (+1.9%)

Oil (Brent): $US85.28  (+1.5%)

Iron 62pc Fe: $US127.00 (+2.42%)

AUD/USD: 0.6976 (+0.06%)

Bitcoin: $US20,863 (+5.31%)



Aussie batteries, oi!

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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.



Here are the best performing ASX small cap stocks:

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Adelong Gold (ASX:ADG), which has bolted by a full 142% in the morning session on news that a follow-up drilling program at Gibraltar has turned up a reasonable set of intercepts, which look like this:

  • 1m @ 4.99g/t Au from 11 metres (3DGIB007);
  • 3m @ 12.57g/t Au from 20 metres (3DGIB007)
    • including 1m intersection at 34.6g/t Au (3DGIB007);
  • 1m @ 18.55g/t Au from 78 metres (3DGIB007);
  • 6m @ 2.79g/t Au from 90 metres (3DGIB008);
    • Including 1m @ 8.58g/t Au; and
  • 1m @ 10.75g/t Au from Surface (3DGIB009)

Corazon Mining (ASX:CZN), also caught the attention of investors, adding +25.0%, off the back of high-grade lithium assay results from spodumene-bearing pegmatite within the Miriam Nickel Sulphide Project in the Eastern Goldfields region of Western Australia.



Here are the least best performing ASX small cap stocks:

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