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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today,
Gold. Its gold in January, and it’s continued a five-week rally to US$1,933/ounce… Our Guy is on The Rocks.
Lithium. Its not gold. But the analysts have changed their minds about it being worth any less. Human Battery, husband, lover and Ruler of the Isle of Dogs, Reuben Adams has the story.
Also, Rob Badman says: Humanoid ant-based web3 game Tiny Colony launches on ImmutableX blockchain after ditching Solana. We also think he is a spy.
So first, the day ahead…
TRADING HALTS
These companies are in them, or due to come out of them:
Cipherpoint (ASX:CPT) – capital raising
Native Mineral Resources (ASX:NMR) – capital raising
K-TIG (ASX:KTG) – a material acquisition
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1933.10 (+0.10%)
Silver: $US23.59 (+0.62%)
Nickel (3mth): $US27,651/t (+4.40%)
Copper (3mth): $US9.342/t (+0.25%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 16): $US80,150/t (+0.1% weekly, +127.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 16): $US79,525/t (+0.1% weekly, +171.4% year-to-date)
Oil (WTI): $US80.22 (-1.66%)
Oil (Brent): $US86.58 (-1.82%)
Iron 62pc Fe: $US124.50 (+0.00%)
AUD/USD: 0.7042 (+0.21%)
Bitcoin: $US22,908 (-0.41%)
WHAT GOT YOU TALKING YESTERDAY?
He might not own Twitter, but our Josh Chiat certainly owns Elon Musk.
In which we factcheck Elon’s factcheckhttps://t.co/ENujLA4evm
— Stockhead (@StockheadAU) January 23, 2023
Keep up to date with Stockhead coverage or you could 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 were 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 |
|---|---|---|---|---|---|
| LML | Lincoln Minerals | 0.035 | 67% | 10,398,010 | $12,074,657 |
| SPA | Spacetalk Ltd | 0.042 | 62% | 5,316,107 | $6,661,183 |
| AMD | Arrow Minerals | 0.009 | 50% | 70,425,323 | $15,202,591 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | 797,868 | $24,693,441 |
| GLV | Global Oil & Gas | 0.0015 | 50% | 4,801,822 | $3,428,798 |
| WBE | Whitebark Energy | 0.0015 | 50% | 5,164,945 | $6,464,886 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 2,630,649 | $23,463,861 |
| PXX | Polarx Limited | 0.03 | 30% | 34,859,450 | $31,117,779 |
| LMLND | Lincoln Minerals | 0.022 | 29% | 3,710,678 | $13,625,128 |
| GLA | Gladiator Resources | 0.025 | 25% | 1,810,748 | $10,683,398 |
| CMD | Cassius Mining Ltd | 0.031 | 24% | 1,364,162 | $10,212,323 |
| SMX | Security Matters | 0.235 | 21% | 837,856 | $32,742,749 |
| PKO | Peako Limited | 0.018 | 20% | 1,044,048 | $5,688,229 |
| SI6 | SI6 Metals Limited | 0.006 | 20% | 100,000 | $7,476,973 |
| IS3 | I Synergy Group Ltd | 0.019 | 19% | 481,000 | $4,625,286 |
| CDA | Codan Limited | 5.22 | 18% | 1,872,836 | $800,762,975 |
| UNT | Unith Ltd | 0.027 | 17% | 1,695,306 | $17,129,534 |
| PHL | Propell Holdings Ltd | 0.0375 | 17% | 75,031 | $3,396,263 |
| AYT | Austin Metals Ltd | 0.007 | 17% | 277,560 | $6,095,248 |
| GNM | Great Northern | 0.0035 | 17% | 2,960,000 | $5,127,153 |
| ASM | Ausstratmaterials | 1.595 | 16% | 1,562,481 | $230,053,213 |
| ENV | Enova Mining Limited | 0.015 | 15% | 50,000 | $5,082,081 |
| CBY | Canterbury Resources | 0.039 | 15% | 50,000 | $4,556,800 |
| INP | Incentiapay Ltd | 0.008 | 14% | 21,500 | $8,855,445 |
| TKL | Traka Resources | 0.008 | 14% | 25,077 | $5,059,422 |
Once gone for all money, but suddenly ‘out of bourse purgatory’ SA graphite explorer Lincoln Minerals (ASX:LML) climbed about 65% yesterday as its M&A prince across the road, Quantum Graphite (ASX:QGL) made a third offer for Lincoln’s assets.
Emma and Gregor have been filling me in.
Banished to the Phantom Zone in September 2020 for a no mates / no cash situation, LML spent 2021 ‘doing mostly nothing’, but woke up late last year upon the sweet unsolicited takeover kiss from QGL, the fellow South Australian project developer.
The initial 2 x lowball all-share offers were rejected by the LML board but this last QGL offer (Tuesday) must really be tempting.
What’s changed?
All I can say is that for a few pars and about 60 seconds, you get a wonderful, discombobulating, sad, disastrous, redemptive and ultimately life-un-affirming read. And we don’t even ask you guys to subscribe.
And just quickly, the possibly little bit crazy but so smart it just might work kids smartwatch developer Spacetalk (ASX:SPA) just put in another damn well half decent second quarter, with a $3.3m improvement in Q2 FY23 free cash flow as compared to Q1 FY21 – the first time Spacetalk has had a positive quarterly cashflow since Q3 FY21.
Em’s got more on that too actually. Fascinating company.
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 |
|---|---|---|---|---|---|
| AYI | A1 Invest & Res Ltd | 0.001 | -50% | 5,227,782 | $36,843,893 |
| NTL | New Talisman Gold | 0.002 | -33% | 2,056,767 | $9,381,676 |
| ARE | Argonaut Resources | 0.0015 | -25% | 1,364,767 | $12,723,743 |
| WFL | Wellfully Limited | 0.015 | -25% | 281,660 | $7,822,965 |
| AUR | Auris Minerals Ltd | 0.014 | -22% | 1,739,965 | $8,579,267 |
| RON | Roninresourcesltd | 0.125 | -22% | 107,784 | $4,639,695 |
| BMG | BMG Resources Ltd | 0.014 | -18% | 515,171 | $6,561,858 |
| FLX | Felix Group | 0.1 | -17% | 107,600 | $18,806,366 |
| CLE | Cyclone Metals | 0.0025 | -17% | 2,078,905 | $18,350,211 |
| LER | Leaf Res Ltd | 0.02 | -17% | 2,690,297 | $43,440,933 |
| TD1 | Tali Digital Limited | 0.0025 | -17% | 1,755,719 | $8,325,467 |
| PO3 | Purifloh Ltd | 0.21 | -16% | 40,000 | $7,880,875 |
| BUS | Bubalusresources | 0.195 | -15% | 282,433 | $6,220,620 |
| C1X | Cosmosexploration | 0.395 | -15% | 1,149,960 | $11,625,000 |
| ZIP | ZIP Co Ltd.. | 0.715 | -14% | 45,289,387 | $639,080,497 |
| 1AG | Alterra Limited | 0.012 | -14% | 44,918 | $9,751,736 |
| BLZ | Blaze Minerals Ltd | 0.012 | -14% | 236,446 | $5,145,115 |
| DDT | DataDot Technology | 0.006 | -14% | 507,819 | $8,707,086 |
| ICN | Icon Energy Limited | 0.012 | -14% | 3,793,924 | $10,752,191 |
| LNU | Linius Tech Limited | 0.003 | -14% | 33,850,090 | $10,427,945 |
| THR | Thor Energy PLC | 0.006 | -14% | 2,060,801 | $10,187,190 |
| GUL | Gullewa Limited | 0.052 | -13% | 12,037 | $11,746,386 |
| ADX | ADX Energy Ltd | 0.007 | -13% | 5,897,180 | $28,103,300 |
| HHI | Health House Int Ltd | 0.007 | -13% | 140,438 | $1,130,637 |
| SZL | Sezzle Inc. | 0.66 | -12% | 4,995,589 | $154,998,524 |
