On Stockhead today,
Precious metals led by gold and silver have been getting more precious almost every day for a good few months now.
Gold is about 18% higher and silver is up a stonking 36%, from back during their dullest days of September last year.
That’s ancient history our Reuben Adams says and adds gold is only short a few US dollars of another record high price. To celebrate this momentous achievement he’s gone and got a handy list of the cheapest emerging gold and silver producers on the ASX right now.
Elsewhere, we’re everywhere. Take a look.
But first, the day ahead…
TRADING HALTS
These companies are in them, or due to come out of them:
Creso Pharma (ASX:CPH) – pending an announcement regarding a debt restructuring transaction and a non-binding LOI for an acquisition.
Roots Sustainable Agricultural Technologies (ASX:ROO) – an update in relation to its Entitlement Issue
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1928.30 (-0.90%)
Silver: $US23.91 (+0.02%)
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): $US81.46 (+1.6%)
Oil (Brent): $US87.33 (+1.42%)
Iron 62pc Fe: $US124.50 (+0.00%)
AUD/USD: 0.7093 (-0.12%)
Bitcoin: $US23,005 (-2.53%)
WHAT GOT YOU TALKING?
LSD. It gets me talking too.
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 Wednesday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| WBE | Whitebark Energy | 0.0015 | 50% | 748,500 | $6,464,886 |
| M8S | M8 Sustainable | 0.011 | 38% | 6,199,524 | $3,927,268 |
| ARE | Argonaut Resources | 0.002 | 33% | 4,015,000 | $9,542,807 |
| WFL | Wellfully Limited | 0.02 | 33% | 150,000 | $5,867,223 |
| SKY | SKY Metals Ltd | 0.066 | 32% | 14,103,307 | $18,839,174 |
| LML | Lincoln Minerals | 0.045 | 29% | 37,995,067 | $20,124,429 |
| ASN | Anson Resources Ltd | 0.2425 | 28% | 31,205,949 | $223,868,435 |
| MIO | Macarthur Minerals | 0.175 | 25% | 481,115 | $23,191,488 |
| OKR | Okapi Resources | 0.205 | 24% | 4,471,098 | $24,310,852 |
| JPR | Jupiter Energy | 0.027 | 23% | 136,366 | $27,056,703 |
| NYM | Narryermetalslimited | 0.17 | 21% | 15,491 | $4,268,250 |
| 1AD | Adalta Limited | 0.046 | 21% | 566,251 | $11,939,020 |
| ATC | Altech Chem Ltd | 0.1025 | 21% | 10,159,924 | $121,275,099 |
| ICN | Icon Energy Limited | 0.012 | 20% | 630,860 | $7,680,137 |
| TD1 | Tali Digital Limited | 0.003 | 20% | 5,269,238 | $6,937,889 |
| SCN | Scorpion Minerals | 0.089 | 19% | 801,769 | $25,927,964 |
| SIX | Sprintex Ltd | 0.045 | 18% | 1,230,878 | $9,665,464 |
| HFY | Hubify Ltd | 0.035 | 17% | 63,715 | $14,884,089 |
| ERL | Empire Resources | 0.007 | 17% | 300,012 | $6,677,610 |
| WR1 | Winsome Resources | 2.22 | 17% | 8,443,763 | $268,018,300 |
| CAU | Cronos Australia | 0.565 | 16% | 213,138 | $269,918,054 |
| GBE | Globe Metals &Mining | 0.1 | 16% | 610,741 | $43,582,108 |
| AFW | Applyflow Limited | 0.022 | 16% | 81,103 | $2,809,732 |
| HLF | Halo Food Co. Ltd | 0.03 | 15% | 2,780,669 | $10,420,013 |
| ICR | Intelicare Holdings | 0.023 | 15% | 500,000 | $4,178,308 |
SKY Metals (ASX:SKY) re-assayed old drill core for rare earths, uncovering thick, widespread REEs at all three tin deposits at the Doradilla project in NSW.
Drilling highlights like 33m @ 4981ppm (0.50%) TREO from 15m — including 12m @ 8781ppm (0.88%) TREO from 25m – remain open in multiple directions.
The results suggest that there are multiple kilometres of shallow REE mineralisation over the total 16km strike length of the so-called DMK system – the majority of which remains untested for REE.
Drill planning is being expedited and preliminary metallurgical testwork has commenced.
Anson Resources (ASX:ASN) is embarking on a major resource expansion program at its flagship 1Mt Paradox lithium brines project in Utah.
The plan is to convert the existing inferred resource and exploration target in the Western area of the project to indicated and inferred resources.
The exploration target in the Western area is 2.10–2.56Bt of brine grading 108–200ppm lithium and 2,000–3,000ppm bromine.
Drilling is expected to start in the current quarter.
And North American uranium play Okapi Resources (ASX:OKR) is entering the enrichment sector with a cornerstone $3.1m investment for a 19.9% stake in private Australian company Ubayron.
The deal is well-timed, with reports of potential sanctions against Russia’s dominant uranium enrichment industry.
According to the World Nuclear Council, most of the about 500 commercial nuclear power reactors operating or under construction in the world today require uranium ‘enriched’ in the U-235 isotope for their fuel.
It is a $US6bn industry, and Russia owns a big chunk of it.
OKR says Ubayron’s next generation enrichment tech uses a unique process that does not require significant temperature or pressure and significantly reduces technical risk and cost.
OKR now has exposure to multiple components of the nuclear fuel cycle, says OKR managing director Andrew Ferrier, who will join the Ubaryon board to help with development and commercialisation.
“The US currently imports 95% of its uranium yellowcake requirements and 70% of its SWU (enriched uranium) requirements at a time when a significant geopolitical shift is underway within the nuclear fuel industry as international utilities seek to diversify away from Russia which is currently the largest global producer of enriched uranium,” Ferrier said on Wednesday.
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 |
|---|---|---|---|---|---|
| LBY | Laybuy Group Holding | 0.039 | -35% | 16,530,365 | $15,451,812 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 1,070,458 | $31,285,147 |
| INP | Incentiapay Ltd | 0.006 | -25% | 3,789,072 | $10,120,509 |
| CLU | Cluey Ltd | 0.35 | -22% | 238,294 | $62,226,105 |
| SBM | St Barbara Limited | 0.71 | -20% | 30,999,723 | $726,722,064 |
| CLE | Cyclone Metals | 0.0025 | -17% | 4,890,666 | $18,350,211 |
| LNU | Linius Tech Limited | 0.0025 | -17% | 4,556,627 | $8,938,239 |
| MM1 | Midasmineralsltd | 0.165 | -15% | 121,215 | $11,140,694 |
| CR9 | Corellares | 0.028 | -15% | 475,782 | $10,430,999 |
| AOA | Ausmon Resorces | 0.006 | -14% | 1,948,067 | $6,001,025 |
| CWX | Carawine Resources | 0.12 | -14% | 16,147 | $27,554,446 |
| AU1 | The Agency Group Aus | 0.026 | -13% | 13,000 | $12,857,298 |
| OPN | Oppenneg | 0.069 | -13% | 1,427,254 | $11,631,811 |
| IXU | Ixup Limited | 0.028 | -13% | 47,000 | $32,946,303 |
| MTH | Mithril Resources | 0.0035 | -13% | 887 | $13,052,361 |
| NES | Nelson Resources. | 0.007 | -13% | 2,000,000 | $4,708,755 |
| OAU | Ora Gold Limited | 0.007 | -13% | 13,172 | $7,873,850 |
| MZZ | Matador Mining Ltd | 0.105 | -13% | 1,841,661 | $37,826,260 |
| GTR | Gti Energy Ltd | 0.011 | -12% | 15,829,952 | $18,818,545 |
| IMB | Intelligent Monitor | 0.12 | -11% | 130,000 | $17,644,540 |
| ADR | Adherium Ltd | 0.004 | -11% | 4,563 | $22,407,472 |
| AMD | Arrow Minerals | 0.008 | -11% | 23,510,657 | $22,803,886 |
| AXP | AXP Energy Ltd | 0.004 | -11% | 3,185,726 | $26,211,063 |
| BAT | Battery Minerals Ltd | 0.004 | -11% | 3,306,982 | $13,208,591 |
| CLZ | Classic Min Ltd | 0.008 | -11% | 3,896,569 | $7,949,373 |