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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, There are lithium plays and then there are the lithium players. Our Josh Chiat has sorted through the test match quality and come up with a bit of an ASX Probables Vs Possibles. And the results make for fine reading and some better investing.
And while we’re on investing – Rob’s spent the weekend digging about in the crypto – and come out with no less than 12 instances of what we’re calling ‘magic internet money.’
But first, the day ahead…
TRADING HALTS
These companies are in them, or due to come out of them in a moment:
KneoMedia (ASX:KNM) – Capital raise.
Mamba Exploration (ASX:M24) – Halt called pending an announcement regarding a drilling update from the Darling Range project.
Dreadnought Resources (ASX:DRE) – Capital raise.
Regeneus Limited (ASX:RGS) – halt called in relation to the company’s licence and collaboration agreement with Kyocera.
Alice Queen (ASX:AQX) – Capital raise.
Lanthanein Resources (ASX:LNR) – Capital raise.
Simble Solutions (ASX:SIS) – Halt called in respect of a placement to be conducted via sophisticated investors, so dress appropriately.
Great Boulder Resources (ASX:GBR) – Halt called pending the release of a JORC compliant Mineral Resource Estimate for the Side Well gold project.
Omnia Metals (ASX:OM1) – Halt called pending an announcement in relation to potential project acquisition.
TZ (ASX:TZL) – Halt called pending an announcement by the Company to the market in relation to a change in management.
Paterson Resources (ASX:PSL) – Capital raise.
Jayex Technology (ASX:JTL) – Halt called pending an announcement by the Company to the market regarding a proposed investment.
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%)
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?
Anson has pegged a new strategic lithium brine project in Utah’s lithium-rich Paradox Basin just 50km from its flagship Paradox project.https://t.co/IzyNY2SFCY #ad #ASX $ASN
— Stockhead (@StockheadAU) January 30, 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 Friday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EVE | EVE Health Group Ltd | 0.0015 | 50% | 124,500 | $5,274,483 |
| BPP | Babylon Pump & Power | 0.0065 | 44% | 29,501,584 | $11,059,971 |
| BLG | Bluglass Limited | 0.049 | 36% | 30,445,375 | $48,223,861 |
| HTG | Harvest Tech Grp Ltd | 0.094 | 34% | 1,521,703 | $43,343,098 |
| VPR | Volt Power Group | 0.002 | 33% | 2,328,713 | $16,074,312 |
| ERG | Eneco Refresh Ltd | 0.018 | 29% | 150,239 | $3,813,017 |
| VKA | Viking Mines Ltd | 0.01 | 25% | 5,403,907 | $8,202,067 |
| X2M | X2M Connect Limited | 0.095 | 23% | 189,853 | $10,847,281 |
| OKJ | Oakajee Corp Ltd | 0.032 | 23% | 20,000 | $2,377,597 |
| RVT | Richmond Vanadium | 0.34 | 21% | 247,711 | $24,138,186 |
| VAR | Variscan Mines Ltd | 0.023 | 21% | 1,739,131 | $5,067,908 |
| 3DA | Amaero International | 0.15 | 20% | 880,967 | $51,932,527 |
| PYR | Payright Limited | 0.06 | 20% | 396,027 | $10,473,931 |
| ALM | Alma Metals Ltd | 0.012 | 20% | 6,647,536 | $9,140,008 |
| CPT | Cipherpoint Limited | 0.006 | 20% | 2,553,165 | $4,692,569 |
| GTR | Gti Energy Ltd | 0.012 | 20% | 5,386,967 | $15,054,836 |
| TOE | Toro Energy Limited | 0.012 | 20% | 11,776,397 | $43,588,876 |
| ICI | Icandy Interactive | 0.067 | 20% | 2,975,849 | $75,162,398 |
| CHL | Camplify Holdings | 2.09 | 19% | 142,917 | $100,927,757 |
| KOB | Kobaresourceslimited | 0.19 | 19% | 3,640,841 | $12,160,000 |
| HMI | Hiremii | 0.059 | 18% | 5,422,012 | $5,398,206 |
| ETR | Entyr Limited | 0.027 | 17% | 14,918,323 | $34,677,125 |
| AGE | Alligator Energy | 0.049 | 17% | 27,635,683 | $138,737,199 |
| ARN | Aldoro Resources | 0.245 | 17% | 153,749 | $23,711,587 |
| MHC | Manhattan Corp Ltd | 0.007 | 17% | 1,737,679 | $9,157,672 |
Global semiconductor developer BluGlass (ASX:BLG), has released its first suite of gallium nitride (GaN) laser products for customer purchase at leading industry conference, SPIE Photonics West in the US.
BluGlass President Jim Haden said BLG was delighted to launch its first suite of cool laser thingys.
“The release of these laser diodes reflects the significant performance and reliability improvements we have made over the past year. The market is telling us there is a growing need for a dedicated GaN laser supplier who can provide greater manufacturing agility and form factor flexibility, to enable manufacturers to expand their product offerings and market applications.
Haden reckons BLG’ll be having ‘several potential customers interested in our portfolio, and this significant milestone paves the way for first orders and commercial revenues.’
“Our product offering will continue to grow and improve – with expanded wavelengths, higher-power, and novel laser
architectures also progressing through the supply chain. We expect the execution of our ongoing vertical integration
plans to further improve quality and accelerate development timelines for future products and enable us to scale
manufacturing capacity to meet demand.”
Haden et al ended the day up 37% or so.
AI small cap Hiremi (ASX:HMI) ended ahead 18% for the day, (losing steam from its +50.0% before lunch.
Strong quarterly results also saw Harvest Technology (ASX:HTG) climb 31.4% to $0.092.
ASX SMALL CAP LAGGARDS
Here are the least 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 | -33% | 9,784,335 | $19,085,614 |
| MGG | Mogul Games Grp Ltd | 0.001 | -33% | 1,295,592 | $4,895,162 |
| PRM | Prominence Energy | 0.001 | -33% | 23,479 | $3,636,913 |
| ENX | Enegex Limited | 0.032 | -26% | 1,855,102 | $7,263,389 |
| MTL | Mantle Minerals Ltd | 0.0015 | -25% | 830,964 | $10,691,210 |
| SIT | Site Group Int Ltd | 0.003 | -25% | 24,000 | $4,204,981 |
| AHI | Advanced Health | 0.099 | -21% | 988,411 | $24,506,746 |
| WTN | Winton Land | 1.985 | -20% | 3,352 | $735,602,065 |
| WGR | Western Gold Resources | 0.06 | -18% | 137,111 | $5,257,577 |
| MRC | Mineral Commodities | 0.057 | -17% | 897,023 | $47,710,460 |
| BMO | Bastion Minerals | 0.058 | -17% | 9,177,046 | $7,532,938 |
| FIJ | Fiji Kava Limited | 0.01 | -17% | 8,778,385 | $3,823,853 |
| XTC | Xantippe Res Ltd | 0.005 | -17% | 26,850,601 | $61,752,208 |
| ICG | Inca Minerals Ltd | 0.021 | -16% | 1,087,427 | $12,071,334 |
| AVD | Avada Group Limited | 0.7 | -15% | 48,761 | $60,446,395 |
| OSM | Osmond Resources | 0.205 | -15% | 10,000 | $7,248,002 |
| AJQ | Armour Energy Ltd | 0.006 | -14% | 1,299,081 | $16,323,987 |
| AYT | Austin Metals Ltd | 0.006 | -14% | 411,409 | $7,111,123 |
| MTH | Mithril Resources | 0.003 | -14% | 104,920 | $11,420,816 |
| THR | Thor Energy PLC | 0.006 | -14% | 4,230,718 | $10,187,190 |
| IPD | Impedimed Limited | 0.059 | -13% | 5,361,841 | $121,425,214 |
| LMLND | Lincoln Minerals - Ordinary New | 0.02 | -13% | 6,937,895 | $18,433,997 |
| ADX | ADX Energy Ltd | 0.007 | -13% | 358,983 | $28,150,715 |
| ATU | Atrum Coal Ltd | 0.007 | -13% | 7,895,504 | $11,133,593 |
| NAE | New Age Exploration | 0.007 | -13% | 739,192 | $11,487,191 |
