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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, will the ‘spicy metal’ bring the heat in 2023, three stocks with PGE potential, and how to invest in a hedge fund with $5K.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Friday and are expected out in the coming days:
Cannindah Resources (ASX:CAE) – Significant drilling result and capital raising.
Victory Metals (ASX:VTM) – Exploration results.
Nimy Resources (ASX:NIM) – Capital raising.
Aurora Labs (ASX:A3D) – Capital raising.
White Energy Company (ASX: WEC) – Legal hassles in Singapore.
Jindalee Resources (ASX: JRL) – News in relation to a memorandum of understanding for joint research regarding the company’s US McDermitt lithium project.
Falcon Metals (ASX:FAL) – Exploration results are incoming from its Pyramid Hill Gold Project.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,865.38 (+0.21%)
Silver: $US21.99 (+0.06%)
Nickel (3mth): $US29,142/t (+6.40%)
Copper (3mth): $US8,983.00/t (+1.02%)
Oil (WTI): $US79.72 (+2.13%)
Oil (Brent): $US86.49 (+2.36%)
Iron 62pc Fe: $US126.00 (+0.40%)
AUD/USD: 0.6916 (-0.27%)
Bitcoin: $US21,858 (+1.49%)
WHAT GOT YOU TALKING OVER THE WEEKEND?
Legendary miner Robert Friedland reckons we’re about due a big copper discovery or three – otherwise, copper shortages are about to get really, really real.
— Robert Friedland (@robert_ivanhoe) February 11, 2023
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.
LAST WEEK’S ASX SMALL CAP LEADERS
Here are last week’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| MGT | Magnetite Mines | 0.895 | 111% | $44,744,543 |
| FXG | Felix Gold Limited | 0.14 | 75% | $12,474,960 |
| NXL | Nuix Limited | 1.4575 | 68% | $490,251,357 |
| OXX | Octanex Ltd | 0.005 | 67% | $1,294,888 |
| SPA | Spacetalk Ltd | 0.084 | 58% | $25,383,937 |
| BUY | Bounty Oil & Gas NL | 0.011 | 57% | $14,390,260 |
| PSC | Prospect Res Ltd | 0.17 | 55% | $78,584,109 |
| ALT | Analytica Limited | 0.0015 | 50% | $4,613,801 |
| EVE | EVE Health Group Ltd | 0.0015 | 50% | $7,911,724 |
| T3D | 333D Limited | 0.0015 | 50% | $4,783,976 |
| WBE | Whitebark Energy | 0.0015 | 50% | $9,697,329 |
| EMD | Emyria Limited | 0.245 | 48% | $72,712,329 |
| MMM | Marley Spoon | 0.23 | 48% | $92,439,537 |
| CSX | Cleanspace Holdings | 0.65 | 48% | $53,913,666 |
| PCL | Pancontinental Energy | 0.013 | 44% | $90,650,674 |
| MKL | Mighty Kingdom Ltd | 0.05 | 43% | $13,375,003 |
| BAS | Bass Oil Ltd | 0.185 | 42% | $48,225,109 |
| NVU | Nanoveu Limited | 0.017 | 42% | $5,767,595 |
| FRM | Farm Pride Foods | 0.105 | 40% | $8,022,149 |
| C29 | C29 Metals limited | 0.265 | 39% | $11,169,065 |
| OZZ | OZZ Resources | 0.089 | 38% | $3,519,340 |
| IMR | Imricor Med Sys | 0.3 | 36% | $46,917,764 |
| PLG | Pearl Gull Iron | 0.042 | 35% | $6,569,482 |
| BUX | Buxton Resources Ltd | 0.16 | 33% | $24,894,971 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | $31,285,147 |
| DCX | Discovex Res Ltd | 0.004 | 33% | $9,907,704 |
| EVR | Ev Resources Ltd | 0.02 | 33% | $18,719,681 |
| FLX | Felix Group | 0.16 | 33% | $26,642,351 |
| GGX | Gas2Grid Limited | 0.002 | 33% | $8,140,204 |
| MTL | Mantle Minerals Ltd | 0.002 | 33% | $10,691,210 |
| TRM | Truscott Mining Corp | 0.12 | 33% | $20,894,633 |
| GTG | Genetic Technologies | 0.004 | 33% | $46,166,633 |
| HVY | Heavy Minerals | 0.185 | 32% | $6,945,346 |
| GRE | Greentech Metals | 0.145 | 32% | $4,682,050 |
| SLM | Solis Minerals | 0.125 | 32% | $5,816,057 |
| NXS | Next Science Limited | 0.765 | 31% | $172,906,058 |
| PEK | Peak Rare Earths Ltd | 0.56 | 30% | $114,420,587 |
| MM1 | Midas Minerals | 0.195 | 30% | $9,998,059 |
| W2V | Way2Vat | 0.023 | 28% | $5,063,493 |
| DRA | DRA Global Limited | 1.955 | 28% | $106,372,524 |
| JXT | Jaxstaltd | 0.051 | 28% | $18,105,508 |
| APX | Appen Limited | 3.26 | 27% | $364,166,750 |
| IBX | Imagion Biosys Ltd | 0.028 | 27% | $30,275,600 |
| AUQ | Alara Resources Ltd | 0.04 | 25% | $26,569,239 |
| MTB | Mount Burgess Mining | 0.005 | 25% | $4,415,856 |
| SRJ | SRJ Technologies | 0.15 | 25% | $12,484,535 |
| SUM | Summit Minerals | 0.175 | 25% | $4,450,959 |
| BNR | Bulletin Res Ltd | 0.125 | 25% | $38,166,843 |
| SKF | Skyfii Ltd | 0.082 | 24% | $34,567,344 |
| ABX | ABX Group Limited | 0.155 | 24% | $35,774,530 |
Magnetite Mines (ASX:MGT) boosted resources to 3.3 billion tonnes at its monster Razorback magnetite iron ore project in South Australia by updating its “highest quality” Iron Peak resource.
Iron Peak is now of suitable size and quality to investigate processing the deposit in the first years of operations, the company says.
Razorback is a huge development, with the $60m capped stock requiring ~$665m for the Stage 1, 3Mtpa development announced in the 2021 PFS.
But this has since changed, with the company betting big on the emerging green steel thematic.
Optimisation studies are due for completion in March looking at a larger scale, 5Mtpa development.
LAST WEEK’S ASX SMALL CAP LAGGARDS
Here are last week’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| ZEU | Zeus Resources Ltd | 0.019 | -62% | $7,889,400 |
| LML | Lincoln Minerals | 0.03 | -41% | $18,399,478 |
| MRI | My Rewards International | 0.021 | -40% | $4,498,604 |
| KFM | Kingfisher Mining | 0.35 | -34% | $17,709,450 |
| MME | Moneyme Limited | 0.27 | -29% | $80,725,459 |
| REM | Remsense Technologies | 0.1 | -29% | $3,646,157 |
| MHC | Manhattan Corp Ltd | 0.0065 | -28% | $10,683,951 |
| HCT | Holista CollTech Ltd | 0.017 | -26% | $4,739,601 |
| AQX | Alice Queen Ltd | 0.0015 | -25% | $4,400,500 |
| KEY | KEY Petroleum | 0.0015 | -25% | $2,951,892 |
| PNX | PNX Metals Limited | 0.003 | -25% | $15,554,202 |
| RBR | RBR Group Ltd | 0.003 | -25% | $4,220,214 |
| RGS | Regeneus Ltd | 0.015 | -25% | $4,290,117 |
| ROO | Roots Sustainable | 0.0015 | -25% | $1,558,829 |
| YPB | YPB Group Ltd | 0.003 | -25% | $1,219,638 |
| MCM | Mc Mining Ltd | 0.21 | -25% | $100,414,601 |
| LAW | Law Finance | 0.04 | -25% | $2,554,706 |
| AW1 | American West Metals | 0.066 | -24% | $10,486,172 |
| ASN | Anson Resources Ltd | 0.215 | -23% | $259,216,083 |
| IPB | IPB Petroleum Ltd | 0.01 | -23% | $4,107,329 |
| WGX | Westgold Resources | 1.0325 | -22% | $516,248,776 |
| CLU | Cluey Ltd | 0.2925 | -22% | $40,446,968 |
| CUF | Cufe Ltd | 0.018 | -22% | $17,390,023 |
| ETR | Entyr Limited | 0.018 | -22% | $30,154,022 |
| DOU | Douugh Limited | 0.011 | -21% | $11,788,030 |
| VKA | Viking Mines Ltd | 0.011 | -21% | $12,303,101 |
| WA1 | WA1 Resources | 1.335 | -21% | $49,289,845 |
| BTR | Brightstar Resources | 0.019 | -21% | $15,753,448 |
| LMLND | Lincoln Minerals - Ordinary New | 0.019 | -21% | $16,978,041 |
| ZMM | Zimi Ltd | 0.05 | -21% | $4,365,044 |
| GLL | Galilee Energy Ltd | 0.155 | -21% | $52,473,312 |
| CYM | Cyprium Metals Ltd | 0.1075 | -20% | $80,321,813 |
| PLY | Playside Studios | 0.415 | -20% | $168,740,418 |
| AD1 | AD1 Holdings Limited | 0.008 | -20% | $5,605,850 |
| ATH | Alterity Therap Ltd | 0.008 | -20% | $21,747,766 |
| CT1 | Constellation Tech | 0.004 | -20% | $5,884,801 |
| GSN | Great Southern | 0.024 | -20% | $14,793,925 |
| NME | Nex Metals Explorat | 0.02 | -20% | $5,576,380 |
| NTL | New Talisman Gold | 0.016 | -20% | $6,396,145 |
| MPA | Mad Paws | 0.14 | -20% | $48,001,208 |
| ICI | Icandy Interactive | 0.045 | -20% | $60,398,356 |
| AKP | Audio Pixels Ltd | 6.67 | -20% | $217,545,118 |
| SVL | Silver Mines Limited | 0.165 | -20% | $251,907,268 |
| SNS | Sensen Networks Ltd | 0.051 | -19% | $34,611,799 |
| TAS | Tasman Resources Ltd | 0.008 | -19% | $6,711,677 |
| BTC | BTC Health Ltd | 0.03 | -19% | $9,019,083 |
| GPR | Geopacific Resources | 0.022 | -19% | $12,508,587 |
| HMG | Hamelin Gold | 0.11 | -19% | $11,550,000 |
| SPD | Southern Palladium | 0.64 | -18% | $31,016,395 |
| BGE | Bridge SaaS | 0.053 | -18% | $1,480,837 |
