On Stockhead today, all you need to know about the world’s most perplexing mineral, five steps to early retirement, and a potential double-bagger looming.
But first, the day ahead.
LOCAL DATA DUMP: TUESDAY
NAB business survey, Monthly consumer confidence index
TRADING HALTS
The following stocks went into trading halts and are expected out in the coming days:
Stelar Metals (ASX:SLB) – potential acquisition
Legacy Minerals (ASX:LGM) – material drilling result at the company’s Bauloora project
Zelira Therapeutics (ASX:ZLD) – HOPE clinical trial funding
Arrow Minerals (ASX:AMD) – capital raise
Thomson Resources (ASX:TMZ) – capital raise
Tennant Minerals (ASX:TMS) – capital raise
Hydrix (ASX:HYD) – regulatory approval status of the AngelMed Guardian Device
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,862.44 (-0.12%)
Silver: $US21.93 (-0.29%)
Nickel (3mth): $US27,794/t (-4.63%)
Copper (3mth): $US8,857.50/t (-1.40%)
Oil (WTI): $US78.91 (-1.04%)
Oil (Brent): $US85.55 (-0.95%)
Iron 62pc Fe: $US126.00 (+0.40%)
AUD/USD: 0.6929 (+0.27%)
Bitcoin: $US21,750 (+0.02%)
WHAT GOT YOU TALKING YESTERDAY?
The International Tin Association says at least 50,000tpa of additional tin supply is needed to service new markets in solar ribbon, EVs and 5G technology by the end of the decade
“There is an urgent need to invest in more capacity.”
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.
YESTERDAY’S ASX SMALL CAP LEADERS
Here are 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 |
|---|---|---|---|---|---|
| KP2 | Kore Potash PLC | 0.017 | 42% | 7,998,324 | $7,982,186 |
| INP | Incentiapay Ltd | 0.007 | 40% | 372,133 | $6,325,318 |
| MCT | Metalicity Limited | 0.004 | 33% | 50,152,030 | $10,476,118 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 3,358,833 | $4,895,162 |
| PNX | PNX Metals Limited | 0.004 | 33% | 350,000 | $13,332,173 |
| ROO | Roots Sustainable | 0.002 | 33% | 875,800 | $1,558,829 |
| VPR | Volt Power Group | 0.002 | 33% | 11,420 | $16,074,312 |
| RML | Resolution Minerals | 0.009 | 29% | 19,454,375 | $7,558,223 |
| ARE | Argonaut Resources | 0.0025 | 25% | 45,542,159 | $12,723,743 |
| WSR | Westar Resources | 0.056 | 24% | 68,140 | $3,583,908 |
| 1CG | One Click Group Ltd | 0.016 | 23% | 506,250 | $7,982,922 |
| PSC | Prospect Res Ltd | 0.215 | 23% | 5,639,742 | $80,895,406 |
| RR1 | Reach Resources Ltd | 0.0055 | 22% | 65,971,297 | $8,595,228 |
| BUY | Bounty Oil & Gas NL | 0.012 | 20% | 10,851,598 | $13,705,010 |
| XTC | Xantippe Res Ltd | 0.006 | 20% | 6,777,952 | $51,725,174 |
| VTM | Victory Metals Ltd | 0.22 | 19% | 1,020,760 | $9,928,709 |
| KGD | Kula Gold Limited | 0.027 | 17% | 276,422 | $8,307,874 |
| LML | Lincoln Minerals | 0.034 | 17% | 8,512,230 | $16,674,527 |
| TRM | Truscott Mining Corp | 0.14 | 17% | 8,349 | $20,058,847 |
| ZEU | Zeus Resources Ltd | 0.021 | 17% | 4,929,410 | $7,889,400 |
| TTB | Total Brain Ltd | 0.007 | 17% | 2,070,992 | $802,327 |
| PPG | Pro-Pac Packaging | 0.36 | 16% | 14,000 | $56,323,190 |
| UNT | Unith Ltd | 0.045 | 15% | 48,786,794 | $29,045,732 |
| EMU | EMU NL | 0.004 | 14% | 3,563,135 | $2,405,438 |
| JPR | Jupiter Energy | 0.032 | 14% | 62,457 | $34,435,803 |
Metalicity (ASX:MCT) has expanded the size of its Mt Surprise copper-cobalt project in North Queensland.
Some dodgy business happening over in Zambia, where Argonaut Resources’ (ASX:ARE) Lumwana West exploration licence was recently cancelled and then granted to another party within 30 days.
ARE is, of course, appealing. The company said that the High Court made a ruling which compels the Minister who made the original call to decide the appeal within 30 days.
PNX Metals (ASX:PNX) has identified multiple high grade gold targets at its Burnside project in the NT, with rock chip sampling returning grades up to ~12g/t.
And Reach Resources (ASX:RR1) has picked up four tenements prospective for lithium, rare earth element (REE) and manganese in WA.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are yesterday’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EX1 | Exopharm Limited | 0.018 | -72% | 19,159,733 | $10,218,750 |
| ALT | Analytica Limited | 0.001 | -33% | 2,538 | $6,920,702 |
| MTL | Mantle Minerals Ltd | 0.002 | -33% | 8,528,000 | $16,036,815 |
| NXL | Nuix Limited | 1.11 | -27% | 5,921,225 | $480,731,913 |
| GES | Genesis Resources | 0.006 | -25% | 66,666 | $6,262,730 |
| GGX | Gas2Grid Limited | 0.0015 | -25% | 30,000 | $8,140,204 |
| GLV | Global Oil & Gas | 0.0015 | -25% | 8,775,078 | $6,857,606 |
| OAU | Ora Gold Limited | 0.006 | -25% | 13,189,616 | $7,873,850 |
| SGR | The Star Ent Grp | 1.49 | -21% | 54,922,594 | $1,785,026,644 |
| KNM | Kneomedia Limited | 0.008 | -20% | 4,386,221 | $13,537,853 |
| RGS | Regeneus Ltd | 0.013 | -19% | 4,216,864 | $4,902,991 |
| CTN | Catalina Resources | 0.009 | -18% | 3,408,940 | $13,623,356 |
| CTO | Citigold Corp Ltd | 0.005 | -17% | 150,000 | $17,001,955 |
| APX | Appen Limited | 2.78 | -16% | 5,720,460 | $409,841,902 |
| HVY | Heavymineralslimited | 0.16 | -16% | 33,411 | $7,331,198 |
| PBL | Parabellumresources | 0.38 | -16% | 698,101 | $24,625,125 |
| MHK | Metalhawk. | 0.14 | -15% | 9,531 | $10,681,340 |
| AHQ | Allegiance Coal Ltd | 0.017 | -15% | 9,494,674 | $20,097,919 |
| CL8 | Carly Holdings Ltd | 0.017 | -15% | 616,686 | $4,087,408 |
| FFT | Future First Tech | 0.023 | -15% | 64,855 | $19,165,587 |
| MHC | Manhattan Corp Ltd | 0.006 | -14% | 9,181,905 | $10,683,951 |
| NZS | New Zealand Coastal | 0.003 | -14% | 31,172 | $3,944,518 |
| TSL | Titanium Sands Ltd | 0.012 | -14% | 861,349 | $19,689,570 |
| NNL | Nordicnickellimited | 0.335 | -14% | 52,857 | $22,799,402 |
| FFF | Forbidden Foods | 0.02 | -13% | 50,000 | $2,972,839 |