On Stockhead today, will 2023 be the Year of the, uh… sand, are we mad for going cold on gold, and a shiny s..tcoin for you if you know what a Bitcoin Ordinal is.
But first, the day ahead.

 

TRADING HALTS

The following stocks went into trading halts and are expected out in the coming days:

New Talisman Gold Mines (ASX:NTL) – ensure compliance with ASX listing rule 5.16 for a rights offer document

Botanix Pharmaceuticals (ASX:BOT) – in relation to a press article

Seafarms Group (ASX:SFG) – proposed appointment of an administrator to its fully owned subsidiary, Project Sea Dragon Pty Ltd.

Megado Gold (ASX:MEG) – proposed acquisition

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,860.15 (+0.36%)

Silver: $US21.93 (-0.67%)

Nickel (3mth): $US27,794/t (-4.63%)

Copper (3mth): $US8,857.50/t (-1.40%)

Oil (WTI): $US79.23 (-1.04%)

Oil (Brent): $US86.27 (-0.39%)

Iron 62pc Fe: $US123.00/t (-2.38%)

AUD/USD: 0.6963 (-0.02%)

Bitcoin: $US21,725 (+0.44%)

 

WHAT GOT YOU TALKING YESTERDAY?

Chalice Mining (ASX:CHN) spinout Falcon Metals (ASX:FAL) was yesterday’s biggest winner after reporting multiple high grade gold hits at Ironbark East, part of the flagship Pyramid Hill project in Victoria.

Pyramid Hill was CHN’s No 1 focus before it hit the motherlode at Julimar, and is highly prospective for high-grade gold deposits like the nearby, world-class Fosterville mine.

According to the Victorian government there’s 32Moz of undiscovered gold in the North Bendigo zone where FAL has a dominant landholding.

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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:

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Falcon Metals (ASX:FAL) has reported multiple high grade gold hits at Ironbark East, part of the flagship Pyramid Hill project in Victoria.

Highlights include 12m @ 6.18g/t gold from 74m, including 1m @ 52.9g/t from 77m – the highest-grade gold intercept to date at Pyramid Hill.

Mount Ridley Mines (ASX:MRD) is hitting thick and shallow clay rare earths at its namesake project in WA, including 35m at 1,999ppm TREO (26% MagREO) from 18m at the new Jodi prospect.

Bounty Oil & Gas (ASX:BUY) and its JV partner BPH Energy (ASX:BPH) have won a court battle over the PEP 11 exploration permit offshore NSW.

This ruling sets aside the decision made in March 2022 by then PM (and everything else) Scott Morrison, who overruled his resources minister to reject the offshore gas exploration permit in the lead-up to the election.

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are yesterday’s worst performing ASX small cap stocks:

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