On Stockhead today, the ASX rare earths plays getting their Big Boy Pants in 2023, stock tips with MOATs in them, and our pet day trader gets completely bankered.

But first, the day ahead.

 

TRADING HALTS

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

Province Resources (ASX:PRL) – Material update in relation to a Binding Term Sheet entered into with Total Eren Australia.

Mandrake Resources (ASX:MAN) – Material transaction in relation to a new project.

Zelira Therapeutics (ASX:ZLD) – Director appointment.

King River Resources (ASX:KRR) – Sale transaction announcement.

Aston Minerals (ASX:ASO) – Announcement regarding a maiden nickel resource.

Tivan (ASX:TVN) – Announcement of an acquisition transaction.

Rimfire Pacific Mining (ASX:RIM) – Capital raising.

Bastion Minerals (ASX:BMO) – Announcement with respect to the option agreement to acquire the lithium royalty and projects portfolio first announced to the ASX on 5 December 2022.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,842.39 (+0.27%)

Silver: $US21.72 (+0.56%)

Nickel (3mth): $US26,489/t (+1.32%)

Copper (3mth): $US9.023.00/t (+1.87%)

Oil (WTI): $US76.34 (-2.74%)

Oil (Brent): $US82.98 (-2.54%)

Iron 62pc Fe: $US127.50/t (+0.39%)

AUD/USD: 0.6879 (+0.04%)

Bitcoin: $US24,593 (+0.45%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

Tesla mulls purchase of near-term lithium miner, Sigma (NASDAQ: SGML) – “one of multiple options Tesla is exploring”.

 

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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
ECG eCargo Holdings 0.035 94% $20,303,250
RVS Revasum 0.295 55% $25,419,997
OM1 Omnia Metals Group 0.29 53% $8,448,913
ARE Argonaut Resources 0.003 50% $19,085,614
RR1 Reach Resources Ltd 0.006 50% $11,460,304
VPR Volt Power Group 0.0015 50% $16,074,312
CBH Coolabah Metals Limi 0.155 48% $5,062,500
MEG Megado Minerals Ltd 0.063 47% $5,912,500
EMU EMU NL 0.004 43% $2,749,072
FAL Falcon Metals 0.32 42% $60,180,000
RMY RMA Global 0.135 42% $61,373,690
MRI My Rewards International 0.03 36% $7,770,317
JPR Jupiter Energy 0.038 36% $40,585,054
RBX Resource B 0.155 35% $7,704,427
KP2 Kore Potash PLC 0.016 33% $9,977,733
LDX Lumos Diagnostics 0.04 33% $7,992,736
MGG Mogul Games Grp Ltd 0.002 33% $6,526,882
AJX Alexium Int Group 0.026 30% $16,783,704
BLZ Blaze Minerals Ltd 0.013 30% $4,777,607
MGT Magnetite Mines 0.755 28% $59,153,803
PUR Pursuit Minerals 0.028 27% $33,133,946
LBY Laybuy Group Holding 0.033 27% $8,240,966
MTL Mantle Minerals Ltd 0.0025 25% $13,364,013
AGD Austral Gold 0.059 23% $36,126,370
CMO Cosmo Metals 0.165 22% $4,209,150
MKL Mighty Kingdom Ltd 0.05 22% $16,637,199
REC Recharge Metals 0.145 21% $5,770,275
SNX Sierra Nevada Gold 0.29 21% $12,072,081
AVW Avira Resources Ltd 0.003 20% $6,401,370
IEC Intra Energy Corp 0.006 20% $4,234,690
INP Incentiapay Ltd 0.006 20% $8,855,445
KNB Koonenberry Gold 0.06 20% $4,545,387
MCT Metalicity Limited 0.003 20% $10,476,118
OXX Octanex Ltd 0.006 20% $1,553,866
PUA Peak Minerals Ltd 0.006 20% $6,248,260
SIS Simble Solutions 0.012 20% $6,395,409
THR Thor Energy PLC 0.006 20% $8,853,677
MAT Matsa Resources 0.043 19% $19,364,217
BMT Beamtree Holdings 0.34 19% $78,315,648
SOV Sovereign Cloud Hldg 0.155 19% $22,956,841
SHO Sportshero Ltd 0.019 19% $11,500,022
TCG Turaco Gold Limited 0.064 19% $27,801,583
SLM Solis Minerals 0.13 18% $5,583,414
WMG Western Mines 0.195 18% $8,616,825
PGH Pact Group Hldgs Ltd 1.185 18% $395,933,561
CVN Carnarvon Energy Ltd 0.17 17% $306,031,774
AMD Arrow Minerals 0.007 17% $15,202,591
CXU Cauldron Energy Ltd 0.007 17% $7,452,544
DCX Discovex Res Ltd 0.0035 17% $13,210,272
PNX PNX Metals Limited 0.0035 17% $17,776,231
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Asian ecommerce minnow e-Cargo Holdings (ASX:ECG) jumped almost 100% last week on no news.

Omnia Metals (ASX:OM1)  identified a 2.3km long, 440m wide lithium target at the soon-to-be-acquired 540sqkm Lac des Montagnes tenement package in Quebec, Canada.

Reach Resources (ASX:RR1)  picked up four tenements prospective for lithium, rare earth element (REE) and manganese in WA.

Meanwhile, Megado Minerals (ASX:MEG) is buying the large scale Cyclone lithium project in the popular Canadian jurisdiction of James Bay, Quebec.

The project is close to significant lithium discoveries like Patriot Battery Metals’ (ASX:PMT) Corvette project, and Winsome Resources’ (ASX:WR1) Adina project.

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.

And Falcon Metals (ASX:FAL)  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.

 

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
EX1 Exopharm Limited 0.015 -77% $2,358,173
TTB Total Brain Ltd 0.002 -67% $401,163
TMZ Thomson Res Ltd 0.007 -59% $6,959,608
PVS Pivotal Systems 0.021 -55% $3,190,075
AQX Alice Queen Ltd 0.001 -50% $3,795,431
GLV Global Oil & Gas 0.001 -50% $6,857,606
SIH Sihayo Gold Limited 0.001 -50% $6,102,128
XST Xstate Resources 0.0015 -40% $6,430,363
SPA Spacetalk Ltd 0.059 -38% $18,933,558
AL3 Aml3D 0.073 -37% $17,918,947
CLZ Classic Min Ltd 0.0045 -36% $5,756,635
CAQ CAQ Holdings Ltd 0.016 -36% $11,484,580
AHQ Allegiance Coal Ltd 0.014 -33% $11,053,855
EVE EVE Health Group Ltd 0.001 -33% $5,274,483
HHI Health House Int Ltd 0.008 -33% $1,130,637
WBE Whitebark Energy 0.001 -33% $6,464,886
PNR Pantoro Limited 0.062 -30% $104,950,414
WEC White Energy Company 0.2 -30% $8,519,551
MBK Metal Bank Ltd 0.023 -30% $6,359,167
AXP AXP Energy Ltd 0.0025 -29% $17,474,042
NXL Nuix Limited 1.095 -29% $350,632,847
TPW Temple & Webster Ltd 3.76 -28% $445,077,921
CY5 Cygnus Metals Ltd 0.345 -28% $61,597,861
AHN Athena Resources 0.006 -25% $6,422,805
AYM Australia United Min 0.003 -25% $7,370,310
CTN Catalina Resources 0.009 -25% $11,146,382
GES Genesis Resources 0.006 -25% $4,697,048
KEY KEY Petroleum 0.0015 -25% $2,951,892
NES Nelson Resources 0.006 -25% $3,531,566
ROO Roots Sustainable 0.0015 -25% $1,558,829
AW1 American West Metals 0.052 -24% $7,247,795
ADS Adslot Ltd. 0.008 -24% $17,634,787
EGG Enero Group Ltd 2.27 -24% $213,256,860
SGA Sarytogan 0.355 -23% $24,101,373
SVL Silver Mines Limited 0.15 -23% $210,602,946
LNR Lanthanein Resources 0.02 -23% $22,431,511
TUL Tulla Resources 0.265 -23% $60,661,809
LCT Living Cell Tech. 0.009 -22% $12,210,955
W2V Way2Vatltd 0.018 -22% $3,962,734
SGR The Star Ent Grp 1.48 -22% $1,399,460,889
NYM Narryer Metalsl 0.105 -22% $3,658,500
FZR Fitzroy River Corp 0.135 -21% $14,573,824
HIL Hills Ltd 0.027 -21% $6,263,609
LER Leaf Res Ltd 0.015 -21% $27,150,583
NGS NGS Ltd 0.026 -21% $4,004,301
PVW PVW Res Ltd 0.11 -21% $10,697,516
HYD Hydrix Limited 0.048 -20% $12,456,724
LNU Linius Tech Limited 0.002 -20% $6,268,826
RFA Rare Foods Australia 0.072 -20% $14,540,890
RIE Riedel Resources Ltd 0.008 -20% $12,345,364
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Cash-strapped biotech featherweight Exopharm (ASX:EX1) saw its shares crater following a bid to raise $2.1 million.

To stay afloat the company will seek to raise cash via a combo of $1.5m raise at 1c per share (an 85% discount to the Feb 7 price of 7c) and $600,000 convertible note (secured to the company’s IP, converting at a 20% discount to the entitlement issue price of 1c).

Similarly, silver explorer Thomson Resources (ASX:TMZ) plummeted after announcing plans to raise up to $1.74m at an almost 90% discount to the last share price. Unheard of.

TMZ executive chairman David Williams has also resigned “due to personal reasons”, effective immediately.

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