On Stockhead today, why the uranium boom will be a boomer, Guy’s feeling all Patriotic, and the FDA countdown for Neuren begins

 

But first, the day ahead.

TRADING HALTS

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

DC Two (ASX:DC2) – Asset sale announcement

Los Cerros (ASX:LCL) – Capital raising

S2 Resources (ASX:S2R) – Capital raising

Medlab Clinical (ASX:MDC) – Capital raising

American West Metals (ASX:AW1) – Capital raising

Catalyst Metals (ASX:CYL) – Material acquisition

Norfolk Metals (ASX:NFL) – Exploration results from its Orroroo Project

Way2Vat (ASX:W2V) – Announcement in relation to the Endeavor Group Holdings arrangement

Silex Systems (ASX:SLX) – Capital raising

Conico (ASX:CNJ) – Capital raising

EML Payments (ASX:EML) – News about a letter that EML’s Irish subsidiary, PFS Card Services, got from the Central Bank of Ireland

Great Boulder Resources (ASX:GBR) – Drilling results incoming

Delta Drone International (ASX:DLT) – ASX Speeding ticket

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,826.03 (+0.07%)

Silver: $US21.52 (+0.11%)

Nickel (3mth): $US26,431/t (-2.49%)

Copper (3mth): $US9,112.00/t (-0.96%)

Oil (WTI): $US74.05 (+0.12%)

Oil (Brent): $US80.65 (+0.07%)

Iron 62pc Fe: $US131.5/t (-1.13%)

AUD/USD: 0.6814 (+0.16%)

Bitcoin: $US24,278 (+2.00%)

WHAT GOT YOU TALKING YESTERDAY?

Once it is built next year the Goulamina operation in Mali will have a more than two decade life ahead of it, with its first stage to see 506,000t of spodumene shipped each year.

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
PRM Prominence Energy 0.002 100% 1,117,929 $2,424,609
PVS Pivotal Systems 0.043 79% 1,622,929 $3,828,090
MTM Mtmongerresources 0.11 47% 21,127,603 $4,276,817
DTR Dateline Resources 0.036 38% 2,800,627 $14,694,797
ROO Roots Sustainable 0.002 33% 500,250 $1,558,829
ICG Inca Minerals Ltd 0.028 33% 9,763,285 $10,139,921
FYI FYI Resources Ltd 0.076 29% 16,792,461 $21,612,738
OCA Oceania Healthc Ltd 0.895 26% 5,000 $513,841,016
FTL Firetail Resources 0.16 23% 297,980 $8,450,000
DLT Delta Drone Intl Ltd 0.011 22% 19,530,010 $4,604,444
Z2U Zoom2Utechnologies 0.085 21% 133,118 $9,799,277
ACE Acusensus Limited 3.89 21% 2,939 $80,619,134
BPP Babylon Pump & Power 0.006 20% 1,854,760 $12,288,857
CAV Carnavale Resources 0.003 20% 10,932,420 $6,833,879
PIL Peppermint Inv Ltd 0.006 20% 4,503,724 $10,189,284
IG6 Internationalgraphit 0.285 19% 1,307,747 $21,117,146
ALM Alma Metals Ltd 0.013 18% 12,390,416 $10,054,009
SGC Sacgasco Ltd 0.013 18% 1,152,500 $6,747,976
ADD Adavale Resource Ltd 0.021 17% 321,365 $9,351,470
AJQ Armour Energy Ltd 0.007 17% 91,306 $13,991,989
ETR Entyr Limited 0.023 15% 5,747,345 $30,154,022
WC1 Westcobarmetals 0.155 15% 120,268 $11,661,805
FAU First Au Ltd 0.004 14% 3,231,667 $3,831,741
KNM Kneomedia Limited 0.008 14% 1,967,499 $10,533,497
MEM Memphasys Ltd 0.016 14% 1,011,078 $13,433,285
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Mt Monger Resources (ASX:MTM) will buy the Pomme hard rock rare earths project in Quebec, Canada, from TSX listed explorer Geomega Resources for ~$1m in cash and shares.

The company says it has similar geology to Geomega’s advanced 266Mt Montviel carbonatite REE-Nb deposit, just 7km away.

Dateline Resources (ASX:DTR) now has a partner which will allow production to restart at its Gold Links gold mine in Colorado.

The deal combines DTR’s Gold Links mine and Lucky Strike processing plant with US company MW Sorter’s 51,000oz stockpiles at the London and Hock Hocking mines, ~160km from the plant.

The new entity will be owned 50% by DTR, 40% by MW and 10% by a private Aussie investor.

Wednesday’s biggest loser FYI Resources (ASX:FYI)  partially bounced back from its precipitous +60% fall.

The selloff began after US aluminium giant Alcoa pulled out of a deal to develop FYI’s advanced HPA project in Perth, WA.

The now scrapped agreement – which wasn’t popular with shareholders either — would’ve seen Alcoa acquire 65% of the project by spending $US243m on project development.

The project now reverts to FYI, who will develop an alternative plan and schedule for development with a “speed to market” approach.

 

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
GLV Global Oil & Gas 0.001 -33% 316,835 $5,143,205
MCM Mc Mining Ltd 0.18 -27% 67,892 $97,431,989
PNT Panthermetalsltd 0.14 -26% 36,557 $5,842,500
EMU EMU NL 0.003 -25% 1,045,964 $2,749,072
RED Red 5 Limited 0.135 -23% 58,414,115 $488,742,925
NNG Nexion Group 0.028 -22% 10,000 $5,483,083
XF1 Xref Limited 0.22 -21% 307,311 $52,129,361
SHJ Shine Justice Ltd 0.72 -21% 1,049,454 $158,534,558
ROG Red Sky Energy. 0.004 -20% 1,762,281 $26,511,136
TD1 Tali Digital Limited 0.002 -20% 8,000,000 $6,937,889
NWM Norwest Minerals 0.037 -20% 3,577,858 $10,216,940
CVR Cavalierresources 0.125 -17% 16,529 $4,560,608
DUN Dundasminerals 0.125 -17% 388,799 $7,116,638
T88 Taitonresources 0.175 -17% 126,470 $10,820,154
AMD Arrow Minerals 0.005 -17% 53,561 $15,202,591
ATU Atrum Coal Ltd 0.005 -17% 167,908 $8,350,195
INP Incentiapay Ltd 0.005 -17% 609,100 $7,590,382
MCT Metalicity Limited 0.0025 -17% 2,137,713 $10,476,118
SIO Simonds Grp Ltd 0.096 -17% 149,000 $41,389,242
PTM Platinum Asset 1.905 -16% 7,431,169 $1,337,627,892
TOY Toys R Us 0.031 -16% 2,646,617 $31,934,207
ALO Alloggio Group 0.195 -15% 1,575,823 $27,225,159
TLG Talga Group Ltd 1.6 -14% 4,248,949 $625,192,836
TEG Triangle Energy Ltd 0.018 -14% 11,784,297 $28,235,334
AL8 Alderan Resource Ltd 0.006 -14% 2,852,932 $4,047,863
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Red 5’s (ASX:RED) return to equity markets for the second time in under six months has left a sour taste for investors, who pummelled the stock after the gold miner re-emerged to trade after announcing the completion of a $90m cash call.

The $80m placement came at a 22.9% discount to its Monday price of 17.5c, with a $10m fully underwritten share purchase plan also announced.

Graphite project developer Talga Group (ASX:TLG) has raised $40m at $1.55/sh – a 11.5% discount to 20-day VWAP.

This represents a solid premium to TLG’s last raise in October, when it topped up its cash pile with a $32m placement and share purchase plan at $1.10/sh.

And law firm Shine Justice (ASX:SHJ) saw net profit after tax fall 18.39% to $10.65m in the six months ending December, compared to the same period in 2021.

 

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