On Stockhead today, six oil producers going cheap in a rising market, how oil prices affect fuel prices, and how high will interest go, and when?

But first, the day ahead.

Bit of a sparse day on the official news front ahead of the federal budget, which will be handed down Tuesday eve.

On the Budget’s data docket job vacancies, home prices, wealth, and lending indicators all feature, CommSec says.
WHO’S LISTING TODAY?

FAR EAST GOLD (ASX:FEG)

When: 11:30am AEDT

This explorer hits the bourse with a 1Moz and growing gold resource at the ‘Wonogiri’ project in Indonesia.

There’s also ‘Trenggalek’, where more than 17,700m of drilling has been carried out to date, and ‘Woyla’, a project previously held by Barrick Gold and Newcrest.

FEG also has a bunch of earlier stage projects in Australia.

Cumulatively, over $40m has been spent across the portfolio to date.

 

TRADING HALTS

The following companies are in trading halts, and are expected out in the next few days:

Westar Resources (ASX:WSR) – material capital raising

Invictus Energy Ltd (ASX:IVZ) – update in relation to an agreement with the Government of the Republic of Zimbabwe, relating to the Company’s SG 4571 Permit

3D Metalforge (ASX:3MF) – material capital raising

Tempest Minerals (ASX:TEM) – exploration results from the Meleya Project.

Desert Metals Limited (ASX:DM1) – capital raising

Gascoyne Resources (ASX: GCY) – capital raising.

YPB Group Limited (ASX:YPB) – capital raising

Aston Minerals Limited (ASX: ASO) – capital raising

Sequoia Financial Group (ASX:SEQ) — Pending acquisition

Alligator Energy (ASX:AGE) — Drilling results Samphire Project

Tietto Minerals (ASX:TIE) — capital raising

Consolidated Zinc (ASX:CZL) — capital raising

Antilles Gold (ASX:AAU) — capital raising

 

MARKETS (updated at 8am AEDT)

Gold: $US1,957.55 (+0.00%)

Silver: $US25.49 (-0.08%)

Oil (WTI): $US113.90 (+1.39%)

Oil (Brent): $US119.6 (+0.48%)

Aust Coking Coal (steelmaking): $599.30/t (-1.3%)

Newcastle Coal (thermal): $325.00/t (0.00%)

Iron 62pc Fe: $US146.00 (+2.82%)

AUD/USD: $US0.7516 (+0.049%)

Bitcoin: $US44,658 (+0.27%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

Is it vanadium’s time to shine?

 

How bad are ridiculous input price rises going to be for future global food production? Real bad, says Doomberg.

 

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

LAST WEEK’S BIGGEST SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for March 21 – March 25 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Metgasco (ASX:MEL) had a cracking week, with the ATP 2021 joint venture (25% MEL) executing a definitive gas sales agreement with AGL Wholesale Gas.

MD Ken Aitken said the deal is a significant milestone for Metgasco and will see the company’s transition into a bone fide gas producer by the middle of the year.

Explorer Riversgold (ASX:RGL) picked up rock chips grading up to 2% lithium during an initial site visit to the ‘Tambourah’ project in the Pilbara region of WA.

Ore grade for hard rock mines is usually around 1-1.5% lithium.

It’s a solid start — these rock chips are from one 200m section of what is potentially a 26km-long mineralised corridor at Tambourah, RGL CEO Julian Ford says.

Ardea Resources (ASX:ARL) received Major Project Status from the Aussie Government for its $1.165 billion  Kalgoorlie Nickel-Cobalt Project (KNP).

This will helps streamline the approvals process and provides access to additional sources of potential project funding, ARL says.

 

LAST WEEK’S BIGGEST SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for March 21 – March 25 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort: