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?
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:
| CODE | COMPANY | PRICE | % WEEK | MARKET CAP |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0025 | 150.0% | $45,866,882 |
| IMR | Imricor Med Sys | 0.7 | 89.2% | $73,079,908 |
| ZNO | Zoono Group Ltd | 0.315 | 80.0% | $47,427,336 |
| IPB | IPB Petroleum Ltd | 0.021 | 75.0% | $5,389,678 |
| RGL | Riversgold | 0.061 | 69.4% | $28,808,085 |
| ARL | Ardea Resources Ltd | 1.62 | 67.0% | $280,585,013 |
| WNX | Wellnex Life Ltd | 0.135 | 64.6% | $36,396,698 |
| ECT | Env Clean Tech Ltd. | 0.037 | 60.9% | $60,433,815 |
| CLA | Celsius Resource Ltd | 0.03 | 57.9% | $34,201,042 |
| ICG | Inca Minerals Ltd | 0.15 | 57.9% | $67,369,631 |
| KLI | Killiresources | 0.41 | 57.7% | $13,860,000 |
| NC1 | Nicoresourceslimited | 1.065 | 55.5% | $87,250,002 |
| GFN | Gefen Int | 0.3 | 50.0% | $15,547,091 |
| KEY | KEY Petroleum | 0.003 | 50.0% | $5,903,784 |
| MAN | Mandrake Res Ltd | 0.066 | 50.0% | $22,655,789 |
| PBX | Pacific Bauxite Ltd | 0.15 | 50.0% | $1,189,876 |
| WOO | Wooboard Tech Ltd | 0.0015 | 50.0% | $3,822,163 |
| MEL | Metgasco Ltd | 0.043 | 48.3% | $39,003,602 |
| BNR | Bulletin Res Ltd | 0.205 | 46.4% | $60,807,581 |
| MPG | Manypeaksgoldlimited | 0.34 | 44.7% | $11,235,700 |
| BTN | Butn Limited | 0.3 | 42.9% | $20,364,890 |
| ICN | Icon Energy Limited | 0.02 | 42.9% | $14,340,516 |
| AGH | Althea Group | 0.2 | 42.9% | $63,105,579 |
| LRS | Latin Resources Ltd | 0.074 | 42.3% | $109,889,424 |
| LSA | Lachlan Star Ltd | 0.027 | 42.1% | $34,294,330 |
| BKY | Berkeley Energia Ltd | 0.5675 | 41.9% | $249,646,160 |
| VRC | Volt Resources Ltd | 0.017 | 41.7% | $45,818,456 |
| ABX | ABX Group Limited | 0.19 | 40.7% | $43,600,209 |
| EUR | European Lithium Ltd | 0.14 | 40.0% | $155,504,394 |
| BDX | Bcaldiagnostics | 0.13 | 39.8% | $17,104,368 |
| BLU | Blue Energy Limited | 0.082 | 39.0% | $136,011,125 |
| BMM | Balkanminingandmin | 0.36 | 38.5% | $10,807,500 |
| MIO | Macarthur Minerals | 0.565 | 37.8% | $85,994,558 |
| GTR | Gti Resources | 0.03 | 36.4% | $36,120,999 |
| BIR | BIR Financial Ltd | 0.034 | 36.0% | $4,693,085 |
| MTM | Mtmongerresources | 0.19 | 35.7% | $5,892,206 |
| QPM | Queensland Pacific | 0.19 | 35.7% | $285,475,929 |
| MCA | Murray Cod Aust Ltd | 0.25 | 35.1% | $179,834,546 |
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:
| CODE | COMPANY | PRICE | % WEEK | MARKET CAP |
|---|---|---|---|---|
| IS3 | I Synergy Group Ltd | 0.07 | -64.1% | $18,523,838 |
| BAS | Bass Oil Ltd | 0.002 | -33.3% | $9,225,363 |
| EVE | EVE Health Group Ltd | 0.002 | -33.3% | $8,619,617 |
| RAB | Adrabbit Limited | 0.016 | -33.3% | $3,158,625 |
| OXX | Octanex Ltd | 0.019 | -29.6% | $5,956,487 |
| SIS | Simble Solutions | 0.018 | -28.0% | $6,945,853 |
| UUL | Ultima Utd Ltd | 0.245 | -27.9% | $17,960,343 |
| IEC | Intra Energy Corp | 0.015 | -25.0% | $11,129,831 |
| MOQ | MOQ Limited | 0.05 | -24.2% | $9,527,821 |
| SIH | Sihayo Gold Limited | 0.005 | -23.1% | $18,427,307 |
| TYX | Tyranna Res Ltd | 0.005 | -23.1% | $6,411,803 |
| ABV | Adv Braking Tech Ltd | 0.031 | -22.5% | $12,132,761 |
| BEX | Bikeexchange Ltd | 0.062 | -22.5% | $10,054,268 |
| OAU | Ora Gold Limited | 0.014 | -22.2% | $13,754,238 |
| GO2 | Thego2People | 0.022 | -21.4% | $8,946,042 |
| AAP | Australian Agri Ltd | 0.019 | -20.8% | $5,796,890 |
| AIR | Astivita Ltd | 0.57 | -20.8% | $14,159,925 |
| 88E | 88 Energy Ltd | 0.0335 | -20.2% | $540,097,052 |
| TTA | TTA Holdings Ltd | 0.036 | -20.0% | $4,947,243 |
| SLM | Solismineralsltd | 0.17 | -19.0% | $6,312,785 |
| NRX | Noronex Limited | 0.06 | -18.9% | $11,063,636 |
| REY | REY Resources Ltd | 0.13 | -18.8% | $30,729,493 |
| MAY | Melbana Energy Ltd | 0.155 | -18.4% | $447,712,507 |
| CTT | Cettire | 1.305 | -16.9% | $487,984,922 |
| AFW | Applyflow Limited | 0.0025 | -16.7% | $7,394,020 |
| ARO | Astro Resources NL | 0.005 | -16.7% | $23,526,206 |
| CXU | Cauldron Energy Ltd | 0.015 | -16.7% | $8,298,875 |
| DCX | Discovex Res Ltd | 0.0075 | -16.7% | $17,980,649 |