According to Bloomberg, senior White House officials have been in touch with veteran investor Warren Buffett on the banking crisis. (Photo by Jamie McCarthy/Getty Images)
Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, the hydrogen players tackling a hidden emissions crisis, why one expert loves Domain, and our day trader’s in the doghouse… again.
But first, the day ahead.
LOCAL DATA DUMP: MONDAY
- Speech from RBA Assistant Governor, Christopher Kent
TRADING HALTS
The following stocks went into trading halts Friday and are expected out in the coming days:
Hills (ASX:HIL) – capital raising
Lodestar Minerals (ASX:LSR) – pending exploration results
Celsius Resources (ASX:CLA) – an announcement in relation to a local partner for the MCB project in the Philippines
Auroch Minerals (ASX:AOU) – pending exploration results
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,988.08 (+3.59%)
Silver: $US22.62 (+4.11%)
Nickel (3mth): $US23,2636/t (+1.01%)
Copper (3mth): $US8518.50/t (+0.16%)
Oil (WTI): $US66.74 (-2.36%)
Oil (Brent): $US72.71 (-2.66%)
Iron 62pc Fe: $US132.00/t (0.00%)
AUD/USD: 0.6695 (+0.62%)
Bitcoin: $US27,044 (+0.82%)
WHAT GOT YOU TALKING OVER THE WEEKEND?
America calling in the biggest of guns, Warren Buffett.
JUST IN:
According to Bloomberg, senior White House officials have been in touch with Warren Buffett on the banking crisis.
— unusual_whales (@unusual_whales) March 18, 2023
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.
LAST WEEK’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks 13 – 17 Mar:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| VTG | Vita Group Ltd | 0.145 | 79% | $24,622,056 |
| GWR | GWR Group Ltd | 0.11 | 75% | $35,333,832 |
| EAX | Energy Action Ltd | 0.165 | 50% | $4,453,119 |
| IEC | Intra Energy Corp | 0.006 | 50% | $4,234,690 |
| ROO | Roots Sustainable | 0.0015 | 50% | $1,039,220 |
| WBE | Whitebark Energy | 0.0015 | 50% | $9,697,329 |
| IHR | intelliHR Limited | 0.215 | 43% | $57,798,490 |
| MBK | Metal Bank Ltd | 0.029 | 38% | $7,188,624 |
| ADG | Adelong Gold Limited | 0.011 | 38% | $5,338,223 |
| B4P | Beforepay Group | 0.365 | 35% | $12,196,386 |
| 4DS | 4Ds Memory Limited | 0.051 | 34% | $63,629,914 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | $31,285,147 |
| INP | Incentiapay Ltd | 0.004 | 33% | $5,060,255 |
| IS3 | I Synergy Group Ltd | 0.02 | 33% | $5,492,527 |
| VPR | Volt Power Group | 0.002 | 33% | $21,432,416 |
| XSTDA | Xstate Resources | 0.013 | 30% | $2,893,663 |
| MMI | Metro Mining Ltd | 0.013 | 30% | $61,093,615 |
| SMN | Structural Monitor. | 0.46 | 30% | $65,748,017 |
| WOO | Wooboard Tech Ltd | 0.009 | 29% | $2,299,549 |
| BOT | Botanix Pharma Ltd | 0.105 | 28% | $118,748,107 |
| AR3 | Austrare | 0.265 | 26% | $24,276,396 |
| EQS | Equitystorygroupltd | 0.053 | 26% | $1,955,159 |
| FGL | Frugl Group Limited | 0.01 | 25% | $7,648,496 |
| PUA | Peak Minerals Ltd | 0.005 | 25% | $5,206,883 |
| RTH | Ras Tech | 0.52 | 24% | $20,910,949 |
| ZNO | Zoono Group Ltd | 0.074 | 23% | $11,772,816 |
| PYR | Payright Limited | 0.027 | 22% | $3,839,324 |
| RMS | Ramelius Resources | 1.165 | 21% | $978,038,512 |
| VAR | Variscan Mines Ltd | 0.023 | 21% | $6,134,837 |
| WGX | Westgold Resources. | 1.1 | 21% | $513,880,662 |
| REC | Rechargemetals | 0.145 | 21% | $5,571,300 |
| DLT | Delta Drone Intl Ltd | 0.012 | 20% | $5,116,049 |
| EDE | Eden Inv Ltd | 0.006 | 20% | $17,588,666 |
| MGU | Magnum Mining & Exp | 0.018 | 20% | $12,687,812 |
| IVR | Investigator Res Ltd | 0.042 | 20% | $57,486,546 |
| NGY | Nuenergy Gas Ltd | 0.042 | 20% | $53,314,398 |
| RSG | Resolute Mining | 0.33 | 20% | $670,637,069 |
| KCN | Kingsgate Consolid. | 1.79 | 19% | $334,193,884 |
| VHT | Volpara Health Tech | 0.81 | 19% | $194,378,780 |
| CI1 | Credit Intelligence | 0.19 | 19% | $16,282,336 |
| EEL | Enrg Elements Ltd | 0.026 | 18% | $23,230,856 |
| STN | Saturn Metals | 0.165 | 18% | $24,247,764 |
| IME | Imexhs Limited | 0.5 | 18% | $18,178,950 |
| DXN | DXN Limited | 0.0035 | 17% | $6,024,602 |
| AGG | AngloGold Ashanti | 5.83 | 16% | $510,268,416 |
| PKD | Parkd Ltd | 0.022 | 16% | $2,240,003 |
| CMG | Criticalmineralgrp | 0.185 | 16% | $5,649,081 |
| SIX | Sprintex Ltd | 0.045 | 15% | $9,919,819 |
| RXL | Rox Resources | 0.265 | 15% | $57,210,336 |
| TGN | Tungsten Min NL | 0.115 | 15% | $86,505,570 |
Gold miners Ramelius (ASX:RMS), Resolute Mining (ASX:RSG), Westgold (ASX:WGX) and AngloGold Ashanti (ASX:AGG) surged as the gold price marched toward US$2,000/oz.
The Aussie price of $2,964/oz is currently at record highs – great news for local producers.
Kingsgate Consolidated (ASX:KCN) picked a good week to restart mining at the 3.4Moz Chatree gold mine in Thailand, which is expected to produce ~110,000ozpa once fully ramped up over an initial 8-10 year life, at an all in sustaining cost of ~US$1,193/oz.
Vita Group (ASX:VTG) received an all-cash takeover offer from Practice Management at $0.06255 per share.
Under the terms of the deal, VTG will be permitted to pay a fully franked special dividend of up to $0.06425 per VTG share on or before the scheme implementation date.
It’s a big win for VTG shareholders, who would be in line for a total value of up to $0.12680 per VTG share, before the benefit of any franking credits.
Similarily, HR tech stock IntelliHR (ASX:IHR) scored a takeover counteroffer from The Access Group (TAG) over the top of a bid by Humanforce Holdings.
Humanforce had originally offered up $0.11 per share for IHR, which TAG tried to knock off the table with a $0.14 bid of its own, before Humanforce upped its bid to $0.165.
Now the top offer stands with TAG at 20c per share, valuing the company at ~$70m.
Which looks great unless you are a long-term holder. IHR listed in January 2018 at 30c per share and peaked at ~49c in December 2020.
LAST WEEK’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks 13 – 17 Mar:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| OSL | Oncosil Medical | 0.016 | -52% | $30,821,510 |
| C29 | C29Metalslimited | 0.12 | -43% | $5,377,698 |
| FIJ | Fiji Kava Limited | 0.004 | -43% | $1,538,404 |
| BNO | Bionomics Limited | 0.026 | -40% | $39,655,856 |
| MME | Moneyme Limited | 0.115 | -36% | $33,989,667 |
| BEX | Bikeexchange Ltd | 0.009 | -36% | $8,386,588 |
| HFY | Hubify Ltd | 0.023 | -34% | $11,411,135 |
| AVW | Avira Resources Ltd | 0.002 | -33% | $4,267,580 |
| KEY | KEY Petroleum | 0.001 | -33% | $1,967,928 |
| PHL | Propell Holdings Ltd | 0.03 | -33% | $3,396,263 |
| TD1 | Tali Digital Limited | 0.002 | -33% | $8,325,467 |
| HTA | Hutchison | 0.041 | -32% | $651,480,412 |
| FIN | FIN Resources Ltd | 0.011 | -31% | $7,895,717 |
| OSX | Osteopore Limited | 0.085 | -31% | $11,030,206 |
| TTA | TTA Holdings Ltd | 0.016 | -30% | $2,198,775 |
| MXO | Motio Ltd | 0.032 | -29% | $9,673,082 |
| LMLND | Lincoln Minerals - Ordinary New | 0.01 | -29% | $8,174,781 |
| W2V | Way2Vatltd | 0.01 | -29% | $2,201,519 |
| KLI | Killiresources | 0.08 | -27% | $3,357,500 |
| ARV | Artemis Resources | 0.011 | -27% | $18,737,020 |
| CY5 | Cygnus Metals Ltd | 0.25 | -26% | $50,565,408 |
| BMM | Balkanminingandmin | 0.27 | -26% | $12,088,444 |
| 5GG | Pentanet | 0.1225 | -26% | $35,497,286 |
| WR1 | Winsome Resources | 1.555 | -25% | $240,618,288 |
| CLZ | Classic Min Ltd | 0.0015 | -25% | $3,307,654 |
| DDT | DataDot Technology | 0.003 | -25% | $3,632,858 |
| EX1 | Exopharm Limited | 0.012 | -25% | $1,729,327 |
| OPA | Optima Technology | 0.03 | -25% | $6,957,323 |
| PKO | Peako Limited | 0.009 | -25% | $3,792,153 |
| SIH | Sihayo Gold Limited | 0.0015 | -25% | $9,153,192 |
| A11 | Atlantic Lithium | 0.49 | -25% | $302,870,830 |
| BUR | Burleyminerals | 0.2 | -25% | $11,975,799 |
| INV | Investsmart Group | 0.2 | -25% | $28,243,840 |
| HMY | Harmoney Corp Ltd | 0.39 | -24% | $40,622,235 |
| BAS | Bass Oil Ltd | 0.125 | -24% | $33,489,659 |
| EIQ | Echoiq Ltd | 0.11 | -24% | $50,192,106 |
| ENX | Enegex Limited | 0.019 | -24% | $4,222,900 |
| BLG | Bluglass Limited | 0.057 | -24% | $80,973,102 |
| PVT | Pivotal Metals Ltd | 0.035 | -24% | $17,081,176 |
| PR1 | Pureresourceslimited | 0.2075 | -24% | $5,155,752 |
| QHL | Quickstep Holdings | 0.29 | -24% | $23,669,651 |
| CYL | Catalyst Metals | 0.9775 | -24% | $147,254,044 |
| MAN | Mandrake Res Ltd | 0.039 | -24% | $24,528,657 |
| NGS | NGS Ltd | 0.026 | -24% | $3,855,994 |
| JRV | Jervois Global Ltd | 0.13 | -24% | $280,700,230 |
| DES | Desoto Resources | 0.115 | -23% | $6,325,173 |
| ASQ | Australian Silica | 0.04 | -23% | $11,266,415 |
| BLZ | Blaze Minerals Ltd | 0.01 | -23% | $3,675,082 |
| BUS | Bubalusresources | 0.15 | -23% | $4,270,676 |
| AQC | Auspaccoal Ltd | 0.135 | -23% | $45,150,424 |
