On Stockhead today,

Gold prices accelerated into and then crashed straight through AUD all-time highs this week.

As banks fall down around our ears it’s possible you’ve been asking yourself – is it time to take this bull by the horns?

Guy on Rocks is your man for a straight answer.

It’s also likely you’ve been thinking about Kogan.com again. Morningstar certainly have been.

Eddy has all the details.

But first, the day ahead.

 

LOCAL DATA DUMP: TUESDAY

  • The RBA Meeting Minutes. I find them a good read.

 

TRADING HALTS

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

Almonty Industries (ASX:AII) – Private placement

Askari Metals (ASX:AS2) – Strategic Investment by a global tier-1 lithium battery materials and cobalt materials supplier

RemSense Technologies (ASX:REM) – Capital raising

Mighty Craft (ASX:MCL) – Institutional placement

 

 

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?

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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.

 

ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks

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Breaker Resources (ASX:BRB) went through the roof on news of a recommended takeover offer from top 10 Australian gold producer Ramelius (ASX:RMS), up 29.3% for the day.

Ramelius and Breaker have inked an all-scrip off-market takeover offer that will see Ramelius snap up 100% of the issued ordinary shares of Breaker, at $0.40 based on the 3-day volume weighted average price (VWAP) of Ramelius shares up to and including March 17, 2023 of $1.127. This implies a total undiluted equity value for Breaker of approximately $130.7 million.

Magnetite Mines (ASX:MGT) added 24.5% after it revealed a massive increase in its ore reserves estimate for its 100% owned Razorback Iron Ore project located in the Braemar Iron Formation in South Australia.

MGT says the ore reserves estimate has been increased to 1.6 billion tonnes, up from 473 million tonnes announced in 2021 – with scope for even more growth when the numbers come in for the company’s high-grade Iron Peak deposit later this year.

And rounding out the Top Three, Auroch Minerals (ASX:AOU) confirmed intercepts of spodumene bearing lithium-caesium-tantalum (LCT) pegmatites at its Kangaroo Hills lithium project in Western Australia.

Assay results from the first four holes include:

    • 29m @ 1.36% Li2O from 38m (KHRC011)
  • 7m @ 1.00% Li2O from 198m (KHRC002)
  • 2m @ 1.68% Li2O from 1m (KHRC001)
  • 5m @ 0.51% Li2O from 42m (KHRC004

 

 

ASX SMALL CAP LAGGARDS

Here are the least performing ASX small cap stocks:

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