On Stockhead today, Carl The Candlestick Capolingua is back.

Josh Chiat is crunching the numbers on the Aussie dollar and looking at where it will leave the new Aussie gold mines on the All In Sustaining Cost curve. It’s a dirty job, and Gregor wouldn’t do it.

And Switzerland may’ve lost a global investment bank this week, but it just tapped into the US$450bn global recreational cannabis market. According to Bloomberg that’s almost exactly what global markets lost when Credit Suisse vanished earlier this week.

You’ll probably want to keep Emma’s 2022/23 ASX Cannabis guide book handy

But first, the day ahead.



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

Westar Resources (ASX:WSR) – Capital raising.

Bindi Metals (ASX:BIM) – An acquisition.

Armour Energy (ASX:AJQ) – Capital raising.

Ora Banda Mining (ASX:OBM) – Capital raising.

Weebit Nano (ASX:WBT) – Capital raising.



Gold: $US12001.11 (+1.62%)

Silver: $US22.96 (-0.33%)

Nickel (3mth): $US23,2636/t (+1.01%)

Copper (3mth): $US8518.50/t (+0.16%)

Oil (WTI): $US69.44 (-2.02%)

Oil (Brent): $US75.43 (-1.65%)

Iron 62pc Fe: $US123.50/t (-2.76%)

AUD/USD: 0.6691 (+0.14%)

Bitcoin: $US28,014 (+2.04%)



It was Mr Eddy Sunarto and his love of obscure technology…

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.



Here are Thursday’s best performing ASX small cap stocks

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Besra Gold (ASX:BEZ), up another 49%, resulting in an unlikely three-banger under very trying circumstances to take its gains for the week past 162%.

On Tuesday, Besra announced a US$300m offtake deal with major shareholder Quantum Metal Recovery, securing funding to bring its 3Moz Bau gold project into production.

Kuniko (ASX:KNI), up 19.7% after revealing an outstanding intersection of visible cobalt mineralisation in a new mineralised horizon at the Middagshville drill target at the Skuterud cobalt project in Norway.

A total of five drill holes returned visible cobalt intersections while another four returned shallow, near surface mineralisation.

 Renegade Exploration (ASX:RNX) is up another 16.6%, still flying high on Tuesday’s announcement that its recent RC drilling program has hit large copper sulphide zones at the Mongoose project.

Renegade was required to provide an updated announcement yesterday, which took a bit of the gloss off Tuesday’s 30% lift, but Thursday’s resurgence is a solid sign investors are sufficiently sated.


Here are the least best performing ASX small cap stocks:

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

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