Rise and Shine: Everything you need to know before the ASX opens

Political cartoon by Thomas Nast (1840 - 1902) depicting the 'Fine-Ass' Committee,' a group of Democratic Congressmen as donkeys, blowing financial bubbles after the Panic of 1873. (Photo by Kean Collection/Getty Images)

On Stockhead today, Pilbara boss Dale Henderson answers five perky questions from Josh, a fireside chat with Redbubble’s new CEO and how you – the incredible average Aussie – can build a $3 million super nest egg. Using only $2.89 million.

Kidding.

But first, the day ahead.

TRADING HALTS

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

Renegade Exploration (ASX:RNX) – pending the release of information in relation to exploration results from the Mongoose project following a response to an ASX price and volume query.

Healthco Healthcare and Wellness REIT (ASX:HCW) – finalising terms of a material transaction.

Home Consortium (ASX:HMC) – finalising terms of a material transaction.

Sparc Technologies (ASX:SPN) – pending an announcement around reaching commercial production phase for graphene, and executive management changes.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,962.02 (-0.57%)

Silver: $US23.22 (-0.17%)

Nickel (3mth): $US23,123/t (+1.94%)

Copper (3mth): $US8504.50/t (-3.72%)

Oil (WTI): $US73.40 (+0.43%)

Oil (Brent): $US78.01 (+0.71%)

Iron 62pc Fe: $US124.5/t (+1.63%)

AUD/USD: 0.666 (-0.6%)

Bitcoin: $US28,578 (+4.73%)

WHAT GOT YOU TALKING YESTERDAY?

Liontown’s prompt rebuff of Albemarle’s third takeover bid – valuing the company at a record-high $5.2bn – shows investors just how much industry participants are pricing tier 1 lithium assets in the current market.

• Tier 1 #lithium assets like @LiontownRes‘ Kathleen Valley are in the M&A crosshairs
• Other tier 1 takeover targets: @LeoLithiumLtd, @SayonaMining, @Patriot_Battery, @GalanLithium, Lithium Power International #ASX $LTR $LLL $SYA $PMT $GLN $LPI

https://t.co/4nz0WwVbyL

— Stockhead (@StockheadAU) March 28, 2023

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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.

YESTERDAY’S ASX SMALL CAP LEADERS

Here are yesterday’s best performing ASX small cap stocks:

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

Code	Company	Price	%	Volume	Market Cap
1MC	Morella Corporation	0.0095	19%	16,540,362	$48,788,644
ADX	ADX Energy Ltd	0.007	17%	211,000	$21,207,748
AR1	Australresources	0.245	20%	800,687	$66,350,205
AXP	AXP Energy Ltd	0.003	20%	50,324	$14,561,702
BTN	Butn Limited	0.22	16%	28,500	$17,604,375
BUR	Burleyminerals	0.26	18%	154,612	$13,511,158
C1X	Cosmosexploration	0.385	20%	788,778	$12,472,000
CBE	Cobre	0.125	19%	1,748,595	$29,162,083
CBL	Control Bionics	0.195	18%	40,780	$14,929,040
CCE	Carnegie Cln Energy	0.0015	50%	1,006,739	$15,642,574
CL8	Carly Holdings Ltd	0.025	19%	470,000	$4,291,778
HFR	Highfield Res Ltd	0.67	17%	4,614,457	$222,549,605
HMX	Hammer Metals Ltd	0.066	18%	1,240,079	$45,998,812
IGN	Ignite Ltd	0.045	29%	64,092	$3,135,376
IHL	Incannex Healthcare	0.14	17%	4,209,602	$190,441,243
INF	Infinity Lithium	0.165	50%	9,226,068	$50,885,130
M24	Mamba Exploration	0.14	87%	4,208,485	$4,573,750
MM1	Midasmineralsltd	0.185	23%	167,373	$8,569,765
NVU	Nanoveu Limited	0.028	22%	519,646	$7,803,216
OD6	Od6Metalsltd	0.2	21%	499,875	$9,077,557
RLC	Reedy Lagoon Corp.	0.008	33%	1,298,152	$3,400,318
RNX	Renegade Exploration	0.021	31%	23,500,749	$14,906,940
SIT	Site Group Int Ltd	0.0035	17%	1,000,000	$3,903,735
TOU	Tlou Energy Ltd	0.036	16%	25,000	$25,752,187
WOA	Wide Open Agricultur	0.195	30%	293,860	$19,317,266

Explorer Mamba Exploration (ASX:M24) hit wide zones of clay rare earths in 20 of 22 drill holes at its Hyden project in the WA wheatbelt.

Highlights include 54m at 758ppm from surface to end of hole.

Fourteen of the holes end in mineralisation, suggesting “that there is potential for not only clay hosted mineralisation, but also bedrock mineralisation in the area”, M24 says.

Highfield Resources (ASX:HFR) now has all the required permits to begin full scale production of the 1Mtpa ‘Muga’ potash project in Spain, where it has been plugging away for well over a decade.

It recently signed a finance deal worth €320.6m to help build Phase 1 (capex €436m) and is currently negotiating with other sources of capital and equity financing to make up the difference.

Spain lithium play Infinity Lithium (ASX:INF) also received a key exploration permit (PESE) over the flagship ‘San Jose’ project.

Wide Open Agriculture (ASX:WOA) says its Buntine protein has been well received as a key ingredient in a variety food applications, with potential partners/buyers commenting on its “clean taste and smooth mouthfeel”.

YESTERDAY’S ASX SMALL CAP LOSERS

Here are yesterday’s worst performing ASX small cap stocks:

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

Code	Company	Price	%	Volume	Market Cap
ADY	Admiralty Resources.	0.007	-13%	428,022	$10,428,633
BTC	BTC Health Ltd	0.023	-15%	32,000	$7,609,852
CLZ	Classic Min Ltd	0.0015	-25%	40,799,008	$3,735,444
COO	Corum Group Limited	0.029	-15%	430,336	$20,310,981
GRL	Godolphin Resources	0.069	-19%	725,095	$10,061,403
GTG	Genetic Technologies	0.003	-14%	1,080,000	$40,395,804
HCT	Holista CollTech Ltd	0.014	-18%	188,500	$4,739,601
IPD	Impedimed Limited	0.1075	-14%	13,560,392	$223,208,114
JRV	Jervois Global Ltd	0.067	-42%	95,290,137	$239,115,011
KED	Keypath Education	0.68	-22%	19,731	$186,968,007
MHK	Metalhawk.	0.1	-13%	2,834	$7,467,570
MRD	Mount Ridley Mines	0.003	-14%	2,336,031	$27,247,090
NAE	New Age Exploration	0.005	-17%	654,166	$8,615,393
NZS	New Zealand Coastal	0.0025	-17%	299,942	$4,962,030
PKD	Parkd Ltd	0.019	-14%	120,000	$2,240,003
PRS	Prospech Limited	0.019	-17%	35,911	$2,335,498
SFG	Seafarms Group Ltd	0.007	-13%	2,132,747	$38,692,793
SI6	SI6 Metals Limited	0.005	-17%	338,332	$8,972,368
TD1	Tali Digital Limited	0.002	-20%	1,500,000	$8,162,889
TMG	Trigg Minerals Ltd	0.024	-20%	773,653	$6,041,539
TRT	Todd River Res Ltd	0.014	-13%	1,013,065	$10,088,339
TSL	Titanium Sands Ltd	0.009	-18%	424,316	$15,470,376
VAL	Valor Resources Ltd	0.004	-20%	890,000	$18,865,174
VAR	Variscan Mines Ltd	0.019	-14%	536,774	$6,998,660
YPB	YPB Group Ltd	0.003	-14%	2,624,000	$2,167,371

Besieged Jervois Mining (ASX:JRV) has suspended final construction at Idaho Cobalt Operations (ICO) in the US due to continuing low cobalt prices and inflationary impacts on construction costs.

Having already spent US$130m, JRV expects to complete construction and commission ICO when cobalt prices recover.

The $240m capped stock is now down an astonishing 93% on a peak price of 98c in April last year.