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.
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.
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 |
|---|
| M24 | Mamba Exploration | 0.14 | 87% | 4,208,485 | $4,573,750 |
| INF | Infinity Lithium | 0.165 | 50% | 9,226,068 | $50,885,130 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 1,006,739 | $15,642,574 |
| 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 |
| WOA | Wide Open Agricultur | 0.195 | 30% | 293,860 | $19,317,266 |
| IGN | Ignite Ltd | 0.045 | 29% | 64,092 | $3,135,376 |
| 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 |
| C1X | Cosmosexploration | 0.385 | 20% | 788,778 | $12,472,000 |
| AXP | AXP Energy Ltd | 0.003 | 20% | 50,324 | $14,561,702 |
| AR1 | Australresources | 0.245 | 20% | 800,687 | $66,350,205 |
| CBE | Cobre | 0.125 | 19% | 1,748,595 | $29,162,083 |
| CL8 | Carly Holdings Ltd | 0.025 | 19% | 470,000 | $4,291,778 |
| 1MC | Morella Corporation | 0.0095 | 19% | 16,540,362 | $48,788,644 |
| BUR | Burleyminerals | 0.26 | 18% | 154,612 | $13,511,158 |
| CBL | Control Bionics | 0.195 | 18% | 40,780 | $14,929,040 |
| HMX | Hammer Metals Ltd | 0.066 | 18% | 1,240,079 | $45,998,812 |
| IHL | Incannex Healthcare | 0.14 | 17% | 4,209,602 | $190,441,243 |
| ADX | ADX Energy Ltd | 0.007 | 17% | 211,000 | $21,207,748 |
| SIT | Site Group Int Ltd | 0.0035 | 17% | 1,000,000 | $3,903,735 |
| HFR | Highfield Res Ltd | 0.67 | 17% | 4,614,457 | $222,549,605 |
| TOU | Tlou Energy Ltd | 0.036 | 16% | 25,000 | $25,752,187 |
| BTN | Butn Limited | 0.22 | 16% | 28,500 | $17,604,375 |
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 |
|---|
| JRV | Jervois Global Ltd | 0.067 | -42% | 95,290,137 | $239,115,011 |
| CLZ | Classic Min Ltd | 0.0015 | -25% | 40,799,008 | $3,735,444 |
| KED | Keypath Education | 0.68 | -22% | 19,731 | $186,968,007 |
| TMG | Trigg Minerals Ltd | 0.024 | -20% | 773,653 | $6,041,539 |
| TD1 | Tali Digital Limited | 0.002 | -20% | 1,500,000 | $8,162,889 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 890,000 | $18,865,174 |
| GRL | Godolphin Resources | 0.069 | -19% | 725,095 | $10,061,403 |
| TSL | Titanium Sands Ltd | 0.009 | -18% | 424,316 | $15,470,376 |
| HCT | Holista CollTech Ltd | 0.014 | -18% | 188,500 | $4,739,601 |
| PRS | Prospech Limited | 0.019 | -17% | 35,911 | $2,335,498 |
| NAE | New Age Exploration | 0.005 | -17% | 654,166 | $8,615,393 |
| NZS | New Zealand Coastal | 0.0025 | -17% | 299,942 | $4,962,030 |
| SI6 | SI6 Metals Limited | 0.005 | -17% | 338,332 | $8,972,368 |
| BTC | BTC Health Ltd | 0.023 | -15% | 32,000 | $7,609,852 |
| COO | Corum Group Limited | 0.029 | -15% | 430,336 | $20,310,981 |
| GTG | Genetic Technologies | 0.003 | -14% | 1,080,000 | $40,395,804 |
| MRD | Mount Ridley Mines | 0.003 | -14% | 2,336,031 | $27,247,090 |
| YPB | YPB Group Ltd | 0.003 | -14% | 2,624,000 | $2,167,371 |
| IPD | Impedimed Limited | 0.1075 | -14% | 13,560,392 | $223,208,114 |
| PKD | Parkd Ltd | 0.019 | -14% | 120,000 | $2,240,003 |
| VAR | Variscan Mines Ltd | 0.019 | -14% | 536,774 | $6,998,660 |
| MHK | Metalhawk. | 0.1 | -13% | 2,834 | $7,467,570 |
| ADY | Admiralty Resources. | 0.007 | -13% | 428,022 | $10,428,633 |
| SFG | Seafarms Group Ltd | 0.007 | -13% | 2,132,747 | $38,692,793 |
| TRT | Todd River Res Ltd | 0.014 | -13% | 1,013,065 | $10,088,339 |
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.
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