Try to be a little Cassowary. Via Getty
Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Gold has been waiting on a slip up, and the US economy was happy to oblige.
With US$2000 in the bag… What’s next for the bad news bull?
And Tribeca’s John Stover has told the Resource Connect Asia Future Commodities Forum in Singapore that electrification will drive metals demand x 4 the size of China’s 2000s urbanisation.
Our man in Singapore Josh Chiat explains all.
Also. Guy on the ASX near-term gold-lithium play.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Monday and are expected out in the coming days:
Caspin Resources (ASX:CPN) – Capital raising.
White Cliff Minerals (ASX:WCN) – Capital raising.
Tanami Gold (ASX:TAM) – Central Tanami Project Scoping Study announcement incoming.
Nova Minerals (ASX:NVA) – Global mineral resource update incoming.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US2,021.17 (+0.11%)
Silver: $US24.97 (-0.12%)
Nickel (3mth): $US23,199/t (-2.29%)
Copper (3mth): $US9001.00/t (-0.02%)
Oil (WTI): $US80.50 (-31.%)
Oil (Brent): $US84.09 (-0.16%)
Iron 62pc Fe: $US121.50/t (-1.62%)
AUD/USD: 0.6715 (-0.33%)
Bitcoin: $US28,003 (-0.89%)
WHAT GOT YOU TALKING?
Memories of Mt Keith.
This is an “extensive #nickel sulphide system” with similarities to BHP’s large Mt Keith orebody, says @westernmines #ASX $WMG $LRL $DTM $ARD $PXX
— Stockhead (@StockheadAU) April 5, 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 Twitter is the place to get and share 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.
ASX SMALL CAP LEADERS
Here are Monday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| WMG | Western Mines | 0.31 | 170% | 12,910,029 | $4,718,738 |
| 4DX | 4Dmedical Limited | 0.52 | 65% | 4,395,662 | $92,764,929 |
| IVR | Investigator Res Ltd | 0.056 | 37% | 32,225,856 | $58,923,807 |
| MME | Moneyme Limited | 0.15 | 36% | 5,048,178 | $31,157,195 |
| ARD | Argent Minerals | 0.015 | 36% | 19,179,389 | $12,941,293 |
| DTM | Dart Mining NL | 0.069 | 35% | 3,270,382 | $7,936,649 |
| LRL | Labyrinth Resources | 0.013 | 30% | 283,114 | $9,594,873 |
| PXX | Polarx Limited | 0.013 | 30% | 4,524,875 | $13,529,469 |
| TUL | Tulla Resources | 0.335 | 29% | 1,000,771 | $83,669,041 |
| A1G | African Gold Ltd. | 0.09 | 27% | 557,724 | $12,021,096 |
| H2G | Greenhy2 Limited | 0.025 | 25% | 8,000 | $8,375,117 |
| INP | Incentiapay Ltd | 0.005 | 25% | 400,000 | $5,060,255 |
| RXL | Rox Resources | 0.34 | 24% | 4,441,351 | $61,697,422 |
| KZR | Kalamazoo Resources | 0.16 | 23% | 482,343 | $19,476,519 |
| MDX | Mindax Limited | 0.16 | 23% | 3,214,448 | $259,097,628 |
| MXO | Motio Ltd | 0.035 | 21% | 60,000 | $7,581,605 |
| ERL | Empire Resources | 0.006 | 20% | 265,336 | $5,564,675 |
| GPR | Geopacific Resources | 0.024 | 20% | 237,302 | $10,423,822 |
| LDR | Lode Resources | 0.305 | 20% | 3,324,145 | $16,924,157 |
| ODA | Orcoda Limited | 0.19 | 19% | 328,583 | $26,745,131 |
| RED | Red 5 Limited | 0.1775 | 18% | 24,287,672 | $481,760,883 |
| LLO | Lion One Metals Ltd | 1.1 | 18% | 33,490 | $11,168,336 |
| XF1 | Xref Limited | 0.23 | 18% | 119,708 | $36,304,376 |
| ID8 | Identitii Limited | 0.027 | 17% | 529,307 | $4,885,286 |
| AZS | Azure Minerals | 0.405 | 17% | 6,275,690 | $134,631,445 |
Hats off to Western Mines Group (ASX:WMG), up nearly 200% on news of the discovery of an extensive nickel sulphide mineral system throughout the Mulga Tank Ultramafic Complex.
WMG has pulled up a cumulative 693.5m at 0.28% Ni, 128ppm Co, 61ppm Cu, 27ppb Pt+Pd in one drill hole at Mulga Tank, with other holes confirming an “extensive nickel sulphide system” with similarities to the large Mt Keith orebody.
Because nickel is currently in the process of replacing copper as the new lithium, investors are clearly pretty excited about the find – by lunchtime, WMG was up around 90%, and has closed out the day at +186.6%.
Likewise, 4D Medical (ASX:4DX) up 39.8% at lunchtime on news that it’s just signed a five-year contract with the University of Miami to provide XV LVAS (X-ray Velocimetry Lung Ventilation Analysis Software) ventilation reports.
The contract comes after a successful long-term clinical trial program already underway at University of Miami – and, given how freakishly expensive health care is in the US, 4DX’s official entry into the market Stateside has money-spinner written all over it.
Hence, 4DX was trading at $0.525 at the close of play, an overall climb of 66.67%.
Argent Minerals (ASX:ARD) rocketing up 27.2% before lunch, despite not issuing a peep of news since the company’s somewhat mediocre half-year report on 15 March. It finished the day on +36.6%.
And Investigator Resources (ASX:IVR) came screaming out of nowhere, again on no news, to post a 39% gain following an enormous spike in volume today, 32,225,856 compared to its 4-week average of just over 4 million.
ASX SMALL CAP LAGGARDS
Here are the least best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Losers –
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| HFY | Hubify Ltd | 0.02 | -33% | 365,305 | $14,884,089 |
| AVW | Avira Resources Ltd | 0.002 | -33% | 24,857 | $6,401,370 |
| VPR | Volt Power Group | 0.001 | -33% | 100,000 | $16,074,312 |
| AEV | Avenira Limited | 0.0125 | -26% | 15,066,311 | $21,169,591 |
| AL8 | Alderan Resource Ltd | 0.007 | -22% | 204,375 | $5,466,680 |
| WEC | White Energy Company | 0.11 | -21% | 6,024 | $5,679,701 |
| CII | CI Resources Limited | 0.96 | -21% | 165,586 | $141,008,951 |
| DLT | Delta Drone Intl Ltd | 0.009 | -18% | 22,644,375 | $5,627,654 |
| PHO | Phosco Ltd | 0.07 | -18% | 405,273 | $23,325,135 |
| FTL | Firetail Resources | 0.1 | -17% | 67,500 | $7,800,000 |
| IS3 | I Synergy Group Ltd | 0.015 | -17% | 50,000 | $5,203,447 |
| EXL | Elixinol Wellness | 0.02 | -17% | 2,484,600 | $7,590,374 |
| PAR | Paradigm Bio. | 1.125 | -16% | 3,623,881 | $375,992,762 |
| HHR | Hartshead Resources | 0.042 | -16% | 27,331,762 | $114,634,106 |
| HAL | Halo Technologies | 0.17 | -15% | 16,852 | $25,899,043 |
| GTG | Genetic Technologies | 0.003 | -14% | 5,528 | $40,395,804 |
| MRD | Mount Ridley Mines | 0.003 | -14% | 9,248,796 | $27,247,090 |
| PIL | Peppermint Inv Ltd | 0.006 | -14% | 593,215 | $14,264,998 |
| XST | Xstate Resources | 0.012 | -14% | 162,574 | $4,501,268 |
| FDV | Frontier Digital Ltd | 0.6 | -14% | 1,764,041 | $263,758,978 |
| EYE | Nova EYE Medical Ltd | 0.26 | -13% | 1,264,766 | $50,066,397 |
| GRL | Godolphin Resources | 0.065 | -13% | 192,808 | $8,877,709 |
| LVH | Livehire Limited | 0.13 | -13% | 45,223 | $50,701,964 |
| WIA | WIA Gold Limited | 0.033 | -13% | 2,325,954 | $21,748,079 |
| MRL | Mayur Resources Ltd | 0.2 | -13% | 1,525,360 | $67,977,992 |
