On Stockhead today, what are ACCUs and why they are broken, a triple expert read on rising cash rates, and the AFR… loves crypto.

But first, the day ahead.

 

WHO’S LISTING?

INTERNATIONAL GRAPHITE (ASX:IG6)

IPO: Raised $10m at 20c per share

Listing: 12:30pm AEST

A battery-focused graphite stock.

While there is a general trend for graphite explorers and miners to subsequently move downstream to capture more value, IG6 was established first-and-foremost with a focus on the downstream space.

IG6 has already established a piloting facility (a smaller version of a commercial plant), for the downstream processing of graphite products, in the regional town of Collie in WA’s South West, with the support of a $2m grant from the WA government.

The purified micronised and spheronised graphite, which IG6 plans to produce initially, attracts ~$US3500/t.

 

LORD RESOURCES (ASX:LRD)

IPO: Raised $4.5m at 20c per share

Listing: 11:30am AEST

A lithium-gold-base metals explorer with 5 projects in WA.

Its ‘Horse Rocks’ project near Coolgardie is considered prospective for pegmatite hosted lithium (spodumene), nickel sulphide and orogenic gold mineralisation, it says.

“Historical drilling has identified elevated nickel within the ultramafic sequences, along with gold anomalism in surface sampling,” it says.

“The lack of previous exploration focused on lithium mineralisation provides a significant opportunity for the company.”

 

TRADING HALTS

The following companies are in trading halts and are expected out in the coming days:

TMK Energy (ASX:TMK) –  price query response

K2fly (ASX:K2F) – strategic investment and capital raising pursuant to a placement

Miramar Resources (ASX:M2R) – exploration results

Pathfinder Resources (ASX:PF1) –  potential acquisition

Golden State Mining Limited (ASX:GSM) – capital raising

Metgasco Ltd (ASX:MEL) –  drilling results at its Cervantes-1 well

Inca Minerals (ASX:ICG) – pending assay results

Okapi Resources (ASX:OKR) – material acquisition

Hartshead Resources NL (ASX:HHR) – pending a material update to gas volumes at the Production Seaward License P2607

Golden Deeps (ASX:GED) – capital raising

Legacy Iron Ore (ASX:LCY) – execution of a joint venture agreement in relation to the Mt Bevan iron ore project

Nova Minerals (ASX:NVA) – pending an announcement regarding the investment in Snow Lake Resources

Hawthorn Resources (ASX:HAW) –  managing continuous disclosure obligations ahead of an announcement in relation to the execution of a joint venture agreement of the Mt Bevan iron ore project

 

MARKETS (updated at 8am AEDT)

Gold: $US1,921.82 (-0.50%)

Silver: $US24.29 (-0.87%)

Oil (WTI): $US100.90 (-2.30%)

Oil (Brent): $US105.53 (-1.86%)

Aust Coking Coal (steelmaking): $406.7/t (-9.6%)

Newcastle Coal (thermal): $264/t (+2.0%)

Iron 62pc Fe: $US161.25 (-0.36%)

AUD/USD: $US0.7584 (+0.1%)

Bitcoin: $US45,810 (-2%)

 

WHAT GOT YOU TALKING YESTERDAY?

..and one of ~17 lithium stocks in the top 50.

 

Deutsche Bank calls it. RECESSION INCOMING.

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

YESTERDAY’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Description Price % Volume
EMP Emperor Energy Ltd 0.072 60.0% 56,984,193
BRX Belararoxlimited 1.11 56.3% 1,592,378
GGX Gas2Grid Limited 0.0035 40.0% 57,805,163
TMK TMK Energy Limited 0.018 38.5% 47,124,135
LRS Latin Resources Ltd 0.215 30.3% 83,026,090
AQD Ausquest Limited 0.029 26.1% 8,274,838
JXT Jaxstaltd 0.035 25.0% 10,524,591
AD1 AD1 Holdings Limited 0.02 25.0% 1,434,561
KEY KEY Petroleum 0.0025 0.0% 40,000
XTC Xantippe Res Ltd 0.016 23.1% 218,962,590
GGE Grand Gulf Energy 0.058 20.8% 44,856,103
BXN Bioxyne Ltd 0.018 20.0% 200,000
SFG Seafarms Group Ltd 0.018 20.0% 13,138,588
AFW Applyflow Limited 0.003 20.0% 666,666
TYX Tyranna Res Ltd 0.006 20.0% 4,554,914
TEM Tempest Minerals 0.125 19.0% 34,148,415
IGN Ignite Ltd 0.165 17.9% 62,721
CR1 Constellation Res 0.27 17.4% 39,931
BTC BTC Health Ltd 0.068 17.2% 666
BDG Black Dragon Gold 0.076 16.9% 706,324
ADD Adavale Resource Ltd 0.049 16.7% 4,257,802
LSR Lodestar Minerals 0.021 16.7% 54,263,823
IPT Impact Minerals 0.014 16.7% 18,795,021
MRZ Mont Royal Resources 0.39 16.4% 238,762
HOR Horseshoe Metals Ltd 0.043 16.2% 505,948
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After IPOing in January, explorer Belararox (ASX:BRX)  has surged 455%, and is now trading at $1.11.

This makes it one of the best performing ASX IPOs for 2022 and really suggests that there’s something exciting in the ground at its historical Belara copper-zinc project in NSW.

BRX puts the share price rise down to the soaring zinc price.

Gas2Grid (ASX:GGX) is acquiring a 60% interest in two of Santos’ (ASX:STO) licences in the gas-rich Cooper Basin of Queensland.

And high-flyin’ punter favourite Latin Resources (ASX:LRS) picked up more ground around its high grade ‘Salinas’ lithium project in Brazil.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
ADN Andromeda Metals Ltd 0.115 -34.3% 148,323,920
KFE Kogi Iron Ltd 0.006 -25.0% 13,015,845
NTL New Talisman Gold 0.0015 -25.0% 66,666
CXM Centrex Limited 0.165 -21.4% 10,437,600
AQS Aquis Ent Ltd 0.14 -20.0% 14,295
DXN DXN Limited 0.009 -18.2% 4,749,751
POW Protean Energy Ltd 0.009 -18.2% 12,770,564
RD1 Registry Direct 0.019 -17.4% 760,000
ODA Orcoda Limited 0.13 -16.1% 442,535
ATV Activeportgroupltd 0.11 -15.4% 270,540
BOA Boadicea Resources 0.2 -14.9% 494,726
FG1 Flynngold 0.175 -14.6% 667,605
AKM Aspire Mining Ltd 0.077 -14.4% 471,100
HCD Hydrocarbon Dynamic 0.012 -14.3% 287,660
SKY SKY Metals Ltd 0.095 -13.6% 136,640
MIO Macarthur Minerals 0.485 -13.4% 339,109
SFM Santa Fe Minerals 0.13 -13.3% 167,635
MLS Metals Australia 0.135 -12.9% 32,194,075
AQX Alice Queen Ltd 0.007 -12.5% 650,000
LCT Living Cell Tech. 0.007 -12.5% 179,090
BCT Bluechiip Limited 0.035 -12.5% 86,378
EUR European Lithium Ltd 0.14 -12.5% 20,184,720
ZBT Zebit Inc. 0.042 -12.5% 57,715
UUL Ultima Utd Ltd 0.18 -12.2% 19,370
CGB Cann Global Limited 0.036 -12.2% 1,935,603
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Former market darling Andromeda Metals (ASX:ADN) was obliterated after a definitive feasibility study (DFS) — the most advanced of all studies — on the ‘Great White’ kaolin project did not live up to expectations.

Internal rate of return, a measure of the profitability of a project, plummeted from 175% in the PFS to 36% in the DFS. Initial capex increased from $28m to $93.8m. Ouch.