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.

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.

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.