Another gold CEO presents at RIU '23. Via Getty
Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, former Kalgoorlie goalkeeper, ultimate survivalist, closet geologist and intrepid reporter Josh Chiat remains upbeat and on the ground in the crazy big smoke of Sydneyville at this year’s spectacular RIU Sydney Resources Roundup.
Curiously, the RIU roundup is an event we don’t sponsor.
But the more Our Man from West Perth files on it, the more it seems exactly the kind of no-holds-barred-all-in-pants-off hoedown that Stockhead likes to get its kit off for.
Rubbing shoulders with the nation’s raddest, maddest and baddest set of investment outliers, Josh reports that “after 40 years of tailwinds” there’s a gaggle of normie investors starting to take a much closer look at gold (and associated metals and rocks) as all the other sensible investments fail to match returns.
In this edition, he corners four ASX goldie juniors with cunning plans afoot.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts and are expected out in the coming days:
NextDC (ASX:NXT) – Equity raising.
Sunstone Metals (ASX:STM) – Capital raising.
Pancontinental Energy (ASX:PCL) – Capital raising.
Tempus Resources (ASX:TMR) – Capital raising.
GreenTech Metals (ASX:GRE) – Capital raising.
Optima Technology Group (ASX:OPA) – Capital raising.
Pivotal Metals (ASX:PVT) – Capital raising.
Chalice Mining (ASX:CHN) – Capital raising.
Adveritas (ASX:AV1) – Capital raising.
Magnum Mining (ASX:MGU) – Magnum halted to allow the company to provide clarification on the two announcements made on May 10 with respect to the non-binding MOU with Mitsubishi.
Cellnet Group (ASX:CLT) – Potential control transaction.
Australian Potash (ASX:APC) – Halt called until the federal Department of Climate Change, Energy, the Environment and Water issues a correcting statement.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US2041.53 (-0.12%)
Silver: $US25.55 (-0.14%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US68.58 (+0.01%)
Oil (Brent): $US782.51 (+0.32%)
Iron 62pc Fe: $US107.50/t (-0.94%)
AUD/USD: 0.6610 (+0.14%)
Bitcoin: $US29,156 (+2.24%)
WHAT GOT YOU TALKING?
You and I’ll read pretty much anything E. Datt and N. McGrath have to say. But both in the same tweet? Thank you Stockhead.
As inflation eases, fundies forecast a resurgent 2023 for hard hit ASX small caps with @DattCapital believing market timing is opportune to launch a new fund to uncover alpha in the sector. https://t.co/m2KMbpFFPR pic.twitter.com/PDSjRGYexs
— Stockhead (@StockheadAU) May 11, 2023
I like to wake up with R. Adams. Sometimes I go to bed with him too. It’s a complex but fulfilling relationship.
The $15bn Alkerm -Livent merger has delivered a boost to Argentina #lithium stocks like @GalanLithium , @lake_resources , @LithiumEnergy_ and Patagonia.#ASX $SRK $LEL $AKE $GLN $PL3 $LKE $PNN
— Stockhead (@StockheadAU) May 11, 2023
I must know what P. Strachan knows. I also want to be P. Strachan.
In this episode @Peter_Strachan is reviewing the progress of two exploration companies on the verge of moving towards project development with Brett Smith @corazonmining $CZN and Tony Rovira, @AzureMinerals $AZShttps://t.co/Gy5wDwVpix
— Stockhead (@StockheadAU) May 11, 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 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.
ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| PRM | Prominence Energy | 0.002 | 100% | 2,269,867 | $2,424,609 |
| ADS | Adslot Ltd. | 0.006 | 50% | 136,930 | $8,817,394 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 130,626 | $15,642,574 |
| BMO | Bastion Minerals | 0.03 | 43% | 7,017,671 | $3,347,643 |
| 8VI | 8Vi Holdings Limited | 0.7 | 41% | 58,964 | $20,978,804 |
| HMG | Hamelin Gold | 0.15 | 36% | 194,808 | $12,100,000 |
| FTC | Fintech Chain Ltd | 0.015 | 36% | 27,441 | $7,158,465 |
| BAT | Battery Minerals Ltd | 0.004 | 33% | 3,684,261 | $10,070,827 |
| HCT | Holista CollTech Ltd | 0.017 | 31% | 10,000 | $3,624,401 |
| CDR | Codrus Minerals Ltd | 0.175 | 30% | 2,909,362 | $5,458,050 |
| PPK | PPK Group Limited | 1.79 | 25% | 365,999 | $127,683,689 |
| XTC | Xantippe Res Ltd | 0.005 | 25% | 15,251,449 | $42,320,399 |
| GLN | Galan Lithium Ltd | 1.26 | 22% | 5,784,122 | $316,122,867 |
| ILA | Island Pharma | 0.1 | 22% | 289,900 | $6,664,014 |
| SLM | Solis Minerals | 0.15 | 20% | 151,000 | $5,819,371 |
| CYQ | Cycliq Group Ltd | 0.006 | 20% | 774,999 | $1,737,583 |
| LEL | Lithenergy | 0.87 | 19% | 1,236,136 | $43,909,500 |
| BGT | Bio-Gene Technology | 0.125 | 19% | 38,886 | $18,588,498 |
| PNN | Power Minerals Ltd | 0.415 | 19% | 370,936 | $25,316,999 |
| NIM | Nimy Resources | 0.23 | 18% | 372,124 | $13,234,416 |
| WMG | Western Mines | 0.75 | 17% | 1,610,213 | $33,078,611 |
| STN | Saturn Metals | 0.205 | 17% | 2,176,255 | $26,520,992 |
| HOR | Horseshoe Metals Ltd | 0.021 | 17% | 1,027,622 | $11,501,166 |
| CPT | Cipherpoint Limited | 0.007 | 17% | 41,415,212 | $6,955,450 |
| CXU | Cauldron Energy Ltd | 0.007 | 17% | 250,000 | $5,589,412 |
8VI Holdings (ASX:8VI), topped the count, after the Singapore-based FinEduTech company jumped 44% on no news, and remarkably slim volumes.
Bastion Minerals (ASX:BMO) added excacto 33.3% on an update at the McCombe North Lithium property, a package of three recently-optioned lithium prospects in Canada, which Gregory notes “is where all the cool kids are digging lithium at the moment.”
Finally, Codrus Minerals (ASX:CDR) is back on the winners list, bagging a nigh 38% gain, and still riding the wave of good vibes from news of its high-grade clay-hosted rare earth mineralisation at Karloning last week.
TODAY’S 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:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| VPR | Volt Power Group | 0.001 | -50% | 590,832 | $21,432,416 |
| APC | Aust Potash Ltd | 0.0115 | -36% | 24,499,699 | $18,696,201 |
| MRD | Mount Ridley Mines | 0.003 | -25% | 156,284,591 | $31,139,531 |
| PEC | Perpetual Res Ltd | 0.012 | -20% | 50,000 | $8,182,259 |
| AHF | Aust Dairy Limited | 0.02 | -20% | 6,725,418 | $14,712,889 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 123,139 | $19,015,174 |
| WEL | Winchester Energy | 0.004 | -20% | 504,695 | $5,102,110 |
| CMO | Cosmo Metals | 0.1 | -17% | 95,764 | $3,061,200 |
| AXP | AXP Energy Ltd | 0.0025 | -17% | 381,360 | $17,474,042 |
| GTG | Genetic Technologies | 0.0025 | -17% | 2,904,266 | $34,624,974 |
| RBR | RBR Group Ltd | 0.0025 | -17% | 5,210,275 | $4,795,214 |
| ENV | Enova Mining Limited | 0.011 | -15% | 40,000 | $5,082,081 |
| RRR | Revolver Resources | 0.1125 | -15% | 139,680 | $14,753,756 |
| DAF | Discovery Alaska Ltd | 0.045 | -15% | 157,523 | $12,414,439 |
| FAU | First Au Ltd | 0.003 | -14% | 2,468,970 | $3,831,741 |
| KNM | Kneomedia Limited | 0.006 | -14% | 823,700 | $10,533,497 |
| AGR | Aguia Res Ltd | 0.034 | -13% | 556,586 | $16,920,316 |
| PVS | Pivotal Systems | 0.007 | -13% | 500,000 | $4,026,834 |
| RLG | Roolife Group Ltd | 0.007 | -13% | 737,500 | $5,756,465 |
| GSN | Great Southern | 0.021 | -13% | 27,320 | $16,640,568 |
| MDX | Mindax Limited | 0.11 | -12% | 1,465,835 | $255,694,848 |
| S3N | Sensore Ltd | 0.265 | -12% | 5,000 | $7,831,120 |
| MME | Moneyme Limited | 0.115 | -12% | 274,814 | $36,822,139 |
| LVH | Livehire Limited | 0.07 | -11% | 1,125,221 | $26,907,476 |
| FYI | FYI Resources Ltd | 0.12 | -11% | 1,681,638 | $49,452,875 |
