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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, hold on to your hats, because the general feeling in Camp Whelan this week is that with the US market ripping along and volatility at a low, ‘we’re in for a blow off top before a pull back.’
Also it’s a big day for the RBA. Bigger perhaps than all the other 11 consecutive big decisions before it.
Reubs has the skinny on Canadian resources this week, and Bevis is there for HPA – the very essential ingredient in EV batteries you’ve never cared about. Until now.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Monday and are expected out in the coming days:
Forbidden Foods (ASX:FFF) – Capital raise
Pacific Edge (ASX:PEB) – Taken directly from the firm’s notice: “The company has become aware that Novitas, the Medicare Administrative Contractor with jurisdiction for the company’s US laboratory, finalised the proposed Local Coverage Determination (LCD) (L39365) covering reimbursement of Cxbladder by Medicare.”
Arovella Therapeutics (ASX:ALA) – Capital raise
Midas Minerals (ASX:MM1) – Capital raise
Nuheara (ASX:NUH) – Capital raise
Global Oil and Gas (ASX:GLV) – Pending the outcome of an offshore petroleum application
Adavale Resources (ASX:ADD) – Pending an announcement in relation to nickel sulphide drilling at Kabanga Jirani Nickel Project
Sacgasco (ASX:SGC) – Pending an announcement regarding a material transaction in the Philippines
PharmAust (ASX:PAA) – Pending interim analysis results from Motor Neurone Disease Phase 1/2 clinical trial
HeraMED (ASX:HMD) – Pending clarity around June 1 announcement of “Strategic partnership signed – US employee rewards program”
Alvo Minerals (ASX:ALV) – Pending announcement regarding a material acquisition
M3 Mining (ASX:M3M) – Regarding exploration results
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1972.23 (-0.19%)
Silver: $US23.650 (-0.72%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US72.01(-0.41%)
Oil (Brent): $US79.81 (+0.49%)
Iron 62pc Fe: $US106.50/t (+3.9%)
AUD/USD: 0.6650 (-0.0%)
Bitcoin: $US26,854 (+0.01%)
WHAT GOT YOU TALKING YESTERDAY?
A good copper-nickel detective story by an intrusive unit.
Excitement is brewing at Lycaon’s Bow River nickel-copper project in WA after a high-resolution ground gravity survey outlined a large intrusive unit with similarities to Panoramic’s Savannah nickel mine. https://t.co/qZFmBRudiS #ad #ASX @Lycaon_ASX
— Stockhead (@StockheadAU) June 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 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.
MONDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks on Monday:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| REZ | Resourc & En Grp Ltd | 0.034 | 183% | 136,961,399 | $5,997,669 |
| AOA | Ausmon Resorces | 0.005 | 67% | 2,206,195 | $2,907,868 |
| MRD | Mount Ridley Mines | 0.003 | 50% | 2,325,660 | $15,569,766 |
| SLM | Solismineralsltd | 0.6 | 41% | 3,674,992 | $19,785,862 |
| SIX | Sprintex Ltd | 0.038 | 36% | 793,457 | $7,121,921 |
| TD1 | Tali Digital Limited | 0.002 | 33% | 315,992 | $4,942,733 |
| RR1 | Reach Resources Ltd | 0.0105 | 31% | 67,410,714 | $22,040,405 |
| FTL | Firetail Resources | 0.115 | 28% | 51,506 | $6,930,000 |
| WA1 | Wa1Resourcesltd | 5.99 | 28% | 2,799,332 | $183,963,843 |
| ODE | Odessa Minerals Ltd | 0.014 | 27% | 10,308,717 | $8,266,056 |
| AVE | Avecho Biotech Ltd | 0.005 | 25% | 570,898 | $8,648,637 |
| ERL | Empire Resources | 0.005 | 25% | 1,094,373 | $4,451,740 |
| ICN | Icon Energy Limited | 0.005 | 25% | 3,094,000 | $3,072,055 |
| LNU | Linius Tech Limited | 0.005 | 25% | 22,948,860 | $14,356,099 |
| GCX | GCX Metals Limited | 0.031 | 24% | 75,350 | $4,644,467 |
| SRJ | SRJ Technologies | 0.11 | 24% | 98,151 | $8,438,629 |
| DDB | Dynamic Group | 0.32 | 23% | 2,532 | $34,983,768 |
| M3M | M3Mininglimited | 0.135 | 23% | 154,499 | $4,510,157 |
| BOT | Botanix Pharma Ltd | 0.11 | 22% | 5,638,633 | $118,015,616 |
| M2R | Miramar | 0.055 | 22% | 248,252 | $3,617,178 |
| NMR | Native Mineral Res | 0.033 | 22% | 189,016 | $3,243,746 |
| VTI | Vision Tech Inc | 0.285 | 21% | 40,735 | $7,453,546 |
| PGO | Pacgold | 0.4 | 21% | 150,904 | $18,137,399 |
| IMB | Intelligent Monitor | 0.12 | 20% | 6,996 | $13,070,030 |
| SGQ | St George Min Ltd | 0.051 | 19% | 3,068,449 | $36,141,954 |
The story of Monday in small cap land was very clearly Resources & Energy Group’s nickel-based moon-landing, as well as WA1’s eye-catching niobium win.
Resources and Energy Group (ASX:REZ): up +183% on news the firm’s opening drills at Springfield confirmed “large and shallow open pittable nickel sulphide” at East Menzies in WA.
WA1 Resources (ASX:WA1): +26% on good news at West Arunti, including… “shallow, high-grade niobium mineralisation is now evident over a 1km extent,” reports the firm.
Reuben Ranger Adams has much more here.
Ausmon Resources (ASX:AOA): found +67% on no fresh news. Robert ‘The’ Badman reports AOA did register some promising soil-sampling results a few days ago in Broken Hill.
Solis Minerals (ASX:SLM): stacked on another +41% on nothing fresh… But, goodness me, here’s what we know, regarding SLM’s continued good form:
“SLM is now up some +270% since announcing the purchase of the Jaguar lithium project in Brazil last week. At Jaguar – located in Bahia state — the company says there are rock chips grading up to 4.95% Li2O along a 1km long, 50m wide spodumene-rich pegmatite body.”
Reuben ‘The Rock’ Adams also happens to be all over anything SLM does.
MONDAY’S ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IDT | IDT Australia Ltd | 0.068 | -29% | 1,921,788 | $23,400,453 |
| WWG | Wisewaygroupltd | 0.052 | -28% | 37,352 | $12,045,159 |
| AYM | Australia United Min | 0.003 | -25% | 5,000 | $7,370,310 |
| DXN | DXN Limited | 0.0015 | -25% | 1,220,000 | $3,442,630 |
| EMU | EMU NL | 0.002 | -20% | 1,372,857 | $3,625,053 |
| RML | Resolution Minerals | 0.004 | -20% | 934,000 | $6,286,459 |
| CF1 | Complii Fintech Ltd | 0.03 | -19% | 118,796 | $20,331,225 |
| 1ST | 1St Group Ltd | 0.005 | -17% | 1,868,768 | $8,501,947 |
| GNM | Great Northern | 0.0025 | -17% | 2,000,000 | $6,408,941 |
| THR | Thor Energy PLC | 0.005 | -17% | 174,195 | $8,841,677 |
| LCT | Living Cell Tech. | 0.011 | -15% | 1,148,929 | $20,281,884 |
| NHE | Nobleheliumlimited | 0.205 | -15% | 2,339,002 | $29,611,068 |
| SKS | SKS Tech Group Ltd | 0.15 | -14% | 11,960 | $19,141,877 |
| BAT | Battery Minerals Ltd | 0.003 | -14% | 1,396,533 | $12,455,055 |
| CPT | Cipherpoint Limited | 0.006 | -14% | 777,848 | $8,114,692 |
| VBS | Vectus Biosystems | 0.43 | -14% | 45,000 | $26,594,760 |
| CCA | Change Financial Ltd | 0.044 | -14% | 49,929 | $32,010,731 |
| OXT | Orexploretechnologie | 0.052 | -13% | 98,772 | $6,219,852 |
| LYK | Lykosmetalslimited | 0.048 | -13% | 40,000 | $3,432,000 |
| AUK | Aumake Limited | 0.0035 | -13% | 100,000 | $5,949,038 |
| GMN | Gold Mountain Ltd | 0.0035 | -13% | 7,050,000 | $7,879,730 |
| INP | Incentiapay Ltd | 0.014 | -13% | 1,086,417 | $20,241,018 |
| PVS | Pivotal Systems | 0.007 | -13% | 1,300,587 | $4,276,950 |
| TMX | Terrain Minerals | 0.007 | -13% | 3,014,375 | $8,665,594 |
| WFL | Wellfully Limited | 0.007 | -13% | 10,000 | $3,943,553 |
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