On Stockhead today, the anatomy of an ASX meme stock, Merewether’s big small-cap tech opportunities and a new lithium IPO ready to list any day now.

But first, the day ahead.




IPO: raised $5m at 20c per share

Listing: 11am AEST

Led by former Cassini boss Richard Bevan, this explorer is focused on “giant” nickel-copper-PGE discoveries in South Australia and WA.

NYM’s underexplored ‘Narryer’ project in WA is on “the edge of the ancient craton that hosts Chalice Mining’s (ASX:CHN) Julimar Ni-Cu-PGE discovery”.

The Sturt and Ceduna projects in SA are in strategic geological domains that have been under-explored, it says.



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

Black Cat Syndicate (ASX:BC8) –  proposed acquisition of the Coyote and Paulsens Gold Operations from Northern Star Resources, associated capital raising.

New Zealand King Salmon (ASX:NZK) – finalising full year financial statements, capital raising.

Carawine Resources (ASX:CWX) – drilling results at the Big Freeze prospect.

Tempest Minerals (ASX:TEM) –  capital raising.

Latin Resources (ASX:LRS) – capital raising.

Emmerson Resources (ASX:ERM) – capital raising.

Pacgold (ASX:PGO) – capital raising.

Megado Gold (ASX:MEG) – proposed acquisition.

Sabre Resources (ASX:SAB) – capital raising.


MARKETS (updated at 8am AEDT)

Gold: $US1,979.31 (+0.65%)

Silver: $US25.7 (+1.38%)

Nickel (3mth): $US32,740/t (+0.78%)

Copper (3mth): $US10,333/t (-0.10%)

Oil (WTI): $US102.27 (+1.66%)

Oil (Brent): $US106.55 (+1.83%)

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

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

Iron 62pc Fe: $US148.56 (+2.24%)

AUD/USD: $US0.7419 (-0.42%)

Bitcoin: $US39,861(-0.56%)



Greens boss Adam Bandt schooling a cadet journalist. A lesson for life, Ronald.


Uranium is pushing well above $US60/lb, the point at which many projects becomes very profitable. Is a breakout on the cards?



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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.



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

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Medical device company OncoSil Medical (ASX:OSL) announced the first commercial treatment with the OncoSil device in Europe. OncoSil is a targeted radioactive isotope (Phosphorus-32), implanted directly into a patient’s pancreatic tumours via an endoscopic ultrasound.

New listing Firetail Resources (ASX:FTL) surged on debut. FTL’s exploration portfolio contains projects prospective for lithium, rubidium, nickel, cobalt, copper, and gold.

Freshly listed Nimy Resources (ASX:NIM) hit a 438m-long nickel-copper zone — including semi-massive (good grade) sulphides – at ‘Godley’, part of the ‘Mons’ nickel project in WA.

This is hole #2. Hole #1 hit an also very good 275m-long mineralisation zone.

Black Canyon (ASX:BCA) unveiled an enlarged 104 million tonne at 10.5% manganese resource at the ‘Flanagan Bore’ project.

And Volt Power’s (ASX:VPR) 70% owned subsidiary EcoQuip Australia inked a deal with the Fed government to conduct a trial of its recently developed Autonomous Communications Sentry (ACS).



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

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