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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Our Emma Davies reports that Uranium speculators – and is there any better job – could use the Sprott Physical Uranium Trust (SPUT) to push yellowcake prices sharply higher
SPUT currently has over 61.7 million pounds of U3O8 under lock and key – and is considered by the resources data firm Goehring and Rozencwajg as the barometer of uranium investor sentiment.
And if current uranium sentiment was an island measured by the presence of radioactive isotopes it’d be an attol somewhere in the pacific under French administration and still probably guarded by French naval forces.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Monday and are expected out in the coming days:
Ronin Resources (ASX:RON) – Project acquisition and capital raising.
QEM (ASX:QEM) – Capital raising.
Noronex (ASX:NRX) – Capital raising.
Miramar Resources (ASX:M2R) – Capital raising.
Regional Express (ASX:REX) – Revised profit guidance incoming.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1957.15 (+0.75%)
Silver: $US23.87 (-0.2%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US70.66 (+3.5%)
Oil (Brent): $US75.53 (+3.2%)
Iron 62pc Fe: $US114.50/t (+0.44%)
AUD/USD: 0.6887 (+1.36%)
Bitcoin: $US25,380 (-1.53%)
WHAT GOT YOU TALKING?
The hurly burly’s not done.
Burley Minerals is set to accelerate drilling at its Quebec projects in Canada after appointing a new MD and CEO to the team. https://t.co/22kQJ0CwTV @ad #ASX $BUR
— Stockhead (@StockheadAU) June 19, 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:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| TNC | True North Copper | 0.26 | 391% | 5,522,942 | $13,771,597 |
| AFW | Applyflow Limited | 0.015 | 50% | 1,019,428 | $1,478,807 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 4,051,231 | $15,642,574 |
| CLE | Cyclone Metals | 0.0015 | 50% | 1,716,635 | $10,264,505 |
| BM8 | Battery Age Minerals | 0.45 | 32% | 359,075 | $25,234,175 |
| G50 | Gold50Limited | 0.185 | 32% | 140,957 | $7,972,020 |
| FTL | Firetail Resources | 0.12 | 30% | 283,773 | $7,084,000 |
| AQC | Auspaccoal Ltd | 0.15 | 30% | 793,931 | $39,940,760 |
| ONE | Oneview Healthcare | 0.32 | 25% | 4,213,796 | $136,034,128 |
| GTG | Genetic Technologies | 0.0025 | 25% | 95,571 | $23,083,316 |
| MRZ | Mont Royal Resources | 0.11 | 25% | 1,581,892 | $6,026,475 |
| COY | Coppermoly Limited | 0.011 | 22% | 349,246 | $3,819,482 |
| GRE | Greentechmetals | 0.54 | 21% | 10,609,276 | $18,649,766 |
| PBH | Pointsbet Holdings | 1.65 | 21% | 6,347,581 | $418,860,685 |
| FXG | Felix Gold Limited | 0.09 | 20% | 304,255 | $8,235,480 |
| PUA | Peak Minerals Ltd | 0.003 | 20% | 1,600,000 | $2,603,442 |
| RDN | Raiden Resources Ltd | 0.006 | 20% | 34,229,964 | $10,276,345 |
| YPB | YPB Group Ltd | 0.003 | 20% | 22,692,220 | $1,548,122 |
| DUB | Dubber Corp Ltd | 0.185 | 19% | 3,269,513 | $47,979,905 |
| BMO | Bastion Minerals | 0.031 | 19% | 24,053,805 | $4,144,701 |
| CNQ | Clean Teq Water | 0.28 | 19% | 43,487 | $13,561,920 |
| IXR | Ionic Rare Earths | 0.025 | 19% | 20,889,828 | $82,868,203 |
| MRI | Myrewardsinternation | 0.02 | 18% | 2,795,763 | $5,237,669 |
| PGY | Pilot Energy Ltd | 0.02 | 18% | 1,776,710 | $16,531,270 |
| GPR | Geopacific Resources | 0.021 | 17% | 341,566 | $14,781,440 |
True North Copper (ASX:TNC) set the cat among the pigeons with what looked like a 370% gain in the AM, but it’s not quite what it looked like on the data charts.
True North Copper was the subject of a reverse takeover by Duke Exploration that started late last year, and the whole thing has taken quite a while to get resolved.
As Stockhead’s very own Josh Chiat explains it, a reverse takeover is “kind of like the alien spawn growing inside of Sigourney Weaver, which then bursts out and becomes a (more friendly) xenomorph.”
That xenomorph has emerged from the chest of the ASX today, with the whole rebranded thing assuming the value of both DEX and TNC, which was well above TNC’s price when the reverse takeover began, and so that’s why it looks like such a huge gain.
So, the “real” winner was Gold 50 (ASX:G50) up 36% on surprisingly slender volume this morning and on news that the company has intersected high-grade gold-silver mineralisation within several broad mineralised zones at its Golconda project in Arizona.
The intersects include 35m at 5.2g/t gold and 5.9g/t silver from 176.8m including 9m at 19.5g/t gold and 17.8g/t silver, and 11m at 1.2g/t gold, 399g/t silver, 0.31% copper and 0.55% zinc from 61.0m and immediately below historic underground workings.
Bastion Minerals (ASX:BMO) was up 31% after it reported staking a strategic 115km2 REE exploration tenure near Gyttorp in South Sweden.
BMO says that rock chip samples “greater than 2.86% (28,600 ppm) and 3.64% (36,400 ppm) Total Rare Earth Oxide (TREO) are recorded in historic sampling with some detection limits exceeding the actual result will be greater than these figures”.
MONDAY’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 |
|---|---|---|---|---|---|
| OPN | Oppenneg | 0.01 | -67% | 1,983,540 | $7,275,899 |
| PKD | Parkd Ltd | 0.02 | -38% | 208,365 | $3,258,187 |
| CCO | The Calmer Co Int | 0.002 | -33% | 30,370 | $1,334,333 |
| DXN | DXN Limited | 0.001 | -33% | 1,135,313 | $2,581,972 |
| INP | Incentiapay Ltd | 0.01 | -29% | 196,123 | $17,710,891 |
| MCT | Metalicity Limited | 0.0015 | -25% | 476,314 | $7,472,172 |
| MTL | Mantle Minerals Ltd | 0.0015 | -25% | 1,602,799 | $12,294,892 |
| SIH | Sihayo Gold Limited | 0.0015 | -25% | 250,000 | $12,204,256 |
| SFM | Santa Fe Minerals | 0.046 | -25% | 100,000 | $4,441,946 |
| TGH | Terragen | 0.021 | -22% | 257,167 | $6,024,297 |
| TOY | Toys R Us | 0.011 | -21% | 9,557,587 | $12,083,213 |
| IMI | Infinitymining | 0.12 | -20% | 175,556 | $11,471,748 |
| LKE | Lake Resources | 0.38 | -20% | 57,108,351 | $675,661,236 |
| NNL | Nordicnickellimited | 0.2 | -20% | 209,264 | $14,615,001 |
| DCX | Discovex Res Ltd | 0.002 | -20% | 38,514,928 | $8,256,420 |
| ENT | Enterprise Metals | 0.004 | -20% | 1,726,701 | $3,525,403 |
| RXH | Rewardle Holding Ltd | 0.021 | -19% | 1,918,896 | $13,684,359 |
| OM1 | Omnia Metals Group | 0.225 | -18% | 1,491,649 | $12,532,003 |
| AVW | Avira Resources Ltd | 0.0025 | -17% | 34,902,985 | $6,401,370 |
| CPT | Cipherpoint Limited | 0.005 | -17% | 821,328 | $6,955,450 |
| IVX | Invion Ltd | 0.005 | -17% | 8,344,716 | $38,529,793 |
| SPD | Southernpalladium | 0.335 | -16% | 9,570 | $17,231,331 |
| OSX | Osteopore Limited | 0.11 | -15% | 165,494 | $18,749,706 |
| PRM | Prominence Energy | 0.017 | -15% | 63,742 | $2,424,618 |
| CI1 | Credit Intelligence | 0.115 | -15% | 467,029 | $11,272,387 |
