On Stockhead today, is Iluka’s rare earths refinery a good bet, which directors cashed in last week, and all the data drops for the week ahead.

But first, the day ahead.

 

TRADING HALTS

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

SSH Group (ASX:SSH) — material acquisition

AuKing Mining (ASX:AKN) — capital raising

Grand Gulf Energy (ASX:GGE) — capital raising

Tempest Minerals (ASX:TEM) –  capital raising

 

MARKETS (updated at 8am AEDT)

Gold: $US1,993.05 (+0.94%)

Silver: $US26.10 (+1.65%)

Nickel (3mth): $US33,145/t (+0.50%)

Copper (3mth): $US10,332/t (+0.32%)

Oil (WTI): $US107.25 (+0.30%)

Oil (Brent): $US112.77 (+0.60%)

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

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

Iron 62pc Fe: $US150.50 (+2.38%)

AUD/USD: $US0.7369 (-0.39%)

Bitcoin: $US39,271 (-1.05%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

The aptly named Doomberg reckons everything is about to go pearshaped in a big way.

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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.

 

LAST WEEK’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.

A good week for exploration stocks.

Krakatoa Resources (ASX:KTA) exploded out of a trading halt on Tuesday to announce a “major clay hosted rare earth discovery” at its ‘Mt Clere’ project in WA.

Clay hosted deposits – like the ones exploited in major producer China — are commonly considered to be some of the cheapest and most readily accessible sources of heavy rare earths.

On Thursday, Megado Gold (ASX:MEG) announced the purchase of a high grade rare earths project in the US.

Battery focused International Graphite (ASX:IG6) continued its steady ascent after hitting the bourse with a bang last week.

Black Canyon (ASX:BCA) boosted resources by ~600% — to 104 million tonnes at 10.5% manganese — at the ‘Flanagan Bore’ project (51% ownership) in the Pilbara.

Manganese is an essential ingredient in steel making but is increasingly finding a niche in the EV market, where it is a major component in long range nickel-cobalt-manganese batteries.

And coal stock MC Mining (ASX:MCM) has completed a Bankable Feasibility Study – the most advanced of all project studies – on its Makhado hard coking coal project in South Africa.

LAST WEEK’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.

Construction company Decmil (ASX:DCG) was hammered after supply chain issues, price escalation, and border challenges caused losses on several contracts.

Outgoing CEO Dickie Dique said the forecast financial result was very disappointing as it was largely influenced by two issues – cost overruns at a Queensland Road project and the financial collapse of a subcontractor in WA – which did not reflect the success of other projects in the company’s work portfolio.

“Decmil is required to book the expected total loss on those projects in its FY22 results. It may recover some of those losses in claims in FY23,” he says.