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.
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| KTA | Krakatoa Resources | 0.125 | 116% | $33,891,640.46 |
| MEG | Megado | 0.2 | 100% | $4,735,367.78 |
| CZR | CZR Resources Ltd | 0.016 | 100% | $38,349,556.05 |
| IG6 | Internationalgraphit | 0.38 | 90% | $31,780,362.12 |
| MM1 | Midasmineralsltd | 0.34 | 62% | $16,331,437.50 |
| IKW | Ikwezi Mining Ltd | 1.695 | 60% | $69,104,955.80 |
| BCA | Black Canyon Limited | 0.48 | 50% | $15,747,777.96 |
| MCM | Mc Mining Ltd | 0.165 | 50% | $24,097,933.00 |
| PBX | Pacific Bauxite Ltd | 0.15 | 50% | $1,189,875.90 |
| LCY | Legacy Iron Ore | 0.03 | 50% | $185,797,959.77 |
| LDR | Lode Resources | 0.25 | 47% | $6,723,687.34 |
| AHK | Ark Mines Limited | 0.44 | 47% | $12,657,839.14 |
| NIM | Nimyresourceslimited | 0.55 | 45% | $23,676,089.23 |
| M8S | M8 Sustainable | 0.023 | 44% | $10,067,519.04 |
| JNO | Juno | 0.15 | 43% | $18,313,830.14 |
| OSL | Oncosil Medical | 0.06 | 43% | $57,841,060.46 |
| CAN | Cann Group Ltd | 0.405 | 42% | $123,938,851.38 |
| RAG | Ragnar Metals Ltd | 0.048 | 41% | $17,516,189.78 |
| ELE | Elmore Ltd | 0.0465 | 41% | $26,997,750.19 |
| OKR | Okapi Resources | 0.42 | 40% | $47,421,115.07 |
| HAW | Hawthorn Resources | 0.13 | 40% | $41,689,451.63 |
| OPN | Oppenneg | 0.285 | 39% | $31,075,173.59 |
| MLS | Metals Australia | 0.18 | 38% | $67,326,697.58 |
| 4DS | 4Ds Memory Limited | 0.092 | 37% | $126,174,398.45 |
| VAN | Vango Mining Ltd | 0.048 | 37% | $62,996,881.60 |
| SBR | Sabre Resources | 0.0075 | 36% | $14,243,695.54 |
| HIO | Hawsons Iron Ltd | 0.49 | 36% | $375,402,798.75 |
| ODE | Odessa Minerals Ltd | 0.019 | 36% | $9,668,719.94 |
| BMN | Bannerman Energy Ltd | 0.305 | 36% | $454,240,381.12 |
| GGX | Gas2Grid Limited | 0.004 | 33% | $12,174,306.23 |
| NTL | New Talisman Gold | 0.002 | 33% | $6,254,450.73 |
| PCL | Pancontinental Energ | 0.008 | 33% | $57,233,782.48 |
| PNN | PepinNini Minerals | 0.825 | 33% | $51,742,150.33 |
| HFR | Highfield Res Ltd | 1.265 | 32% | $437,315,864.40 |
| 5EA | 5Eadvanced | 3.29 | 32% | $940,141,198.00 |
| RSG | Resolute Mining | 0.4 | 31% | $413,974,320.00 |
| RAP | Resapp Health Ltd | 0.1125 | 31% | $98,807,663.86 |
| LM8 | Lunnonmetalslimited | 1.24 | 31% | $80,722,785.52 |
| KMT | Kopore Metals Ltd | 0.039 | 30% | $27,184,778.20 |
| DTR | Dateline Resources | 0.13 | 30% | $52,551,810.60 |
| BOE | Boss Energy Ltd | 2.98 | 30% | $954,239,256.44 |
| PWN | Parkway Corp Ltd | 0.011 | 29% | $24,258,906.77 |
| ACB | A-Cap Energy Ltd | 0.155 | 29% | $166,378,736.61 |
| IBG | Ironbark Zinc Ltd | 0.049 | 29% | $54,898,301.77 |
| AHN | Athena Resources | 0.009 | 29% | $5,690,772.91 |
| HGO | Hillgrove Res Ltd | 0.09 | 29% | $97,465,991.73 |
| REY | REY Resources Ltd | 0.23 | 28% | $44,504,783.19 |
| NC1 | Nicoresourceslimited | 1.195 | 27% | $94,666,252.17 |
| NES | Nelson Resources. | 0.024 | 26% | $6,474,537.61 |
| KNI | Kunikolimited | 1.43 | 26% | $47,278,152.96 |
| 9SP | 9 Spokes Int Limited | 0.005 | 25% | $7,466,686.17 |
| ICN | Icon Energy Limited | 0.025 | 25% | $17,359,571.77 |
| SW1 | Swift Networks Group | 0.02 | 25% | $11,582,079.62 |
| TRM | Truscott Mining Corp | 0.05 | 25% | $7,597,077.20 |
| KZR | Kalamazoo Resources | 0.425 | 25% | $57,351,777.73 |
| TGM | Theta Gold Mines Ltd | 0.15 | 25% | $83,370,987.24 |
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.
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| DCG | Decmil Group Limited | 0.11 | -44% | $14,892,792.19 |
| MEL | Metgasco Ltd | 0.03 | -39% | $24,613,391.30 |
| AFW | Applyflow Limited | 0.002 | -33% | $7,394,020.09 |
| JAV | Javelin Minerals Ltd | 0.001 | -33% | $7,568,252.77 |
| UUL | Ultima Utd Ltd | 0.12 | -33% | $10,629,590.98 |
| ERD | Eroad Limited | 2.64 | -31% | $299,018,112.77 |
| MSI | Multistack Internat. | 0.028 | -30% | $3,816,509.87 |
| SIT | Site Group Int Ltd | 0.005 | -29% | $4,206,225.64 |
| ANW | Aus Tin Mining | 0.0015 | -25% | $13,766,786.87 |
| NZK | NZK Salmon Ltd | 0.65 | -25% | $91,414,506.95 |
| AKN | Auking Mining Ltd | 0.16 | -24% | $11,385,688.80 |
| EAX | Energy Action Ltd | 0.15 | -23% | $4,048,290.00 |
| FIJ | Fiji Kava Limited | 0.06 | -23% | $12,156,176.90 |
| LAW | Lawfinance Ltd | 0.275 | -23% | $12,891,953.53 |
| SZL | Sezzle Inc. | 1.03 | -23% | $220,248,217.20 |
| XAM | Xanadu Mines Ltd | 0.029 | -22% | $36,687,069.32 |
| NXM | Nexus Minerals Ltd | 0.355 | -22% | $98,489,680.54 |
| BSA | BSA Limited | 0.094 | -21% | $42,314,840.78 |
| CZL | Cons Zinc Ltd | 0.03 | -21% | $10,540,734.39 |
| AVL | Aust Vanadium Ltd | 0.071 | -21% | $246,825,006.02 |
| RGL | Riversgold | 0.074 | -21% | $36,855,292.11 |
| 1AG | Alterra Limited | 0.022 | -21% | $6,944,406.85 |
| EUR | European Lithium Ltd | 0.11 | -21% | $152,120,499.96 |
| AMS | Atomos | 0.755 | -20% | $200,116,426.50 |
| B4P | Beforepay Group | 0.56 | -20% | $18,414,386.78 |
| BAS | Bass Oil Ltd | 0.002 | -20% | $10,825,362.92 |
| GSM | Golden State Mining | 0.088 | -20% | $7,477,918.65 |
| IMB | Intelligent Monitor | 0.24 | -20% | $16,293,578.25 |
| OXT | Orexploretechnologie | 0.096 | -20% | $9,951,762.82 |
| GTG | Genetic Technologies | 0.004 | -20% | $36,935,860.57 |
| ICG | Inca Minerals Ltd | 0.12 | -20% | $60,194,990.88 |
| OEX | Oilex Ltd | 0.004 | -20% | $35,838,953.52 |
| TEM | Tempest Minerals | 0.1 | -20% | $39,790,089.80 |
| EMP | Emperor Energy Ltd | 0.06 | -19% | $12,144,261.37 |
| OZM | Ozaurum Resources | 0.099 | -18% | $5,435,520.00 |
| AUH | Austchina Holdings | 0.014 | -18% | $28,029,492.29 |
| RVS | Revasum | 0.6 | -18% | $68,845,825.10 |
| PO3 | Purifloh Ltd | 0.64 | -18% | $20,647,891.19 |
| HPG | Hipages Group | 1.565 | -18% | $204,554,979.72 |
| BPM | BPM Minerals | 0.2 | -18% | $7,753,492.50 |
| TMT | Technology Metals | 0.465 | -18% | $92,400,343.79 |
| ECG | Ecargo Hldg | 0.02 | -17% | $12,305,000.00 |
| LNY | Laneway Res Ltd | 0.005 | -17% | $30,434,726.83 |
| NZS | New Zealand Coastal | 0.005 | -17% | $5,135,025.16 |
| TMX | Terrain Minerals | 0.01 | -17% | $6,621,849.08 |
| X2M | X2M Connect Limited | 0.125 | -17% | $10,603,552.95 |
| PPK | PPK Group Limited | 4.025 | -17% | $366,086,101.30 |
| GGE | Grand Gulf Energy | 0.049 | -17% | $62,872,422.59 |
| GED | Golden Deeps | 0.019 | -17% | $14,741,177.36 |
| MRL | Mayur Resources Ltd | 0.135 | -16% | $32,311,297.58 |
| IIQ | Inoviq Ltd | 0.725 | -16% | $69,934,213.52 |
| EOS | Electro Optic Sys. | 2.35 | -16% | $357,666,722.73 |
| MCE | Matrix C & E Ltd | 0.16 | -16% | $23,371,428.64 |
| PIL | Peppermint Inv Ltd | 0.016 | -16% | $31,474,785.22 |
| PTM | Platinum Asset | 1.86 | -16% | $1,085,355,965.00 |
| CTT | Cettire | 0.96 | -16% | $371,707,264.50 |
| Z1P | Zip Co Ltd. | 1.2375 | -16% | $883,988,966.85 |
| BEX | Bikeexchange Ltd | 0.051 | -16% | $9,969,062.69 |
| CDT | Castle Minerals | 0.056 | -16% | $58,970,086.06 |
| HFY | Hubify Ltd | 0.061 | -16% | $29,979,119.23 |
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.