What you need to know before the market opens on Thursday November 2nd.
Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to Thursday, 2 November.
Aussie shares are poised to open higher, tracking gains on Wall Street. At 8am AEST, the ASX 200 index futures was pointing up by +0.7%.
On Stockhead today…
Bernard Marr, a world-renowned thought leader in the fields of business and technology, gives his thoughts on the most prominent healthcare trends in 2024. And we take a look at the best performing ASX health stocks in October.
*High-grade magnetite is intrinsic to our clean energy transition, and is the key material is key to lowering CO2 levels at the industrial level. Cam Drummond spills out which ASX small caps are killing it with their iron game.
Energy is one of the biggest expenses for mining companies. And with war throwing uncertainty into the energy market, adding renewables like solar, wind, hydro or geothermal to the mix is more appealing than ever. Em Davies looks at the ASX players that are eco-piggy-banking their operations with renewables.
But first..
TRADING HALTS
Critical Minerals Group (ASX:CMG) – In relation to the results of a Scoping Study for which CMG ‘intends to prepare a further disclosure’
Indiana Resources (ASX:IDA) – Pending an announcement to the market in relation to a decision from the ICSID ad hoc Committee concerning the stay of enforcement of the Award against the United Republic of Tanzania
Kalina Power (ASX:KPO) – Capital Raising
R3D Resources (ASX:R3D) – Capital Raising
Aussie Broadband (ASX:ABB) – Capital Raising
Surefire Resources (ASX:SRN) – Corporate equity raising.
Terra Uranium (ASX:T92) – Proposed Capital Raising
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,983.39 (+0.02%)
Silver: US$22.98 (+0.39%)
Nickel (3mth): US$18,130/t (-1.94%)
Copper (3mth): US$8,110.50/t (=0.37%)
Oil (WTI): US$80.89 (-0.13%)
Oil (Brent): US$85.00 (-0.02%)
Iron 62pc Fe: US$122.33/t (+2.88%)
AUD/USD: 0.6407 (+1.11%)
Bitcoin: US$35,448 (+2.69%)
WHAT GOT YOU TALKING
On a 120% gain this year to date, $1.6 billion Cambodian gold miner Emerald Resources (ASX:EMR) walks into the ASX 200. The miner is currently operating one of the world’s highest margin gold mines at Okvau in the South East Asian nation, as the copper market continues to face headwinds from rising supply and Chinese intervention.
ASX-listed manganese developers are split on whether they will join the existing Chinese supply chain as they look to pivot to the EV market. Firebird Metals (ASX:FRB) and Element 25 (ASX:E25) bosses both say manganese use will grow as manganese rich NCM and LFP batteries grab increased market share
And..
The future of #mRNA #vaccines is not limited to just #Covid. #Biotechs are already developing mRNA vaccines to protect against other #viruses such as the #flu, and even #HIV. | #ASX https://t.co/ZM0rnxtSPz
— Stockhead (@StockheadAU) October 31, 2023
YESTERDAY’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 |
|---|---|---|---|---|---|
| MGT | Magnetite Mines | 0.033 | 1000% | 128,378 | $62,808 |
| AMD | Arrow Minerals | 0.002 | 100% | 1,122,301 | $3,023,765 |
| TMB | Tambourahmetals | 0.18 | 57% | 340,640 | $9,538,141 |
| HFY | Hubify Ltd | 0.021 | 50% | 600,043 | $6,945,908 |
| CLE | Cyclone Metals | 0.0015 | 50% | 2,380,034 | $10,264,505 |
| GHY | Gold Hydrogen | 0.43 | 48% | 2,565,684 | $16,507,677 |
| TG6 | Tgmetalslimited | 0.475 | 44% | 16,248,518 | $13,299,509 |
| BFC | Beston Global Ltd | 0.007 | 40% | 2,555,865 | $9,985,234 |
| CHR | Charger Metals | 0.23 | 31% | 550,831 | $10,870,014 |
| KNO | Knosys Limited | 0.032 | 28% | 17,184 | $5,403,467 |
| DCL | Domacom Limited | 0.014 | 27% | 618,771 | $4,790,520 |
| BRU | Buru Energy | 0.15 | 25% | 4,695,258 | $71,525,170 |
| VRX | VRX Silica Ltd | 0.115 | 24% | 744,690 | $54,254,205 |
| WML | Woomera Mining Ltd | 0.011 | 22% | 11,648,941 | $8,605,751 |
| NRZ | Neurizer Ltd | 0.03 | 20% | 494,651 | $31,918,481 |
| NAE | New Age Exploration | 0.006 | 20% | 868,124 | $8,969,495 |
| TAS | Tasman Resources Ltd | 0.006 | 20% | 1,000 | $3,563,346 |
| RAS | Ragusa Minerals Ltd | 0.045 | 18% | 593,895 | $5,418,754 |
| AUE | Aurumresources | 0.13 | 18% | 374,770 | $3,455,000 |
| CPM | Coopermetalslimited | 0.105 | 17% | 40,005 | $4,789,588 |
| RNO | Rhinomed Ltd | 0.035 | 17% | 4,003 | $8,571,591 |
| ATH | Alterity Therap Ltd | 0.007 | 17% | 406,555 | $14,639,386 |
| ETR | Entyr Limited | 0.007 | 17% | 178,571 | $11,898,623 |
| HLX | Helix Resources | 0.0035 | 17% | 701,737 | $6,969,438 |
| VAL | Valor Resources Ltd | 0.0035 | 17% | 2,000,000 | $11,620,004 |
Yesterday’s Small Caps highlights:
Up almost 50% in arvo trade is Tambourah Metals (ASX:TMB).
The WA-focused critical minerals developer dropped a quarterly update last night continuing the rapid exploration and development of its flagship Tambourah Gold and Lithium project in the Pilbara.
The Tambourah goldfield is an advanced gold exploration project with lithium and gold development potential.
Importantly, Tambourah says it has “an exciting opportunity for further regional growth” through gold and lithium exploration at its Russian Jack and Nullagine projectsin the East Pilbara. The company has also expanded its Julimar Nth and WH Sth (Ni-PGE-Cu) projects in the SW terrane.
Meanwhile, a delighted Loyal Lithium (ASX:LLI) gave the ASX an update on maiden drilling at its Trieste Lithium Project, located in… yes, the James Bay Region of Québec, in Canada.
$LLI.ax is delighted to provide an update on its maiden drilling program at its Trieste Lithium Project with all 14 holes intercepting spodumene bearing pegmatite with intercepts of up to 74m.
Read more: https://t.co/GI5ScY5SuW$LLI #lithium pic.twitter.com/DRvXmmbcbR
— Loyal Lithium Limited (@LoyalLithium) November 1, 2023
TG Metals (ASX:TG6) continues to climb – the stock is up almost 250% – after hitting paydirt at the Lake Johnston project a few days ago, with maiden holes intersecting high grade lithium of up to 2.28% over 9-12m widths, 200m apart.
Gold Hydrogen (ASX:GHY) says it’s locked onto significant concentrations of hydrogen and helium in its Ramsay 1 Well – which GHY reckons confirms historic measurement and demonstrating an active hydrogen system in the Ramsay Project area.
Managing director Neil McDonald:
“It is incredibly exciting that we have replicated the results of 100 years ago at 240m. With the additional find of helium, which could be a significant value-add to the project, we view these results as being better than planned.”
YESTERDAY’S ASX SMALL CAP LAGGARDS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MTH | Mithril Resources | 0.001 | -50% | 443,500 | $6,737,609 |
| NGS | NGS Ltd | 0.008 | -38% | 2,271,387 | $3,265,956 |
| AXP | AXP Energy Ltd | 0.001 | -33% | 147,443,689 | $8,737,021 |
| EDE | Eden Inv Ltd | 0.002 | -33% | 13,855,923 | $10,090,911 |
| SIT | Site Group Int Ltd | 0.002 | -33% | 22,876,666 | $7,807,471 |
| ALC | Alcidion Group Ltd | 0.068 | -30% | 15,079,793 | $123,232,028 |
| PAR | Paradigm Bio. | 0.42 | -30% | 6,566,122 | $167,788,050 |
| ADS | Adslot Ltd. | 0.003 | -25% | 8,024,412 | $12,897,982 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 861,673 | $31,285,147 |
| EXT | Excite Technology | 0.006 | -25% | 42,166 | $9,673,934 |
| PUA | Peak Minerals Ltd | 0.003 | -25% | 9,248,915 | $4,165,506 |
| PGY | Pilot Energy Ltd | 0.025 | -24% | 38,303,909 | $34,239,401 |
| MXC | Mgc Pharmaceuticals | 0.77 | -23% | 4,081 | $4,427,969 |
| EMP | Emperor Energy Ltd | 0.007 | -22% | 902,278 | $2,419,762 |
| S3N | Sensore Ltd | 0.09 | -22% | 64,367 | $4,185,222 |
| MGL | Magontec Limited | 0.36 | -21% | 182,952 | $35,631,297 |
| NSX | NSX Limited | 0.027 | -21% | 169,971 | $13,640,734 |
| LBT | LBT Innovations | 0.004 | -20% | 7,657,012 | $1,779,502 |
| MRQ | Mrg Metals Limited | 0.002 | -20% | 19,531,395 | $5,514,797 |
| SFG | Seafarms Group Ltd | 0.004 | -20% | 50,004 | $24,182,996 |
| ASH | Ashley Services Grp | 0.38 | -19% | 439,189 | $67,668,675 |
| ERG | Eneco Refresh Ltd | 0.017 | -19% | 552,584 | $5,719,525 |
| BSE | Base Res Limited | 0.11 | -19% | 3,836,466 | $159,031,600 |
| AMT | Allegra Orthopaedics | 0.04 | -18% | 24,489 | $5,860,940 |
| EG1 | Evergreenlithium | 0.2 | -18% | 202,005 | $13,776,350 |
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