Good morning everyone, and welcome to Tuesday, 7 November.

Aussie shares are poised to open lower on Tuesday despite gains Wall Street.  At 8am AEST, the ASX 200 index futures was pointing down by -0.2%.  

On Stockhead today…

Warren Buffett’s business buffet, the conglomerate that is Berkshire Hathaway, dropped its Q3 report over the weekend. Christian Edwards delves into why, despite reporting a net loss of US$12.77 billion, the company’s operating income erupted – surging by 40.65% on the previous Q3 – from $7.65bn to $10.76bn.

Broker MA Moelis has initiated coverage on two ASX stocks, Silk Logistics (ASX:SLH) and Shine Justice (ASX:SHJ), with a Buy rating. Here’s why it thinks we should get into these two stocks now.

And Josh Chiat reports on Barrick Gold’s Mark Bristow as he pours cold water on M&A.

But first..



Gold: US$1,977.00 (-0.77%)

Silver: US$23.02 (-0.76%)

Nickel (3mth): US$18,223/t (+1.36%)

Copper (3mth): US$8,175.50/t (+0.40%)

Oil (WTI): US$80.92(+0.51%)

Oil (Brent): US$85.32 (+0.51%)

Iron 62pc Fe: US$126.63/t (+0.38%)

AUD/USD: 0.6487 (-0.3%)

Bitcoin: US$35,086 (+0.97%)



Pioneer Lithium (ASX:PLN) has added another string to its bow with the acquisition of a greenfields property in northwest Ontario, nestled between Patriot Lithium’s (ASX:PAT) Dryden project and Canadian-listed Beyond Lithium’s Victory and Victory West project

Strickland Metals (ASX:STK) is on a tear ever since it sold its Millrose gold project to Northern Star Resources (ASX:NST) for a whopping $61m. Aggressive’ RC drilling has commenced across an initial 300m of the mapped 700m strike at the Marwari gold discovery.

And this…



Here are the best performing ASX small cap stocks:

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Yesterday’s Small Caps highlights:

On a dull Monday morning in Sydney, the Aussie comms-platform-as-a-service (CPaaS) Soprano Design lobbed an off-market takeover play for Whispir (ASX:WSP) for circa $64 million.

Soprano, it turns out, has already been lugging some 15% of Whispir shares around town and is run by the former Appen (ASX:APX) boss Mark Brayan and with private equity backing probably thought the offer for little Whispir was a done deal.

Not so.

The cloud-comms tech firm was onto it in a flash this morning – telling shareholders not to move a muscle while the board thinks of a better number than the all-cash 48¢ a pop offer.

Mighty Kingdom (ASX:MKL) meanwhile, has reported a September quarter without any massive holes blown through it by the universe. A welcome change.

Quarterly Games revenue of $2m is up a sterling +38% increase pcp, while the game developer says ongoing contracts – with cool set-ups like East Side Games, Google and Spinmaster – has driven “continued growth in baseline revenue to ensure long term sustainability”.

Better yet, the MK’s cost control strategy has resulted in a 13% cut in quarter-on-quarter expenses, combining to reflect a 31% reduction in costs compared to the pcp.



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