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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, three green hydrogen stocks rising above the field, Nikola’s electric truck will have a battery 15 times bigger than a Tesla Model 3’s, and Katana Asset Management’s best anti-inflation bets.
But first, the day ahead.
Today, the Australian Bureau of Stats issues building approvals and international trade data for March.
Australia has posted 50 successive monthly trade surpluses, CommSec says. Building approvals soared by a record 43.5% in Feb.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
Black Rock Mining (ASX:BKT) – capital raising
Pearl Global ASX:PG1) – capital raising
Air New Zealand (ASX:AIZ) – shortfall bookbuild
Resource Mining Corporation (ASX:RMI) – potential acquisition
Canyon Resources (ASX:CAY) – announcement relating to BFS at Minim Martap Bauxite Project
OM Holdings (ASX:OMH) – material acquisition
MARKETS (updated at 8am AEDT)
Gold: $US1,869.7 (+0.09%)
Silver: $US22.605 (+0.22%)
Nickel (3mth): $US30,640/t (-1.08%)
Copper (3mth): $US9,509.50/t (+0.59%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, May 4): $US72,650/t (0.0% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 4): $US73,275/t (0.0% weekly)
Oil (WTI): $US106.29 (+3.80%)
Oil (Brent): $US108.95 (+3.79%)
Iron 62pc Fe: $US142.00 (+0.00%)
AUD/USD: $US0.7129 (+0.434%)
Bitcoin: $US38,949 (+3.26%)
WHAT GOT YOU TALKING YESTERDAY?
Could this rate raising cycle be good for gold?
With the US Fed moving aggressively on rates, it’s little wonder other major currencies are losing ground against the dollar. The Fed’s last rate raising cycle that began in early 2016 saw a renaissance in gold from around $1,050/oz – and which saw it double within five years. pic.twitter.com/9PdJDqYAQg
— Gavin Wendt (@MineLifeReport) May 4, 2022
YESTERDAY’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 | Last | % | Volume |
|---|---|---|---|---|
| PBX | Pacific Bauxite Ltd | 0.25 | 67% | 1,000,770 |
| SIH | Sihayo Gold Limited | 0.003 | 50% | 43,610,004 |
| VMG | VDM Group Limited | 0.0015 | 50% | 3,000,000 |
| AZI | Altamin Limited | 0.1 | 39% | 10,054,044 |
| HCD | Hydrocarbon Dynamic | 0.034 | 31% | 26,910,575 |
| T3D | 333D Limited | 0.0025 | 25% | 100,000 |
| OVN | Oventus Medical Ltd | 0.022 | 22% | 869,470 |
| 1VG | Victory Goldfields | 0.18 | 20% | 97,802 |
| LNU | Linius Tech Limited | 0.012 | 20% | 2,684,139 |
| NCR | Nucoal Resources Ltd | 0.012 | 20% | 1,220,393 |
| IVO | Invigor Group Ltd | 0.047 | 18% | 193,444 |
| KOB | Kobaresourceslimited | 0.235 | 18% | 2,607,697 |
| KFE | Kogi Iron Ltd | 0.007 | 17% | 7,598,312 |
| AMD | Arrow Minerals | 0.004 | 14% | 100,000 |
| CXU | Cauldron Energy Ltd | 0.016 | 14% | 578,669 |
| ESH | Esports Mogul Ltd | 0.004 | 14% | 975,747 |
| MTH | Mithril Resources | 0.008 | 14% | 2,743,437 |
| OZM | Ozaurum Resources | 0.16 | 14% | 199,794 |
| XTE | Xtek Limited | 0.33 | 14% | 318,151 |
| LAW | Lawfinance Ltd | 0.25 | 14% | 12,742 |
| AJQ | Armour Energy Ltd | 0.009 | 13% | 1,010,462 |
| DXN | DXN Limited | 0.009 | 13% | 888,333 |
| PIL | Peppermint Inv Ltd | 0.019 | 12% | 59,388,236 |
| HVM | Happy Valley | 0.059 | 11% | 17,000 |
| CCG | Comms Group Ltd | 0.099 | 11% | 180,000 |
Former struggler Pacific Bauxite (ASX:PBX) has recommenced trading on the ASX following a recapitalisation. It has $4m in cash to explore its PGE projects in WA.
Advanced zinc play Altamin (ASX:AZI) says shareholders should take no action on an unsolicited takeover offer from its largest shareholder.
The 9.5c per share offer is an 8.7% discount to AZI’s 52-week high of 10.4c per share.
Fire assay sampling on drilling completed late last year returned thick, shallow, and high-grade gold hits up to 54.3g/t gold at the ‘Coodardy’ project, part of Victory Goldfields’ (ASX:1VG) tenement portfolio in the Cue region of WA.
The ASX newest battery metals stock Koba Resources (ASX:KOB) entered listed life on a strong footing, up 15% for the day.
And hard-drilling gold explorer Ozaurum Resources (ASX:OZM) bounced higher, perhaps in response to what we assume was a high quality presso at this year’s RIU Sydney Resources Round-up Conference.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| MGTRE | Magnetite Mines - Rights 06-May-22 | 0.003 | -40% | 11,096,107 |
| WRM | White Rock Min Ltd | 0.14 | -30% | 4,203,965 |
| PNN | PepinNini Minerals | 0.665 | -24% | 2,004,958 |
| MLS | Metals Australia | 0.1 | -23% | 42,553,120 |
| BMO | Bastion Minerals | 0.15 | -21% | 181,970 |
| NC1 | Nicoresourceslimited | 1.09 | -21% | 2,009,097 |
| CZR | CZR Resources Ltd | 0.012 | -20% | 19,615,333 |
| AVZ | AVZ Minerals Ltd | 0.7925 | -20% | 123,214,932 |
| IOU | Ioupay Limited | 0.089 | -19% | 13,475,958 |
| EGY | Energy Tech Ltd | 0.056 | -19% | 214,449 |
| HAW | Hawthorn Resources | 0.155 | -18% | 1,125,820 |
| BASDA | Bass Oil Ltd | 0.049 | -18% | 1,345,315 |
| AQC | Auspaccoal Ltd | 0.18 | -18% | 38,050 |
| BMM | Balkanminingandmin | 0.3 | -18% | 38,221 |
| MMG | Monger Gold Ltd | 0.37 | -18% | 1,232,424 |
| OAU | Ora Gold Limited | 0.014 | -18% | 3,219,852 |
| TSL | Titanium Sands Ltd | 0.014 | -18% | 517,213 |
| PXX | Polarx Limited | 0.0175 | -17% | 4,718,745 |
| GNM | Great Northern | 0.005 | -17% | 2,180,000 |
| SBR | Sabre Resources | 0.005 | -17% | 32,493,679 |
| BGT | Bio-Gene Technology | 0.205 | -16% | 535,963 |
| SMI | Santana Minerals Ltd | 0.805 | -16% | 372,965 |
| AX8 | Accelerate Resources | 0.038 | -16% | 8,892,000 |
| GBE | Globe Metals &Mining | 0.085 | -15% | 513,360 |
| IMI | Infinitymining | 0.17 | -15% | 769,444 |
