On Stockhead today, Lowell Resources Fund chief investment officer John Forwood on how he picked Azure at 27c, Scott Power gives Nadine McGrath nine healthcare picks to fill the Christmas stocking (NINE!), and why there’s hope for weed stocks in 2024.

But first, to the day ahead.

 

WHO’S LISTING TODAY?

Today we see the highly anticipated debut of Brazilian Rare Earths (ASX:BRE), which will hit the bourse at 11am AEDT after raising $50m at $1.47/sh.

The Gina Rinehart-backed stock is focused on the Monte Alto project in Bahia, Brazil, where a 25.2Mt resource grading 1% TREO has been defined.

Included in the resource is a high-grade core of 4.1Mt at 3.2%.

“This compelling resource is shallow, free dig and early metallurgical test work indicates that simple, low-cost processing techniques could be used to produce a valuable rare earth concentrate product,” the prospectus states.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,042.82 (+0.12%)

Silver: US$24.10 (+0.35%)

Nickel (3mth): US$16,502/t (-3.78%)

Copper (3mth): US$8,482.50/t (-0.78%)

Oil (WTI): US$74.22 (+0.37%)

Oil (Brent): US$79.41 (+0.25%)

Iron 62pc Fe: US$135/t (-0.37%)

AUD/USD: 0.6771 (+0.15%)

Bitcoin: US$42,824 (+0.77%)

 

TRADING HALTS

Godolphin Resources (ASX:GRL) – Answering ASX queries re announcement: “Godolphin to Sell Lewis Ponds and Mt Bulga for $11m”

Indiana Resources (ASX:IDA) – decision from the ICSID ad hoc Committee concerning the stay of enforcement of the Award against Tanzania

Hydrocarbon Dynamics (ASX:HCD) – capital raising

Savannah Goldfields (ASX:SVG) – capital raising

Riedel Resources (ASX:RIE) – capital raising

Live Verdure (ASX:LV1) – capital raising

Botala Energy (ASX:BTE) – capital raising

 

 

WHAT GOT YOU TALKING YESTERDAY?

First Lithium  may have hit the motherlode:

And spot uranium is now paying US$90/lb. The boom cometh for uranium stocks! Hopefully.

 

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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First Lithium (ASX:FL1) said “significant discovery confirmed!” at Blakala, part of the Gouna project in Mali.

The first three holes included an outstanding 111m intersection @ 1.57% Li2O, including a 10m chunk grading 3.39% Li2O from 33m depth.

Tyre recycler Entyr (ASX:ETR) will sell 100% of its tyre pyrolysis oil, carbon char and recovered carbon black production to global commodities trader Trafigura.

Lodestar (ASX:LSR) completed a copper-gold drilling program at the Earaheedy project, with results due late January.

Godolphin (ASX:GRL) will sell its non-core Lewis Ponds and Mt Bulga projects in NSW for $11m.

GRL went into a trading halt after the ASX asked for more info on the vendor, Minerals Pty Ltd.

MetalsTech (ASX:MTC) says there could be a potential transaction involving its multi-million ounce Sturec gold mine in Slovakia.

It has engaged an advisor to oversee a process involving eight parties from China and another four of Western origin, “with discussions advanced at various stages and ongoing”.

Bastion Minerals (ASX:BMO) will buy a couple of lithium projects in the Gascoyne and Mt Ida regions, both popular addresses following Delta Lithium’s (ASX:DLI) recent exploration success.

And Antipa Minerals (ASX:AZY) has uncovered a new, very large coherent gold and pathfinder anomaly just 10km northeast of Newmont’s giant Telfer gold-copper-silver mine.

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

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Real estate stock PEXA Group (ASX:PXA) plunged after saying its acquisition of UK-based Smoove will add A$16-20m of revenues in 2H24– but reduce operating EBITDA by A$4-6m in the same period.

PEXA flagged weaker-than-expected FY24 revenue to come in between $315 to $325m.

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