On Stockhead today, Dr Boreham’s End-of-Year ASX report card, who’s riding momentum into ’24, and biotechs with catalysts looking to pop.

But first, the day ahead.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,063.53 (+0.51%)

Silver: US$24.38 (+0.91%)

Nickel (3mth): US$16,854/t (+0.64%)

Copper (3mth): US$8,582.50/t (-0.13%)

Oil (WTI): US$73.68 (+0.17%)

Oil (Brent): US$79.30 (+0.32%)

Iron 62pc Fe: US$141/t (+0.11%)

AUD/USD: 0.6806 (+0.15%)

Bitcoin: US$42,659 (-1.99%)

 

WHAT GOT YOU TALKING OVER XMAS?

CNBC’s Jim Cramer has a bit of a rep for his not-always-on-the-money calls. So when he says ‘take profits’ …

 

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

Also, be sure to check in at preopen each day for ‘Market Highlights and 5 ASX Small Caps to Watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

FRIDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Phosphate co Aguia Resources (ASX:AGR) wants to acquire private South American gold hunter Andean Mining and its portfolio of advanced projects in an all share offer.

Far East Capital analyst and AGR/Andean chair Warwick Grigor calls the deal “a game changer”.

“The main asset of Andean, the Santa Barbara gold mine, stands out for the very high-grade gold that will make it one of the lowest cost gold mines in the world,” he says.

Cleaning and security services stock Millennium Group (ASX:MIL) could be acquired by SoftBank Robotics Singapore for $1.15/sh – a big 85% premium to the last closing price.

The MIL board recommends the deal.

Tassie tungsten play Group 6 Metals (ASX:G6M) has overcome processing plant dramas to achieve a new daily ore processing record — 1,000t of high-grade ore over 24 hours — marking a steady climb towards nameplate production capacity.

The company will also get a $14.1m R&D tax refund in January.

A2B (ASX:A2B) will declare a 60c/sh divvy – above previous guidance — after raising $105m via the sale of some properties.

The board have also given the thumbs up to a $1.45/sh acquisition of A2B by shareholder ComfortDelGro Corporation. This cash offer is on top of the 60c divvy.

 

FRIDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

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Redcastle Resources (ASX:RC1) reported a handful of high grade but thin (~1m) gold intercepts from the historical Queen Alexandra prospect, part of its namesake project in WA.

High cost lithium miner Core (ASX:CXO) says plummeting spodumene prices have prompted the dreaded “strategic review” of operations at the Finniss project in the NT.

“The price of spodumene concentrate has declined more than 80% year to date, including by more than 40% since the end of October 2023,” it says.

“The review will prioritise preserving business value and future options.

“Given the difficulties associated with mining and construction in the wet season and the focus on reducing expenditure, BP33 [underground mine] early works have been suspended.”

READ: Lithium players survive contagion in Core fallout 

 

TRADING HALTS

Orion Equities (ASX:OEQ) – company’s entitlement to a royalty on production from the Paulsens East iron ore project owned by Strike Resources (ASX:SRK)

Strike Resources (ASX:SRK) – corporate transaction over Paulsens East iron ore project and Apurimac iron ore project

European Lithium (ASX:EUR) – effectiveness of the NASDAQ merger transaction

Novatti (ASX:NOV) – capital raising

Aurumin (ASX:AUN) – transaction with Beacon Minerals involving the sale Mt Dimer mining tenements, and transactions associated with the Convertible Note

Black Mountain Energy (ASX:BME) – application to be removed from the official list of the ASX