On Stockhead today, Guy Le Page’s goldie picks for the coming rotation, Chris Brycki’s problems with thematic ETFs, and the ASX’s most shorted stocks in April.

But first, the day ahead.

Today, Roy Morgan and ANZ release the weekly consumer sentiment index, which hit a 20-month low ahead of the RBA’s interest rate hike on May 3.

Commonwealth Bank (ASX:CBA) releases the Household Spending Indicator and National Australia Bank (ASX:NAB) issues the April business survey.

Business confidence stands at a five-month high with business conditions at nine-month highs, CommSec says.

Meanwhile, the Australian Bureau of Stats releases its final estimates for retail trade in March and the March quarter as well as the monthly business turnover indicator – a broader measure of spending.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the coming days:

Broo (ASX:BEE) – company restructure

AUB Group (ASX:AUB) – institutional component of the accelerated entitlement offer

Wellfully (ASX:WFL) – capital raise

Galileo Mining (ASX:GAL ) –
results from recent drilling at the company’s Norseman Project

 

MARKETS (updated at 8am AEDT)

Gold: $US1,853.60 (-1.56%)

Silver: $US21.80 (-2.42%)

Nickel (3mth): $US30,020/t (-1.08%)

Copper (3mth): $US9,424.00/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): $US102.83 (-6.32%)

Oil (Brent): $US105.35 (-6.19%)

Iron 62pc Fe: $US133.31 (-2.63%)

AUD/USD: $US0.6952 (-0.5%)

Bitcoin: $US30,822 (-9.27%)

 

WHAT GOT YOU TALKING YESTERDAY?

PURE DRAMA.

Chinese firm Zijin Mining has reportedly pounced on a 15% stake in the world class ‘Manono’ lithium project in the DRC, which could push AVZ’s (ASX:AVZ) holding down to ~36%.

“If the transfer is completed, the stake held by AVZ in Dathcom [Manono holding company] will drop to 36%, and AVZ will no longer have an absolute controlling interest in Dathcom,” Zijin says.

Take that with a grain of salt, but it sounds like this one could go to the courts.

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

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
YPB YPB Group Ltd 0.0015 50% 5,371,879
PTX Prescient Ltd 0.1650 32% 11,229,531
LNY Laneway Res Ltd 0.0050 25% 850,000
NZS New Zealand Coastal 0.0050 25% 100,000
SFG Seafarms Group Ltd 0.0170 21% 5,370,312
ODM Odin Metals Limited 0.0200 18% 325,435
XST Xstate Resources 0.0035 17% 6,425,220
MDI Middle Island Res 0.1500 15% 2,946,560
EMU EMU NL 0.0150 15% 1,258,608
BRN Brainchip Ltd 1.2200 15% 37,976,726
DCX Discovex Res Ltd 0.0080 14% 25,505,427
MEB Medibio Limited 0.0040 14% 250,247
POW Protean Energy Ltd 0.0080 14% 2,595,815
SHE Stonehorse Energy Lt 0.0170 13% 2,520,653
EAX Energy Action Ltd 0.1800 13% 20,000
AJQ Armour Energy Ltd 0.0090 13% 1,308,894
CFO Cfoam Limited 0.0090 13% 444,444
AYT Austin Metals Ltd 0.0190 12% 9,424,821
RRR Revolverresources 0.3500 11% 114,916
CNB Carnaby Resource Ltd 1.2400 10% 2,048,129
PNX PNX Metals Limited 0.0055 10% 1,900,000
TMX Terrain Minerals 0.0110 10% 3,819,192
1VG Victory Goldfields 0.1700 10% 31,250
ABE Ausbondexchange 0.4100 9% 200
HVM Happy Valley 0.0600 9% 81,333
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Prescient Therapeutics (ASX:PTX) announced its Phase 1b clinical trial of PTX-200 and cytarabine in patients with relapsed acute myeloid leukemia (AML) will expand the cohort at 45 mg/m² PTX-200 following another complete remission and no dose limiting toxicities at this dose level.

Bet you didn’t see that one coming.

The Discovex Resources (ASX:DCX) and Carnaby Resources (ASX:CNB) ‘Greater Duchess’ JV announced a “stunning drill result” of 68m at 2.4% copper and 0.4g/t gold from 40m.

CNB says wide, high grade and very shallow copper gold mineralisation at the Lady Fanny prospect now been intersected over a core zone of over 300m strike length which remains strongly open.

EMU (ASX:EMU) was up very nicely after non exec director Tim Staermose picked up $14,000 worth of shares on market.

Tim is an ex-broker and stock picker, notably having worked at Lehman Bros in the early 2000s before it went to poo.

The WA explorer has four main projects: ‘Badja’ (gold, tungsten), ‘Graceland’ (nickel, copper, PGEs), Viper (nickel, copper), and ‘Sunfire’ (nickel, copper).

Seafarms Group (ASX:SFG)  recouped some of Friday’s bleeding as the battle for its future intensifies now that the ‘SeaDragon’ aquaculture project is under a mighty cloud.

Todd River Resources (ASX:TRT) is also trading sharply higher on no news. TRT has a handful of projects, the most interesting right now being its copper-nickel-PGE ground near Chalice Mining’s (ASX:CHN) Julimar called ‘Berkshire Valley’.

Early drill results have been mixed so far, but TRT reckons there is something big lurking. A bunch of drilling results are expected within the next month.

 

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
IPTRA Impact Minerals - Rights 13-May-22 0.001 -50% 13,266,739
BOC Bougainville Copper 0.48 -24% 192,851
GFN Gefen Int 0.19 -24% 73,800
HIO Hawsons Iron Ltd 0.505 -22% 16,105,863
EQS Equitystorygroupltd 0.11 -21% 133,162
OAU Ora Gold Limited 0.011 -21% 1,751,433
TKM Trek Metals Ltd 0.072 -21% 1,579,597
DMM Dmcmininglimited 0.14 -20% 21,656
GME GME Resources Ltd 0.1 -20% 214,258
IVZ Invictus Energy Ltd 0.22 -20% 13,267,252
AOA Ausmon Resorces 0.008 -20% 14,649,866
CWX Carawine Resources 0.17 -19% 179,155
AVE Avecho Biotech Ltd 0.018 -18% 5,224,454
CST Castile Resources 0.185 -18% 544,700
PNN PepinNini Minerals 0.555 -18% 1,623,877
LEL Lithenergy 1.33 -17% 976,170
SRK Strike Resources 0.175 -17% 2,089,268
AQX Alice Queen Ltd 0.005 -17% 5,524,922
CLE Cyclone Metals 0.005 -17% 49,060,778
CT1 Constellation Tech 0.005 -17% 3,750,766
LCT Living Cell Tech. 0.005 -17% 356,986
PCL Pancontinental Energ 0.01 -17% 14,415,191
XTC Xantippe Res Ltd 0.01 -17% 62,062,308
CRR Critical Resources 0.076 -16% 30,689,779
KWR Kingwest Resources 0.13 -16% 1,058,092
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