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 |
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 |