Good morning everyone, and welcome to Friday, 17 November – a momentous date in American political history when, at the height of the Watergate scandal, US President Richard Milhouse Nixon uttered these famous words.

 

 

For those of you who haven’t watched All the President’s Men, that turned out to be a complete lie.

It would take roughly nine more long, sweaty months for Nixon to finally step down from the presidency, as it became clear that he was about as crooked as a 7c piece, paving the way for Gerald Ford to take the highest office in the United States.

Ford would go on to steer the US into the worst economic recession since the Great Depression, earning himself the reputation as the worst US President until… well, that one.

You know who I mean.

History lessons aside, the purpose of this little page is to prep you for the day ahead, and we’ve got some great stories from the Stockhead trenches to whet your appetite before the market opens.

Those include Josh Chiat revealing MinRes’ plans to take over the lithium universe, and Nadine McGrath’s second bit in her series about pot stocks that are much, much more than pot stocks.

Plus, as always, here’s all the fiddly data and digits to get you up to speed this morning as well.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,981.63 (+1.15%)

Silver: US$23.75 (+.140%)

Nickel (3mth): US$17,421/t (-0.38%)

Copper (3mth): US$8,265.50/t (+0.37%)

Oil (WTI): US$73.15 (-4.57%)

Oil (Brent): US$77.65 (-4.35%)

Iron 62pc Fe: US$129.42/t (+0.13%)

AUD/USD: 0.6471 (-0.64%)

Bitcoin: US$35,992 (-4.40%)

 

WHAT GOT YOU TALKING

Part 1 of Nadine McGrath’s in-depth look at how companies are jostling to position themselves in a pot-stock market set tongues wagging online… and the best bit is that Part 2 is now live on the site as well. Here’s a catch up link to Part 1, if you missed it.

 

 

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Yesterday’s Small Caps highlights were:

Leading the Small Caps winners early in the day was Kula Gold (ASX:KGD), which added another 57% to yesterday’s solid results, off the back of yesterday’s two-banger announcement bundle that told the market that drilling is about to commence at the company’s “substantial” Cobra Lithium Prospect approximately 20km west of the world’s largest hard rock lithium mine, Greenbushes in Western Australia.

Drills are set to spin next week, with Kula revealing that the target strike has been increased to ~3km and up to 500m wide, and that the “initial RC drilling programme is 1,000m but is flexible to extend the programme for a prolonged period based on favourable mineralisation/rock types”.

The drilling programme is also now fully-funded, thanks to the completion of a $650,000 boost from a placement of shares at the issue price of $0.013 per share.

But there was a late charger in the afternoon, after it was announced that Reward Minerals (ASX:RWD) has entered into an exclusivity period with receivers working on behalf of Kalium Lakes (ASX:KLL), advising the market that it looks like a deal’s been struck that will see Reward pick up KLL’s subsidiaries, Kalium Lakes Potash and Kalium Lakes Infrastructure.

Oceana Lithium (ASX:OCN) was also flying high, on fresh news that the company has identified a gaggle of high priority targets at its Monaro lithium project, following successful fieldwork at the James Bay site.

175 rock samples have been submitted to ALS Laboratories in Val-d’Or, Québec for whole-rock analysis, with results due sometime in December – but in the meantime, the company says that the fieldwork revealed “Elevated levels of Rubidium (Rb) and low Potassium (K) to Rubidium ratios coincident with favourable geology and magnetic signatures”, which have helped pinpoint where Oceana is going to point the drills next time around.

And ENRG Elements (ASX:EEL) posted a significant bump on news that the sale of 90% of its Ghanzi West Copper-Silver Project has been completed.

Kavango Resources has emerged as the buyer, snagging 90% of the issued capital of the company’s wholly owned subsidiaries Icon Trading Company and Ashmead Holdings for a cool $2.5 million.

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

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TRADING HALTS

EBOS Group (ASX:EBO) – Halt called in light of media speculation regarding EBOS and its potential interest in Greencross.

Xanadu Mines (ASX:XAM) – Pending announcement of a capital raising.

Verbrec (ASX:VBC) – Pending announcement of a capital raising.

Peninsula Energy (ASX:PEN) – Pending announcement of a capital raising.

Spartan Resources (ASX:SPR) – Pending announcement of a capital raising.

Nagambie Resources (ASX:NAG) – Pending announcement of a capital raising.

Ionic Rare Earths (ASX:IXR) – Pending announcement of a capital raising.

ABx Group (ASX:ABX) – Pending an announcement to the market regarding a material increase in the company’s REE Resource.

Steadfast (ASX:SDF) – Pending announcement of a capital raising.

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