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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, five reasons why the new mining boom can keep booming, African graphite’s time has come, and what does BP’s rumoured hydrogen move actually mean?
But first, the day ahead.
Today, the Housing Industry Association (HIA) is scheduled to release data on new home sales for April.
TRADING HALTS
The following companies are in trading halts or suspension and are expected out in the next few days:
Step One Clothing Limited (ASX: STP) – results guidance for the year ending 30 June 2022
Talon Energy Ltd (ASX:TPD) – preliminary drilling results from the Walyering-6 well in the Perth Basin, from the project’s Operator, Strike Energy
Tyranna Resources (ASX:TYL) – proposed capital raising and project acquisition
Broo (ASX:BEE) – company restructure
AVZ Minerals (ASX:AVZ) – an announcement in relation to its mining and exploration rights for the Manono lithium and tin project
Wiluna Mining Corp (ASX:WMC) – capital raising
MARKETS
Gold: $US1,848.24 (-0.22%)
Silver: $US21.29 (-1.23%)
Nickel (3mth): $US28,000/t (+0.7%)
Copper (3mth): $US8,957.50/t (-3.49%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, May 12): $US72,175/t (-3.3% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 12): $US72,775/t (-1.7% weekly)
Oil (WTI): $US103.21 (-2.36%)
Oil (Brent): $US105.22 (-2.15%)
Iron 62pc Fe: $US127 (+3.25%)
AUD/USD: $US0.6875 (-0.98%)
Bitcoin: $US27,640.30(-4.65%)
WHAT GOT YOU TALKING YESTERDAY?
A very astute observation from veteran analyst and stock picker Gavin Wendt. Aussie gold miners are sitting pretty.
The strength in the US$ at 20-year highs is helping to distort the underlying health of commodity markets, if you look only at US$ prices. Gold is a good example – the reference price is typically US$ – but in the context of the A$ gold price, it’s up over over the past 2 months pic.twitter.com/skBTQnPPi6
— Gavin Wendt (@MineLifeReport) May 12, 2022
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For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
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 |
|---|---|---|---|---|
| CTO | Citigold Corp Ltd | 0.007 | 40% | 1,508,381 |
| ARE | Argonaut Resources | 0.004 | 33% | 466,665 |
| AL3 | Aml3D | 0.078 | 28% | 548,853 |
| CZN | Corazon Ltd | 0.03 | 25% | 2,454,003 |
| CT1 | Constellation Tech | 0.006 | 20% | 5,650,000 |
| MWY | Midway Ltd | 1.03 | 19% | 337,737 |
| CAU | Cronos Australia | 0.285 | 19% | 49,820 |
| IGN | Ignite Ltd | 0.165 | 18% | 112,788 |
| BBL | Brisbane Broncos | 1 | 18% | 16,649 |
| 4DX | 4Dmedical Limited | 0.785 | 17% | 493,002 |
| VAN | Vango Mining Ltd | 0.049 | 17% | 213,123 |
| OEX | Oilex Ltd | 0.0035 | 17% | 150,001 |
| TSC | Twenty Seven Co. Ltd | 0.0035 | 17% | 1,498,757 |
| PHL | Propell Holdings Ltd | 0.063 | 17% | 217,404 |
| AQS | Aquis Ent Ltd | 0.16 | 14% | 312,293 |
| RAS | Ragusa Minerals Ltd | 0.08 | 14% | 447,622 |
| CAG | Caperangeltd | 0.245 | 14% | 70,300 |
| EM1 | Emerge Gaming Ltd | 0.017 | 13% | 1,159,286 |
| APS | Allup Silica Ltd | 0.13 | 13% | 26,633 |
| CI1 | Credit Intelligence | 0.13 | 13% | 138,468 |
| GIB | Gibb River Diamonds | 0.061 | 13% | 20,000 |
| NYR | Nyrada Inc. | 0.175 | 13% | 8,862 |
| ADR | Adherium Ltd | 0.009 | 13% | 1,138,519 |
| BAT | Battery Minerals Ltd | 0.009 | 13% | 2,942,766 |
| ERL | Empire Resources | 0.009 | 13% | 200,000 |
Wood fibre stock Midway (ASX:MWY) will sell its existing 17,000 hectare plantation estate in southwest Victoria for $154.1 million.
Also offloading a key asset is Aquis Entertainment (ASX:AQS), which is selling the Canberra casino for $52m. The sale is conditional on Aquis shareholder approval and ACT casino and liquor licensing regulatory approvals.
Vango Mining (ASX:VAN) didn’t make any announcements yesterday, but shares were up circa 18%.
The advanced explorer’s share price, largely stifled by legal issues, has bounced back in big way after scoring $10m via a new strategic investor in early April.
VAN’s main game is the high grade 1Moz ‘Marymia’ project in WA, where it is focused on growing the resource.
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 | Last | % | Volume |
|---|---|---|---|---|
| AFW | Applyflow Limited | 0.001 | -50% | 29,312,259 |
| HRNR | Horizon Gold Ltd - Rights 13-May-22 | 0.001 | -50% | 50,000 |
| ANL | Amani Gold Ltd | 0.001 | -33% | 29,570,196 |
| KEY | KEY Petroleum | 0.002 | -33% | 250,000 |
| T3D | 333D Limited | 0.002 | -33% | 22,148,156 |
| VMG | VDM Group Limited | 0.001 | -33% | 44,000 |
| X2M | X2M Connect Limited | 0.1 | -26% | 210,000 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 3,641,923 |
| HHI | Health House Int Ltd | 0.018 | -25% | 954,131 |
| M24 | Mamba Exploration | 0.1 | -23% | 82,315 |
| GAL | Galileo Mining Ltd | 0.49 | -23% | 28,814,615 |
| DRA | DRA Global Limited | 2 | -23% | 500 |
| AOA | Ausmon Resorces | 0.007 | -22% | 5,141,894 |
| AUE | Aurumresources | 0.125 | -22% | 87,916 |
| BEX | Bikeexchange Ltd | 0.036 | -20% | 640,130 |
| HMX | Hammer Metals Ltd | 0.068 | -20% | 6,826,879 |
| NZS | New Zealand Coastal | 0.004 | -20% | 7,017,915 |
| NZK | NZK Salmon Ltd | 0.19 | -19% | 171,280 |
| HIQ | Hitiq Limited | 0.059 | -18% | 398,647 |
| SQ2 | Block | 99.9 | -18% | 474,209 |
| SOR | Strategic Elements | 0.17 | -17% | 3,800,737 |
| NNG | Nexion Group | 0.083 | -17% | 341,199 |
| ALU | Altium Limited | 25.2 | -17% | 1,102,879 |
| MMG | Monger Gold Ltd | 0.3 | -17% | 105,402 |
| TPD | Talon Energy Ltd | 0.0075 | -17% | 60,907,232 |
