On Stockhead today, is that a PERFECT LITHIUM STORM on the horizon? Three remarkable companies, according to Emanuel Datt, and there’s no better time to open Australia’s newest gold mine.
But first the day ahead.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,158.60/oz (-0.03%)
Silver: US$24.21/oz (+0.16%)
Nickel (3mth): US$18,377/t (+2.03%)
Copper (3mth): US$8,653.00/t (+0.86%)
Oil (WTI): US$77.84 (+0.36%)
Oil (Brent): US$82.24 (+0.41%)
Iron 62pc Fe: US$111.00/t (+0.45%)
AUD/USD: 0.6612 (+0.09%)
Bitcoin: US$73,599 (+3.54%)
TRADING HALTS
These stocks went into trading halts yesterday and are expected out in the coming days:
Arafura Rare Earths (ASX:ARU) – debt financing support
Calidus Resources (ASX: CAI) –restructure of the company’s debt and hedge book
Singular Health Group (ASX: SHG) – capital raising
PSC Insurance Group (ASX: PSI) – media speculation in relation to potential takeover approaches for the company
QANTM Intellectual Property (ASX: QIP) – material transaction
Mayur Resources (ASX: MRL) – capital raising
Syrah Resources (ASX: SYR) – equity raising
Noronex (ASX: NRX) – capital raising and tenement acquisition
Magnetic Resources (ASX: MAU) – material capital raising
Theta Gold Mines (ASX: TGM) – information received from South Africa with regards to the environmental permitting for Mining Right (MR)83.
WHAT GOT YOU TALKING YESTERDAY?
In decades trading gold mines as a corporate advisor, Argonaut PCF vice chairman Liam Twigger has never seen the gulf between gold prices and equities “so wide”.
That will give rise to more takeovers and mergers as bigger companies look to use scrip to boost scale and engulf undercapitalised juniors.
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 10.40am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S ASX SMALL CAP LEADERS
Here are Wednesday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| LBT | LBT Innovations | 0.028 | 100% | 145,689,207 | $17,651,426 |
| SIH | Sihayo Gold Limited | 0.0015 | 50% | 499,999 | $12,204,256 |
| VAL | Valor Resources Ltd | 0.003 | 50% | 813,286 | $9,178,027 |
| SEN | Senetas Corporation | 0.024 | 41% | 2,065,254 | $26,711,817 |
| DVL | Dorsavi Ltd | 0.018 | 38% | 779,767 | $7,756,601 |
| SFG | Seafarms Group Ltd | 0.004 | 33% | 145,500 | $14,509,798 |
| IS3 | I Synergy Group Ltd | 0.013 | 30% | 114,459 | $3,040,804 |
| ASP | Aspermont Limited | 0.009 | 29% | 366,000 | $17,189,443 |
| GRV | Greenvale Energy Ltd | 0.09 | 29% | 289,367 | $30,814,726 |
| LRL | Labyrinth Resources | 0.005 | 25% | 4,219,387 | $4,750,175 |
| KNG | Kingsland Minerals | 0.26 | 21% | 815,928 | $10,648,779 |
| 88E | 88 Energy Ltd | 0.006 | 20% | 14,274,131 | $125,620,313 |
| PNX | PNX Metals Limited | 0.006 | 20% | 5,559,062 | $26,903,124 |
| AQC | Auspaccoal Ltd | 0.08 | 18% | 3,774,644 | $34,881,796 |
| 1MC | Morella Corporation | 0.0035 | 17% | 1,526,633 | $18,536,398 |
| NRZ | Neurizer Ltd | 0.0035 | 17% | 13,661,349 | $4,504,232 |
| SRZ | Stellar Resources | 0.014 | 17% | 5,723,996 | $17,235,397 |
| EQS | Equitystorygroupltd | 0.029 | 16% | 53,965 | $1,065,370 |
| NIS | Nickelsearch | 0.03 | 15% | 4,922,918 | $5,552,104 |
| HMD | Heramed Limited | 0.023 | 15% | 911,410 | $7,064,996 |
| SGQ | St George Min Ltd | 0.023 | 15% | 2,101,003 | $19,770,809 |
| KNI | Kunikolimited | 0.27 | 15% | 380,018 | $20,314,403 |
| COD | Coda Minerals Ltd | 0.11 | 15% | 36,975 | $13,667,652 |
| HOR | Horseshoe Metals Ltd | 0.008 | 14% | 70,000 | $4,525,351 |
| PAA | Pharmaust Limited | 0.36 | 14% | 1,386,059 | $123,035,355 |
LBT Innovations (ASX:LBT) – which provides AI solutions to microbiology labs — successfully completes primary validation for its APAS PharmaQC product, “the final step in product development and technology commercialisation”.
Newly signed land access agreements (LAA) allow NickelSearch (ASX:NIS) to plan its first lithium drill program at the Carlingup project, where early surface exploration shows “compelling evidence” of a large scale LCT pegmatite system.
Long time dorsaVi (ASX:DVL) director Ashraf Attia has retired, with Gernot Abl – currently on the board of Lithium Universe (ASX:LU7 and Live Verdure (ASX:LV1)) — set to take his place.
In less than 12 months Kingsland Minerals (ASX:KNG) has delineated the largest graphite deposit in Australia and also one of the largest in the world.
The 14.2Mt resource at Leliyn in the Northern Territory is based on only 4km of the 20km outcropping graphitic schist.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are Wednesday’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CPM | Coopermetalslimited | 0.14 | -49% | 6,554,211 | $21,547,804 |
| SKN | Skin Elements Ltd | 0.003 | -40% | 2,500,000 | $2,947,430 |
| OSX | Osteopore Limited | 0.33 | -37% | 129,362 | $5,370,918 |
| ADS | Adslot Ltd. | 0.002 | -33% | 102,100 | $9,673,487 |
| FAU | First Au Ltd | 0.002 | -33% | 52,575,146 | $4,985,980 |
| PUA | Peak Minerals Ltd | 0.002 | -33% | 25,000 | $3,124,130 |
| NTM | Nt Minerals Limited | 0.005 | -29% | 250,000 | $6,019,320 |
| AVE | Avecho Biotech Ltd | 0.003 | -25% | 5,183,482 | $12,677,188 |
| CTO | Citigold Corp Ltd | 0.003 | -25% | 829,523 | $12,000,000 |
| HCD | Hydrocarbon Dynamic | 0.003 | -25% | 28,692 | $3,234,329 |
| MIOR | Macarthur Minerals - Rights 15-Mar-24 | 0.003 | -25% | 1 | $133,003 |
| RMI | Resource Mining Corp | 0.028 | -24% | 5,292,071 | $21,916,869 |
| AMD | Arrow Minerals | 0.0055 | -21% | 42,172,952 | $53,086,356 |
| ALV | Alvomin | 0.1 | -20% | 87,783 | $11,641,289 |
| ECT | Env Clean Tech Ltd. | 0.004 | -20% | 852,821 | $14,321,552 |
| EDE | Eden Inv Ltd | 0.002 | -20% | 706,717 | $9,195,678 |
| MCT | Metalicity Limited | 0.002 | -20% | 858,589 | $11,212,634 |
| RMX | Red Mount Min Ltd | 0.002 | -20% | 24,795,597 | $6,683,940 |
| ROG | Red Sky Energy. | 0.004 | -20% | 504,439 | $27,111,136 |
| WHK | Whitehawk Limited | 0.025 | -17% | 17,781,959 | $13,252,788 |
| CNJ | Conico Ltd | 0.0025 | -17% | 373,011 | $4,710,285 |
| MHC | Manhattan Corp Ltd | 0.0025 | -17% | 299,500 | $8,810,939 |
| PNM | Pacific Nickel Mines | 0.04 | -17% | 386,988 | $20,076,149 |
| RGS | Regeneus Ltd | 0.005 | -17% | 220,000 | $1,838,621 |
| JAL | Jameson Resources | 0.026 | -16% | 225,587 | $13,507,733 |
Explorer Cooper Metals (ASX:CPM) says diamond drilling at the Brumby Ridge copper-gold prospect is not hitting the thick intercepts of copper mineralisation found in previous drilling.
“At this early stage of follow-up drilling, the implications for the size and grade potential of Brumby Ridge is not yet well understood, requiring more drill holes to determine its potential,” managing director Ian Warland says.
Medtech battler Osteopore (ASX:OSX) is raising $3m at a ludicrous 94.42% discount to last closing price.
How does that even happen? A poorly timed 15:1 consolidation, amongst other things.
“Despite the recent share consolidation exercise for reasons which were valid at that time, since then there has been further review of the company’s position and ability to raise additional funds, and in light of this the Board considers the raising is nonetheless required and urgent,” exec chairman Mark Leong says.
Meanwhile, iron ore hopeful Arrow Minerals (ASX:AMD) raised $10m at a 28.6% discount to the last traded price.