On Stockhead today, a punter’s guide to clay rare earths, three contrarian biotech picks in a time of volatility, and how to become a day trader.
But first, the day ahead.

The week kicks off with a speech by the Reserve Bank Assistant Governor (Financial Markets) Christopher Kent at the KangaNews DCM Summit 2022.

In economic data, the Aussie Bureau of Statistics (ABS) releases the household spending indicator – a measure of spending using banks transaction data.

Those, and a whole bunch of other local and global data drops and events, are here in our Trader’s Diary.

 

TRADING HALTS

The following companies are in a trading halt and are expected to exit with news in the coming days:

Openpay Group Ltd (ASX:OPY) – capital raising

Australian Mines (ASX:AUZ)  – capital raising

Ragusa Minerals (ASX: RAS) – project acquisition

Locality Planning Energy (ASX:LPE) – change in Queensland wholesale electricity market conditions

Desert Metals (ASX:DM1) – exploration results

Aston Minerals (ASX:ASO) – metallurgical update for the Edleston Project

BikeExchange (ASX:BEX) – trading halt, pending the expected release of an announcement relating to a proposed material equity capital raise

Invictus Energy (ASX:IVZ; OTC:IVCTF) – trading halt, pending an update in relation to a capital raising

Sustainable Nutrition Group (ASX:TSN) – termination of key customer supply agreement

Wiluna Mining Corp (ASX:WMC) – recapitalisation proposal

BPH Energy (ASX:BPH) – farm out agreement, hydrogen technology  transaction

AVZ Minerals (ASX:AVZ) – an announcement in relation to its mining and exploration rights for the Manono lithium and tin project

 

MARKETS

Gold: $US1,846.51 (+0.26%)

Silver: $US21.749 (-0.66%)

Nickel (3mth): $US26,159/t (-0.9%)

Copper (3mth): $US9,235.00/t (-1.4%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, May 19): $US68,850/t (+0.1% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 19): $US70,625/t (-0.2% weekly)

Oil (WTI): $US110.280 (+0.35%)

Oil (Brent): $US112.91 (+0.78%)

Iron 62pc Fe: $US126 (+2.44%)

AUD/USD: $US0.7037 (-0.1675%)

Bitcoin: $US30,159.40 (+2.55%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

“Coming up is Nirvana.”

 

Good question.

 

To keep up to date with Stockhead coverage, follow our Twitter page.

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.

 

LAST WEEK’S ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for May 16 – 20:

Swipe or scroll to reveal full table. Click headings to sort:

Galileo Mining (ASX:GAL) easily punched through the $1/share mark this week.

Investors love a good discovery story, especially when it is validated by a $1.75m on-market share purchase from major shareholder and living legend Mark Creasy.

Special mention goes to the Mt Thirsty Joint Venture (50% Conico (ASX:CNJ); 50% Greenstone Resources (ASX:GSR), which is right next door.

Meanwhile, Besra Gold’s (ASX:BEZ) substantial 3.3Moz ‘Bau’ gold project in Malaysia also includes an additional 4.9Moz – 9.3Moz exploration target. Converting a decent portion of that target into resources could turn Bau into a certified monster.

18 holes have now been successfully completed at the ‘Jugan’ prospect with assays for seven holes reported to date and a further 11 holes pending release.

These are anticipated “to be received progressively from the end of this week”, BEZ says.

Mid-tier miner OZ Minerals (ASX:OZL) could pay Havilah Resources (ASX:HAV) up to $405m for the 1.1Mt copper, 3.1Moz gold, and 23,200t cobalt ‘Kalkaroo’ project in South Australia. The companies will also form a $9m regional exploration alliance.

$85m capped HAV gained 68% for the week.

And Woolworths (ASX:WOW) is looking to acquire an 80% controlling interest in online retail marketplace MyDeal (ASX:MYD), which will be delisted from the ASX if the transaction goes through.

The all-cash consideration of $1.05 per share represents a significant premium of 62.8% to the last closing price.

 

LAST WEEK’S ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for May 16 – 20:

Swipe or scroll to reveal full table. Click headings to sort: