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On Stockhead today, why Dave Flanagan thinks Guinea will be the next Pilbara, plastic that eats itself, and small caps acquisitions are the best acquisitions.

But first, the day ahead.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,203.03/oz (-0.79%)

Silver: US$25.45/oz (-0.62%)

Nickel (3mth): US$17,395/t (-2.67%)

Copper (3mth): US$8,976.50/t (-1.24%)

Oil (WTI): US$81.08 (-0.23%)

Oil (Brent): US$85.70 (-0.29%)

Iron 62pc Fe: US$108.50/t (0%)

AUD/USD: 0.6606 (+0.32%)

Bitcoin: US$66,839 (-0.23%)

 

TRADING HALTS

These stocks went into trading halts yesterday and are expected out in the coming days:

Gratifii (ASX:GTI) – capital raise

Electro Optic Systems (ASX:EOS) – capital raise

Pioneer Credit (ASX:PNC) – share placement to fund the acquisition of additional Purchased Debt Portfolios

ChemX Materials (ASX:CMX) – capital raise

Warriedar Resources (ASX:WA8)  – capital raise

Sunshine Metals (ASX:SHN) – capital raise

Power Minerals (ASX:PNN) – capital raise and acquisition

 

WHAT GOT YOU TALKING YESTERDAY?

Gold stocks came to life as prices punched through another record high.

The All Gold index (XGD) added almost 4% as the major gold producers Evolution (4.5%), Northern Star (2.3%) and Newmont (up 3.6%) led the major winners.

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Also, be sure to check Stockhead 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 SMALL CAP LEADERS

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Australian Strategic Materials (ASX:ASM) received a non-binding Letter of Interest from the Export-Import Bank of the United States for debt funding up to US$600m (A$923m) to build the Dubbo rare earths and critical minerals project.

It follows Export Finance Australia’s previous conditional finance support of A$200 million debt funding.

Ausmon Resources (ASX:AOA)  returned “very encouraging” rare earths drill results from the Parrakie exploration license in South Australia.

Eastern Resources (ASX:EFE)  returned several high grade lithium hits from drilling at its Lepidolite Hill project, including a highlight 11m at 2.27% Li2O from 49m (incl. 5m at 3.87% Li2O).

Indo coal stock Cokal (ASX:CKA) secured a 12-month revenue stream by chartering barges to “ensure continuous delivery” of its coal to market.

 

YESTERDAY’S SMALL CAP LAGGARDS

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