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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, how Twiggy spends his money, Guy Le Page finds a burst of energy, and the easy way to invest in carbon credits.
But first, the day ahead.
WHO’S LISTING?
Bellavista Resources (ASX:BVR)
Listing: 25 May
IPO: $6.5m at $0.20
The explorer is targeting large, high-grade base metal and battery mineral deposits in Western Australia.
The company has a large and highly prospective tenement package that covers approximately 100km of strike of the northern margin of the highly prospective Edmund Basin.
The projects include Brumby Deposit, Vernon Base Metals, Vernon Nickel-PGE and Gorge Creek which are highly prospective for zinc, copper, silver, PGE and uranium deposits.
TRADING HALTS
Pushpay Holdings (NZSX:PPH, ASX:PPH) – PPH advises it “has received unsolicited, non-binding and conditional expressions of interest or approaches from third parties looking to acquire the Company”
Chalice Mining Limited (ASX:CHN) – capital raising
Moho Resources (ASX:MOH) – capital raising
Newfield Resources (ASX: NWF) – results of the sale of the first diamonds from its Tondo Diamond Project
MARKETS
Gold: $US1,855.80 (+0.14%)
Silver: $US21.84 (+0.32%)
Nickel (3mth): $US26,550/t (-5.09%)
Copper (3mth): $US9,448.00/t (+0.25%)
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): $US109.78 (-0.46%)
Oil (Brent): $US112.92 (-0.44%)
Iron 62pc Fe: $US132 (+4.76%)
AUD/USD: $US0.7074 (-0.49%)
Bitcoin: $US29,295.50 (-3.85%)
WHAT GOT YOU TALKING YESTERDAY?
The uranium revival is underway, with market sentiment the most positive it’s been since the 2011 Fukushima disaster.
John’s loving it:
Your Comprehensive #ASX #Uranium #Stocks Guide 📖presented by @StockheadAU🇦🇺⚛️⛏️ A global pivot to #CleanEnergy has put #Nuclear power back in the spotlight🌞 with #EnergySecurity driving U demand even higher.⤴️🤠🐂 #investing #mining #Australia #NetZero🏄 https://t.co/wxVYvZ95KD
— John Quakes (@quakes99) May 24, 2022
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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.
TODAY’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 |
|---|---|---|---|---|
| JAV | Javelin Minerals Ltd | 0.0015 | 50% | 1,551,290 |
| SOV | Sovereign Cloud Hldg | 0.34 | 31% | 153,281 |
| COY | Coppermoly Limited | 0.01 | 25% | 322,900 |
| LNY | Laneway Res Ltd | 0.005 | 25% | 1,168,937 |
| EDE | Eden Inv Ltd | 0.011 | 22% | 766,858 |
| VEE | Veem Ltd | 0.69 | 22% | 78,093 |
| KCC | Kincora Copper | 0.085 | 21% | 73,612 |
| IAM | Income Asset | 0.18 | 20% | 42,621 |
| CT1 | Constellation Tech | 0.006 | 20% | 75,660 |
| LIN | Lindian Resources | 0.038 | 19% | 3,477,129 |
| AU1 | The Agency Group Aus | 0.046 | 18% | 510,329 |
| PGM | Platina Resources | 0.04 | 18% | 482,774 |
| AMD | Arrow Minerals | 0.0035 | 17% | 571,262 |
| CTO | Citigold Corp Ltd | 0.007 | 17% | 1,000,001 |
| DXN | DXN Limited | 0.007 | 17% | 645,000 |
| PPH | Pushpay Holdings Ltd | 1.29 | 15% | 1,237,830 |
| RAS | Ragusa Minerals Ltd | 0.115 | 15% | 12,472,665 |
| ADY | Admiralty Resources. | 0.016 | 14% | 5,005,237 |
| OAR | OAR Resources Ltd | 0.008 | 14% | 5,997,641 |
| BIR | BIR Financial Ltd | 0.025 | 14% | 366,895 |
| CLT | Cellnet Group | 0.034 | 13% | 135,446 |
| GTR | Gti Resources | 0.017 | 13% | 1,166,978 |
| FIN | FIN Resources Ltd | 0.027 | 13% | 1,122,821 |
| NZS | New Zealand Coastal | 0.0045 | 13% | 192,544 |
| WRK | Wrkr Ltd | 0.018 | 13% | 618,732 |
Income Asset Management Group (ASX:IAM) had a day out after securing a mandate to provide execution services for $160 million in bond holdings for a large Not-For-Profit organisation.
The group says this increases its assets under administration by 24% to over $800 million. Shareholders like that sort of stuff.
Ragusa Minerals (ASX: RAS) was up about 30% on no clean headlines.
It means the northern explorer is now up well over 50% since announcing a lithium acquisition on Monday. The 570sqkm of ground in the ‘Litchfield’ pegmatite belt in the Territory complements an acquisition from back in Middle March.
RAS says it intends to start exploration works to target outcropping pegmatite rocks (main source of lithium) identified from prior exploration, to develop a more comprehensive exploration program.
TODAY’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 |
|---|---|---|---|---|
| OLY | Olympio Metals Ltd | 0.19 | -96% | 1,350,467 |
| TAH | TABCORP Holdings Ltd | 1.01 | -81% | 132,538,773 |
| IR1 | Irismetals | 0.385 | -39% | 668,435 |
| BPH | BPH Energy Ltd | 0.024 | -35% | 29,588,576 |
| TSC | Twenty Seven Co. Ltd | 0.003 | -25% | 3,950,000 |
| ARC | ARC Funds Limited | 0.52 | -20% | 5,145 |
| ALM | Alma Metals Ltd | 0.016 | -20% | 121,250 |
| AO1 | Assetowl Limited | 0.002 | -20% | 150 |
| CTV | Colortv Limited | 0.008 | -20% | 155,904 |
| SBR | Sabre Resources | 0.004 | -20% | 1,235,000 |
| VPR | Volt Power Group | 0.002 | -20% | 60,964,142 |
| PLG | Pearlgullironlimited | 0.037 | -20% | 2,071,697 |
| DAF | Discovery Alaska Ltd | 0.067 | -19% | 1,927,016 |
| 3MF | 3D Metalforge | 0.021 | -19% | 387,751 |
| IMB | Intelligent Monitor | 0.135 | -18% | 252,541 |
| DMC | Design Milk Co Ltd | 0.3 | -17% | 40,000 |
| PYR | Payright Limited | 0.16 | -16% | 30,000 |
| AAP | Australian Agri Ltd | 0.022 | -15% | 259,387 |
| RVS | Revasum | 0.39 | -15% | 318,329 |
| DM1 | Desert Metals | 0.28 | -15% | 164,820 |
| NUF | Nufarm Limited | 5 | -14% | 16,823,786 |
| AYM | Australia United Min | 0.006 | -14% | 190,000 |
| ESH | Esports Mogul Ltd | 0.003 | -14% | 2,537,505 |
| UUL | Ultima Utd Ltd | 0.073 | -14% | 406,810 |
| SYA | Sayona Mining Ltd | 0.2025 | -14% | 138,592,984 |
Tabcorp Holdings (ASX:TAH) is splitting the bets on its lucrative Lotteries and Keno business into The Lottery Corporation (ASX:TLC), which raked in massive EBITDA of $611m in FY21.
Down some 85%, now TAH is worth about a dollar. Any bets on that?
Have a great day.
