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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, who’s winning the race to feed the world, how to spot a potential day trade, and Aussie suppliers toddle into US infant formula market.
But first, the day ahead.
TRADING HALTS
The following companies entered trading halts and are expected to exit in the coming days.
Yancoal Australia (ASX:YAL) – trading halt, pending an announcement relating to a potential material transaction
Crowd Media (ASX:CM8) – trading halt, pending an announcement regarding a capital raising
Predictive Discovery Limited (ASX:PDI) – trading halt, pending an announcement regarding a capital raising
Living Cell Technologies (ASX:LCT) – equity raising to be undertaken by way of an institutional placement
Alkane Resources (ASX:ALK) – initial mineral resource for the Boda project
Southern Cross Gold (ASX:SXG) – material exploration results at the Sunday Creek Project
MARKETS
Gold: $US1,852.97 (+0.16%)
Silver: $US22.060 (+0.32%)
Nickel (3mth): $US28,150/t (+0.9%)
Copper (3mth): $US9,390.00/t (-0.9%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, May 25): $US68,450/t (0.0% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 25): $US70,000/t (-0.1% weekly)
Oil (WTI): $US115.070 (+0.86%)
Oil (Brent): $US119.43 (+1.73%)
Iron 62pc Fe: $US133.50 (+2.69%)
AUD/USD: $US0.7169 (+0.87%)
Bitcoin: $US29,010.60 (+0.95%)
WHAT GOT YOU TALKING OVER THE WEEKEND?
Supply chain issues/curtailed production capabilities has the world’s #2 carmaker by volume, Volkswagen, well down on 2021 numbers.
Interestingly, amidst this sea of red, Lamborghini and Bentley numbers are up by 7%.
How about these numbers!? As bad as I‘ve seen it – globally.#Volkswagen @kittysquiddy @DrastikThomas pic.twitter.com/3LeJo7n01g
— Alexander Stahel 🇺🇦 (@BurggrabenH) May 28, 2022
And with with battery raw materials supply so tight, it is hard to imagine car supply increasing substantially as the EU moves to ban new petrol and diesel car sales from 2035.
The demand for battery metals is expected to surge as the EU moves to ban new petrol and diesel car sales from 2035. Read more here https://t.co/6HCf0XNBK7 $GLN #lithium #criticalminerals #ev
— Galan Lithium Limited (@GalanLithium) May 27, 2022
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 23 – 27:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| RAS | Ragusa Minerals Ltd | 0.19 | 138% | $17,592,096.20 |
| VMG | VDM Group Limited | 0.002 | 100% | $13,855,321.90 |
| OKU | Oklo Resources Ltd | 0.1425 | 78% | $38,341,732.40 |
| BEZ | Besragoldinc | 0.089 | 78% | $14,950,946.52 |
| IVO | Invigor Group Ltd | 0.055 | 77% | $5,361,995.31 |
| DAF | Discovery Alaska Ltd | 0.076 | 69% | $15,849,663.56 |
| LIN | Lindian Resources | 0.053 | 61% | $30,935,317.57 |
| RMI | Resource Mining Corp | 0.145 | 58% | $54,765,865.40 |
| MYD | Mydeal.Com.Au | 1.0125 | 57% | $261,415,579.06 |
| VEE | Veem Ltd | 0.705 | 57% | $88,217,643.80 |
| GAL | Galileo Mining Ltd | 1.68 | 56% | $237,456,979.05 |
| BBX | BBX Minerals Ltd | 0.13 | 44% | $52,902,469.63 |
| APS | Allup Silica Ltd | 0.18 | 44% | $6,854,638.69 |
| RFX | Redflow Limited | 0.052 | 41% | $67,603,036.47 |
| OMX | Orangeminerals | 0.14 | 40% | $5,770,800.00 |
| ILA | Island Pharma | 0.2 | 38% | $8,433,033.96 |
| MNB | Minbos Resources Ltd | 0.17 | 36% | $76,220,395.07 |
| XRG | Xreality Group Ltd | 0.047 | 34% | $16,169,786.59 |
| NC1 | Nicoresourceslimited | 1.39 | 34% | $108,626,252.49 |
| ALT | Analytica Limited | 0.002 | 33% | $4,613,801.13 |
| AVR | Anteris Technologies | 20.19 | 32% | $271,962,622.80 |
| TLM | Talisman Mining | 0.19 | 31% | $32,854,411.98 |
| XTE | Xtek Limited | 0.415 | 30% | $32,198,478.08 |
| B4P | Beforepay Group | 0.53 | 29% | $18,784,801.40 |
| PUR | Pursuit Minerals | 0.023 | 28% | $20,802,082.27 |
| PSL | Paterson Resources | 0.028 | 27% | $9,499,240.88 |
| OBM | Ora Banda Mining Ltd | 0.042 | 27% | $50,837,530.21 |
| MGL | Magontec Limited | 0.425 | 27% | $31,458,976.10 |
| TER | Terracom Ltd | 0.77 | 26% | $550,133,569.90 |
| KCC | Kincora Copper | 0.093 | 26% | $7,323,561.90 |
| QEM | QEM Limited | 0.245 | 26% | $26,758,635.64 |
| CPM | Coopermetalslimited | 0.54 | 26% | $13,780,200.00 |
| KFM | Kingfisher Mining | 0.27 | 26% | $9,246,150.27 |
| GED | Golden Deeps | 0.02 | 25% | $20,792,868.23 |
| KEY | KEY Petroleum | 0.0025 | 25% | $4,919,820.32 |
Discovery Alaska (ASX:DAF) firmed up the lithium potential of its ‘Coal Creek’ prospect, part of the Chulitna project, while Ragusa Minerals (ASX:RAG) acquired a new lithium project in the NT.
Gold explorer Besra Gold (ASX:BEZ) mooned last week on no news, before being placed in a trading halt by the ASX police.
In response to a Price and Volume Query, BEZ maintains that the results on ongoing drilling have not been leaked.
And +1Mozpa miner B2Gold will acquire neighbouring 668,000oz Mali gold explorer Oklo Resources (ASX:OKU) for an implied 17.25c per share.
That was a 127% premium to OKU’s last closing price before the bid was placed, and premium to any closing share price over the past 12 months.
LAST WEEK’S ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for May 23 – 27:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| OLY | Olympio Metals Ltd | 0.19 | -96% | $7,233,588.80 |
| BPH | BPH Energy Ltd | 0.015 | -59% | $11,304,120.27 |
| M8S | M8 Sustainable | 0.0095 | -47% | $4,194,799.60 |
| ORM | Orion Metals Ltd | 0.03 | -39% | $16,352,923.29 |
| IR1 | Irismetals | 0.39 | -38% | $19,987,000.00 |
| ARO | Astro Resources NL | 0.0025 | -38% | $14,115,723.80 |
| FDR | Finder | 0.115 | -32% | $13,875,000.00 |
| 1ST | 1St Group Ltd | 0.007 | -30% | $3,879,076.66 |
| AUR | Auris Minerals Ltd | 0.025 | -29% | $13,345,526.80 |
| PLG | Pearlgullironlimited | 0.035 | -29% | $1,921,580.78 |
| STP | Step One Limited | 0.265 | -26% | $48,188,475.66 |
| IVZ | Invictus Energy Ltd | 0.2025 | -26% | $138,271,985.25 |
| NNG | Nexion Group | 0.067 | -26% | $5,418,357.40 |
| EVE | EVE Health Group Ltd | 0.0015 | -25% | $8,619,617.11 |
| LNU | Linius Tech Limited | 0.006 | -25% | $12,736,856.03 |
| PG1 | Pearl Global Ltd | 0.015 | -25% | $13,611,462.44 |
| SIT | Site Group Int Ltd | 0.003 | -25% | $2,523,735.38 |
| TSC | Twenty Seven Co. Ltd | 0.003 | -25% | $7,982,441.72 |
| VOL | Victory Offices Ltd | 0.053 | -24% | $8,839,488.90 |
| RVS | Revasum | 0.41 | -24% | $40,248,328.52 |
| MLS | Metals Australia | 0.084 | -24% | $38,715,217.69 |
| NUH | Nuheara Limited | 0.13 | -24% | $12,535,243.25 |
| AVL | Aust Vanadium Ltd | 0.044 | -23% | $157,046,356.44 |
| HPP | Health Plant Protein | 0.097 | -22% | $11,790,790.85 |
| AHK | Ark Mines Limited | 0.3 | -22% | $10,159,581.42 |
| MCL | Mighty Craft Ltd | 0.2125 | -22% | $72,134,278.92 |
| AEV | Avenira Limited | 0.0125 | -22% | $13,514,639.67 |
| RTH | Ras Tech | 0.43 | -22% | $19,547,191.55 |
| REZ | Resourc & En Grp Ltd | 0.033 | -21% | $15,493,979.46 |
| RML | Resolution Minerals | 0.011 | -21% | $8,204,582.47 |
| GLV | Global Oil & Gas | 0.022 | -21% | $43,087,158.28 |
| TEM | Tempest Minerals | 0.05 | -21% | $26,234,390.47 |
| AJQ | Armour Energy Ltd | 0.006 | -20% | $14,276,159.29 |
| AVW | Avira Resources Ltd | 0.004 | -20% | $8,475,160.00 |
| CFO | Cfoam Limited | 0.004 | -20% | $2,935,362.54 |
| LNY | Laneway Res Ltd | 0.004 | -20% | $31,510,082.05 |
| KPG | Kelly Partners Group | 3.57 | -20% | $157,500,000.00 |
