On Stockhead today, all of Tolga Kumova’s ASX investments at a glance, an expert prediction on our BNPL future, and how the ATO knows all your crypto gainz.
But first, the day ahead.
TRADING HALTS
The following companies entered trading halts and should be out in the next few days.
Asaplus Resources (ASX:AJY) – response to an ASX price query
Lumos Diagnostics (ASX:LDS) – ahead of a capital raise
Lycaon Resources (ASX:LYN) – ahead of a proposed material acquisition
Battery Minerals (ASX:BAT) – ahead of a proposed fund raising
Empire Energy Group (ASX:EEG) – ahead of a capital raise
MARKETS
Gold: $US1,869.38 (+1.26%)
Silver: $US22.27 (+2.23%)
Nickel (3mth): $US28,119/t (-1.00%)
Copper (3mth): $US9,500.00/t (+0.60%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 1): $US69,450/t (0.1% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 1): $US70,875/t (0.0% weekly)
Oil (WTI): $US117.13 (+1.59%)
Oil (Brent): $US117.92 (+1.40%)
Iron 62pc Fe: $US136.10 (+2.20%)
AUD/USD: $US0.7258 (+1.16%)
Bitcoin: $US30,258.50 (+1.58%)
WHAT GOT YOU TALKING YESTERDAY?
Lithium is the hot commodity in the small cap investment community, and little stirs up the fury of the retail masses like investment bankers who go bearish on battery metals.
Experts in the field say the recent sell-off may present a “buying opportunity” (not our words, RBC’s), while other lithium heads have taken aim at Goldman Sachs and Credit Suisse’s stance on oncoming supply.
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.
YESTERDAY’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 | Price | % | Volume |
|---|---|---|---|---|
| CDX | Cardiex Limited | 0.455 | 63% | 1,187,700 |
| LNU | Linius Tech Limited | 0.007 | 40% | 3,656,816 |
| ARE | Argonaut Resources | 0.004 | 33% | 24,258,745 |
| LCT | Living Cell Tech. | 0.007 | 27% | 20,453,245 |
| RMI | Resource Mining Corp | 0.125 | 25% | 2,333,509 |
| DRX | Diatreme Resources | 0.04 | 25% | 13,944,015 |
| NZS | New Zealand Coastal | 0.005 | 25% | 8,082,566 |
| AYT | Austin Metals Ltd | 0.016 | 23% | 954,882 |
| KFM | Kingfisher Mining | 0.345 | 21% | 370,305 |
| AVE | Avecho Biotech Ltd | 0.018 | 20% | 1,494,655 |
| FRB | Firebird Metals | 0.36 | 20% | 173,375 |
| XST | Xstate Resources | 0.003 | 20% | 343,348 |
| HOR | Horseshoe Metals Ltd | 0.038 | 19% | 1,793,536 |
| PVE | Po Valley Energy Ltd | 0.038 | 19% | 2,599,216 |
| SXG | Southern Cross Gold | 0.7 | 19% | 13,990,049 |
| LIN | Lindian Resources | 0.105 | 18% | 27,317,098 |
| MEI | Meteoric Resources | 0.0165 | 18% | 51,038,877 |
| GPR | Geopacific Resources | 0.11 | 17% | 1,683,460 |
| VOL | Victory Offices Ltd | 0.042 | 17% | 881,500 |
| XTC | Xantippe Res Ltd | 0.0105 | 17% | 38,387,209 |
| AQD | Ausquest Limited | 0.028 | 17% | 3,329,635 |
| LYN | Lycaonresources | 0.51 | 16% | 412,001 |
| SW1 | Swift Networks Group | 0.022 | 16% | 579,425 |
| INR | Ioneer Ltd | 0.525 | 15% | 8,635,503 |
| AXI | Axiom Properties | 0.069 | 15% | 13,100 |
Superior Resources (ASX:SPQ) says a “very large copper system is emerging” at the ‘Bottletree’ porphyry prospect in QLD, with latest assays returning an impressive 632m of copper mineralisation in one drill hole.
The overall 632m hit was graded at 0.21% copper, 0.03g/t gold, 0.60ppm silver, 18ppm molybdenum from 5m depth, but included a bunch of higher-grade chunks, according to our Reuben of Resources.
Up again to no one’s surprise, least of all our erstwhile cider producing editor, Peter Farquhar, who reckons there’s but one story in ASX Small Caps Land in May, and that is Galileo (ASX:GAL), up about 557% for the month.
GAL was up another 30% yesterday. It’s like they think the world revolves around them or something. It may well revolve around its very wealthy major shareholder Mark Creasy.
By all reports, he knew his way around a telescope, but even Galileo would have struggled to spot the ASX explorer that took his name to these stratospheric heights.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| VMG | VDM Group Limited | 0.001 | -50% | 500,116 |
| TTB | Total Brain Ltd | 0.071 | -18% | 79,988 |
| MBK | Metal Bank Ltd | 0.0045 | -18% | 14,344,963 |
| MPG | Manypeaksgoldlimited | 0.29 | -17% | 166,146 |
| DUN | Dundasminerals | 0.125 | -17% | 36,825 |
| LNU | Linius Tech Limited | 0.005 | -17% | 250,000 |
| NGY | Nuenergy Gas Ltd | 0.02 | -17% | 46,600 |
| FAL | Falconmetalsltd | 0.295 | -14% | 621,401 |
| ARE | Argonaut Resources | 0.003 | -14% | 6,819,749 |
| CT1 | Constellation Tech | 0.006 | -14% | 40,000 |
| MTH | Mithril Resources | 0.006 | -14% | 1,569,215 |
| PUA | Peak Minerals Ltd | 0.012 | -14% | 1,709,413 |
| LYK | Lykosmetalslimited | 0.245 | -14% | 125,203 |
| OVN | Oventus Medical Ltd | 0.0215 | -14% | 93,510 |
| DAF | Discovery Alaska Ltd | 0.062 | -14% | 2,177,819 |
| OLL | Openlearning | 0.04 | -13% | 258,911 |
| VAN | Vango Mining Ltd | 0.048 | -13% | 428,088 |
| AHN | Athena Resources | 0.007 | -13% | 190,823 |
| AJQ | Armour Energy Ltd | 0.007 | -13% | 2,877,707 |
| PCL | Pancontinental Energ | 0.007 | -13% | 36,468,444 |
| BUR | Burleyminerals | 0.105 | -13% | 53,010 |
| GFN | Gefen Int | 0.14 | -13% | 133,875 |
| YPBDB | YPB Group Ltd | 0.021 | -13% | 1,109,494 |
| EMP | Emperor Energy Ltd | 0.037 | -12% | 1,987,748 |
| AVE | Avecho Biotech Ltd | 0.015 | -12% | 1,139,028 |