Rise and Shine: Everything you need to know before the ASX opens

On Stockhead today, Guy Le Page finds a cheap – and large – copper-zinc explorer, which commodities won and lost in May, and lots of reasons to short Facebook. All of them starting with “Sheryl”.

But first, the day ahead.

The RBA Board meets today to decide interest rate settings.

A rate hike of at least 25 basis points (a quarter of a per cent) is tipped by Commonwealth Bank (CBA) group economists, reflecting rising wage and price pressures.

WHO’S LISTING?

UVRE LIMITED (ASX:UVA)

Raised: $6m at 20c

Listing: 11am AEST

The uranium-vanadium explorer has ground in Utah called ‘East Canyon’.

The project is smack bang in the Colorado Plateau region, which has been an important source of uranium and vanadium in the US for more than 100 years.

Underground mapping and sampling programs by previous owner Red Dirt Metals (ASX:RDT)  identified extensive historical workings at the ‘None Such’ and ‘Bonanza’ prospects.

TRADING HALTS

The following companies entered trading halts and should be out in the next few days.

Blackstone Minerals (ASX:BSX) – further details in relation to discussions with Vingroup

Way2Vat (ASX:W2V) – material equity capital raise

Cannon Resources (ASX:CNR) – exploration results

Asaplus Resources (ASX:AJY) – response to an ASX price query

Caeneus Minerals (ASX:CAD) – assay results

Alterra (ASX: 1AG) – pending the announcement of a capital raising

MARKETS

Gold: $US1,852.59 (+0.14%)

Silver: $US22.271 (-1.65%)

Nickel (3mth): $US29,035/t (+3.26%)

Copper (3mth): $US9,742.50/t (+2.33%)

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): $US119.500 (+0.55%)

Oil (Brent): $US120.35 (+0.56%)

Iron 62pc Fe: $US143.00 (+2.20%)

AUD/USD: $US0.72147 (+0.12%)

Bitcoin: $US31,425.10 (+6.05%)

WHAT GOT YOU TALKING YESTERDAY?

Yesterday, it was all about copper.

• Culpeo Minerals up +120% after hitting 173m grading 1.05% copper
• Encounter Resources is on Garimpeiro’s list of ‘junior copper stocks to watch’
• Drilling updates from First AU’s Dogwood porphyry project are pending#ASX $CPO $FAU $FTL $ENR $IND
https://t.co/AP11A4Lm2d

— Stockhead (@StockheadAU) June 6, 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.

YESTERDAY’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Explorer Culpeo Minerals (ASX:CPO) was up +162% after hitting 173m grading 1.05% copper from 313m depth in drilling at the ‘Lana Corina’ project in Chile.

Complii FinTech Solutions (ASX:CF1) will acquire Registry Direct (ASX:RD1), which has clients including Facebook, Adobe, Sequoia and XTB.

Under the off-market takeover offer, Complii will offer holders of Registry Direct shares one fully paid ordinary share in Complii for every 4.5 Registry Direct shares held.

Inca Minerals (ASX:ICG) hit a wide, +500m-long interval of IOCG alteration in its first drill hole at ‘Mount Lamb North-East’.

Iron oxide copper gold ore deposits (IOCG) — like BHP’s Olympic Dam mine or more recent Oak Dam discovery  — can be tremendously large, and simple-to-process concentrations of copper, gold and other economic minerals.

And short term rental stock Alloggio Group (ASX:ALO) announced an upwards revision of FY22 guidance to both revenue and EBITDA which reflects “strong demand for travel since travel restrictions were lifted in the latter half of CY21”.

YESTERDAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.