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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Guy Le Page smells bargain juniors, surviving a market correction, and just when it couldn’t get worse for BNPL…
But first, the day ahead.
Today, the ABS issues the all-important labour force survey for May.
“CBA Group economists expect around 25,000 jobs to be added in the month, with the unemployment rate easing from 3.9 per cent to 3.8 per cent, the lowest level since August 1974,” CommSec says.
“Also on Thursday, the RBA issues its Bulletin, containing a range of insightful economic research.”
TRADING HALTS
Orion Minerals (ASX:ORN) – capital raising
Resource Mining Corporation (ASX:RMI) – capital raising
Celsius Resources (ASX:CLA) – board and management changes
Medibio (ASX:MEB) – capital raising
Tombola Gold (ASX:TBA) – potential material acquisition
Critical Resources (ASX:CRR) – results from Mavis Lake drilling program
Dreadnought Resources (ASX:DRE) – exploration results
Sovereign Metals (ASX:SVM) – expanded scoping study at Kasiya
Dacian Gold (ASX: DCN) – update on operations and Jupiter drilling results
FBR Ltd (ASX:FBR) – capital raising
MARKETS
Gold: $US1833.15 (+1.40%)
Silver: $US21.65 (+2.65%)
Nickel (3mth): $US25,800/t (+2.14%)
Copper (3mth): $US9,208/t (+0.66%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 8): $US69,750/t (0.4% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 8): $US70,875/t (0.0% weekly)
Oil (WTI): $US115.83 (-2.60%)
Oil (Brent): $US118.85 (-1.94%)
Iron 62pc Fe: $US137.17 (-2.08%)
AUD/USD: 0.7006 (+04%)
Bitcoin: $US22,257 (+3.66%)
WHAT GOT YOU TALKING YESTERDAY?
Lithium bulls – worry no more.
• @benchmarkmin gives four reasons why Goldman Sachs is wrong on #lithium oversupply claims
• Chinese lithium — Goldman’s most significant source of new supply — is low quality and expensive
• Lithium contract pricing continues to rise
https://t.co/jb5b3s6nDp— Stockhead (@StockheadAU) June 14, 2022
Ok, worry a little bit, maybe.
For me the biggest near-term threat to #lithium prices is the macro outlook & the end of cheap credit. ~90% of new #cars are bought on finance in the #UK, similar in #US. If the #Fed keeps hiking into a looming #recession we could see a hit to all new car sales, #EV or not.
— Peter Hannah (@PHmetals) June 15, 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.
YESTERDAY’S BIGGEST SMALL CAP WINNERS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.003 | 50% | 6,303,518 | $7,212,409.56 |
| JAV | Javelin Minerals Ltd | 0.0015 | 50% | 5,178,436 | $9,354,152.77 |
| PXX | Polarx Limited | 0.018 | 38% | 11,449,972 | $11,688,314.21 |
| BTN | Butn Limited | 0.165 | 32% | 98,590 | $9,606,080.00 |
| 8IH | 8I Holdings Ltd | 0.12 | 32% | 1,000 | $32,610,395.09 |
| VAR | Variscan Mines Ltd | 0.026 | 30% | 326,366 | $5,334,640.48 |
| LCT | Living Cell Tech. | 0.009 | 29% | 6,166,444 | $8,997,546.06 |
| RIM | Rimfire Pacific | 0.01 | 25% | 3,939,279 | $14,449,957.88 |
| SBR | Sabre Resources | 0.005 | 25% | 12,055,700 | $11,158,924.03 |
| AWV | Anova Metals Ltd | 0.011 | 22% | 250,002 | $13,482,847.80 |
| EDE | Eden Inv Ltd | 0.011 | 22% | 1,377,794 | $22,369,076.96 |
| CML | Chase Mining Limited | 0.017 | 21% | 117,065,011 | $6,553,858.65 |
| LPM | Lithium Plus | 0.355 | 20% | 2,160,360 | $13,162,369.00 |
| PAB | Patrys Limited | 0.024 | 20% | 2,185,499 | $41,139,995.14 |
| SHE | Stonehorse Energy Lt | 0.02 | 18% | 2,146,115 | $11,635,396.41 |
| TGH | Terragen | 0.17 | 17% | 275,911 | $27,992,139.08 |
| DEM | De.Mem Ltd | 0.175 | 17% | 6,666 | $33,434,203.65 |
| OEC | Orbital Corp Limited | 0.28 | 17% | 164,788 | $21,839,206.56 |
| CTV | Colortv Limited | 0.007 | 17% | 28,571 | $927,738.80 |
| MRQ | Mrg Metals Limited | 0.007 | 17% | 2,896,720 | $10,482,351.77 |
| NAE | New Age Exploration | 0.007 | 17% | 3,635,430 | $8,615,393.46 |
| TD1 | Tali Digital Limited | 0.007 | 17% | 1,791,452 | $7,348,750.00 |
| GAL | Galileo Mining Ltd | 1.595 | 16% | 9,115,569 | $245,861,357.50 |
| ISU | Iselect Ltd | 0.145 | 16% | 19,577 | $30,010,844.13 |
| DTR | Dateline Resources | 0.105 | 15% | 253,781 | $40,318,496.40 |
10,000m of drilling is set to kick off at explorer Lithium Plus Minerals’ (ASX:LPM) flagship ‘Bynroe’ lithium project in the NT.
Chase Mining (ASX:CML) will acquire the advanced McIntosh graphite project in WA.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GFN | Gefen Int | 0.095 | -27% | 518,447 | $7,941,812.58 |
| RBR | RBR Group Ltd | 0.003 | -25% | 750,000 | $5,150,481.38 |
| MRL | Mayur Resources Ltd | 0.075 | -25% | 557,900 | $24,034,294.50 |
| RMX | Red Mount Min Ltd | 0.005 | -23% | 5,141,844 | $10,675,365.08 |
| CL8 | Carly Holdings Ltd | 0.027 | -23% | 98,860 | $4,071,269.23 |
| PLG | Pearlgullironlimited | 0.045 | -22% | 2,519,037 | $3,184,333.86 |
| MCM | Mc Mining Ltd | 0.11 | -21% | 275,411 | $27,671,681.80 |
| NFL | Norfolkmetalslimited | 0.14 | -20% | 166,426 | $4,948,474.30 |
| AO1 | Assetowl Limited | 0.002 | -20% | 198,731 | $3,930,324.40 |
| CFO | Cfoam Limited | 0.004 | -20% | 7,088,080 | $3,669,203.17 |
| GML | Gateway Mining | 0.008 | -20% | 4,385,144 | $22,601,063.67 |
| MBK | Metal Bank Ltd | 0.004 | -20% | 3,250,000 | $13,039,090.80 |
| MGG | Mogul Games Grp Ltd | 0.002 | -20% | 3,898,138 | $8,154,149.89 |
| PNX | PNX Metals Limited | 0.004 | -20% | 4,188,786 | $22,220,289.04 |
| SGC | Sacgasco Ltd | 0.016 | -20% | 2,743,842 | $12,102,941.70 |
| XST | Xstate Resources | 0.002 | -20% | 2,498,643 | $8,037,954.13 |
| NSX | NSX Limited | 0.033 | -20% | 35,000 | $11,587,136.24 |
| EM2 | Eagle Mountain | 0.295 | -19% | 1,237,109 | $97,649,595.74 |
| PYR | Payright Limited | 0.11 | -19% | 123,607 | $10,558,919.30 |
| KWR | Kingwest Resources | 0.094 | -18% | 1,018,744 | $27,941,897.88 |
| OAU | Ora Gold Limited | 0.009 | -18% | 342,578 | $10,806,901.26 |
| GSN | Great Southern | 0.038 | -17% | 545,752 | $24,488,885.96 |
| W2V | Way2Vatltd | 0.038 | -17% | 1,481,697 | $6,355,329.59 |
| EPN | Epsilon Healthcare | 0.024 | -17% | 871,794 | $6,970,266.23 |
| DUN | Dundasminerals | 0.1 | -17% | 75,421 | $4,610,981.40 |
Not really a small cap, but working its way eagerly to that cherished status, is Block Inc (ASX:SQ2) , whose share price is down 7% for the day, 51% for the year to date.
