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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, why lithium refuses to lie down, when will graphite’s day come, and an almost sure bet it’s time to sell.
But first, the day ahead.
WHO’S SCHEDULED TO LIST?
MOVE Logistics Group (ASX:MOV)
Listing: 10:30am AEST
Raised: N/A
MOVE Logistics Group is one of New Zealand’s largest freight and global logistics companies with its history dating all the way back to 1869 with the original Hooker Brothers transport company.
The company offers freight transport and warehousing services throughout New Zealand and co-ordinates freight movements offshore through its international alliances.
The company also has a specialist road tanker division and is one of the largest operators in the New Zealand fuel delivery market.
Listing: 12pm AEST
Raised: $6m at 20c per share
Oceana has two lithium projects – the Solonopole Project in Brazil and the Napperby project in the NT. Solonopole’s permits cover historic artisanal mining sites previously mined for lithium, Coltan (tantalum and niobium) and tin.
Napperby is in the Pine Creek Pegmatite province, which hosts Core Lithium’s (ASX:CXO) Finniss project.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
Sunvest Corporation (ASX:SVS) – equal access, off market share buy-back at $0.59 and a request for removal of the company’s securities from the official list
Openn Negotiation (ASX:OPN) – capital raising
Balkan Mining and Minerals (ASX:BMM) – acquisition
Australian Rare Earths (ASX:AR3) – there’s an upgrade to mineral resources
3D Oil (ASX:TDO) – proposed transaction related to one of the company’s exploration permits
Aquis Entertainment (ASX:AQS) – received a competing offer for Casino Canberra
MARKETS
Gold: $US1,807.13 (-0.55%)
Silver: $US20.24 (-2.26%)
Nickel (3mth): $US22,700/t (-4.51%)
Copper (3mth): $US8,237.50/t (-2.05%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t (0.0% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t (0.0% weekly)
Oil (WTI): $US105.90 (-3.53%)
Oil (Brent): $US114.88 (-1.19%)
Iron 62pc Fe: $US130.00 (-0.35%)
AUD/USD: 0.6902 (+0.05%)
Bitcoin: $US18,897 (-6.96%)
WHAT GOT YOU TALKING YESTERDAY?
Is beleaguered lithium play AVZ Minerals (ASX:AVZ) going to rejoin the bourse today? Probs not, but…
The former investor favourite has been in suspension since Chinese gold miner Zijin publicly claimed the rights to 15% of the giant Manono lithium project in the DRC in May.
AVZ has long claimed to hold 75% of Manono but Zijin says AVZ’s stake could drop to as low as 36%.
Spicy stuff.
Pretty excited to see $AVZ trade tomorrow, new FY new $AVZ
— SPEC Capital (@SPECCAPITAL) June 30, 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 in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CBL | Control Bionics | 0.225 | 61% | 1,572,588 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | 802,493 |
| TYX | Tyranna Res Ltd | 0.019 | 36% | 19,776,072 |
| IMR | Imricor Med Sys | 0.25 | 35% | 836,810 |
| FSG | Field Solu Hldgs Ltd | 0.135 | 35% | 380,139 |
| ARO | Astro Resources NL | 0.004 | 33% | 3,550,000 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 6,133,286 |
| T3D | 333D Limited | 0.002 | 33% | 213,484 |
| BSA | BSA Limited | 0.069 | 33% | 797,633 |
| BPM | BPM Minerals | 0.155 | 29% | 2,694,577 |
| MHC | Manhattan Corp Ltd | 0.009 | 29% | 9,634,878 |
| BMR | Ballymore Resources | 0.21 | 27% | 165,864 |
| GFN | Gefen Int | 0.094 | 25% | 517,750 |
| SKS | SKS Tech Group Ltd | 0.15 | 25% | 12,000 |
| AMD | Arrow Minerals | 0.0025 | 25% | 2,800,040 |
| GMN | Gold Mountain Ltd | 0.005 | 25% | 831,500 |
| CAN | Cann Group Ltd | 0.285 | 24% | 2,273,423 |
| SIX | Sprintex Ltd | 0.071 | 22% | 15,071 |
| DEX | Duke Exploration | 0.072 | 22% | 452,440 |
| ECS | ECS Botanics Holding | 0.017 | 21% | 1,590,787 |
| NSX | NSX Limited | 0.034 | 21% | 498,247 |
| AOA | Ausmon Resorces | 0.006 | 20% | 3,414,233 |
| EM1 | Emerge Gaming Ltd | 0.012 | 20% | 6,491,601 |
| TSC | Twenty Seven Co. Ltd | 0.003 | 20% | 3,617,492 |
| MTC | Metalstech Ltd | 0.365 | 20% | 276,871 |
Rural and regional telco Field Solutions (ASX:FSG) announced it has been selected as exclusive preferred supplier for enterprise managed desktop, network and general IT services for Kestrel Coal on a five-year contract term.
Cann Group (ASX:CAN) popped a 24% pill after the Therapeutic Goods Administration (TGA) granted the company a GMP licence to manufacture therapeutic goods, which includes GMP testing at its Mildura facility.
And MetalsTech (ASX:MTC) jumped 21% on news of its second visible gold strike in the past nine days – two rounds of huge news that investors have greeted with open arms, and wallets.
YESTERDAY’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.
| Security | Description | Last | % | Volume |
|---|---|---|---|---|
| KEY | KEY Petroleum | 0.002 | -33% | 12,837,432 |
| CYM | Cyprium Metals Ltd | 0.115 | -28% | 18,369,834 |
| AVW | Avira Resources Ltd | 0.003 | -25% | 5,148,700 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 2,414,694 |
| MCT | Metalicity Limited | 0.003 | -25% | 1,130,849 |
| RR1 | Reach Resources Ltd | 0.003 | -25% | 2,904,987 |
| PRS | Prospech Limited | 0.026 | -21% | 287,796 |
| ISU | Iselect Ltd | 0.135 | -21% | 295,046 |
| OXX | Octanex Ltd | 0.012 | -20% | 183,761 |
| 1ST | 1St Group Ltd | 0.004 | -20% | 810,850 |
| DCX | Discovex Res Ltd | 0.004 | -20% | 1,000,000 |
| PNX | PNX Metals Limited | 0.004 | -20% | 6,851,896 |
| PBX | Pacific Bauxite NL | 0.105 | -19% | 104,026 |
| 8IH | 8I Holdings Ltd | 0.081 | -19% | 97,296 |
| AQC | Auspaccoal Ltd | 0.094 | -18% | 52,354 |
| IS3 | I Synergy Group Ltd | 0.033 | -18% | 23,500 |
| AHI | Adv Human Imag Ltd | 0.12 | -17% | 537,423 |
| TSL | Titanium Sands Ltd | 0.015 | -17% | 1,275,090 |
| ARE | Argonaut Resources | 0.0025 | -17% | 10,832,763 |
| AYM | Australia United Min | 0.005 | -17% | 425,333 |
| CT1 | Constellation Tech | 0.005 | -17% | 1,010,000 |
| CTO | Citigold Corp Ltd | 0.005 | -17% | 723,667 |
| CTV | Colortv Limited | 0.005 | -17% | 241,058 |
| DXN | DXN Limited | 0.005 | -17% | 6,374,999 |
| GGX | Gas2Grid Limited | 0.0025 | -17% | 338,902 |
