On Stockhead today, do we even need China to buy our coal, a cannabis farm for sale, and Aussie legends buying the dip.
But first, the day ahead.
Not much going on in Australia today, apart from a cracking day for readers of Australia’s best small caps news site. (That’s us.)
At various points we’ll have barely legible and borderline every-ist ramblings from The Secret Broker, updates on that coal gossip, ScoPo’s POWERPLAYS and Christian Edwards’ ASX Week that Was. You’ll need a stiff drink around 3pm for that.
OS tonight and there’s a bit of data-NERD action though, namely:
- EU Trade Balance for May
- Finland ECB’s Rehn speaks
- US Empire Manufacturing July
- US Retail Sales Advanced for June
- US Import & Export Price Indexes, June
- US Fed’s Bostic Discusses Monetary Policy
- US Industrial Production Jun
- US Uni of Michigan Sentiment for July
TRADING HALTS
Kincora Copper (ASX:KCC) – in relation to material assay results
That doesn’t seem right.
MARKETS
Gold: $US1,710.89 (-1.40%)
Silver: $US18.44 (-3.91%)
Nickel (3mth): $US19,190/t (-9.27%)
Copper (3mth): $US7,104/t (-3.02%)
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): $US96.25 (-0.04%)
Oil (Brent): $US99.61 (+0.04%)
Iron 62pc Fe: $US106.01 (-4.54%)
AUD/USD: 0.6749 (-0.10%)
Bitcoin: $US20,497 (+2.78%)
WHAT GOT YOU TALKING YESTERDAY?
The most love came for yet another ludicrous results for Pilbara at its Battery Material Exchange auction:
And some late hopium hits coming in for cryptoheads hoping Finder’s panel of experts are on the money:
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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.
TODAY’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 |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0015 | 50% | 2,130,686 |
| ZLD | Zelira Therapeutics | 3.2 | 43% | 94,880 |
| KLI | Killi Resources | 0.195 | 34% | 18,100 |
| AFW | Applyflow Limited | 0.002 | 33% | 713,009 |
| VPR | Volt Power Group | 0.002 | 33% | 5,731,183 |
| WBE | Whitebark Energy | 0.002 | 33% | 260,498 |
| DEV | Devex Resources Ltd | 0.3 | 30% | 400,234 |
| MKL | Mighty Kingdom Ltd | 0.04 | 29% | 569,050 |
| PNT | Panther Metals | 0.24 | 26% | 1,250,135 |
| W2V | Way2Vat | 0.039 | 26% | 588,820 |
| HCD | Hydrocarbon Dynamic | 0.016 | 23% | 1,138,098 |
| ZAG | Zuleika Gold Ltd | 0.027 | 23% | 940,847 |
| EQS | Equity Story Group | 0.087 | 23% | 13,467 |
| CAY | Canyon Resources Ltd | 0.058 | 21% | 4,276,131 |
| VOL | Victory Offices Ltd | 0.018 | 20% | 225,500 |
| AYM | Australia United Min | 0.006 | 20% | 83,333 |
| GMN | Gold Mountain Ltd | 0.006 | 20% | 154,976 |
| TSC | Twenty Seven Co. Ltd | 0.003 | 20% | 356,350 |
| AQC | Auspac Coal Ltd | 0.105 | 19% | 14,658 |
| GGG | Greenland Minerals | 0.058 | 18% | 1,533,664 |
| SMX | Security Matters | 0.13 | 18% | 32,720 |
| CNB | Carnaby Resource Ltd | 1.09 | 18% | 1,576,846 |
| ACB | A-Cap Energy Ltd | 0.06 | 18% | 1,816,263 |
| GW1 | Greenwing Resources | 0.235 | 18% | 253,882 |
| BTN | Butn Limited | 0.14 | 17% | 99,885 |
Panther Metals (ASX:PNT) wins, with the explorer smashing out a bonanza-grade gold find at its Burtville East prospect.
Investors piled on board as PNT found circa 30%, thanks to visible gold being panned out of one hole at the prospect, and gob-smacking results like 15m at 53.94g/t gold from 27m, including:
- 1m at 79.90g/t gold from 27m,
- 1m at 478.00g/t gold from 28m,
- 1m at 125.50g/t gold from 34m, and
- 1m at 43.80g/t gold from 35m
1m pfft… here’s the money shot:
Also up 30% or so is Killi Resources (ASX:KLI). They’re out at their West Tanami project in WA mobilising drill rigs for a maiden drilling program.
The company plans to complete around 10,000m of air-core (AC) and reverse-circulation (RC) drilling, with the focus on high priority gold and rare earth element hydrothermal targets generated at the northern end of the tenement package.
Killi says it is also mobilising a diamond drill rig to complete at least one deep drill hole to a depth of ~800-1,000m. The Western Australian Geological Survey’s latest round of Exploration Incentive Scheme (EIS) funding will contribute up to $150k towards the drill hole.
Who else? Oh, every coal company ever. Is this that “buy the rumour” thing everyone talks about?
TODAY’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.
| Security | Description | Last | % | Volume |
|---|---|---|---|---|
| KWR | Kingwest Resources | 0.065 | -19% | 2,110,822 |
| AL3 | Aml3D | 0.066 | -18% | 1,690,836 |
| AJX | Alexium Int Group | 0.024 | -17% | 219,486 |
| TNY | Tinybeans Group Ltd | 0.2 | -17% | 1,000 |
| BAT | Battery Minerals Ltd | 0.005 | -17% | 1,936,646 |
| TKL | Traka Resources | 0.005 | -17% | 1,767,142 |
| GCR | Golden Cross | 0.011 | -15% | 9,344 |
| EXP | Experience Co Ltd | 0.18 | -14% | 448,466 |
| ADV | Ardiden Ltd | 0.006 | -14% | 4,569,309 |
| CTO | Citigold Corp Ltd | 0.006 | -14% | 166,666 |
| LNU | Linius Tech Limited | 0.006 | -14% | 627,086 |
| RR1 | Reach Resources Ltd | 0.003 | -14% | 12,077,522 |
| NIM | Nimy Resources | 0.305 | -14% | 190,719 |
| RNT | Rent.Com.Au Limited | 0.032 | -14% | 627,956 |
| BNZ | Benzmining | 0.37 | -13% | 36,060 |
| SKY | SKY Metals Ltd | 0.054 | -13% | 66,667 |
| ST1 | Spirit Technology | 0.055 | -13% | 322,030 |
| ARO | Astro Resources NL | 0.0035 | -13% | 1,000,000 |
| CLE | Cyclone Metals | 0.0035 | -13% | 5,347,892 |
| INP | Incentiapay Ltd | 0.007 | -13% | 400,000 |
| FG1 | Flynngold | 0.105 | -13% | 287,107 |
| PFT | Pure Foods Tas Ltd | 0.175 | -13% | 147,637 |
| GCX | GCX Metals Limited | 0.057 | -12% | 67,103 |
| SRZ | Stellar Resources | 0.015 | -12% | 2,350,734 |
| MAU | Magnetic Resources | 0.975 | -11% | 47,397 |
There are no small cap losers, only small companies which did not perform as well as hoped.