On Stockhead today, a disastrous year for ETFs, what do we do about gas, and where will we find 24,000 mine workers?
Local shares are set to open marginally higher today. At 8am AEDT, the ASX 200 July futures is pointing up by 0.05%.
But first, the day ahead.
Ooh, it’s PMIs day here at home. Hold onto your butts, here comes:
- S&P Global Australia PMI Composite
- S&P Global Australia PMI Services, and
- S&P Global Australia PMI Manufacturing
We’ll also get a market reaction to overnight drops from US Existing Home Sales and US Initial Jobless Claims, the Eurozone Consumer Confidence for July, Japan Trade Balance June AND EU ECB President Christine Lagarde (squee) has a presser!
How good are Fridays!
TRADING HALTS
Montem Resources (ASX: MR1) – pending a material announcement
Morella Corporation (ASX:1MC) – pending capital raise
Tombola Gold (ASX:TBA) – pending the release of an announcement regarding a material capital raising transaction
MARKETS
Gold: $US1,717.55 (+1.24%)
Silver: $US18.81 (+0.84%)
Nickel (3mth): $US21,600/t (+1.99%)
Copper (3mth): $US7,299/t (-1.07%)
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): $US96.35 (-3.50%)
Oil (Brent): $US103.89 (-2.84%)
Iron 62pc Fe: $US105.27 (+0.73%)
AUD/USD: 0.6928 (-0.1%)
Bitcoin: $US23,027 (-0.98%)
WHAT GOT YOU TALKING?
Not all lithiums are created equal – are you a hard rock person, or a briney?
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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 |
|---|---|---|---|---|
| TOR | Torque Met | 0.215 | 43% | 4,261 |
| DVL | Dorsavi Ltd | 0.014 | 40% | 1,241,202 |
| SBR | Sabre Resources | 0.0055 | 38% | 44,374,822 |
| DOU | Douugh Limited | 0.027 | 35% | 4,900,472 |
| SPT | Splitit | 0.225 | 29% | 4,524,236 |
| ALM | Alma Metals Ltd | 0.014 | 27% | 38,000 |
| AKN | Auking Mining Ltd | 0.125 | 25% | 1,278,336 |
| BDG | Black Dragon Gold | 0.05 | 25% | 85,442 |
| MGG | Mogul Games Grp Ltd | 0.0025 | 25% | 750,000 |
| IOU | Ioupay Limited | 0.081 | 25% | 18,385,508 |
| AWV | Anova Metals Ltd | 0.011 | 22% | 100,000 |
| TLX | Telix Pharmaceutical | 6.77 | 22% | 2,204,441 |
| RXM | Rex Minerals Limited | 0.17 | 21% | 1,548,009 |
| BDM | Burgundy D Mines Ltd | 0.16 | 21% | 617,516 |
| NUH | Nuheara Limited | 0.295 | 20% | 599,813 |
| NSX | NSX Limited | 0.06 | 20% | 365,836 |
| ECG | Ecargo Hldg | 0.012 | 20% | 14,000 |
| SIH | Sihayo Gold Limited | 0.003 | 20% | 196,667 |
| TKL | Traka Resources | 0.006 | 20% | 1,097,454 |
| IHR | intelliHR Limited | 0.073 | 20% | 113,620 |
| WYX | Western Yilgarn NL | 0.155 | 19% | 15,247 |
| S66 | Star Combo | 0.225 | 18% | 4,000 |
| ATV | Activeportgroupltd | 0.092 | 18% | 132,311 |
| IKE | Ikegps Group Ltd | 0.7 | 18% | 195,144 |
| SYA | Sayona Mining Ltd | 0.1875 | 17% | 91,674,369 |
Diamond explorer Burgundy Diamond Mines (ASX:BDM) was up over 20% on the launch of a new ‘ultra-luxury’ diamond brand – Maison Mazerea – in Paris earlier this month.
The company says that’s the final stage of a strategy to become a “world-leading end-to-end fancy colour diamond business”.
Crazed rough diamonds aside, the vertically integrated model of mining and buying rough stones – cutting, and polishing, then selling via Maison Mazerea – will allow Burgundy to capture the full margins from the diamond value chain and seriously differentiates its value proposition.
And shares in the Perth-based gold-nickel Torque Metals (ASX:TOR) jumped whole heap on zero news and only slightly higher volumes.
TOR was last in the news when it began exploration at its Domingo and Melchior nickel prospects within the Paris Project, southeast of Kalgoorlie in the gold-rich Boulder Lefroy Fault Zone.
“We anticipate plenty of news flow from this nickel search, and the Paris gold drilling program in the coming weeks,” CEO Cristian Moreno says.
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.
| Security | Description | Last | % | Volume |
|---|---|---|---|---|
| LER | Leaf Res Ltd | 0.022 | -72% | 23,052,365 |
| MEB | Medibio Limited | 0.001 | -50% | 6,677 |
| ALT | Analytica Limited | 0.001 | -33% | 5 |
| T3D | 333D Limited | 0.001 | -33% | 16,584 |
| VPR | Volt Power Group | 0.0015 | -25% | 298,790 |
| GNM | Great Northern | 0.004 | -20% | 84,367 |
| PRM | Prominence Energy | 0.002 | -20% | 1,854,908 |
| HZR | Hazer Group Limited | 0.695 | -17% | 1,791,465 |
| ROG | Red Sky Energy. | 0.005 | -17% | 932,844 |
| TSC | Twenty Seven Co. Ltd | 0.0025 | -17% | 2,043,922 |
| LRL | Labyrinth Resources | 0.021 | -16% | 548,437 |
| G1A | Galena Mining | 0.14 | -15% | 2,116,177 |
| ELE | Elmore Ltd | 0.03 | -14% | 1,933,313 |
| PRS | Prospech Limited | 0.025 | -14% | 144,558 |
| LGM | Legacy Minerals | 0.13 | -13% | 21,280 |
| SFG | Seafarms Group Ltd | 0.013 | -13% | 792,708 |
| EQS | Equitystorygroupltd | 0.076 | -13% | 40,000 |
| ADX | ADX Energy Ltd | 0.007 | -13% | 2,411,611 |
| CLE | Cyclone Metals | 0.0035 | -13% | 5,208,188 |
| IPT | Impact Minerals | 0.007 | -13% | 4,256,914 |
| CI1 | Credit Intelligence | 0.105 | -13% | 97,184 |
| HAL | Halo Technologies | 0.525 | -13% | 62,020 |
| RBX | Resource B | 0.105 | -13% | 261,083 |
| BEX | Bikeexchange Ltd | 0.022 | -12% | 1,092,994 |
| PLG | Pearl Gull Iron | 0.045 | -12% | 4,502 |