On Stockhead today, can Sayona become a mini-PLS, Sydney house prices could fall 30%, and two good reasons why cheap stocks do exist.

But first, the day ahead.

Local shares are set to open higher today. At 8am AEST, the ASX 200 September futures contract is pointing up by 0.75%.

ANZ/Roy Morgan jointly issue the weekly consumer confidence survey. Minutes of the Sept 6 RBA meeting are also issued at 11:30am AEST.

At the meeting, the Board decided to lift the cash rate for an unprecedented 5th straight month, hiking rates by 50 basis points to a 7-and-a-half-year high of 2.35%.

“Since the meeting, RBA Governor Philip Lowe has delivered a speech titled ‘Inflation and the Monetary Policy Framework’,” CommSec says.

“In the speech Governor Lowe signalled that the recent run of jumbo rate hikes could be nearing an end.”

Fingers crossed.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the next few days:

Moho Resources (ASX:MOH) – A rare double-banger, here from Moho: a capital raise and results incoming from its REE play. Verrry interesting.

Grand Gulf Energy (ASX:GGE) – Test results are due back from Jesse 1A. Betcha $10 GGE’s the father.

Carbonxt Group (ASX:CG1) – Capital raise.

IVE Group (ASX:IGL) – Capital raise.

Respiri (ASX:RSH) – Equity raise, cause sometimes you’ve just gotta be different.

Gold Mountain (ASX:GMN) – Capital raise.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,675.28 (+0.02%)

Silver: $US19.51 (-0.50%)

Nickel (3mth): $US24,670/t (+1.74%)

Copper (3mth): $US7,772/t (+0.13%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t (+98.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 14): $US70,550/t (+135.6% year-to-date)

Oil (WTI): $US85.47 (+0.42%)

Oil (Brent): $US91.87 (+0.57%)

Iron 62pc Fe: $US98.99 (-0.27%)

AUD/USD: 0.6727 (0.00%)

Bitcoin: $US19,631 (+0.96%)

 

WHAT GOT YOU TALKING YESTERDAY?

Lithium is unstoppable.

 

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. 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 preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am 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
ANL Amani Gold Ltd 0.0015 50% 2,559,208 $23,693,441
DRM Demetallica 0.29 45% 4,557,150 $17,369,724
ICR Intelicare Holdings 0.04 29% 1,864,230 $3,734,456
MX1 Micro-X Limited 0.165 22% 1,846,817 $62,303,174
AMA AMA Group Limited 0.265 20% 2,301,969 $236,075,448
PTR Petratherm Ltd 0.083 20% 3,147,487 $15,507,829
BCK Brockman Mining Ltd 0.03 20% 154,955 $232,005,803
AMD Arrow Minerals 0.006 20% 45,235,237 $10,168,825
KGD Kula Gold Limited 0.024 20% 3,732,093 $5,379,391
OAR OAR Resources Ltd 0.006 20% 6,123,880 $10,855,189
VOL Victory Offices Ltd 0.037 19% 31,075 $4,893,288
SPL Starpharma Holdings 0.69 19% 962,468 $236,897,176
HPC Thehydration 0.13 18% 25,846 $15,824,145
BEX Bikeexchange Ltd 0.02 18% 810,779 $8,581,946
CVR Cavalier Resources 0.175 17% 10,000 $4,558,358
FIN FIN Resources Ltd 0.021 17% 3,824,111 $10,070,637
ATC Altech Chem Ltd 0.115 15% 8,037,460 $142,676,587
ADR Adherium Ltd 0.008 14% 200,000 $15,593,869
ADV Ardiden Ltd 0.008 14% 17,524,995 $18,678,347
HOR Horseshoe Metals Ltd 0.024 14% 1,297,161 $11,590,801
MCM Mc Mining Ltd 0.67 14% 90,158 $116,616,373
LDX Lumos Diagnostics 0.06 13% 1,116,511 $11,125,042
PNT Panthermetalsltd 0.215 13% 5,889 $5,795,000
TPD Talon Energy Ltd 0.175 13% 1,562,860 $68,254,660
LKE Lake Resources 1.05 13% 48,882,600 $1,292,675,549
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Explorer Demetallica (ASX:DRM) received a takeover offer from copper miner AIC Mines (ASX:A1M), which values DRM at ~$36m or 33.7c per share.

That’s a 68% premium to the last closing price.

MicroX (ASX:MX1) – which develops carbon nanotube-based X-ray tech – has inked a $15m deal with Varex Imaging Corporation, the largest independent manufacturer of X-ray components globally with annual sales over US$800m in 2021.

Kula Gold (ASX:KGD) will raise $1.8m to expedite WA lithium exploration and “assess new opportunities in the lithium sector”.

And Petratherm (ASX:PTR) was off to the races after catching the laser-guided attention of Barry Fitzgerald over the weekend.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
WBE Whitebark Energy 0.002 -33% 1,961,611 $16,944,658
ARE Argonaut Resources 0.0015 -25% 1,001,000 $7,238,051
CCE Carnegie Cln Energy 0.0015 -25% 910,980 $30,205,147
PET Phoslock Env Tec Ltd 0.062 -23% 19,307,702 $49,951,241
CT1 Constellation Tech 0.005 -17% 1,000,000 $8,827,202
CTO Citigold Corp Ltd 0.005 -17% 4,918,737 $17,001,955
QFE Quickfee Limited 0.066 -16% 57,658 $21,042,576
EQE Equus Mining Ltd 0.105 -16% 199,309 $23,353,994
IKW Ikwezi Mining Ltd 1.42 -15% 12,740 $68,291,956
SHG Singular Health 0.11 -15% 4,453 $8,487,579
REZ Resources & Energy Grp 0.0205 -15% 1,999,007 $11,995,339
AQC Auspaccoal Ltd 0.53 -15% 677,561 $31,300,582
JXT Jaxstaltd 0.018 -14% 1,411,772 $7,194,142
1MC Morella Corporation 0.024 -14% 47,383,364 $161,438,082
FAU First Au Ltd 0.006 -14% 293,623 $6,519,877
VRS Veris Ltd 0.086 -14% 811,586 $52,374,946
GW1 Greenwing Resources 0.31 -14% 138,421 $44,369,046
CMD Cassius Mining Ltd 0.031 -14% 695,063 $14,534,673
BUX Buxton Resources Ltd 0.095 -14% 522,267 $16,041,200
KFM Kingfisher Mining 0.555 -13% 632,182 $21,916,801
CLZ Classic Min Ltd 0.0165 -13% 17,882,903 $8,506,765
CHL Camplifyholdings 2.08 -13% 54,877 $67,029,151
CLT Cellnet Group 0.027 -13% 35,378 $7,551,434
ARO Astro Resources NL 0.0035 -13% 11,841,237 $18,820,965
GTG Genetic Technologies 0.0035 -13% 4,174,453 $36,935,861
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