On Stockhead today, the only guide to ASX small cap biotechs you’ll ever need, why soaring lithium prices aren’t surprising, and how to invest in private tech.
But first, the day ahead.
Local shares are set to open higher today. At 8am AEST, the ASX 200 October futures contract is pointing down by 0.25%.
ANZ and Roy Morgan jointly issue the weekly consumer survey, which probably won’t be positive.
“Cost of living, global inflation rates, and rising interest rates are the hot button issues,” CommSec says.
In China – our biggest trade partner and world #2 economy — official stats are expected to show “that the property crisis and weak consumer demand from persistent COVID lockdowns continue to weigh on industrial profits,” says CommSec.
WHO’S LISTING?
Critical Minerals Group (ASX:CMG)
IPO: $5m at $0.20
The company’s main focus is the Lindfield vanadium project in Queensland, where it plans to add to the existing JORC resource, and complete metallurgy and pilot plant test work and a scoping study.
CMG also owns Figtree Creek and Lorena Surrounds, both greenfield copper-gold projects in the Cloncurry region.
Local shares are set to open higher today. At 8am AEST, the ASX 200 October futures contract is pointing up by 0.80%.
TRADING HALTS
The following companies are in trading halts and are expected out in the next few days:
Belararox (ASX:BRX) – Cap raise
DC Two (ASX:DC2) – Cap raise
Eastern Resources (ASX:EFE) – Cap raise
Australian Pacific Coal (ASX: AQC) – potential change to the structure of the transactions currently contemplated by the company
Bluestar Helium (ASX:BLU) – announcement regarding contingent resources
Metal Hawk (ASX:MHK) – Cap raise
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,622.37 (-1.26%)
Silver: $US18.36 (-2.54%)
Nickel (3mth): $US22.055/t (-5.79%)
Copper (3mth): $US7,292/t (-1.90%)
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): $US76.21 (-3.21%)
Oil (Brent): $US83.67 (-2.88%)
Iron 62pc Fe: $US99.01 (+0.12%)
AUD/USD: 0.6456(-03.%)
Bitcoin: $US19,109 (1.54%)
WHAT GOT YOU TALKING YESTERDAY?
The GBP is in the toilet, and sinking fast.
On the upside …
And this …
And also …
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Also, be sure to check in pre-open 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 ASX SMALL CAP WINNERS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| DUN | Dundasminerals | 0.47 | 124% | 4,630,264 | $8,134,467.39 |
| GW1 | Greenwing Resources | 0.425 | 73% | 3,894,668 | $30,195,600.51 |
| TTI | Traffic Technologies | 0.0195 | 30% | 2,071,994 | $10,832,552.81 |
| JTL | Jayex Technology Ltd | 0.01 | 25% | 1,789,720 | $1,993,828.31 |
| ALA | Arovella Therapeutic | 0.033 | 22% | 10,736,151 | $18,112,971.82 |
| SIH | Sihayo Gold Limited | 0.003 | 20% | 1,082,500 | $15,255,320.23 |
| CXU | Cauldron Energy Ltd | 0.014 | 17% | 596,811 | $6,424,935.32 |
| SHO | Sportshero Ltd | 0.022 | 16% | 996,298 | $10,826,093.09 |
| BUY | Bounty Oil & Gas NL | 0.008 | 14% | 868,728 | $9,593,506.87 |
| GMN | Gold Mountain Ltd | 0.008 | 14% | 6,245,371 | $8,562,044.19 |
| LNU | Linius Tech Limited | 0.004 | 14% | 771,145 | $8,098,532.09 |
| HYD | Hydrix Limited | 0.062 | 13% | 60,000 | $12,677,210.32 |
| RAN | Range International | 0.009 | 13% | 124,000 | $7,514,322.56 |
| BTE | Botalaenergyltd | 0.145 | 12% | 60,000 | $6,780,800.00 |
| SLC | Superloop Limited | 0.645 | 11% | 1,429,726 | $281,436,583.62 |
| EVZ | EVZ Limited | 0.2 | 11% | 108,997 | $21,626,265.06 |
| HMI | Hiremii | 0.05 | 11% | 100,000 | $4,764,022.16 |
| GAS | State GAS Limited | 0.38 | 10% | 466,213 | $68,942,145.23 |
| IR1 | Irismetals | 1.92 | 10% | 609,561 | $106,218,150.00 |
| XPN | Xpon Technologies | 0.17 | 10% | 152,627 | $24,159,042.76 |
| CSX | Cleanspace Holdings | 0.69 | 10% | 161,524 | $48,522,299.49 |
| BXN | Bioxyne Ltd | 0.023 | 10% | 47,619 | $13,443,053.36 |
| AFL | Af Legal Group Ltd | 0.25 | 9% | 362,084 | $17,603,376.14 |
| VRS | Veris Ltd | 0.09 | 8% | 213,188 | $43,471,205.51 |
| IVX | Invion Ltd | 0.013 | 8% | 1,098,828 | $77,041,104.97 |
Greenwing Resources (ASX:GW1) has announced a potential JV and offtake deal with NYSE listed Chinese EV maker Nio, which will initially subscribe for $12m of shares in the lithium minnow.
Nickel, copper, cobalt and gold explorer Dundas Minerals (ASX:DUN) hit shallow massive sulphides and ultramafic rocks in water drilling (surprise!) at the Central Target in WA. A drill hole to test the 450m deep AMT anomaly has now commenced.
Cancer fighter Arovella (ASX:ALA) will partner with clinical stage immune-oncology company Imugene (ASX:IMU) to test Arovella’s CAR19-iNKT (ALA101) cell therapy with Imugene’s onCARlytics platform to seek and destroy solid tumours.
The read out from the preclinical studies performed through the collaboration is expected in H1 2023.
YESTERDAY’S ASX SMALL CAP LOSERS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| REY | REY Resources Ltd | 0.12 | -55% | 351 | $56,160,797.84 |
| ARE | Argonaut Resources | 0.001 | -50% | 5,600,474 | $7,238,050.59 |
| AR1 | Australresources | 0.22 | -27% | 4,349,876 | $88,787,050.20 |
| MCM | Mc Mining Ltd | 0.41 | -26% | 184,530 | $109,698,452.85 |
| MGG | Mogul Games Grp Ltd | 0.0015 | -25% | 353,976 | $6,526,882.41 |
| SNG | Siren Gold | 0.165 | -23% | 411,064 | $22,403,393.02 |
| CE1 | Calima Energy | 0.11 | -21% | 4,340,917 | $85,645,107.66 |
| AJL | AJ Lucas Group | 0.13 | -21% | 2,564,269 | $197,387,294.78 |
| OCT | Octava Minerals | 0.15 | -21% | 248,112 | $7,060,877.09 |
| MAG | Magmatic Resrce Ltd | 0.099 | -21% | 2,684,500 | $32,810,849.75 |
| GNM | Great Northern | 0.004 | -20% | 330,693 | $8,545,254.88 |
| PNX | PNX Metals Limited | 0.004 | -20% | 400,000 | $22,220,289.04 |
| TSC | Twenty Seven Co. Ltd | 0.002 | -20% | 4,400,002 | $6,652,034.76 |
| SYR | Syrah Resources | 1.53 | -20% | 6,933,751 | $1,280,790,056.10 |
| ASN | Anson Resources Ltd | 0.29 | -18% | 39,569,236 | $367,516,902.40 |
| AUR | Auris Minerals Ltd | 0.018 | -18% | 562,631 | $10,485,771.05 |
| FTL | Firetail Resources | 0.1975 | -18% | 330,165 | $14,827,800.00 |
| GRE | Greentechmetals | 0.14 | -18% | 582,062 | $5,317,599.83 |
| FEG | Far East Gold | 0.61 | -18% | 461,988 | $90,307,535.40 |
| NES | Nelson Resources. | 0.015 | -17% | 682,454 | $5,297,348.95 |
| RAS | Ragusa Minerals Ltd | 0.325 | -17% | 10,363,745 | $50,171,186.52 |
| TBA | Tombola Gold Ltd | 0.03 | -17% | 2,100,350 | $39,308,858.68 |
| OSX | Osteopore Limited | 0.205 | -16% | 15,650 | $28,730,718.31 |
| LLL | Leolithiumlimited | 0.58 | -16% | 26,027,701 | $680,793,269.28 |
| AAR | Astral Resources NL | 0.076 | -16% | 1,593,853 | $53,656,131.51 |