On Stockhead today, private school education or investing? Plus, AGL accelerates coal exit and will the battery metals market ever rebalance?

But first, the day ahead.

Local shares are set to open lower today. At 8am AEST, the ASX 200 October futures contract is pointing down by 0.35%.

Today the Reserve Bank releases credit (lending) and monetary aggregates data. Also … HAPPY ANNIVERSARY (for yesterday)

 

WHO’s SCHEDULED TO LIST?

Adrad Holdings (ASX:AHL)

Listing: 10:30am AEST

Raised: $22m at $1.50 per share

Adrad designs and manufactures radiators for vehicles, heavy equipment, and stationary applications.

The company also sources and distributes automotive parts for the aftermarket sector in Australia and NZ.

It made ~$134.5m sales revenue and $10.1m net profit in FY22.

 

TRADING HALTS

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

Infinity Lithium Corporation (ASX: INF) – permitting update at its San José Lithium Project

Widgie Nickel Limited (ASX:WIN) – regarding exploration results at its Mt Edwards Project

QEM Ltd (ASX:QEM) – capital raise

Red 5 (ASX:RED) – capital raise

Danakali (ASX: DNK) – potential asset disposal

Fiji Kava (ASX:FIJ) – capital raise

Yandal Resources (ASX:YRL) – application with the Federal Court of Australia or Supreme Court of Western Australia seeking declaratory relief

 

COMMODITY/ FOREX/ CRYPTO MARKET PRICES

Gold: $US1,660.39 (+0.06%)

Silver: $US18.81(–.40%)

Nickel (3mth): $US22,410/t (+2.77%)

Copper (3mth): $US7,515/t (+1.25%)

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): $US81.53 (-0.75%)

Oil (Brent): $US88.61 (-0.79%)

Iron 62pc Fe: $US98.42 (-0.10%)

AUD/USD: 0.65 (+0.50%)

Bitcoin: $US19,471 (-0.90%)

 

WHAT GOT YOU TALKING YESTERDAY?

This is only a relatively recent phenomena; large downstream companies – carmakers, battery makers, chemical companies — partnering with early stage, pre resource explorers.

What does it say about the industry at the moment?

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Is vanadium going to have its lithium moment?

 

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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

(Stocks highlighted in yellow rose after making announcements during the trading day).

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Raiden Resources (ASX:RDN) says all four holes drilled so far at the Mt Sholl project intercepted between 40m-65m of pentlandite (source of nickel), pyrrhotite (contains copper and nickel), and chalcopyrite (source of copper)  mineralisation. Confirmatory assays are still pending.

Modular car park maker Parkd (ASX:PKD) inked Stage 1 of a design and construction contract with Audi Centre Perth for the development of an integrated sales, servicing and storage facility.

The value of the Stage 1 works is just $426,500, but Stage 2 – if proceeded with – could be worth $12m.

Delorean Corporation (ASX:DEL) achieved full commissioning and client handover of the Blue Lake Milling Bioenergy Project in South Australia.

The bioenergy plant uses anaerobic digestion technology to process milling byproduct (ground oat milled fines or ‘GOMF’) for production of renewable electricity.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

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