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Rise and Shine: Everything you need to know before the ASX opens
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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)
Tomorrow is the anniversary of the September 29, 2008 market crash 😬 https://t.co/nvTPAk8i9T
— Financelot (@FinanceLancelot) September 28, 2022
WHO’s SCHEDULED TO LIST?
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?
Stockhead sat down for a chat with @Greenwing_GW1 director Peter Wright –
– How did a $40m market cap #lithium explorer score such a big deal?
– Can we expect more deals like this between carmakers and explorers?#ASX #batterymetals by @reubenadams6
https://t.co/4Oq8rVVfXp— Stockhead (@StockheadAU) September 28, 2022
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Is vanadium going to have its lithium moment?
1.92% rise in vanadium pentoxide price in China. Really feels like V prices are starting to break out again. The huge 3GWh of Vanadium battery orders announced by Shanghai electric will need 15,000mtv of vanadium, 15% of annual global production & 50% of primary production #BMN pic.twitter.com/rYcXwUEvv5
— AimWarrenBuffet (@AimWarrenBuffet) September 29, 2022
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.
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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 | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.0015 | 50% | 7,160,949 | $5,428,537.94 |
| FGL | Frugl Group Limited | 0.015 | 36% | 171,821 | $2,229,174.15 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 2,469,230 | $4,895,161.81 |
| MCM | Mc Mining Ltd | 0.45 | 29% | 110,885 | $68,685,067.33 |
| BTR | Brightstar Resources | 0.02 | 25% | 435,453 | $10,349,773.90 |
| CLE | Cyclone Metals | 0.0025 | 25% | 134,631 | $12,233,473.96 |
| SYN | Synergia Energy Ltd | 0.0025 | 25% | 22,631,188 | $16,835,581.41 |
| VPR | Volt Power Group | 0.0025 | 25% | 84,777 | $18,689,067.12 |
| RDN | Raiden Resources Ltd | 0.0105 | 24% | 100,325,515 | $12,618,690.90 |
| KRR | King River Resources | 0.016 | 23% | 7,621,944 | $20,195,824.31 |
| GES | Genesis Resources | 0.011 | 22% | 520,000 | $7,045,571.65 |
| DEL | Delorean Corporation | 0.07 | 21% | 403,687 | $12,511,813.07 |
| ARD | Argent Minerals | 0.018 | 20% | 341,659 | $13,278,875.13 |
| NXM | Nexus Minerals Ltd | 0.21 | 20% | 511,349 | $50,868,217.93 |
| DMG | Dragon Mountain Gold | 0.012 | 20% | 99,315 | $3,936,716.65 |
| FAU | First Au Ltd | 0.006 | 20% | 723,699 | $4,657,054.75 |
| MTH | Mithril Resources | 0.006 | 20% | 83,333 | $14,701,165.21 |
| RNX | Renegade Exploration | 0.006 | 20% | 510,250 | $4,448,133.19 |
| CAF | Centrepoint Alliance | 0.255 | 19% | 168,985 | $42,114,606.14 |
| PKD | Parkd Ltd | 0.026 | 18% | 12,724,491 | $2,204,402.93 |
| RMX | Red Mount Min Ltd | 0.0065 | 18% | 1,493,260 | $9,033,001.22 |
| VR8 | Vanadium Resources | 0.091 | 18% | 1,492,993 | $36,460,452.80 |
| MIO | Macarthur Minerals | 0.165 | 18% | 172,658 | $22,575,488.32 |
| RBX | Resource B | 0.1 | 18% | 73,062 | $3,483,002.25 |
| CHK | Cohiba Min Ltd | 0.007 | 17% | 1,846,881 | $9,765,964.85 |
Raiden Resources (ASX:RDN)Â 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) Â 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).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SIH | Sihayo Gold Limited | 0.002 | -33% | 1,458,506 | $18,306,384.27 |
| 3DA | Amaero International | 0.088 | -30% | 2,406,882 | $31,984,593.13 |
| TD1 | Tali Digital Limited | 0.003 | -25% | 8,063,980 | $4,930,522.10 |
| AJL | AJ Lucas Group | 0.12 | -23% | 9,564,855 | $185,424,428.43 |
| AUK | Aumake Limited | 0.004 | -20% | 33,168 | $3,857,234.62 |
| AYM | Australia United Min | 0.004 | -20% | 1,659 | $9,212,887.43 |
| JTL | Jayex Technology Ltd | 0.008 | -20% | 24,493 | $2,492,285.39 |
| PNX | PNX Metals Limited | 0.004 | -20% | 9,012,500 | $22,220,289.04 |
| GFN | Gefen Int | 0.057 | -19% | 427,220 | $4,767,008.89 |
| S66 | Star Combo | 0.18 | -18% | 5,999 | $29,718,255.82 |
| DVL | Dorsavi Ltd | 0.014 | -18% | 173,913 | $7,395,106.18 |
| BMM | Balkanminingandmin | 0.34 | -17% | 312,533 | $13,427,500.00 |
| IRE | IRESS Limited | 8.74 | -17% | 2,821,344 | $1,964,196,763.88 |
| TTI | Traffic Technologies | 0.015 | -17% | 489,784 | $12,999,063.37 |
| YPB | YPB Group Ltd | 0.005 | -17% | 102,632 | $2,439,276.92 |
| 1AG | Alterra Limited | 0.011 | -15% | 269,900 | $9,042,183.12 |
| BTC | BTC Health Ltd | 0.044 | -15% | 29,881 | $14,656,010.41 |
| OZM | Ozaurum Resources | 0.085 | -15% | 229,691 | $6,971,600.00 |
| AJQ | Armour Energy Ltd | 0.006 | -14% | 4,370,497 | $15,809,156.13 |
| BUR | Burleyminerals | 0.12 | -14% | 66,168 | $4,805,226.86 |
| GTG | Genetic Technologies | 0.003 | -14% | 100,000 | $32,318,878.00 |
| RIE | Riedel Resources Ltd | 0.006 | -14% | 840,000 | $7,501,949.43 |
| ROG | Red Sky Energy. | 0.006 | -14% | 5,025,407 | $37,115,590.38 |
| BOA | Boadicea Resources | 0.11 | -14% | 652,976 | $9,906,736.61 |
| BMO | Bastion Minerals | 0.079 | -13% | 596,932 | $6,909,562.66 |
