On Stockhead today, Guy Le Page ponders one of the potentially greatest wealth transfers of all time, nickel doubles its previous ATH, and Twiggy and Airbus take to the skies together.
But first, the day ahead.
Local shares are set to open lower today. At 8am AEDT, the ASX 200 March futures is pointing up by 0.17%.
The Reserve Bank Governor, Philip Lowe, is set to deliver a speech at the Australian Financial Review Business Summit at 9.15am AEDT.
He will have the opportunity to update interest rate views in light of latest wage data and the war in Ukraine.
Also, Westpac and the Melbourne Institute are set to issue the March consumer confidence report.
WHO’S LISTING?
After failing to list on February 24, Catalano Seafood says it plans to list on the ASX today under the ticker ‘CSF’.
The company hopes to deliver a ‘store within a store’ seafood concept inside independent food retail stores across the nation.
TRADING HALTS
The following companies went into trading halts on Monday and are expected out within the next few days:
Structural Monitoring Systems Plc (ASX:SMN) – capital raising
Sacgasco (ASX:SGC) – relation to a material farm-out in the Philippines by the company
Riversgold (ASX:RGL) – regarding an acquisition and a capital raising
Incannex Healthcare (ASX:IHL) – pending an announcement regarding preliminary results of its phase 2 clinical trial assessing IHL-42X in patients
Tower (ASX:TWR) – undergoing a capital return
Pioneer Credit (ASX:PNC) – share placement
MARKETS (updated at 7.45am AEDT)
Gold: $US2,051.50 (+2.66%)
Silver: $US26.44 (+3.02%)
Oil (WTI): $US125.08 (+4.80%)
Oil (Brent): $US129.09 (+5.93%)
Coal: $US405.00 (-4.18%)
Aust Coking Coal (steelmaking): $435.70/t (0.00%)
Newcastle Coal (thermal): $197/t (0.00%)
Iron 62pc Fe: $US160.96 (+1.35%)
AUD/USD: $US0.7270 (-0.64%)
Bitcoin: $US38,503.94(+2.65%)
WHAT GOT YOU TALKING YESTERDAY?
A whole lotta nickel got you talking, and rightfully so, seeing as it marked its biggest one day move…EVER.
And our good ole Free Whelan column didn’t let you down, once again.
In his latest piece, VFS Group investment manager James Whelan discusses his thoughts and views on Russia’s invasion of Ukraine, inflation, and commodity spikes.
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 |
|---|---|---|---|---|
| NTL | New Talisman Gold | 0.002 | 100% | 2,193,043.00 |
| TZN | Terramin Australia | 0.032 | 45% | 4,044,109.00 |
| TMS | Tennant Minerals Ltd | 0.067 | 37% | 79,795,515.00 |
| ANL | Amani Gold Ltd | 0.002 | 33% | 999,275.00 |
| EPM | Eclipse Metals | 0.032 | 33% | 4,256,826.00 |
| VMG | VDM Group Limited | 0.002 | 33% | 204.00 |
| RAB | Adrabbit Limited | 0.028 | 33% | 751,810.00 |
| NOR | Norwood Systems Ltd. | 0.015 | 25% | 1,664,228.00 |
| GGX | Gas2Grid Limited | 0.0025 | 25% | 3,500,000.00 |
| AVW | Avira Resources Ltd | 0.006 | 20% | 14,577,462.00 |
| HHR | Hartshead Resources | 0.025 | 19% | 13,760,041.00 |
| BKY | Berkeley Energia Ltd | 0.24 | 17% | 51,892.00 |
| TGH | Terragen | 0.175 | 17% | 98,112.00 |
| MCT | Metalicity Limited | 0.007 | 17% | 776,300.00 |
| KCN | Kingsgate Consolid. | 1.58 | 17% | 3,360,745.00 |
| CG1 | Carbonxt Group | 0.29 | 16% | 471,323.00 |
| ECG | Ecargo Hldg | 0.029 | 16% | 94,580.00 |
| PG1 | Pearl Global Ltd | 0.023 | 15% | 514,212.00 |
| ESR | Estrella Res Ltd | 0.031 | 15% | 32,922,910.00 |
| BSA | BSA Limited | 0.105 | 14% | 181,547.00 |
| WIN | Widgienickellimited | 0.415 | 14% | 3,245,552.00 |
| REC | Rechargemetals | 0.125 | 14% | 143,040.00 |
| NSX | NSX Limited | 0.07 | 13% | 534,223.00 |
| SVY | Stavely Minerals Ltd | 0.41 | 12% | 790,483.00 |
| SBM | St Barbara Limited | 1.59 | 12% | 14,173,482.00 |
ASX nickel specialists like Nickel Mines (ASX:NIC) really enjoyed Tuesday, Justin Werner’s Indonesia-based producer gaining more than 7%.
Also up was Carlingup Nickel owner, the WA-based explorer NickelSearch (ASX:NIS) which says it’s done with a big aircore drilling program, and now it’s all about RC and diamond drilling for its flagship Carlingup in Ravensthorpe.
Staying with the diggers, Tennant Minerals (ASX:TMS) is cracking on, flagging a ‘spectacular’ copper strike at its Bluebird copper-gold project in Tennant Creek, NT.
Closing higher, Terramin Australia (ASX:TZN), running zinc and gold projects in South Australia and a JV in Algeria where its joint venture partners have “formally endorsed the Tala Hamza zinc project and agreed to proceed with the development of the project”.
“The ‘Decision to Mine’ clears the path for the issue of the mining permit by the Algerian mining regulator,” the company said.
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 |
|---|---|---|---|---|
| SMRR | Stanmore Resources - Rights 14-Mar-22 Def | 0.47 | -37% | 361,555.00 |
| TSC | Twenty Seven Co. Ltd | 0.0035 | -22% | 19,876,454.00 |
| RBR | RBR Group Ltd | 0.004 | -20% | 1,594,020.00 |
| AFW | Applyflow Limited | 0.0025 | -17% | 3,500,000.00 |
| BUD | Buddy Tech | 0.005 | -17% | 18,529,232.00 |
| ESH | Esports Mogul Ltd | 0.005 | -17% | 1,939,476.00 |
| EVE | EVE Health Group Ltd | 0.0025 | -17% | 5,111,908.00 |
| ROO | Roots Sustainable | 0.005 | -17% | 5,940,136.00 |
| HMI | Hiremii | 0.046 | -16% | 665,000.00 |
| MXI | Maxiparts Limited | 2.045 | -16% | 259,742.00 |
| PEB | Pacific Edge | 0.77 | -15% | 4,000.00 |
| TNY | Tinybeans Group Ltd | 0.45 | -15% | 39,260.00 |
| ENV | Enova Mining Limited | 0.017 | -15% | 1,000.00 |
| IEC | Intra Energy Corp | 0.017 | -15% | 649,410.00 |
| FME | Future Metals NL | 0.235 | -15% | 5,601,560.00 |
| M2M | Mtmalcolmminesnl | 0.094 | -15% | 53,409.00 |
| MBK | Metal Bank Ltd | 0.006 | -14% | 2,104,224.00 |
| MR1 | Montem Resources | 0.043 | -14% | 1,069,003.00 |
| K2F | K2Fly Ltd | 0.155 | -14% | 702,738.00 |
| FIN | FIN Resources Ltd | 0.025 | -14% | 437,001.00 |
| BGT | Bio-Gene Technology | 0.22 | -14% | 1,030,857.00 |
| CPM | Coopermetalslimited | 0.44 | -14% | 654,974.00 |
| C29 | C29Metalslimited | 0.16 | -14% | 13,800.00 |
| JPR | Jupiter Energy | 0.032 | -14% | 738,565.00 |
| TOY | Toys R Us | 0.13 | -13% | 181,959.00 |