Rise and Shine: Everything you need to know before the ASX opens
Pic: An effigy of a naked Russian President Vladimir Putin sitting on a golden toilet outside Prague Castle, venue of an informal summit of the leaders of the European Council, during a protest by activists to demand more weapons for Ukraine on October 07, 2022 in Prague, Czech Republic. (Photo by Sean Gallup/Getty Images)
On Stockhead today, does Thunderbird’s approval ring the bell for mineral sands, investing (maybe) safely in uranium’s renaissance, and why Meta’s still the best short in town.
But first, the day ahead.
Today, it’s all about Aussie consumers.
The Commonwealth Bank (ASX:CBA) issues the monthly Household Spending Intentions report alongside the ABS’ Monthly Household Spending Indicator.
Meanwhile, ANZ (ASX:ANZ)/Roy Morgan issues the weekly survey of consumer confidence, while Westpac (ASX:WBC)/Melbourne Institute release the monthly consumer sentiment report.
In China, the week kicks off Tuesday with the release of new vehicle sales for September.
TRADING HALTS
The following companies are in trading halts and are expected out in the next few days:
Queensland Pacific Metals (ASX:QPM) – material investment and offtake agreement
Axiom Properties (ASX:AXI) – major strategic investment
Magnum Mining and Exploration (ASX:MGU) – major acquisition
Mayur Resources (ASX:MRL) – capital raising and board changes
Resolution Minerals (ASX:RML) – share placement and investment
GME Resources (ASX:GME) – capital raise
OpenLearning (ASX:OLL) – capital raise
Nagambie Resources (ASX:NAG) – capital raise
BPH Energy (ASX:BPH) – capital raise
Woomera Mining (ASX:WML) – capital raise
Kingsland Minerals (ASX:KNG) – assay results due from uranium drilling
Alchemy Resources (ASX:ALY) – capital raise
Metgasco (ASX: MEL) – capital raise
NickelX (ASX:NKL) – capital raise
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,679.52 (-0.89%)
Silver: $US19.796 (-1.56%)
Nickel (3mth): $US22,487/t (-1.29%)
Copper (3mth): $US7,457.50/t (-1.97%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 28): $US70,925/t (+102% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 28): $US70,800/t (+139.9% year-to-date)
Oil (WTI): $US92.281 (-0.37%)
Oil (Brent): $US97.45 (-0.46%)
Iron 62pc Fe: $US98.00 (0.00%)
AUD/USD: 0.63122 (-0.81%)
Bitcoin: $US19,311(-0.87%)
WHAT GOT YOU TALKING YESTERDAY?
Our chat with ex Lake (ASX:LKE), now QX Resources (ASX:QXR) boss Steve Promnitz.
$QXR MD Steve Promnitz sat down with @StockheadAU in an exclusive interview about leaving Lake Resources, and what attracted him to start it all again at QX Resources ⬇️$QXR.ax #lithium #gold #mining #ASXhttps://t.co/wbVdpHjjo8
— QX Resources (@QXResources) October 9, 2022
Keep up to date with Stockhead coverage or you’ll miss quality content 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 ASX SMALL CAP LEADERS:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| BEZ | Besragoldinc | 0.048 | 55% | 11,659,891 | $7,471,081.28 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | 14,787,237 | $23,693,441.13 |
| DDD | 3D Resources Limited | 0.0015 | 50% | 7,946,499 | $4,431,872.09 |
| AVW | Avira Resources Ltd | 0.004 | 33% | 622,512 | $6,356,370.00 |
| CPT | Cipherpoint Limited | 0.004 | 33% | 17,551,538 | $2,487,489.77 |
| OPN | Oppenneg | 0.13 | 30% | 318,265 | $14,723,811.20 |
| RGL | Riversgold | 0.049 | 26% | 22,472,000 | $30,232,407.50 |
| ACW | Actinogen Medical | 0.12 | 25% | 22,217,263 | $172,405,806.43 |
| PCL | Pancontinental Energ | 0.005 | 25% | 6,205,200 | $30,216,891.24 |
| GAS | State GAS Limited | 0.42 | 20% | 2,259,516 | $69,941,306.75 |
| LNY | Laneway Res Ltd | 0.006 | 20% | 166,288 | $34,019,226.79 |
| TNG | TNG Limited | 0.099 | 18% | 4,396,103 | $116,627,130.65 |
| RFR | Rafaella Resources | 0.041 | 17% | 1,758,866 | $11,465,729.63 |
| QXR | Qx Resources Limited | 0.085 | 16% | 54,396,327 | $64,375,949.43 |
| MM1 | Midasmineralsltd | 0.22 | 16% | 30,000 | $10,855,035.16 |
| PFE | Panteraminerals | 0.11 | 16% | 50,050 | $4,892,606.40 |
| CNR | Cannon Resources | 0.3 | 15% | 142,257 | $20,026,209.32 |
| ATU | Atrum Coal Ltd | 0.008 | 14% | 2,934,875 | $6,277,251.58 |
| MBK | Metal Bank Ltd | 0.004 | 14% | 5,507,651 | $9,127,363.56 |
| NIS | Nickelsearch | 0.16 | 14% | 349,462 | $8,442,758.94 |
| NNL | Nordicnickellimited | 0.285 | 14% | 147,271 | $14,601,667.50 |
| TSO | Tesoro Gold Ltd | 0.042 | 14% | 1,725,719 | $31,578,788.82 |
| WCN | White Cliff Min Ltd | 0.026 | 13% | 14,836,312 | $17,194,877.33 |
| VSR | Voltaic Strategic | 0.027 | 13% | 4,721,798 | $7,354,335.58 |
| ROO | Roots Sustainable | 0.0045 | 13% | 2,170,813 | $2,998,530.75 |
Besra Gold (ASX:BEZ) will raise $1m via placement at 9c per CDI — a substantial premium to the last closing price. The subscriber is US-based Quantum, already a big shareholder of the company.
Explorer Avira Resources (ASX:AVW) will buy a nickel-copper-cobalt project in Sweden.
Prop-tech company, Openn Negotiation (ASX:OPN), says its proprietary software is now live in the United States.
Biotech Actinogen Medical (ASX:ACW) announces positive Alzheimer’s disease clinical results.
LD-focused State Gas Limited (ASX:GAS) is attracting investment from leading energy sector experts St Baker.
The St Baker group, headed by Trevor St Baker, has a strong track record of successful energy sector investments in Australia and overseas, says GAS.
Under the strategic investment and associated placement $7m in new equity will be issued at a price of 28c per share (a 20% discount to the last-traded price of $0.35 and a 19.2% discount to the 10-day VWAP of $0.347).
YESTERDAY’S ASX SMALL CAP LAGGARDS:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AARR | Astral Resources NL | 0.002 | -80% | 834,350 | $596,179 |
| EAX | Energy Action Ltd | 0.09 | -33% | 23,948 | $3,643,461 |
| MEB | Medibio Limited | 0.001 | -33% | 365,825 | $4,980,891 |
| AMI | Aurelia Metals Ltd | 0.1525 | -29% | 15,888,455 | $266,049,001 |
| DUB | Dubber Corp Ltd | 0.4075 | -27% | 8,300,490 | $169,544,314 |
| CFO | Cfoam Limited | 0.003 | -25% | 1,200,000 | $2,935,363 |
| GTG | Genetic Technologies | 0.003 | -25% | 3,000,001 | $36,935,861 |
| HXL | Hexima | 0.02 | -23% | 536,549 | $4,153,208 |
| NUH | Nuheara Limited | 0.15 | -21% | 243,360 | $26,067,112 |
| MGG | Mogul Games Grp Ltd | 0.002 | -20% | 305,409 | $8,158,603 |
| TSC | Twenty Seven Co. Ltd | 0.002 | -20% | 500,000 | $12,551,568 |
| NME | Nex Metals Explorat | 0.03 | -19% | 120,000 | $9,879,874 |
| INP | Incentiapay Ltd | 0.009 | -18% | 175,166 | $13,915,700 |
| NAMR | Namoi Cotton Ltd | 0.05 | -17% | 221,147 | $1,966,950 |
| ADR | Adherium Ltd | 0.005 | -17% | 754,003 | $15,371,099 |
| RMX | Red Mount Min Ltd | 0.005 | -17% | 158,768 | $9,854,183 |
| RR1 | Reach Resources Ltd | 0.005 | -17% | 657,426 | $11,460,304 |
| YOJ | Yojee Limited | 0.054 | -16% | 1,011,007 | $72,459,358 |
| JLG | Johns Lyng Group | 5.59 | -15% | 5,255,216 | $1,724,419,656 |
| COO | Corum Group Limited | 0.028 | -15% | 255,500 | $19,692,974 |
| CNJ | Conico Ltd | 0.017 | -15% | 26,025,846 | $29,099,362 |
| CAI | Calidus Resources | 0.49 | -15% | 1,679,646 | $251,724,480 |
| CD1 | Cd Private Equity I | 0.92 | -14% | 107,433 | $39,292,519 |
| CBE | Cobre | 0.18 | -14% | 5,673,599 | $42,778,981 |
| SBR | Sabre Resources | 0.006 | -14% | 10,213,362 | $19,528,992 |
Aurelia Metals (ASX:AMI) shares tumbled as capital raising rumours overshadow Federation feasibility study.
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