Rise and Shine: Everything you need to know before the market opens

On Stockhead today, PLS boss Ken Brinsden reckons the lithium boom has plenty more boom, are high growth stocks getting a bad rap, and eight – eight! – IPOs hitting the ASX this week.

But first … the day ahead.

No big economic data will be used, but the week does kick off with the Australian Bureau of Stats’ retail trade data.

Data has already shown that retail trade increased by 1.8% in February – today’s data will provide more insights on where the money is being spent, CommSec says.

Two important forward-looking indicators will also be released Monday: jobs (ANZ) and consumer prices (Melbourne Institute).

Here’s the full rundown on what else to expect in data this week.

WHO’S LISTING?

TOP END ENERGY (ASX:TEE)

IPO: $6.4m at $0.20

Listing: 1pm AEST

This oil, gas, and helium explorer has projects in Queensland and the Northern Territory. Its flagship is the 4,185sqkm ‘Tri-Star’ project in Central QLD, where there is potential for a CSG reservoir based on some drilling done in 1988.

In the Northern Territory, the company will hold a 50% interest in 30 hydrocarbon exploration permit applications totalling ~160,000km2.

TEE is also keen to acquire renewable energy projects, including green hydrogen, conventional renewable energy generation (wind, solar), and carbon capture and storage.

To read more about the who’s who in the listing queue check out our latest IPO Wrap. 

TRADING HALTS

The following companies are in trading halts and are expected out in the coming days:

BPM Minerals (ASX:BPM) – capital raising

Cannindah Resources (ASX: CAE) – capital raising

Tennant Minerals (ASX:TMS) – capital raising

Zenith Minerals (ASX:ZNC) – material lithium drilling results from the Split Rocks project

Buxton Resources (ASX:BUX) – capital raising

Sovereign Metals (ASX:SVM) – updated Mineral Resource Estimate at Kasiya

LawFinance (ASX:LAW) – capital raising

Payright (ASX:PYR) – capital raising

RPM Automotive Group (ASX:RPM) – two acquisitions

Domain (ASX:DHG) – acquisition, capital raising

Ozgrowth (ASX:OZG) – alleged breach of scheme implementation agreement

Berkeley Energia (ASX:BKY) – settlement of litigation

WestOz Investment Company (ASX:WIC) – alleged breach of scheme implementation agreement

MARKETS (updated at 8am AEDT)

Gold: $US1,924.57 (-0.65%)

Silver: $US24.61 (-0.64%)

Oil (WTI): $US99.27 (-1.01%)

Oil (Brent): $US104 (-0.03%)

Aust Coking Coal (steelmaking): $599.30/t (-1.3%)

Newcastle Coal (thermal): $325.00/t (0.00%)

Iron 62pc Fe: $US154 (+0.65%)

AUD/USD: $US0.74 (-0.06%)

Bitcoin: $US45,830 (-0.72%)

WHAT GOT YOU TALKING OVER THE WEEKEND?

Benchmark Mineral Intelligence boss Simon Moores says car makers need to actually get involved with mining if they want to make EVs at scale.

Eye on Lithium: Benchmark says EV makers need to become lithium miners @StockheadAU https://t.co/u3WGuGVU2Z

— Simon Moores (@sdmoores) April 2, 2022

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

LAST WEEK’S BIGGEST SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for March 28 – April 1 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

On Monday, Tempest Minerals (ASX:TEM) surged after making a big copper discovery in its very first hole at ‘Orion’, part of the flagship ‘Meleya’ project in WA.

On Tuesday, newly listed Recharge Metals (ASX:REC) hit 300m of copper mineralisation in drilling at the flagship ‘Brandy Hill South’ project, also in WA.

It gained 238% for the day.

On Wednesday, Culpeo Minerals (ASX:CPO) hit the copper motherlode in its very first drillhole at the historical ‘Lana Corina’ project in Chile.

Three potentially company making discoveries in three days. Unheard of.

LAST WEEK’S BIGGEST SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for March 28 – April 1 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

A bad week for Seafarms Group (ASX:SFG) and its ambitious top end Project Sea Dragon (PSD) – a madcap tiger prawn farm venture in the far north of Australia.

Unfortunately, Project Sea Dragon has been dragging its tail rather badly. In fact, it looks like there’ll be a circa three-year delay after a review found the project as it stands poses an “unacceptable risk”, and will need to be scrapped entirely and rebooted from its current shape.