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Rise and Shine: Everything you need to know before the market opens
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On Stockhead today, the top 50 ASX miners and explorers for March, the zinc IPO that’s up 265pc already, and how to play a global food shortage.
But first, the day ahead.
WHO’S LISTING?
Listing: 6 April
IPO: $8.5m at $0.20
The explorer’s namesake Sarytogan deposit is in the Karaganda region of Central Kazakhstan.
There are two large zones of graphitised sediments in the Sarytogan area: the Central and North graphite zones and the project has a mineral resource estimate of 209mt at 28.4% total graphitic carbon with 60,000t of contained graphite.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
PVW Resources ASX:PVW) – capital raising
Orcoda (ASX:ODA) – capital raising
Energy NL (ASX:NWE) – capital raising
Xanadu Mines (ASX:XAM) – in response to the price & volume query issued by the ASX
Inca Minerals (ASX:ICG) – pending assay results
Okapi Resources (ASX:OKR) – material acquisition
Hartshead Resources NL (ASX:HHR) – pending a material update to gas volumes at the Production Seaward License P2607
Strandline Resources (ASX:STA) – capital raising
Golden Deeps (ASX:GED) – capital raising
Legacy Iron Ore (ASX:LCY) – execution of a joint venture agreement in relation to the Mt Bevan iron ore project
European Lithium (ASX:EUR) – capital raising
Nova Minerals (ASX:NVA) – pending an announcement regarding the investment in Snow Lake Resources
Hawthorn Resources (ASX:HAW) – managing continuous disclosure obligations ahead of an announcement in relation to the execution of a joint venture agreement of the Mt Bevan iron ore project
Marquee Resources (ASX:MQR) – capital raising
MARKETS (updated at 8am AEDT)
Gold: $US1,921.82 (-0.50%)
Silver: $US24.29 (-0.87%)
Oil (WTI): $US100.90 (-2.30%)
Oil (Brent): $US105.53 (-1.86%)
Aust Coking Coal (steelmaking): $406.7/t (-9.6%)
Newcastle Coal (thermal): $264/t (+2.0%)
Iron 62pc Fe: $US161.25 (-0.36%)
AUD/USD: $US0.7584 (+0.1%)
Bitcoin: $US45,810 (-2%)
WHAT GOT YOU TALKING YESTERDAY?
Our Eye on Lithium column got you talking.
BloombergNEF says demand for the battery metal will jump fivefold by the end of the decade
– BloombergNEF says $14 billion is needed to finance lithium refining by 2025
– @MtMongerRes $MTM flags potentially lithium-bearing pegmatites at Albion project in WA
– @Riversgold_Ltd $RGL confirms lithium at the Bengal prospect of its Tambourah project
https://t.co/dqu8reNZKy pic.twitter.com/G69VwTDerx— Stockhead (@StockheadAU) April 5, 2022
And Ionic’s soon-to-be acquisition of magnet recycling tech firm Seren Technologies got you looking.
Ionic is moving to complete the acquisition of rare earths separation and magnet recycling tech firm Seren Technologies.https://t.co/8oT0LnYXmD #ad #ASX $IXR
— Stockhead (@StockheadAU) April 4, 2022
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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 at 10.20am each day 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).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Description | Price | % | Volume |
|---|---|---|---|---|
| YPB | YPB Group Ltd | 0.002 | 33.3% | 39,870 |
| AO1 | Assetowl Limited | 0.003 | 20.0% | 770,000 |
| FG1 | Flynngold | 0.205 | 36.7% | 2,609,868 |
| XST | Xstate Resources | 0.004 | 33.3% | 8,762,064 |
| SVM | Sovereign Metals | 0.76 | 26.7% | 6,087,221 |
| SER | Strategic Energy | 0.034 | 25.9% | 1,591,466 |
| AFW | Applyflow Limited | 0.0025 | 0.0% | 188,933 |
| AMD | Arrow Minerals | 0.005 | 11.1% | 15,641,302 |
| BAT | Battery Minerals Ltd | 0.01 | 25.0% | 5,731,206 |
| GGX | Gas2Grid Limited | 0.0025 | 25.0% | 995,017 |
| OEX | Oilex Ltd | 0.005 | 25.0% | 65,385,798 |
| ATU | Atrum Coal Ltd | 0.016 | 23.1% | 6,934,957 |
| MTM | Mtmongerresources | 0.22 | 22.2% | 1,749,888 |
| ADY | Admiralty Resources. | 0.018 | 20.0% | 499,092 |
| AEI | Aeris Environmental | 0.09 | 20.0% | 931,587 |
| PYR | Payright Limited | 0.18 | 20.0% | 241,742 |
| NCR | Nucoal Resources Ltd | 0.012 | 20.0% | 2,496,521 |
| PCL | Pancontinental Energ | 0.006 | 20.0% | 4,895,189 |
| XAM | Xanadu Mines Ltd | 0.037 | 19.4% | 8,399,609 |
| BDX | Bcaldiagnostics | 0.125 | 19.0% | 90,000 |
| DRX | Diatreme Resources | 0.025 | 19.0% | 18,346,380 |
| SW1 | Swift Networks Group | 0.019 | 18.8% | 39,367 |
| HHI | Health House Int Ltd | 0.033 | 17.9% | 131,514 |
| EMU | EMU NL | 0.021 | 16.7% | 2,487,097 |
| TRU | Truscreen | 0.07 | 16.7% | 615,072 |
BNPL player Payright (ASX:PYR) provides a BNPL service for merchant clients to offer customers, with a focus on bigger-ticket items.
The company announced a $125 million warehouse funding facility with senior lender Goldman Sachs and mezzanine arranger iPartners, which it said will reduce cost of funding by 5.5% and add an additional $4.4m in annual cash flows.
Sovereign Metals (ASX:SVM) says it’s updated the mineral resource estimate (MRE) for its Kasiya project in Malawi – and ladies and gentlemen – it’s a rather large 1.8 billion tonnes at 1.01% rutile. The largest ever.
Meanwhile, up on no news at all is Mitre Mining (ASX:MMC), a freshly minted small cap with a hankering for lithium, rare earths, gold, and base metals in the mineral rich Lachlan Fold Belt of NSW.
Iron ore-nickel-cobalt explorer/project developer Admiralty Resources (ASX:ADY) has been largely MIA in 2022.
In February last year, ADY signed a deal to hopefully commercialise its Mariposa iron ore project in Chile.
The 420m market cap stock is up 80% year-to-date. It had $1.7m in the bank at the end of December.
Mineral Resources Limited (ASX: MIN) and JV buddy, Albemarle Corporation (NYSE: ALB) say that thanks to increasing demand for lithium they’ll likewise lift production from the Wodgina and Mt Marion spodumene mines in WA.
The miners will accelerate resumption of production from Train 2 at Wodgina with first spodumene concentrate from this train expected in July.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(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 |
|---|---|---|---|---|
| MHI | Merchant House | 0.051 | -48.0% | 741 |
| EVE | EVE Health Group Ltd | 0.0015 | -25.0% | 50,000 |
| AQC | Auspaccoal Ltd | 0.165 | -25.0% | 56,161 |
| MAP | Microba Life Sciences | 0.34 | -24.4% | 3,837,222 |
| JXT | Jaxstaltd | 0.028 | -24.3% | 9,096,273 |
| TEM | Tempest Minerals | 0.1 | -23.1% | 44,042,769 |
| BAS | Bass Oil Ltd | 0.002 | -20.0% | 6,537,185 |
| PUR | Pursuit Minerals | 0.034 | -17.1% | 37,593,460 |
| SFM | Santa Fe Minerals | 0.15 | -16.7% | 56,103 |
| ICN | Icon Energy Limited | 0.02 | -16.7% | 892,476 |
| TYX | Tyranna Res Ltd | 0.005 | -16.7% | 500,811 |
| QEM | QEM Limited | 0.235 | -16.1% | 818,037 |
| SGI | Stealth Global | 0.11 | -15.4% | 253,605 |
| GML | Gateway Mining | 0.011 | -15.4% | 6,795,293 |
| CRB | Carbine Resources | 0.023 | -14.8% | 640,820 |
| AZL | Arizona Lithium Ltd | 0.205 | -14.6% | 92,049,258 |
| LRV | Larvottoresources | 0.235 | -14.5% | 813,917 |
| BUD | Buddy Tech | 0.006 | -14.3% | 1,026,578 |
| BRX | Belararoxlimited | 0.715 | -13.9% | 762,164 |
| ENT | Enterprise Metals | 0.019 | -13.6% | 4,520,533 |
| RAB | Adrabbit Limited | 0.013 | -13.3% | 430,610 |
| GW1 | Greenwing Resources | 0.43 | -13.1% | 972,764 |
| CZL | Cons Zinc Ltd | 0.041 | -12.8% | 5,195,140 |
| B4P | Beforepay Group | 0.73 | -12.6% | 115,130 |
| AQX | Alice Queen Ltd | 0.007 | -12.5% | 1,080,000 |
Down over 16%, smartglobe maker Buddy Technologies (ASX:BUD) has been asked by the ASX to justify its listing on the Exchange for the third time after it posted a half-year loss of $50m earlier this year.
Music attribution aggregator Jaxsta (ASX:JXT) dipped sharply, after announcing a funding deal with licensing platform Songtradr.
The deal will see Songtrader provide JXT with an interest-free loan of $1.7m, which if approved by shareholders will give Songtradr the right to provide an additional $1.3m as part of a $3m convertible note.
The note will be convertible by Songtradr into fully paid ordinary Jaxsta shares at 2.1c, a material discount to yesterday’s closing price of 3.4c.
