On Stockhead today, Guy Le Page’s Galileo nearology special, all you need to know about ASX silver stocks, and an early winner declared in the ESG nickel race.

But first, the day ahead.

 

TRADING HALTS

The following companies are in trading halts or suspension and are expected out in the next few days:

EMVision Medical Devices (ASX:EMV) – Grant win by the company

Resolution Minerals (ASX:RML) – Capital raise

Future First Technologies (ASX:FFT) – Pending an announcement regarding an equity raising

 

MARKETS

Gold: $US1,799.01 (-0.67%)

Silver: $US21.131 (+0.28%)

Nickel (3mth): $US27,810/t (0.00%)

Copper (3mth): $US9,041.00/t (0.00%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, May 12): $US72,175/t (-3.3% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 12): $US72,775/t (-1.7% weekly)

Oil (WTI): $US109.97 (-0.52%)

Oil (Brent): $US110.65 (-0.85%)

Iron 62pc Fe: $US132.33 (+0.27%)

AUD/USD: $US0.6916 (-0.32%)

Bitcoin: $US29,746(-0.06%)

 

WHAT GOT YOU TALKING YESTERDAY?

This Q+A with Argosy Minerals’ MD Jerko Zuvela, touching on what makes the company a strong investment and what sets it apart from the rest.

 

 

Also explorers Conico (ASX:CNJ) and Greenstone Resources (ASX:GSR) getting ready to drill right next to Gailileo’s (ASX:GAL) beaut palladium and platinum hit.

 

 

 

YESTERDAY’S SMALL CAP WINNERS

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Infomedia (ASX:IFM) has come charging out of a very late Friday trading halt to be trading some 25% higher yesterday, thanks to a takeover offer from a US private equity-backed consortium, which includes Perth-based Viburnum Funds and the US private equity giant TA Associates.

Infomedia has come off an earlier 33% shake after it confirmed the $1.70 indicative, conditional and non-binding offer for 100 per cent of the media software play’s shares via a scheme of arrangement.

The consortium had become a new substantial shareholder of Infomedia with 14.5 per cent stake, Friday morning.

Consolidated Zinc (ASX:CZL) is the latest ASX stock to pivot to lithium, locking in a deal to buy WA-based Westoz Lithium for $740,000 in cash and shares.

Westoz Lithium has ~1,400km2 of ground near two of the world’s largest hard rock lithium deposits — Pilbara Minerals’ (ASX:PLS) Pilgangoora project and Mineral Resources’ (ASX:MIN) Wodgina project.

Global Lithium Resources’ (ASX:GL1) Marble Bar Lithium Project (MBLP) is also nearby, Reuben says.

Shares in cobalt and nickel explorer Galileo Mining (ASX:GAL) soared ~29% yesterday morning to ~70 cents after news regular rich lister and small cap mining investor Mark Creasy had topped up his holding. Creasy ponied up for 3m at 58c per share and now owns 26.35% of Galileo.

 

YESTERDAY’S SMALL CAP LOSERS

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