Rise and Shine: Everything you need to know before the market opens
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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.
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
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%)
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.
$500m capped @ArgosyMinerals is now looking like being one of the #ASX’s next producers, with a manageable – but potentially lucrative – 2,000tpa operation set to begin churning out battery quality #lithium carbonate from mid-2022.
By @reubenadams6 $AGYhttps://t.co/B3Lw31exxa
— Stockhead (@StockheadAU) May 15, 2022
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.
A stunning palladium and platinum discovery by legendary prospector Mark Creasy’s Galileo Mining was the talk of the town last week.https://t.co/2NY0NXBNxN #Ad #ASX $CNJ pic.twitter.com/WtLras5Tgz
— Stockhead (@StockheadAU) May 16, 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.
Scroll or swipe to reveal table. Click headings to sort.
Code | Company | Last | % | Volume |
---|---|---|---|---|
GAL | Galileo Mining Ltd | 0.855 | 58% | 32,149,885 |
ANL | Amani Gold Ltd | 0.0015 | 50% | 18,922,622 |
VMG | VDM Group Limited | 0.0015 | 50% | 8,818,913 |
YPB | YPB Group Ltd | 0.0015 | 50% | 5,316,244 |
TYX | Tyranna Res Ltd | 0.008 | 33% | 43,594,232 |
DME | Dome Gold Mines Ltd | 0.285 | 33% | 423,707 |
CNJ | Conico Ltd | 0.021 | 31% | 116,140,633 |
IFM | Infomedia Ltd | 1.65 | 29% | 4,994,125 |
ODE | Odessa Minerals Ltd | 0.018 | 29% | 1,814,097 |
CZL | Cons Zinc Ltd | 0.025 | 25% | 18,660,316 |
RCR | Rincon | 0.135 | 23% | 75,863 |
AR1 | Australresources | 0.285 | 21% | 3,928,296 |
TIG | Tigers Realm Coal | 0.02 | 21% | 7,021,159 |
EPN | Epsilon Healthcare | 0.035 | 21% | 538,170 |
GSR | Greenstone Resources | 0.042 | 20% | 19,733,442 |
GGX | Gas2Grid Limited | 0.003 | 20% | 5,450,331 |
GTI | Gratifii | 0.024 | 20% | 3,693,711 |
AHK | Ark Mines Limited | 0.37 | 19% | 155,421 |
HMI | Hiremii | 0.051 | 19% | 437,181 |
FRM | Farm Pride Foods | 0.16 | 19% | 12,500 |
PUA | Peak Minerals Ltd | 0.013 | 18% | 908,171 |
FRB | Firebird Metals | 0.33 | 18% | 106,919 |
RTH | Ras Tech | 0.635 | 18% | 70,000 |
GTE | Great Western Exp. | 0.088 | 17% | 208,045 |
AEI | Aeris Environmental | 0.061 | 17% | 2,000 |
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.
Scroll or swipe to reveal table. Click headings to sort.
Code | Company | Last | % | Volume |
---|---|---|---|---|
STP | Step One Limited | 0.21 | -56% | 15,375,448 |
MEM | Memphasys Ltd | 0.039 | -24% | 4,060,060 |
HHI | Health House Int Ltd | 0.015 | -17% | 254,692 |
ILA | Island Pharma | 0.15 | -17% | 302,492 |
AO1 | Assetowl Limited | 0.0025 | -17% | 900,000 |
CT1 | Constellation Tech | 0.005 | -17% | 984,285 |
WFL | Wellfully Limited | 0.062 | -16% | 1,856,647 |
IRI | Integrated Research | 0.575 | -15% | 1,332,409 |
IGN | Ignite Ltd | 0.14 | -15% | 1,622,112 |
IVO | Invigor Group Ltd | 0.023 | -15% | 250 |
CTO | Citigold Corp Ltd | 0.006 | -14% | 694,048 |
MTH | Mithril Resources | 0.006 | -14% | 12,736,974 |
SIH | Sihayo Gold Limited | 0.003 | -14% | 503,129 |
CBE | Cobre | 0.043 | -14% | 1,232,597 |
BMM | Balkanminingandmin | 0.285 | -14% | 14,950 |
PBX | Pacific Bauxite Ltd | 0.13 | -13% | 205,322 |
BXN | Bioxyne Ltd | 0.013 | -13% | 3,625,625 |
ICE | Icetana Limited | 0.026 | -13% | 377,005 |
PLG | Pearlgullironlimited | 0.052 | -13% | 180,090 |
AJQ | Armour Energy Ltd | 0.007 | -13% | 900,000 |
ARO | Astro Resources NL | 0.0035 | -13% | 3,066,009 |
DXN | DXN Limited | 0.007 | -13% | 721,780 |
RIM | Rimfire Pacific | 0.007 | -13% | 727,120 |
TD1 | Tali Digital Limited | 0.007 | -13% | 4,529,617 |
TSC | Twenty Seven Co. Ltd | 0.0035 | -13% | 776,760 |