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Rise and Shine: Everything you need to know before the market opens
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On Stockhead today, Rick Rule’s ready for another uranium binge, all the big ASX winners in May and how biotechs have changed cancer treatment.
But first, the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Credit Clear Limited (ASX:CCR) – trading halt, pending an anticipated capital raise
Kopore Metals Limited (ASX: KMT) – trading halt, pending an anticipated capital raise
Meteoric Resources NL (ASX:MEI)– trading halt, pending an announcement regarding a potential asset disposal
Victory Offices (ASX:VOL) – trading halt, pending an update on its portfolio of office locations
MARKETS
Gold: $US1,837.20 (-1.03%)
Silver: $US21.55 (-1.85%)
Nickel (3mth): $US28,235/t (+3.98%)
Copper (3mth): $US9,534.50/t (+0.47%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 1): $US69,450/t (0.1% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 1): $US70,875/t (0.0% weekly)
Oil (WTI): $US115.15 (-1.78%)
Oil (Brent): $US116.29 (-4.42%)
Iron 62pc Fe: $US133.51 (+0.52%)
AUD/USD: $US0.7182 (+0.07%)
Bitcoin: $US31,846 (+0.47%)
WHAT GOT YOU TALKING YESTERDAY?
That bearish GS report on lithium.
Eye on Lithium: Canaccord mining analyst disagrees with Goldman Sachs – 'lithium supply always disappoints' – Stockhead https://t.co/YnvQeGpO0t
— Thematica (@Thematicafunds) June 1, 2022
Not much love for lithium haters out there, but hey, the bagholders were prolly a little cranky over that Chinese report and looking for any crutch they could find.
And yeah, we try to avoid dropping sponsored tweets in here but there’s no doubt who all the Likes are for here:
Ionic could as much as double recently upgraded resources at its Makuutu rare earths project in Uganda if future drilling validates its recently revised exploration target.https://t.co/HAuzX6kelM #ad #ASX $IXR
— Stockhead (@StockheadAU) June 1, 2022
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| JAV | Javelin Minerals Ltd | 0.002 | 100% | 750,000 | $9,354,153 |
| ARO | Astro Resources NL | 0.0045 | 50% | 42,327,637 | $14,115,724 |
| MHI | Merchant House | 0.075 | 39% | 19,779 | $5,090,391 |
| RBR | RBR Group Ltd | 0.004 | 33% | 200,000 | $3,862,861 |
| CLG | Close Loop | 0.47 | 27% | 1,815,503 | $123,007,047 |
| HXL | Hexima | 0.35 | 25% | 121,440 | $44,726,850 |
| ATR | Astron Corp Ltd | 0.665 | 21% | 49,867 | $67,362,393 |
| DVL | Dorsavi Ltd | 0.018 | 20% | 545,400 | $5,308,219 |
| AUA | Audeara | 0.09 | 20% | 180,261 | $4,814,949 |
| HCT | Holista CollTech Ltd | 0.03 | 20% | 191,121 | $6,883,727 |
| VAN | Vango Mining Ltd | 0.055 | 17% | 1,685,016 | $59,217,069 |
| RCW | Rightcrowd | 0.09 | 17% | 73,644 | $20,126,667 |
| ARE | Argonaut Resources | 0.0035 | 17% | 15,910,942 | $10,818,614 |
| EMUCA | EMU NL - 3C Pd, 3C Unpd | 0.007 | 17% | 18,386 | $242,910 |
| MTH | Mithril Resources | 0.007 | 17% | 95,700 | $17,521,398 |
| NNL | Nordicnickellimited | 0.29 | 16% | 4,413,491 | $14,585,001 |
| WMG | Western Mines | 0.22 | 16% | 372,675 | $6,960,175 |
| DUN | Dundasminerals | 0.15 | 15% | 3,367 | $4,845,870 |
| 1ST | 1St Group Ltd | 0.008 | 14% | 125,627 | $3,879,077 |
| AUK | Aumake Limited | 0.008 | 14% | 1,603,000 | $5,400,128 |
| OEX | Oilex Ltd | 0.004 | 14% | 409,340 | $25,087,267 |
| GFN | Gefen Int | 0.16 | 14% | 30,000 | $8,552,721 |
| CCZ | Castillo Copper Ltd | 0.017 | 13% | 8,907,932 | $19,492,580 |
| IAM | Income Asset | 0.225 | 13% | 74,581 | $55,244,164 |
| HMI | Hiremii | 0.064 | 12% | 549,838 | $6,034,428 |
Castillo Copper (ASX:CCZ) has declared a maiden 21,556 tonne cobalt resource (64 million tonnes at 318 parts per million) at the BHA project in NSW.
The resource at BHA’s ‘East Zone’ — at relatively shallow depths between 2-80m — also includes 44,260t of copper (63Mt at 0.07%).
The company says there’s a whole lotta other prospects still outside the current mineral resource estimate, so they reckon there’s still “considerable potential” to expand the cobalt-copper resource with new extensional drilling.
Astro Resources (ASX:ARO) has managed to buck the lithium-bashing trend, posting a decent jump on the back of the announcement it’s staked some highly-prospective lithium claims in the Kibby Basin, Nevada – and grabbed 80% (with the right to increase to 100%) of Greenvale Mining’s Georgina IOCG Project in the new East Tennant Mineral Province of the NT.
Greenvale Energy (ASX:GRV) shares also climbed after it let everyone know that it’s getting serious about geothermal energy production by buying Within Energy, bagging its three tenure applications in Queensland along the way.
Nordic Nickel (ASX:NNL), the latest listed nickel sulphide explorer is ahead by double-digits. NNL raised $12m at 25c per share via its IPO , the funding will go towards a portfolio of assets in Finland’s Central Lapland Greenstone Belt (CLGB).
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| BEX | Bikeexchange Ltd | 0.018 | -33% | 191,805 | $5,070,722 |
| RMI | Resource Mining Corp | 0.105 | -30% | 13,928,224 | $60,850,962 |
| ANL | Amani Gold Ltd | 0.0015 | -25% | 2,054,567 | $46,586,882 |
| PLS | Pilbara Min Ltd | 2.29 | -22% | 124,125,519 | $8,781,660,869 |
| CXO | Core Lithium | 1.1075 | -21% | 52,227,300 | $2,416,632,608 |
| VPR | Volt Power Group | 0.002 | -20% | 1,064,451 | $23,361,334 |
| EVE | EVE Health Group Ltd | 0.001 | -20% | 2,375,000 | $5,387,045 |
| CTE | Cryosite Limited | 0.555 | -20% | 59,145 | $33,678,598 |
| GPR | Geopacific Resources | 0.093 | -19% | 5,264,172 | $59,713,364 |
| AIV | Activex Limited | 0.039 | -19% | 644,000 | $10,377,724 |
| LTR | Liontown Resources | 1.15 | -19% | 55,202,274 | $3,101,998,655 |
| SCN | Scorpion Minerals | 0.086 | -18% | 1,135,843 | $34,842,275 |
| ATP | Atlas Pearls Ltd | 0.034 | -17% | 943,032 | $17,542,742 |
| IOU | Ioupay Limited | 0.068 | -17% | 5,148,603 | $45,215,789 |
| SYA | Sayona Mining Ltd | 0.1825 | -17% | 89,381,453 | $1,581,376,238 |
| BNR | Bulletin Res Ltd | 0.175 | -17% | 3,859,049 | $60,919,131 |
| CLE | Cyclone Metals | 0.005 | -17% | 28,837,784 | $36,625,422 |
| SBR | Sabre Resources | 0.005 | -17% | 19,974,667 | $16,734,989 |
| XST | Xstate Resources | 0.0025 | -17% | 380,571 | $9,645,545 |
| AKE | Allkem Limited | 11.54 | -16% | 9,366,108 | $8,742,292,359 |
| NML | Navarre Minerals Ltd | 0.067 | -15% | 12,879,049 | $107,809,100 |
| MMG | Monger Gold Ltd | 0.255 | -15% | 807,156 | $7,500,000 |
| LPI | Lithium Pwr Int Ltd | 0.52 | -15% | 6,838,706 | $212,978,357 |
| INR | Ioneer Ltd | 0.495 | -15% | 11,498,205 | $1,212,953,664 |
| ORG | Origin Energy | 5.87 | -14% | 25,545,354 | $12,064,295,836 |
Lithium stocks, basically. Apparently ‘cos China’s BVD Co has bought six (Joker: Six) ready to roll African lithium mines that can produce over 25 MTPA of lithium ore and deliver first Li next month.
That is productive.
