On Stockhead today, Guy Le Page is looking at junior bargains, four reasons G Sachs is wrong about lithium, and why this crypto meltdown ain’t so bad…

But first, the day ahead.

Local shares are set to open lower today. At 8am AEST, the ASX 200 June futures is pointing down by 0.60%.

TRADING HALTS

Orion Minerals (ASX:ORN) – capital raising

Equity Story Group (ASX:EQS) – receipt of a new regulatory registration

Resource Mining Corporation (ASX:RMI) – capital raising

Celsius Resources (ASX:CLA) – board and management changes

Medibio (ASX:MEB) – capital raising

Blue Star Helium (ASX:BNL) – release of an announcement regarding the Enterprise 16-1 well

Tombola Gold (ASX:TBA) – potential material acquisition transaction

Critical Resources (ASX:CRR) – results from Mavis Lake drilling program

Dreadnought Resources (ASX:DRE) – exploration results

Sovereign Metals (ASX:SVM) – expanded scoping study at Kasiya

Chase Mining (ASX:CML) – material acquisition

 

MARKETS

Gold: $US1808.15 (-0.58%)

Silver: $US21.08 (+0.14%)

Nickel (3mth): $US25,215/t (-2.75%)

Copper (3mth): $US9,147.50/t (-1.90%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 8): $US69,750/t (0.4% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 8): $US70,875/t (0.0% weekly)

Oil (WTI): $US119.06 (-1.55%)

Oil (Brent): $US121.00 (-1.04%)

Iron 62pc Fe: $US140.09 (-0.18%)

AUD/USD: 0.6876 (-0.2%)

Bitcoin: $US21,453 (-6.87%)

 

WHAT GOT YOU TALKING YESTERDAY?

Yesterday’s bloodbath…not just on the ASX but in the crypto-space too, which Stockhead’s Rob Badman said had something to do with ‘a casserole of crypto consternation’.

 

 

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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.

 

YESTERDAY’S BIGGEST SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for June 5 – June 10:

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

The brave little explorer  Hamelin Gold (ASX:HMG) listed late 2021 as a spin-out of Encounter Resources (ASX:ENR) with a focus on the remote, mineral rich Tanami Desert.

Majors Gold Fields and Silver Lake Resources (ASX:SLR)  each snatched up a 10% stake on listing, which they’ve stuck to with patience.

Drilling is ongoing across multiple prospects at the flagship West Tanami project, the company said today.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

Here are the best performing ASX small cap stocks for June 5 – June 10:

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

Code Company Last % Volume
ARE Argonaut Resources 0.002 -33% 6,676,909
AYM Australia United Min 0.004 -33% 298,920
EVE EVE Health Group Ltd 0.001 -33% 22,232,332
PRM Prominence Energy 0.002 -33% 261,002,249
ABV Adv Braking Tech Ltd 0.021 -32% 476,419
IVO Invigor Group Ltd 0.029 -29% 367,262
PXX Polarx Limited 0.013 -28% 9,558,001
RIE Riedel Resources Ltd 0.008 -27% 7,554,680
MTM Mtmongerresources 0.11 -27% 363,968
PRS Prospech Limited 0.033 -25% 37,500
MCT Metalicity Limited 0.003 -25% 6,719,111
MRQ Mrg Metals Limited 0.006 -25% 2,167,281
NAE New Age Exploration 0.006 -25% 13,387,444
OEX Oilex Ltd 0.003 -25% 1,020,118
KNG Kingsland Minerals 0.15 -25% 781,229
WA1 Wa1Resourcesltd 0.12 -25% 128,514
AWV Anova Metals Ltd 0.009 -25% 1,283,744
FGL Frugl Group Limited 0.009 -25% 410,555
IEC Intra Energy Corp 0.009 -25% 958,008
WEC White Energy Company 0.009 -25% 1,844,458
DEL Delorean Corporation 0.095 -24% 3,868,423
GCR Golden Cross 0.07 -24% 72,153
AGD Austral Gold 0.048 -24% 567,010
WR1 Winsome Resources 0.24 -24% 7,264,070
S3N Sensore Ltd 0.38 -23% 48,699