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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’.
To keep up to date with Stockhead coverage, follow our Twitter page.
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
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 | Price | % | Volume |
|---|---|---|---|---|
| T3D | 333D Limited | 0.002 | 100% | 415,066 |
| RAP | Resapp Health Ltd | 0.165 | 50% | 5,516,196 |
| SIT | Site Group Int Ltd | 0.004 | 33% | 11,640,157 |
| MBK | Metal Bank Ltd | 0.005 | 25% | 4,804,404 |
| SIX | Sprintex Ltd | 0.058 | 23% | 30,000 |
| AHN | Athena Resources | 0.028 | 22% | 41,921,109 |
| AXP | AXP Energy Ltd | 0.006 | 20% | 19,918,928 |
| ADX | ADX Energy Ltd | 0.008 | 14% | 9,741,548 |
| GED | Golden Deeps | 0.016 | 14% | 15,608,726 |
| LKE | Lake Resources | 1.59 | 14% | 46,367,790 |
| IPT | Impact Minerals | 0.009 | 13% | 18,889,315 |
| RML | Resolution Minerals | 0.009 | 13% | 4,632,755 |
| RAS | Ragusa Minerals Ltd | 0.099 | 13% | 4,733,007 |
| OZM | Ozaurum Resources | 0.185 | 12% | 488,063 |
| TMR | Tempus Resources Ltd | 0.068 | 11% | 898,539 |
| PNX | PNX Metals Limited | 0.005 | 11% | 250,000 |
| MRD | Mount Ridley Mines | 0.0055 | 10% | 6,871,835 |
| OAU | Ora Gold Limited | 0.011 | 10% | 142,300 |
| SUH | Southern Hem Min | 0.022 | 10% | 80,000 |
| ALB | Albion Resources | 0.11 | 10% | 118,094 |
| SFM | Santa Fe Minerals | 0.11 | 10% | 5,187 |
| DAL | Dalaroometalsltd | 0.09 | 10% | 48,758 |
| NFL | Norfolkmetalslimited | 0.175 | 9% | 66,658 |
| HMG | Hamelingoldlimited | 0.12 | 9% | 54,035 |
| AEV | Avenira Limited | 0.013 | 8% | 2,315,000 |
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 |