On Stockhead today, ASX stocks leading the recurring revenue race, how to find strength in a weak market, and the IEA kills Goldman’s lithium call cold.
But first, the day ahead.
Local shares are set to open higher today. At 8am AEDT, the ASX 200 August futures is pointing up by 0.50%.
Who’s listing?
No-one. Come on.
TRADING HALTS
Tempest Minerals (ASX:TEM) – New mineral project acquisition
Orica (ASX:ORI) – Orica’s working on a corporate transaction and associated equity raising, which sounds super-complicated so we’d better leave them some time and space to get it done.
Zimi (ASX:ZMM) – Zimi wants some Stimmy, in the form of a capital raise.
Arafura Resources (ASX:ARU) – Capital raise, and possible werewolf convention. Aruuuuuu!
Cobre (ASX:CBE) – Capital raise, which is possibly because they just got the champagne bill from the company’s post-price-jump knees-up, after its galaxy-sized 592% rocket ride this month
Zimi (ASX:ZMM) – Capital raising
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,762.71 (+0.31%)
Silver: $US20.09 (+0.48%)
Nickel (3mth): $US22,590/t (+0.44%)
Copper (3mth): $US7,710/t (-1.24%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t
Oil (WTI): $US90.74 (-3.71%)
Oil (Brent): $US96.98 (-3.37%)
Iron 62pc Fe: $US110.11 (-2.87%)
AUD/USD: 0.6950(+0.30%)
Bitcoin: $US23,315 (+1.37%)
WHAT GOT YOU TALKING YESTERDAY?
Senior resource journo and ex-Kalgoorlie local, Josh Chiat, has been covering the ‘Woodstock of mining conferences’ as he calls it – otherwise known as Diggers and Dealers.
His piece on nickel demand going out of control, a rise of something like 2 to 4 times over in the next 30 years, got you all looking.
Even more crazy – “BHP’s Nickel West boss Jessica Farrell told delegates at the Diggers and Dealers Mining Forum in Kalgoorlie demand for nickel to 2050 would increase 200-300% on the previous three decades,” Chiat writes.
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. 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 preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell
YESTERDAY’S 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 |
|---|---|---|---|---|
| VOL | Victory Offices Ltd | 0.035 | 106% | 1,517,415 |
| RAP | Resapp Health Ltd | 0.18 | 50% | 30,226,656 |
| MEB | Medibio Limited | 0.0015 | 50% | 2,535,324 |
| BSX | Blackstone Ltd | 0.24 | 26% | 9,414,695 |
| PRM | Prominence Energy | 0.0025 | 25% | 2,133,566 |
| PSL | Paterson Resources | 0.036 | 24% | 1,693,973 |
| IPD | Impedimed Limited | 0.085 | 23% | 2,383,675 |
| FRM | Farm Pride Foods | 0.2 | 21% | 40,039 |
| AVH | Avita Medical | 2.07 | 21% | 1,002,775 |
| FHE | Frontier Energy Ltd | 0.3 | 20% | 576,608 |
| MMM | Marley Spoon | 0.3 | 20% | 555,532 |
| AL3 | Aml3D | 0.093 | 19% | 1,523,471 |
| NFL | Norfolk Metals | 0.155 | 19% | 46,221 |
| PKO | Peako Limited | 0.02 | 18% | 1,791,978 |
| PVE | Po Valley Energy Ltd | 0.08 | 18% | 1,689,065 |
| ATX | Amplia Therapeutics | 0.115 | 17% | 261,842 |
| CPV | Clearvue Technologie | 0.305 | 17% | 735,408 |
| CAV | Carnavale Resources | 0.007 | 17% | 34,293 |
| MRR | Minrex Resources Ltd | 0.058 | 16% | 16,941,564 |
| GFN | Gefen Int | 0.1275 | 16% | 3,500 |
| ASP | Aspermont Limited | 0.022 | 16% | 623,061 |
| DEV | Devex Resources Ltd | 0.33 | 16% | 842,373 |
| IXR | Ionic Rare Earths | 0.052 | 16% | 23,656,612 |
| ST1 | Spirit Technology | 0.069 | 15% | 319,976 |
| SHP | South Harz Potash | 0.115 | 15% | 749,942 |
ASX-listed additive manufacturer AML3D (ASX:AL3) surged after sharing the news its got some kind of world-first accreditation from what appears to be a marine and industrial classification body.
YESTERDAY’S SMALL CAP LOSERS
(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 |
|---|---|---|---|---|
| GLV | Global Oil & Gas | 0.002 | -33% | 2,553,046 |
| ANL | Amani Gold Ltd | 0.0015 | -25% | 2,851,175 |
| CLE | Cyclone Metals | 0.003 | -25% | 3,089,082 |
| OXX | Octanex Ltd | 0.012 | -20% | 5,047 |
| MYG | Mayfield Group Ltd | 0.36 | -20% | 931 |
| CCE | Carnegie Cln Energy | 0.002 | -20% | 600,207 |
| MGG | Mogul Games Grp Ltd | 0.002 | -20% | 104,999 |
| FGL | Frugl Group Limited | 0.015 | -17% | 8 |
| ADS | Adslot Ltd. | 0.01 | -17% | 784,953 |
| BAT | Battery Minerals Ltd | 0.005 | -17% | 2,087,816 |
| HFY | Hubify Ltd | 0.037 | -16% | 77,260 |
| TMR | Tempus Resources Ltd | 0.062 | -15% | 2,743,798 |
| HAR | Harangaresources | 0.145 | -15% | 5,210 |
| OLY | Olympio Metals Ltd | 0.12 | -14% | 5,662 |
| RR1 | Reach Resources Ltd | 0.003 | -14% | 491 |
| MRI | Myrewardsinternation | 0.052 | -13% | 201,507 |
| NGY | Nuenergy Gas Ltd | 0.027 | -13% | 13,100 |
| PX1 | Plexure Group | 0.34 | -13% | 193,829 |
| ADX | ADX Energy Ltd | 0.007 | -13% | 15,809,288 |
| M8S | M8 Sustainable | 0.007 | -13% | 935,790 |
| TMX | Terrain Minerals | 0.007 | -13% | 840,461 |
| W2V | Way2Vatltd | 0.035 | -13% | 93,380 |
| ZNC | Zenith Minerals Ltd | 0.29 | -12% | 798,141 |
| BVR | Bellavistaresources | 0.22 | -12% | 20,000 |
| GCX | GCX Metals Limited | 0.044 | -12% | 776,535 |