On Stockhead today, how to invest in the rise and rise of palladium, a peek into Christian’s traders’ diary, and Bottom Picker’s on a wild ex-divvie ride.

But first, the day ahead,

TRADING HALTS

The following companies went into trading halts on Friday and are expected out in the next few days:

Rincon Resources (ASX:RCR) – It’s a two-banger for Rincon, with a capital raise and proposed acquisition on the cards.

Kingfisher Mining (ASX:KFM) – Also fishing for cash with a capital raise in the works.

Synertec Corporation (ASX:SOP) – Equity raise, possibly to purchase a new company name that doesn’t reek of the 1990s.

Alma Metals (ASX:ALM) – And Alma’s in search of alms, with a capital raise of its own.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,708.58 (-0.53%)

Silver: $US18.53 (+0.11%)

Nickel (3mth): $US21,900/t (+1.48%)

Copper (3mth): $US7,850/t (+2.98%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 17): $US71,200/t (+90.2% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 17): $US71,775/t (+127.4% year-to-date)

Oil (WTI): $US82.74 (+0.98%)

Oil (Brent): $US88.41 (+0.47%)

Iron 62pc Fe: $US98.37 (+1.21%)

AUD/USD: 0.6751 (0.00%)

Bitcoin: $US19,348 (-0.14%)

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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.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks:

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

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One huge winner on Friday – Classic Minerals (ASX:CLZ), which secured $10 millon in non-recourse funding to hit the GO button at Kat Gap and start processing the ~90,000oz gold resource it’s sitting on.

The cash is coming from Goldvalley, which has agreed to provide funding for the extraction and processing of ore in sequential parcels of 100,000 tonnes. At one point, Classic was trading more than 290% higher on Friday, but settled to a far more sensible ~130% climb for the day.

Friday’s late bloomer was Balkan Mining and Minerals (ASX:BMM), which came out of nowhere to wring out a more modest but still amazing 40.5% win after no news on the ASX. It’s a mystery to us, but feel free to email if you know the answer.

 

ASX SMALL CAP LOSERS

Here are the best performing ASX small cap stocks:

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

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