On Stockhead today, how to bet on the RBA’s next rates move, who dumped $830m out of a single ETF, and why Saas stocks are smelling just lovely.
But first, the day ahead.
Local shares are set to open modestly higher today. At 8am AEST, the ASX 200 September futures contract was pointing up by just 2 points.
TRADING HALTS
Adherium Limited (ASX: ADR) – Capital raise
Dotz Nano (ASX:DTZ) – Proposed placement with a US based institutional fund
Whitebark Energy (ASX:WBE) – Capital raising
Techgen Metals (ASX:TG1) – Capital raising
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,697.80 (-0.22%)
Silver: $US19.65 (+1.69%)
Nickel (3mth): $US24,415/t (+0.55%)
Copper (3mth): $US7,785.50/t (-1.05%)
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): $US89.09 (+2.02%)
Oil (Brent): $US94.48 (+.141%)
Iron 62pc Fe: $US100.43 (-0.99%)
AUD/USD: 0.67356 (+0.3%)
Bitcoin: $US20,273 (+0.52%)
WHAT GOT YOU TALKING YESTERDAY?
A bunch of tech stocks caught your eye.
And of course, lithium never disappoints – Barry Fitz sits down with Essential Lithium to discuss the latest at the company’s Pioneer Dome Project near Kalgoorlie in WA.
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 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 |
|---|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0015 | 50% | 1,482,000 | $23,693,441.13 |
| DM1 | Desert Metals | 0.415 | 36% | 169,571 | $14,637,504.49 |
| ARE | Argonaut Resources | 0.002 | 33% | 43,965,999 | $5,428,537.94 |
| AQC | Auspaccoal Ltd | 0.6 | 33% | 369,413 | $22,718,164.50 |
| ATC | Altech Chem Ltd | 0.105 | 31% | 44,044,479 | $114,141,269.52 |
| GCR | Golden Cross | 0.015 | 25% | 1,877,063 | $13,167,073.32 |
| AMD | Arrow Minerals | 0.005 | 25% | 19,935,531 | $8,135,060.38 |
| GNM | Great Northern | 0.005 | 25% | 2,757,216 | $6,836,203.90 |
| AJQ | Armour Energy Ltd | 0.006 | 20% | 7,621,872 | $11,292,254.38 |
| CRR | Critical Resources | 0.079 | 20% | 204,088,472 | $98,209,005.77 |
| EMT | Emetals Limited | 0.019 | 19% | 6,397,467 | $13,600,000.00 |
| KAI | Kairos Minerals Ltd | 0.039 | 18% | 49,988,751 | $64,815,085.20 |
| PWR | Peter Warren | 2.98 | 17% | 398,662 | $436,678,288.44 |
| AM7 | Arcadia Minerals | 0.305 | 17% | 849,259 | $12,141,451.92 |
| MOH | Moho Resources | 0.035 | 17% | 1,291,284 | $4,983,892.92 |
| ALM | Alma Metals Ltd | 0.014 | 17% | 925,878 | $8,873,667.08 |
| MEI | Meteoric Resources | 0.014 | 17% | 9,247,129 | $18,315,568.45 |
| RIE | Riedel Resources Ltd | 0.007 | 17% | 1,468,535 | $6,430,242.37 |
| ROG | Red Sky Energy. | 0.007 | 17% | 1,415,022 | $31,813,363.18 |
| ILA | Island Pharma | 0.155 | 15% | 63,494 | $5,838,254.28 |
| IG6 | Internationalgraphit | 0.395 | 14% | 1,323,696 | $28,113,397.26 |
| EQN | Equinoxresources | 0.17 | 13% | 109,120 | $6,750,000.15 |
| ENV | Enova Mining Limited | 0.017 | 13% | 202,100 | $5,508,225.93 |
| ITM | Itech Minerals Ltd | 0.385 | 13% | 588,678 | $30,883,333.56 |
Story of the day was the Tetris Affair over at Australian Pacific Coal (ASX:AQC)
The JV comprising private Aussie co Tetra and Javelin – which calls itself “one of the world leaders in coal” – is proposing a JV between Tetra (40%) and the shellshocked AQC (60%) with respect to the mothballed Dartbrook coal project.
Unlike previous bids from Nathan Tinkler and M Resources this is a JV proposal, not a change-of-control transaction.
“Given the non-binding indicative proposal needs the support of the [major shareholder] Trepang Parties to proceed, AQC intends to seek advice from the Trepang Parties as to whether the Trepang Parties are willing to support the proposal,” the AQC board said.
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 |
|---|---|---|---|---|---|
| ACP | Audalia Res Ltd | 0.007 | -50% | 116,432 | $9,689,906.67 |
| DDD | 3D Resources Limited | 0.001 | -33% | 15,150,000 | $6,647,808.14 |
| ACS | Accent Resources NL | 0.03 | -29% | 73,978 | $19,573,145.89 |
| RCW | Rightcrowd | 0.05 | -25% | 678,335 | $17,530,029.28 |
| CFO | Cfoam Limited | 0.004 | -20% | 536,817 | $3,669,203.17 |
| KFE | Kogi Iron Ltd | 0.004 | -20% | 2,716,935 | $8,087,888.78 |
| DAL | Dalaroometalsltd | 0.105 | -19% | 248,208 | $3,883,750.00 |
| COO | Corum Group Limited | 0.031 | -18% | 6,266,645 | $22,676,757.98 |
| ADY | Admiralty Resources. | 0.009 | -18% | 426,711 | $14,339,370.68 |
| ENX | Enegex Limited | 0.033 | -18% | 708,777 | $6,756,640.72 |
| DEX | Duke Exploration | 0.05 | -17% | 554,787 | $5,457,774.70 |
| FRM | Farm Pride Foods | 0.125 | -17% | 22,012 | $8,277,026.25 |
| SKN | Skin Elements Ltd | 0.015 | -17% | 326,666 | $7,798,090.79 |
| AUK | Aumake Limited | 0.005 | -17% | 142,907 | $4,628,681.54 |
| YPB | YPB Group Ltd | 0.005 | -17% | 769,172 | $2,439,276.92 |
| OLL | Openlearning | 0.031 | -16% | 3,281,635 | $7,932,222.76 |
| LKE | Lake Resources | 1.07 | -16% | 48,367,971 | $1,765,266,610.43 |
| AU1 | The Agency Group Aus | 0.033 | -15% | 116,947 | $16,714,486.97 |
| E2M | E2 Metals | 0.15 | -14% | 147,000 | $34,848,156.53 |
| GMN | Gold Mountain Ltd | 0.006 | -14% | 1,860,720 | $8,352,044.19 |
| LSR | Lodestar Minerals | 0.006 | -14% | 3,022,137 | $12,169,061.44 |
| PKD | Parkd Ltd | 0.024 | -14% | 370,000 | $2,805,603.72 |
| AQS | Aquis Ent Ltd | 0.155 | -14% | 17,638 | $6,429,451.68 |
| E33 | East 33 Limited. | 0.032 | -14% | 12,122 | $10,210,575.83 |
| X2M | X2M Connect Limited | 0.077 | -13% | 50,000 | $12,537,766.24 |