Rise and Shine: Everything you need to know before the market opens

On Stockhead today, why the lithium crash could be a one-off, will China’s Covid shift actually light a fire under iron ore, and how to win on interest rates moves.

But first, the day ahead.

WHO’S LISTING?

Toubani Resources (ASX:TRE)

IPO: $32.5m at $0.20

This resources player is focused on developing a gold platform in West Africa.

The company is primarily focused on the development of the Kobada Gold Project in Southern Mali, which has a global resource base of over 2.3 Moz of gold and the potential to produce more than 100,000 ounces of gold per annum.

Source Certain International (ASX:SC1)

IPO: $7m at $0.20

SC1 provides a scientific provenance verification service for agriculture, seafood, mining and resource sectors.

SC1 says scientific analysis of physical product samples allows clients to mitigate risk, validate digital data, protect their brand and support transparency within their supply chains.

The company’s origin verification solution is able to identify the mine, farm, fishery or plantation from which a product originated. 

TRADING HALTS

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

Caravel Minerals (ASX:CVV) – Capital raise

Element 25 (ASX:E25) – Capital raise

Bionomics (ASX:BNO) – BNO has an announcement on the way about the announcement outcome of its proposed US public offering of new American Depository Shares (ADSs), each representing 180 ordinary shares of Bionomics.

Global Oil & Gas (ASX:GLV) – Capital raise

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,778.56 (+0.40%)

Silver: $US21.55 (-1.89%)

Nickel (3mth): $US29,540/t (+2.43%)

Copper (3mth): $US8,385/t (+0.13%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 9): $US76,025/t (+1.7% weekly, +125.8% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 9): $US75,275/t (+1.9% weekly, +169.2% year-to-date)

Oil (WTI): $US86.72 (+1%)

Oil (Brent): $US93.89 (+0.80%)

Iron 62pc Fe: $US92.29 (+0.22%)

AUD/USD: 0.6760 (+0.1%)

Bitcoin: $US16,887 (+2.98%)

WHAT GOT YOU TALKING YESTERDAY?

VP Capital co-founder John So says EV demand will rocket over the next six months as China relaxes its hardline COVID-19 Zero Policy which has put cities under full or partial lockdowns.

Eye on #Lithium: The world’s biggest #EV market could accelerate as #China eases COVID restrictions https://t.co/FDEqCAwff0 #ASX $LLL $MM1 $WR1 $GL1

— Stockhead (@StockheadAU) November 15, 2022

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Also, be sure to check in pre-open 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 ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks.

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

Victory Goldfields (ASX:1VG) surged some 25% on news of rare earth assays results averaging 1014ppm TREO, as well as scandium – which exceeds global economic grades with the highest being 106ppm.

Whispir (ASX:WSP) flew after announcing an internal restructure, placing the company on track to be cash accretive from Q3 FY23.

And tech company Linius Technologies (ASX:LNU) had a good day, surging 33% on news that is entered into an agreement with Cricket Australia.

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the least performing ASX small cap stocks. 

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