On Stockhead today, Global Lithium MD Ron Mitchell on the upside remaining, Bottom Picker has a big coal win, and the full skinny on this week’s data drops.

But first, the day ahead.

Australia’s Reserve Bank lifted interest rates again this month, a cumulative gain of 3% and the largest annual lift since 1989.

We’ve all learnt not to believe a word that comes out of a central banker’s mouth. That said, if you think it holds any water the RBA meeting minutes are out tomorrow.

It seems like they’ll keep rising. The next nailbiting meeting and rates decision arrives February 7, giving you all more than a month to stew on where they’re headed.

 

WHO’S LISTING TODAY?

 

TAITON RESOURCES (ASX:T88)

Listing: 2.30pm AEDT today

IPO: $10m at $0.20

Listings on two straight days in 2022? Maybe some confidence is coming back to the market after DeSoto Resources (ASX:DES) raced onto the ASX on Friday.

Taiton Resources will list at 2.30pm this afternoon, meaning a short trading day for the explorer, which boasts the Lake Barlee gold project in WA, the Highway polymetallic project in SA, and the Challenger West gold project also in SA.

The company believes the dominant land holding at the Highway Project will allow it to potentially uncover the next elephant deposit in Australia, located to the west of BHP’s (ASX:BHP) massive Olympic Dam copper, gold and uranium mine.

 

TRADING HALTS

Labyrinth Resources (ASX:LRL) – Strategic Placement.

Amani Gold (ASX:ANL) – Capital Raise.

Cobre (ASX:CBE) – Capital Raise.

Elmore (ASX:ELE) – Capital Raise.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,793.12 (+0.93%)

Silver: $US23.23 (+0.17%)

Nickel (3mth): $US28,311/t (-0.19%)

Copper (3mth): $US8,293.50/t (-2.62%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 7): $US81,375/t (+0.0% weekly, +127.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 7): $US80,725/t (+0.0% weekly, +171.4% year-to-date)

Oil (WTI): $US74.29 (-2.39%)

Oil (Brent): $US79.04 (-2.67%)

Iron 62pc Fe (SGX Futures): $US111.40(-0.09%)

AUD/USD: 0.6685(−0.27%)

Bitcoin: $US16,745.00 (+0.85%)

AUD/USD: 0.67123(−2.21%)

Bitcoin: $US17,450.70 (-1.99%)

 

WHAT GOT YOU TALKING LAST WEEK?

Meteoric’s `ahem` meteoric rise on a new rare earths purchase in Brazil fired up investors.

And are exploration IPOs back in fashion?

 

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.

 

LAST WEEK’S SMALL CAP WINNERS:

Here are the best performing ASX small cap stocks for December 12 to 16

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

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Brazil may not have made it to last night’s World Cup Final as expected, but a new Brazilian in Meteoric Resources (ASX:MEI) had a happier week than the Samba Kings.

It stormed on Friday after being revealed as the new owner of Caldeira, a ‘Tier-1’ ionic clay rare earths discovery in Brazil’s Minas Gerais state, rich in terbium, dysprosium, neodymium and praseodymium.

“These four elements will be the magnetic powerhouse of the green energy transition, crucial if we are to reach global CO2 reduction targets,” director Andrew Tunks said.

Also Peregrine Gold (ASX:PGD) won the market with a truly outlandish gold sample at its Birdsnest Prospect, with one vein exposed in a costean grading upwards of 122,000g/t, equivalent to 122kg.

Dear God.

 

LAST WEEK’S SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for December 12 to 16:

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

Wordpress Table Plugin

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