On Stockhead today, Guy Le Page chases tin-tungsten into LEO, 3 stocks leveraged to the biggest thematic in the world, and Rick Rule’s lessons for retail investors.

But first, the day ahead.

Local shares are set to open much lower today. At 8am AEDT, the ASX 200 March futures is pointing down by 1.16%.

ANZ and Roy Morgan will be releasing their weekly survey on consumer sentiment, Commonwealth Bank will be issuing weekly credit and debit card spending data, and the Australian Bureau of Statistics will release a monthly indicator of household spending using banks’ transactions data.

 

TRADING HALTS

The following companies are in Trading Halts and are expected out in the coming days.

Genex Power(ASX:GNX) – capital raising

Chimeric Therapeutics (ASX:CHM) – capital raising

Canyon Resources (ASX:CAY) – seeking clarification from the Cameroon Government

Peel Mining (ASX:PEX) – capital raising

Hills Ltd (ASX:HIL) – capital raising

Mad Paws Holdings (ASX:MPA) – capital raising

 

MARKETS

Gold: $US1,904.48 (+0.35%)

Silver: $US23.94 (-0.1%)

Oil (WTI): $US92.00 (+1.02%)

Oil (Brent): $US96.13 (+2.77%)

Aust Coking Coal (steelmaking): $434.50/t (0.50%)

Newcastle Coal (thermal): $197/t (0.00%)

Iron 62pc Fe: $1410.00/t (-4.2%)

AUD/USD: $US0.7196 (+0.26%)

Bitcoin: $US38,263 (+1.59%)

 

WHAT GOT YOU TALKING YESTERDAY?

Our top 10 at 10 got you talkin’.

 

And a lithium spree in Western Australia’s Pilbara region got you lookin’.

 

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.

Auking Mining (ASX:AKN) stood up and was counted on Monday, due to a drilling hit which included a 16.6m chunk grading 10.2% copper and 316g/t silver at the ‘Onedin’ deposit from its Koongie Park project in Western Australia.

Also climbing on no discernable news, Rincon Resources (ASX:RCR) – a $5m market cap digger with a project called ‘South Telfer’ in the classy Paterson Province, about 12km from the large Telfer gold mine which produced 393,164 ounces of gold and 16,278 tonnes of copper in FY21.

Results from a December drilling program released last week were initially disappointing – low-level copper-gold “despite intersecting favourable zones of alteration,” but Reuben Adams says RCR reckons the target is still there; they just missed it somehow.

Up about 25% is Lefroy Exploration (ASX:LEX). The Kalgoorlie explorer has hit thick, high grade gold underneath a salt lake at the emerging ‘Burns’ discovery.

Sub-$10m nanocap Swift Networks (ASX:SW1) pulled a namesake after flagging a strong start to the second-half with seven new projects wins. It’s up about 13%.

Not the smallest cap in town, but let’s take a moment to root for Aussie Broadband and its share price,  which hit a calendar year PB after the upstart telco returned to profit.

The 7% rise comes on the back of the major telcos being generally awful at internet stuff, and because net profit after tax attributable to members more than doubled, delivering a $1.4m win, compared to a loss of $10.5m the same time last year.

 

YESTERDAY’S BIGGEST 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.

Shares in Tyro are getting scourged, down by almost a full third after profits just imploded some 425%. It swings the payments provider to a loss of well over $18 million for the six months to December 31.

EBITDA is down more than two thirds – 67.2% – and the March 2020 Covid-inspired record low is not looking that far away.