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

On Stockhead today…

Saving the world or making a dollar? Jessica Cummins asks 10 ASX hydrogen companies – what is your number one goal for 2023?

And some more big billionaire trouble overnight as Gautum Adani’s conglomerate canned it’s own multi-billion equity offer, the Big G himself hit YouTube to say/show how cool and relaxed everything still is and the group of businesses took losses to over $150 bn.

The Bank of England has hiked. Meta’s done rather well. Jessica Amir from Saxo thinks Big Tech could lead a risk rally, as our own tech sector gained near 3% on Thursday.

Lot’s to poke through. But first, the day ahead…

TRADING HALTS

The following companies went into a trading halt on Thursday, February 2.

DroneShield (ASX:DRO) – Capital raising.

C29 Metals (ASX:C29) – Halt requested pending the release of an announcement relating to drilling results at Pocitos 7.

WA1 Resources (ASX:WA1) – Halt requested pending the release of an announcement to the market in relation to material exploration results.

Manhattan Corp (ASX:MHC) – Halt requested pending an announcement in relation to a material transaction and associated capital raising.

Jameson Resources (ASX:JAL) – Halt requested ahead of an announcement in relation to the Tranche 2 Placement announced in Nov 2022.

88 Energy (ASX:88E) – Capital raising.

Lode Resources (ASX:LDR) – Capital raising.

Anteris Technologies (ASX:AVR) – Capital raising.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1928.30 (-0.90%)

Silver: $US23.91 (+0.02%)

Nickel (3mth): $US27,651/t (+4.40%)

Copper (3mth): $US9.342/t (+0.25%)

Oil (WTI): $US81.46 (+1.6%)

Oil (Brent): $US87.33 (+1.42%)

Iron 62pc Fe: $US124.50 (+0.00%)

AUD/USD: 0.7093 (-0.12%)

Bitcoin: $US23,005 (-2.53%)

WHAT GOT YOU TALKING?

Billionaire mining entrepreneur Robert Friedland reckons the DRC is the best place in the world to mine copper. And he wants every analyst to know it.https://t.co/mt7CeWhC4T

— Stockhead (@StockheadAU) February 2, 2023

ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Spacetalk (ASX:SPA), which does tend to launch every now and again has hit the upper atmosphere, up 98.89% – so we can call it 100% on news Simon Crowther to the role of CEO and managing director, as interim boss Saurabh Jain, moves onto the board.

SAP says Crowther’s track record at Nearmap (ASX:NMP) sealed the deal.

Lincoln Minerals (ASX:LML), is rising again after the board wrote to shareholders with an update on Quantum Graphite’s (ASX:QGL) all-scrip takeover bid.

“The Offer Price under QGL’s takeover bid remains unchanged, being 40 QGL shares for every 1 LML share,” LML said.

“As at close of trading on 30 January, the implied value of LML shares under the Offer was $0.013 per share which remains well below LML’s closing price of $0.06 per share (based on the closing prices of Lincoln and QGL shares on ASX as at 30 January 2023).”

That 30 January $0.06 per share is an impressive 750% increase since Lincoln’s reinstatement onto the ASX ten days earlier.

ASX SMALL CAP LAGGARDS

Here are the least best performing ASX small cap stocks:

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