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Rise and Shine: Everything you need to know before the market opens
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On Stockhead today, 10 of the cheapest rare earths stocks on the ASX, China calls for the big iron ore shake-up, and 200pc earnings growth for energy plays?
But first, the day ahead.
Local shares are set to open lower today. At 8am AEDT, the ASX 200 March futures is pointing down by 0.07%.
The Australian Bureau of Statistics (ABS) is set to release the Wage Page Index, the pre-eminent source of information on wage trends.
But the Reserve Bank Governor said he will be looking at comments on wages received by Reserve Bank business liaison and unit labour costs to get a broader picture on what is happening with worker remuneration.
TRADING HALTS
Lake Resources NL (ASX:LKE) – capital raising
Xantippe Resources (ASX:XTC) – capital raising
Manuka Resources (ASX:MKR) – capital raising
Creso Pharma (ASX:CPH) – capital raising
Genex Power (ASX:GNX) – capital raising
MARKETS
Gold: $US1,900/35 (-0.35%)
Silver: $US24.15 (+0.87%)
Oil (WTI): $US92.35 (+0.38%)
Oil (Brent): $US96.37 (+1.03%)
Aust Coking Coal (steelmaking): $435.70/t (0.00%)
Newcastle Coal (thermal): $197/t (0.00%)
Iron 62pc Fe: $US143.26/t (+.152%)
AUD/USD: $US0.7219 (+0.40%)
Bitcoin: $US38,013 (+2.67%)
WHAT GOT YOU TALKING YESTERDAY?
Our Free Whelan column got you talkin’.
VFS Group investment manager James Whelan provides a rundown on what to do when the threat of geopolitical warfare rears its head.
Free whelan’: @jameswhelan42 on what to do as a stock investor when the threat of geopolitical warfare rears its head. (Also, don’t forget about that other elephant in the room (the Fed). Full details here: https://t.co/9c8VMxJdTY
— Stockhead (@StockheadAU) February 22, 2022
And the three stocks leveraged to the biggest thematic in the world right now – energy scarcity – got you lookin’.
MoneyTalks: Here are 3 stocks leveraged to the biggest thematic in the world right now – energy scarcity https://t.co/LZmBpPVYoF #ASX $GT1 $GNP $A1M pic.twitter.com/nIitHvE6xy
— Stockhead (@StockheadAU) February 21, 2022
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 |
|---|---|---|---|---|
| ANW | Aus Tin Mining | 0.0015 | 50% | 10,620,921.00 |
| LKO | Lakes Blue Energy | 0.0015 | 50% | 5,976,920.00 |
| WOO | Wooboard Tech Ltd | 0.0015 | 50% | 1,084,366.00 |
| RMI | Resource Mining Corp | 0.02 | 33% | 6,791,968.00 |
| CWX | Carawine Resources | 0.2175 | 32% | 8,746,411.00 |
| OVT | Ovato Limited | 0.23 | 31% | 46,500.00 |
| OEX | Oilex Ltd | 0.005 | 25% | 719,628.00 |
| IS3 | I Synergy Group Ltd | 0.18 | 20% | 9,000.00 |
| QHL | Quickstep Holdings | 0.435 | 18% | 472,361.00 |
| IMB | Intelligent Monitor | 0.35 | 17% | 20,630.00 |
| TPD | Talon Energy Ltd | 0.008 | 14% | 6,359,096.00 |
| XST | Xstate Resources | 0.004 | 14% | 1,458,500.00 |
| ANR | Anatara Ls Ltd | 0.12 | 14% | 31,082.00 |
| IVT | Inventis Limited | 0.12 | 14% | 20,023.00 |
| CLE | Cyclone Metals | 0.0045 | 13% | 4,030,002.00 |
| KFE | Kogi Iron Ltd | 0.009 | 13% | 4,916,757.00 |
| PHO | Phosco Ltd | 0.12 | 12% | 27,181.00 |
| AHN | Athena Resources | 0.01 | 11% | 500,000.00 |
| DDT | DataDot Technology | 0.01 | 11% | 1,910,932.00 |
| NCR | Nucoal Resources Ltd | 0.01 | 11% | 1,250,002.00 |
| FMS | Flinders Mines Ltd | 0.52 | 11% | 3,825.00 |
| ECG | Ecargo Hldg | 0.032 | 10% | 926,309.00 |
| MND | Monadelphous Group | 10.96 | 10% | 1,545,207.00 |
| RIE | Riedel Resources Ltd | 0.011 | 10% | 4,288,482.00 |
| NZO | New Zealand Oil&Gas | 0.46 | 10% | 1,150.00 |
First up, the Charlie Sheen stocks — winning on no discernible news:
Resource Mining Corp (ASX:RMI)
Then there’s Carawine Resources (ASX:CWX) which has jumped after an all-cash takeover play by major shareholder (Australia’s #41 richest) the coal baron Christopher Wallin. He’s putting CWX at 21c a share — a 27.27% premium to its last trading price. CWX has already climbed 33% post-announcement.
Quickstep Holdings (ASX:QHL) has flagged strong first half sales, and a more than 80% bump in underlying profit. Its claim is to be the largest independent Aussie aerospace composite business.
Kaiser Reef (ASX:KAU) says it’s started commercial production at the Queens Lode with the last four weeks of mined grade returning a smashing 20g/t gold with an estimated 98% gold recovery, after milling and processing.
Kaiser’s MD Jonathan Downes, said, “achieving a 20 g/t gold head grade delivered to the mill is a great outcome”.
“As we reach lower levels in this mine, we can expect to see increasing amounts of this high-grade material, which is also very exciting.”
Shares jumped by double digits in Tuesday trade.
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 |
|---|---|---|---|---|
| RCP | Redbank Copper Ltd | 0.036 | -36.8% | 14,910,359.00 |
| CCE | Carnegie Cln Energy | 0.002 | -33.3% | 11,288,488.00 |
| EN1 | Engage:Bdr Limited | 0.001 | -33.3% | 540,774,931.00 |
| BAS | Bass Oil Ltd | 0.0015 | -25.0% | 3,100,080.00 |
| EVE | EVE Health Group Ltd | 0.003 | -25.0% | 85,765,997.00 |
| SAN | Sagalio Energy Ltd | 0.018 | -25.0% | 177,973.00 |
| DOR | Doriemus PLC | 0.105 | -22.2% | 56,317.00 |
| AT1 | Atomo Diagnostics | 0.1425 | -20.8% | 8,668,562.00 |
| CRR | Critical Resources | 0.076 | -20.8% | 49,369,300.00 |
| POW | Protean Energy Ltd | 0.008 | -20.0% | 3,827,266.00 |
| LRV | Larvottoresources | 0.21 | -19.2% | 1,163,746.00 |
| RTH | Ras Tech | 0.865 | -19.2% | 80,376.00 |
| EUR | European Lithium Ltd | 0.085 | -19.0% | 28,727,418.00 |
| AZL | Arizona Lithium Ltd | 0.11 | -18.5% | 31,971,927.00 |
| ZGL | Zicom Group Limited | 0.077 | -18.1% | 263,691.00 |
| KGD | Kula Gold Limited | 0.041 | -18.0% | 728,801.00 |
| XRG | Xreality Group Ltd | 0.066 | -17.5% | 2,283,823.00 |
| CPM | Coopermetalslimited | 0.49 | -16.9% | 1,023,623.00 |
| COO | Corum Group Limited | 0.049 | -16.9% | 525,305.00 |
| 99L | 99 Loyalty Ltd. | 0.015 | -16.7% | 821,704.00 |
| BME | Blackmountainenergy | 0.125 | -16.7% | 209,002.00 |
| OMX | Orangeminerals | 0.125 | -16.7% | 142,999.00 |
| PTX | Prescient Ltd | 0.15 | -16.7% | 6,106,232.00 |
| THR | Thor Mining PLC | 0.0125 | -16.7% | 40,454,348.00 |
| GTG | Genetic Technologies | 0.005 | -16.7% | 11,992,184.00 |
Empire Resources (ASX:ERL) says it’s covered the shortfall from its recent rights issue, raising ~$674k before costs in a successful placement, issuing ~56 million fully paid ordinary shares and 28 million new options.
Each new option has an excise price of 1.6 cents with an expiry date of November 30, 2023.
