Coming up on Stockhead today, Bill Shorten wants Australia to make its own lithium-ion batteries, why EVs are at least a 10-year bet, and what really drove the rise and rise of Splitit.

But first, here’s what you need to know right now:


The day ahead in data

Not a great deal of economic data out today, aside from livestock and meat figures for February being released by the Australian Bureau of Statistics.


Company news

No shares being released from escrow today, although there are nine companies due to come out of a trading halt today or on Monday.


  • Maximus Resources (ASX:MXR) – corporate transaction
  • Seafarms Group (ASX:SFG) – capital raising
  • Blaze International (ASX:BLZ) – acquisition
  • Antipa Minerals (ASX:AZY) – capital raising
  • Cassini Resources (ASX:CZI) – capital raising


  • King Island Scheelite (ASX:KIS) – execution of an offtake arrangement
  • Linius Technologies (ASX:LNU) – capital raising
  • Sky and Space Global (ASX:SAS) – supplier agreement
  • Lake Resources (ASX:LKE) – competent person statement in support of exploration target



Gold: $USD1294.98 ($1,819.42) +0.30%

Silver: $USD15.18 +0.20%

Oil (Brent): $USD69.39 -0.06%

Oil (WTI): $USD62.23 -0.51%

Coal: $USD78 -1.64%

Iron ore 62% fe: $USD92.15 +2.96%

AUD/USD: $USD0.7118


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What got you talking yesterday

On the Stockhead Facebook chat forum, dairy formula and mining. Member Maxwell Percy had the following to say about Australian Dairy Nutritionals (ASX:AHF) buying an infant formula production plant:

“My only concerns are how many companies from NZ & Australia are entering the Chinese dry powder milk infant formula market. Also Chinese companies buying into such companies. My other concerns are Chinese regulations appear capable of changing on a whim.”

Fellow member Ricky Jackson referred to an article by The Australian on disputes between mining companies and the Tjiwarl people.

“Good luck to junior mining companies and explorers getting financial funding for the next few years,” he wrote.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:



Yesterday’s winners

Lithium Consolidated (ASX: LI3) is hot again, posting a gain of 57 per cent one day after releasing its latest investor presentation to the market.

The stock was a standout performer last week after announcing it had secured two new lithium exploration licences in northern Mozambique. At 11 cents, its share price has now more than doubled from a March 22 closing price of 4.6 cents.

Mining minnow Dreadnought Resources (ASX: DRE) posted a 100 per cent gain to 0.4 cents after announcing it has completed the cash and scrip acquisition of IronRinger Resources Pty Ltd.

Dreadnought now plans to commence exploration at its Yampi project in WA “as soon as exploration approvals are received”.

ASX code Company Name Price Percentage Change Market Cap Volume
RMG RMG Ltd 0.013 86% $8,000,000 100.0k
TKM Trek Metals Ltd 0.008 60% $2,500,000 5.4M
KNM KneoMedia Ltd 0.03 56% $19,000,000 10.8M
CGM Cougar Metals NL 0.002 50% $1,600,000 341.7k
CLZ Classic Minerals Ltd 0.002 50% $4,500,000 8.6M
GCR Golden Cross Resources Ltd 0.04 48% $4,100,000 12.5k
MZZ Matador Mining Ltd 0.26 39% $14,300,000 1.2M
GLV Global Vanadium Ltd 0.004 33% $11,300,000 3.4M
IAM Intiger Group Ltd 0.008 33% $13,400,000 3.7M
WZR Wisr Ltd 0.1 29% $64,800,000 10.2M
DCC DigitalX Ltd 0.07 26% $35,200,000 53.4M
AYR Alloy Resources Ltd 0.003 25% $3,900,000 5.1M
MNC Metminco Ltd 0.003 25% $3,000,000 170.0k
PWN Parkway Minerals NL 0.005 25% $3,000,000 1.0M
SBR Sabre Resources Ltd 0.005 25% $2,000,000 100.1k
SMI Santana Minerals Ltd 0.005 25% $3,200,000 300.0k
GSW GetSwift Ltd 0.26 20% $49,000,000 2.7M
GTE Great Western Exploration Ltd 0.006 20% $5,800,000 1.2M
PPY Papyrus Australia Ltd 0.006 20% $1,200,000 3.1k
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Yesterday’s losers

As has been the case for most of this week, a lot of movement on very little news, though it was surprising to note Big River Industries (ASX:BRI) fell 25 per cent to $1.01 today, on no news.

ASX code Company Name Price Percentage Change Market Cap Volume
VAR Variscan Mines Ltd 0.001 -33% $1,300,000 244.4k
SHK Stone Resources Australia Ltd 0.002 -33% $1,600,000 380.0k
PNN PepinNini Lithium Ltd 0.002 -33% $1,600,000 236.9k
LCY Legacy Iron Ore Ltd 0.002 -33% $2,900,000 60.0k
BRI Big River Industries Pty Ltd 1.01 -25% $53,600,000 17.6k
XST XState Resources Ltd 0.003 -25% $3,400,000 2.6M
ANL Amani Gold Ltd 0.002 -25% $5,500,000 2.7M
RMG RMG Ltd 0.01 -23% $6,200,000 110.0k
FRX Flexiroam Ltd 0.04 -20% $8,900,000 95.0k
SPB South Pacific Resources Ltd 0.004 -20% $662,000 300.0k
SMI Santana Minerals Ltd 0.004 -20% $2,600,000 2.0k
PCH Property Connect Holdings Ltd 0.002 -20% $1,400,000 33.3k
MNC Metminco Ltd 0.002 -20% $2,400,000 1.1k
EFE Eastern Iron Ltd 0.004 -20% $1,600,000 158.9k
DW8 Digital Wine Ventures Ltd 0.004 -20% $2,800,000 360.4k
KAS Kasbah Resources Ltd 0.07 -19% $9,300,000 41.9k
TBL Tambla Ltd 0.009 -18% $8,900,000 125.1k
DEV DevEx Resources Ltd 0.04 -17% $3,500,000 8.3k
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That’s all you need to know. Go go go!