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.

Friday:

  • 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

    Monday:

  • 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

 

Commodities

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 codeCompany NamePricePercentage ChangeMarket CapVolume
RMG RMG Ltd0.01386%$8,000,000100.0k
TKM Trek Metals Ltd0.00860%$2,500,0005.4M
KNM KneoMedia Ltd0.0356%$19,000,00010.8M
CGM Cougar Metals NL0.00250%$1,600,000341.7k
CLZ Classic Minerals Ltd0.00250%$4,500,0008.6M
GCR Golden Cross Resources Ltd0.0448%$4,100,00012.5k
MZZ Matador Mining Ltd0.2639%$14,300,0001.2M
GLV Global Vanadium Ltd0.00433%$11,300,0003.4M
IAM Intiger Group Ltd0.00833%$13,400,0003.7M
WZR Wisr Ltd0.129%$64,800,00010.2M
DCC DigitalX Ltd0.0726%$35,200,00053.4M
AYR Alloy Resources Ltd0.00325%$3,900,0005.1M
MNC Metminco Ltd0.00325%$3,000,000170.0k
PWN Parkway Minerals NL0.00525%$3,000,0001.0M
SBR Sabre Resources Ltd0.00525%$2,000,000100.1k
SMI Santana Minerals Ltd0.00525%$3,200,000300.0k
GSW GetSwift Ltd0.2620%$49,000,0002.7M
GTE Great Western Exploration Ltd0.00620%$5,800,0001.2M
PPY Papyrus Australia Ltd0.00620%$1,200,0003.1k

 

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 codeCompany NamePricePercentage ChangeMarket CapVolume
VAR Variscan Mines Ltd0.001-33%$1,300,000244.4k
SHK Stone Resources Australia Ltd0.002-33%$1,600,000380.0k
PNN PepinNini Lithium Ltd0.002-33%$1,600,000236.9k
LCY Legacy Iron Ore Ltd0.002-33%$2,900,00060.0k
BRI Big River Industries Pty Ltd1.01-25%$53,600,00017.6k
XST XState Resources Ltd0.003-25%$3,400,0002.6M
ANL Amani Gold Ltd0.002-25%$5,500,0002.7M
RMG RMG Ltd0.01-23%$6,200,000110.0k
FRX Flexiroam Ltd0.04-20%$8,900,00095.0k
SPB South Pacific Resources Ltd0.004-20%$662,000300.0k
SMI Santana Minerals Ltd0.004-20%$2,600,0002.0k
PCH Property Connect Holdings Ltd0.002-20%$1,400,00033.3k
MNC Metminco Ltd0.002-20%$2,400,0001.1k
EFE Eastern Iron Ltd0.004-20%$1,600,000158.9k
DW8 Digital Wine Ventures Ltd0.004-20%$2,800,000360.4k
KAS Kasbah Resources Ltd0.07-19%$9,300,00041.9k
TBL Tambla Ltd0.009-18%$8,900,000125.1k
DEV DevEx Resources Ltd0.04-17%$3,500,0008.3k

 

That’s all you need to know. Go go go!