On Stockhead today, gold M&A is on the boil, the metals Elon Musk is going to need more of and the two copper stocks primed to take advantage of the red metal’s coming ‘golden years’.
But first…
The week ahead
The following companies are in trading halts and are expected to exit in the next two trading days:
Monday:
Tempus Resources (ASX:TMR) – capital raising
Lithium Australia (ASX:LIT) – recycling supply agreement
Roots Sustainable Agricultural Technologies (ASX:ROO) – capital raising
Tuesday:
Cobre (ASX:CBE) – acquisition
Mint Payments (ASX:MNW) – ASX delisting vote
Six Sigma Metals (ASX:SI6) – acquisition
Identitii (ASX:ID8) – material contract
Markets
Gold: $US1,939.40 ($2,706.92) (-0.16%)
Silver: $US26.69 ($37.25) (-1.95%)
Oil (WTI): $US42.34 (-0.56%)
Oil (Brent): $US44.35 (-1.22%)
Coal: $US51.35 (-1.25%)
Iron 62pc Fe: $US122.79 (-0.77%)
AUD/USD: $US0.7160 (-0.01%)
Bitcoin: $US11,684.38 (+0.65%)
What got you talking last week
Last week’s most popular story on Twitter was about Warren Buffet’s latest investment moves.
Buffett’s company Berkshire Hathaway bought 20.92 million shares in gold miner Barrick during the June quarter at a cost of $US563.6m ($786m). Analysts reckon a stampede of retail investors will follow him into gold shares.
Speaking of gold, another popular story was our latest edition of Money Talks. We spoke with Barclay Pearce head of trading Trent Primmer, who believes there are still opportunities in the small cap gold sector.
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Also, be sure to check in at 10.20am each morning for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.
Last week’s winners
| Code | Name | Price (intraday | % Return | Market Cap |
|---|---|---|---|---|
| HYD | HYDRIX LTD | 0.445 | 383 | $45.7M |
| MTB | MOUNT BURGESS MINING NL | 0.013 | 367 | $7.9M |
| FRX | FLEXIROAM LTD | 0.030 | 221 | $18.3M |
| CAQ | CAQ HOLDINGS LTD | 0.016 | 129 | $11.5M |
| SHK | STONE RESOURCES AUSTRALIA LT | 0.024 | 118 | $20.1M |
| ENX | ENEGEX LTD | 0.055 | 117 | $6.3M |
| FIJ | FIJI KAVA LTD | 0.250 | 117 | $26.7M |
| FGO | FLAMINGO AI LTD | 0.002 | 100 | $2.2M |
| CRO | CIRRALTO LTD | 0.028 | 93 | $42.3M |
| AIV | ACTIVEX LTD | 0.145 | 81 | $25.7M |
| ANR | ANATARA LIFESCIENCES LTD | 0.240 | 78 | $12.0M |
| S2R | S2 RESOURCES LTD | 0.195 | 74 | $62.0M |
| BMG | BMG RESOURCES LTD | 0.012 | 71 | $8.1M |
| SBR | SABRE RESOURCES LTD | 0.007 | 67 | $6.3M |
| TNP | TRIPLE ENERGY LTD | 0.010 | 67 | $819K |
| MGT | MAGNETITE MINES LTD | 0.012 | 62 | $29.4M |
| ICN | ICON ENERGY LIMITED | 0.023 | 62 | $12.5M |
| NTI | NEUROTECH INTERNATIONAL LTD | 0.016 | 60 | $4.0M |
| SHE | STONEHORSE ENERGY LTD | 0.008 | 60 | $3.2M |
| DAF | DISCOVERY AFRICA LTD | 0.032 | 59 | $7.1M |
| SRK | STRIKE RESOURCES LTD | 0.115 | 58 | $23.8M |
| BPH | BPH ENERGY LTD | 0.034 | 55 | $15.1M |
| MJC | MEJORITY CAPITAL LTD | 0.045 | 50 | $6.3M |
| ORN | ORION MINERALS LTD | 0.032 | 50 | $97.4M |
| ID8 | IDENTITII LTD | 0.195 | 50 | $21.3M |
| MNB | MINBOS RESOURCES LTD | 0.002 | 50 | $8.5M |
| CFE | CAPE LAMBERT RESOURCES LTD | 0.003 | 50 | $5.2M |
| ALT | ANALYTICA LTD | 0.003 | 50 | $10.6M |
| EER | EAST ENERGY RESOURCES LTD | 0.003 | 50 | $9.6M |
| APG | AUSTPAC RESOURCES NL | 0.002 | 50 | $4.4M |
| DTR | DATELINE RESOURCES LTD | 0.003 | 50 | $24.5M |
| SMI | SANTANA MINERALS LTD | 0.003 | 50 | $8.1M |
| BXN | BIOXYNE LTD | 0.020 | 50 | $11.5M |
| ASQ | AUSTRALIAN SILICA QUARTZ GRP | 0.074 | 48 | $15.9M |
| SMC | STRATEGIC MINERALS CORP NL | 0.650 | 48 | $62.7M |
| ASM | AUSTRALIAN STRATEGIC MATERIA | 1.530 | 46 | $184.5M |
| ENE | ENEVIS LTD | 0.080 | 45 | $8.0M |
| DCL | DOMACOM LTD | 0.080 | 45 | $19.6M |
| AO1 | ASSETOWL LTD | 0.011 | 44 | $6.4M |
| 1AG | ALTERRA LTD | 0.065 | 44 | $9.8M |
Last week’s losers
| Code | Name | Price (intraday | % Return | Market Cap |
|---|---|---|---|---|
| QEM | QEM LTD | 0.100 | -17 | $10.0M |
| MLS | METALS AUSTRALIA LTD | 0.002 | -17 | $8.0M |
| TSC | TWENTY SEVEN CO LTD | 0.005 | -17 | $7.4M |
| TNT | TESSERENT LTD | 0.230 | -17 | $140.8M |
| TIA | TIAN AN AUSTRALIA LTD | 0.140 | -18 | $12.1M |
| CDT | CASTLE MINERALS LTD | 0.014 | -18 | $6.8M |
| ECG | ECARGO HOLDINGS LTD | 0.014 | -18 | $8.6M |
| CPT | CIPHERPOINT LTD | 0.057 | -18 | $5.3M |
| BYH | BRYAH RESOURCES LTD | 0.049 | -18 | $6.5M |
| EAX | ENERGY ACTION LTD | 0.205 | -18 | $5.2M |
| AVW | AVIRA RESOURCES LTD | 0.007 | -19 | $10.5M |
| MGL | MAGONTEC LTD | 0.017 | -19 | $19.6M |
| AR9 | ARCHTIS LTD | 0.375 | -20 | $58.8M |
| CLZ | CLASSIC MINERALS LTD | 0.002 | -20 | $26.1M |
| CLA | CELSIUS RESOURCES LTD | 0.016 | -21 | $11.7M |
| IBG | IRONBARK ZINC LTD | 0.012 | -21 | $10.1M |
| PUA | PEAK MINERALS LTD | 0.025 | -22 | $11.6M |
| GED | GOLDEN DEEPS LTD | 0.015 | -22 | $7.5M |
| OKU | OKLO RESOURCES LTD | 0.280 | -23 | $139.5M |
| CZN | CORAZON MINING LTD | 0.002 | -25 | $9.8M |
| ORM | ORION METALS LTD | 0.015 | -32 | $7.7M |
| DHR | DARK HORSE RESOURCES LTD | 0.002 | -33 | $8.1M |
| MSI | MULTISTACK INTERNATIONAL LTD | 0.006 | -40 | $673K |
| ANW | AUS TIN MINING LTD | 0.001 | -50 | $3.0M |
| MRD | MOUNT RIDLEY MINES LTD | 0.002 | -50 | $2.7M |