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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Westferry’s three largest ASX small cap holdings, a 9,200pc property flip, and can Lumos light up with FDA approval?
But first…
THE WEEK AHEAD
It’s set to be another busy week of IPOs. The biggest of these will be life insurer Noble Oak Life (ASX:NOL) which completed a $63 million capital raising and is pencilled in for Wednesday.
Here’s a full list of upcoming listings…
| Code | Company | Date | Price per share | Capital raised | Sector |
|---|---|---|---|---|---|
| ALL | Almonty Indust | 20-Jul | 1 | $13.5M | Resources |
| AWN | Aquirian | 27-Jul | 0.2 | $8m | Resources |
| BMR | Ballymore Resources | 6-Aug | 0.2 | $11m | Resources |
| BDX | BCAL Diagnostics | 19-Jul | 0.25 | $8m | Health |
| BEZ | Besera Gold | 7-Sep | 0.2 | $12.5M | Resources |
| BST | Best & Less | 26-Jul | 2.16 | $60m | Consumer |
| CNR | Cannon Resources | 12-Aug | 0.2 | $6m | Resources |
| CPO | Culpeo | 17-Aug | 0.2 | $6m | Resources |
| ETT | East33 | 29-Jul | 0.2 | $32m | Consumer |
| GFN | Gefen | 21-Jul | 1 | $25m | Tech |
| KNI | Kuniko | 23-Aug | 0.2 | $7.9M | Resources |
| NOL | Noble Oak Life | 21-Jul | 1.95 | $62.2M | Financial |
| OPN | Openn Negotiation | 21-Jul | 0.2 | $9m | Tech |
| TMB | Tambourah Metals | 20-Aug | 0.2 | $8m | Resources |
| 1VG | Victory Goldfields | 22-Jul | 0.2 | $5m | Resources |
| WGR | Western Gold | 19-Jul | 0.2 | $7m | Resources |
| WMG | Western Mines | 20-Jul | 0.2 | $5.5M | Resources |
It’s a quiet week in local economic data except for the Melbourne Institute’s Leading Index due on Wednesday at 10.30am.
However economists will be watching the RBA release the formal minutes of its monthly board meeting, which go into greater detail than the 2.30pm announcements on the day of the bank’s meeting.
Potentially market moving economic data in the USA includes mortgage market data on Wednesday evening and crude oil data on Thursday evening.
TRADING HALTS
Today
GBM Resources (ASX:GBZ) – project acquisition
Digital Wine Ventures (ASX:DW8) – capital raising
RareX (ASX:REE) – resource upgrade
Predictive Discovery (ASX:PDI) – exploration results
Aeon Metals (ASX:AML) – capital raising
Selfwealth (ASX:SWF) – capital raising
Heron Resources (ASX:HRR) – strategic process update
MARKETS
Gold: $US1,829.22 ($2,462.31) (+0.12%)
Silver: $US26.33 ($35.44) (+0.37%)
Oil (WTI): $US71.45 (-2.30%)
Oil (Brent): $US73.19 (-2.10%)
Coal: $US142.70 (+1.05%)
Iron 62pc Fe: $US218.68 (+0.34%)
AUD/USD: $US0.7420 (-0.81%)
Bitcoin: $US31,737.50 (-3.31%)
WHAT GOT YOU TALKING LAST WEEK
…Other than lockdowns? A few weeks ago one of our MoneyTalks interviewees observed the price of second hand cars had gone up during COVID-19, something that had never happened before.
He’s right, and it seems the idea is catching on.
Trade idea: Buy a new car and drive it over to a used car lot and sell it. https://t.co/sS7rdABQXz
— Joe Weisenthal (@TheStalwart) July 13, 2021
Back Down Under, ICYMI last week, our uranium V-Con was popular…
Check out our latest V-Con focuses on Uranium – Demand backed by Biden’s strategic reserve and growing support for nuclear energy with @RealRickRule @Lotus_Resources @valorresources @ltd_gti $AGE $GTR $VAL $LOT https://t.co/Ig26xEWgbB
— Stockhead (@StockheadAU) July 13, 2021
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
For all you crypto lovers Stockhead’s Cryptohead Facebook group is the place to share your views, insights, tips and ideas.
Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
LAST WEEK’S WINNERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | ReturnWRoll% | MktCap$ |
|---|---|---|---|---|
| RBX | Resource B | 0.18 | 429 | $ 5,771,089.45 |
| ATU | Atrum Coal Ltd | 0.073 | 135 | $ 36,661,694.14 |
| BRL | Bathurst Res Ltd. | 0.815 | 87 | $ 140,180,330.86 |
| MRD | Mount Ridley Mines | 0.0035 | 75 | $ 15,044,120.72 |
| YFZ | Youfoodz | 0.915 | 73 | $ 121,765,458.54 |
| ICQ | Icar Asia Ltd | 0.48 | 66 | $ 205,518,066.71 |
| WSI | Weststar Industrial | 0.028 | 56 | $ 26,337,866.82 |
| FEL | Fe Limited | 0.089 | 51 | $ 58,795,382.02 |
| PBX | Pacific Bauxite Ltd | 0.003 | 50 | $ 1,189,842.10 |
| JPR | Jupiter Energy | 0.061 | 49 | $ 5,674,974.64 |
| RXH | Rewardle Holding Ltd | 0.016 | 45 | $ 8,421,143.81 |
| OKR | Okapi Resources | 0.32 | 45 | $ 16,804,818.77 |
| RNO | Rhinomed Ltd | 0.215 | 43 | $ 54,568,963.38 |
| KOR | Korab Resources | 0.02 | 43 | $ 6,649,859.62 |
| 14D | 1414 Degrees Limited | 0.14 | 40 | $ 25,038,807.25 |
| RFG | Retail Food Group | 0.096 | 35 | $ 184,448,282.23 |
| KIN | KIN Min NL | 0.155 | 35 | $ 127,870,774.56 |
| AD1 | AD1 Holdings Limited | 0.044 | 33 | $ 26,596,081.51 |
| IVT | Inventis Limited | 0.012 | 33 | $ 12,606,181.28 |
| ICE | Icetana Limited | 0.11 | 33 | $ 11,809,709.38 |
| MR1 | Montem Resources | 0.053 | 33 | $ 9,822,095.55 |
| INV | Investsmart Group | 0.25 | 32 | $ 34,598,883.75 |
| CKA | Cokal Ltd | 0.08 | 31 | $ 73,042,002.73 |
| AXE | Archer Materials | 1.32 | 31 | $ 290,070,846.15 |
| TTA | TTA Holdings Ltd | 0.036 | 29 | $ 4,947,242.76 |
| SOR | Strategic Elements | 0.2825 | 28 | $ 104,862,570.57 |
| NXM | Nexus Minerals Ltd | 0.105 | 28 | $ 23,926,863.76 |
| TMS | Tennant | 0.032 | 28 | $ 10,961,287.95 |
| MIO | Macarthur Minerals | 0.625 | 28 | $ 78,743,915.60 |
| STM | Sunstone Metals Ltd | 0.019 | 27 | $ 39,779,777.63 |
| EAX | Energy Action Ltd | 0.335 | 26 | $ 9,041,181.00 |
| HMY | Harmoney Corp Ltd | 2.21 | 26 | $ 226,044,501.76 |
LAST WEEK’S LOSERS
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| PCL | Pancontinental Oil | 0.002 | 100 | 1000600 |
| JPR | Jupiter Energy | 0.054 | 46 | 24649656 |
| WNX | Wellnex Life Ltd | 0.165 | 38 | 8116628 |
| MTH | Mithril Resources | 0.023 | 35 | 62362224 |
| MRD | Mount Ridley Mines | 0.004 | 33 | 13999833 |
| SPQ | Superior Resources | 0.015 | 25 | 15104792 |
| TSC | Twenty Seven Co. Ltd | 0.005 | 25 | 100000 |
| MIL | Millennium Grp Ltd | 0.65 | 23 | 161894 |
| NME | Nex Metals Explorat | 0.053 | 20 | 1240053 |
| CFO | Cfoam Limited | 0.018 | 20 | 28449241 |
| VIC | Victory Mines Ltd | 0.003 | 20 | 2848275 |
| AUT | Auteco Minerals | 0.13 | 18 | 7450480 |
| BLZ | Blaze Minerals Ltd | 0.034 | 17 | 1450878 |
| ATR | Astron Corp Ltd | 0.49 | 17 | 18449 |
| DLC | Delecta Limited | 0.007 | 17 | 1571000 |
| NOR | Norwood Systems Ltd. | 0.022 | 16 | 7014476 |
| OAU | Ora Gold Limited | 0.022 | 16 | 2555989 |
| CG1 | Carbonxt Group | 0.195 | 15 | 649262 |
| MTB | Mount Burgess Mining | 0.008 | 14 | 138819 |
| OEQ | Orion Equities | 0.4 | 14 | 35000 |
| SHG | Singular Health | 0.33 | 14 | 63539 |
| COD | Coda Minerals Ltd | 1.26 | 14 | 372767 |
