On Stockhead today, three high-grade iron ore plays set to soar, Australia’s best-performing post-Covid boom investment funds, and all about the ‘Helium 3.0’ crisis.
But first…
THE DAY AHEAD
Goldfields explorer Western Mines Group (ASX:WMG) will list on the ASX at 1.30pm AEST.
Its flagship asset is the Mulga Tank ni-cu-PGE project 190km east-northeast of Kalgoorlie, which hosts “a major ultramafic intrusion approximately the same size as the Kambalda Dome.”
TRADING HALTS
The following companies are in trading halts and are expected out in the next two trading days:
Wednesday
Woomera Mining (ASX:WML) – drilling results and price query
Jervois Mining (ASX:JRV) – acquisition and equity raising
Total Brain Limited (ASX:TTB) – capital raising
Australian Strategic Materials (ASX:ASM) – investment in Dubbo Project
Kula Gold (ASX:KGD) – capital raising
Helios Energy (ASX:HE8) – capital raising
Ragnar Metals (ASX:RAG) – exploration results
MARKETS
Gold: $US1813.44 ($2,469.95) (+0.09%)
Silver: $US25.20 (-5.21%)
Oil (WTI): $US66.61 (-6.77%)
Oil (Brent): $US68.76 (-6.19%)
Coal: $US148.60 (+2.40%)
Iron 62pc Fe: $US219.50 (-0.12%)
AUD/USD: $US0.7338 (-0.08%)
Bitcoin: $US30,827.03 (-2.62%)
WHAT GOT YOU TALKING YESTERDAY
Sydney continues to report significant Covid-19 case numbers and a fifth death, while Melbourne’s lockdown is being extended. It’s got people yearning for the finer things in life …
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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.
YESTERDAY’S WINNERS
Scroll or swipe to reveal table. Click headings to sort.
(Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.)
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| EPD | Empired Ltd | 1.305 | 59.15 | 7,761,361 |
| PDI | Predictive Disc Ltd | 0.135 | 42.11 | 60,633,747 |
| COY | Coppermoly Limited | 0.015 | 25.00 | 6,374,238 |
| VMX | Valmec Limited | 0.4 | 25.00 | 5,691,003 |
| WML | Woomera Mining Ltd | 0.027 | 22.73 | 20,814,967 |
| BAS | Bass Oil Ltd | 0.003 | 20.00 | 979,333 |
| LNY | Laneway Res Ltd | 0.006 | 20.00 | 127,857 |
| ENA | Ensurance Ltd | 0.031 | 19.23 | 3,141,684 |
| PDZ | Prairie Mining Ltd | 0.26 | 18.18 | 196,345 |
| DRE | Drednought Resources | 0.046 | 17.95 | 47,312,112 |
| OOK | Ookami Limited | 0.305 | 17.31 | 2,324,695 |
| RBR | RBR Group Ltd | 0.007 | 16.67 | 1,500,000 |
| JAL | Jameson Resources | 0.115 | 15.00 | 10,000 |
| NTL | New Talisman Gold | 0.004 | 14.29 | 6,269 |
| MDI | Middle Island Res | 0.12 | 14.29 | 100,688 |
| AUN | Aurumin | 0.205 | 13.89 | 75,149 |
| AXI | Axiom Properties | 0.075 | 13.64 | 24,400 |
| REE | Rarex Limited | 0.092 | 13.58 | 49,027,729 |
| NSM | Northstaw | 0.36 | 12.50 | 74,777 |
| AXP | AXP Energy Ltd | 0.0045 | 12.50 | 2,529,214 |
| CVS | Cervantes Corp Ltd | 0.009 | 12.50 | 1,342,242 |
| GMR | Golden Rim Resources | 0.009 | 12.50 | 4,742,601 |
| RIM | Rimfire Pacific | 0.009 | 12.50 | 1,566,269 |
| SBR | Sabre Resources | 0.0045 | 12.50 | 6,629,445 |
| AAP | Australian Agri Ltd | 0.028 | 12.00 | 199,196 |
There was a French connection to the day’s big takeover news with IT provider Empired Limited (ASX:EPD) announcing a friendly $233 million all cash takeover from Capgemini and energy and infrastructure services play Valmec (ASX:VMX) announcing its $52 million purchase by Montpellier-based Altrad.
Both were announced at significant premiums, with Empired shares soaring 59% after revealing the $1.35 a share offer.
“Prospect generator” Predictive Discovery (ASX:PDI) hit bonanza grades at its Bankan Project in Guinea.
Results of 49.7m at 11.7g/t and 55.6m at 5.7g/t are nothing to sneeze at, with some intervals even higher at plus-ounce grades.
The company says the NE Bankan prospect is 100-200m long, 250m deep and remains open at depth.
Rarex (ASX:REE) delivered a major resource upgrade at its Cummins Range rare earths project.
It added 47% in overall tonnage to 18.8Mt at 1.15% TREO (including 0.23% NdPr) and 0.14% Nb2O5, the first time a potential niobium by-product has been reported.
Rarex also reported a maiden indicated resource of 11.1Mt at 1.3% TREO (including 0.27% NdPr) and 0.17% Nb2O5.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CLZ | Classic Min Ltd | 0.001 | -50.00 | 32,615,682 |
| IVT | Inventis Limited | 0.008 | -33.33 | 9,284,638 |
| ANL | Amani Gold Ltd | 0.0015 | -25.00 | 8,545,750 |
| MRD | Mount Ridley Mines | 0.003 | -25.00 | 13,096,141 |
| PCL | Pancontinental Oil | 0.0015 | -25.00 | 2,017,538 |
| DDD | 3D Resources Limited | 0.004 | -20.00 | 895,763 |
| EN1 | Engage:Bdr Limited | 0.004 | -20.00 | 250,100 |
| TSC | Twenty Seven Co. Ltd | 0.004 | -20.00 | 3,189,508 |
| SIH | Sihayo Gold Limited | 0.009 | -18.18 | 4,105,074 |
| INF | Infinity Lithium | 0.115 | -17.86 | 20,373,091 |
| TPD | Talon Energy Ltd | 0.007 | -17.65 | 33,817,233 |
| TYM | Tymlez Group | 0.019 | -17.39 | 20,688,648 |
| CCE | Carnegie Cln Energy | 0.0025 | -16.67 | 13,368,574 |
| VIC | Victory Mines Ltd | 0.0025 | -16.67 | 2,250,000 |
| WNX | Wellnex Life Ltd | 0.14 | -15.15 | 7,780,901 |
| DTZ | Dotz Nano Ltd | 0.31 | -15.07 | 468,146 |
| INV | Investsmart Group | 0.21 | -14.29 | 71,260 |
| DLC | Delecta Limited | 0.006 | -14.29 | 3,500,000 |
| FAU | First Au Ltd | 0.012 | -14.29 | 856,771 |
| HNR | Hannans Ltd | 0.006 | -14.29 | 2,295,923 |
| IPT | Impact Minerals | 0.013 | -13.33 | 6,718,802 |
| PVL | Powerhouse Ven Ltd | 0.1 | -13.04 | 12,500 |
| JPR | Jupiter Energy | 0.047 | -12.96 | 5,538,358 |
| BMN | Bannerman Resources | 0.135 | -12.90 | 5,830,098 |
| GSM | Golden State Mining | 0.145 | -12.12 | 387,170 |