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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, why Australia could be hardest hit in the global shipping crisis, James Hardie’s absolutely killing it in the US, and Guy le Page has his eye on the copper supply risk
But first … the day ahead
Who’s listing today?
Scheduled to list is Cobram Estate Olives (ASX:CBO), which calls itself “Australia’s largest producer and marketer of premium quality extra virgin olive oil”.
Cobram owns +2.4 million olive trees planted on 6,584 hectares of farmland in Victoria, together with Australia’s largest olive tree nursery.
TRADING HALTS
The following companies are in trading halts and are expected out in the next two trading days:
Wednesday
Roto-Gro (ASX:RGI) – clarifying announcement
Aldoro Resources (ASX:ARN) – drilling results
Rhinomed (ASX:RNO) – commercial agreement
Great Southern Mining (ASX:GSN) – capital raising
Core Lithium (ASX:CXO) – capital raising
African Gold (ASX:A1G) – exploration results
Tian Poh Resources (ASX:TPO) – ASX determination
Novonix (ASX:NVX) – capital raising
ikeGPS (ASX:IKE) – capital raising
Thursday
PARKD (ASX:PKD) – material contract
WAM Leaders (ASX:WLE) – capital raising
Vital Metals (ASX:VML) – acquisition
MARKETS
Gold: $US1,729.05 ($2,353.41) (-0.02%)
Silver: $US23.34 ($31.77) (-0.39%)
Oil (WTI): $US68.50 (+3.04%)
Oil (Brent): $US70.80 (+2.55%)
Coal: $US167.00 (+3.17%)
Iron 62pc Fe: $US168.59 (-2.84%)
AUD/USD: $US0.7348 (+0.28%)
Bitcoin: $US45,497.11 (+1.33%)
WHAT GOT YOU TALKING YESTERDAY?
Lithium, again.
#Lithium names frothing today pic.twitter.com/VcmbcjHQg5
— smallcaps_asx (@SmallCaps_asx) August 10, 2021
The question is … what’s next?
There are other battery metals with huge exposure to the EV/ clean energy thematic.
Is there opportunity for #graphite, #nickel, #cobalt, #vanadium or #rare earths stocks to go on a ‘lithium-like’ run? https://t.co/qlWLxUQ93u
— Stockhead (@StockheadAU) August 9, 2021
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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 after making announcements during intraday trade.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| T3D | 333D Limited | 0.002 | 100 | 788815 |
| CCE | Carnegie Cln Energy | 0.003 | 50 | 53872518 |
| HCD | Hydrocarbon Dynamic | 0.017 | 31 | 3182608 |
| A3D | Aurora Labs Limited | 0.13 | 30 | 2380017 |
| KNM | Kneomedia Limited | 0.009 | 29 | 27046946 |
| EN1 | Engage:Bdr Limited | 0.005 | 25 | 207464 |
| SOR | Strategic Elements | 0.335 | 22 | 11472633 |
| ARR | American Rare Earths | 0.14 | 22 | 8776074 |
| JRL | Jindalee Resources | 3.62 | 21 | 331954 |
| PNC | Pioneer Credit Ltd | 0.55 | 21 | 419986 |
| PDZ | Prairie Mining Ltd | 0.29 | 21 | 202062 |
| CGB | Cann Global Limited | 0.006 | 20 | 984410 |
| RDG | Res Dev Group Ltd | 0.048 | 20 | 205880 |
| ASN | Anson Resources Ltd | 0.105 | 19 | 16945337 |
| NKL | Nickelxltd | 0.225 | 18 | 3209892 |
| RCR | Rincon | 0.225 | 18 | 46821 |
| AGY | Argosy Minerals Ltd | 0.165 | 18 | 32276913 |
| IBX | Imagion Biosys Ltd | 0.082 | 17 | 13211027 |
| LSA | Lachlan Star Ltd | 0.036 | 16 | 12984014 |
| NVX | Novonix Limited | 3.49 | 16 | 15069308 |
| ACP | Audalia Res Ltd | 0.015 | 15 | 570000 |
| GL1 | Globallith | 0.38 | 15 | 4930054 |
Lachlan Star (ASX:LSA) signed a term sheet with Liontown Resources (ASX:LTR) which would allow Liontown to earn 51% equity in Lachlan Star’s Koojan Ni-Cu-PGE prospect.
Battery company Novonix (ASX:NVX) announced Phillips 66 will take a 16% stake. The deal will result in Phillips 66 chipping in US$150 million and one of its executives joining Novonix’s board.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
Stocks highlighted in yellow rose after making announcements during intraday trade.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CLZ | Classic Min Ltd | 0.001 | -50 | 71073427 |
| ANL | Amani Gold Ltd | 0.001 | -33 | 3054949 |
| MCM | Mc Mining Ltd | 0.115 | -23 | 856417 |
| DDD | 3D Resources Limited | 0.004 | -20 | 5962698 |
| VIC | Victory Mines Ltd | 0.002 | -20 | 3498333 |
| CLE | Cyclone Metals | 0.005 | -17 | 15615419 |
| ADV | Ardiden Ltd | 0.012 | -14 | 15721487 |
| RAN | Range International | 0.013 | -13 | 2337522 |
| MM8 | Medallion Metals. | 0.2 | -13 | 195950 |
| TMX | Terrain Minerals | 0.007 | -13 | 1014234 |
| CAP | Carpentaria Resource | 0.14 | -13 | 14834730 |
| AJX | Alexium Int Group | 0.072 | -12 | 2294368 |
| RDN | Raiden Resources Ltd | 0.022 | -12 | 1371252 |
| BLG | Bluglass Limited | 0.037 | -12 | 17614266 |
| BEE | Broo Ltd | 0.015 | -12 | 3263333 |
| TOE | Toro Energy Limited | 0.015 | -12 | 21128435 |
| ENX | Enegex Limited | 0.093 | -11 | 2381915 |
| CHR | Charger Metals | 0.435 | -11 | 3581202 |
| AYM | Australia United Min | 0.008 | -11 | 60000 |
| LNY | Laneway Res Ltd | 0.004 | -11 | 1625744 |
| MRD | Mount Ridley Mines | 0.004 | -11 | 4798853 |
| NCR | Nucoal Resources Ltd | 0.008 | -11 | 402617 |
Broo (ASX:BEE) fell off the back of news Victorian authorities declined to approve current proposed terms of sale of its Ballarat property.
