On Stockhead today, a chat with bonkers IPO stock Kuniko’s chairman, the latest growth forecast for silver and can Nuix come back from the dead?

But first … the day ahead.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the next two trading days:

Friday:

Viva Leisure (ASX:VVA) – capital raising

Monday

Environmental Clean Technologies (ASX:ECT) – cleansing notice lodging

Barra Resources (ASX:BAR) – capital raising

Nutritional Growth Solutions (ASX:NGS) – capital raising

Ragusa Minerals (ASX:RAS) – lodging prospectus

 

MARKETS

Gold: $US1,791.90 ($2,475.69) (+0.07%)

Silver: $US23.54 ($32.52) (-1.33%)

Oil (WTI): $US67.78 (-0.85%)

Oil (Brent): $US71.44 (-1.12%)

Coal: $US170.75 (+0.44%)

Iron 62pc Fe: $US159.63 (-0.18%)

AUD/USD: $US0.7236 (-0.50%)

Bitcoin: $US47,193.03 (-3.31%)

 

WHAT GOT YOU TALKING YESTERDAY?

The pump, and then dump, of newly listed base metals explorer Kuniko. Who was left holding the bag?

Oh hey, there you are. ‘How to Perfectly Time the Peak’ by u/jhaago.

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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.

Like Vulcan, spin-off Kuniko has zero-carbon ambitions to develop its resources projects, which are based in Norway.

After raising pre-IPO funds at 20c, KNI shares closed on Tuesday at 85c for a day-one gain of more than 300%.

Following a lull Wednesday, the stock mooned again Thursday on a surge in volume, which saw it briefly climb to more than $3 before going into a trading halt at $1.90 just before 3:30pm AEST.

Early-stage soil sampling — which is what Kuniko is now doing at its Skuterud cobalt project and the Vangrøfta copper project — historically hasn’t been a catalyst for 10-bagger returns within two days of listing.

The surging volumes for KNI shares gave rise to some outsized gains before the ASX put a stop to things just prior to the closing bell.

 

YESTERDAY’S LOSERS

Scroll or swipe to reveal table. Click headings to sort.