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.



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


Viva Leisure (ASX:VVA) – capital raising


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



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%)



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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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.



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