On Stockhead today, the most expensive cargo of lithium spodumene ever, why we’re unlikely to see commission-free ASX trading, and MinRes cops a big discount for iron ore.
But first, the day ahead.
Today, the Bureau of Statistics (ABS) publishes the September quarter Consumer Price Index (CPI).
Commsec says that CBA Group economists expect that the ‘headline’ CPI rose by 0.8pc in the quarter with higher prices for food, petrol, furnishings, household equipment, alcohol and tobacco all expected.
It also says that if the forecast is correct, “the annual growth rate would ease from 12 1/2 highs of 3.8pc in the June quarter to 3pc in the September quarter.”
WHO’S LISTING?
Star Minerals is listing today at 1pm AEDT under the code SMS.
The Western Australian gold explorer has set itself the ambitious goal of starting gold mining within 12 months of completing its planned initial public offering.
Star Minerals already has an inferred resource of 600,000t grading 2.2 grams per tonne (g/t) gold for 42,500oz of contained gold at Tumblegum South.
Proceeds from the planned $5m initial public offering will be used to progress the project towards production.
TRADING HALTS
Wednesday
Bowen Coking Coal (ASX:BCB) – update on Bluff PCI Mine acquisition
Sparc Technologies (ASX:SPN) – capital raising
Electro Optic Systems (ASX:EOS) – earnings downgrade
Estrella Resources (ASX:ESR) – exploration update
Tesoro Resources (ASX:TSO) – capital raising
Chase Mining (ASX:CML) – capital raising
Impedimed (ASX:IPD) – capital raising
Thursday
Centrex Metals (ASX:CXM) – capital raising
BIR Financial (ASX:BIR) – corporate transaction
Gold Road Resources (ASX:GOR) – ore reserve increase
Toys’R’Us (ASX:TOY) – new contract
Auroch Minerals (ASX:AOU) – capital raising
West African Resources (ASX:WAF) – acquisition and capital raising
MARKETS
Gold: US$1,794.12 ($2,390.47) (-0.74%)
Silver: US$24.16 ($32.19) (-1.59%)
Oil (WTI): US$84.66 (+1.06%)
Oil (Brent): US$86.38 (+0.45%)
Coal: US$226.00 (-0.00%)
Iron 62pe Fe: US$122.47 (+0.34%)
AUD/USD: US$0.7505 (+0.20%)
Bitcoin: US$62,060.73 ($82,689.22) (-1.06%)
WHAT GOT YOU TALKING YESTERDAY?
Ionic Rare Earths (ASX:IXR) has been granted a new exploration licence that expands the area of its Makuutu rare earths project in Uganda by 56sqkm to 300sqkm.
The company had applied for EL00257 after its phase 3 rotary air blast drilling intersected thick clay intervals more than 2km north and west of the basin margin.
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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.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| KOR | Korab Resources | 0.075 | 178 | 72197343 |
| BCT | Bluechiip Limited | 0.05 | 67 | 88823521 |
| LMG | Latrobe Magnesium | 0.053 | 61 | 115380202 |
| MGL | Magontec Limited | 0.48 | 50 | 322482 |
| ANL | Amani Gold Ltd | 0.003 | 50 | 28549482 |
| CMD | Cassius Mining Ltd | 0.024 | 50 | 5929327 |
| AMD | Arrow Minerals | 0.008 | 33 | 41784617 |
| A8G | Australasian Gold | 0.74 | 31 | 1808015 |
| AGR | Aguia Res Ltd | 0.065 | 30 | 4587732 |
| LSA | Lachlan Star Ltd | 0.039 | 30 | 46396040 |
| AZS | Azure Minerals | 0.45 | 25 | 6196128 |
| CAE | Cannindah Resources | 0.3 | 25 | 2318470 |
| VIC | Victory Mines Ltd | 0.0025 | 25 | 710018 |
| GEV | Global Ene Ven Ltd | 0.135 | 23 | 14318240 |
| GW1 | Greenwing Resources | 0.36 | 22 | 1042807 |
| KCN | Kingsgate Consolid. | 1.98 | 21 | 4599005 |
| CCE | Carnegie Cln Energy | 0.003 | 20 | 6589476 |
| IKW | Ikwezi Mining Ltd | 0.92 | 19 | 16336 |
| LPD | Lepidico Ltd | 0.031 | 19 | 109218085 |
| CRS | Caprice Resources | 0.22 | 19 | 27008 |
| TRL | Tanga Resources Ltd | 0.047 | 18 | 722868 |
| PRS | Prospech Limited | 0.09 | 17 | 135519 |
Bluechiip (ASX:BCT), a company developing a tracking technology designed for medical samples stored at sub-zero temperatures, signed a licence and development agreement with Fujifilm Irvine Scientific.
In resources, magnesium hopeful Korab Resources (ASX:KOR) rose despite not having any news, leading to trading being paused. Emmerson Resources (ASX:ERM) meanwhile did have news – in the form of visible copper intersections at its Tennant Creek project.
Camplify (ASX:CHL), a campervan and motorhome sharing community which has more than tripled since listing in June, announced a $7m+ acquisition deal. It is buying the Mighway and SHAREaCAMPER businesses and assets in Australia and New Zealand.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| OAK | Oakridge | 0.001 | -50 | 1357498 |
| PCL | Pancontinental Energ | 0.001 | -33 | 606634 |
| YPB | YPB Group Ltd | 0.002 | -33 | 112209157 |
| ALT | Analytica Limited | 0.0015 | -25 | 324400 |
| GTG | Genetic Technologies | 0.006 | -20 | 6378790 |
| PVE | Po Valley Energy Ltd | 0.026 | -19 | 1182783 |
| MOB | Mobilicom Ltd | 0.05 | -17 | 20000 |
| TSC | Twenty Seven Co. Ltd | 0.005 | -17 | 1633563 |
| ACB | A-Cap Energy Ltd | 0.11 | -15 | 9350319 |
| JNO | Juno | 0.12 | -14 | 332715 |
| MTB | Mount Burgess Mining | 0.006 | -14 | 115000 |
| 3MF | 3D Metalforge | 0.135 | -13 | 75036 |
| OAU | Ora Gold Limited | 0.014 | -13 | 500000 |
| ENV | Enova Mining Limited | 0.022 | -12 | 109038 |
| HCD | Hydrocarbon Dynamic | 0.022 | -12 | 1462816 |
| KMT | Kopore Metals Ltd | 0.022 | -12 | 2651732 |
| SIS | Simble Solutions | 0.022 | -12 | 1809000 |
| IQ3 | Iq3Corp Limited | 0.15 | -12 | 4901 |
| ITM | Itech Minerals Ltd | 0.3 | -12 | 2478512 |
| BGT | Bio-Gene Technology | 0.195 | -11 | 2551013 |
| BCA | Black Canyon Limited | 0.24 | -11 | 173367 |
| GNM | Great Northern | 0.008 | -11 | 4549333 |
Medibio (ASX:MEB) fell after updating shareholders on its path to get FDA approval for its technology used to diagnose sleep disorders, announcing it was pivoting to another pathway to regulatory clearance.