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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Guy Le Page on Chalice, gold and other miracles, Eunice Wong’s latest 33x returns, and who else is scouring Julimar?
But first … the day ahead.
TRADING HALTS
The following companies are in trading halts and are expected out in the next two trading days:
Thursday
Alice Queen (ASX:AQX) – scoping study
Westar Resources (ASX:WSR) – capital raising
Bowen Coking Coal (ASX:BCB) – capital raising
Liontown Resources (ASX:LTR) – DFS study and downstream scoping study
Alto Metals (ASX:AME) – capital raising
Global Energy Ventures (ASX:GEV) – capital raising
Peppermint Innovation (ASX:PIL) – capital raising
Friday
Lepidico (ASX:LPD) – company update
ArchTIS (ASX:AR9) – capital raising
Greenland Minerals (ASX:GGG) – regulatory update
Latrobe Magnesium (ASX:LMG) – capital raising
Nitro Software (ASX:NTO) – capital raising and acquisition
MARKETS (updated at 7.30am AEDT)
Gold: $US1,846.67 ($2,518.46) (+0.83%)
Silver: $US24.56 ($33.49) (+1.18%)
Oil (WTI): $US81.17 (-3.54%)
Oil (Brent): $US82.42 (-2.78%)
Coal: $US158.50 (-2.16%)
Iron 62pc Fe: $US92.19 (+0.23%)
AUD/USD: $US0.7332 (-0.61%)
Bitcoin: $US66,746.53 ($91,027.92) (-0.03%)
WHAT GOT YOU TALKING YESTERDAY?
A veteran move.
What’s the betting that China is importing as much high grade Australian iron ore as it can at these lower #ironore prices – due to its steel production slowdown 😂🤣https://t.co/tnKHyi0vab
— Keith Goode (@Eagleresa) November 10, 2021
And over in the US, Rivian starts trading after the electric vehicle-maker raised about $11.9 billion in the biggest IPO of the year. If the rumours be true, this little battler — JIMCO — could turn an initial $US100k investment into $8.2bn.
One of the unexpected winners of @Rivian’s IPO is JIMCO, the investment subsidiary of @ALJCorporate, a 76 year old family business based out of KSA
If rumour be true, what started as a seed cheque of $100k, eventually became a $303m investment, that..
— Omar Kassim (@okassim) November 8, 2021
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
For all you crypto lovers, Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
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 |
|---|---|---|---|---|
| GT1 | Greentechnology | 0.38 | 52.0% | 24,147,743 |
| PRM | Prominence Energy | 0.01 | 42.9% | 34,672,697 |
| DOU | Douugh Limited | 0.11 | 42.9% | 22,603,342 |
| MEP | Minotaur Exploration | 0.18 | 38.5% | 15,856,357 |
| RNE | Renu Energy Ltd | 0.11 | 34.1% | 39,949,384 |
| MLS | Metals Australia | 0.002 | 33.3% | 256,952,984 |
| LCK | Leigh Crk Energy Ltd | 0.16 | 33.3% | 12,592,133 |
| PEC | Perpetual Res Ltd | 0.11 | 27.9% | 1,680,936 |
| ECT | Env Clean Tech Ltd. | 0.029 | 26.1% | 32,187,026 |
| KGL | KGL Resources Ltd | 0.71 | 18.3% | 783,128 |
| PGO | Pacgold | 0.355 | 18.3% | 645,074 |
| VR1 | Vection Technologies | 0.165 | 17.9% | 17,853,061 |
| PAK | Pacific American Hld | 0.02 | 17.6% | 15,004,342 |
| BAT | Battery Minerals Ltd | 0.014 | 16.7% | 40,796,546 |
| AHQ | Allegiance Coal Ltd | 0.64 | 16.4% | 2,391,084 |
| AKO | Akora Resources | 0.225 | 15.4% | 167,858 |
Lithium play Green Technology Metals (ASX:GT1) became the latest ASX IPO to surge higher on debut.
The company has three lithium projects in Ontario, Canada in JV with gold explorer Ardiden (ASX:ADV).
Nanocap explorer Metals Australia (ASX:MLS) ticked higher on strong volumes, after announcing that rockchip sampling had revealed high grades of lithium, tantalum and caesium.
MLS said the results confirmed a “major new LCT pegmatite discovery” at its Manindi project, located in the Youanmi region of WA.
Another big winner was hydrogen investment company Renu Energy (ASX:RNE), which announced plans to acquire Countrywide Renewable Hydrogen (CRH).
Fintech player Douugh (ASX:DOU) jumped by around 30% on no news, a day after flagging 42% monthly growth in US customers for its financial management app.
Virtual and augmented reality stock Vection Technologies (ASX:VR1) released a trading update which showed steady growth in its total contract value across a varied customer base.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| WOO | Wooboard Tech Ltd | 0.001 | -50.0% | 9,182,487 |
| PCL | Pancontinental Energ | 0.001 | -33.3% | 5,162,932 |
| BAS | Bass Oil Ltd | 0.0015 | -25.0% | 528,260 |
| ADN | Andromeda Metals Ltd | 0.165 | -17.5% | 21,975,352 |
| PLG | Pearlgullironlimited | 0.099 | -17.5% | 680,749 |
| CCE | Carnegie Cln Energy | 0.0025 | -16.7% | 7,700,314 |
| EN1 | Engage:Bdr Limited | 0.0025 | -16.7% | 1,043,937 |
| SBR | Sabre Resources | 0.005 | -16.7% | 21,759,487 |
| BCC | Beam Communications | 0.48 | -16.5% | 381,234 |
| IBX | Imagion Biosys Ltd | 0.084 | -16.0% | 32,990,907 |
| CAE | Cannindah Resources | 0.28 | -15.2% | 7,785,059 |
| BUR | Burleyminerals | 0.21 | -14.3% | 88,715 |
| AMD | Arrow Minerals | 0.006 | -14.3% | 9,043,227 |
| KFE | Kogi Iron Ltd | 0.012 | -14.3% | 2,359,281 |
| NVX | Novonix Limited | 8.17 | -14.1% | 6,507,636 |
A friendly takeover will see kaolin tech joint venture partners Andromeda Metals (ASX:ADN) and Minotaur (ASX:MEP) combine.
The unanimously recommended off-market takeover offer (1.15 new Andromeda shares offered for every 1 Minotaur share) values Minotaur at $108m, or 20.8 cents per share – a 59.8% premium to last close.
MEP surged but $435m market cap ADN didn’t fare as well, falling 17.5% for the day.
