On Stockhead today, Rick Rule on how to spot a gold takeover target, how to get in on global EV action, and BHP sticks to its guns.
But first … the day ahead.
Listing today is Perth-based $3.3 billion disability employment services firm APM Human Services (ASX:APM).
Founded by occupational therapist Megan Wynne in 1994, the company raised $982 million in its IPO float at $3.55 a share.
Wynne owns 34.2% of the business, which the AFR Rich List says will make her Australia’s newest billionaire, valuing her and husband Bruce Bellinge’s stake at $1.4 billion.
APM will start trading on the ASX at midday AEDT.
TRADING HALTS
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
Monday
Alicanto Minerals (ASX:AQI) – capital raising
Nexus Minerals (ASX:NXM) – capital raising
RooLife Group (ASX:RLG) – capital raising
Tanga Resources (ASX:TRL) – capital raising
MARKETS (updated at 7.30am AEDT)
Gold: $US1,861.93 ($2,552.95) (+0.67%)
Silver: $US25.20 ($34.56) (+2.34%)
Oil (WTI): $US81.20 (-0.17%)
Oil (Brent): $US82.56 (-0.11%)
Coal: $US151.50 (-4.42%)
Iron 62pc Fe: $US92.63 (+1.56%)
AUD/USD: $US0.72.97 (-0.45%)
Bitcoin: $US65,146.70 ($89,338.93) (-2.41%)
WHAT GOT YOU TALKING YESTERDAY?
What on God’s Green Hydrogen Earth was this? (Yes we did that for the SEO.)
So many questions.
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.
THURSDAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| MLS | Metals Australia | 0.003 | 50.0% | 41,899,183 |
| WOO | Wooboard Tech Ltd | 0.0015 | 50.0% | 6,967,039 |
| BAS | Bass Oil Ltd | 0.002 | 33.3% | 5,651,223 |
| PGO | Pacgold | 0.46 | 29.6% | 587,454 |
| ECT | Env Clean Tech Ltd. | 0.037 | 27.6% | 28,623,986 |
| KIS | King Island | 0.175 | 25.0% | 7,267,654 |
| YPB | YPB Group Ltd | 0.0025 | 25.0% | 5,164,908 |
| KAI | Kairos Minerals Ltd | 0.037 | 23.3% | 40,806,030 |
| SPQ | Superior Resources | 0.022 | 22.2% | 31,903,143 |
| VMS | Venture Minerals | 0.052 | 20.9% | 19,239,367 |
| SER | Strategic Energy | 0.042 | 20.0% | 1,121,196 |
| GT1 | Greentechnology | 0.455 | 19.7% | 7,140,001 |
| HMD | Heramed Limited | 0.225 | 18.4% | 1,602,391 |
| POD | Podium Minerals | 0.43 | 17.8% | 1,329,797 |
| TOU | Tlou Energy Ltd | 0.073 | 17.7% | 16,884,612 |
| AVL | Aust Vanadium Ltd | 0.027 | 17.4% | 62,540,137 |
| LRL | Labyrinth Resources | 0.042 | 16.7% | 8,756,364 |
| AMD | Arrow Minerals | 0.007 | 16.7% | 3,373,849 |
| ARD | Argent Minerals | 0.043 | 16.2% | 6,893,837 |
| FRM | Farm Pride Foods | 0.3 | 15.4% | 35,572 |
| ACP | Audalia Res Ltd | 0.015 | 15.4% | 308,454 |
| GLV | Global Oil & Gas | 0.03 | 15.4% | 16,880,474 |
| AHI | Adv Human Imag Ltd | 1.15 | 15.0% | 850,388 |
| EDE | Eden Inv Ltd | 0.023 | 15.0% | 24,447,895 |
| PAK | Pacific American Hld | 0.023 | 15.0% | 19,304,876 |
Among stocks with no news, gold play PacGold (ASX:PGO) ticked higher in Thursday trade, following up Wednesday’s 18% gain with a ~30% rally after announcing a high grade gold hit at its Alice River project in North Queensland.
Elsewhere, there was a heavy resources and energy theme among stocks with market moving announcements.
King Island Scheelite (ASX:KIS) held its gains after flagging that the redevelopment of its’ ‘Dolphin’ tungsten mine on King Island, Tasmania, is officially on.
Tlou Energy (ASX:TOU) continued the recent run of small cap moves concerning anything to do with green (or blue) hydrogen, after announcing new plans for the Lesedi power project in Botswana.
The company and its technology partner, Synergen Met, “are working on combining large, established natural gas reserves with abundant solar energy to produce green hydrogen”, Tlou said.
THURSDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| GPR | Geopacific Resources | 0.24 | -25.0% | 5,798,016 |
| EMT | Emetals Limited | 0.014 | -22.2% | 1,538,904 |
| CCE | Carnegie Cln Energy | 0.002 | -20.0% | 4,766,841 |
| DOU | Douugh Limited | 0.093 | -15.5% | 14,303,760 |
| LPD | Lepidico Ltd | 0.045 | -15.1% | 91,717,512 |
| DLC | Delecta Limited | 0.017 | -15.0% | 24,618,316 |
| EME | Energy Metals Ltd | 0.33 | -14.3% | 68,150 |
| RFT | Rectifier Technologies | 0.049 | -14.0% | 11,840,859 |
| IND | Industrialminerals | 0.26 | -13.3% | 572,492 |
| CGB | Cann Global Limited | 0.0035 | -12.5% | 6,623,887 |
| KNB | Koonenberrygold | 0.14 | -12.5% | 812,707 |
| NEA | Nearmap Ltd | 1.885 | -12.3% | 9,882,286 |
| LTR | Liontown Resources | 1.64 | -12.1% | 27,234,163 |
| SNS | Sensen Networks Ltd | 0.115 | -11.5% | 463,870 |
| PRS | Prospech Limited | 0.077 | -11.5% | 13,500 |
| BEE | Broo Ltd | 0.012 | -11.1% | 1,324,471 |
| DDD | 3D Resources Limited | 0.004 | -11.1% | 5,320,425 |
| NOR | Norwood Systems Ltd. | 0.016 | -11.1% | 749,900 |
| TMK | Tamaska Oil Gas Ltd | 0.008 | -11.1% | 2,180,700 |
Among yesterday’s laggards, Geopacific Resources (ASX:GPR) led the way after providing a project development update in early afternoon trade.
GPR said early earthwork activities at its Woodlark gold project in Papua New Guinea have been delayed due to a number of factors including “unseasonal inclement weather” and the impact of rising COVID-19 cases on the island.
Lithium explorer Lepidico (ASX:LPD) also slipped in afternoon trade, after advising that “it was made aware that a North American investor relations firm erroneously sent an email communication purportedly on behalf of Lepidico without management review”, which contained several inaccuracies in connection with offtake and project financing initiatives for the company’s lithium hydroxide operations.