On stockhead today, Tim Goyder reflects on his transformational week, why lithium supply needs to increase 1700pc, and what’s Mesoblast been up to lately?
But first, the day ahead.
The Reserve Bank is set to release the weekly consumer confidence index and Commonwealth Bank (CBA) Group economists are scheduled to issue weekly credit and debit card spending data.
And the Reserve Bank will be unveiling the minutes of its board meeting held a fortnight earlier. According to Commsec, this is the meeting where board members decided to scrap the three-year bond yield target.
Evolution Energy Minerals (ASX:EV1), Marvel Gold’s graphite spin out will also be listing today at 12:30pm AEDT.
TRADING HALTS
Tuesday
Mont Royal Resources (ASX:MRZ) – capital raising
Murray Cod Australia (ASX:MCA) – capital raising
Dreadnought Resources (ASX:DRE) – exploration results
Invion (ASX:IVX) – capital raising
Wednesday
Pharmaxis (ASX:PXS) – capital raising
PlaySide Studios (ASX:PLY) – capital raising
Aumake (ASX:AUK) – capital raising
Leaf Resources (ASX:LER) – chemical plant incident
Nexion (ASX:NNG) – capital raising
Raiden Resources (ASX:RDN) – re-interpretation modelling results
West Wits Mining (ASX:WWI) – capital raising
Globe Metals and Mining (ASX:GBE) – organisational change
PYC Therapeutics (ASX:PYC) – NHP safety results
Lion Energy (ASX:LIO) – capital raising
Wildcat Resources (ASX:WC8) – capital raising
Noxopharm (ASX:NOX) – government grant
AuKing Mining (ASX:AKN) – capital raising
MinRex Resources (ASX:MRR) – acquisition
MARKETS (updated at 7.30am AEDT)
Gold: US$1,864.79 (A$2,537.51) (+0.05%)
Silver: US$25.11 (A$34.17) (-0.70%)
Oil (WTI): US$80.96 (+0.21%)
Oil (Brent): US$82.11 (-0.07%)
Coal: US$153.00 (+0.99%)
Iron 62pcFE: US$92.36 (-1.11%)
AUD/USD: US$0.7350 (+0.25%)
Bitcoin: US$64,044 (A$87,147.87) (-0.36%)
WHAT GOT YOU TALKIN’ YESTERDAY?
Azure Minerals got you talkin’.
The completion of heritage surveys and subsequent approvals has enabled Azure to move forward with exploration drilling at the Skyline, VC-23, VC-18, and VC-41 nickel-copper prospects, and to enlarge the resource drilling program at VC-07 West and surrounding areas.
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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 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 |
|---|---|---|---|---|
| NPM | Newpeak Metals | 0.002 | 100.0% | 118,344,086 |
| OAK | Oakridge | 0.002 | 100.0% | 3,183,197 |
| KOR | Korab Resources | 0.1 | 75.4% | 46,870,732 |
| EFE | Eastern Iron | 0.089 | 61.8% | 161,928,242 |
| ECT | Env Clean Tech Ltd. | 0.076 | 55.1% | 72,326,194 |
| LCY | Legacy Iron Ore | 0.019 | 35.7% | 38,417,156 |
| OAU | Ora Gold Limited | 0.019 | 35.7% | 5,280,705 |
| PNR | Pantoro Limited | 0.31 | 34.8% | 17,437,664 |
| OEX | Oilex Ltd | 0.004 | 33.3% | 377,486 |
| MI6 | Minerals260Limited | 0.77 | 32.8% | 4,105,520 |
| HAW | Hawthorn Resources | 0.072 | 30.9% | 7,404,161 |
| AUH | Austchina Holdings | 0.009 | 28.6% | 40,340,079 |
| GNM | Great Northern | 0.009 | 28.6% | 4,750,178 |
| REC | Rechargemetals | 0.19 | 26.7% | 8,390,296 |
| CSE | Copper Strike Ltd | 0.1 | 25.0% | 551,682 |
| ANL | Amani Gold Ltd | 0.0025 | 25.0% | 22,065,651 |
| GRV | Greenvale Mining Ltd | 0.39 | 23.8% | 3,153,293 |
| ACB | A-Cap Energy Ltd | 0.185 | 23.3% | 7,718,601 |
| IDZ | Indoor Skydive Aust | 0.032 | 23.1% | 34,959,559 |
| CPN | Caspin Resources | 1.205 | 23.0% | 2,181,106 |
| DEV | Devex Resources Ltd | 0.56 | 21.7% | 7,127,611 |
| OVT | Ovato Limited | 0.003 | 20.0% | 156,726 |
Clean energy company Environmental Clean Technologies (ASX:ECT) is officially mooning, following up four straight days of double-digit percentage gains with another ~50% surge today.
The Monday surge followed an announcement this morning where ECT said it’s advancing the development of a commercial-scale net-zero emission hydrogen refinery in Victoria’s Latrobe Valley.
ECT said its ‘Coldry’ technology — which facilitates low-cost, zero-emission dewatering and drying of incoming lignite and biomass streams – “will form the core of the raw material processing system, acting as the gateway enabler for an integrated operating plant”.
Also rising strongly was Korab Resources (ASX:KOR), which shot higher in afternoon trade following a Heads of Agreement (HoA) announcement just before 2pm EST.
KOR struck a deal with the operator and manager of Darwin Port “for the export of up to 30,000 tonnes per annum of magnesium metal”, from its Winchester magnesium carbonate deposit at Batchelor in the Northern Territory.
Elsewhere, Eastern Iron (ASX:EFE) held its gains from morning trade, after consolidating its pivot to lithium by inking a deal with Yahua — one of China’s largest lithium chemical producers — to find and develop local lithium projects.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(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 |
|---|---|---|---|---|
| LMG | Latrobe Magnesium | 0.115 | -28.1% | 44,022,918 |
| AAP | Australian Agri Ltd | 0.026 | -21.2% | 80,000 |
| AIM | Ai-Media Technologie | 0.775 | -20.5% | 3,034,075 |
| CCE | Carnegie Cln Energy | 0.002 | -20.0% | 4,159,341 |
| YPB | YPB Group Ltd | 0.0025 | -16.7% | 4,648,885 |
| VR1 | Vection Technologies | 0.18 | -16.3% | 26,464,226 |
| FGL | Frugl Group Limited | 0.025 | -13.8% | 813,124 |
| ERG | Eneco Refresh Ltd | 0.032 | -13.5% | 17,281 |
| AOA | Ausmon Resorces | 0.007 | -12.5% | 2,766,879 |
| ICN | Icon Energy Limited | 0.014 | -12.5% | 360,549 |
| EMP | Emperor Energy Ltd | 0.044 | -12.0% | 726,605 |
| 1ST | 1ST Group Ltd | 0.015 | -11.8% | 2,394,378 |
| BD1 | Bard1 Life Sciences | 1.24 | -11.4% | 1,553,460 |
| JNO | Juno | 0.12 | -11.1% | 203,427 |
| AUA | Audeara | 0.13 | -10.3% | 23,637 |
| MLM | Metallica Minerals | 0.026 | -10.3% | 7,069,445 |
| CLE | Cyclone Metals | 0.0045 | -10.0% | 526,000 |
| CT1 | Constellation Tech | 0.009 | -10.0% | 2,314,300 |
| PRM | Prominence Energy | 0.009 | -10.0% | 1,812,689 |