On Stockhead today, all you need to know about diminishing cobalt, how the green transition has supercharged silver and surprise! Oil development costs fall.

 

But first … the day ahead.

 

WHO’S LISTING?

Copper-gold explorer Cooper Metals (ASX:CPM) is scheduled to debut at 12pm AEDT after raising $4.8m at 20c per share in an IPO.

CPM’s flagship ‘Mt Isa East’ project in Queensland includes numerous historical copper-gold workings “and prospects already identified for immediate follow up exploration”. It is complemented by a couple of early-stage gold projects in WA.

The company is led by experienced geo and 2006 ‘Explorer of the Year’ Ian Warland.

 

TRADING HALTS

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

Friday

eMetals (ASX:EMT) – acquisition and capital raising
Ultima United (ASX:UUL) – new project
Magnis Energy Technologies (ASX:MNS) – response to Australian article

Monday

Element 25 (ASX:E25) – operational update
Advanced Human Imaging (ASX:AHI) – NASDAQ listing update
Consolidated Zinc (ASX:CZL) – capital raising
Tietto Minerals (ASX:TIE) – capital raising
Poseidon Nickel (ASX:POS) – drilling results
RareX (ASX:REE) – exploration results
Arizona Lithium (ASX:AZL) – metallurgical test work
iCandy (ASX:ICI) – capital raising
ECS Botanics (ASX:ECS) – supply and tolling agreement

 

MARKETS (updated at 7.30am AEDT)

Gold: $US1,857.90 ($2,553.50) (-0.49%)

Silver: $US24.83 ($34.13) (-0.88%)

Oil (WTI): $US78.93 (+0.73%)

Oil (Brent): $US81.19 (+1.13%)

Coal: $US150.15 (-0.17%)

Iron 62pc Fe: $US92.01 (-0.81%)

AUD/USD: $US0.7276 (+0.15%)

Bitcoin: $US57,724.50 ($79,335.97) (-3.97%)

 

WHAT GOT YOU TALKING YESTERDAY?

COP26 targets require 7Mt of lithium, 5Mt nickel sulphate each year by 2040. That’s 17 times and 19 times current production levels, respectively.

Rare earths prices are flying.

“With current high prices and continued price growth, the prospect of good projects getting up into production via funding and offtake is becoming much more real,” Arafura general manager sales & marketing Lloyd Kaiser says.

 

 

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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

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A maiden drill hole has pulled up an incredible 111m long intersection grading 2.3g/t – including 7.2m at 26.9g/t – at the brand new ‘Alba’ target, part of Sunstone Metals’ (ASX:STM) ‘Bramaderos’ project in southern Ecuador.

It could be STM’s second major discovery in as many months, after it hit a monster 480m-long copper-gold intersection from 11m depth at the ‘El Palmar’ project, also in Ecuador.

This sparked a re-rate, which has been compounded by yesterday’s announcement. The $246m market cap stock is now up 400% since early October.

Tech venture firm Fatfish Group (ASX:FFG) made gains on no news.

In response to an ASX query it noted that investee company, iCandy Interactive (ASX:ICI) — in which FFG holds an indirect holding of 31.9% — “entered into a trading halt this morning pending a release of an announcement regarding a material acquisition and a capital raise”.

Product tracing and anti-counterfeit tech company YPB Group (ASX:YPB)  signed a three-year deal to supply its CONNECT platform and serialised QR codes to Australian Dairy Nutritionals Group (ASX:AHF). Projected revenues from the arrangement were not disclosed.

BNPL player PayRight (ASX:PYR) posted strong gains after an October trading update. It flagged record monthly Gross Merchandise Value (GMV) processed through its platform of $11.3 million, up 21% from September.

 

YESTERDAY’S LOSERS

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There’s been plenty of hot IPOs for junior explorers lately, including another one which surged Wednesday.

But biopharmaceutical company Tissue Repair Ltd (ASX:TRP) didn’t find the same demand, falling by around 40% on debut.

The company, which specialises in advanced healing products for chronic wounds, listed after raising $22m from investors at $1.15 per share. The stock closed at 69.5c for an initial fall of 39.57%.