On Stockhead today, Paul Hopper on his new biotech listing this week, 10 tiny but very busy battery metals explorers and Simon Catt’s top sector picks for 2022.
But first … the day ahead.
WHO’S LISTING?
RAS Technology Holdings (ASX:RTH) is scheduled to list at 11am AEDT.
RTH, “a provider of premium data, enhanced content and SaaS solutions to the global racing and wagering industries”, raised $29m in an IPO at $1.50 per share.
TRADING HALTS
The following companies are in trading halts and are expected out in the next two trading days:
Tuesday
Nova Minerals (ASX:NVA) – Snow Lake Resources IPO update
Red River Resources (ASX:RVR) – judgement in TCM royalty dispute
Beam Communications (ASX:BCC) – capital raising
Emyria (ASX:EMD) – capital raising
Schrole Group (ASX:SCL) – capital raising
Buru Energy (ASX:BRU) – results of wireline log evaluation
Tamboran Resources (ASX:TBN) – capital raising
Wednesday
MinRex Resources (ASX:MRR) – acquisition
Sovereign Cloud Holdings (ASX:SOV) – capital raising
Jameson Resources (ASX:JAL) – capital raising
Magnetic Resources (ASX:MAU) – capital raising
Delorean (ASX:DEL) – material contract tender
Horizon Minerals (ASX:HRZ) – transaction of Richmond Vanadium stake
MARKETS (updated at 7.30am AEDT)
Gold: $US1,803.71 ($2,497.05) (-2.22%)
Silver: $US24.15 ($33.43) (-1.78%)
Oil (WTI): $US76.56 (+0.82%)
Oil (Brent): $US79.50 (+0.77%)
Coal: $US152.50 (-0.00%)
Iron 62pc Fe: $US93.39 (-0.81%)
AUD/USD: $US0.7222 (-0.11%)
Bitcoin: $US56,271.94 ($77,902.82) (-5.28%)
WHAT GOT YOU TALKING YESTERDAY?
Everyone loves a good expert stock tip (or 10).
And a beautiful shot of what AIC Mines’ (ASX:A1M) are mining at the recently acquired ‘Eloise’ copper mine.
Eloise is a high-grade operating underground mine in North Queensland which has produced 339,000t of copper and 167,000oz of gold since production kicked off in 1996.
Current annual production is ~40,000t of high-quality copper concentrate containing ~11,000t of copper and 6,000oz of gold. The mine made a net profit of $19m from revenues of $133m in FY21.
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 |
|---|---|---|---|---|
| E2M | E2 Metals | 0.355 | 48 | 5390749 |
| BTR | Brightstar Resources | 0.063 | 34 | 12374252 |
| IDZ | Indoor Skydive Aust | 0.06 | 33 | 20638088 |
| WC8 | Wildcat Resources | 0.068 | 31 | 16149234 |
| NTL | New Talisman Gold | 0.0025 | 25 | 42716667 |
| DEV | Devex Resources Ltd | 0.68 | 23 | 4604456 |
| REE | Rarex Limited | 0.115 | 21 | 13948581 |
| BRN | Brainchip Ltd | 0.65 | 20 | 39809144 |
| EMD | Emyria Limited | 0.39 | 20 | 5612745 |
| AFW | Applyflow Limited | 0.006 | 20 | 3848655 |
| GLA | Gladiator Resources | 0.031 | 19 | 3707134 |
| SND | Saunders Intl Ltd | 0.93 | 19 | 1425868 |
| AKG | Academies Aus Grp | 0.3 | 18 | 73714 |
| POS | Poseidon Nick Ltd | 0.11 | 17 | 27310604 |
| CNR | Cannon Resources | 0.655 | 17 | 462218 |
| RDT | Red Dirt Metals Ltd | 0.735 | 17 | 3984208 |
| FFT | Future First Tech | 0.044 | 16 | 322247 |
| PSC | Prospect Res Ltd | 0.675 | 15 | 9124607 |
| MNS | Magnis Energy Tech | 0.505 | 15 | 48157094 |
| AOA | Ausmon Resorces | 0.008 | 14 | 4183767 |
| RNX | Renegade Exploration | 0.008 | 14 | 1019443 |
| PF1 | Pathfinder Resources | 0.325 | 14 | 468656 |
| ASQ | Australian Silica | 0.165 | 14 | 1509144 |
E2 METALS (ASX:E2M) basked in the glow of a monster gold hit in early drilling at the new ‘Andrea Sur’ discovery, part of the Conserrat project in underexplored Argentina. The highlight 16m grading 15g/t gold, 22g/t silver intercept came from just 31m depth.
Latest drilling results from RAREX’s (ASX:REE) flagship Cummins Range rare earths project in WA has pulled up a “world class intercept” of 109m at 1.6% TREO. Other highlights include 3m at 10.6% TREO, including 1.8% high value NdPr.
INDOOR SKYDIVE AUSTRALIA (ASX:IDZ) continued its recent rally after announcing the launch of its fourth ‘FREAK’ gaming entertainment centre in Macquarie shopping centre in Sydney.
A private fund owned by the Forrest family, Tattarang, has invested $5m to take a 7.3% stake in cannabis company, EMYRIA LIMITED (ASX:EMD).
AI chip producer BRAINCHIP (ASX:BRN) announced that MegaChips – a pioneer in the Application Specific Integrated Circuit (ASIC) industry – has entered into a four-year licence agreement for the BrainChip Akida IP.
Drilling by advanced explorer POSEIDON NICKEL (ASX:POS) intersected 13.6m of massive nickel sulphides.
And near term lithium project developer PROSPECT RESOURCES (ASX:PSC) “has received seven non-binding proposals for the advancement of Arcadia from a range of international parties, encompassing structures including development joint venture, offtake prepayment debt funding and outright acquisition of Prospect’s interest in Arcadia [project]”.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ALT | Analytica Limited | 0.001 | -50 | 35517288 |
| NPM | Newpeak Metals | 0.001 | -33 | 7853317 |
| PCL | Pancontinental Energ | 0.001 | -33 | 3103733 |
| MPR | Mpower Group Limited | 0.045 | -27 | 8981986 |
| BAS | Bass Oil Ltd | 0.0015 | -25 | 2000000 |
| CGB | Cann Global Limited | 0.003 | -25 | 19309634 |
| VIC | Victory Mines Ltd | 0.0015 | -25 | 995000 |
| EAX | Energy Action Ltd | 0.22 | -21 | 6740 |
| ICI | Icandy Interactive | 0.145 | -19 | 18132595 |
| SE1 | Sensera Ltd | 0.013 | -19 | 43664488 |
| ICN | Icon Energy Limited | 0.019 | -17 | 953154 |
| OPL | Opyl Limited | 0.12 | -17 | 556611 |
| EN1 | Engage:Bdr Limited | 0.0025 | -17 | 5987141 |
| KEY | KEY Petroleum | 0.0025 | -17 | 75774 |
| MLS | Metals Australia | 0.0025 | -17 | 22420422 |
| BCK | Brockman Mining Ltd | 0.04 | -15 | 272604 |
| AVW | Avira Resources Ltd | 0.006 | -14 | 2235714 |
| GGX | Gas2Grid Limited | 0.003 | -14 | 3533000 |
| DOR | Doriemus PLC | 0.125 | -14 | 158885 |
| LMG | Latrobe Magnesium | 0.095 | -14 | 39231224 |
| FFG | Fatfish Group | 0.065 | -13 | 13033326 |
| IPT | Impact Minerals | 0.013 | -13 | 14260959 |
| PLY | Playside Studios | 0.895 | -13 | 1554615 |
MPOWER (ASX:MPR) dropped off the back of a capital raising.
Tech stock SENSERA (ASX:SE1) fell after unveiling a plan to sell its sole operating business, a move which the company admitted would likely lead to its ASX suspension for some months with entry only possible if and when it found a new business.