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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, five ways to invest like Rick Rule, why Apple shares are ready to let rip, and the bauxite players set to pounce on alumina highs.
But first … the day ahead.
TRADING HALTS
The following companies are in trading halts and are expected out in the next two trading days:
Friday
AVZ Minerals (ASX:AVZ) – capital raising
Middle Island Resources (ASX:MDI) – asset sale
Revolver Resources (ASX:RRR) – exploration results
Vulcan (ASX:VUL) – off take agreement
Aurumin (ASX:AUN) – capital raising and acquisition
Venture Minerals (ASX:VMS) – capital raising
Traffic Technologies (ASX:TTI) – capital raising update
Monday
John Lyng Group (ASX:JLG) – capital raising
Ebos (ASX:EBO) – capital raising
Tennant Minerals (ASX:TMS) – capital raising
South Harz Potash (ASX:SHP) – capital raising
Great Southern Mining (ASX:GSN) – capital raising
Firefinch (ASX:FFX) – capital raising
Irongate (ASX:IAP) – capital raising
Roots (ASX:ROO) – capital raising
Vintage Energy (ASX:VEN) – capital raising
MARKETS (updated at 7.30am AEDT)
Gold: $US1,776.29 ($2,485.26) (-0.32%)
Silver: $US21.98 ($30.75) (-1.84%)
Oil (WTI): $US70.51 (-2.57%)
Oil (Brent): $US74.01 (-2.39%)
Coal: $US162.00 (+1.89%)
Iron 62pc Fe: $US106.49 (-0.26%)
AUD/USD: $US0.7146 (-0.30%)
Bitcoin: $US47,612.21 ($66,615.67) (-5.87%)
WHAT GOT YOU TALKING YESTERDAY?
Chinese property behemoth Evergrande has officially defaulted. While that will not surprise too many market watchers, what’s unknown is what happens now.
Evergrande and Chinese Property – A thread
– Unlike a Western company the biggest issues with a company like Evergrande or Kaisa isn’t the debt we can see on the balance sheet, its what we can’t see.
– The stuff is known can be restructured and investors will take losses.
1/
— Avid Commentator 🇦🇺 (@AvidCommentator) December 9, 2021
Strap in, folks.
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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
(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 |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0015 | 50.0% | 4,596,686 |
| T3D | 333D Limited | 0.0025 | 25.0% | 9,795,538 |
| YPB | YPB Group Ltd | 0.0025 | 25.0% | 1,768,309 |
| NEU | Neuren Pharmaceuticals | 3.85 | 20.3% | 3,484,057 |
| CCE | Carnegie Cln Energy | 0.003 | 20.0% | 7,453,331 |
| TYM | Tymlez Group | 0.039 | 18.2% | 9,473,617 |
| AOA | Ausmon Resorces | 0.007 | 16.7% | 1,125,000 |
| XAM | Xanadu Mines Ltd | 0.029 | 16.0% | 13,867,166 |
| ALV | Alvomin | 0.3 | 15.4% | 89,561 |
| VUL | Vulcan Energy | 11.11 | 14.3% | 3,854,513 |
| AUH | Austchina Holdings | 0.008 | 14.3% | 31,950,740 |
| EFE | Eastern Iron | 0.064 | 14.3% | 42,513,906 |
| SCT | Scout Security Ltd | 0.04 | 14.3% | 269,404 |
| TRN | Torrens Mining | 0.16 | 14.3% | 1,144,861 |
| RDN | Raiden Resources Ltd | 0.024 | 14.3% | 409,595 |
| HHI | Health House Int Ltd | 0.085 | 13.3% | 148,731 |
| ORR | Orecorp Ltd | 0.77 | 13.2% | 1,879,222 |
| NCL | Netccentric Ltd | 0.135 | 12.5% | 72,654 |
| RCL | Readcloud | 0.27 | 12.5% | 42,770 |
| LSR | Lodestar Minerals | 0.009 | 12.5% | 312,815 |
| NZS | New Zealand Coastal | 0.009 | 12.5% | 54,048 |
| OAR | OAR Resources Ltd | 0.009 | 12.5% | 2,571,777 |
| TSC | Twenty Seven Co. Ltd | 0.0045 | 12.5% | 600,000 |
| XST | Xstate Resources | 0.0045 | 12.5% | 2,505,000 |
| AGN | Argenica | 0.75 | 12.4% | 561,816 |
3D printing technology nanocap 333D Limited (ASX:T3D) won a 12-month 3D printing service agreement with Travis Van Zanen, aka ‘Giant Swan’ — a “world recognised Australian virtual reality artist, sculptor and NFT creator”.
“Pursuant to the agreement, the company will convert, render, and remediate Giant Swan’s digital assets into 3D print-ready file formats, provide 3D printing prototype services, final product 3D printing services and technical advice relating to 3D printing”, the company said.
Last month, T3D issued shares to van Zanen for his services in connection with the curation of T3D digital library, the company says.
Neuren Pharmaceuticals (ASX:NEU) continues to be the hottest stock on the ASX this week after announcing positive Phase 3 trials results on Tuesday for trofinetide — its lead drug candidate used in the treatment of Rett Syndrome, a rare neurological disorder.
Enigmatic retail investor Peter Proksa – who has/had big holdings in a bunch of explorers like PepinNini Minerals (ASX:PNN), Nova Minerals (ASX:NVA), Aura Energy (ASX:AEE), and 3D Resources (ASX:DDD) — has picked up a fresh 5.51% stake in AusChina Holdings (ASX:AUH).
$9m market cap AUH says it is building a multi-faceted energy business “through ongoing direct and indirect investment in clean energy minerals and projects such as copper, biogas, and development of its coal assets using clean energy technology where possible”.
Coda Minerals (ASX:COD) announced the “thickest yet copper drill intercept” at the Emmie Deeps IOCG discovery, sending minority JV partner Torrens Mining (ASX:TRN) (30% interest) up 14% for the day.
And OreCorp (ASX:ORR) has scored an all-important mining licence, paving the way for development of “the first new large scale gold mine in Tanzania in over a decade” – the +3Moz ‘Nyanzaga’ project.
YESTERDAY’S 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 |
|---|---|---|---|---|
| NPM | Newpeak Metals | 0.001 | -33.3% | 1,000,000 |
| ALT | Analytica Limited | 0.0015 | -25.0% | 1,229,955 |
| BAS | Bass Oil Ltd | 0.0015 | -25.0% | 3,806,634 |
| NTL | New Talisman Gold | 0.0015 | -25.0% | 1,511,610 |
| AXI | Axiom Properties | 0.05 | -23.1% | 5 |
| SRI | Sipa Resources Ltd | 0.04 | -18.4% | 2,991,024 |
| CGB | Cann Global Limited | 0.0025 | -16.7% | 1,567,099 |
| EN1 | Engage:Bdr Limited | 0.0025 | -16.7% | 93,651 |
| RIE | Riedel Resources Ltd | 0.0135 | -15.6% | 14,412,804 |
| DTI | DTI Group Ltd | 0.028 | -15.2% | 5,000 |
| NRX | Noronex Limited | 0.084 | -15.2% | 400,186 |
| NMR | Native Mineral Res | 0.23 | -14.8% | 989,339 |
| PAL | Palla Pharma Ltd | 0.295 | -14.5% | 1,745,278 |
| EPN | Epsilon Healthcare | 0.091 | -13.3% | 3,348,713 |
| SGI | Stealth Global | 0.13 | -13.3% | 64,500 |
| CMD | Cassius Mining Ltd | 0.013 | -13.3% | 1,047,667 |
| HPP | Health Plant Protein | 0.17 | -12.8% | 50,000 |
| DDD | 3D Resources Limited | 0.0035 | -12.5% | 296,030 |
| RIM | Rimfire Pacific | 0.007 | -12.5% | 2,958,061 |
| W2V | Way2Vatltd | 0.14 | -12.5% | 38,733 |
| ALC | Alcidion Group Ltd | 0.275 | -12.4% | 5,498,025 |
| ROC | Rocketboots | 0.18 | -12.2% | 1,261,623 |
| NUC | Nuchev Limited | 0.6 | -11.8% | 48,821 |
| KMT | Kopore Metals Ltd | 0.03 | -11.8% | 6,239,173 |
| RMI | Resource Mining Corp | 0.03 | -11.8% | 544,817 |
WA-based explorer Sipa Resources Limited (ASX:SRI) drilled a duster (no mineralisation) at its ‘Warralong’ gold project in the northern Pilbara region, a common result for any explorer who has ever explored.
Riedel Resources (ASX:RIE) got punished for some admittedly thin, but shallow and very high grade gold and silver intercepts — like 1.5m at 42.3 g/t gold & 27 g/t silver from 24m) — from the ‘Kingman’ project in Arizona. Go figure.
