On Stockhead today, is Victoria’s 2.75pc gold royalty a ‘job-wrecking tax grab’, should you back a small cap into a JV, and why infrastructure is the new mining.

But first, here’s what you need to know before markets open.

The day ahead in data

It’s a quiet one domestically, with no major markets news on the global front either.

US data later tonight will be led by consumer confidence figures for May and the Dallas Fed’s monthly manufacturing index.

Company news

The following nine companies should come out of a trading halt or voluntary suspension in the next 48 hours:

Tuesday:

Estrella Resources (ASX: ESR) – exploration update
Auroch Minerals (ASX: AOU) – acquisition

Wednesday:

Greenpower Energy (ASX: GPP) – addressing SPP shortfall
CropLogic (ASX: CLI) – capital raising
Cape Lambert Resources (ASX: CFE) – capital raising
AHAlife (ASX: AHL) – capital raising
Pointerra (ASX: 3DP) – licensing agreement
Uniti Wireless (ASX: UWL) – capital raising
Orminex (ASX: ONX) – addressing ASX query

Commodities

Gold: $US1,285.11 ($1,857.49) +0.17%

Silver: $US14.60 +0.16%

Oil (Brent): $US68.68 +1.79%

Oil (WTI): $US59.25 1.25%

Coal: $US82.10

Iron ore 62pc fe: $US108.62 +3.1%

AUD/USD: $US0.6920

What got you talking yesterday

Over on the the Stockhead Facebook chat forum, reader Steve Roswell highlighted dysprosium as another of the rare earth plays that investors should be wary of.

“Interest is growing globally for Rare Earths #rareearth including the #Dysprosium price rise. There are 15 #TSX #TSXV & 12 #ASX projects with Dysprosium. 14 in exploration & 13 in Advanced project stage,” he wrote.

And these were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday:

Yesterday’s winners

Mineral exploration company Rafaella Resources (ASX: RFR) climbed to 14 cents, an intraday gain of 100 per cent.

Markets reacted positively to news that Rafaella had entered into a binding heads of agreement to purchase the Santa Comba tungsten and tin project in northwestern Spain in an all-share deal.

“To support the development of Santa Comba, Rafaella also proposes to conduct a share placement to raise a targeted $2.6m at 20 cents per share,” the company said.

Ticker Name Price % Chg Market cap
RFR Rafaella Resources Ltd 0.14 100% $5.3M
UTR Ultracharge Ltd 0.0035 75% $3.8M
CZN Corazon Mining Ltd 0.003 50% $4.1M
PCK Painchek Ltd 0.13 41% $113.0M
SUD Suda Pharmaceuticals Ltd 0.007 40% $18.1M
LBT LBT Innovations Ltd 0.19 39% $39.2M
ONX Orminex Ltd 0.15 36% $80.9M
DRE Dreadnought Resources Ltd 0.004 33% $4.4M
MLS Metals Australia Ltd 0.002 33% $5.4M
RMG RMG Ltd 0.01 27% $8.6M
WEL Winchester Energy Ltd 0.03 27% $11.6M
AIR Astivita Ltd 0.43 26% $23.1M
KGM KalNorth Gold Mines Ltd 0.005 25% $4.5M
LNY Laneway Resources Ltd 0.01 25% $36.8M
B2Y Bounty Mining Ltd 0.09 24% $33.5M
IS3 I Synergy Group Ltd 0.16 23% $29.3M
WHK WhiteHawk Ltd 0.14 22% $21.9M
NXS Next Science Ltd 3.38 22% $603.4M
DTR Dateline Resources Ltd 0.003 20% $23.9M
ELT Elementos Ltd 0.006 20% $9.3M
FTT Factor Therapeutics Ltd 0.006 20% $6.3M
SPQ Superior Resources Ltd 0.006 20% $4.1M
WCN White Cliff Minerals Ltd 0.006 20% $4.1M

 

Yesterday’s losers

Among yesterday’s laggards, two resources minnows led the market lower with Quantum Graphite Ltd (ASX: QGL) and Gladiator Resources Ltd (ASX: GLA) both losing a third of their value on no news.

Ticker Company Price % Chg Market cap
QGL Quantum Graphite Ltd 0.002 -33% $15.1m
GLA Gladiator Resources Ltd 0.001 -33% $1.5m
RD1 Registry Direct Ltd 0.03 -30% $3.6M
MGT Magnetite Mines Ltd 0.005 -29% $4.0M
AKN Auking Mining Ltd 0.0015 -25% $1.4M
RAG Ragnar Metals Ltd 0.007 -22% $2.2M
GTG Genetic Technologies Ltd 0.007 -22% $19.0M
JJF Jiajiafu Modern Agriculture Ltd 0.04 -20% $3.4M
TRL Tanga Resources Ltd 0.002 -20% $2.5M
MHC Manhattan Corp Ltd 0.004 -20% $3.0M
MBK Metal Bank Ltd 0.01 -20% $7.1M
CIO Connected IO Ltd 0.002 -20% $3.6M
AUT Auteco Minerals Ltd 0.004 -20% $4.0M
IMC Immuron Ltd 0.16 -18% $22.2M
HHM Hampton Hill Mining NL 0.01 -18% $4.1M
GTE Great Western Exploration Ltd 0.004 -17% $3.9M
TMX Terrain Minerals Ltd 0.0025 -17% $1.6M
NAE New Age Exploration Ltd 0.005 -17% $4.4M
HIP Hipo Resources Ltd 0.01 -17% $3.9M
ANL Amani Gold Ltd 0.0025 -17% $9.2M
ADX ADX Energy Ltd 0.005 -17% $6.1M
AAU Adcorp Australia Ltd 0.01 -17% $4.6M