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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, every lithium stock with a market cap ~$15m and under, Finola Burke’s top defence stocks, and is the low grade iron ore discount baked in?
But first … the week ahead.
TRADING HALTS
The following companies went into trading halts today and are expected out in the next few days:
OZZ Resources (ASX:OZZ) — tenement acquisition
Liontown Resources (ASX:LTR) — offtake agreement
Elsight (ASX:ELS) — commercial purchase order
Zenith Minerals (ASX:ZNC) – Alliance and JV over ZNC’s lithium projects
Iris Metals (ASX:IR1) – material acquisition
Xantippe Resources (ASX:XTC) – material acquisition
Compumedics (ASX:CMP) – material contract announcement
Emerald Resources (ASX:EMR) – takeover
PVW Resources (ASX:PVW) – rare earths exploration results
Castle Minerals (ASX:CDT) – capital raising
Pacgold (ASX:PGO) – drilling results
MARKETS (prices updated at 8.30am AEDT)
Gold: US$1,807.02 ($2,519.20) (+0.30%)
Silver: US$22.59 (+0.65%)
Oil (WTI): US$79.51 (+1.64%)
Oil (Brent): US$82.05 (+1.47%)
Coal: US$203 (+4.1%)
Iron 62pc Fe: US$124.48 (-1.37%)
AUD/USD: US$0.7174 (+0.06%)
Bitcoin: US$41,902.60 ($58,417.13) (+0.96%)
WHAT GOT YOU TALKING YESTERDAY?
This post about orebodies so big they get measured in Eiffel Towers:
BHP is investing up to US$100 million in an African nickel project so big its owners measure it in Eiffel Towers: https://t.co/HnMzDfxnCC pic.twitter.com/cOMXqqjo04
— Stockhead (@StockheadAU) January 11, 2022
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.
You’ll also get all the big updates, like this one on the US TikTok star selling her farts in jars.
'Imagine the smell': Reality star who made $200k selling farts in jars pivots to NFTs. #crypto #NFTs Stockhead > https://t.co/VbHAZ7suA0 pic.twitter.com/lkW3hx378a
— Stockhead (@StockheadAU) January 11, 2022
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 |
|---|---|---|---|---|
| NPM | Newpeak Metals | 0.002 | 100.0% | 643,770 |
| VMG | VDM Group Limited | 0.002 | 100.0% | 1,302,779 |
| WOO | Wooboard Tech Ltd | 0.002 | 33.3% | 1,604,512 |
| MDI | Middle Island Res | 0.16 | 28.0% | 2,295,971 |
| CCE | Carnegie Cln Energy | 0.0025 | 25.0% | 7,803,952 |
| CGB | Cann Global Limited | 0.0025 | 25.0% | 6,074,396 |
| EN1 | Engage:Bdr Limited | 0.0025 | 25.0% | 1,000,000 |
| PCL | Pancontinental Energ | 0.0025 | 25.0% | 56,186,070 |
| PNV | Polynovo Limited | 1.785 | 24.8% | 8,932,292 |
| ROO | Roots Sustainable | 0.006 | 20.0% | 796,648 |
| QXR | Qx Resources Limited | 0.045 | 18.4% | 30,394,808 |
| PRM | Prominence Energy | 0.0105 | 16.7% | 13,641,593 |
| DDD | 3D Resources Limited | 0.0035 | 16.7% | 2,175,000 |
| GNM | Great Northern | 0.007 | 16.7% | 308,494 |
| MBK | Metal Bank Ltd | 0.007 | 16.7% | 2,104,707 |
| ZNO | Zoono Group Ltd | 0.46 | 16.5% | 738,886 |
| FRS | Forrestaniaresources | 0.4 | 15.9% | 650,112 |
| ESS | Essential Metals Ltd | 0.295 | 15.7% | 16,703,880 |
| PF1 | Pathfinder Resources | 0.335 | 15.5% | 186,056 |
| HCD | Hydrocarbon Dynamic | 0.015 | 15.4% | 200,285 |
| NAE | New Age Exploration | 0.015 | 15.4% | 80,761,743 |
| VOR | Vortiv Ltd | 0.03 | 15.4% | 231,122 |
| AR1 | Australresources | 0.19 | 15.2% | 266,646 |
| MGT | Magnetite Mines | 0.038 | 15.2% | 40,005,286 |
| QGL | Quantum Graphite | 0.19 | 15.2% | 493,003 |
A trading update from ~$1bn biotech Polynovo (ASX:PNV) got the crowd excited, after the medical devices company reported strong conditions at its US operations. The company increased its quantum of sales accounts in the US to 154, and monthly sales for Novosorb — its patented bioabsorbable polymer technology — rose above US$2m for the first time in December.
Cybersecurity firm Vortiv (ASX:VOR) also gained ground. Its India-based subsidiary Transaction Solutions International is on track to book EBITDA of $9.5m – $10.5m in FY22. Spicy.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| WCN | White Cliff Min Ltd | 0.0185 | -26.0% | 27,347,000 |
| ALT | Analytica Limited | 0.0015 | -25.0% | 250,000 |
| ANL | Amani Gold Ltd | 0.0015 | -25.0% | 15,581,258 |
| NTL | New Talisman Gold | 0.0015 | -25.0% | 1,253,900 |
| RCR | Rincon | 0.14 | -20.0% | 189,550 |
| MSI | Multistack Internat. | 0.04 | -18.4% | 160,128 |
| IRX | Inhalerx Limited | 0.083 | -17.0% | 16,524 |
| YPB | YPB Group Ltd | 0.0025 | -16.7% | 521,557 |
| BMO | Bastion Minerals | 0.205 | -16.3% | 163,861 |
| MAD | Mader Group Limited | 1.98 | -14.7% | 101,877 |
| PNX | PNX Metals Limited | 0.006 | -14.3% | 13,636,000 |
| M2M | Mt Malcolm Mines | 0.125 | -13.8% | 296,781 |
| GWR | GWR Group Ltd | 0.19 | -13.6% | 811,679 |
| ARB | ARB Corporation. | 46.15 | -12.6% | 732,503 |
| T3D | 333D Limited | 0.0035 | -12.5% | 4,978,483 |
| TMX | Terrain Minerals | 0.007 | -12.5% | 335,086 |
| TPD | Talon Energy Ltd | 0.007 | -12.5% | 2,224,295 |
| KFM | Kingfisher Mining | 0.21 | -12.5% | 2,542,006 |
| FAU | First Au Ltd | 0.0105 | -12.5% | 4,176,954 |
| BXN | Bioxyne Ltd | 0.025 | -12.3% | 111,852 |
| ASP | Aspermont Limited | 0.022 | -12.0% | 151,800 |
The biggest faller on making an announcement was Mt Malcom Mines (ASX:M2M), which underwhelmed with news of “shallow mineralisation” at Golden Crown. The best it could come up with was 1m @ 7.06g/t Au from 34-35m and 4m @ 2.99g/t from 28.32m.
We’ve seen worse, but shares dropped 13.79% to 0.125. You’re a picky lot.
