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.



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%)



This post about orebodies so big they get measured in Eiffel Towers:

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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.



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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.