On Stockhead today, Guy le Page is back for 2022, carbon offset prices could increase 50-fold and SpaceX engineers reinvent cargo rail.

But first, the day ahead.

BHP’s unification moved a step closer yesterday afternoon after Australian proxies overwhelming voted in favour of the move to combine its British and Australian entities, with around 96% supporting the resolutions posed at a general meeting.

The 1-for-1 share issue would see BHP Group become a $220 billion company, making up around 10% of the value of the ASX 200.

Listing on the ASX today is Orexplore Technologies (ASX:OXT), spun out onto the ASX as part of its owner Swick’s (ASX:SWK) merger with DDH1 Drilling (ASX:DDH). The company’s key business is a mobile x-ray machine which can scan a metre of drill core in 15 minutes.

Orexplore will begin trading at noon AEDT.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the next few trading days:

Triangle Energy (ASX:TEG) — ASX price query
DXN Ltd (ASX:DXN) – ASX price query
Alice Queen (ASX: AQX) – cap raise
BlackEarth Minerals (ASX:BEM) – cap raise
Arovella Therapeutics (ASX: ALA) – cap raise
Askari Metals Limited (ASX: AS2) – acquisition and cap raise
Argonaut Resources (ASX: ARE) – announcement on Zambian assets
Telix Pharmaceuticals (ASX: TLX) – cap raise

 

MARKETS (prices updated at 7.30am AEDT)

Gold: $US1836.94 ($2,537.93 (-0.16%)

Silver: $US24.19 (+0.30%)

Oil (WTI): $US86.79 (-0.20%)

Oil (Brent): $US88.20 (-0.27%)

Coal: $US223.10 (+0.95%)

Iron 62pc Fe: $US127.41 (-0.05%)

AUD/USD: $US0.7235 (+0.33%)

Bitcoin: $US42,190 ($58,315) (+0.37%)

 

WHAT GOT YOU TALKING YESTERDAY?

Because we never got to enjoy Victorian-era England, Scott Morrison suggested children could drive forklifts to ease the labour shortage.

It took less than a day for the State Premiers who actually run the country to knock that idea back. Morrison said it “came from industry” and will go no further.

In small cap world Arizona Lithium’s (ASX:AZL) Big Sandy project was on your mind.

 

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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.

Rox Resources (ASX:RXL) and its junior JV partner Venus Metals Corporation (ASX:VMC) were up big after increasing the resource at their Youanmi project in WA by 1.34Moz to 3Moz.

New battery metals play NiCo Resources (ASX:NC1) continued its red-hot start to listed life, surging higher again following a successful IPO on Wednesday where the stock almost doubled on debut.

At just under 60c NC1 is now up almost 200% from its IPO price inside 48, as excited investors back the company to develop its Wingellina nickel/cobalt project.

It was spun out of Metals X (ASX:MLX) which has shifted its sole focus to the Renison tin mine in Tasmania.

Verification sampling carried out by Critical Resources (ASX:CRR) has confirmed the high-grade nature of its Mavis Lake lithium project, returning assays of up to 3.06% lithium oxide.

 

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.

Lithium Power International’s (ASX:LPI) advanced definitive feasibility study (DFS) into the ‘Maricunga’ lithium brine project was punished by investors.