On Stockhead today, the ASX microcaps that won January, the cryptos that lost January, and James Whelan’s Thing Theory.

But first … the day ahead.

Key events on markets will be highlighted by the RBA’s monetary policy decision at 2:30pm EST.

Some important changes may be made to the central bank’s outlook, with rates now expected to rise this year — well ahead of the RBA’s previous forecast of late 2023 / early 2024.


The following companies went into halts on Monday and are due out in the coming days.

1ST Group (ASX:1ST) — Rights issue announcement
Melbana Energy (ASX:MAY) — drilling results
360 Capital (ASX:TGP) — two major transactions / earnings upgrade
Energy Resources of Australia (ASX:ERA) — Ranger rehabilitation costs / schedule overruns 


MARKETS (updated at 8am AEDT)

Gold: $US1,797.57 ($2,542.53) (+0.41%)

Silver: $US22.49 (+0.31%)

Oil (WTI): $US88.32 (+1.75%)

Oil (Brent): $US91.25 (+1.34%)

Coal: $US227.65 (+0.02%)

Iron 62pc Fe: $US130.81 (+0.65%)

AUD/USD: $US0.7070 (+1.17%)

Bitcoin: $US38,515.73 (+2.13%)




Could CSS be part of the clean energy transition?


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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.



(Stocks highlighted in yellow rose after making announcements during the trading day).

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Sub-$5m penny stock Sagalio Energy (ASX:SAN) led the small cap pack, after flagging ongoing oil production which it had converted to sales revenue of $US104,125 for the December quarter.

Being a sub-$5m penny stock, that was enough for SAN to more that double with a surge of +120% to 2.9c.

Another energy player — oil & gas stock FAR Ltd (ASX:FAR) — also rose strongly on takeover news, after flagging a bid from Samuel Terry Asset Management to acquire the company at 45c per share.

“The offer is conditional, including on obtaining a minimum of 50.1% acceptance level. Accordingly, there is no certainty that the intended takeover bid will complete,” FAR said.

Shares in the company closed higher than the 45c bid price, indicating investors reckon there might be some more activity to come.

In other notable deal news, spacial data analytics platform Veris (ASX:VRS) jumped by almost 30%, after announcing a deal to sell its fully-owned subsidiary, Aqura Technologies, to a subsidiary of Telstra.

There were no bells and whistles from the telco giant, which snapped up Aqura for $30m — straight cash.



(Stocks highlighted in yellow fell after making announcements during the trading day).

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