On Stockhead today, Guy Le Page has a red metal bargain, BHP is the ASX’s most shorted, and Spheria’s three ‘undervalued’ resource stock picks.

But first, the week ahead.

 

WHO’S LISTING?

The following companies are scheduled to list over the next week (but this is subject to change).

WA1 Resources (ASX:WA1)

February 8, at 12pm AEDT.

WA1 will list with three WA exploration projects — the flagship ‘West Arunta’ plus ‘Madura’ (iron-oxide-copper-gold) and ‘Hidden Valley’ (nickel, copper, PGEs). The spinout of private project generator Tali Resources is raising between $4.5 and $6m at 20c per share.

Killi Resources (ASX:KLI)

February 10, at 12:30pm AEDT.

A gold and copper explorer with four major exploration projects in Western Australia and Queensland. It raised ~$6m at 20c per share.

My Rewards International (ASX:MRI)

February 11, at 12:30pm AEDT.

The loyalty rewards platform is a mature business that generates almost $30m of annual revenues. MRI has raised $5m from investors at 20c per share.

 

TRADING HALTS

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

Balkan Mining & Minerals (ASX:BMM) — acquisition

Nimy Resources (ASX:NIM) — exploration update (Mons nickel project)

PlaySide Studios (ASX:PLY) — Beans Web 3.0 NFT launch

Javelin Minerals (ASX:JAV) – capital raising

Laneway Resources (ASX:LNY) – proposed acquisition of gold assets

 

MARKETS (prices updated at 8.15am AEDT)

Gold: $US1,807.49 ($2,554.03) (+0.17%)

Silver: $US22.49 (+0.42%)

Oil (WTI): $US92.31 (+2.26%)

Oil (Brent): $US93.27 (+2.37%)

Coal: $US227 (+2.71%)

Iron 62pc Fe: $US145.45 (+11.92% weekly)

AUD/USD: $US0.7077 (+0.07%)

Bitcoin: $US41,605 ($58,789) (+0.03%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

Intern at Bloomie pulled the lever a little early.

 

Copper — an economic bellwether and a key material for the energy transition — hit record prices last year, breaking above US$10,000/t.

The red metal is set to be a top performing commodity once again in 2022, experts say.

 

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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.

 

LAST WEEK’S BIGGEST SMALL CAP WINNERS

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

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Week Market Cap
FRE Firebrick Pharma 0.58 187.5% $63,136,442
VMG VDM Group Limited 0.00 100.0% $10,391,491
FAR FAR Ltd 0.64 76.4% $58,377,438
AUH Austchina Holdings 0.01 75.0% $25,165,341
AUQ Alara Resources Ltd 0.07 72.1% $41,620,325
MAY Melbana Energy Ltd 0.04 71.4% $90,892,525
SHH Shree Minerals Ltd 0.02 68.2% $22,327,975
AKO Akora Resources 0.39 63.8% $19,367,079
CDT Castle Minerals 0.06 61.1% $52,965,267
BLZ Blaze Minerals Ltd 0.04 59.3% $14,300,004
IS3 I Synergy Group Ltd 0.08 56.9% $14,329,036
PHO Phosco Ltd 0.15 53.1% $37,401,149
ANL Amani Gold Ltd 0.00 50.0% $34,400,162
PBXDA Pacific Bauxite Ltd 0.15 50.0% $1,189,842
BRX Belararoxlimited 0.30 47.5% $7,082,505
BPM BPM Minerals 0.28 47.4% $9,940,375
BCK Brockman Mining Ltd 0.06 46.3% $612,429,321
JRL Jindalee Resources 3.29 44.3% $165,558,136
CPM Coopermetalslimited 0.43 44.1% $9,862,300
RNU Renascor Res Ltd 0.29 42.7% $511,345,166
BNR Bulletin Res Ltd 0.13 41.3% $33,306,909
FZR Fitzroy River Corp 0.18 40.0% $15,653,366
LRV Larvottoresources 0.25 40.0% $8,255,550
RTR Rumble Res Limited 0.53 40.0% $297,802,874
MLM Metallica Minerals 0.03 39.1% $16,472,671
CAE Cannindah Resources 0.31 38.6% $146,836,242
SAN Sagalio Energy Ltd 0.02 38.5% $3,683,882
RAP Resapp Health Ltd 0.07 38.5% $63,580,584
HVY Heavymineralslimited 0.22 37.5% $7,883,531
XTC Xantippe Res Ltd 0.01 37.5% $57,785,810
PVW PVW Res Ltd 0.57 37.3% $38,792,250
THR Thor Mining PLC 0.02 36.4% $11,897,043
AMT Allegra Orthopaedics 0.17 36.0% $17,758,065
MAD Mader Group Limited 2.44 34.4% $480,000,000
NTL New Talisman Gold 0.00 33.3% $6,254,451
ATC Altech Chem Ltd 0.12 33.3% $159,912,280
CNB Carnaby Resource Ltd 1.84 32.4% $191,127,944
ARR American Rare Earths 0.37 32.1% $143,472,676
TD1 Tali Digital Limited 0.02 31.3% $17,706,210
SMI Santana Minerals Ltd 0.38 31.0% $49,075,797
ADY Admiralty Resources. 0.02 30.8% $20,857,266
EPX Ept Global Limited 0.13 30.0% $20,510,443
ODM Odin Metals Limited 0.03 30.0% $12,124,953

Explorer  VDM Group (ASX:VMG) which put out its quarterly on Monday and … well, its Phase 3 drilling program at the CdB Copper Project remains on hold due to worsening COVID-19 conditions in Angola. On-the-ground activity has been suspended for the entirety of the quarter, it says.

But weirdly, VMG holds a 100% interest in an apartment located at 20/15 the Palladio, Mandurah. The lease is due to expire this month at which time VMG expects to list the property for sale.

“The local agent reports that the market conditions are currently very strong, with most properties being sold within 14 days of listing. The property was valued back in May 2021 at around $1.1 million.” So, there you go.

Sub-$5m penny stock Sagalio Energy (ASX:SAN) gained 39% after flagging strong December quarter sales revenue.

Another energy player — oil & gas stock FAR Ltd (ASX:FAR) — gained ~75%  following 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.

 

LAST WEEK’S BIGGEST SMALL CAP LOSERS

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

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Week Market Cap
CNJ Conico Ltd 0.02 -51.4% $16,003,438
AHI Adv Human Imag Ltd 0.42 -31.1% $65,808,568
ADO Anteotech Ltd 0.22 -30.2% $414,609,772
HNR Hannans Ltd 0.04 -28.1% $109,463,402
BUD Buddy Tech 0.01 -25.0% $34,677,932
PCH Property Connect 0.00 -25.0% $1,028,795
ABE Ausbondexchange 0.48 -24.6% $16,370,113
VOL Victory Offices Ltd 0.10 -24.0% $15,626,954
AJY Asaplus Resources 0.02 -23.1% $2,992,000
AO1 Assetowl Limited 0.00 -22.2% $3,264,820
CRO Cirralto Ltd 0.04 -22.2% $99,778,177
KLR Kaili Resources Ltd 0.03 -21.9% $4,422,011
BTR Brightstar Resources 0.04 -21.7% $18,046,409
RMI Resource Mining Corp 0.02 -21.7% $6,071,449
SCT Scout Security Ltd 0.04 -21.7% $5,732,459
BID Bill Identity Ltd 0.17 -20.9% $29,703,476
OVT Ovato Limited 0.17 -20.9% $20,674,355
99L 99 Loyalty Ltd. 0.02 -20.0% $27,832,386
PYR Payright Limited 0.18 -20.0% $13,976,177
ZNO Zoono Group Ltd 0.29 -19.4% $46,595,277
ABV Adv Braking Tech Ltd 0.03 -18.9% $11,753,612
BEX Bikeexchange Ltd 0.11 -18.5% $14,800,992
OEC Orbital Corp Limited 0.30 -17.8% $27,753,992
IOU Ioupay Limited 0.19 -17.4% $107,525,353
LPE Locality Planning 0.11 -17.3% $10,217,321
S66 Star Combo 0.27 -17.2% $35,643,290
AHN Athena Resources 0.01 -16.7% $8,129,676
GGX Gas2Grid Limited 0.00 -16.7% $10,145,255
NCL Netccentric Ltd 0.10 -16.7% $33,961,399
R3D R3D Resources Ltd 0.13 -16.7% $9,695,958
SIT Site Group Int Ltd 0.01 -16.7% $4,206,226
ZMM Zimi Ltd 0.01 -16.7% $9,799,194
NZK NZK Salmon Ltd 0.99 -16.5% $139,231,326
BXN Bioxyne Ltd 0.02 -16.0% $12,802,908
JAY Jayride Group 0.16 -15.8% $29,103,403
AMN Agrimin Ltd 0.36 -15.3% $75,992,027
STP Step One Limited 1.32 -15.2% $241,869,080
TGM Theta Gold Mines Ltd 0.14 -15.2% $78,814,850