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).
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 |