On Stockhead today, why work? Earn money playing games instead, 5 stocks riding the oil rally, and a chat with Nickel Mines MD Justin Werner.

But first, the day ahead.

Killi Resources (ASX:KLI) will list on the ASX at 12.30pm AEDT today.

It has some familiar names on board, including chairman Richard Bevan and NED Greg Miles alongside CEO Kathryn Cutler.

The former two are ex-Cassini Resources, where they paid peanuts in 2014 for BHP’s (ASX:BHP) stranded Nebo-Babel nickel-copper sulphide deposit, turning that project into a takeover by OZ Minerals (ASX:OZL) while spinning off their ground near Chalice Mining’s (ASX:CHN) Julimar discovery into Caspin Resources (ASX:CPN) in the process.

Killi is hunting for gold and rare earths in the Tanami Desert. Stockhead’s Emma Davies has all the deets here.

TRADING HALTS

The following companies went into halts on Wednesday and are expected out in the coming days.

Eastern Metals (ASX:EMS) — material drilling result
Zebit (ASX:ZBT) — proposed delisting
Nickel Mines (ASX:NIC) — capital raising
Ardiden Ltd (ASX:ADV) — capital raising

MARKETS (updated at 8.15am AEDT)

Gold: $US1,827 ($2,544) (+0.08%)

Silver: $US23.25 (+0.33%)

Oil (WTI): $US88.95 (-0.56%)

Oil (Brent): $US90.34 (-0.48%)

Coal: $US242 (+1.15%)

Iron 62pc Fe: $US148.83 (-1.85%)

AUD/USD: $US0.7178 (+0.45%)

Bitcoin: $US43,758 (-3.34%)

 

WHAT GOT YOU TALKING YESTERDAY?

2021 Australian of the Year Grace Tame unloaded on the Government.

And EV sales have lithium miners feeling like a child on Christmas morning.

YESTERDAY’S BIGGEST SMALL CAP WINNERS

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

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Rectifier Technologies (ASX:RFT) surged by 100% after flagging a US$20m production order in a one-paragraph announcement.

The deal is with electric vehicle charging company Tritium Pty Ltd, and will see RFT supply an order for “35kW high-voltage and high-efficiency modular power supply units” in connection with Tritium’s EV charging operations.

The purchase orders are binding and are expected to be completed before the end of this year, RFT said. Per-unit details of the order weren’t disclosed.

YESTERDAY’S BIGGEST SMALL CAP LOSERS

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

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Coal-processing technology company White Energy (ASX:WEC) suffered a catastrophic intraday fall of 85.6%, after getting some bad legal news out of Singapore.

The Singapore International Commercial Court issued a ruling in connection with a dispute between two WEC subsidiaries and PT Bayan Resources, in connection with a joint venture between the companies.

While ruling in WEC’s favour in some technical aspects of the case concerning Bayan’s conduct in the joint venture, the Court dismissed WEC’s damages claim for wasted expenditure, and also the loss of chance to expand the project.

In an announcement Tuesday night, WEC said it is “extremely surprised and bitterly disappointed with the outcome of the decision in circumstances where the Court has previously concluded that Bayan had clearly breached its obligations under the joint venture”.

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