On Stockhead today, the best and upcoming best ASX copper players right now, 3 lithium stocks to stare down the price crunch, and how to invest through a conflict.

 

But first … the day ahead.

 

TRADING HALTS

The following companies went into a halt on Monday and are expected out in the coming days.

Halo Food (ASX:HLF) – material acquisition
Aruma Resources (ASX:AAJ) – capital raising
Greenstone Resources (ASX:GSR) – capital raising
Avira Resources (ASX:AVW) – capital raising in relation to project acquisition

 

MARKETS (update at 8am AEDT)

Gold: US$1871.90 ($2,628.33) (+0.61%)

Silver: US$23.85 (+1.20%)

Oil (WTI): $US94.99 (+2.03%)

Oil (Brent): US$95.98 (+1.63%)

Coal: US$240.00 (-2.04%)

Iron 62pc Fe: $US150.87 (+0.00%)

AUD/USD: 0.7122 (-0.21%)

Bitcoin: US$42,241 ($59,310) (-0.46%)

ASX 200 Mar Futures: 7,081 (-0.92%)

 

WHAT GOT YOU TALKING YESTERDAY?

The lithium party might just be getting started.


And Thomson Resources (ASX:TMZ) catches Barry FitzGerald’s eye.


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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 BIGGEST WINNERS

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

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

Triangle Energy (ASX:TEG) has pleased investors with some fresh blood on its board of directors.

“With effect from 5pm (Perth time) on 14 February 2022, each of Mr Greg Hancock, Mr Conrad Todd and Mr Mike Collins have been appointed as Directors of the Company, and Mr Henko Vos has been appointed as Company Secretary,” TEG said.

The steal here is arguably Greg Hancock, who boasts some 25 years’ experience in capital markets bringing expertise in mining and natural resources. Hancock has a storied background in the finance and management of small listed companies, and was the founding shareholder and first chairman of Cooper Energy (ASX: COE).

TEG is up 30%.

Enterprise Metals (ASX:ENT). The junior explorer is up about 20% after it reported “elevated lithium results” in soil sampling at the Matheson pegmatite, part of the ‘Bullfinch North’ project in WA.

This peggie (lithium host rock) was first mapped in 1939 but gold has always been the focus of exploration in the area, ENT says.

Canyon Resources (ASX:CAY) also jumped on no news.

That’s fine too – CAY’s focus is the ‘Minim Martap’ bauxite project in Cameroon – which is at the pointy end of the development cycle.

Bauxite is the only raw material used in the commercial production of alumina, which can then be turned into aluminium metal.

Last year prices spiked when Guinea – a leading supplier of bauxite – experienced its third coup d’etat in under 40 years. Indonesia is also mulling a bauxite export ban in 2022.

Felix Gold (ASX:FXG) is up around 25% on Monday. The TSX listed project generator Millrock Resources has snapped up a 5.8% stake in FXG, which listed on the ASX at the end of January.

Millrock currently has six active projects, including four in Alaska.

FXG is hunting gold deposits right next door in the Fairbanks District of Alaska, home to multimillion ounce monsters like Kinross’s ‘Fort Knox’ and Freegold’s ‘Golden Summit’.

Codrus Metals’ (ASX:CDR) maiden drilling has pulled up “excellent” results like 23m at 3.82g/t gold from 14m – including 5m at 14.29g/t – at the ‘Red Gate’ project in WA’s Edjudina mining district.

Edjudina hosts numerous operating mines, including Northern Star Resources’ (ASX:NST) Porphyry Mining Centre which is right next door to CDR.

CDR says 40% of the assays are still outstanding and should be received the coming weeks.

YESTERDAY’S BIGGEST LOSERS

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

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With the sale of its international platform business dragging on out, Aussie trading platform Praemium (ASX:PPS) has shed about 11% following the release of underwhelming half-year results, the first in the wake of former CEO Michael Ohanessian’s departure.

FUM (funds under administration) are up at record highs, near $50bn, but creeping costs and a bunch of expenses have trimmed profits significantly.