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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, how to prep for war, rates and recession, why Ian Murray’s confident of chunky Canadian riches, and Peak Asset’s four gold stocks to watch.
But first … the day ahead.
Local shares are set to open lower today. At 8am AEDT, the ASX 200 March futures is pointing down by 1.09%.
TRADING HALTS
The following companies went into trading halts today and are expected out in the next few days:
Genus Plus (ASX:GNP) — capital raise
MARKETS
Gold: $US1,898.50 ($2,640.47) (+1.61%)
Silver: $US23.84 ($33.15) (+1.24%)
Oil (WTI): $US91.57 (-2.25%)
Oil (Brent): $US92.84 (-2.08%)
Aust Coking Coal (steelmaking): $434.00/t (0.5%)
Newcastle Coal (thermal): $197/t (0.00%)
Coal: $US234.50 (-0.64%)
Iron 62pc Fe: $US143.88 (+1.66%)
AUD/USD: $US0.7190 (-0.07%)
Bitcoin: $US40,975.84 (-0.88%)
WHAT GOT YOU TALKING YESTERDAY?
Critical Resources (ASX:CRR) is cashed up and ready to explore its Canadian lithium project.
Critical Resources is now well funded to accelerate exploration at its lithium and base metals projects after raising $12.5m through a well-supported placement.https://t.co/PQHoQw7g2J #ad #ASX $CRR
— Stockhead (@StockheadAU) February 17, 2022
And hear all about Azure Minerals’ (ASX:AZS) MD Peter Strachan’s thoughts on the nickel market.
📺 Watch now: $AZS MD Tony Rovira spoke with @Peter_Strachan on the #nickel market and the big potential of the #Andover nickel #copper #sulphide project in @StockheadAU‘s latest Rocktalk video.
Check it out below ⬇️$AZS.ax #ASXnews #ASX #exploration
https://t.co/NlS3GZiZKY— Azure Minerals (@AzureMinerals) February 17, 2022
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
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.
Code Company Price % Volume BNR Bulletin Res Ltd 0.185 61% 65,512,131 ANW Aus Tin Mining 0.0015 50% 8,890,000 LKO Lakes Blue Energy 0.0015 50% 51,905,050 WOO Wooboard Tech Ltd 0.0015 50% 656,050 BBL Brisbane Broncos 0.805 28% 1,171 PG1 Pearl Global Ltd 0.028 27% 2,252,561 X2M X2M Connect Limited 0.165 27% 288,288 CCE Carnegie Cln Energy 0.0025 25% 21,671,504 RAG Ragnar Metals Ltd 0.04 21% 95,058,541 AD1 AD1 Holdings Limited 0.023 21% 4,607,590 OAR OAR Resources Ltd 0.006 20% 5,519,220 VPR Volt Power Group 0.003 20% 64,312 M2M Mtmalcolmminesnl 0.13 18% 32,288 RML Resolution Minerals 0.02 18% 1,629,380 ARE Argonaut Resources 0.0035 17% 955,833 RIM Rimfire Pacific 0.007 17% 1,526,435 IBG Ironbark Zinc Ltd 0.045 15% 4,529,080 NWH NRW Holdings Limited 1.975 14% 7,767,174 AFW Applyflow Limited 0.004 14% 220,015 CAD Caeneus Minerals 0.008 14% 23,064,580 TMX Terrain Minerals 0.008 14% 1,210,510 ALY Alchemy Resource Ltd 0.0125 14% 283,765 ABE Ausbondexchange 0.465 13% 19,200 GIB Gibb River Diamonds 0.068 13% 93,500 BNL Blue Star Helium Ltd 0.06 13% 27,585,111
Carnaby Resources (ASX: CNB) announced the results of its Induced Polarisation survey, identifying “anomalies of exceptional potential” which it has already started drilling for at its Lady Fanny copper gold discovery within the Greater Duchess Copper Gold Project in Mt Isa.
Australia’s only listed sporting team took centre stage this morning, as shares in the Brisbane Broncos (ASX:BBL) ripped higher by almost 30% on no news.
It marks a notable move for the NRL team, which was struggling for traction following the release of a profit guidance statement of February 8.
Lithium is still spiffin’ for Bulletin Resources (ASX:BNR) – which jumped after flagging high-grade lithium mineralisation at its Ravensthorpe project. The gold-lithium explorer today shared some cracking lithium assays up to 8.21% Li2O in rock chips from ‘Big Pegmatite’, part of the ‘Ravensthorpe’ project in WA.
Hard rock lithium operations usually produce at grades of ~1% lithium.
Meanwhile, Global Lithium (ASX:GL1) says it’s onto a maiden 9.9Mt resource grading 1.14% lithium and 49ppm tantalum for the ‘Manna’ lithium project in the goldfields of WA.
It almost doubles the company’s attributable resource base (Marble Bar project 100%, Manna project 80%) to 18.4Mt lithium.
Reuben says that’s a pretty big achievement for a company which only listed on the ASX in May last year.
Outside of mining news, AD1 Holdings (ASX:AD1) led the pack, after announcing its US subsidiary had signed a “12-month pilot with the US Department of Labor that represents a potential lifetime value of approximately $250,000”.
The company said it also has a US sales pipeline “comprising 10+ prospects concentrated primarily in the corporate and government space”.
And the Lark Distillery share price has jumped back some 7% today after the CEO resigned yesterday following a viral video and a wee case of extortion. It’s edging up, after a 20% right shellacking yesterday.
And up about 8% is newcomer Firebrick Pharma Limited (ASX:FRE) has been granted a patent in the US for the use of its Nasodine Nasal Spray for the treatment and possible prevention of Covid-19.
YESTERDAY’S BIGGEST LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price % Volume YPB YPB Group Ltd 0.0015 -25% 3,200,000 GMN Gold Mountain Ltd 0.012 -20% 4,577,509 AO1 Assetowl Limited 0.004 -20% 1,504,900 SMS Starmineralslimited 0.17 -19% 5,000 DDD 3D Resources Limited 0.0025 -17% 23,289,795 CUP Countplus Limited 0.745 -15% 1,000,626 RR1 Reach Resources Ltd 0.0085 -15% 3,404,444 AE1 Aerison 0.175 -15% 45,530 BOC Bougainville Copper 0.56 -15% 56,202 ARO Astro Resources NL 0.006 -14% 5,832,963 AVW Avira Resources Ltd 0.006 -14% 8,640,389 LNY Laneway Res Ltd 0.006 -14% 268,520 KLR Kaili Resources Ltd 0.026 -13% 81,435 YRL Yandal Resources 0.295 -13% 441,613 BCB Bowen Coal Limited 0.2 -13% 9,771,319 IGN Ignite Ltd 0.135 -13% 70,886 IMI Infinitymining 0.17 -13% 49,242 MCT Metalicity Limited 0.007 -13% 15,113,617 IEC Intra Energy Corp 0.021 -13% 257,142 ODE Odessa Minerals Ltd 0.015 -12% 1,707,898 TD1 Tali Digital Limited 0.023 -12% 161,290 MQR Marquee Resource Ltd 0.115 -12% 3,374,727 OMX Orangeminerals 0.155 -11% 141,670 UBN Urbanise.Com Ltd 0.71 -11% 68,049 ITM Itech Minerals Ltd 0.515 -11% 1,321,723
Yandal Resources (ASX:YRL) is getting whacked by about 14%, we think because managing director and “good bloke/great geo” Lorry Hughes — to paraphrase someone in this office — left to pursue other interests.
