On Stockhead today, why China has a tungsten fight on its hands, all the big data events coming this week, and five ways the world of crypto will change in 2022.

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 072%.

WHO’s LISTING?

Omnia Metals Group (ASX:OM1)

Expected listing: Monday 21 February

IPO: $5.5m at $0.20

The explorer will be focused on two projects: the Ord Basin project along the WA/NT border, and the Albany-Fraser project in the state’s southwest.

The company says meaningful exploration around the Ord Basin has been limited over the past 50 years, so the project represents “a district scale, greenfields exploration opportunity for copper, nickel and PGE deposit types.”

At the Albany-Fraser project, Omnia will explore for intrusive-hosted nickel-copper sulphide deposits.

 

TRADING HALTS

The following companies are in Trading Halts and are expected out in the coming days.

Gold Mountain (ASX:GMN) — Capital raising

Metgasco (ASX:MEL) — Capital raising

Red Dirt Metals (ASX:RDT) — Capital raising

Ardea Resources (ASX:ARL) — Capital raising

Riedel Resources (ASX:RIE) — Capital raising

Pantera Minerals (ASX:PFE) — Extraordinary General Meeting — acquisition

Eve Health Group (ASX:EVE) — Capital raising

KneoMedia (ASX:KNM) — Capital raising

 

MARKETS

Gold: $US1,897.25 ($2,647.20) (0.00%)

Silver: $US23.89 ($33.33) (+0.35%)

Oil (WTI): $US91.49 (-0.29%)

Oil (Brent): $US93.61 (+0.69%)

Aust Coking Coal (steelmaking): $434.50/t (0.50%)

Newcastle Coal (thermal): $197/t (0.00%)

Iron 62pc Fe: $US141.11/t (-1.93%)

AUD/USD: $US0.7167 (-0.14%)

Bitcoin: $US38,327.05. (-4.36%)

 

WHAT GOT YOU TALKING LAST WEEK?

War may be happening, and gold – an investment safe haven — is surging toward $US,1900/oz.

 

Meanwhile, Bitcoin is crapping the bed. So much for ‘digital gold’.

 

LAST WEEK’S ASX SMALL CAP WINNERS:

Here are the best performing ASX small cap stocks for February 14 – 18:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
GCR Golden Cross 0.22 1057.9% $2,084,787
HOR Horseshoe Metals Ltd 0.034 183.3% $6,545,915
ANL Amani Gold Ltd 0.0015 50.0% $34,400,162
PBX Pacific Bauxite Ltd 0.15 50.0% $1,189,876
LKO Lakes Blue Energy 0.0015 50.0% $86,540,353
ITM Itech Minerals Ltd 0.56 47.4% $45,577,498
BRX Belararoxlimited 0.545 47.3% $14,731,610
QGL Quantum Graphite 0.365 46.0% $101,085,000
IS3 I Synergy Group Ltd 0.13 44.4% $21,126,143
HVM Happy Valley 0.084 40.0% $18,490,071
PG1 Pearl Global Ltd 0.028 40.0% $18,265,511
BOC Bougainville Copper 0.56 40.0% $224,595,000
NET Netlinkz Limited 0.022 37.5% $75,052,687
IHL Incannex Healthcare 0.59 34.1% $725,116,802
BNR Bulletin Res Ltd 0.165 32.0% $51,400,784
FXG Felix Gold Limited 0.18 28.6% $13,697,632
RNX Renegade Exploration 0.009 28.6% $6,597,200
SIS Simble Solutions 0.027 28.6% $9,879,318
HPR High Peak Royalties 0.051 27.5% $10,447,820
TMK Tamaska Oil Gas Ltd 0.014 27.3% $31,680,000
ARE Argonaut Resources 0.005 25.0% $12,621,717
EDU EDU Holdings Limited 0.2 25.0% $19,977,456
ARC ARC Funds Limited 0.735 24.6% $21,053,446
BRV Big River Gold Ltd 0.295 22.9% $66,063,500
AVR Anteris Technologies 22.74 22.7% $253,899,182
TYM Tymlez Group 0.038 22.6% $37,500,358
DTM Dart Mining NL 0.1 22.0% $10,706,220
ALA Arovella Therapeutic 0.051 21.4% $25,849,497
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Two junior explorers, Golden Cross Resources (ASX:GCR) and Horseshoe Metals (ASX:HOR), came out of ASX suspensions Friday and posted big percentage gains — at least with reference to their pre-suspension trading levels.

Get the full details here.

iTech Minerals (ASX:ITM) says drilling at its Eyre Peninsula tenement package — targeting rare earth ionic adsorption clays and high purity kaolin — “is well ahead of schedule”.

Bulletin Resources (ASX:BNR) announced high grade lithium assays up to 8.21% Li2O in rock chips at the ‘Ravensthorpe’ project in WA.

Hard rock lithium operations usually produce at grades of ~1% lithium.

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

Race Oncology (ASX:RAC) executive director and founder Daniel Tillet is joining the board of smart energy software company Simble Solutions (ASX:SIS).

And embattled junior explorer Argonaut (ASX:ARE) says Zambian Government authorities are investigating the purported cancellation of the Lumwana West exploration licence following in-person representations by the explorer.

In January, the Zambians unexpectedly did not renew an exploration licence over ‘Lumwana West’, which includes the large Nyungu copper-cobalt deposit.

ARE believed there was corruption at play and lodged an appeal.

 

LAST WEEK’S ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for February 14 – 18:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
ZBT Zebit Inc. 0.075 -61.5% $7,476,182
MRI My Rewards International 0.089 -55.5% $12,773,639
BAS Bass Oil Ltd 0.001 -50.0% $9,225,363
CAQ CAQ Holdings Ltd 0.013 -48.0% $9,331,222
PPS Praemium Limited 0.845 -33.5% $426,559,857
GMN Gold Mountain Ltd 0.0115 -32.4% $12,841,790
HLF Halo Food Co. Ltd 0.09 -30.8% $26,313,262
ADV Ardiden Ltd 0.012 -29.4% $28,188,360
LBY Laybuy Group Holding 0.1 -28.6% $24,717,462
MLSDA Metals Australia 0.043 -28.3% $11,000,970
OAK Oakridge 0.215 -28.3% $3,611,093
TRT Todd River Res Ltd 0.056 -27.3% $31,980,622
BBX BBX Minerals Ltd 0.125 -26.5% $66,703,114
CRM Carbon Minerals Ltd 0.31 -26.2% $5,829,083
KLI Killiresources 0.39 -25.7% $13,695,000
SPX Spenda Limited 0.026 -25.7% $79,235,611
BLZ Blaze Minerals Ltd 0.036 -25.0% $13,227,504
EN1 Engage:Bdr Limited 0.0015 -25.0% $3,502,636
JAV Javelin Minerals Ltd 0.0015 -25.0% $13,176,506
PCH Property Connect 0.0015 -25.0% $1,028,795
SGQ St George Min Ltd 0.048 -25.0% $27,691,974
WOO Wooboard Tech Ltd 0.0015 -25.0% $7,644,325
YPB YPB Group Ltd 0.0015 -25.0% $9,176,751
1MC Morella Corporation 0.021 -25.0% $113,876,708
ROG Red Sky Energy. 0.006 -25.0% $37,115,590
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Zebit (ASX:ZEB)  recommenced trading last week, but probably shouldn’t have after initially flagging plans to delist.

The stock promptly slumped and is currently turning hands at a 95% discount from its October 2020 IPO price, when it raised $35m from investors.

Newly-listed employee and consumer rewards, loyalty and engagement program platform provider My Rewards (ASX:MRI) is also down after its recent IPO.

The firm runs a cloud-based, e-commerce platform where members access exclusive discounts and such.