Rise and Shine: What you need to know before the ASX opens
News
On Stockhead today, your cut-out-and-keep guide to Mongolian miners, meet Australia’s next rare-earth producer, and is it time to buy some cheap lithium?
But first, the day ahead.
Local shares are set to open lower today. At 7.30am AEDT, the ASX 200 March futures is pointing down by 1.27%.
The following companies are in Trading Halts and are expected out in the coming days.
Lake Resources NL (ASX:LKE) – capital raising
Xantippe Resources (ASX:XTC) – capital raising
Manuka Resources (ASX:MKR) – capital raising
Creso Pharma (ASX:CPH) – capital raising
Genex Power (ASX:GNX) – capital raising
Canyon Resources (ASX:CAY) – seeking clarification from the Cameroon Government
Galilee Energy Limited (ASX:GLL) – capital raising
Gold: $US1,906.35 (+0.42%)
Silver: $US24.50 (+1.71%)
Oil (WTI): $US91.80 (-0.17%)
Oil (Brent): $US96.60 (-0.27%)
Aust Coking Coal (steelmaking): $444.0/t (+1.90%)
Newcastle Coal (thermal): $197/t (0.00%)
Iron 62pc Fe: $US142.96/t (-0.21%)
AUD/USD: $US0.7232 (+0.18%)
Bitcoin: $US37,650 (-0.68%)
Everyone loves a bargain.
BY 2030, demand for magnet rare earths — – neodymium, praseodymium, dysprosium and terbium — is forecast to exceed supply by 40%.
Here are 10 #ASX juniors looking to fill the gap.$MMC $AOA $CML $ENV $KFM $RBX $AKN $RR1 $KTA $EMThttps://t.co/9ZlSJswxGW— Stockhead (@StockheadAU) February 22, 2022
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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.
(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 |
---|---|---|---|---|
AGS | Alliance Resources | 0.185 | 37.0% | 301,539 |
CDT | Castle Minerals | 0.057 | 35.7% | 65,965,445 |
BAS | Bass Oil Ltd | 0.002 | 33.3% | 3,607,862 |
MRI | Myrewardsinternation | 0.076 | 24.6% | 881,770 |
CLB | Candy Club | 0.12 | 22.4% | 771,047 |
ARR | American Rare Earths | 0.395 | 21.5% | 5,715,990 |
CNB | Carnaby Resource Ltd | 1.555 | 20.5% | 1,377,521 |
AUH | Austchina Holdings | 0.018 | 20.0% | 26,706,195 |
TAR | Taruga Minerals | 0.036 | 20.0% | 963,404 |
MBK | Metal Bank Ltd | 0.006 | 20.0% | 4,780,274 |
BLZ | Blaze Minerals Ltd | 0.037 | 19.4% | 1,366,719 |
SPN | Sparc Tech Ltd | 0.83 | 17.7% | 1,002,928 |
NET | Netlinkz Limited | 0.02 | 17.6% | 856,714 |
PEX | Peel Mining Limited | 0.235 | 17.5% | 4,816,325 |
CLH | Collection House | 0.14 | 16.7% | 719,189 |
ALY | Alchemy Resource Ltd | 0.014 | 16.7% | 2,641,052 |
AQX | Alice Queen Ltd | 0.007 | 16.7% | 1,829,999 |
OAR | OAR Resources Ltd | 0.007 | 16.7% | 2,301,104 |
SRN | Surefire Rescs NL | 0.014 | 16.7% | 2,984,772 |
THR | Thor Mining PLC | 0.014 | 16.7% | 7,364,117 |
TMK | Tamaska Oil Gas Ltd | 0.014 | 16.7% | 9,659,620 |
NZM | Nzme Limited | 1.23 | 16.6% | 1,072,294 |
EP1 | E&P Financial Group | 0.5 | 16.3% | 26,852 |
NC1 | Nicoresourceslimited | 0.645 | 16.2% | 1,439,576 |
VMY | Vimy Resources Ltd | 0.18 | 16.1% | 3,993,507 |
Alliance Resources (ASX:AGS) last night reported that major shareholder Ian Gandel tabled an off-market takeover bid at 18c per share – a ~35% premium on the last closing price.
Fresh analysis of historical gold sampling has uncovered several lithium anomalies at Castle Minerals’ (ASX:CDT) ‘Woodcutters’ project in the Norseman region of WA.
Woodcutters encompasses some 10km of the “Western Australia Lithium Corridor” which hosts the nearby Bald Hill, Buldania, and Mt Marion deposits.
The Collection House (ASX:CLH) share price is circa 20% the better after Credit Corp (ASX:CCP) announced it had entered into a binding agreement to acquire CLH’s New Zealand purchased debt ledger (PDL) for $12m.
And Peel Mining (ASX:PEX) will raise $23m to grow the ‘South Cobar’ copper project – “with the ultimate aim to advance towards development of a 10-year copper operation”.
The cash will be raised at 18c per share – a very reasonable 10% discount to the last closing price — with the placement to be cornerstoned by mine finder and company make Josh Pitt.
(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 |
---|---|---|---|---|
XST | Xstate Resources | 0.003 | -25.0% | 18,202,280 |
CGO | CPT Global Limited | 0.56 | -20.0% | 301,118 |
CT1 | Constellation Tech | 0.005 | -16.7% | 807,903 |
GTG | Genetic Technologies | 0.005 | -16.7% | 21,802,788 |
T3D | 333D Limited | 0.0025 | -16.7% | 501,493 |
CHM | Chimeric Therapeutic | 0.1625 | -15.7% | 3,390,554 |
BRV | Big River Gold Ltd | 0.27 | -15.6% | 123,266 |
NTD | National Tyre&Wheel | 1.35 | -15.6% | 1,218,838 |
TSL | Titanium Sands Ltd | 0.022 | -15.4% | 494,000 |
SPX | Spenda Limited | 0.0205 | -14.6% | 51,478,809 |
DM1 | Desert Metals | 0.45 | -14.3% | 544,781 |
EPM | Eclipse Metals | 0.03 | -14.3% | 7,972,552 |
RIM | Rimfire Pacific | 0.006 | -14.3% | 375,000 |
T3K | Tek Ocean Group | 0.275 | -14.1% | 350,057 |
DMP | Domino Pizza | 86.26 | -13.9% | 1,107,276 |
FFI | F.F.I. Holdings | 6.2 | -13.0% | 17,766 |
HIQ | Hitiq Limited | 0.1 | -13.0% | 1,261,799 |
CZR | CZR Resources Ltd | 0.007 | -12.5% | 1,774,188 |
NZS | New Zealand Coastal | 0.007 | -12.5% | 2,133,527 |
SIH | Sihayo Gold Limited | 0.007 | -12.5% | 195,929 |
ALM | Alma Metals Ltd | 0.029 | -12.1% | 39,027 |
RGL | Riversgold | 0.022 | -12.0% | 877,600 |
CBY | Canterbury Resources | 0.075 | -11.8% | 209,999 |
GNX | Genex Power Ltd | 0.15 | -11.8% | 6,415,184 |
VBC | Verbrec Limited | 0.115 | -11.5% | 85,298 |
WA food company FFI Holdings (ASX:FFI), which runs brands like Chocolate Products of Australia, Nemar Cake Toppings and Prepact, fell after downgrading its profit guidance to $1.6m for H1 FY22.