On Stockhead today, 9 dirt cheap uranium stocks with upside, how high will US interest rates go this year, and hydrogen generation – a $1tn per year market?

But first … the day ahead.

Local shares are set to open higher today. At 8am AEDT, the ASX 200 March futures is pointing up by 0.37%.

Stelar Metals (ASX:SLB) will begin trading on the ASX at 12pm AEDT, with $7 million in tow from an IPO at 20c a share.

The company is chasing copper and zinc targets at projects across South Australia, home to some of Australia’s best copper discoveries of the past 10 years.

Its projects cover three prospective geological domains in South Australia: the Gawler Craton, Stuart Shelf and Adelaide Fold Belt.

The Evelyn Dam Project covers 134km2 about 50km south of Woomera with a project area prospective for Olympic Dam style iron oxide copper gold (IOCG) mineralisation.

Other copper projects include the Torrens Project (about 40km east of Olympic Dam), the Barratta Project and the Gunson Project.

The company’s Linda Zinc Project in the Flinders Ranges is considered prospective for Mississippi Valley Type and Beltana-Kipushi Type zinc-lead mineralisation as well as Zambian style copper mineralisation.



The following companies are in trading halts and are expected out in the next few days:

Wellnex Life Limited (ASX: WNX) – trading halt, pending an announcement regarding a supply agreement with an international consumer healthcare company.

ResApp Health (ASX:RAP) – trading halt, pending the release of an announcement regarding its COVID-19 study results.

Reach Resources Limited (ASX:RR1) – trading halt, pending an announcement regarding an acquisition and capital raising.

Melbana Energy Limited (ASX: MAY) – trading halt, pending an announcement regarding drill results.


MARKETS (updated at 8am AEDT)

Gold: $US1,941.45 (+0.70%)

Silver: $US25.34 (+1.10%)

Oil (WTI): $US103.68 (+9.00%)

Oil (Brent): $US106.99 (+9.15%)

Aust Coking Coal (steelmaking): $628/t (-1%)

Newcastle Coal (thermal): $340/t (-1.7%)

Iron 62pc Fe: $US149.65 (+0.54%)

AUD/USD: $US0.7377(+0.2%)

Bitcoin: $US40,833(-0.60%)



Tin guru Mark Thompson told us prices of the base metal could go as high as US$80,000/t. That got tin juniors fired up.

And lithium prices powered Chinese giant Ganfeng to a mega profit.

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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.)

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Uranium stock Berkeley Energia (ASX:BKY) has seen its shares mysteriously spike more than 60% over the past week despite having its plans for a uranium plant in Spain knocked back last year.

Melbana Energy (ASX:MAY) shares continued their stunning recent run, up 31% after announcing it was still in the oil reservoir when it ended its Alameda-1 well in Cuba at its target depth.

The “highly energised” 300m interval was the third encountered in the massively successful drilling program, with Melbana saying it would have kept going if it wasn’t encroaching on its safety margins.

MAY shares are up 850% over the past six months, most of that since early Feb when the well began. A little birdie told us this might happen as well, Melbana was one of Lowell Resources Funds CIO John Forwood’s picks when he spoke to us recently about his conviction in the oil and gas sector.



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

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Golden Rim Resources (GMR:ASX) said it had firm commitments from shareholders, and from key strategic and institutional investors to raise $6.3 million – a $5.3 million share placement in two tranches and a $1 million share purchase plan (SPP).

The funds will go into amping up its Kada mine in West Guinea. Shares dropped 17% on the news.