On Stockhead today, the new palladium playa with the world in its sights, (maybe) the end of biotech’s woes, and who’s got shares coming out of escrow in April?

But first, the day ahead.

It’s April Fool’s Day but the economic data will be all too real.

Dwelling prices lifted 0.3% in February, the slowest monthly gain since October 2020 and something similar is expected for March when the CoreLogic home value index drops.

Westpac says prices look to be down slightly in Sydney and Melbourne but Brisbane and Adelaide are expected to post strong gains with turnover in focus after a weakening of buyer sentiment in recent months.

In a similar vein housing finance approvals will be out. Lending is expected to be up ~2.5% month in total value but loans to owner-occupiers and particularly first home buyers are expected to be slower with loans to investors to maintain their strong +5% momentum, Westpac says.

Paraphrasing here, but PM Scott Morrison says the best way to help people complaining about high rents is “to help them buy a house”. Not an April Fool’s gag that one.

 

TRADING HALTS

The following companies are in trading halts and are expected to come out over the next few days.

NeuRizer Ltd (ASX: NRZ) – trading halt, pending an announcement in relation to the NeuRizer Urea Project

Cannindah Resources Limited (ASX: CAE) – trading halt, pending a potential capital raising

Tennant Minerals Limited (ASX:TMS) – trading halt, pending a potential capital raising

Paladin Energy Ltd (ASX:PDN) – trading halt, pending a potential capital raising

Zenith Minerals Limited (ASX:ZNC) – trading halt, pending a potential capital raising

Buxton Resources Limited (ASX:BUX) – trading halt, pending a potential capital raising

 

MARKETS (updated at 8am AEDT)

Gold: $US1,936.71 (+0.18%)

Silver: $US24.79 (-0.22%)

Oil (WTI): $US100.73 (-6.57%)

Oil (Brent): $US107.19(-5.5%)

Aust Coking Coal (steelmaking): $594.70/t (0.0%)

Newcastle Coal (thermal): $259/t (+2.2%)

Iron 62pc Fe: $US150.84 (+0.15%)

AUD/USD: $US0.7483 (-0.35%)

Bitcoin: $US45,789 (-2.95%)

 

WHAT GOT YOU TALKING YESTERDAY?

Uranium mines, M & A and capital raisings were flying out the wazoo, making all the headlines including our Monsters of Rock column. That’s got yellowcake disciples beaming from ear to ear.

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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.

 

THURSDAY’S BIGGEST SMALL CAP WINNERS

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

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

Code Description Price % Volume
ALT Analytica Limited 0.002 100% 3,821,732
ANL Amani Gold Ltd 0.002 100% 27,044,542
TMX Terrain Minerals 0.013 86% 57,063,981
AHN Athena Resources 0.009 50% 2,992,053
ANW Aus Tin Mining 0.0015 50% 30,790,488
AVL Aust Vanadium Ltd 0.081 31% 97,521,746
TEM Tempest Minerals 0.1825 30% 105,010,859
GES Genesis Resources 0.013 30% 726,505
BNR Bulletin Res Ltd 0.255 28% 18,731,019
RGL Riversgold 0.072 26% 29,501,948
PYR Payright Limited 0.15 25% 46,062
TRM Truscott Mining Corp 0.04 25% 369,752
SNG Siren Gold 0.435 24% 6,977,189
REC Rechargemetals 0.45 23% 13,735,035
CUL Cullen Resources 0.016 23% 2,060,132
ENT Enterprise Metals 0.016 23% 4,080,321
VMS Venture Minerals 0.056 22% 24,643,639
QEM QEM Limited 0.255 21% 1,008,997
CXM Centrex Limited 0.2 21% 4,408,346
SOP Synertec Corporation 0.075 21% 588,212
ABE Ausbondexchange 0.44 21% 142,448
INR Ioneer Ltd 0.69 20% 22,766,837
SRN Surefire Rescs NL 0.015 20% 27,099,066
CT1 Constellation Tech 0.006 20% 2,566,071
PCL Pancontinental Energ 0.006 20% 17,520,251
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Golden assays for Siren Gold (ASX:SNG) are back from the lads in the lab revealing a 2.5m mineralised interval grading 358.2g/t, starring a gorgeous 60cm chunk grading 1,460g/t gold.

SNG says the intersection from the deepest hole ever drilled at the ‘Alexander River’ project, is comparable to drillhole intersections in the very high-grade Swan Zone at Fosterville.

The $36m market cap stock was up over 40%.

And I suppose someone should point out that the value of Tempest Minerals (ASX:TEM) shares has gone ionospheric – up well over five-fold since sharing news of its rather significant copper discovery. That was Monday.

The first 709m-long hole of a two-hole diamond drilling program at ‘Orion’ — part of the flagship ‘Meleya’ project in WA  — pulled up three mineralised copper sections:

  • 8m of interbedded semi-massive (pretty high grade) base metal/magnetite minerals from 18m;
  • 10m of copper bearing semi-massive sulphides within a 20m disseminated sulphide zone from 422m; and
  • 18m of copper bearing disseminated and stringer veins within a broader ~100m disseminated sulphide zone from 610m to end of hole.

‘To end of hole’ means the third mineralised zone probably keeps going at depth.

TEM boss Don Smith called the outcome ‘spectacular.’ It was the right word.

Hot Chili (ASX:HCH) has reinforced its Costa Fuego copper-gold hub’s position as a top tier development project after upgrading its higher confidence Indicated Resource by a massive 67%.

The project developer’s plans are coming together in a spectacular fashion, as it reports an upgraded Costa Fuego now features an Indicated Resource of 725 million tonnes with grading 0.47% copper equivalent, or contained resources totalling 2.8Mt of copper, 2.6Moz of gold, 10.5Moz of silver and 67,000t of molybdenum.

The news comes on the back of a key offtake agreement that will see Glencore buy 60% of the project’s copper concentrate production for an eight-year period at “arm’s-length commercially-competitive” terms.

 

THURSDAY’S BIGGEST SMALL CAP LOSERS

(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
SFG Seafarms Group Ltd 0.015 -42% 102,768,739
IGN Ignite Ltd 0.14 -39% 108,468
KEY KEY Petroleum 0.0025 -17% 1,871,244
NZS New Zealand Coastal 0.005 -17% 12,431,660
PG1 Pearl Global Ltd 0.016 -16% 6,401,159
LCT Living Cell Tech. 0.007 -13% 200,000
BKY Berkeley Energia Ltd 0.455 -13% 774,177
ATR Astron Corp Ltd 0.575 -12% 15,116
DTI DTI Group Ltd 0.022 -12% 380,000
MRI Myrewardsinternation 0.07 -10% 232,175
AMD Arrow Minerals 0.0045 -10% 446,989
ARO Astro Resources NL 0.0045 -10% 1,503,737
ESH Esports Mogul Ltd 0.0045 -10% 10,811,015
RXH Rewardle Holding Ltd 0.009 -10% 116,637
ZMM Zimi Ltd 0.009 -10% 16,008
HTG Harvest Tech Grp Ltd 0.185 -10% 214,970
RAB Adrabbit Limited 0.014 -10% 202,631
GRL Godolphin Resources 0.14 -10% 80,469
TSO Tesoro Resources Ltd 0.086 -9% 9,980,155
PNT Panthermetalsltd 0.24 -9% 355,819
PYC PYC Therapeutics 0.089 -9% 623,132
EVZ EVZ Limited 0.15 -9% 70,428
BOA Boadicea Resources 0.205 -9% 105,998
DTM Dart Mining NL 0.072 -9% 739,680
DOU Douugh Limited 0.031 -9% 1,340,822
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