On Stockhead today, Guy Le Page thinks about uranium, strokes beard; James Whelan thinks about bottom picking, and GS says battery metals are so 2021.

But first … the day ahead.

 

TRADING HALTS

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

Australian Rare Earths (ASX:AR3) – trading halt pending an announcement in connection with a capital raising

Metrics Master Income Trust (ASX:MXT) – trading halt pending an announcement in connection with a capital raising

Navarre Minerals (ASX:NML) – trading halt pending an announcement in connection with a capital raising

OzAurum Resources (ASX:OZM) – trading halt pending – you guessed it – an announcement in connection with a capital raising

HSC Technology Group (ASX:HSC) – another one pending an announcement around a capital raising

 

MARKETS

Gold: $US1,855.50 (+0.15%)

Silver: $US22.08 (-0.09%)

Nickel (3mth): $US28,235/t (+3.98%)

Copper (3mth): $US9,534.50/t (+0.47%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, May 4): $US68,450/t (0.0% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 4): $US70,000/t (-0.1% weekly)

Oil (WTI): $115.85 (+0.68%)

Oil (Brent): $US120.17 (+0.61%)

Iron 62pc Fe: $US133.50 (+2.69%)

AUD/USD: $US0.71802 +0.29%)

Bitcoin: $US30,614.90(+5.00%)

 

WHAT GOT YOU TALKING YESTERDAY?

Bubs Australia (ASX:BUB) got a direct Twitter shoutout from POTUS himself, Joe Biden:


And shares in the company jumped.


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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.

 

YESTERDAY’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.

Explorer Southern Cross Gold (ASX:SXG) made a spectacular 119m intercept at 3.9g/t gold equivalent from 106m depth at the ‘Sunday Creek’ project in Victoria.

The true thickness – the width of the vein/orebody/shoot at its narrowest point – is estimated at an impressive 71m–83m.

SXG managing director Michael Hudson is understandably pleased, as this sort of yawning width of high-grade mineralisation is rarely – if ever – seen in the Victorian goldfields.

He says the 119m at 3.9g/t gold strike puts SXG in a “new realm” and is another cracking win in “a remarkably successful drill program”.

Bubs Australia (ASX:BUB)  had a pretty good day – up over 60%, after the US President Joe Biden tweeted what legends they all were for prepping to send some that 1.25 million tins (or the equivalent of 27.5 million bottles) of infant formula to teat-starved Americans, where formula has become more precious than babies.

By association A2Milk (ASX:A2M) jumped 10.3%. And if they’re doing well by proxy, then you can be sure the FDA is stamping licences and taking numbers.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

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

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

Josh Chiat reported that the minor punters at Australia’s third most prolific coal miner – Yancoal’s (ASX:YAL) – used yesterday’s AGM to start a fire about last week’s proposal that could see its Chinese parent take out the $8 billion coal miner at a shocking 16.6% discount to its last traded price.

Yancoal shares were paying $6.08 on Wednesday before entering a trading halt as controlling shareholder Hong Kong-listed Yankuang Energy Group announced plans for a lowball US$3.60 ($5.07) a share bid for the ~38% of the miner it didn’t already own.