On Stockhead today, copper finally achieves hottest ticket status, how Warren Buffett can cop a US$43bn loss and win, and why cash is king.

But first … the day ahead.

Local shares are set to open lower today. At 8am AEDT, the ASX 200 August futures is pointing down by 0.20%.

TRADING HALTS 

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

Conico (ASX:CNJ) – capital raising pending

Riversgold (ASX:RGL) – announcement around an acquisition

Tempus Resources (ASX:TMR) – announcement around drilling results

Odin Metals (ASX:ODM) – capital raising pending

Evolution Energy (ASX:EV1) – capital raising pending

Po Valley Energy (ASX:PVE) – another capital raising in the works

DevEx Resources (ASX:DEV) – pending drill results from the company’s Nabarlek Uranium Project

Southern Cross Gold (ASX:SXG) – pending an announcement around material exploration results

 

COMMODITY/ FOREX/ CRYPTO MARKET PRICES

Gold: $US1,788.86 (+0.83%)

Silver: $US20.65 (+3.92%)

Nickel (3mth): $US21,620/t (-2.68%)

Copper (3mth): $US7,947/t (+0.97%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t

Oil (WTI): $US90.66(+1.86%)

Oil (Brent): $US96.41 (+1.60%)

Iron 62pc Fe: $US110.38 (+1.08%)

AUD/USD: 0.6983 (-0.70%)

Bitcoin: $US23,841 (+2.34%)

 

WHAT GOT YOU TALKING YESTERDAY?

OZ Minerals (ASX:OZL) knocked back BHP’s (ASX:BHP) hostile $3.8 billion bid:


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Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am 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.

Code Company Price % Volume
AWV Anova Metals Ltd 0.015 50% 195335
ANL Amani Gold Ltd 0.0015 50% 103073553
ARE Argonaut Resources 0.003 50% 3541675
EVE EVE Health Group Ltd 0.0015 50% 115162
MOQ MOQ Limited 0.07 40% 1404142
C6C Copper Mountain 2.3 39% 154585
AHK Ark Mines Limited 0.27 38% 125763
OZL OZ Minerals 25.55 35% 6717584
CTV Colortv Limited 0.008 33% 328253
BNR Bulletin Res Ltd 0.14 27% 3552195
SLZ Sultan Resources Ltd 0.14 27% 1985576
LRS Latin Resources Ltd 0.095 27% 46614279
ARV Artemis Resources 0.038 27% 1828302
ANR Anatara Ls Ltd 0.075 25% 474742
CFO Cfoam Limited 0.005 25% 9860640
WBE Whitebark Energy 0.0025 25% 1159767
XST Xstate Resources 0.0025 25% 72476
QXR Qx Resources Limited 0.041 24% 7820354
AZL Arizona Lithium Ltd 0.1 23% 87945871
HAR Harangaresources 0.185 23% 637025
GRE Greentechmetals 0.345 23% 1051443
LRD Lordresourceslimited 0.245 23% 277275
ARR American Rare Earths 0.385 22% 3908272
DOR Doriemus PLC 0.055 22% 1941966
SHG Singular Health 0.12 20% 331007
CVV Caravel Minerals Ltd 0.235 18% 609685
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Cardno (ASX:CDD) recently completed its sale of Cardno International Development, with proceeds of $56.5m to be distributed to Cardno Shareholders, equivalent to $1.70 per share, in three tranches.

The stock rose from $0.65 to $1.00 in morning trade yesterday, before settling at 86.5 cents when the ASX threw on the brakes by pausing trade for a speedy explanation.

After being terribly on the nose, post-pandemic, the online Aussie marketplace Redbubble (ASX:RBL) went on a bit of a Monday burn, when the brokers at UBS upgraded the dismal stock to a Buy.

UBS says RBL’s looming FY22 numbers may not be as utterly awful as expected, with a few signs suggesting sales might be a beat on the market’s admittedly low forecasts.

The price target on Redbubble was lifted to $1.60, from $1.45, as the Redbubble jumped almost 17%.

“Given the extreme level of investor disinterest in the name… we think a FY22 result which meets consensus expectations, combined with an improved July sales update, will be a positive catalyst for the share price,” UBS said.

Shares in Booktopia (ASX:BKG) were up as well after getting a lease agreement for a big warehouse thing in Strathfield, which it reckons will “underpin the company’s future distribution capacity”.

 

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.

Code Company Price % Losers
DTI DTI Group Ltd 0.011 -39% 2000
AVW Avira Resources Ltd 0.003 -25% 1805255
RNX Renegade Exploration 0.006 -25% 2616898
BEZ Besragoldinc 0.031 -21% 300045
AFW Applyflow Limited 0.002 -20% 1118200
MGG Mogul Games Grp Ltd 0.002 -20% 4000000
MYG Mayfield Group Ltd 0.25 -19% 37955
DLM Dominion Minerals 0.061 -19% 159048
COY Coppermoly Limited 0.009 -18% 133000
MVP Medical Developments 1.96 -17% 1063327
GLV Global Oil & Gas 0.0025 -17% 4800022
C29 C29Metalslimited 0.13 -16% 134055
PUR Pursuit Minerals 0.016 -16% 5031080
CY5 Cygnus Gold Limited 0.195 -15% 1069678
ADX ADX Energy Ltd 0.006 -14% 2200622
CAV Carnavale Resources 0.006 -14% 329451
GMN Gold Mountain Ltd 0.006 -14% 597721
ROO Roots Sustainable 0.003 -14% 3894741
TRU Truscreen 0.04 -13% 100023
BIO Biome Australia Ltd 0.077 -13% 124822
TKM Trek Metals Ltd 0.061 -13% 502078
LSR Lodestar Minerals 0.007 -13% 2531252
LGM Legacy Minerals 0.15 -12% 32047
LYK Lykosmetalslimited 0.155 -11% 28768
OM1 Omnia Metals Group 0.155 -11% 194426
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