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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, some alarming news about our planet’s battery capacity, China CUTS RATES, and even ASIC admits crypto is scarily popular.
But first … the day ahead.
Local shares are set to open higher today. At 8am AEST, the ASX 200 August futures contract is pointing up by 0.30%.
TRADING HALTS
The following companies went into trading halts today and are expected out in the next few days:
Tennant Minerals (ASX:TMS) – Drilling results incoming
Antisense Therapeutics (ASX:ANP) – Announcement of outcomes of a Long COVID-19 strategic collaboration is on the way.
TMK Energy (ASX:TMK) – Legal issues, which we’ve covered here.
Genex Power (ASX:GNX) – Genex has asked for some time to prep requested info about a takeover offer from Skip Essential Infrastructure Fund.
Vortiv (ASX:VOR) – Vortiv has some information for investors about its expanding operations in India on the way.
Lode Resources (ASX:LDR) – Capital Raise.
Firebird Metals (ASX:FRB) – Capital Raise II, The Raisening.
BPH Energy (ASX:BPH) – Capital Raise III, The Capital Strikes Back.
Future Metals (ASX:FME) – Capital Raise IV, A Stan Original.
DW8 Limited (ASX:DW8) – Capital Raise V, Exclusive to YouTube.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,765.16 (-2.03%)
Silver: $US17.27 (-17.0%)
Nickel (3mth): $US21,195/t (-4.87%)
Copper (3mth): $US7,978/t (-1.40%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 3): $US69,825/t
Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 3): $US70,000/t
Oil (WTI): $US88.00 (-4.44%)
Oil (Brent): $US92.97 (-5.28%)
Iron 62pc Fe: $US107.60 (-1.92%)
AUD/USD: 0.7023 (-0.1%)
Bitcoin: $US24,095 (-1.26%)
WHAT GOT YOU TALKING YESTERDAY?
CATL eyes its second gigawatt battery plant in Europe.
– CATL eyes second gigawatt #batteryplant in Europe with construction to kick off later this year
– $AKE acquires 100% of María Victoria #lithium tenement in South America
– $CXO kicks off 40,000m reverse circulation (RC) drilling program at BP33 https://t.co/vceIPFJ3v9— Stockhead (@StockheadAU) August 15, 2022
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
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 | Market Cap |
|---|---|---|---|---|---|
| JAV | Javelin Minerals Ltd | 0.0015 | 50% | 2,858,050 | $9,354,153 |
| RAS | Ragusa Minerals Ltd | 0.205 | 46% | 20,682,005 | $17,603,062 |
| SYN | Synergia Energy Ltd | 0.004 | 33% | 440,002 | $25,253,372 |
| T3D | 333D Limited | 0.002 | 33% | 255,000 | $4,566,445 |
| RDG | Res Dev Group Ltd | 0.065 | 27% | 1,357,375 | $147,140,930 |
| NEA | Nearmap Ltd | 1.895 | 25% | 15,425,911 | $755,082,694 |
| AHN | Athena Resources | 0.016 | 23% | 6,903,869 | $10,568,578 |
| GED | Golden Deeps | 0.016 | 23% | 19,239,062 | $15,017,947 |
| BUX | Buxton Resources Ltd | 0.11 | 22% | 346,608 | $13,124,618 |
| AQC | Auspaccoal Ltd | 0.12 | 21% | 42,936 | $4,997,996 |
| AM7 | Arcadia Minerals | 0.18 | 20% | 238,145 | $7,004,684 |
| ARE | Argonaut Resources | 0.003 | 20% | 1,252,986 | $9,015,512 |
| BAT | Battery Minerals Ltd | 0.006 | 20% | 470,767 | $14,626,212 |
| OAU | Ora Gold Limited | 0.012 | 20% | 516,255 | $9,842,313 |
| ODM | Odin Metals Limited | 0.024 | 20% | 4,181,625 | $9,326,887 |
| WHK | Whitehawk Limited | 0.082 | 19% | 704,892 | $15,713,008 |
| LCY | Legacy Iron Ore | 0.023 | 18% | 2,213,927 | $124,933,111 |
| BCK | Brockman Mining Ltd | 0.033 | 18% | 25,000 | $259,846,500 |
| TPD | Talon Energy Ltd | 0.165 | 18% | 5,611,749 | $60,991,371 |
| MEG | Megado Minerals Ltd | 0.1 | 18% | 487,351 | $9,269,148 |
| CNJ | Conico Ltd | 0.041 | 17% | 35,203,214 | $47,550,071 |
| AYT | Austin Metals Ltd | 0.0105 | 17% | 62,800 | $9,142,872 |
| MCE | Matrix C & E Ltd | 0.21 | 17% | 965,543 | $26,292,857 |
| AXP | AXP Energy Ltd | 0.007 | 17% | 22,859,258 | $34,873,084 |
| BUY | Bounty Oil & Gas NL | 0.007 | 17% | 6,309,673 | $8,223,006 |
Javelin Minerals (ASX:JAV) shot up 50%, updating its resource estimate at Coogee to 1.42Mt at 1.076g/t for 49,000oz — a 1400% increase in tonnage and a 350% increase in overall contained metal from the previous estimate.
“Javelin has now successfully identified new Coogee mineralisation which transitions from just gold to copper‐gold in the north within a broader copper‐gold system now having a strike length of over 1km,” executive director Mathew Blake said.
“We have confidence that additional copper‐gold resources can be defined.”
And Nearmap (ASX:NEA) was up 25%, after receiving a massive takeover bid by Thoma Bravo, a leading software investment firm, at $2.10 cash per share.
The company said the proposal implies a fully diluted equity valuation of approximately $1.05 billion for Nearmap… oh and and represents an 83% premium to the closing price of $1.15 on Tuesday 5 July 2022.
The board has determined the proposal to be credible and sufficient to initially grant non-exclusive due diligence access to Thoma Bravo.
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 | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IGN | Ignite Ltd | 0.071 | -41% | 2,809 | $10,749,861 |
| PAR | Paradigm Bio. | 1.44 | -27% | 2,032,885 | $452,585,076 |
| CLE | Cyclone Metals | 0.003 | -25% | 10,950,313 | $24,466,948 |
| IPB | IPB Petroleum Ltd | 0.0095 | -21% | 2,973,595 | $4,442,258 |
| KFE | Kogi Iron Ltd | 0.004 | -20% | 87,137 | $8,087,889 |
| VPR | Volt Power Group | 0.002 | -20% | 34,924,559 | $23,361,334 |
| XST | Xstate Resources | 0.002 | -20% | 1,914,279 | $8,037,954 |
| EMS | Eastern Metals | 0.14 | -15% | 85,955 | $6,378,281 |
| AJQ | Armour Energy Ltd | 0.006 | -14% | 2,434,931 | $15,809,156 |
| CTO | Citigold Corp Ltd | 0.006 | -14% | 207,667 | $19,835,614 |
| CLZ | Classic Min Ltd | 0.028 | -13% | 3,917,270 | $6,618,521 |
| EDE | Eden Inv Ltd | 0.007 | -13% | 1,641,461 | $19,934,824 |
| AIV | Activex Limited | 0.035 | -13% | 31,800 | $8,648,103 |
| PSC | Prospect Res Ltd | 0.105 | -13% | 6,909,414 | $55,471,135 |
| WMG | Western Mines | 0.14 | -13% | 1,313,669 | $5,861,200 |
| BKG | Booktopia Group | 0.29 | -12% | 268,215 | $45,328,569 |
| LDX | Lumos Diagnostics | 0.066 | -12% | 922,267 | $15,742,983 |
| EXL | Elixinol Wellness | 0.037 | -12% | 749,048 | $13,283,154 |
| SHN | Sunshine Gold Ltd | 0.03 | -12% | 1,951,905 | $15,905,973 |
| AHK | Ark Mines Limited | 0.275 | -11% | 12,609 | $10,698,132 |
| PEN | Peninsula Energy Ltd | 0.1775 | -11% | 8,936,224 | $199,459,238 |
| GTG | Genetic Technologies | 0.004 | -11% | 598,210 | $41,552,843 |
| RFR | Rafaella Resources | 0.025 | -11% | 288,881 | $7,863,068 |
| BPT | Beach Energy Limited | 1.66 | -10% | 35,439,085 | $4,220,467,264 |
| 14D | 1414 Degrees Limited | 0.092 | -10% | 69,870 | $20,703,509 |
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