On Stockhead today, why resources win in recessions, why Myer is suddenly back on the radar, and why the Betaloo is heating up

But first … the day ahead.

Local shares are set to open lower today. At 8am AEST, the ASX 200 September futures contract is pointing down by 0.80%.

TRADING HALTS

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

Pure Resources (ASX: PR1) – in connection with the company’s Loyalty Option Issue.

The Market Herald (ASX:TMH) – in relation to the execution of an agreement regarding a material acquisition (word is it’s CarsGuide and Gumtree.)

Arcadia Minerals (ASX: AM7) – ahead of an announcement relating to the updated Bitterwasser Lithium Mineral Resource.

HeraMED (ASX:HMD) – ahead of proposed capital raise.

Heartshead Resources (ASX:HHR) – ahead of capital raise.

Doctor Care Anywhere Group (ASX:DOC) – ahead of announcement to the market.

Magmatic Resources (ASX:MAG) – ahead of material announcement to the market.

Live Verdure (ASX: LV1) –  pending an announcement to the market regarding a material acquisition, capital raising and new CEO appointment.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,735.85 (-0.69%)

Silver: $US18.98(-0.20%)

Nickel (3mth): $US22,415/t (+0.71%)

Copper (3mth): $US8,052.50/t (-0.32%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 3): $US69,825/t

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 3): $US70,000/t

Oil (WTI): $US90.81 (+0.41%)

Oil (Brent): $US96.72 (+0.5%%)

Iron 62pc Fe: $US105.52 (-0.11%)

AUD/USD: 0.6881 (+0.10%)

Bitcoin: $US21,233 (-1.73%)

 

WHAT GOT YOU TALKING YESTERDAY?

Anson Resources (ASX:ASN) increased the resource at its Paradox lithium brine project in the US by a whopping 324%.


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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
AQC Auspaccoal Ltd 0.255 89% 369,439 $6,815,449
RAS Ragusa Minerals Ltd 0.29 53% 19,092,482 $24,193,606
NRX Noronex Limited 0.06 50% 6,614,484 $6,818,391
TD1 Tali Digital Limited 0.007 40% 16,102,968 $6,163,153
ASN Anson Resources Ltd 0.2 38% 30,980,626 $149,047,289
CBE Cobre 0.61 36% 56,179,758 $90,944,521
MCT Metalicity Limited 0.004 33% 17,061,824 $10,376,118
CCE Carnegie Cln Energy 0.0025 25% 314,809 $30,205,147
XST Xstate Resources 0.0025 25% 1,453,981 $6,430,363
AMM Armada Metals 0.12 20% 2,058,228 $5,000,000
PRM Prominence Energy 0.003 20% 567,465 $6,061,522
MEM Memphasys Ltd 0.037 19% 1,784,677 $24,557,528
JPR Jupiter Energy 0.032 19% 3,178 $4,141,198
CNJ Conico Ltd 0.065 18% 88,259,079 $79,877,789
MCM Mc Mining Ltd 0.305 17% 58,615 $51,390,266
MGA Metals Grove Mining 0.14 17% 92,592 $4,320,060
GCR Golden Cross 0.014 17% 210,022 $13,167,073
GLV Global Oil & Gas 0.0035 17% 723,245 $5,620,064
SYN Synergia Energy Ltd 0.0035 17% 10,542,384 $25,253,372
TSC Twenty Seven Co. Ltd 0.0035 17% 73,285 $7,982,442
FRM Farm Pride Foods 0.18 16% 3,000 $8,552,927
BXN Bioxyne Ltd 0.015 15% 250,000 $8,321,890
CBL Control Bionics 0.23 15% 413 $10,066,181
CTO Citigold Corp Ltd 0.008 14% 2,951,000 $19,835,614
M8S M8 Sustainable 0.008 14% 230,000 $2,936,360
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A Nathan Tinkler backed consortium wants to buy struggle town coalie Australian Pacific Coal (ASX:AQC) and its Dartbrook project.

It’s a generous offer, proposing to subscribe for 19.97% of AQC shares at $0.30 per share for a total of $3.78m.

Tinkler et al would then refinance the company’s debt and buy the rest of the stock for up to $0.30 per share “to allow existing shareholders to take the opportunity to liquidate their investment, should they wish to do so, once the refinancing has been completed”.

In 2017 Tinkler got ASIC’d from being a director until February 2021 because of his involvement in the collapse of 11 companies across mining, horse racing and sports.

Yesterday, AQC confirmed it has received the non-binding alt-proposal for the sale of the Dartbrook Project to Trepang Services from Nakevo.

AQC has been advised by Nakevo that the shareholders of Nakevo are: Oceltip Coal 2 Pty Ltd (that’s an entity controlled by Tinkler) and fundie Evolution Capital.

Meanwhile, EML Payments (ASX:EML) was back in the news, the happy news anyway, jumping over 12% in morning trade after political, regulatory, economic and personal issues all took a backseat to some decent numbers out of its key market of Ireland. Revenue was a beat on expectations, although guidance was less than hoped for.

 

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
GMLDA Gateway Mining 0.066 -34% 121,590 $2,260,106
ALT Analytica Limited 0.001 -33% 2,570,879 $6,920,702
ANL Amani Gold Ltd 0.001 -33% 2,777,907 $35,540,162
MEB Medibio Limited 0.001 -33% 237,000 $4,134,735
SIH Sihayo Gold Limited 0.002 -33% 7,696,761 $18,306,384
DDD 3D Resources Limited 0.0015 -25% 1,306,966 $8,863,744
AYT Austin Metals Ltd 0.007 -22% 3,744,394 $9,142,872
LAW Lawfinance Ltd 0.205 -21% 128,650 $16,557,039
AUA Audeara 0.1 -20% 141,278 $9,274,915
ARE Argonaut Resources 0.002 -20% 1,440,000 $9,015,512
KFE Kogi Iron Ltd 0.004 -20% 229,918 $8,087,889
MGG Mogul Games Grp Ltd 0.002 -20% 833,333 $8,158,603
BPH BPH Energy Ltd 0.0145 -19% 8,805,926 $11,969,069
GRE Greentechmetals 0.25 -19% 1,043,588 $9,696,800
WCG Webcentral Ltd 0.21 -19% 3,349,713 $86,084,126
ABC Adbri Limited 2.21 -17% 7,121,666 $1,735,989,296
MTM Mt Monger Resources 0.16 -16% 904,015 $7,126,906
IS3 I Synergy Group Ltd 0.044 -15% 27,669 $13,959,994
OAU Ora Gold Limited 0.011 -15% 504,057 $12,795,007
DUN Dundasminerals 0.14 -15% 3,844 $6,391,367
LEG Legend Mining 0.04 -15% 13,116,117 $129,491,379
AHN Athena Resources 0.012 -14% 8,224,378 $11,381,546
AUK Aumake Limited 0.006 -14% 1,654,005 $5,400,128
CAV Carnavale Resources 0.006 -14% 1,453,925 $19,029,862
MTB Mount Burgess Mining 0.006 -14% 196,166 $6,014,198
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