On Stockhead today, a rare earths nearology play going cheap, mining for minerals on the Moon, and Carl calls it – Bitcoin is broken.

But first … the day ahead.

The September ASX 200 c0ntract is set to open flat today.

TRADING HALTS

The following company went into a trading halt yesterday and is expected out in the next few days:

Heartland Group Holdings (ASX:HGH) – It’s a Capital Raise… who woulda thunk it? Heartland is proposing to raise NZ$200 million of new capital by way of an NZ$130 million placement to be followed by an NZ$70 million share purchase plan (SPP). Full details are coming out tomorrow, so you’ll just have to wait to find out how this one ends.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,735.57(-0.00%)

Silver: $US18.941 (-0.36%)

Nickel (3mth): $US22,343/t

Copper (3mth): $US8,027/t

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

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

Oil (WTI): $US91.145 (+0.87%)

Oil (Brent): $US97.434 (+0.99%)

Iron 62pc Fe: $US105.00 (+0.96%)

AUD/USD: 0.68689 (-0.06%)

Bitcoin: $US20,988.27 (-2.08%)

 

WHAT GOT YOU TALKING YESTERDAY?

Pilbara Minerals (ASX:PLS) says there’ll be a lithium deficit by 2040 equivalent to 18 Pilgangooras.

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).

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BPH Energy (ASX:BPH) BPH was up about 200% yesterday, saying it’s reviewing what appear to be a swag of legal options, following reports wonderfully former Prime Minister Scott Morrison may have misused a little of his apparently endless powers to block a BPH exploration permit.

Morrison had secretly appointed himself minister for home affairs and treasury during the Covid-19 pandemic, in addition to the health, finance and resources portfolios previously revealed, according to wonderfully placed new Prime Minister Anthony Albanese.

“BPH Energy Ltd wishes to advise that in light of the recent media coverage regarding former Prime Minister Scott Morrison’s use of ministerial powers to block the PEP-11 gas exploration licence, the company is currently undertaking a full review of its options, including potential for legal channels, as part of its strategy to protect shareholder value,” the company said.

Australian Pacific Coal (ASX:AQC) was approaching $0.27, but yesterday the “Let’s get some of that sweet, sweet takeover money” bus completely missed its $0.30 stop, rocketing along with its foot to the floor and its chin on the horn with the stock hitting $0.40.

Magmatic Resources (ASX:MAG)  jumped off the back of super copper intersections with visible copper sulphide mineralisation at its Corvette Prospect in NSW.

Visible copper = circa 45% share price gain.

Also, another proper copper prospect, American West Metals (ASX:AW1), enjoyed a share price kick after finding new copper at its Storm project in Canada.

YESTERDAY’S BIGGEST SMALL CAP LOSERS

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

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