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).
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price % Volume Market Cap BPH BPH Energy Ltd 0.044 214% 192,736,836 $9,309,276 MAG Magmatic Resrce Ltd 0.185 108% 18,399,099 $22,649,325 BUY Bounty Oil & Gas NL 0.0115 64% 64,466,729 $9,593,507 AQC Auspaccoal Ltd 0.4 57% 1,236,544 $12,873,627 KEY KEY Petroleum 0.003 50% 33,665 $3,935,856 GMLDA Gateway Mining 0.085 29% 1,500 $14,916,702 ARE Argonaut Resources 0.0025 25% 333,617 $7,212,410 AVW Avira Resources Ltd 0.005 25% 1,310,000 $8,475,160 KFE Kogi Iron Ltd 0.005 25% 750,000 $6,470,311 MCT Metalicity Limited 0.005 25% 4,001,310 $13,834,824 XST Xstate Resources 0.0025 25% 2,400,066 $6,430,363 ALU Altium Limited 35.79 20% 1,520,553 $3,934,869,325 ADX ADX Energy Ltd 0.007 17% 3,334,672 $20,959,556 RIE Riedel Resources Ltd 0.007 17% 14,000 $6,430,242 FXG Felix Gold Limited 0.185 16% 19,263 $13,306,624 SLB Stelarmetalslimited 0.185 16% 215,129 $6,000,000 AL3 Aml3D 0.115 15% 62,739 $18,806,342 MRQ Mrg Metals Limited 0.008 14% 18,387,112 $12,229,410 CDD Cardno Limited 0.56 14% 312,445 $19,139,725 DUN Dundasminerals 0.16 14% 58,588 $5,422,978 AW1 Americanwestmetals 0.1425 14% 16,699,864 $13,878,469 CG1 Carbonxt Group 0.125 14% 1,611,366 $21,169,355 OSX Osteopore Limited 0.25 14% 200,083 $25,799,012 CZL Cons Zinc Ltd 0.025 14% 42,000 $8,521,872 IS3 I Synergy Group Ltd 0.05 14% 64,491 $11,812,303
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).
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price % Volume Market Cap PRM Prominence Energy 0.002 -33% 1,981,661 $7,273,826 GLV Global Oil & Gas 0.003 -25% 6,816,816 $7,493,419 DMG Dragon Mountain Gold 0.015 -25% 1,025,000 $7,873,433 DOC Doctor Care Anywhere 0.17 -23% 4,527,169 $49,988,424 CTT Cettire 0.74 -18% 2,732,532 $345,020,589 OAU Ora Gold Limited 0.009 -18% 1,976,090 $10,826,544 PGM Platina Resources 0.028 -18% 2,229,269 $15,362,396 DEX Duke Exploration 0.061 -18% 592,611 $6,675,625 IMR Imricor Med Sys 0.355 -17% 507,589 $61,744,661 AUK Aumake Limited 0.005 -17% 3,546,577 $4,628,682 MTB Mount Burgess Mining 0.005 -17% 8,571 $5,155,027 PRL Province Resources 0.1125 -17% 23,434,705 $159,332,824 SSM Service Stream 0.8525 -16% 10,112,166 $628,272,156 FLN Freelancer Ltd 0.28 -15% 85,559 $148,903,296 PLG Pearlgullironlimited 0.0325 -14% 835,666 $2,086,288 DDT DataDot Technology 0.006 -14% 1,619,150 $8,707,086 SYN Synergia Energy Ltd 0.003 -14% 9,322,786 $29,462,267 TD1 Tali Digital Limited 0.006 -14% 4,738,022 $8,628,414 TKL Traka Resources 0.006 -14% 521,738 $4,821,422 HIQ Hitiq Limited 0.055 -14% 150,751 $7,241,996 CBE Cobre 0.52 -14% 17,718,883 $122,269,856 RAS Ragusa Minerals Ltd 0.245 -14% 17,310,182 $36,290,409 SIX Sprintex Ltd 0.039 -13% 386,543 $11,445,945 PV1 Provaris Energy Ltd 0.074 -13% 2,135,239 $46,603,840 HMG Hamelingoldlimited 0.135 -13% 25,578 $17,050,000