Rise and Shine: What you need to know before the ASX opens
Pic: Dana Hoff/ The Image Bank via Getty Images
On Stockhead today, why Angie Ellis loves this low-cost jewellery business, which ASX resources stocks made the gains in August, and Fred Schebesta’s bull case for Bitcoin.
But first … the day ahead.
Local shares are set to open higher today. At 8am AEST, the ASX 200 September futures contract is pointing up by 0.10%.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Hastings Technology Metals (ASX:HAS) – HAS is raising capital because the Normans are coming, and suits of armour are a bit pricey. We’ll have more news as soon as the tapestry’s finished.
Magnetic Resources (ASX:MAU) – Magnetic’s raising capital to make themselves more… attractive. Badum-tish! Tip your waitress, eat the veal, etc.
Scout Security (ASX:SCT) – SCT’s holding a capital raise to keep us all safe from marauding Boy Scouts.
Regal Partners (ASX:RPL) – Regal’s got news of a non-underwritten 1 for 5 pro rata accelerated non-renounceable entitlement offer.
Triton Minerals (ASX:TON) – It’s a capital raise, to allow TON to continue to be a true Triton of Industry. At least I think that’s what the guy said.
Rafaella Resources (ASX:RFR) – Rafaella has an announcement to the market relating to a significant new asset acquisition. I reckon it’s a speedboat. Those things are cool.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,709.53 (-0.01%)
Silver: $US18.15(+0.71%)
Nickel (3mth): $US21,600/t (+5.22%)
Copper (3mth): $US7,674/t (+0.54%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 17): $US71,200/t (+90.2% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 17): $US71,775/t (+127.4% year-to-date)
Oil (WTI): $US88.87 (+2.30%)
Oil (Brent): $US94.80 (+1.92%)
Iron 62pc Fe: $US95.55 (-0.77%)
AUD/USD: 0.6796 (-0.10%)
Bitcoin: $US19,748 (-0.60%)
WHAT GOT YOU TALKING YESTERDAY?
Lotus (ASX:LOT) MD reckons uranium will have its lithium moment.
• Will #uranium have its own lithium moment?
• “People are talking about $US100/lb – I think that is possible”: Lotus MD Keith Bowes
• While the miners mint profits, more speculative #ASX junior stocks could enjoy some of the biggest % gains
https://t.co/C2LgE1k1oq— Stockhead (@StockheadAU) September 4, 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 |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.003 | 50% | 1,400,662 | $30,205,147 |
| T3D | 333D Limited | 0.0015 | 50% | 540,000 | $3,054,297 |
| FMS | Flinders Mines Ltd | 0.75 | 42% | 85,117 | $89,489,746 |
| AJL | AJ Lucas Group | 0.135 | 38% | 7,076,434 | $117,236,090 |
| FRS | Forrestania Resources | 0.195 | 30% | 193,174 | $5,004,196 |
| 1ST | 1St Group Ltd | 0.009 | 29% | 197,720 | $9,017,217 |
| CXU | Cauldron Energy Ltd | 0.0125 | 25% | 4,561,509 | $5,354,113 |
| VAL | Valor Resources Ltd | 0.01 | 25% | 53,095,476 | $29,268,278 |
| CMD | Cassius Mining Ltd | 0.038 | 23% | 4,390,373 | $12,515,968 |
| SPD | Southern Palladium | 1.15 | 21% | 203,858 | $40,924,411 |
| AUK | Aumake Limited | 0.006 | 20% | 175,007 | $3,857,235 |
| MRD | Mount Ridley Mines | 0.006 | 20% | 13,545,990 | $29,372,642 |
| CAU | Cronos Australia | 0.55 | 20% | 910,915 | $255,010,523 |
| BLG | Bluglass Limited | 0.038 | 19% | 5,945,249 | $40,824,090 |
| RTR | Rumble Res Limited | 0.32 | 19% | 1,284,769 | $168,043,882 |
| LCT | Living Cell Tech. | 0.013 | 18% | 2,930,183 | $14,139,001 |
| RCL | Readcloud | 0.2 | 18% | 787,500 | $20,360,037 |
| FLN | Freelancer Ltd | 0.305 | 17% | 229,429 | $117,317,748 |
| ARU | Arafura Resource Ltd | 0.34 | 17% | 12,846,483 | $500,125,754 |
| HAR | Haranga Resources | 0.205 | 17% | 541,900 | $7,317,454 |
| RNX | Renegade Exploration | 0.007 | 17% | 685,714 | $5,337,760 |
| EPX | Ept Global Limited | 0.064 | 16% | 126,249 | $10,003,499 |
| POL | Polymetals Resources | 0.18 | 16% | 297,645 | $6,383,317 |
| DC2 | Dctwo | 0.052 | 16% | 23,392 | $2,381,733 |
| HAL | Halo Technologies | 0.335 | 16% | 77,875 | $37,556,632 |
Flinders Mines (ASX:FMS) gained 32% on news that BBIG Group has pulled the plug on its farm-in agreement with FMS, which Flinders says is an opportunity for it to pursue “a more flexible and staged development of its Pilbara Iron Ore Project (PIOP) as sole owner”.
As Gregor Stronach gently pointed out, it looks like someone finally got around to reading AJ Lucas Group’s (ASX:AJL) results announcement from last week, as its price fired up 38%, and Cronos Australia (ASX:CAU) looks to be taking full advantage of market interest in cannabis products, up 20.65% yesterday for a 60.8% gain for the week.
Also up into double digits was TechGen Metals (ASX:TG1) which has inked a binding farm-in term sheet with Rio Tinto (ASX:RIO) over its Harbutt Range Project in WA’s Paterson Province.
The Paterson is host to several world-class operating mines such as the Nifty Copper Mine, the Telfer Gold-Copper Mine and more recent new discoveries including the Winu Copper-Gold deposit and Havieron Gold-Copper deposit.
Under the farm-in and joint venture, RIO may earn an 80% joint venture interest in the project by sole funding $3m of exploration within five years.
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 |
|---|---|---|---|---|---|
| AMS | Atomos | 0.185 | -26% | 11,888,199 | $55,587,896.25 |
| MME | Moneyme Limited | 0.515 | -25% | 3,343,561 | $164,114,585.94 |
| CGO | CPT Global Limited | 0.365 | -24% | 203,218 | $19,971,428.64 |
| AE1 | Aerison | 0.15 | -23% | 116,764 | $59,657,810.16 |
| FEX | Fenix Resources Ltd | 0.28 | -22% | 4,439,634 | $196,637,011.20 |
| MBX | Myfoodieboxlimited | 0.073 | -22% | 66,008 | $3,115,499.54 |
| SPN | Sparc Tech Ltd | 0.7 | -20% | 150,121 | $59,381,430.24 |
| OAR | OAR Resources Ltd | 0.004 | -20% | 7,135,636 | $10,855,189.49 |
| ROO | Roots Sustainable | 0.004 | -20% | 30,000 | $3,748,163.44 |
| HVM | Happy Valley | 0.039 | -19% | 92,000 | $10,201,418.21 |
| RD1 | Registry Direct | 0.014 | -18% | 1,809,865 | $7,106,754.89 |
| HIL | Hills Ltd | 0.066 | -18% | 2,208,518 | $18,558,842.08 |
| WFL | Wellfully Limited | 0.027 | -17% | 791,644 | $9,057,659.98 |
| AYM | Australia United Min | 0.005 | -17% | 322,000 | $11,055,464.91 |
| BDG | Black Dragon Gold | 0.04 | -17% | 199,634 | $9,632,162.64 |
| AL3 | Aml3D | 0.105 | -16% | 290,326 | $23,507,928.00 |
| SPT | Splitit | 0.16 | -16% | 4,716,771 | $89,569,226.39 |
| ICN | Icon Energy Limited | 0.016 | -16% | 1,100,000 | $14,340,629.81 |
| PBH | Pointsbet Holdings | 2.445 | -16% | 4,776,409 | $886,343,405.30 |
| DGL | DGL Group Limited | 1.5575 | -15% | 7,759,311 | $513,812,404.48 |
| BPP | Babylon Pump & Power | 0.006 | -14% | 6,342,283 | $17,204,399.40 |
| BRK | Brookside Energy Ltd | 0.012 | -14% | 12,261,782 | $70,171,820.59 |
| RNX | Renegade Exploration | 0.006 | -14% | 220,000 | $6,227,386.47 |
| SPX | Spenda Limited | 0.012 | -14% | 4,332,090 | $44,768,287.75 |
| YPB | YPB Group Ltd | 0.006 | -14% | 2,604,835 | $2,845,823.07 |
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