Rise and Shine: What you need to know before the ASX opens

On Stockhead today, a copper play that won’t disappoint, Greenwing on that huge Nio deal, and how to make money off people losing money.

But first … the day ahead.

TRADING HALTS

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

Apollo Tourism & Leisure (ASX: ATL) – Pending an announcement regarding the Australian Competition and Consumer Commission’s (ACCC’s) decision on the proposed merger with Tourism Holdings expected to be released on Thursday. (That’s today.)

Ragnar Metals (ASX:RAG) – Pending a significant announcement in relation to exploration results from the Swedish drilling program.

Bubs (ASX: BUB) – Pending an announcement by Bubs regarding a new joint venture arrangement for the manufacture and distribution of Bubs’ branded products in China. Yeah, the HUG/BUB thing.

AJ Lucas Group (ASX:AJL) – Pending capital raise

COMMODITY/ FOREX/ CRYPTO MARKET PRICES

Gold: $US1,616.86 (-0.73%)

Silver: $US18.037(-2.13%)

Nickel (3mth): $US21,858/t

Copper (3mth): $US7,353/t

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t (+98.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 14): $US70,550/t (+135.6% year-to-date)

Oil (WTI): $US77.00 (-1.90%)

Oil (Brent): $US84.516(-0.63%)

Iron 62pc Fe: $US104.50 (-2.06%)

AUD/USD: 0.63747 (-0.88%)

Bitcoin: $US18,754.02 (+7.35%)

WHAT GOT YOU TALKING YESTERDAY?

Piedmont Lithium (PLL)-backed freshly listed Atlantic Lithium (ASX:A11) has pencilled in first production for Q3 2024 for the Ewoyaa project in Ghana.

Ground Breakers: Partners Piedmont and Atlantic continue to gain on lithium PFS results Stockhead #Chargingthechange #ALL $A11 $PLL $ALLIF #ASX #Ghana #Lithium ⁦@PLLKeith⁩ @AtlanticLithium⁩ ⁦@PiedmontLithium⁩ https://t.co/H1oXAIdzMh

— Amanda Harsas (@AmandaHarsas) September 28, 2022

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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.

Up well over a shonky 40% in early trade yesterday was Cogstate (ASX:CGS), a local medtech all about digital brain health assessments which caught the attention of the ASX highway patrol.

QX Resources (ASX:QXR)  gained ~54% on the announcement of Steve Promnitz as managing director, previously the managing director of advanced ltihium brine project developer Lake Resources (ASX:LKE).

Promnitz is known in the mining game for having secured the Kachi lithium assets for LKE back in 2016, taking the company from a mid-cap nobody to a near-term miner where most project financing is in place for its development.

And one of Nadine McGrath’s fascinations, Bubs Australia (ASX:BUB)  came screaming out of a trading halt into an overdue China deal – this one with Heilongjiang Ubeite Dairy Group (HUG).

HUG and BUB plan to make and flog BUB’s China-labelled goat infant formula and ultra-premium products in H2.

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.