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

On Stockhead today, Steve Promnitz on whether he can make QX another Lake, our pet day trader ekes out a living, and a big week ahead for the data poindexters.

But first … the day ahead.

TRADING HALTS

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

Duratec (ASX:DUR) – pending a material acquisition.

Metgasco (ASX:MEL) – pending a proposed cap raising.

NickelX (ASX:NKL) – another cap raising.

Alchemy Resources (ASX:ALY) – and another cap raising.

Kingsland Minerals (ASX:KNG) – oooh assay results pending from the Allamber Uranium project in the Northern Territory.

BPH Energy (ASX:BPH) – capital raising pending.

Nagambie Resources (ASX:NAG) – and finally, a capital raising.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,711.97 (+0.07%)

Silver: $US20.791 (+0.68%)

Nickel (3mth): $US22,782/t

Copper (3mth): $US7,607.50/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): $US88.445 (-0.01%)

Iron 62pc Fe: $US94.277 (-0.15%)

AUD/USD: 0.64074 (-0.07%)

Bitcoin: $US19,975.47 (-1.63%)

WHAT GOT YOU TALKING LAST WEEK?

Our rare earths V-Con got your attention.

Rare Earths – the ASX players looking to grab a piece of the rare earths pie 📈 We speak with a handful of companies making waves in the sector @ARULtd $ARU, @IONIC_RE $IXR, @Lanthanein_ASX $LNR, @rarex_asx $REE, @GEMS_ISV $GEMS, @MtRidley_Mines $MRD https://t.co/h9aI5tAKEX

— Stockhead (@StockheadAU) October 6, 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.

LAST WEEK’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	% TODAY	VOLUME	MARKET CAP
C29	C29Metalslimited	0.31	107%	21,553,860	$4,500,094
ANL	Amani Gold Ltd	0.0015	50%	3,353,046	$23,693,441
MEB	Medibio Limited	0.0015	50%	311,028	$3,320,594
IHR	intelliHR Limited	0.082	30%	142,073	$21,419,440
AHK	Ark Mines Limited	0.295	28%	460,815	$7,937,324
PHL	Propell Holdings Ltd	0.041	28%	125,000	$3,396,263
FIN	FIN Resources Ltd	0.024	26%	186,334	$10,630,116
WZR	Wisr Ltd	0.0645	24%	3,946,533	$70,522,646
NYR	Nyrada Inc.	0.165	22%	83,103	$21,061,175
MAP	Microbalifesciences	0.17	21%	44,558	$31,685,736
IMB	Intelligent Monitor	0.145	21%	125,808	$15,684,035
BTR	Brightstar Resources	0.018	20%	564,428	$10,147,464
RB6	Rubixresources	0.15	20%	536,674	$3,381,250
HLX	Helix Resources	0.006	20%	1,142,373	$11,615,729
ROG	Red Sky Energy.	0.006	20%	1,599,300	$26,511,136
BLZ	Blaze Minerals Ltd	0.019	19%	325,000	$5,880,132
TBA	Tombola Gold Ltd	0.033	18%	1,159,380	$30,573,557
REZ	Resourc & En Grp Ltd	0.02	18%	205,751	$8,496,698
HMI	Hiremii	0.055	17%	25,000	$4,975,756
LME	Limeade Inc.	0.14	17%	155,940	$30,677,953
VMC	Venus Metals Cor Ltd	0.14	17%	30,890	$19,209,442
AUH	Austchina Holdings	0.007	17%	152,000	$12,220,996
CLE	Cyclone Metals	0.0035	17%	59,766,146	$18,350,211
IPT	Impact Minerals	0.007	17%	396,997	$14,888,223
MM8	Medallion Metals.	0.18	16%	30,000	$21,693,034

Forrestania Resources (ASX:FRS) accepted binding commitments for a Placement of 18.0 million shares at an issue price of $0.15 per share to raise $2.7 million and fund lithium drilling and exploration at its flagship project in WA.

CEO Angus Thomson says its an “exciting development for the company” and underpins their belief in the project as a Tier 1 lithium exploration project.

“The funding allows the company to continue with exploration programs that are focused on advancing our pipeline of lithium targets to drill testing,” he said.

“This is an exciting time as we move towards lithium focused drill programs and our ongoing soil sampling programs to refine existing anomalies and identify new areas to explore”.

Emperor Energy (ASX:EMP) executed an MoU with Cooper Energy (ASX:COE) a southeast Australian exploration and production company with processing capabilities at the Athena Gas Plant and Orbost Gas Processing Plant.

The plan is to look at potentially using the plant and adjacent sites, for the processing and transfer of gas from a development of the Judith Gas Field, which is around 40km offshore to the south.

And Odessa Minerals (ASX:ODE) is exercising its exclusive option to acquire a 148km2 exploration licence from Historic Gold Mines which holds “considerable potential for the discovery of lithium pegmatites and rare earth element carbonatites.”

LAST WEEK’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
CNJ	Conico Ltd	0.02	-50%	106,580,363	$58,198,724
GSR	Greenstone Resources	0.037	-45%	44,301,646	$70,581,397
ANL	Amani Gold Ltd	0.001	-33%	1,001,327	$35,540,162
TAS	Tasman Resources Ltd	0.014	-26%	2,188,636	$12,751,899
WBE	Whitebark Energy	0.0015	-25%	1,700,000	$12,929,772
NTL	New Talisman Gold	0.002	-20%	167,333	$7,818,063
MXO	Motio Ltd	0.033	-18%	310,938	$10,304,086
LME	Limeade Inc.	0.125	-17%	185,044	$38,323,638
OPN	Oppenneg	0.1	-17%	227,170	$17,668,573
PCL	Pancontinental Energ	0.005	-17%	66,467,646	$45,325,337
UCM	Uscom Limited	0.065	-17%	225,898	$15,493,599
GAL	Galileo Mining Ltd	1.21	-17%	3,195,998	$286,241,977
FOS	FOS Capital Ltd	0.19	-16%	20,000	$2,993,881
BEX	Bikeexchange Ltd	0.017	-15%	877,331	$10,096,407
PAR	Paradigm Bio.	1.665	-14%	963,880	$539,651,702
REM	Remsensetechnologies	0.16	-14%	8,390	$6,086,329
AOA	Ausmon Resorces	0.007	-13%	30,000	$6,858,315
EMU	EMU NL	0.007	-13%	3,029,231	$4,398,516
AQC	Auspaccoal Ltd	0.35	-13%	482,482	$21,193,924
DCG	Decmil Group Limited	0.18	-12%	281,029	$31,859,867
GRE	Greentechmetals	0.15	-12%	111,743	$5,317,600
BEZ	Besragoldinc	0.031	-11%	378,306	$8,435,092
TLG	Talga Group Ltd	1.175	-11%	2,140,768	$404,091,238
AGC	AGC Ltd	0.064	-11%	39,230	$4,876,364
CAD	Caeneus Minerals	0.004	-11%	82,728,954	$24,055,223

Conico (ASX:CNJ) and Greenstone Resources (ASX:GSR) returned less-specky-than-expected assays from their Mt Thirsty joint venture but they say drilling intercepted highly anomalous PGE mineralisation, and there’s still some drilling to go.