On Stockhead today, the chartists’s guide to when BNPLs will be a Buy again, the lithium babies now booming, and why there’s still a bunch of upside in oil.

But first… the day ahead.

Local shares are set to open marginally lower today. At 8am AEST, the ASX 200 October futures contract is pointing down by just 2 points.

Listing at 12pm EST is Bubalus Resources (ASX:BUS) after IPOing at $5m at $0.20.

This explorer is focused on the exploration and development of manganese and rare earths projects in the NT and WA.

Projects include the Amadeus Project (prospective for manganese), the Coomarie Project (prospective for heavy rare earths), the Nolans East Project (prospective for light rare earths) and the Pargee Project (prospective for heavy rare earths).

And in the week ahead, the 11th Annual Australian Microcap Investment Conference is being held in Melbourne on the 18th and 19th of October. It’s an exciting opportunity to hear firsthand from the CEOs of Australia’s leading microcap companies.

AND Stockhead readers have an exclusive discount offer ($300 off the ticket actually) using the code: STOCKHEAD2022

TRADING HALTS

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

NIB Holdings (ASX:NHF) – NIB went into a halt this morning, and emerged from it as suddenly as it went in, on news that it’s trying to raise about $150 million.

Larvotto Resources (ASX:LRV) – Larvotto, fresh off the back of securing $3.4 million yesterday, is… doing a capital raise for some obscure reason. 

MAKO GOLD (ASX:MKG) – Mako is also launching a capital raise.

Botanix Pharmaceuticals (ASX:BOT) – Botanix is in a halt, ahead of results from a clinical trial, which should be out by the end of the week.

Australian Potash (ASX:APC) – APC is into a halt pending news of an acquisition.

 

COMMODITY/ FOREX/ CRYPTO MARKET PRICES

Gold: $US1,670.27 (+0.30%)

Silver: $US19.02 (-0.89%)

Nickel (3mth): $US22,780/t (+3.17%)

Copper (3mth): $US7,534/t (-0.82%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 28): $US70,925/t (+102% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 28): $US70,800/t (+139.9% year-to-date)

Oil (WTI): $US87.15(-2.46%)

Oil (Brent): $US92.45 (-1.96%)

Iron 62pc Fe: $US96.13(-0.87%)

AUD/USD: 0.6275 (+0.30%)

Bitcoin: $US19,147 (+0.52%)

 

WHAT GOT YOU TALKING YESTERDAY?

Novatti Payments is gearing up to launch an Aussie Dollar-backed stablecoin.

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 0.0015 50% 6,165,360 $15,102,574
JAV Javelin Minerals Ltd 0.0015 50% 1,337,644 $9,454,153
MEB Medibio Limited 0.0015 50% 693,980 $3,320,594
SGQ St George Min Ltd 0.059 48% 94,399,959 $28,000,712
CAD Caeneus Minerals 0.004 33% 550,752 $16,036,815
OLL Openlearning 0.036 29% 2,492,243 $6,002,763
MRL Mayur Resources Ltd 0.13 24% 208,199 $25,403,439
SHO Sportshero Ltd 0.026 24% 2,798,298 $11,965,682
AHQ Allegiance Coal Ltd 0.067 22% 2,637,732 $23,090,108
GME GME Resources Ltd 0.14 22% 1,082,423 $69,046,117
RB6 Rubixresources 0.14 22% 110,678 $3,110,750
AUK Aumake Limited 0.006 20% 1,731,792 $3,857,235
RMX Red Mount Min Ltd 0.006 20% 210,000 $8,211,819
YPB YPB Group Ltd 0.006 20% 793,576 $2,032,731
TKM Trek Metals Ltd 0.064 19% 726,160 $16,772,948
REC Rechargemetals 0.17 17% 49,870 $5,770,275
DCN Dacian Gold Ltd 0.1225 17% 4,945,301 $127,764,098
E33 East 33 Limited. 0.035 17% 28,580 $8,278,845
MEI Meteoric Resources 0.014 17% 370,773 $18,315,568
RNX Renegade Exploration 0.007 17% 1,245,151 $5,350,103
CYC Cyclopharm Limited 1.51 17% 38,364 $120,504,705
DRE Dreadnought Resources Ltd 0.1 16% 39,055,655 $261,657,885
GCX GCX Metals Limited 0.045 15% 261,802 $7,245,369
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It was all about resources companies yesterday, with Dreadnought Resources (ASX:DRE) in the lead after announcing assays have continued to confirm thick, high-grade REE mineralisation at Yin, within its Mangaroon Project in WA – including 24m at 2.57% TREO from surface.

“Yin continues to deliver exceptional REE results,” MD Dean Tuck said.

“With 84 of 120 holes reported, we remain on schedule to deliver our initial JORC resource at Yin in the December 2022 quarter. 

“Importantly this initial JORC Resource will only cover ~3km of the interpreted ~16km of strike of Yin.”

GME Resources (ASX:GME) is raising $4m via placement at 9.5c per share to go towards a definitive feasibility study (DFS) (the most advanced of all project studies) on the NiWest nickel-cobalt project in WA.

NiWest — next door to the largest nickel-cobalt operation in Australia, Glencore’s Murrin Murrin — will produce ~90,000 tonnes per annum of battery grade nickel and cobalt sulphate for the burgeoning electric vehicle market.

The placement follows a non-binding MOU announced Monday with global #5 carmaker Stellantis for future offtake.

Javelin Minerals (ASX:JAV) has uncovered 48 priority lithium and rare earths targets at the Mt Ida-Ida Valley project in WA, with drilling to kick off in the first half of 2023.

 

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
DAF Discovery Alaska Ltd 0.035 -44% 5,930,564 $13,902,551
ANL Amani Gold Ltd 0.001 -33% 417,000 $35,540,162
DDD 3D Resources Limited 0.0015 -25% 1,145,102 $8,863,744
GGX Gas2Grid Limited 0.0015 -25% 266,429 $8,116,204
CLE Cyclone Metals 0.002 -20% 1,228,905 $15,291,842
NTL New Talisman Gold 0.002 -20% 18,400 $7,818,063
SYN Synergia Energy Ltd 0.002 -20% 252,819 $21,044,477
MOZ Mosaic Brands Ltd 0.24 -19% 219,216 $31,731,064
AGD Austral Gold 0.037 -18% 48,302 $27,554,011
M24 Mamba Exploration 0.12 -17% 105,931 $6,115,375
LNYDA Laneway Res Ltd 0.2 -17% 55,770 $40,823,072
GLV Global Oil & Gas 0.0025 -17% 331,788 $5,620,064
NIM Nimyresourceslimited 0.255 -16% 359,670 $16,832,792
B4P Beforepay Group 0.35 -15% 22,199 $14,279,979
EDE Eden Inv Ltd 0.006 -14% 927,815 $18,978,603
GTG Genetic Technologies 0.003 -14% 3,200,000 $32,318,878
HLX Helix Resources 0.006 -14% 65,606,812 $16,262,021
RTG RTG Mining Inc. 0.043 -14% 1,348 $39,818,015
SGA Sarytogan 0.25 -14% 3,932,376 $17,895,071
FCT Firstwave Cloud Tech 0.05 -14% 10,000 $96,416,527
TBA Tombola Gold Ltd 0.025 -14% 4,098,011 $31,665,469
CAZ Cazaly Resources 0.032 -14% 3,504,677 $13,720,406
AUQ Alara Resources Ltd 0.033 -13% 251,397 $27,287,327
BUY Bounty Oil & Gas NL 0.007 -13% 1,664,864 $10,964,008
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Cazaly Resources (ASX:CAZ) has released an exploration update from an airborne electromagnetic (AEM) survey over its Ashburton project in WA’s Pilbara region, which has identified several anomalies within the three survey blocks.

Final results are due in the coming weeks.

 

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