On Stockhead today, the ASX biotechs hitting their Phase III straps, Guy Le Page’s graphite pick and why boring bonds are actually bonza.

But first … the day ahead.

 

TRADING HALTS

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

Anatara Lifesciences (ASX:ANR) – Capital Raise

Bowen Coking Coal (ASX:BCB) – Capital Raise

Roots Sustainable Agricultural Technologies (ASX:ROO) – Capital Raise

Novonix (ASX:NVX) – Announcement pending about a material funding arrangement

Odin Metals (ASX:ODM) – Capital Raise

Calix (ASX:CXL) – Capital Raise

Medibank Private (ASX:MPL) – Medibank’s juuuust about ready to make another announcement about a recent “cyber incident”.

Toys’R’Us ANZ (ASX:TOY) – things are on hold to assist the Company in managing its continuous disclosure obligations pending the release of an announcement regarding a potential new commercial agreement.

 

COMMODITY/ FOREX/ CRYPTO MARKET PRICES

Gold: $US1,640.45 (-0.76%)

Silver: $US18.540 (-1.17%)

Nickel (3mth): $US21,876/t

Copper (3mth): $US7,421/t

Lithium Carbonate, China (Benchmark Minerals Intelligence, OCT 12): $US72,200/t (+108.2% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, OCT 12): $US71,850/t (+146.9% year-to-date)

Oil (WTI): $US83.513 (+0.84%)

Oil (Brent): $US90.60 (+0.63%)

Iron 62pc Fe: $US95.00 (+0.00%)

AUD/USD: 0.63033 (-0.11%)

Bitcoin: $US19,235.64 (-1.56%)

 

WHAT GOT YOU TALKING YESTERDAY?

This week’s MoneyTalks column caught your eye:


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
AFW Applyflow Limited 0.002 100% 1,042,488 $2,957,608
ANL Amani Gold Ltd 0.0015 50% 348,500 $23,693,441
AZS Azure Minerals 0.3 40% 3,275,415 $66,808,180
DEL Delorean Corporation 0.088 35% 1,555,575 $14,021,859
TOY Toys R Us 0.062 35% 4,442,167 $39,645,614
WBE Whitebark Energy 0.002 33% 3,150,000 $9,697,329
FAU First Au Ltd 0.005 25% 2,218,082 $3,725,644
TGM Theta Gold Mines Ltd 0.08 25% 382,080 $37,555,965
1CG One Click Group Ltd 0.016 23% 4,522,255 $7,707,154
SW1 Swift Networks Group 0.016 23% 737,144 $7,679,705
LPD Lepidico Ltd 0.022 22% 25,042,131 $118,479,442
MYG Mayfield Group Ltd 0.3 20% 15,000 $22,646,474
VTI Vision Tech Inc 0.27 20% 15,700 $5,535,336
ADR Adherium Ltd 0.006 20% 70,000 $12,809,249
DDT DataDot Technology 0.006 20% 83,333 $6,219,347
GED Golden Deeps 0.014 17% 19,019,317 $13,862,721
IG6 International Graphite 0.33 16% 147,826 $25,076,611
AKN Auking Mining Ltd 0.11 16% 7,558,394 $9,469,088
VRS Veris Ltd 0.09 15% 510,111 $40,852,458
DLT Delta Drone Intl Ltd 0.015 15% 723,543 $3,898,522
AUN Aurumin 0.092 15% 181,332 $10,024,571
1AE Aurora Energy Metals 0.195 15% 42,459 $20,299,844
BLG Bluglass Limited 0.039 15% 1,978,243 $43,476,062
CFO Cfoam Limited 0.004 14% 25,000 $2,568,442
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Mark Creasy-backed explorer Azure Minerals (ASX:AZS) picked up lithium in rock chips grading up to 3.32% at Andover, the Pilbara project best known for its namesake 75,000t (and growing) nickel-copper-cobalt discovery.

While developing this resource remains the focus, a lithium leg is certainly welcome with a drilling program being planned.

“The latest batch of assays returned high grades of lithium up to 3.32% Li2O, which is the highest lithium grade reported to date,” MD Tony Rovira said.

“Encouragingly, our geological mapping is identifying the presence of the preferred lithium-bearing mineral, spodumene, in many of the outcropping pegmatites.

“We’re planning for the first drilling program to target the pegmatites and will commence as soon as we have received the necessary approvals.

“The lithium exploration continues in parallel with our Ni-Cu-Co exploration where drilling is currently in progress on the Seaview and Pipeline prospects.”

Then there’s green energy player Delorean Corporation (ASX:DEL) which is forming a multi-project development funding partnership worth up to $200m with Palisade Impact.

“The partnership makes perfect sense for both Delorean and Palisade Impact. Palisade is a major Australian infrastructure investor which understands the bioenergy sector and has a solid track record backing winners and delivering solid investor returns and Delorean’s status as an award-winning ESG-focussed pioneer of the sector is a neat fit for its impact fund,” MD Joe Oliver said.

And worth a mention is Toys R Us (ASX:TOY) which got a speeding ticket from the ASX and then went into a trading halt to “assist the Company in managing its continuous disclosure obligations pending the release of an announcement regarding a potential new commercial agreement”, according to an ASX announcement this afternoon.

A prolonged, sharp spike in price over the past week saw the company rise 195.2% (34.7% today alone), after a weighty buy-in by Tiga Trading, aka Thorney Technologies, aka Alex Waislitz.

 

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
JAV Javelin Minerals Ltd 0.001 -33% 251,000 $14,181,229.16
BFC Beston Global Ltd 0.045 -27% 8,608,455 $53,833,438.62
MP1 Megaport Limited 6.61 -22% 7,251,723 $1,342,821,826.35
LLO Lion One Metals Ltd 0.76 -20% 47,002 $10,508,658.70
GES Genesis Resources 0.008 -20% 50,000 $7,828,412.94
PXX Polarx Limited 0.008 -20% 3,242,110 $8,991,010.93
SIH Sihayo Gold Limited 0.002 -20% 19,411,977 $15,255,320.23
SRK Strike Resources 0.115 -18% 5,932,878 $37,800,000.00
PVL Powerhouse Ven Ltd 0.05 -17% 504,429 $7,244,590.56
AXP AXP Energy Ltd 0.005 -17% 208,050 $34,873,084.04
DMG Dragon Mountain Gold 0.01 -17% 500,091 $4,724,059.98
GLV Global Oil & Gas 0.0025 -17% 370,709 $5,620,064.12
SI6 SI6 Metals Limited 0.005 -17% 1,410,330 $8,929,134.47
CBL Control Bionics 0.155 -16% 20,000 $9,311,217.61
PFE Pantera Minerals 0.105 -16% 60,935 $6,437,640.00
CVV Caravel Minerals Ltd 0.195 -15% 954,982 $96,412,405.79
ARO Astro Resources NL 0.003 -14% 2,975,000 $17,126,434.34
CMD Cassius Mining Ltd 0.03 -14% 204,623 $14,130,931.61
CRB Carbine Resources 0.013 -13% 5,400 $4,729,133.03
CYQ Cycliq Group Ltd 0.007 -13% 1,631,050 $2,780,133.26
M8S M8 Sustainable 0.007 -13% 225,000 $3,927,267.85
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South Aussie dairy company Beston Global (ASX:BFC) announced a capital raising that didn’t go down too well. The company is raising ~28m at 2.5c per share – a massive 60.4% discount to the 5-day VWAP of 6.3c.

And IT interconnection services company Megaport (ASX:MP1) was also in the losers column despite reporting solid Q1 Monthly Recurring Revenue (MRR) growth of 9% QoQ, up $913k to $11.6m in September.

Total revenue for the quarter was $33.7m, up 10% compared to the last quarter. Annualised recurring revenue at 30 September was $139m.

Harsh.
 

 

 

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