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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Guy Le Page’s Victorian gold pick, are you an average Australian investor, and the latest lithium explorers with big battery dreams.
But first … the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
3iQ CoinShares Bitcoin Feeder ETF – In a halt pending an announcement of some sort.
3iQ CoinShares Ether Feeder ETF – Samesies!
Jervois Global (ASX:JRV) – Equity raising.
Accelerate Resources (ASX:AX8) – Capital raising.
Elixir Energy (ASX:EXR) – Elixir’s got an announcement in connection with the contingent resource booking for its 100% owned Queensland asset ATP 2044.
iTech Minerals (ASX:ITM) – Capital raising.
West Cobar Metals (ASX:WC1) – Capital raising.
Structural Monitoring Systems (ASX:SMN) – Interesting news for SMN regarding a purchase order from a commercial airline.
COMMODITY/ FOREX/ CRYPTO MARKET PRICES
Gold: $US1,715.59 (+0.18%)
Silver: $US21.54 (+0.93%)
Nickel (3mth): $US24,012/t
Copper (3mth): $US8,115.50/t
Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 2): $US75,125/t (+2.7% weekly, +122% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 2): $US74,575/t (+2.4% weekly, +164.2% year-to-date)
Oil (WTI): $US88.468 (-0.50%)
Oil (Brent): $US94.640 (-0.76%)
Iron 62pc Fe: $US91.00 (+2.82%)
AUD/USD: 0.65121 (+0.16%)
Bitcoin: $US18,163.14(-8.01%)
WHAT GOT YOU TALKING YESTERDAY?
This crypto saga caught your eye yesterday:
How Sam Bankman-Fried lost US$15 billion and control of one of the world’s biggest crypto exchanges in under 24 hours. #crypto #FTXCRASH #FTX #Binance $FTT Stockhead > https://t.co/Iro25n2wUS pic.twitter.com/f1pA5eA78S
— Stockhead (@StockheadAU) November 9, 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 |
|---|---|---|---|---|---|
| TSC | Twenty Seven Co. Ltd | 0.002 | 100% | 6,552,488 | $5,321,628 |
| RNE | Renu Energy Ltd | 0.076 | 90% | 119,569,213 | $14,582,640 |
| G50 | Gold50Limited | 0.15 | 50% | 341,891 | $5,694,300 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | 15,985,740 | $23,693,441 |
| AO1 | Assetowl Limited | 0.0015 | 50% | 1,526,534 | $1,572,130 |
| ADV | Ardiden Ltd | 0.008 | 33% | 71,328,237 | $16,010,012 |
| AFW | Applyflow Limited | 0.002 | 33% | 510,000 | $4,436,412 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 4,377,905 | $23,463,861 |
| CFO | Cfoam Limited | 0.004 | 33% | 132,304 | $2,201,522 |
| SYN | Synergia Energy Ltd | 0.002 | 33% | 269,650 | $12,626,686 |
| AQI | Alicanto Min Ltd | 0.065 | 30% | 5,825,996 | $20,630,681 |
| FML | Focus Minerals Ltd | 0.195 | 26% | 291,095 | $44,416,590 |
| AQX | Alice Queen Ltd | 0.0025 | 25% | 1,917,000 | $4,400,500 |
| DW8 | DW8 Limited | 0.0025 | 25% | 9,055,584 | $5,903,045 |
| FAU | First Au Ltd | 0.005 | 25% | 100,000 | $3,725,644 |
| AM7 | Arcadia Minerals | 0.315 | 21% | 1,917,748 | $12,141,452 |
| AML | Aeon Metals Ltd. | 0.029 | 21% | 13,904,657 | $26,242,339 |
| EMU | EMU NL | 0.006 | 20% | 447,508 | $3,436,341 |
| GLV | Global Oil & Gas | 0.003 | 20% | 3,662,032 | $4,683,387 |
| MRQ | Mrg Metals Limited | 0.006 | 20% | 3,616,499 | $8,735,293 |
| ROG | Red Sky Energy. | 0.006 | 20% | 4,659,458 | $26,511,136 |
| PHL | Propell Holdings Ltd | 0.032 | 19% | 119 | $2,865,597 |
| ADN | Andromeda Metals Ltd | 0.046 | 18% | 14,329,997 | $121,290,329 |
| AAU | Antilles Gold Ltd | 0.041 | 17% | 572,524 | $14,552,449 |
| BGD | Bartongoldholdings | 0.175 | 17% | 572,596 | $12,893,883 |
ReNu Energy (ASX:RNE) has secured a $100 million investment from Australian health and community services dominated super fund HESTA for its Green Hydrogen Projects.
The fund has more than 950,000 members (over 80% are women) and manages over $68 billion in assets invested around the world.
The RNE Group will be responsible for delivery and operation of the Green Hydrogen Projects, will be entitled to a fee for originating and progressing Green Hydrogen Projects and will be responsible for securing debt and grant funding for the Green Hydrogen Projects.
HESTA will be provided a first right of refusal to invest in existing and new Green Hydrogen Projects.
Gold 50 (ASX:G50) has picked up the high-grade historic White Caps Mine in Nevada – which produced more than 125,000 ounces at circa 30g/t gold – for a sweet US$10m.
The plan is to integrate existing datasets and refine the geological model to effectively target the mineralisation before drill testing.
And another miner picking up projects is Alicanto Minerals (ASX:AQI) acquiring the historic Falun mine, adjacent to its existing Greater Falun project in Sweden – bringing its landholding to ~300sqkm in the mining district.
Falun was a monster in its day, producing 28Mt at 4% copper, 4g/t gold, 5% zinc, 2% lead and 35g/t silver over an estimated 1000 years but closed in 1992 amidst low commodity prices.
AQI says that despite its world class credentials, Falun has received little follow-up modern exploration since its closure. Its geologists are now poring over old mine data.
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 |
|---|---|---|---|---|---|
| LHM | Land Homes Grp Ltd | 0.006 | -57% | 1 | $14,691,450 |
| PRM | Prominence Energy | 0.001 | -50% | 8,884 | $4,849,218 |
| TAS | Tasman Resources Ltd | 0.011 | -27% | 9,531,577 | $10,067,289 |
| CNJ | Conico Ltd | 0.0085 | -23% | 58,805,962 | $16,004,649 |
| EPX | Ept Global Limited | 0.036 | -22% | 1 | $8,366,563 |
| CLE | Cyclone Metals | 0.002 | -20% | 55,962,696 | $15,291,842 |
| TKM | Trek Metals Ltd | 0.11 | -19% | 13,205,334 | $42,579,335 |
| 99L | 99 Loyalty Ltd. | 0.015 | -17% | 95,798 | $20,874,290 |
| KZA | Kazia Therapeutics | 0.105 | -16% | 894,337 | $20,426,122 |
| BEZ | Besragoldinc | 0.034 | -15% | 119,386 | $10,084,549 |
| AEV | Avenira Limited | 0.018 | -14% | 10,659,330 | $25,809,348 |
| LNU | Linius Tech Limited | 0.003 | -14% | 1,500,000 | $8,440,365 |
| NUH | Nuheara Limited | 0.275 | -14% | 636,540 | $43,902,504 |
| VTI | Vision Tech Inc | 0.22 | -14% | 6,000 | $6,273,381 |
| BML | Boab Metals Ltd | 0.3 | -13% | 1,525,133 | $52,955,267 |
| HCT | Holista CollTech Ltd | 0.027 | -13% | 22,000 | $8,642,802 |
| ANX | Anax Metals Ltd | 0.056 | -13% | 2,610,987 | $25,960,202 |
| AUK | Aumake Limited | 0.0035 | -13% | 2,894,000 | $3,085,788 |
| CAD | Caeneus Minerals | 0.0035 | -13% | 48,000 | $21,382,420 |
| RNT | Rent.Com.Au Limited | 0.035 | -13% | 500,461 | $17,627,680 |
| FG1 | Flynngold | 0.11 | -12% | 37,802 | $8,007,631 |
| HMY | Harmoney Corp Ltd | 0.5375 | -12% | 34,191 | $61,948,908 |
| WTL | Wt Financial Grp Ltd | 0.075 | -12% | 96,200 | $27,810,799 |
| ECG | Ecargo Hldg | 0.015 | -12% | 29,905 | $10,459,250 |
Tasman Resources (ASX:TAS) was the biggest loser, after announcing the restructuring of the US operations of Eden Innovations – which it holds 28.40% of through subsidiary Noble Energy.
Eden makes the high performance concrete admixture EdenCrete but is trying to reduce operating costs by letting a a bunch of its workforce go, but says it will still maintain full production capabilities.
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