On Stockhead today, Rick Rule’s 3 gold picks for a 2023 recession, faecal transplants are clear for take-up, and 2 lithium IPOs go to war for US hearts and minds.

But first … the day ahead.

 

TRADING HALTS

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

Noronex (ASX:NRX) – How do you do, sir? (Cap Raise).

Tesoro Gold (ASX:TSO) – Very well! And you, sir? (Cap Raise).

Wiseway Group (ASX:WWG) – WWG wants to tell us all about a strategic acquisition of the same nature as the current business.

OZ Minerals (ASX:OZL) – And OZ Minerals has called a halt to proceedings ahead of info about a “potential change of control transaction”. Juicy stuff.

 

COMMODITY/ FOREX/ CRYPTO MARKET PRICES

Gold: $US1,773.98 (-0.24%)

Silver: $US21.543 (+0.03%)

Nickel (3mth): $US30,254/t

Copper (3mth): $US8,376.50/t

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 9): $US76,025/t (+1.7% weekly, +125.8% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 9): $US75,275/t (+1.9% weekly, +169.2% year-to-date)

Oil (WTI): $US86.463 (-0.53%)

Oil (Brent): $US93.4343 (-0.45%)

Iron 62pc Fe: $US97.00 (+0.00%)

AUD/USD: 0.67601 (+0.06%)

Bitcoin: $US16,856.48 (-10.49%)

 

WHAT GOT YOU TALKING YESTERDAY?

 

Niobium is the new critical mineral on the block:


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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).

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Athena Resources (ASX:AHN) unveiled assay results from infill drilling at its Byro Magnetite project of:

  • 103.6m at 70.9%Fe from 91.3m;
  • 59.6m at 71.3%Fe from 152.4m;
  • 39.2m at 70.5%Fe from 166.0m;
  • 79.0m at 70.8%Fe from 105.0m; and
  • 124.27m at 70.6%Fe from 62.0m.

The results also show FE Concentrate grades of up to 71.5 Fe%, magnetite in concentrate of up to 98.8%, (Fe3O4) and DTR Weight recoveries of up to 57.7%.

Then there was Bass Oil (ASX:BAS), which made a wee mistake on its discovery announcement at its operations in the Cooper Basin in South Australia.

Bass Oil informed the market that it’s found, and had independently confirmed, an in-place oil estimate totalling “845 billion barrels”, which would (if correct) be roughly four times the size of the entire resource that the Saudis are camped on top of.

Within seconds, Bass was trading a lot higher, and broke through $0.09 per share (+153%) before someone realised and checked the maths. 

The pause button was pressed at 11:08am.

Of course, it’s meant to be 845 million-with-an-M barrels – but that’s still a considerably big in-place estimate for a small explorer to get into. 

BAS issued a correction just before 12:00pm yesterday.

And Rectifier Technologies (ASX:RFT) soared after scoring a US$22 million order from i-charging mobilidade elétrica for a customised version of the RT22 charger module for i-charging’s blueberry range of DC Fast Charger.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

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