On Stockhead today,  Guy Le Page is hunting deep value gold in Africa, coal stocks that won 2022, and a new trade deal looks good for ASX battery metals in Chile.

But first, the day ahead.

The US Securities and Exchange Commission (SEC) has charged Samuel Bankman-Fried overnight with defrauding a stack of crypto investors out of a stack of money from his self-immolating Asset Trading Platform FTX.

“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” said SEC Chair Gary Gensler.

And that’s just a taste of the SEC fury.

“The defendant concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors,” the SEC wrote.

Bankman-Fried, the disgraced founder of the ex-cryptocurrency exchange FTX, has already gotten himself arrested – in the home of trustworthy financiers – the Bahamas, after US prosecutors filed criminal charges against the crypto entrepreneur just hours ahead of his expected testimony at a special hearing of the US House committee on financial services.

SBF was due to ‘virtually’ provide some further colour around the collapse of FTX, the cryptocurrency exchange he founded.

Bitcoin has risen on the news.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas. That’s where our own Robert The Good Badman is running the books on SBF and so much more.

TRADING HALTS

The following stocks went into trading halts yesterday and are expected out in the coming days:

Classic Minerals (ASX:CLZ) – pending a funding announcement.

Pan Asia Metals (ASX:PAM) – pending an announcement about a business update.

Flynn Gold (ASX:FG1) – capital raising.

C29 Metals (ASX:C29) – capital raising.

Asra Minerals (ASX:ASR) – capital raising.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,787.49 (+0.36%)

Silver: $US23.39 (+0.40%)

Nickel (3mth): $US29,2725/t (-5.46%)

Copper (3mth): $US8,543.00/t (+1.02%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 7): $US81,375/t (+0.0% weekly, +127.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 7): $US80,725/t (+0.0% weekly, +171.4% year-to-date)

Oil (WTI): $US73.53 (+0.36%)

Oil (Brent): $US78.47 (-0.48%)

Iron 62pc Fe: $US111.50 (+1.36%)

AUD/USD: 0.6772 (-0.11%)

Bitcoin: $US17,442.50 (+1.33%)

 

WHAT GOT YOU TALKING YESTERDAY?

The game is on:

 

ASX SMALL CAP LEADERS

Here are yesterday’s best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

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The biggest winner was Doctor Care Anywhere (ASX:DOC), the medtech revealing a super four-year, £10,000,000 (that’s $18,169,511.59 – yeah, we’re pretty damn exact) loan agreement with AXA PPP Healthcare Group.

AXA is DOC’s major partner and its primary source of revenue. Here’s chairman Richard Dammery saying:

“The agreements announced today obviously increase DCA’s dependence on AXA, and enhance AXA’s rights in relation to the company, but they also ensure that the company can continue to develop innovative healthcare pathways into 2023 and beyond.”

Dammery says the loan will be used for working capital.

Elsewhere it was Sierra Nevada Gold (ASX:SNX), which listed on he ASX back in May,  that hit 26.7g/t gold over ~1m in maiden drilling at the New Pass gold project in Nevada, USA.

It’s an intersection 80m down dip beneath the deepest previously mined high-grade vein position the Superior Level 4 which itself is 90m below surface.

The company on Tuesday said the results speak to a “significant high-grade gold vein system.”

 

ASX SMALL CAP LAGGARDS

Here are yesterday’s worst performing ASX small cap stocks:

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