On Stockhead today, tech stocks have been frappé’d pretty bad in ’22, but buying banks is de rigueur , so our Eddy Sunarto asks: if it’s the fin for Fintech why does it feel like the fun is just starting? And, well, ’tis the season – so Saxo is back with the annual pre-Xmas 10 Outrageous Predictions for the coming year.

But first … the day ahead.

And there’s suddenly a lot more runs on the Board at Mineral Resources (ASX:MIN) this morning, after selecting former Australian test cricket gun, ex-grouchy national coach and awesomely proud West Australian, Justin Langer AM, to open a new innings on the MinRes Board as an Independent Non-Executive Director from 1 January 2023, when the New Year’s test for the Aussie digger begins.

MinRes’ Chairman, James McClements reckons finding a ‘breadth of expertise and knowledge’ is among the keys to the company’s success. Langer certainly has at least one of those.

“Justin’s outstanding leadership experience will further enhance our focus on people and culture, which is critical… the Board is now well-equipped to address the opportunities that lay ahead for our business.”


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

RMA Global (ASX:RMY) – Capital Raise.

Global Lithium Resources (ASX:GL1) – Resource update for the Manna and Marble Bar Lithium Projects.

Strike Resources (ASX:SRK) – Capital Raise.

Caprice Resources (ASX:CRS) – Acquisition and Capital Raise.

Nex Metals Exploration (ASX:NME) – Pending announcement with respect to review of responses by Nex to the ASX.

Intra Energy Corporation (ASX:IEC) – Capital Raise.



Gold: $US1,809.04 (-0.07%)

Silver: $US23.692 (-0.15%)

Nickel (3mth): $US28,287/t

Copper (3mth): $US8,497/t

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): $US75.294 (-0.13%)

Oil (Brent): $US80.400 (-0.35%)

Iron 62pc Fe: $US110.50 (-2.64%)

AUD/USD: 0.68518 (-0.03%)

Bitcoin: $US17,793.04 (+3.78%)




All eyes were on ASX battery metals stocks in Chile:

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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.



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

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The biggest winner was Pursuit Minerals (ASX:PUR) following an agreement to acquire Argentina-focused lithium company, Trilogy Minerals.

Trilogy holds the rights to acquire over 9,233ha at the Rio Grande Sur Project, which hosts an inferred resource of 2.1Mt LCE at an average grade of 370mg/Li to a depth of 100m.

It is currently in the process of undertaking a capital raising through the issue of convertible notes to raise $8m which will complete prior to the end of December 2022.

Funds raised through the Trilogy Class B Notes will be used to exercise options over tenements 1, 2 3 and 4 and these tenements will be owned prior to settlement of the acquisition with Pursuit.

Pursuit managing director Bob Affleck says the acquisition creates a clear de-risked pathway to potential project development.

“The acquisition of Trilogy will see Pursuit expand its operations to become an emerging lithium exploration company with resources in a highly prospective lithium-rich region,” he said. 

“With lithium prices in excess of $85,000 a tonne, Pursuit is well placed to take advantage of one of the world’s most sought-after battery minerals.” 



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

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