On Stockhead today, we check out the top ASX lithium names on trading platforms in ’22 and Morningstar’s Friday morning star Johannes Faul unpacks the secret retail wonders of 2023.
But first … the day ahead.
Last night, moments before the ASX announcements shop locked up for the night, the dual-listed Advanced Health Intelligence (ASX:AHI) (NASDAQ:AHI) released it’s already release – its probably called a reissued, but I don’t like short cuts – 2022 Annual Report.
The reason for the reissue of the 2022 Annual Report?
Well. It seems some more reliable Canadians (in this case accredited Canadian valuers) rebooted AHI’s fair value cut of their investment in Triage Technologies Inc. as at 30 June 2022.
Rather than read the whole reissue, here’s the good bits for AHI which matter:
- Investments up by $2,565,082
- Impairment down by $2,565,082
- The loss down by $2,565,082; and
- Net assets up by $2,565,082
You may as well add them to your upbeat and promising list of small cappies to watch and life things I need to achieve on Friday list.
We know you got one.
TRADING HALTS
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.
COMMODITY/ FOREX/ CRYPTO MARKET PRICES
Gold: $US1,780.04 (-1.49%)
Silver: $US23.268 (-2.63%)
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): $US76.365 (-1.11%)
Oil (Brent): $US81.98 (-0.93%)
Iron 62pc Fe: $US110.00(-0.45%)
AUD/USD: 0.67123(−2.21%)
Bitcoin: $US17,450.70 (-1.99%)
WHAT GOT YOU TALKING YESTERDAY?
Unsurprisingly, the intrepid Reuben Adams dug some of these nuggets up and out them on Twitter.
I swear. If the man was a vanadium deposit, he’d be world class.
So please, dear reader, please – Twitter remains useful, despite its thinning headcount and potential dessication at the hands of Elon M – so use it to learn stuff from us and make some snappy comments on the Stockhead coverage driven by the big names of small finance – world beaters like Reuben, Josh, Emma and Jess.
The rest of our guys are just making up the numbers really.
Follow our Twitter page. Say something to us.
I’m lonely and just making up the numbers.
For all you crypto lovers, go get some Badman at 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 Eddy Sunarto’s relentless work on whatever just happened overnight in his ‘Market Highlights and 5 ASX small caps to watch’, (we’re working on the name, but it does get to the point).
Then at 10.30am, you can be half an hour late for for our daily ‘10 at 10’ column where usually Nadine McGrath, Stockhead’s best person on a moral philosophy basis — smashes out a live summary of winners & losers from the opening bell, naturally without judgement, or favour.
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 |
|---|---|---|---|---|---|
| MEB | Medibio Limited | 0.002 | 100% | 2,102,991 | $3,320,594 |
| PUR | Pursuit Minerals | 0.019 | 58% | 79,884,184 | $11,978,150 |
| ARE | Argonaut Resources | 0.002 | 33% | 513,590 | $9,542,807 |
| PXX | Polarx Limited | 0.013 | 30% | 18,120,427 | $10,563,663 |
| TKL | Traka Resources | 0.009 | 29% | 1,888,277 | $4,821,422 |
| AMD | Arrow Minerals | 0.005 | 25% | 480,000 | $8,135,060 |
| PNX | PNX Metals Limited | 0.005 | 25% | 2,000,399 | $17,776,231 |
| ROG | Red Sky Energy. | 0.005 | 25% | 469,056 | $21,208,909 |
| HXL | Hexima | 0.023 | 21% | 283,125 | $3,173,753 |
| B4P | Beforepay Group | 0.48 | 20% | 99,497 | $13,931,687 |
| PAB | Patrys Limited | 0.031 | 19% | 21,589,385 | $53,481,994 |
| NGS | NGS Ltd | 0.05 | 19% | 130,893 | $6,228,913 |
| ARU | Arafura Rare Earths | 0.5275 | 19% | 33,922,803 | $884,019,973 |
| PGM | Platina Resources | 0.02 | 18% | 1,071,469 | $10,594,066 |
| AQI | Alicanto Min Ltd | 0.055 | 17% | 207,606 | $20,901,540 |
| ATU | Atrum Coal Ltd | 0.007 | 17% | 578,203 | $8,350,195 |
| AVW | Avira Resources Ltd | 0.0035 | 17% | 150,000 | $6,401,370 |
| CRB | Carbine Resources | 0.014 | 17% | 186,000 | $3,783,306 |
| MOB | Mobilicom Ltd | 0.007 | 17% | 468,533 | $7,987,678 |
| MKL | Mighty Kingdom Ltd | 0.029 | 16% | 872,167 | $3,853,570 |
| CLT | Cellnet Group | 0.03 | 15% | 33,666 | $6,333,460 |
| FHS | Freehill Mining Ltd. | 0.008 | 14% | 662,499 | $13,487,942 |
| HVY | Heavymineralslimited | 0.12 | 14% | 42,382 | $4,051,452 |
| W2V | Way2Vatltd | 0.024 | 14% | 337,458 | $3,734,728 |
The dominant play on Thursday in small cap la la land was Peregrine Gold (ASX:PGD) which took flight like its namesakeafter a rock sampling program returned grades of up to 122,497g/t gold and 23,234g/t silver at Birdsnest, part of PGD Newman project in WA.
That’s equivalent to 120kg of gold for every tonne of dirt moved.
This style of mineralisation requires “precise surgical diamond drilling to resolve continuity in 3D or down plunge”, technical director George Merhi says.
“It is very rare for a greenfield exploration program in WA to encounter mineralisation of this nature sitting undisturbed at surface,” he says.
Diamond drilling at both Birdsnest and Peninsula will start in Q1 2023.
And family-focussed social media platform Tiny Beans (ASX:TNY) announced its outlook for 2023 is pretty bloody good, and should see the company turn cash-flow positive a full six months earlier than they’d expected to.
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 |
|---|---|---|---|---|---|
| TD1 | Tali Digital Limited | 0.002 | -33% | 19,339,860 | $4,252,575 |
| TAR | Taruga Minerals | 0.027 | -23% | 13,774,954 | $24,429,687 |
| IMB | Intelligent Monitor | 0.13 | -21% | 81,802 | $21,565,549 |
| AQX | Alice Queen Ltd | 0.002 | -20% | 250,000 | $5,500,625 |
| IRX | Inhalerx Limited | 0.053 | -20% | 211,480 | $12,359,619 |
| LER | Leaf Res Ltd | 0.017 | -19% | 970,447 | $24,277,739 |
| MBX | Myfoodieboxlimited | 0.031 | -18% | 408,839 | $1,273,000 |
| LNR | Lanthanein Resources | 0.024 | -17% | 48,939,126 | $27,921,942 |
| CHK | Cohiba Min Ltd | 0.005 | -17% | 5,610,000 | $9,765,965 |
| EDE | Eden Inv Ltd | 0.005 | -17% | 120,537 | $16,267,374 |
| MTL | Mantle Minerals Ltd | 0.0025 | -17% | 2,980,515 | $16,036,815 |
| RR1 | Reach Resources Ltd | 0.005 | -17% | 35,680,725 | $11,460,304 |
| LAW | Lawfinance Ltd | 0.056 | -16% | 254,213 | $4,279,133 |
| GCX | GCX Metals Limited | 0.038 | -16% | 13,500 | $8,360,041 |
| BUS | Bubalusresources | 0.17 | -15% | 94,125 | $5,409,235 |
| NRX | Noronex Limited | 0.029 | -15% | 2,989,426 | $8,122,702 |
| HYT | Hyterra Ltd | 0.018 | -14% | 4,951,204 | $10,113,572 |
| TMH | The Market Herald | 0.36 | -14% | 16,300 | $115,100,164 |
| ATM | Aneka Tambang | 0.9 | -14% | 1,011 | $1,368,831 |
| BUR | Burleyminerals | 0.24 | -14% | 162,003 | $9,610,454 |
| MTH | Mithril Resources | 0.003 | -14% | 500,000 | $11,420,816 |
| VGL | Vista Group Int Ltd | 1.245 | -14% | 3,233 | $335,796,614 |
| BVR | Bellavistaresources | 0.225 | -13% | 474,022 | $9,489,353 |
| HRE | Heavy Rare Earths | 0.13 | -13% | 359,299 | $8,923,190 |
| MAY | Melbana Energy Ltd | 0.06 | -13% | 25,007,671 | $232,544,083 |