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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, why Dave Flanagan thinks Guinea will be the next Pilbara, plastic that eats itself, and small caps acquisitions are the best acquisitions.
But first, the day ahead.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,203.03/oz (-0.79%)
Silver: US$25.45/oz (-0.62%)
Nickel (3mth): US$17,395/t (-2.67%)
Copper (3mth): US$8,976.50/t (-1.24%)
Oil (WTI): US$81.08 (-0.23%)
Oil (Brent): US$85.70 (-0.29%)
Iron 62pc Fe: US$108.50/t (0%)
AUD/USD: 0.6606 (+0.32%)
Bitcoin: US$66,839 (-0.23%)
TRADING HALTS
These stocks went into trading halts yesterday and are expected out in the coming days:
Gratifii (ASX:GTI) – capital raise
Electro Optic Systems (ASX:EOS) – capital raise
Pioneer Credit (ASX:PNC) – share placement to fund the acquisition of additional Purchased Debt Portfolios
ChemX Materials (ASX:CMX) – capital raise
Warriedar Resources (ASX:WA8) – capital raise
Sunshine Metals (ASX:SHN) – capital raise
Power Minerals (ASX:PNN) – capital raise and acquisition
WHAT GOT YOU TALKING YESTERDAY?
Gold stocks came to life as prices punched through another record high.
The All Gold index (XGD) added almost 4% as the major gold producers Evolution (4.5%), Northern Star (2.3%) and Newmont (up 3.6%) led the major winners.
gm: #gold broke $2,200 per ounce.
New all time high! pic.twitter.com/N31QFlCusz
— Jan Nieuwenhuijs (@JanGold_) March 21, 2024
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Also, be sure to check Stockhead at preopen each day for ‘Market Highlights and 5 ASX Small Caps to Watch’, and 10.40am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S SMALL CAP LEADERS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AOA | Ausmon Resorces | 0.003 | 50% | 350,000 | $2,117,999 |
| AXP | AXP Energy Ltd | 0.0015 | 50% | 8,566,842 | $5,824,681 |
| AYM | Australia United Min | 0.003 | 50% | 1,359,547 | $3,685,155 |
| SIH | Sihayo Gold Limited | 0.0015 | 50% | 250,000 | $12,204,256 |
| SIT | Site Group Int Ltd | 0.003 | 50% | 17,361 | $5,204,980 |
| SRL | Sunrise | 0.65 | 41% | 191,073 | $41,504,649 |
| GMN | Gold Mountain Ltd | 0.004 | 33% | 70,396,407 | $8,926,517 |
| LNU | Linius Tech Limited | 0.002 | 33% | 2,054,907 | $7,795,111 |
| CKA | Cokal Ltd | 0.093 | 31% | 1,936,458 | $76,605,378 |
| FRX | Flexiroam Limited | 0.022 | 29% | 1,940,003 | $11,230,322 |
| MRZ | Mont Royal Resources | 0.085 | 29% | 87,216 | $5,611,966 |
| CLZ | Classic Min Ltd | 0.018 | 29% | 6,541,657 | $3,609,224 |
| EXT | Excite Technology | 0.009 | 29% | 409,549 | $9,304,692 |
| CC9 | Chariot Corporation | 0.28 | 27% | 431,605 | $17,992,999 |
| NHE | Nobleheliumlimited | 0.115 | 25% | 3,042,976 | $33,678,602 |
| EFE | Eastern Resources | 0.01 | 25% | 27,373,251 | $9,935,572 |
| PRX | Prodigy Gold NL | 0.005 | 25% | 3,230,000 | $7,004,431 |
| TAS | Tasman Resources Ltd | 0.005 | 25% | 1,378,394 | $2,850,677 |
| GBE | Globe Metals &Mining | 0.043 | 23% | 259,199 | $23,655,366 |
| AKG | Academies Aus Grp | 0.245 | 23% | 4,004 | $26,522,893 |
| AUA | Audeara | 0.055 | 22% | 141,644 | $6,507,348 |
| ASM | Ausstratmaterials | 1.435 | 21% | 2,813,872 | $198,482,459 |
| LDR | Lode Resources | 0.085 | 20% | 360,697 | $7,581,674 |
| ILT | Iltani Resources Lim | 0.155 | 19% | 1,000 | $4,421,366 |
| LIS | Lisenergylimited | 0.155 | 19% | 562,322 | $83,226,030 |
Australian Strategic Materials (ASX:ASM) received a non-binding Letter of Interest from the Export-Import Bank of the United States for debt funding up to US$600m (A$923m) to build the Dubbo rare earths and critical minerals project.
It follows Export Finance Australia’s previous conditional finance support of A$200 million debt funding.
Ausmon Resources (ASX:AOA) returned “very encouraging” rare earths drill results from the Parrakie exploration license in South Australia.
Eastern Resources (ASX:EFE) returned several high grade lithium hits from drilling at its Lepidolite Hill project, including a highlight 11m at 2.27% Li2O from 49m (incl. 5m at 3.87% Li2O).
Indo coal stock Cokal (ASX:CKA) secured a 12-month revenue stream by chartering barges to “ensure continuous delivery” of its coal to market.
YESTERDAY’S SMALL CAP LAGGARDS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| OSX | Osteopore | 0.005 | -44% | 1,628,878 | $929,582 |
| SCT | Scout Security Ltd | 0.008 | -33% | 4,800 | $2,789,129 |
| AML | Aeon Metals Ltd. | 0.006 | -25% | 440,188 | $8,771,205 |
| CTN | Catalina Resources | 0.003 | -25% | 50,000 | $4,953,948 |
| LSR | Lodestar Minerals | 0.0015 | -25% | 1,023,160 | $4,046,795 |
| MRD | Mount Ridley Mines | 0.0015 | -25% | 1,019,608 | $15,569,766 |
| TTI | Traffic Technologies | 0.006 | -25% | 4,223,830 | $6,061,361 |
| IS3 | I Synergy Group Ltd | 0.007 | -22% | 138,326 | $2,736,723 |
| AU1 | The Agency Group Aus | 0.028 | -20% | 504,517 | $15,000,181 |
| NWF | Newfield Resources | 0.1 | -20% | 2 | $113,837,865 |
| 1CG | One Click Group Ltd | 0.008 | -20% | 65,590 | $6,881,788 |
| CAV | Carnavale Resources | 0.004 | -20% | 8,422,730 | $17,117,759 |
| HLX | Helix Resources | 0.004 | -20% | 27,401,991 | $11,615,729 |
| ME1 | Melodiol Glb Health | 0.004 | -20% | 186,397 | $1,964,980 |
| TMR | Tempus Resources Ltd | 0.004 | -20% | 375,000 | $3,654,994 |
| LIO | Lion Energy Limited | 0.029 | -19% | 2,313,101 | $15,731,199 |
| 1AI | Algorae Pharma | 0.009 | -18% | 3,119,529 | $18,274,877 |
| MXO | Motio Ltd | 0.023 | -18% | 168,651 | $7,509,554 |
| BEX | Bikeexchange Ltd | 0.35 | -18% | 14,147 | $7,921,279 |
| LRD | Lordresourceslimited | 0.063 | -17% | 1,992,318 | $2,822,041 |
| MHC | Manhattan Corp Ltd | 0.0025 | -17% | 438,453 | $8,810,939 |
| PNX | PNX Metals Limited | 0.005 | -17% | 27,189 | $32,283,748 |
| SIS | Simble Solutions | 0.005 | -17% | 570,000 | $4,194,234 |
| XST | Xstate Resources | 0.016 | -16% | 48,936 | $6,108,864 |
| AUZ | Australian Mines Ltd | 0.011 | -15% | 18,197,512 | $16,984,643 |
