On Stockhead today, Guy Le Page’s Victorian gold pick, are you an average Australian investor, and the latest lithium explorers with big battery dreams.
But first … the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
3iQ CoinShares Bitcoin Feeder ETF – In a halt pending an announcement of some sort.
3iQ CoinShares Ether Feeder ETF – Samesies!
Jervois Global (ASX:JRV) – Equity raising.
Accelerate Resources (ASX:AX8) – Capital raising.
Elixir Energy (ASX:EXR) – Elixir’s got an announcement in connection with the contingent resource booking for its 100% owned Queensland asset ATP 2044.
iTech Minerals (ASX:ITM) – Capital raising.
West Cobar Metals (ASX:WC1) – Capital raising.
Structural Monitoring Systems (ASX:SMN) – Interesting news for SMN regarding a purchase order from a commercial airline.
COMMODITY/ FOREX/ CRYPTO MARKET PRICES
Gold: $US1,715.59 (+0.18%)
Silver: $US21.54 (+0.93%)
Nickel (3mth): $US24,012/t
Copper (3mth): $US8,115.50/t
Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 2): $US75,125/t (+2.7% weekly, +122% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 2): $US74,575/t (+2.4% weekly, +164.2% year-to-date)
Oil (WTI): $US88.468 (-0.50%)
Oil (Brent): $US94.640 (-0.76%)
Iron 62pc Fe: $US91.00 (+2.82%)
AUD/USD: 0.65121 (+0.16%)
Bitcoin: $US18,163.14(-8.01%)
WHAT GOT YOU TALKING YESTERDAY?
This crypto saga caught your eye yesterday:
How Sam Bankman-Fried lost US$15 billion and control of one of the world’s biggest crypto exchanges in under 24 hours. #crypto #FTXCRASH #FTX #Binance $FTT Stockhead > https://t.co/Iro25n2wUS pic.twitter.com/f1pA5eA78S
— Stockhead (@StockheadAU) November 9, 2022
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
For all you crypto lovers 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 ‘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).
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price % Volume Market Cap TSC Twenty Seven Co. Ltd 0.002 100% 6,552,488 $5,321,628 RNE Renu Energy Ltd 0.076 90% 119,569,213 $14,582,640 G50 Gold50Limited 0.15 50% 341,891 $5,694,300 ANL Amani Gold Ltd 0.0015 50% 15,985,740 $23,693,441 AO1 Assetowl Limited 0.0015 50% 1,526,534 $1,572,130 ADV Ardiden Ltd 0.008 33% 71,328,237 $16,010,012 AFW Applyflow Limited 0.002 33% 510,000 $4,436,412 CCE Carnegie Cln Energy 0.002 33% 4,377,905 $23,463,861 CFO Cfoam Limited 0.004 33% 132,304 $2,201,522 SYN Synergia Energy Ltd 0.002 33% 269,650 $12,626,686 AQI Alicanto Min Ltd 0.065 30% 5,825,996 $20,630,681 FML Focus Minerals Ltd 0.195 26% 291,095 $44,416,590 AQX Alice Queen Ltd 0.0025 25% 1,917,000 $4,400,500 DW8 DW8 Limited 0.0025 25% 9,055,584 $5,903,045 FAU First Au Ltd 0.005 25% 100,000 $3,725,644 AM7 Arcadia Minerals 0.315 21% 1,917,748 $12,141,452 AML Aeon Metals Ltd. 0.029 21% 13,904,657 $26,242,339 EMU EMU NL 0.006 20% 447,508 $3,436,341 GLV Global Oil & Gas 0.003 20% 3,662,032 $4,683,387 MRQ Mrg Metals Limited 0.006 20% 3,616,499 $8,735,293 ROG Red Sky Energy. 0.006 20% 4,659,458 $26,511,136 PHL Propell Holdings Ltd 0.032 19% 119 $2,865,597 ADN Andromeda Metals Ltd 0.046 18% 14,329,997 $121,290,329 AAU Antilles Gold Ltd 0.041 17% 572,524 $14,552,449 BGD Bartongoldholdings 0.175 17% 572,596 $12,893,883
ReNu Energy (ASX:RNE) has secured a $100 million investment from Australian health and community services dominated super fund HESTA for its Green Hydrogen Projects.
The fund has more than 950,000 members (over 80% are women) and manages over $68 billion in assets invested around the world.
The RNE Group will be responsible for delivery and operation of the Green Hydrogen Projects, will be entitled to a fee for originating and progressing Green Hydrogen Projects and will be responsible for securing debt and grant funding for the Green Hydrogen Projects.
HESTA will be provided a first right of refusal to invest in existing and new Green Hydrogen Projects.
Gold 50 (ASX:G50) has picked up the high-grade historic White Caps Mine in Nevada – which produced more than 125,000 ounces at circa 30g/t gold – for a sweet US$10m.
The plan is to integrate existing datasets and refine the geological model to effectively target the mineralisation before drill testing.
And another miner picking up projects is Alicanto Minerals (ASX:AQI) acquiring the historic Falun mine, adjacent to its existing Greater Falun project in Sweden – bringing its landholding to ~300sqkm in the mining district.
Falun was a monster in its day, producing 28Mt at 4% copper, 4g/t gold, 5% zinc, 2% lead and 35g/t silver over an estimated 1000 years but closed in 1992 amidst low commodity prices.
AQI says that despite its world class credentials, Falun has received little follow-up modern exploration since its closure. Its geologists are now poring over old mine data.
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 LHM Land Homes Grp Ltd 0.006 -57% 1 $14,691,450 PRM Prominence Energy 0.001 -50% 8,884 $4,849,218 TAS Tasman Resources Ltd 0.011 -27% 9,531,577 $10,067,289 CNJ Conico Ltd 0.0085 -23% 58,805,962 $16,004,649 EPX Ept Global Limited 0.036 -22% 1 $8,366,563 CLE Cyclone Metals 0.002 -20% 55,962,696 $15,291,842 TKM Trek Metals Ltd 0.11 -19% 13,205,334 $42,579,335 99L 99 Loyalty Ltd. 0.015 -17% 95,798 $20,874,290 KZA Kazia Therapeutics 0.105 -16% 894,337 $20,426,122 BEZ Besragoldinc 0.034 -15% 119,386 $10,084,549 AEV Avenira Limited 0.018 -14% 10,659,330 $25,809,348 LNU Linius Tech Limited 0.003 -14% 1,500,000 $8,440,365 NUH Nuheara Limited 0.275 -14% 636,540 $43,902,504 VTI Vision Tech Inc 0.22 -14% 6,000 $6,273,381 BML Boab Metals Ltd 0.3 -13% 1,525,133 $52,955,267 HCT Holista CollTech Ltd 0.027 -13% 22,000 $8,642,802 ANX Anax Metals Ltd 0.056 -13% 2,610,987 $25,960,202 AUK Aumake Limited 0.0035 -13% 2,894,000 $3,085,788 CAD Caeneus Minerals 0.0035 -13% 48,000 $21,382,420 RNT Rent.Com.Au Limited 0.035 -13% 500,461 $17,627,680 FG1 Flynngold 0.11 -12% 37,802 $8,007,631 HMY Harmoney Corp Ltd 0.5375 -12% 34,191 $61,948,908 WTL Wt Financial Grp Ltd 0.075 -12% 96,200 $27,810,799 ECG Ecargo Hldg 0.015 -12% 29,905 $10,459,250
Tasman Resources (ASX:TAS) was the biggest loser, after announcing the restructuring of the US operations of Eden Innovations – which it holds 28.40% of through subsidiary Noble Energy.
Eden makes the high performance concrete admixture EdenCrete but is trying to reduce operating costs by letting a a bunch of its workforce go, but says it will still maintain full production capabilities.
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