On Stockhead today, Our Emma Davies reports that Uranium speculators – and is there any better job – could use the Sprott Physical Uranium Trust (SPUT) to push yellowcake prices sharply higher
SPUT currently has over 61.7 million pounds of U3O8 under lock and key – and is considered by the resources data firm Goehring and Rozencwajg as the barometer of uranium investor sentiment.
And if current uranium sentiment was an island measured by the presence of radioactive isotopes it’d be an attol somewhere in the pacific under French administration and still probably guarded by French naval forces.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Monday and are expected out in the coming days:
Ronin Resources (ASX:RON) – Project acquisition and capital raising.
QEM (ASX:QEM) – Capital raising.
Noronex (ASX:NRX) – Capital raising.
Miramar Resources (ASX:M2R) – Capital raising.
Regional Express (ASX:REX) – Revised profit guidance incoming.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1957.15 (+0.75%)
Silver: $US23.87 (-0.2%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US70.66 (+3.5%)
Oil (Brent): $US75.53 (+3.2%)
Iron 62pc Fe: $US114.50/t (+0.44%)
AUD/USD: 0.6887 (+1.36%)
Bitcoin: $US25,380 (-1.53%)
WHAT GOT YOU TALKING?
The hurly burly’s not done.
Burley Minerals is set to accelerate drilling at its Quebec projects in Canada after appointing a new MD and CEO to the team. https://t.co/22kQJ0CwTV @ad #ASX $BUR
— Stockhead (@StockheadAU) June 19, 2023
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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.
MONDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap TNC True North Copper 0.26 391% 5,522,942 $13,771,597 AFW Applyflow Limited 0.015 50% 1,019,428 $1,478,807 CCE Carnegie Cln Energy 0.0015 50% 4,051,231 $15,642,574 CLE Cyclone Metals 0.0015 50% 1,716,635 $10,264,505 BM8 Battery Age Minerals 0.45 32% 359,075 $25,234,175 G50 Gold50Limited 0.185 32% 140,957 $7,972,020 FTL Firetail Resources 0.12 30% 283,773 $7,084,000 AQC Auspaccoal Ltd 0.15 30% 793,931 $39,940,760 ONE Oneview Healthcare 0.32 25% 4,213,796 $136,034,128 GTG Genetic Technologies 0.0025 25% 95,571 $23,083,316 MRZ Mont Royal Resources 0.11 25% 1,581,892 $6,026,475 COY Coppermoly Limited 0.011 22% 349,246 $3,819,482 GRE Greentechmetals 0.54 21% 10,609,276 $18,649,766 PBH Pointsbet Holdings 1.65 21% 6,347,581 $418,860,685 FXG Felix Gold Limited 0.09 20% 304,255 $8,235,480 PUA Peak Minerals Ltd 0.003 20% 1,600,000 $2,603,442 RDN Raiden Resources Ltd 0.006 20% 34,229,964 $10,276,345 YPB YPB Group Ltd 0.003 20% 22,692,220 $1,548,122 DUB Dubber Corp Ltd 0.185 19% 3,269,513 $47,979,905 BMO Bastion Minerals 0.031 19% 24,053,805 $4,144,701 CNQ Clean Teq Water 0.28 19% 43,487 $13,561,920 IXR Ionic Rare Earths 0.025 19% 20,889,828 $82,868,203 MRI Myrewardsinternation 0.02 18% 2,795,763 $5,237,669 PGY Pilot Energy Ltd 0.02 18% 1,776,710 $16,531,270 GPR Geopacific Resources 0.021 17% 341,566 $14,781,440
True North Copper (ASX:TNC) set the cat among the pigeons with what looked like a 370% gain in the AM, but it’s not quite what it looked like on the data charts.
True North Copper was the subject of a reverse takeover by Duke Exploration that started late last year, and the whole thing has taken quite a while to get resolved.
As Stockhead’s very own Josh Chiat explains it, a reverse takeover is “kind of like the alien spawn growing inside of Sigourney Weaver, which then bursts out and becomes a (more friendly) xenomorph.”
That xenomorph has emerged from the chest of the ASX today, with the whole rebranded thing assuming the value of both DEX and TNC, which was well above TNC’s price when the reverse takeover began, and so that’s why it looks like such a huge gain.
So, the “real” winner was Gold 50 (ASX:G50) up 36% on surprisingly slender volume this morning and on news that the company has intersected high-grade gold-silver mineralisation within several broad mineralised zones at its Golconda project in Arizona.
The intersects include 35m at 5.2g/t gold and 5.9g/t silver from 176.8m including 9m at 19.5g/t gold and 17.8g/t silver, and 11m at 1.2g/t gold, 399g/t silver, 0.31% copper and 0.55% zinc from 61.0m and immediately below historic underground workings.
Bastion Minerals (ASX:BMO) was up 31% after it reported staking a strategic 115km2 REE exploration tenure near Gyttorp in South Sweden.
BMO says that rock chip samples “greater than 2.86% (28,600 ppm) and 3.64% (36,400 ppm) Total Rare Earth Oxide (TREO) are recorded in historic sampling with some detection limits exceeding the actual result will be greater than these figures”.
MONDAY’S ASX SMALL CAP LAGGARDS
Here are the least best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap OPN Oppenneg 0.01 -67% 1,983,540 $7,275,899 PKD Parkd Ltd 0.02 -38% 208,365 $3,258,187 CCO The Calmer Co Int 0.002 -33% 30,370 $1,334,333 DXN DXN Limited 0.001 -33% 1,135,313 $2,581,972 INP Incentiapay Ltd 0.01 -29% 196,123 $17,710,891 MCT Metalicity Limited 0.0015 -25% 476,314 $7,472,172 MTL Mantle Minerals Ltd 0.0015 -25% 1,602,799 $12,294,892 SIH Sihayo Gold Limited 0.0015 -25% 250,000 $12,204,256 SFM Santa Fe Minerals 0.046 -25% 100,000 $4,441,946 TGH Terragen 0.021 -22% 257,167 $6,024,297 TOY Toys R Us 0.011 -21% 9,557,587 $12,083,213 IMI Infinitymining 0.12 -20% 175,556 $11,471,748 LKE Lake Resources 0.38 -20% 57,108,351 $675,661,236 NNL Nordicnickellimited 0.2 -20% 209,264 $14,615,001 DCX Discovex Res Ltd 0.002 -20% 38,514,928 $8,256,420 ENT Enterprise Metals 0.004 -20% 1,726,701 $3,525,403 RXH Rewardle Holding Ltd 0.021 -19% 1,918,896 $13,684,359 OM1 Omnia Metals Group 0.225 -18% 1,491,649 $12,532,003 AVW Avira Resources Ltd 0.0025 -17% 34,902,985 $6,401,370 CPT Cipherpoint Limited 0.005 -17% 821,328 $6,955,450 IVX Invion Ltd 0.005 -17% 8,344,716 $38,529,793 SPD Southernpalladium 0.335 -16% 9,570 $17,231,331 OSX Osteopore Limited 0.11 -15% 165,494 $18,749,706 PRM Prominence Energy 0.017 -15% 63,742 $2,424,618 CI1 Credit Intelligence 0.115 -15% 467,029 $11,272,387
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
