On Stockhead today, We turn to that other forgotten critical minerals sector – the potassium, nitrogen, phosphate and bat-poo (guano) and cow-poo (which is 3% nitrogen, 2% phosphorus, and 1% potassium). And potash. Sector.
Most potash derives its agri-vitality from potassium chloride (KCl, also known as Muriate of Potash.
As a handily soluble deliverer of potassium, potash – and all of the minerals above – are absolutely critical to any business that does good out of primary plant nutrients. Which is everyone.
Bevis Yeo looks into the way we’re amping up our food production and provides a sitrep (link here if you’re wondering) – particularly for phosphate and potash fertilisers. And we meet a company at the… Centrex of it all.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days:
Hubify (ASX:HFY) – Variation and termination of a material agreement.
Sarama Resources (ASX:SRR) – Pending announcement of a capital raise.
Evion Group (ASX:EVG) – Also pending a cap raise announcement.
Theta Gold Mines (ASX:TGM) – Pending announcement of a funding update.
Geopacific Resources (ASX:GPR) – Also a pending announcement of a cap raise.
Raiden Resources (ASX:RDN) – Announcement relating to a mineral resource on the Mt Sholl Project and yep also a cap raise.
Top End Energy (ASX:TEE) – Update on Native Title negotiations for purpose of achieving grant of permit EP (A) 258.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,972.89 (+0.92%)
Silver: $US23.58 (+2.03%)
Nickel (3mth): $US23,743/t (-1.37%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US73.76 (+1.61%)
Oil (Brent): $US79.02 (+1.2%)
Iron 62pc Fe: $US125.5/t (+0.80%)
AUD/USD: 0.6711 (+0.42%)
Bitcoin: $US28,000 (-1.40%)
WHAT GOT YOU TALKING YESTERDAY?
Save $3 million in 30 years? How could anyone earning an average wage of ~$85,000 today save such a huge amount of money?
Like this, according to the big brains at Stockspot.
Save $3 million in 30 years? @stockspotcomau reckons its possible for the average way earner to build a $3 million super nestegg by implementing these three strategies. https://t.co/1XsGVT8vmP pic.twitter.com/ehMBpGC1jt
— Stockhead (@StockheadAU) March 29, 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.
YESTERDAY’S ASX SMALL CAP LEADERS
Here are yesterday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap GGX Gas2Grid Limited 0.002 100% 7,500 $4,077,102 SIH Sihayo Gold Limited 0.002 100% 100,000 $6,102,128 AQX Alice Queen Ltd 0.0015 50% 1,880,000 $2,530,288 CCE Carnegie Cln Energy 0.0015 50% 10,686,434 $15,642,574 CLZ Classic Min Ltd 0.0015 50% 9,294,146 $2,437,440 PRM Prominence Energy 0.0015 50% 1,324,527 $2,424,609 BEZ Besra Gold 0.145 45% 10,788,324 $35,386,189 PYR Payright Limited 0.021 40% 51,283 $8,433,648 ADR Adherium Ltd 0.004 33% 150,192 $14,989,315 YPB YPB Group Ltd 0.004 33% 300,000 $1,857,747 RFX Redflow Limited 0.295 31% 674,640 $40,436,856 IXU Ixup Limited 0.035 30% 271,373 $27,958,302 GRV Greenvale Energy Ltd 0.12 25% 983,859 $40,893,768 KED Keypath Education 0.85 25% 3,930 $145,300,851 TZN Terramin Australia 0.021 24% 1,001,153 $35,981,566 ARR American Rare Earths 0.255 21% 12,513,082 $93,739,968 LVT Livetiles Limited 0.0255 21% 1,296,604 $21,990,480 REE Rarex Limited 0.057 21% 13,768,122 $27,231,169 AFW Applyflow Limited 0.018 20% 125,389 $2,218,210 PVT Pivotal Metals Ltd 0.036 20% 1,511,201 $14,234,313 EFE Eastern Resources 0.012 20% 6,914,991 $12,419,465 KPO Kalina Power Limited 0.012 20% 2,354,083 $15,151,958 NZS New Zealand Coastal 0.003 20% 2,810,125 $4,135,025 RML Resolution Minerals 0.006 20% 500,000 $5,398,731 NHE Noble heliuml 0.255 19% 865,447 $26,526,582
RareX (ASX:REE) boosted its rare earths (REE) resource at Cummins Range by 500% to 397Mt at 0.33% TREO and 4.2% phosphate.
That’s 1.3Mt of contained TREO and 16.7Mt of phosphate, which positions Cummins Range as the second largest undeveloped Australian rare earths project, the company says.
YESTERDAY’S ASX SMALL CAP LOSERS
Here are yesterday’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap SCU Stemcell United Ltd 0.005 -62% 51,443,151 $16,916,037 AXP AXP Energy Ltd 0.002 -33% 23,800,010 $17,474,042 MCT Metalicity Limited 0.002 -33% 897,144 $10,513,618 TYM Tymlez Group 0.008 -33% 17,590,735 $13,106,344 MRR Minrex Resources Ltd 0.016 -30% 30,440,104 $24,951,953 BFC Beston Global Ltd 0.016 -27% 29,171,361 $43,935,032 OLI Oliver’S Real Food 0.025 -26% 629,111 $14,984,885 LNU Linius Tech Limited 0.003 -25% 808,799 $12,918,985 RMX Red Mount Min Ltd 0.003 -25% 345,012 $9,087,404 SRJ SRJ Technologies 0.062 -23% 24,000 $7,570,814 DM1 Desert Metals 0.11 -21% 134,090 $10,155,751 CTO Citigold Corp Ltd 0.004 -20% 9,246 $14,168,295 M2M Mt Malcolm Mines 0.038 -19% 158,078 $2,926,972 RCR Rincon 0.06 -19% 160,329 $5,011,698 MME Moneyme Limited 0.086 -18% 5,643,738 $29,740,959 M24 Mamba Exploration 0.115 -18% 1,493,157 $8,537,667 ID8 Identitii Limited 0.02 -17% 392,787 $5,097,689 XST Xstate Resources 0.01 -17% 679,728 $3,858,230 MOH Moho Resources 0.016 -16% 472,104 $3,945,582 MVL Marvel Gold Limited 0.016 -16% 5,494 $13,396,793 SIO Simonds Grp Ltd 0.09 -14% 109,126 $37,790,177 AD1 AD1 Holdings Limited 0.006 -14% 175,677 $4,905,119 C1X Cosmos Exploration 0.33 -14% 827,557 $15,005,375 CPT Cipherpoint Limited 0.006 -14% 805,333 $8,005,717 GNM Great Northern 0.003 -14% 200,000 $5,981,678
Beston Global Foods (ASX:BFC) downgraded earnings guidance for the current half, blaming unprecedented inflationary cost pressures and insurance.
A rapid decline and significant volatility of whey protein prices – down 25% in the last 30 days — has exacerbated these cost impacts, it says.
Carbon counting stock Tymlez (ASX:TYM) lost its acting CEO Daniel O’Halloran, who resigned effective immediately “to devote more time to his family and personal commitments”.
And explorer Minrex Resources (ASX: MRR) has drilled a few dusters (low, sub-economic grades) at three lithium projects in WA.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
