On Stockhead today, Guy Le Page’s goldie picks for the coming rotation, Chris Brycki’s problems with thematic ETFs, and the ASX’s most shorted stocks in April.
But first, the day ahead.
Today, Roy Morgan and ANZ release the weekly consumer sentiment index, which hit a 20-month low ahead of the RBA’s interest rate hike on May 3.
Commonwealth Bank (ASX:CBA) releases the Household Spending Indicator and National Australia Bank (ASX:NAB) issues the April business survey.
Business confidence stands at a five-month high with business conditions at nine-month highs, CommSec says.
Meanwhile, the Australian Bureau of Stats releases its final estimates for retail trade in March and the March quarter as well as the monthly business turnover indicator – a broader measure of spending.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
Broo (ASX:BEE) – company restructure
AUB Group (ASX:AUB) – institutional component of the accelerated entitlement offer
Wellfully (ASX:WFL) – capital raise
Galileo Mining (ASX:GAL ) –
results from recent drilling at the company’s Norseman Project
MARKETS (updated at 8am AEDT)
Gold: $US1,853.60 (-1.56%)
Silver: $US21.80 (-2.42%)
Nickel (3mth): $US30,020/t (-1.08%)
Copper (3mth): $US9,424.00/t (+0.59%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, May 4): $US72,650/t (0.0% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 4): $US73,275/t (0.0% weekly)
Oil (WTI): $US102.83 (-6.32%)
Oil (Brent): $US105.35 (-6.19%)
Iron 62pc Fe: $US133.31 (-2.63%)
AUD/USD: $US0.6952 (-0.5%)
Bitcoin: $US30,822 (-9.27%)
WHAT GOT YOU TALKING YESTERDAY?
PURE DRAMA.
Chinese firm Zijin Mining has reportedly pounced on a 15% stake in the world class ‘Manono’ lithium project in the DRC, which could push AVZ’s (ASX:AVZ) holding down to ~36%.
“If the transfer is completed, the stake held by AVZ in Dathcom [Manono holding company] will drop to 36%, and AVZ will no longer have an absolute controlling interest in Dathcom,” Zijin says.
Take that with a grain of salt, but it sounds like this one could go to the courts.
Welcome to Africa #Lithium https://t.co/OJHBk0OWIv pic.twitter.com/ZebnDYAprR
— TwinTurboCelica (@TwinTurboCe1ica) May 9, 2022
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Also, be sure to check in at 10.20am each day 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 Last % Volume YPB YPB Group Ltd 0.0015 50% 5,371,879 PTX Prescient Ltd 0.1650 32% 11,229,531 LNY Laneway Res Ltd 0.0050 25% 850,000 NZS New Zealand Coastal 0.0050 25% 100,000 SFG Seafarms Group Ltd 0.0170 21% 5,370,312 ODM Odin Metals Limited 0.0200 18% 325,435 XST Xstate Resources 0.0035 17% 6,425,220 MDI Middle Island Res 0.1500 15% 2,946,560 EMU EMU NL 0.0150 15% 1,258,608 BRN Brainchip Ltd 1.2200 15% 37,976,726 DCX Discovex Res Ltd 0.0080 14% 25,505,427 MEB Medibio Limited 0.0040 14% 250,247 POW Protean Energy Ltd 0.0080 14% 2,595,815 SHE Stonehorse Energy Lt 0.0170 13% 2,520,653 EAX Energy Action Ltd 0.1800 13% 20,000 AJQ Armour Energy Ltd 0.0090 13% 1,308,894 CFO Cfoam Limited 0.0090 13% 444,444 AYT Austin Metals Ltd 0.0190 12% 9,424,821 RRR Revolverresources 0.3500 11% 114,916 CNB Carnaby Resource Ltd 1.2400 10% 2,048,129 PNX PNX Metals Limited 0.0055 10% 1,900,000 TMX Terrain Minerals 0.0110 10% 3,819,192 1VG Victory Goldfields 0.1700 10% 31,250 ABE Ausbondexchange 0.4100 9% 200 HVM Happy Valley 0.0600 9% 81,333
Prescient Therapeutics (ASX:PTX) announced its Phase 1b clinical trial of PTX-200 and cytarabine in patients with relapsed acute myeloid leukemia (AML) will expand the cohort at 45 mg/m² PTX-200 following another complete remission and no dose limiting toxicities at this dose level.
Bet you didn’t see that one coming.
The Discovex Resources (ASX:DCX) and Carnaby Resources (ASX:CNB) ‘Greater Duchess’ JV announced a “stunning drill result” of 68m at 2.4% copper and 0.4g/t gold from 40m.
CNB says wide, high grade and very shallow copper gold mineralisation at the Lady Fanny prospect now been intersected over a core zone of over 300m strike length which remains strongly open.
EMU (ASX:EMU) was up very nicely after non exec director Tim Staermose picked up $14,000 worth of shares on market.
Tim is an ex-broker and stock picker, notably having worked at Lehman Bros in the early 2000s before it went to poo.
The WA explorer has four main projects: ‘Badja’ (gold, tungsten), ‘Graceland’ (nickel, copper, PGEs), Viper (nickel, copper), and ‘Sunfire’ (nickel, copper).
Seafarms Group (ASX:SFG) recouped some of Friday’s bleeding as the battle for its future intensifies now that the ‘SeaDragon’ aquaculture project is under a mighty cloud.
Todd River Resources (ASX:TRT) is also trading sharply higher on no news. TRT has a handful of projects, the most interesting right now being its copper-nickel-PGE ground near Chalice Mining’s (ASX:CHN) Julimar called ‘Berkshire Valley’.
Early drill results have been mixed so far, but TRT reckons there is something big lurking. A bunch of drilling results are expected within the next month.
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 IPTRA Impact Minerals – Rights 13-May-22 0.001 -50% 13,266,739 BOC Bougainville Copper 0.48 -24% 192,851 GFN Gefen Int 0.19 -24% 73,800 HIO Hawsons Iron Ltd 0.505 -22% 16,105,863 EQS Equitystorygroupltd 0.11 -21% 133,162 OAU Ora Gold Limited 0.011 -21% 1,751,433 TKM Trek Metals Ltd 0.072 -21% 1,579,597 DMM Dmcmininglimited 0.14 -20% 21,656 GME GME Resources Ltd 0.1 -20% 214,258 IVZ Invictus Energy Ltd 0.22 -20% 13,267,252 AOA Ausmon Resorces 0.008 -20% 14,649,866 CWX Carawine Resources 0.17 -19% 179,155 AVE Avecho Biotech Ltd 0.018 -18% 5,224,454 CST Castile Resources 0.185 -18% 544,700 PNN PepinNini Minerals 0.555 -18% 1,623,877 LEL Lithenergy 1.33 -17% 976,170 SRK Strike Resources 0.175 -17% 2,089,268 AQX Alice Queen Ltd 0.005 -17% 5,524,922 CLE Cyclone Metals 0.005 -17% 49,060,778 CT1 Constellation Tech 0.005 -17% 3,750,766 LCT Living Cell Tech. 0.005 -17% 356,986 PCL Pancontinental Energ 0.01 -17% 14,415,191 XTC Xantippe Res Ltd 0.01 -17% 62,062,308 CRR Critical Resources 0.076 -16% 30,689,779 KWR Kingwest Resources 0.13 -16% 1,058,092
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