Rise and Shine: Everything you need to know before the ASX opens

On Stockhead today, Lowell Resources Fund chief investment officer John Forwood on how he picked Azure at 27c, Scott Power gives Nadine McGrath nine healthcare picks to fill the Christmas stocking (NINE!), and why there’s hope for weed stocks in 2024.

But first, to the day ahead.

WHO’S LISTING TODAY?

Today we see the highly anticipated debut of Brazilian Rare Earths (ASX:BRE), which will hit the bourse at 11am AEDT after raising $50m at $1.47/sh.

The Gina Rinehart-backed stock is focused on the Monte Alto project in Bahia, Brazil, where a 25.2Mt resource grading 1% TREO has been defined.

Included in the resource is a high-grade core of 4.1Mt at 3.2%.

“This compelling resource is shallow, free dig and early metallurgical test work indicates that simple, low-cost processing techniques could be used to produce a valuable rare earth concentrate product,” the prospectus states.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,042.82 (+0.12%)

Silver: US$24.10 (+0.35%)

Nickel (3mth): US$16,502/t (-3.78%)

Copper (3mth): US$8,482.50/t (-0.78%)

Oil (WTI): US$74.22 (+0.37%)

Oil (Brent): US$79.41 (+0.25%)

Iron 62pc Fe: US$135/t (-0.37%)

AUD/USD: 0.6771 (+0.15%)

Bitcoin: US$42,824 (+0.77%)

TRADING HALTS

Godolphin Resources (ASX:GRL) – Answering ASX queries re announcement: “Godolphin to Sell Lewis Ponds and Mt Bulga for $11m”

Indiana Resources (ASX:IDA) – decision from the ICSID ad hoc Committee concerning the stay of enforcement of the Award against Tanzania

Hydrocarbon Dynamics (ASX:HCD) – capital raising

Savannah Goldfields (ASX:SVG) – capital raising

Riedel Resources (ASX:RIE) – capital raising

Live Verdure (ASX:LV1) – capital raising

Botala Energy (ASX:BTE) – capital raising

WHAT GOT YOU TALKING YESTERDAY?

First Lithium may have hit the motherlode:

First Lithium #FL1 is pleased to announce a Significant Discovery confirmed at #Blakala including 111m @ 1.57% Li2O

Spodumene mineralisation is high grade, outcrops at surface, and is open at depth and along strike pic.twitter.com/J2oLGKfmne

— First Lithium Ltd (@FirstLithiumLtd) December 19, 2023

And spot uranium is now paying US$90/lb. The boom cometh for uranium stocks! Hopefully.

Remember the 90’s? They’re back! For the first time in 16 years Spot #Uranium for #Nuclear fuel brokers ‘Uranium Markets’ surged +$2 today to close at $90/lb #U3O8with sellers asking $91 as @EvoMarkets surged $2.50 to $89 & @Numerco surged $2 to $88.50 pic.twitter.com/0O3PuqhhSz

— John Quakes (@quakes99) December 19, 2023

YESTERDAY’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 FL1 First Lithium Ltd 0.61 53% 12,192,535 $28,020,667 EMU EMU NL 0.0015 50% 13,425,000 $2,024,771 ME1 Melodiol Glb Health 0.0015 50% 14,420,112 $4,728,824 ETR Entyr Limited 0.013 44% 36,419,048 $17,847,935 AAP Australian Agri Ltd 0.021 40% 37 $4,576,492 WZR Wisr Ltd 0.032 39% 99,859,040 $31,386,135 AUK Aumake Limited 0.004 33% 5,000,000 $5,743,220 DCX Discovex Res Ltd 0.002 33% 6,749,792 $4,953,852 LSR Lodestar Minerals 0.004 33% 3,235,000 $6,070,192 PXX Polarx Limited 0.008 33% 2,134,325 $9,837,701 SCT Scout Security Ltd 0.02 33% 101,963 $3,486,411 CZN Corazon Ltd 0.017 31% 255,600 $8,002,773 ENV Enova Mining Limited 0.013 30% 36,017,502 $6,409,293 VML Vital Metals Limited 0.0065 30% 33,929,965 $29,475,335 GRL Godolphin Resources 0.05 28% 791,432 $6,600,439 MTC Metalstech Ltd 0.19 27% 1,446,180 $28,343,189 ADS Adslot Ltd. 0.0025 25% 250,000 $6,448,991 ASP Aspermont Limited 0.01 25% 626,749 $19,510,110 BFC Beston Global Ltd 0.01 25% 9,012,516 $15,976,375 SOP Synertec Corporation 0.18 24% 987,442 $62,566,911 RVT Richmond Vanadium 0.335 24% 5,864 $23,276,108 POS Poseidon Nick Ltd 0.011 22% 25,544,729 $33,421,813 MXO Motio Ltd 0.033 22% 660,000 $7,241,355 AZY Antipa Minerals Ltd 0.017 21% 17,386,224 $57,887,311 BMO Bastion Minerals 0.017 21% 5,865,164 $2,928,174

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First Lithium (ASX:FL1) said “significant discovery confirmed!” at Blakala, part of the Gouna project in Mali.

The first three holes included an outstanding 111m intersection @ 1.57% Li2O, including a 10m chunk grading 3.39% Li2O from 33m depth.

Tyre recycler Entyr (ASX:ETR) will sell 100% of its tyre pyrolysis oil, carbon char and recovered carbon black production to global commodities trader Trafigura.

Lodestar (ASX:LSR) completed a copper-gold drilling program at the Earaheedy project, with results due late January.

Godolphin (ASX:GRL) will sell its non-core Lewis Ponds and Mt Bulga projects in NSW for $11m.

GRL went into a trading halt after the ASX asked for more info on the vendor, Minerals Pty Ltd.

MetalsTech (ASX:MTC) says there could be a potential transaction involving its multi-million ounce Sturec gold mine in Slovakia.

It has engaged an advisor to oversee a process involving eight parties from China and another four of Western origin, “with discussions advanced at various stages and ongoing”.

Bastion Minerals (ASX:BMO) will buy a couple of lithium projects in the Gascoyne and Mt Ida regions, both popular addresses following Delta Lithium’s (ASX:DLI) recent exploration success.

And Antipa Minerals (ASX:AZY) has uncovered a new, very large coherent gold and pathfinder anomaly just 10km northeast of Newmont’s giant Telfer gold-copper-silver mine.

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap RGS Regeneus Ltd 0.003 -40% 113,000 $1,532,185 JAV Javelin Minerals Ltd 0.002 -33% 471,531 $3,264,347 MCT Metalicity Limited 0.0015 -25% 253,364 $8,970,108 TMK TMK Energy Limited 0.007 -22% 6,285,713 $55,103,214 LRD Lordresourceslimited 0.05 -21% 287,944 $2,339,324 GBZ GBM Rsources Ltd 0.009 -18% 1,794,979 $6,823,540 ADG Adelong Gold Limited 0.005 -17% 206,666 $4,077,934 LBT LBT Innovations 0.01 -17% 596,791 $15,116,124 M2R Miramar 0.02 -17% 500,000 $3,572,869 MTB Mount Burgess Mining 0.0025 -17% 1,062,483 $3,134,440 SRN Surefire Rescs NL 0.008 -16% 5,462,894 $18,649,999 LYK Lykosmetalslimited 0.038 -16% 137,258 $2,808,000 AHN Athena Resources 0.003 -14% 220,000 $3,746,636 DVL Dorsavi Ltd 0.012 -14% 222,884 $8,353,263 MSG Mcs Services Limited 0.012 -14% 98,594 $2,773,395 PRX Prodigy Gold NL 0.006 -14% 2,968,127 $12,257,755 NFL Norfolkmetalslimited 0.215 -14% 238,285 $8,831,249 ADD Adavale Resource Ltd 0.007 -13% 539,208 $5,972,709 AVE Avecho Biotech Ltd 0.0035 -13% 250,069 $12,677,188 HLX Helix Resources 0.0035 -13% 835,370 $9,292,583 ODE Odessa Minerals Ltd 0.007 -13% 159,000 $7,576,895 RNX Renegade Exploration 0.007 -13% 428,571 $7,997,790 CXU Cauldron Energy Ltd 0.022 -12% 3,305,636 $28,308,425 SW1 Swift Networks Group 0.015 -12% 100,107 $10,991,765 PXA Pexagroup 10.93 -12% 2,512,436 $2,195,825,732

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Real estate stock PEXA Group (ASX:PXA) plunged after saying its acquisition of UK-based Smoove will add A$16-20m of revenues in 2H24– but reduce operating EBITDA by A$4-6m in the same period.

PEXA flagged weaker-than-expected FY24 revenue to come in between $315 to $325m.

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