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

On Stockhead today, Eliza Owens tells Christian who lost the most money on housing, and Gregor’s spent literally minutes pulling together the ultimate ASXmas Carol for your pleasure.

But first, the day ahead.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,036.29 (+0.36%)

Silver: US$24.27 (+0.62%)

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

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

Oil (WTI): US$74.49 (+0.37%)

Oil (Brent): US$80.41 (+0.47%)

Iron 62pc Fe: US$136.50/t (+1.11%)

AUD/USD: 0.6742 (+0.19%)

Bitcoin: US$43,689 (+0.58%)

TRADING HALTS

Peppermint Innovation (ASX:PIL) – acquisition of an Artificial intelligence (AI) and Customer Experience (CX) business

Tietto Minerals (ASX:TIE) – Pending the removal of an ASX release that was lodged in error

Invictus Energy (ASX:IVZ) – capital raising

Australian Pacific Coal (ASX:AQC) – capital raising

XPON Technologies (ASX:XPN) – proposed disposal of a material business

Mamba Exploration (ASX:M24) – acquisition and capital raising

Frugl Group (ASX:FGL) – outcome of a placement

WHAT GOT YOU TALKING YESTERDAY?

Resources Top 5: Gina-backed Brazilian Rare Earths makes noise on ASX debut.

Brazil is emerging as the go to place for heavy rare earths. Heavy rare earths such as Dy Tb are essential elements for energy transition applications.https://t.co/QagfU5MyME

— Thematica (@Thematicafunds) December 21, 2023

Brazilian Rare Earths (ASX:BRE) enjoyed a solid debut, finishing up ~9% to $1.60/sh.

Tightly held BRE counts Gina Rinehart and Whitehaven Coal as shareholders, alongside wealthy coal industry veterans Mark Lochtenberg and Brian Flannery.

Also holding a big chunk of stock are IperionX (ASX:IPX) board members and advisors Todd Hannigan, Taso Arima, Ray Nimrod and Dominic Allen.

$BRE listing today worth watching, currently matching up 30%. T20 holds nearly 86%, full of stars and billionaires. If $BRE performs well, ASX specs around it $EQN $AUZ $GMN are the immediate beneficiaries. Other IAC REE plays in Minas Gerais include $MEI $VMM $ENV $SI6

— Treasurehunter (@ASXTreasurehunt) December 20, 2023

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

Also, be sure to check in at 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 the best performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap CGO CPT Global Limited 0.2 70% 468,870 $4,922,940 MTB Mount Burgess Mining 0.004 60% 453,621 $2,612,034 NYM Narryermetalslimited 0.095 53% 67,951 $2,975,602 TKL Traka Resources 0.003 50% 517,333 $1,750,659 VPR Volt Power Group 0.0015 50% 235,889 $10,716,208 FAU First Au Ltd 0.004 33% 5,029,035 $4,985,980 MCT Metalicity Limited 0.002 33% 16,229,580 $6,727,581 ME1 Melodiol Glb Health 0.002 33% 10,133,562 $7,093,236 FCT Firstwave Cloud Tech 0.04 33% 559,153 $51,287,419 TMK TMK Energy Limited 0.009 29% 3,893,100 $42,858,055 T3D 333D Limited 0.014 27% 266,985 $1,313,894 KP2 Kore Potash PLC 0.015 25% 693,107 $8,040,073 ALM Alma Metals Ltd 0.01 25% 397,056 $8,912,006 CHK Cohiba Min Ltd 0.0025 25% 621,111 $4,426,488 ERL Empire Resources 0.005 25% 1,000,000 $4,451,740 FHS Freehill Mining Ltd. 0.005 25% 11,680,700 $11,399,338 JAV Javelin Minerals Ltd 0.0025 25% 1,630,000 $2,176,231 TMX Terrain Minerals 0.005 25% 681,828 $5,413,711 WA1 Wa1Resourcesltd 12.1 24% 1,285,759 $413,340,084 ADR Adherium Ltd 0.056 24% 152,125 $15,004,799 VR8 Vanadium Resources 0.058 23% 978,138 $26,334,110 EMP Emperor Energy Ltd 0.011 22% 9,718,700 $3,010,387 KCC Kincora Copper 0.044 22% 119,892 $7,194,062 VNL Vinyl Group Ltd 0.055 22% 2,626,825 $23,153,156 AKM Aspire Mining Ltd 0.115 21% 169,466 $48,225,514

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WA1 Resources (ASX:WA1) was up 25% yesterday to all time highs, capping off a fairy-tale year for one of the ASX’s best performing stocks.

It is now up 8,580% since October last year on the back of a big, high-grade niobium-rare earths find in the remote West Arunta region of WA.

A bullish recommendation from research analysts Canaccord Genuity was probs partially responsible for yesterday’s action. You can read more about that here.

Vinyl Group (ASX:VNL) inked a +$10 million deal to acquire The Brag Media, publisher of iconic Rolling Stone in Australia and New Zealand.

It will be funded by WiseTech Global (ASX:WTC) founder, CEO and keen muso Richard White, who in his early days worked as roadie, repairing guitars on tour for bands like AC/DC and The Angels.

Software company FirstWave Cloud Technology (ASX:FCT) secured a $1m transaction with Telmex, Mexico’s largest telecommunications group.

Metalicity (ASX:MCT) settled a years-long fracas with Nex Metals over the Kookynie and Yundamindra gold joint venture in WA.

MCT will now hold 80% of the JV, up from 51%.

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 NGY Nuenergy Gas Ltd 0.022 -29% 165,077 $45,909,620 MTO Motorcycle Hldg 1.85 -26% 1,638,473 $185,254,174 LSR Lodestar Minerals 0.003 -25% 200,230 $8,093,589 MEL Metgasco Ltd 0.007 -22% 33,230 $9,574,981 NFL Norfolkmetalslimited 0.18 -22% 2,390,467 $8,124,749 PHL Propell Holdings Ltd 0.012 -20% 174,233 $1,805,333 ASP Aspermont Limited 0.008 -20% 1,666,500 $24,387,637 JAY Jayride Group 0.032 -20% 87,025 $9,376,365 OEC Orbital Corp Limited 0.093 -19% 1,613,489 $16,767,774 1TT Thrive Tribe Tech 0.017 -19% 667,691 $6,229,052 ASR Asra Minerals Ltd 0.0075 -17% 3,277,625 $14,660,962 CUS Coppersearchlimited 0.1 -17% 113,170 $11,074,249 IPB IPB Petroleum Ltd 0.01 -17% 11,734,179 $6,781,469 TMR Tempus Resources Ltd 0.005 -17% 967,685 $2,070,870 GRL Godolphin Resources 0.042 -16% 23,050 $8,462,101 COY Coppermoly Limited 0.011 -15% 100,000 $9,049,761 OD6 Od6Metalsltd 0.14 -15% 36,300 $9,077,557 AZL Arizona Lithium Ltd 0.034 -15% 420,031,773 $133,780,576 RVT Richmond Vanadium 0.285 -15% 10,000 $28,879,615 AYT Austin Metals Ltd 0.006 -14% 206,810 $8,588,123 CCO The Calmer Co Int 0.006 -14% 922,833 $5,996,633 OAR OAR Resources Ltd 0.003 -14% 10,943,525 $9,243,713 VML Vital Metals Limited 0.006 -14% 16,449,950 $41,265,469 STN Saturn Metals 0.155 -14% 56,254 $40,159,477 JNO Juno 0.1 -13% 4,900 $20,923,705

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Maiden drilling at Norfolk Metals’ (ASX:NFL) Orroroo uranium project did not hit the paydirt it was hoping for.

Citing “margin pressures”, MotorCycle Holdings (ASX:MTO) expects to report underlying EBITDA of $14-$16m for the December half, down from $18m in the year-ago period.

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