On Stockhead today, is that a PERFECT LITHIUM STORM on the horizon? Three remarkable companies, according to Emanuel Datt, and there’s no better time to open Australia’s newest gold mine.
But first the day ahead.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,158.60/oz (-0.03%)
Silver: US$24.21/oz (+0.16%)
Nickel (3mth): US$18,377/t (+2.03%)
Copper (3mth): US$8,653.00/t (+0.86%)
Oil (WTI): US$77.84 (+0.36%)
Oil (Brent): US$82.24 (+0.41%)
Iron 62pc Fe: US$111.00/t (+0.45%)
AUD/USD: 0.6612 (+0.09%)
Bitcoin: US$73,599 (+3.54%)
TRADING HALTS
These stocks went into trading halts yesterday and are expected out in the coming days:
Arafura Rare Earths (ASX:ARU) – debt financing support
Calidus Resources (ASX: CAI) –restructure of the company’s debt and hedge book
Singular Health Group (ASX: SHG) – capital raising
PSC Insurance Group (ASX: PSI) – media speculation in relation to potential takeover approaches for the company
QANTM Intellectual Property (ASX: QIP) – material transaction
Mayur Resources (ASX: MRL) – capital raising
Syrah Resources (ASX: SYR) – equity raising
Noronex (ASX: NRX) – capital raising and tenement acquisition
Magnetic Resources (ASX: MAU) – material capital raising
Theta Gold Mines (ASX: TGM) – information received from South Africa with regards to the environmental permitting for Mining Right (MR)83.
WHAT GOT YOU TALKING YESTERDAY?
In decades trading gold mines as a corporate advisor, Argonaut PCF vice chairman Liam Twigger has never seen the gulf between gold prices and equities “so wide”.
That will give rise to more takeovers and mergers as bigger companies look to use scrip to boost scale and engulf undercapitalised juniors.
Experts explain why #gold #mining #stocks have trailed record gold prices, and why that presents opportunities for investors.@stockheadau https://t.co/ODKdWNPiBI#ASX-listed $PGD is an excellent investment, with key explorer projects in #WA‘s #Pilbara region. $PGD.ax
— West_Perth_Ponderer (@ASX_invest) March 12, 2024
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 10.40am 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 Wednesday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap LBT LBT Innovations 0.028 100% 145,689,207 $17,651,426 SIH Sihayo Gold Limited 0.0015 50% 499,999 $12,204,256 VAL Valor Resources Ltd 0.003 50% 813,286 $9,178,027 SEN Senetas Corporation 0.024 41% 2,065,254 $26,711,817 DVL Dorsavi Ltd 0.018 38% 779,767 $7,756,601 SFG Seafarms Group Ltd 0.004 33% 145,500 $14,509,798 IS3 I Synergy Group Ltd 0.013 30% 114,459 $3,040,804 ASP Aspermont Limited 0.009 29% 366,000 $17,189,443 GRV Greenvale Energy Ltd 0.09 29% 289,367 $30,814,726 LRL Labyrinth Resources 0.005 25% 4,219,387 $4,750,175 KNG Kingsland Minerals 0.26 21% 815,928 $10,648,779 88E 88 Energy Ltd 0.006 20% 14,274,131 $125,620,313 PNX PNX Metals Limited 0.006 20% 5,559,062 $26,903,124 AQC Auspaccoal Ltd 0.08 18% 3,774,644 $34,881,796 1MC Morella Corporation 0.0035 17% 1,526,633 $18,536,398 NRZ Neurizer Ltd 0.0035 17% 13,661,349 $4,504,232 SRZ Stellar Resources 0.014 17% 5,723,996 $17,235,397 EQS Equitystorygroupltd 0.029 16% 53,965 $1,065,370 NIS Nickelsearch 0.03 15% 4,922,918 $5,552,104 HMD Heramed Limited 0.023 15% 911,410 $7,064,996 SGQ St George Min Ltd 0.023 15% 2,101,003 $19,770,809 KNI Kunikolimited 0.27 15% 380,018 $20,314,403 COD Coda Minerals Ltd 0.11 15% 36,975 $13,667,652 HOR Horseshoe Metals Ltd 0.008 14% 70,000 $4,525,351 PAA Pharmaust Limited 0.36 14% 1,386,059 $123,035,355
LBT Innovations (ASX:LBT) – which provides AI solutions to microbiology labs — successfully completes primary validation for its APAS PharmaQC product, “the final step in product development and technology commercialisation”.
Newly signed land access agreements (LAA) allow NickelSearch (ASX:NIS) to plan its first lithium drill program at the Carlingup project, where early surface exploration shows “compelling evidence” of a large scale LCT pegmatite system.
Long time dorsaVi (ASX:DVL) director Ashraf Attia has retired, with Gernot Abl – currently on the board of Lithium Universe (ASX:LU7 and Live Verdure (ASX:LV1)) — set to take his place.
In less than 12 months Kingsland Minerals (ASX:KNG) has delineated the largest graphite deposit in Australia and also one of the largest in the world.
The 14.2Mt resource at Leliyn in the Northern Territory is based on only 4km of the 20km outcropping graphitic schist.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are Wednesday’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap CPM Coopermetalslimited 0.14 -49% 6,554,211 $21,547,804 SKN Skin Elements Ltd 0.003 -40% 2,500,000 $2,947,430 OSX Osteopore Limited 0.33 -37% 129,362 $5,370,918 ADS Adslot Ltd. 0.002 -33% 102,100 $9,673,487 FAU First Au Ltd 0.002 -33% 52,575,146 $4,985,980 PUA Peak Minerals Ltd 0.002 -33% 25,000 $3,124,130 NTM Nt Minerals Limited 0.005 -29% 250,000 $6,019,320 AVE Avecho Biotech Ltd 0.003 -25% 5,183,482 $12,677,188 CTO Citigold Corp Ltd 0.003 -25% 829,523 $12,000,000 HCD Hydrocarbon Dynamic 0.003 -25% 28,692 $3,234,329 MIOR Macarthur Minerals – Rights 15-Mar-24 0.003 -25% 1 $133,003 RMI Resource Mining Corp 0.028 -24% 5,292,071 $21,916,869 AMD Arrow Minerals 0.0055 -21% 42,172,952 $53,086,356 ALV Alvomin 0.1 -20% 87,783 $11,641,289 ECT Env Clean Tech Ltd. 0.004 -20% 852,821 $14,321,552 EDE Eden Inv Ltd 0.002 -20% 706,717 $9,195,678 MCT Metalicity Limited 0.002 -20% 858,589 $11,212,634 RMX Red Mount Min Ltd 0.002 -20% 24,795,597 $6,683,940 ROG Red Sky Energy. 0.004 -20% 504,439 $27,111,136 WHK Whitehawk Limited 0.025 -17% 17,781,959 $13,252,788 CNJ Conico Ltd 0.0025 -17% 373,011 $4,710,285 MHC Manhattan Corp Ltd 0.0025 -17% 299,500 $8,810,939 PNM Pacific Nickel Mines 0.04 -17% 386,988 $20,076,149 RGS Regeneus Ltd 0.005 -17% 220,000 $1,838,621 JAL Jameson Resources 0.026 -16% 225,587 $13,507,733
Explorer Cooper Metals (ASX:CPM) says diamond drilling at the Brumby Ridge copper-gold prospect is not hitting the thick intercepts of copper mineralisation found in previous drilling.
“At this early stage of follow-up drilling, the implications for the size and grade potential of Brumby Ridge is not yet well understood, requiring more drill holes to determine its potential,” managing director Ian Warland says.
Medtech battler Osteopore (ASX:OSX) is raising $3m at a ludicrous 94.42% discount to last closing price.
Osteopore $OSX fall 42.3% to $0.3, set for their worst day, if losses hold. The medical technology firm announces entitlement offer to raise $3m to strengthen its balance sheet. The offer price of A$0.029 for placement represents a 94.4% discount to co’s last close on March 12.
— CommSec (@CommSec) March 13, 2024
How does that even happen? A poorly timed 15:1 consolidation, amongst other things.
“Despite the recent share consolidation exercise for reasons which were valid at that time, since then there has been further review of the company’s position and ability to raise additional funds, and in light of this the Board considers the raising is nonetheless required and urgent,” exec chairman Mark Leong says.
Meanwhile, iron ore hopeful Arrow Minerals (ASX:AMD) raised $10m at a 28.6% discount to the last traded price.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
