On Stockhead today, Guy’s having a religious moment about lithium brines, and BHP’s pretty proud of its cost controls.
But first, the day ahead.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,154.61/oz (-0.24%)
Silver: US$24.91/oz (-0.52%)
Nickel (3mth): US$18,074/t (-0.02%)
Copper (3mth): US$9,072.00/t (+2.08%)
Oil (WTI): US$82.57 (-0.19%)
Oil (Brent): US$86.57 (-0.37%)
Iron 62pc Fe: US$104.50/t (+2.04%)
AUD/USD: 0.6510 (-0.74%)
Bitcoin: US$63,042 (-6.41%)
TRADING HALTS
These stocks went into trading halts yesterday and are expected out in the coming days:
Globe Metals & Mining (ASX:GBE) – metallurgical results
Holista Colltech (ASX:HCT) – outcome of the Federal Court Hearing judgment in relation to the ASIC’s civil penalty proceedings against the company
TMK Energy (ASX:TMK) – capital raising
Torque Metals (ASX:TOR) – capital raising
WHAT GOT YOU TALKING YESTERDAY?
Copper is warming up. What does the future hold?
Where do you think #copper will be in 12 months? Vote now
— Stockhead (@StockheadAU) March 19, 2024
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Also, be sure to check Stockhead 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 SMALL CAP LEADERS
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap OSX Osteopore Limited – Rights 22-Mar-24 Def 0.015 114% 485,270 $723,008 ICU Investor Centre Ltd 0.023 64% 2,358,318 $4,244,773 UBI Universal Biosensors 0.245 53% 24,827,596 $33,979,110 CCZ Castillo Copper Ltd 0.006 50% 3,950,620 $5,198,021 GCM Green Critical Min 0.006 50% 186,609 $4,546,340 NGY Nuenergy Gas Ltd 0.031 41% 4,754 $32,581,021 SHO Sportshero Ltd 0.014 40% 616,945 $6,178,328 YAR Yari Minerals Ltd 0.007 40% 324,246 $2,411,789 BYH Bryah Resources Ltd 0.011 38% 8,617,954 $3,483,628 MAG Magmatic Resrce Ltd 0.09 36% 1,779,019 $25,188,171 ZNO Zoono Group Ltd 0.07 35% 1,519,138 $11,111,224 AUK Aumake Limited 0.004 33% 248,000 $5,743,220 MEL Metgasco Ltd 0.008 33% 944,347 $6,383,320 TGN Tungsten Min NL 0.085 33% 634,106 $50,330,513 AL8 Alderan Resource Ltd 0.005 25% 240,000 $4,427,445 KOR Korab Resources 0.01 25% 173,000 $2,936,400 MCT Metalicity Limited 0.0025 25% 6,003,624 $8,970,108 NVQ Noviqtech Limited 0.005 25% 1,895,041 $5,937,781 TMR Tempus Resources Ltd 0.005 25% 1,867,499 $2,923,995 YOJ Yojee Limited 0.055 25% 492,623 $11,076,989 FLX Felix Group 0.18 24% 35,000 $29,652,458 HXG Hexagon Energy 0.027 23% 5,554,239 $11,284,150 ICE Icetana Limited 0.033 22% 271,433 $7,144,968 AXN Alliance Nickel Ltd 0.04 21% 292,711 $23,952,707 SCL Schrole Group Ltd 0.2 21% 577,645 $5,932,583
Universal Biosensors (ASX:UBI) can now sell its l Xprecia Prime Coagulation Analyzer into the USA after receiving FDA 510(k) and CLIA Waiver approval.
“This FDA approval represents the first opportunity in UBI’s history to access the lucrative (and fully reimbursed) USA market,” UBI CEO John Sharman says.
“Our expectation is Xprecia Prime will qualify under the existing reimbursement codes used by Medicare, Medicaid and USA Health insurers.
“UBI has a pipeline of sales and distribution contracts already in negotiation and now that we have FDA approval we expect to conclude some, if not all of these contracts, win market share and generate substantial revenue for the company.”
Exploration is about to kick off at Magmatic Resources’ (ASX:MAG) 100%-owned Wellington North project, right next door to Alkane Resources’ (ASX:ALK) 15.7Moz Au-equivalent Boda-Kaiser discovery in NSW’s Lachlan Fold.
And training software firm Schrole (ASX:SCL) says human resources software sales in January and February surged 190% and 1392%, respectively, on the same period last year.
Total software sales year to date are up 144% on the same time last year.
YESTERDAY’S SMALL CAP LAGGARDS
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap RWD Reward Minerals Ltd 0.03 -40% 2,155,361 $11,392,657 SIH Sihayo Gold Limited 0.001 -33% 55,000 $18,306,384 SIT Site Group Int Ltd 0.002 -33% 900,000 $7,807,471 OLH Oldfields Holdings 0.08 -27% 138,712 $21,973,154 ADX ADX Energy Ltd 0.18 -22% 26,059,560 $98,631,612 BEO Beonic Ltd 0.02 -20% 160,022 $10,612,374 ECT Env Clean Tech Ltd. 0.004 -20% 39,498 $14,321,552 ESR Estrella Res Ltd 0.004 -20% 49,002 $8,796,859 KPO Kalina Power Limited 0.004 -20% 10,471,469 $11,050,640 SGC Sacgasco Ltd 0.008 -20% 310,824 $7,796,871 ABE Ausbondexchange 0.021 -19% 144,977 $2,929,371 NIM Nimyresourceslimited 0.055 -18% 319,762 $9,408,382 KAM K2 Asset Mgmt Hldgs 0.05 -17% 27,780 $14,465,112 88E 88 Energy Ltd 0.005 -17% 37,672,590 $150,744,375 BLZ Blaze Minerals Ltd 0.005 -17% 260,222 $3,771,349 GTI Gratifii 0.005 -17% 171,141 $8,215,336 LPD Lepidico Ltd 0.005 -17% 3,950,248 $45,829,848 MEM Memphasys Ltd 0.01 -17% 3,802,295 $16,412,907 MOM Moab Minerals Ltd 0.005 -17% 258,922 $4,271,781 MTB Mount Burgess Mining 0.0025 -17% 3,338,340 $3,134,440 OLL Openlearning 0.02 -17% 59,311 $6,428,858 SNS Sensen Networks Ltd 0.02 -17% 700,893 $18,563,412 LYK Lykosmetalslimited 0.027 -16% 20,000 $6,027,378 AYT Austin Metals Ltd 0.006 -14% 3,000,000 $8,996,339 CDT Castle Minerals 0.006 -14% 636,779 $8,571,451
Reward Minerals’ (ASX:RWD) plan to buy the mothballed Beyondie sulphate of potash (SOP) project for the bargain price of $20m from the administrators of Kalium Lakes was terminated after the minnow was unable to raise the required cash.
“Reward has advised that it has been unable to secure sufficient funding to complete the SSA [share sale agreement] and therefore is unable to satisfy the conditions precedent,” the administrators say.
“The Receivers have therefore executed a termination deed with Reward as at today’s date.
“Kalium Lakes Potash Pty Ltd and Kalium Lakes Infrastructure Pty Ltd are now expected to enter liquidation in the coming days.”
Developed and built for an initial ~$400m in 2021, the operation soon hit difficulties during ramp-up which forced Kalium to tap the market for another +$100m.
The company was put out of its misery with the appointment of receivers in August last year.
It represents a nightmare-inducing period for WA SOP investors which also saw Salt Lake Potash (ASX:SO4) go into receivership owing US$127 million in 2021.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
