On Stockhead today, why Dave Flanagan thinks Guinea will be the next Pilbara, plastic that eats itself, and small caps acquisitions are the best acquisitions.
But first, the day ahead.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,203.03/oz (-0.79%)
Silver: US$25.45/oz (-0.62%)
Nickel (3mth): US$17,395/t (-2.67%)
Copper (3mth): US$8,976.50/t (-1.24%)
Oil (WTI): US$81.08 (-0.23%)
Oil (Brent): US$85.70 (-0.29%)
Iron 62pc Fe: US$108.50/t (0%)
AUD/USD: 0.6606 (+0.32%)
Bitcoin: US$66,839 (-0.23%)
TRADING HALTS
These stocks went into trading halts yesterday and are expected out in the coming days:
Gratifii (ASX:GTI) – capital raise
Electro Optic Systems (ASX:EOS) – capital raise
Pioneer Credit (ASX:PNC) – share placement to fund the acquisition of additional Purchased Debt Portfolios
ChemX Materials (ASX:CMX) – capital raise
Warriedar Resources (ASX:WA8) – capital raise
Sunshine Metals (ASX:SHN) – capital raise
Power Minerals (ASX:PNN) – capital raise and acquisition
WHAT GOT YOU TALKING YESTERDAY?
Gold stocks came to life as prices punched through another record high.
The All Gold index (XGD) added almost 4% as the major gold producers Evolution (4.5%), Northern Star (2.3%) and Newmont (up 3.6%) led the major winners.
gm: #gold broke $2,200 per ounce.
New all time high! pic.twitter.com/N31QFlCusz
— Jan Nieuwenhuijs (@JanGold_) March 21, 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 AOA Ausmon Resorces 0.003 50% 350,000 $2,117,999 AXP AXP Energy Ltd 0.0015 50% 8,566,842 $5,824,681 AYM Australia United Min 0.003 50% 1,359,547 $3,685,155 SIH Sihayo Gold Limited 0.0015 50% 250,000 $12,204,256 SIT Site Group Int Ltd 0.003 50% 17,361 $5,204,980 SRL Sunrise 0.65 41% 191,073 $41,504,649 GMN Gold Mountain Ltd 0.004 33% 70,396,407 $8,926,517 LNU Linius Tech Limited 0.002 33% 2,054,907 $7,795,111 CKA Cokal Ltd 0.093 31% 1,936,458 $76,605,378 FRX Flexiroam Limited 0.022 29% 1,940,003 $11,230,322 MRZ Mont Royal Resources 0.085 29% 87,216 $5,611,966 CLZ Classic Min Ltd 0.018 29% 6,541,657 $3,609,224 EXT Excite Technology 0.009 29% 409,549 $9,304,692 CC9 Chariot Corporation 0.28 27% 431,605 $17,992,999 NHE Nobleheliumlimited 0.115 25% 3,042,976 $33,678,602 EFE Eastern Resources 0.01 25% 27,373,251 $9,935,572 PRX Prodigy Gold NL 0.005 25% 3,230,000 $7,004,431 TAS Tasman Resources Ltd 0.005 25% 1,378,394 $2,850,677 GBE Globe Metals &Mining 0.043 23% 259,199 $23,655,366 AKG Academies Aus Grp 0.245 23% 4,004 $26,522,893 AUA Audeara 0.055 22% 141,644 $6,507,348 ASM Ausstratmaterials 1.435 21% 2,813,872 $198,482,459 LDR Lode Resources 0.085 20% 360,697 $7,581,674 ILT Iltani Resources Lim 0.155 19% 1,000 $4,421,366 LIS Lisenergylimited 0.155 19% 562,322 $83,226,030
Australian Strategic Materials (ASX:ASM) received a non-binding Letter of Interest from the Export-Import Bank of the United States for debt funding up to US$600m (A$923m) to build the Dubbo rare earths and critical minerals project.
It follows Export Finance Australia’s previous conditional finance support of A$200 million debt funding.
Ausmon Resources (ASX:AOA) returned “very encouraging” rare earths drill results from the Parrakie exploration license in South Australia.
Eastern Resources (ASX:EFE) returned several high grade lithium hits from drilling at its Lepidolite Hill project, including a highlight 11m at 2.27% Li2O from 49m (incl. 5m at 3.87% Li2O).
Indo coal stock Cokal (ASX:CKA) secured a 12-month revenue stream by chartering barges to “ensure continuous delivery” of its coal to market.
YESTERDAY’S SMALL CAP LAGGARDS
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap OSX Osteopore 0.005 -44% 1,628,878 $929,582 SCT Scout Security Ltd 0.008 -33% 4,800 $2,789,129 AML Aeon Metals Ltd. 0.006 -25% 440,188 $8,771,205 CTN Catalina Resources 0.003 -25% 50,000 $4,953,948 LSR Lodestar Minerals 0.0015 -25% 1,023,160 $4,046,795 MRD Mount Ridley Mines 0.0015 -25% 1,019,608 $15,569,766 TTI Traffic Technologies 0.006 -25% 4,223,830 $6,061,361 IS3 I Synergy Group Ltd 0.007 -22% 138,326 $2,736,723 AU1 The Agency Group Aus 0.028 -20% 504,517 $15,000,181 NWF Newfield Resources 0.1 -20% 2 $113,837,865 1CG One Click Group Ltd 0.008 -20% 65,590 $6,881,788 CAV Carnavale Resources 0.004 -20% 8,422,730 $17,117,759 HLX Helix Resources 0.004 -20% 27,401,991 $11,615,729 ME1 Melodiol Glb Health 0.004 -20% 186,397 $1,964,980 TMR Tempus Resources Ltd 0.004 -20% 375,000 $3,654,994 LIO Lion Energy Limited 0.029 -19% 2,313,101 $15,731,199 1AI Algorae Pharma 0.009 -18% 3,119,529 $18,274,877 MXO Motio Ltd 0.023 -18% 168,651 $7,509,554 BEX Bikeexchange Ltd 0.35 -18% 14,147 $7,921,279 LRD Lordresourceslimited 0.063 -17% 1,992,318 $2,822,041 MHC Manhattan Corp Ltd 0.0025 -17% 438,453 $8,810,939 PNX PNX Metals Limited 0.005 -17% 27,189 $32,283,748 SIS Simble Solutions 0.005 -17% 570,000 $4,194,234 XST Xstate Resources 0.016 -16% 48,936 $6,108,864 AUZ Australian Mines Ltd 0.011 -15% 18,197,512 $16,984,643
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