{"id":3785,"date":"2023-12-28T05:53:26","date_gmt":"2023-12-28T05:53:26","guid":{"rendered":"https:\/\/economicherald.net\/?p=3785"},"modified":"2023-12-28T05:53:26","modified_gmt":"2023-12-28T05:53:26","slug":"closing-bell-asx-dealmakers-dont-go-on-holiday-it-seems","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3785","title":{"rendered":"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems"},"content":{"rendered":"

ASX 200 up ~0.7%, nearing record high
\nSmall Cap Winners: EUR, ATR
\nSmall Cap Losers: BME, R3D<\/p>\n

\u00a0<\/p>\n

The ASX 200 Index was up Thursday, gaining 0.70% on classic pre-New Year\u2019s \u2018lower than normal\u2019 volume.<\/p>\n

We are close to an all-time record.<\/p>\n

The S&P\/ASX 200 index on Thursday finished up 53,1 points, or 0.7 per cent, to 7614.3 \u2013 14.6 points away from record high set August 13 2021#ausecon<\/a> #auspol<\/a><\/p>\n

\u2014 Craig James (@craigjamesOZ) December 28, 2023<\/a><\/p>\n\n

ASX 200 index at 20-month high
\nAnother test of record level
\nThere have been about four previous attempts
\nOptimism that the US is winning the battle against inflation is main catalyst for global Santa Claus rally #ausecon<\/a> #auspol<\/a><\/p>\n

\u2014 Craig James (@craigjamesOZ) December 28, 2023<\/a><\/p>\n\n

10 out of 11 sectors were higher, led by IT with a 1.03% gain.<\/p>\n

\u00a0<\/p>\n

TRADING HALTS<\/h2>\n

These stocks entered trading halts Thursday and are expected out in the coming days:<\/em><\/p>\n

Calima Energy (ASX:CE1)<\/a> \u2013 sale of the Blackspur assets<\/p>\n

CZR Resources (ASX:CZR)<\/a> \u2013 corporate transaction in relation to the company\u2019s Robe Mesa iron ore project<\/p>\n

\u00a0<\/p>\n

THURSDAY\u2019S LARGE CAP MOVERS<\/h2>\n

Winners <\/h2>\n

Champion Iron (ASX:CIA)<\/a> +4%<\/p>\n

Sandfire Resources (ASX:SFR)<\/a> +2.5%<\/p>\n

Auckland International Airport (ASX:AIA)<\/a> +2.5%<\/p>\n

Fortescue Metals (ASX:FMG)<\/a> +2%<\/p>\n

\u00a0<\/em><\/p>\n

Losers <\/h2>\n

Boss Energy (ASX:BOE)<\/a> -3.5%<\/p>\n

Tuas (ASX:TUA)<\/a> -3%<\/p>\n

De Grey Mining (ASX:DEG)<\/a> -2.5%<\/p>\n

Cettire (ASX:CTT)<\/a> -2.5%<\/p>\n

\u00a0<\/em><\/p>\n

SMALL CAP LEADERS<\/h2>\n

Today\u2019s best performing ASX small cap stocks:<\/strong><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n

<\/div>\n
CODE COMPANY PRICE % VOLUME MARKET CAP ME1 Melodiol Glb Health 0.002 100% 840,669 $4,728,824 EUR European Lithium Ltd 0.097 35% 21,960,890 $100,385,221 FAU First Au Ltd 0.004 33% 621,262 $4,985,980 QUE Queste Communication 0.04 29% 223,785 $839,242 ATR Astron Corp Ltd 0.58 27% 51,169 $71,336,820 RNO Rhinomed Ltd 0.03 25% 243,119 $6,857,273 TX3 Trinex Minerals Ltd 0.0075 25% 3,253,832 $8,922,148 ESR Estrella Res Ltd 0.005 25% 410,245 $7,037,487 KNM Kneomedia Limited 0.0025 25% 200,000 $3,066,543 WZR Wisr Ltd 0.04 25% 9,681,513 $43,667,666 AHI Advanced Health 0.135 23% 815,513 $25,723,936 T3D 333D Limited 0.028 22% 240,187 $2,747,234 CR9 Corellares 0.023 21% 144,267 $8,836,727 ADS Adslot Ltd. 0.003 20% 695,016 $8,061,239 SFG Seafarms Group Ltd 0.006 20% 135,000 $24,182,996 M24 Mamba Exploration 0.05 19% 558,400 $2,561,300 SBR Sabre Resources 0.032 19% 2,209,263 $9,776,397 EMS Eastern Metals 0.039 18% 78,912 $2,720,066 AUN Aurumin 0.026 18% 1,495,381 $7,005,748 BDG Black Dragon Gold 0.033 18% 158,529 $5,618,762 EOF Ecofibre Limited 0.165 18% 9,667 $53,042,346 DCL Domacom Limited 0.02 18% 424 $7,403,530 RC1 Redcastle Resources 0.014 17% 93,000 $3,939,410 RIE Riedel Resources Ltd 0.0035 17% 2,603,328 $6,178,221 RIL Redivium Limited 0.007 17% 656,000 $16,385,129 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

After going back and forth with the all-powerful SEC for more than a year European Lithium (ASX:EUR)<\/a> finally has permission to sell its Wolfsberg lithium project to a SPAC called Sizzle.<\/p>\n

Also known as\u00a0blank check companies<\/a>, SPACs are formed with no assets for the purpose of acquiring or merging with an existing company.<\/p>\n

The resultant NASDAQ listed co, Critical Metals Corp, will own the small but advanced 12.8Mt Wolfsberg project.<\/p>\n

A DFS earlier this year projected an integrated Wolfsberg hydroxide operation would cost US$866m to build, and have breakeven operating costs of US$17,016\/t.<\/p>\n

Upon the closing of the transaction, EUR will be issued US$750 million worth of shares in Critical Metals, giving it majority ownership.<\/p>\n

Mineral sands miner Astron (ASX:ATR)<\/a> has inked a non-binding Memorandum of Understanding with the US\u2019 largest uranium producer, Energy Fuels, \u00a0to jointly develop the 2.6 billion tonne Donald rare earths and mineral sands project in Victoria.<\/p>\n

Donald could be a globally significant, long-life supplier of critical rare earth elements (REE), including neodymium, praseodymium, dysprosium, and terbium as well as zirconium and titanium minerals, ATR says.<\/p>\n

Energy Fuels to invest A$180 million to earn 49% of the JV, plus issue ATR US$17.5m worth of shares.<\/p>\n

\u00a0<\/p>\n

SMALL CAP LAGGARDS<\/h2>\n

Today\u2019s worst performing ASX small cap stocks:<\/strong><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n

<\/div>\n
CODE COMPANY PRICE % VOLUME MARKET CAP BME Blackmountainenergy 0.012 -43% 3,892,834 $8,047,708 AGR Aguia Res Ltd 0.017 -26% 4,704,362 $11,626,060 AVW Avira Resources Ltd 0.0015 -25% 2,113,605 $4,267,580 MHC Manhattan Corp Ltd 0.003 -25% 1,439,427 $11,747,919 EXT Excite Technology 0.007 -22% 496,539 $11,963,176 R3D R3D Resources Ltd 0.041 -21% 94,858 $7,923,322 HPC Thehydration 0.02 -20% 62,710 $6,628,545 CHK Cohiba Min Ltd 0.002 -20% 684,839 $6,325,575 ERL Empire Resources 0.004 -20% 100,000 $5,564,675 AML Aeon Metals Ltd. 0.009 -18% 248,800 $12,060,407 JPR Jupiter Energy 0.018 -18% 9,999 $27,947,266 HCD Hydrocarbon Dynamic 0.005 -17% 1,620,000 $3,897,995 SI6 SI6 Metals Limited 0.005 -17% 13,987,903 $11,963,157 TSO Tesoro Gold Ltd 0.027 -16% 1,411,707 $36,831,691 DYM Dynamicmetalslimited 0.14 -15% 58,800 $5,775,000 HOR Horseshoe Metals Ltd 0.006 -14% 58,000 $4,504,351 BKY Berkeley Energia Ltd 0.295 -13% 488,243 $151,570,883 NES Nelson Resources. 0.0035 -13% 650,000 $2,454,377 CC9 Chariot Corporation 0.53 -12% 303,757 $44,365,599 DGR DGR Global Ltd 0.023 -12% 725,585 $27,136,030 ZMI Zinc of Ireland NL 0.016 -11% 2,997 $3,836,597 HFY Hubify Ltd 0.017 -11% 705,229 $9,426,590 PPK PPK Group Limited 0.895 -11% 104,629 $89,289,293 LGP Little Green Pharma 0.13 -10% 29,876 $43,513,519 KLI Killiresources 0.045 -10% 105,000 $2,978,753 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

~$5m capped oil and gas play Black Mountain Energy (ASX:BME)<\/a> has lodged a formal request to be removed from the official list of the ASX because \u201cthe market has significantly undervalued [the company] and its assets.\u201d<\/p>\n

The company listed on the ASX in December 2021 after an $11m IPO.<\/p>\n

<\/span><\/p>\n

The post Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ASX 200 up ~0.7%, nearing record high Small Cap Winners: EUR, ATR Small Cap Losers: BME, R3D \u00a0 The ASX 200 Index was up Thursday, [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nClosing Bell: ASX dealmakers don\u2019t go on holiday, it seems - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=3785\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"ASX 200 up ~0.7%, nearing record high Small Cap Winners: EUR, ATR Small Cap Losers: BME, R3D \u00a0 The ASX 200 Index was up Thursday, [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=3785\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-28T05:53:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-97229750-svn7gW.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems\",\"datePublished\":\"2023-12-28T05:53:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785\"},\"wordCount\":742,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-97229750-svn7gW.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=3785#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=3785\",\"name\":\"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-97229750-svn7gW.jpeg\",\"datePublished\":\"2023-12-28T05:53:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=3785\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-97229750-svn7gW.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-97229750-svn7gW.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=3785#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=3785","og_locale":"en_US","og_type":"article","og_title":"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems - Economic Herald","og_description":"ASX 200 up ~0.7%, nearing record high Small Cap Winners: EUR, ATR Small Cap Losers: BME, R3D \u00a0 The ASX 200 Index was up Thursday, [more...]","og_url":"https:\/\/economicherald.net\/?p=3785","og_site_name":"Economic Herald","article_published_time":"2023-12-28T05:53:26+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-97229750-svn7gW.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=3785#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=3785"},"author":{"name":"","@id":""},"headline":"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems","datePublished":"2023-12-28T05:53:26+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=3785"},"wordCount":742,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=3785#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-97229750-svn7gW.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=3785#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=3785","url":"https:\/\/economicherald.net\/?p=3785","name":"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=3785#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=3785#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-97229750-svn7gW.jpeg","datePublished":"2023-12-28T05:53:26+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=3785#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=3785"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=3785#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-97229750-svn7gW.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-97229750-svn7gW.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=3785#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Closing Bell: ASX dealmakers don\u2019t go on holiday, it seems"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/3785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3785"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/3785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/3786"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}