Thu. May 26th, 2022

At Stockhead today, Guy le Page is back in 2022, carbon offset prices could rise 50 times, and SpaceX engineers reinvent cargo rail.

But first the day ahead.

BHP’s association moved a step closer yesterday afternoon after overwhelming Australian deputies voted in favor of the move to combine its UK and Australian units, with around 96% supporting the resolutions at a general meeting.

The 1-on-1 share issue would make BHP Group a $ 220 billion company, accounting for about 10% of the value of the ASX 200.

Listing on ASX today is Orexplore Technologies (ASX: OXT), spun out on ASX as part of its owner Swicks (ASX: SWK) merger with DDH1 Drilling (ASX: DDH). The company’s key business is a mobile X-ray machine, which can scan a meter of drill core in 15 minutes.

Orexplore will start trading at noon AEDT.

TRADE STOPPER

The following companies are in trading stops and are expected to be out within the next few trading days:

Triangular energy (ASX: TEG) ASX price inquiry
DXN Ltd (ASX: DXN) ASX price inquiry
Alice Queen (ASX: AQX) – raise the cap
BlackEarth Minerals (ASX: BEM) – raise the cap
Arovella Therapeutics (ASX: ALA) – raise the cap
Askari Metals Limited (ASX: AS2) Acquisition and cap raise
Argonaut Resources (ASX: ARE) Announcement of Zambian assets
Telix Pharmaceuticals (ASX: TLX) – raise the cap

MARKETS (prices updated at 7.30 AEDT)

Gold: $ 1836.94 ($ 2,537.93 (-0.16%)

Silver: $ 24.19 (+0.30%)

Oil (WTI): 86.79 USD (-0.20%)

Oil (Brent): $ 88.20 (-0.27%)

Price: 223.10 USD (+0.95%)

Iron 62 pcs. Fe: USD 127.41 (-0.05%)

AUD / USD: 0.7235 USD (+0.33%)

Bitcoin: $ 42,190 ($ 58,315) (+0.37%)

WHAT MAKED YOU SPEAK YESTERDAY?

Because we never got to enjoy Victorian-era England, Scott Morrison suggested that children could drive forklifts to ease labor shortages.

It took less than a day for the prime minister, who actually rules the country, to strike back that idea. Morrison said it “came from the industry” and will not go any further.

In the small cap world, Arizona Lithiums (ASX: AZL) Big Sandy project was on your mind.

To stay up to date with Stockhead coverage, follow our Twitter page or join our Facebook group for members only here.

For all you crypto lovers, Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

Also make sure to check in at 10.20 every day for our daily ’10 at. 10 ‘column – a live overview of winners and losers at the opening bell.

YESTERDAY’S WINNERS

(Shares highlighted in yellow rose after announcements during the trading day).

Scroll or swipe to reveal the table. Click on headings to sort.

Rox Resources (ASX: RXL) and its junior JV partner Venus Metals Corporation (ASX: VMC) were up after increasing the resource on their Youanmi project in WA by 1.34 Moz to 3 Moz.

New battery metal player NiCo Resources (ASX: NC1) continued its red-hot start on listed life and rose again after a successful IPO on Wednesday, with the stock almost doubling at debut.

At just below 60c, NC1 has now risen almost 200% from its listing price within 48, as enthusiastic investors back the company to develop its Winnellina nickel / cobalt project.

It was spun out of Metals X (ASX: MLX), which has shifted its sole focus to the Renison tin mine in Tasmania.

Verification sampling by Critical Resources (ASX: CRR) has confirmed the high quality nature of their Mavis Lake lithium project, which returns assays of up to 3.06% lithium oxide.

YESTERDAY’S LOSERS

(Shares highlighted in yellow fell after announcements during the trading day).

Scroll or swipe to reveal the table. Click on headings to sort.

Lithium Power International’s (ASX: LPI) advanced definitive feasibility study (DFS) in ‘Maricunga’ lithium brine project was penalized by investors.

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