Connect with us

Uncategorized

ASX Small Caps Lunch Wrap: Who’s making some pretty outrageous predictions for 2023?

Patriot Battery Metals has made its ASX debut and leads the small caps winners on the ASX today with the … Read More
The post ASX Small Caps Lunch Wrap:…

Share this article:

Published

on

This article was originally published by Stockhead

“And so this is Christmas and what have you done? Another year over and a new one’s just begun”….

Happy Xmas (War is Over), first released in 1971 by John Lennon (and to be technical Yoko Ono, Plastic Ono band & Harlem Community Choir), can certainly make you reflect on the year gone by and what is in store for the next one.

Well, according to Saxo, 2023 is shaping up to be a BIG one with the online trading platform today releasing its 10 Outrageous Predictions for 2023.

Landing in my inbox this morning, the release on the predictions says they focus on “a series of unlikely but underappreciated events, which if they were to occur, would send shockwaves across the financial markets as well as political and popular cultures.

Saxo said the predictions are a “thought experiment in considering the full extent of what is possible, even if not necessarily probable” and occassionally, they even come true.

The company recently released its ‘Outrageous predictions that weren’t so outrageous’ , correctly predicting the UK’s exit from the European union.

So just what are the Top 10 outrageous predictions for 2023?

  1. Billionaire coalition creates trillion-dollar Manhattan Project for energy
  2. French President Macron resigns
  3. Gold rockets to USD 3,000 as central banks fail on inflation mandate
  4. EU Army forces EU down path to full union
  5. A country agrees to ban all meat production by 2030
  6. UK holds UnBrexit referendum
  7. Widespread price controls are introduced to cap official inflation
  8. OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve asset
  9. USDJPY fixed to the USD at 200 as Japan overhauls financial system
  10. Tax haven ban kills private equity

“This year’s Outrageous Predictions argue that any belief in a return to the disinflationary pre-pandemic dynamic is impossible because we have entered into a global war economy, with every major power across the world now scrambling to shore up their national security
on all fronts – whether in an actual military sense, or due to profound supply-chain, energy and even financial insecurities that have been laid bare by the pandemic experience and Russia’s invasion of Ukraine,” Saxo CIO Steen Jakobsen said.

Indeed.

Anyway…

To markets…..

Australian markets were lower in their mid-week morning session, tracking losses on Wall Street overnight, where the S&P 500 fell 1.4%, the Nasdaq was down 2% lower and the Dow Jones fell 1%.

That’s spooking investors who appear to be heeding warnings from bank chiefs of a potential US recession in 2023. And yesterday, at its last meeting for 2022, the RBA raised the cash rate by 25bps to 3.1%.  The central bank has raised rates eight times from a record low of 0.1% in early May as it works to put the inflation genie back in the bottle.

By 1pm AEDT the S&P/ASX 200 had fallen 0.80%. All sectors were in the red except Utilities which was up 0.19% and Materials which was up 0.11%. Leading the laggards was the IT sector, down 2.52% followed by Energy 1.65%.

 

Source: CommSec

 

Making headlines is the Queensland government’s controversial new coal royalties scheme, forecast to generate four times as much money as originally estimated. Queensland Treasurer Cameron Dick is set to announce today (he hasn’t done it yet at time of writing) a 286% in the projected revenue haul from the government’s coal royalty hike, with the estimated figure jumping from $765m to $2.95 billion.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for December 6 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
AO1 Assetowl Limited 0.001 -50% 350,000 $3,144,260
MEB Medibio Limited 0.001 -50% 210,972 $6,641,188
MGTDB Magnetite Mines 0.63 -26% 243,155 $64,460,252
MTL Mantle Minerals Ltd 0.003 -25% 584,263 $21,382,420
BIO Biome Australia Ltd 0.065 -19% 110,000 $12,844,025
COY Coppermoly Limited 0.009 -18% 211,270 $24,133,526
LYK Lykos Metals 0.1 -17% 13,099 $7,488,000
GLV Global Oil & Gas 0.0025 -17% 1,446,611 $6,857,567
NES Nelson Resources. 0.006 -14% 300,010 $4,120,160
LAW Lawfinance Ltd 0.065 -13% 273,376 $4,790,074
BGL Bellevue Gold Ltd 1.05 -13% 8,342,716 $1,267,508,098
KTG K-Tig Limited 0.1 -13% 60,077 $20,827,795
REM Remsense Technologies 0.135 -13% 27,000 $5,651,544
ADY Admiralty Resources 0.007 -13% 192,100 $10,428,633
MCT Metalicity Limited 0.0035 -13% 20,000 $13,968,157
NZS New Zealand Coastal 0.0035 -13% 1,008,292 $4,508,020
OPL Opyl Limited 0.035 -13% 15,001 $2,175,415
EOF Ecofibre Limited 0.25 -12% 160,000 $99,526,147
ARD Argent Minerals 0.015 -12% 600,000 $19,928,392
DW8DD DW8 Limited 0.03 -12% 811,651 $3,808,062
W2V Way2Vatltd 0.03 -12% 416,702 $6,046,703
AXP AXP Energy Ltd 0.004 -11% 217,476 $26,211,063
CXU Cauldron Energy Ltd 0.008 -11% 421,111 $5,467,899
HXG Hexagon Energy 0.016 -11% 858,111 $9,232,486
LNU Linius Tech Limited 0.004 -11% 1,543,545 $12,007,618

Heads, shoulders, daylight and streets ahead of everyone this morning is freshly dual-listed lithium explorer Patriot Battery Metals (ASX:PMT).

It raised $4,200,000 at an issue price of $0.60 per CDI. This morning, those shareholders were enjoying near 100pc returns as PMT shot to $1.16 just before the lunch bell.

Patriot owns 214sqkm of prime spod exploration ground including the Corvette discovery, a 50km trend littered with spodumene outcrop it hopes could be the next major North American lithium discovery.

Among the leadership team is a modern lithium legend – Ken Brinsden.
He is famed not only for helping turn Pilbara Minerals (ASX:PLS) from a penny dreadful into a $15 billion lithium giant, but also for driving the development of its Battery Material Exchange auction platform to uncover the true market value of Australian lithium concentrate.

READ: Industry legend and ex-Pilbara Minerals boss Ken Brinsden is singing ‘O Canada’ in return to ASX lithium market

Spenda (ASX:SPX) has announced that, following completion of a recent pilot program, Carpet Court has committed to integrate the Spenda Platform into its standard operating environment across all its member stores, with target integration by April 2023.

The retail flooring company has a growing network of 205 franchised stores in every Australian state and territory. SPX said payments processed via its platform increase productivity and create efficiencies for both individual member stores and Carpet Court’s National Support Centre by automatically allocating and reconciling payments in the accounts payable ledger and accounts receivable ledger of the store and NSC, respectively.

ASX SMALL CAP LOSERS

Here are the most-worst performing ASX small cap stocks for December 6 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
AO1 Assetowl Limited 0.001 -50% 350,000 $3,144,260
MEB Medibio Limited 0.001 -50% 210,972 $6,641,188
MGTDB Magnetite Mines 0.63 -26% 243,155 $64,460,252
MTL Mantle Minerals Ltd 0.003 -25% 584,263 $21,382,420
BIO Biome Australia Ltd 0.065 -19% 110,000 $12,844,025
COY Coppermoly Limited 0.009 -18% 211,270 $24,133,526
LYK Lykosmetalslimited 0.1 -17% 13,099 $7,488,000
GLV Global Oil & Gas 0.0025 -17% 1,446,611 $6,857,567
NES Nelson Resources. 0.006 -14% 300,010 $4,120,160
LAW Lawfinance Ltd 0.065 -13% 273,376 $4,790,074
BGL Bellevue Gold Ltd 1.05 -13% 8,342,716 $1,267,508,098
KTG K-Tig Limited 0.1 -13% 60,077 $20,827,795
REM Remsense Technologies 0.135 -13% 27,000 $5,651,544
ADY Admiralty Resources 0.007 -13% 192,100 $10,428,633
MCT Metalicity Limited 0.0035 -13% 20,000 $13,968,157
NZS New Zealand Coastal 0.0035 -13% 1,008,292 $4,508,020
OPL Opyl Limited 0.035 -13% 15,001 $2,175,415
EOF Ecofibre Limited 0.25 -12% 160,000 $99,526,147
ARD Argent Minerals 0.015 -12% 600,000 $19,928,392
DW8DD DW8 Limited 0.03 -12% 811,651 $3,808,062
W2V Way2Vatltd 0.03 -12% 416,702 $6,046,703
AXP AXP Energy Ltd 0.004 -11% 217,476 $26,211,063
CXU Cauldron Energy Ltd 0.008 -11% 421,111 $5,467,899
HXG Hexagon Energy 0.016 -11% 858,111 $9,232,486


The post ASX Small Caps Lunch Wrap: Who’s making some pretty outrageous predictions for 2023? appeared first on Stockhead.





Share this article:

Uncategorized

Legislators Seek Repeal of Wisconsin’s Controversial Sales Tax on Gold and Silver

A large bipartisan contingent of Wisconsin legislators seek to end Wisconsin’s controversial practice of levying sales tax on purchases of gold and …

Share this article:

Continue Reading
Uncategorized

Wisconsin Lawmakers Introduce Measure to End Sales Tax on Sound Money

A large bipartisan contingent of Wisconsin legislators seek to end Wisconsin’s outdated practice of levying sales tax on purchases of gold and silve…

Share this article:

Continue Reading
Uncategorized

Gold Is Shining Again (After the Fed Killed King Dollar…Again)

For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: After fueling inflation in 2021, the…

Share this article:

Continue Reading

Trending