Who else is feeling cocky today at lunch time. Pic via Getty Images
ASX Small Cap Lunch Wrap: Who else is feeling pretty cocky today?
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Haters gonna hate, and activists gonna get up to some solidly bizarre antics in their efforts to really stick it to the man, man.
And so it was in Albany, New York, where a group of activists expressed their active dissatisfaction with orderly and lawful court proceedings.
Things kicked off when a defendant decided to whip out their phone and start filming proceedings, and the judge was all like ‘Dude… no…’ and several people lost their cool and then things got all weird and activist-esque.
High-level dramatic panic of the “Oh God, they’re in my hair!!!” variety ensued when someone let hundreds of cockroaches loose inside the courtroom.
The building – like so very many stomachs – was immediately evacuated and police were called.
The cockroaches and all the alleged activists – save for 34-year-old Clyanna Lightbourn, who’s on the hook for at least five charges, including felony tampering with physical evidence – managed to make an unclean getaway.
And because New York state justice is a swift and decisive beast, the cockroaches have been convicted in absentia and now face the death penalty after fumigators were called in.
Word on the street is that pro-cockroach activists are planning a protest in response, calling on the global community to join in by scattering under the nearest couch or fridge every time someone turns on a light on 15 June.
Meanwhile, the Albany courthouse remains closed because cockroaches are super-gross.
TO MARKETS
The ASX 200 has had a positive start to the day, following Wall Street’s lead and recovering from yesterday’s dive after RBA Governor Philip Lowe committed what many heavily mortgaged homeowners no doubt consider a rate crime.
The index was up 0.66% by the time we were cracking open our lunch pails, the energy sector leading gains, up some 3.3%.
The big guys making the news include Atlas Arteria (ASX:ALS) which rose 16.3% as IFM Investors confirmed its takeover intentions snapping up nearly 15 % of the toll road operator as well as Sayona Mining (ASX:SYA), which drooped by 9.0% between brekky and lunch.
Sending investors completely berserk was Rimfire Pacific Mining (ASX:RIM), after the company announced that it is about to make serious bank after some exciting aircore drilling results:
- 34m @ 0.29% Ni, 0.15% Co, and 101ppm Sc from 6 metres including 16m @ 0.27% Ni, 0.22% Co, and 120ppm Sc from 8 metres
- 28m @ 0.53% Ni, 0.06% Co, and 41ppm Sc from 5 metres, including 5m @ 0.57% Ni, 0.09% Co, and 56 Sc from 16 metres
- 9m @ 0.16% Ni, 0.14% Co, and 111ppm Sc from 18 metres
If that wasn’t enough, there’s also multiple shallow platinum (PGE) drill intercepts in historical drill holes with no follow up drilling, returning:
- 44m @ 0.34g/t Pt + Pd from 8 metres including 8m @ 0.87g/t Pt + Pd from 10 metres and 2m @ 1.34g/t Pt + Pd from 12 metres
- 6m @ 0.72g/t Pt + Pd from 26 metres and 20m @ 0.80g/t Pt + Pd from 52 metres (Hole ended in mineralisation)
- 4m @ 0.61g/t Pt + Pd from 52 metres (Hole ended in mineralisation)
Rimfire’s share price was up more than 111% by lunch.
Not faring quite as well was Melbournian healthcare outfit Lumos Diagnostics (ASX:LDX), after the market rewarded its successful $11.2 million completion of the institutional component of a recent entitlement offer by sending share down to the tune of 43%.
Overseas, Wall Street turned things around after a few days in the doldrums, The S&P lifting 0.95%, the Nasdaq close behind rising 0.8% and the Dow playing Tail-End Charlie with a gain of 0.8%.
Asian markets continued to move forward this morning, Hong Kong adding 1.24%, Japan advancing 0.95% and Shanghai wobbling its way to a 0.23% gain.
Oil and gold went their separate ways, with crude prices up a teensy 0.07% and precious, precious gold dipping 0.06%.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for June 8 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Market Cap RIM Rimfire Pacific 0.018 100% $16,256,203 EVE EVE Health Group Ltd 0.0015 50% $4,309,809 AJQ Armour Energy Ltd 0.008 33% $12,236,708 AW1 Americanwestmetals 0.205 32% $11,900,125 CZR CZR Resources Ltd 0.022 29% $59,267,496 SI6 SI6 Metals Limited 0.009 29% $9,997,008 PRM Prominence Energy 0.0025 25% $4,849,218 OLY Olympio Metals Ltd 0.16 23% $4,949,298 SPD Southernpalladium 0.615 23% $21,539,164 DBO Diabloresources 0.063 21% $3,770,000 IMB Intelligent Monitor 0.145 21% $11,996,079 92E 92Energy 0.64 21% $37,484,170 GTR Gti Energy Ltd 0.018 20% $20,546,076 PEN Peninsula Energy Ltd 0.21 20% $174,526,833 XST Xstate Resources 0.003 20% $8,037,954 R3D R3D Resources Ltd 0.155 19% $12,945,739 CXZ Connexion Telematics 0.0105 17% $7,929,286 TTT Titomic Limited 0.21 17% $36,455,417 ARE Argonaut Resources 0.0035 17% $10,818,614 PGY Pilot Energy Ltd 0.022 16% $9,583,416 VMY Vimy Resources Ltd 0.22 16% $220,123,231 ALX Atlas Arteria 8.215 16% $6,809,029,405 AKO Akora Resources 0.225 15% $12,303,904 PG1 Pearl Global Ltd 0.015 15% $12,639,215 BTN Butn Limited 0.1725 15% $11,527,296
Rimfire has already had its well-earned shout-out, but other big gainers this morning were Eve Health Group (ASX:EVE), which says that the invitations are in the mail for its pro-rata non-renounceable rights offer. Eve climbed 50% this morning to $0.0015 a share.
Also bulking up for football were Armour Energy (ASX:AJQ) and the auto-correct busting American West Metals (ASX:AW1), piling on 33% and 32% respectively.
ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for June 8 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Market Cap MOZ Mosaic Brands Ltd 0.25 -44% $48,403,319 LDX Lumos Diagnostics 0.15 -37% $36,018,208 SMS Starmineralslimited 0.135 -36% $5,512,500 ANL Amani Gold Ltd 0.001 -33% $34,940,162 SIH Sihayo Gold Limited 0.002 -33% $18,306,384 CCE Carnegie Cln Energy 0.0015 -25% $30,205,147 ECG Ecargo Hldg 0.01 -23% $7,998,250 BXN Bioxyne Ltd 0.014 -22% $11,522,617 SRZ Stellar Resources 0.019 -21% $20,143,263 IAM Income Asset 0.175 -20% $60,768,581 GGX Gas2Grid Limited 0.002 -20% $10,145,255 W2V Way2Vatltd 0.049 -17% $8,151,401 MGG Mogul Games Grp Ltd 0.003 -14% $11,415,810 MRD Mount Ridley Mines 0.006 -14% $40,999,199 MTH Mithril Resources 0.006 -14% $20,441,631 TTB Total Brain Ltd 0.075 -14% $11,633,738 REC Rechargemetals 0.2 -13% $7,493,975 FAU First Au Ltd 0.014 -13% $13,102,575 CWX Carawine Resources 0.14 -13% $22,053,496 SZL Sezzle Inc. 0.405 -12% $92,314,404 DOR Doriemus PLC 0.075 -12% $10,230,269 HMY Harmoney Corp Ltd 0.895 -11% $102,029,154 FFI F.F.I. Holdings 5.49 -11% $66,499,068 MRI Myrewardsinternation 0.056 -11% $8,326,847 AUZ Australian Mines Ltd 0.094 -10% $48,565,819
