It’s lunchtime story o’clock… and this one’s got treasure hunters, the FBI and nine tons of fabled stolen civil-war era gold.

Philadelphian treasure hunters Dennis and Kem Parada say the thieving Feds at the bureau pinched it all from right under their noses.

Legend says that the massive shipment of gold, bound for the US Mint in Philadelphia, was either lost or stolen along the way – but locals have speculated for generations that it was buried beneath soil at Dent’s Run, in remote western Pennsylvania.

A couple of those treasure hunters, Dennis and Kem Parada who co-own treasure-hunting outfit Finders Keepers (because that is a completely legitimate job in the US, apparently), so they found where it’s buried and led the FBI there in the hope of securing a finder’s fee.

Totally real:

But the whole thing went belly up, and the pair claims the FBI has continued the great treasure hunting tradition of doing the ol’ double cross, finding the treasure during a 2018 dig and making off with it in the dead of night.

According to documents released about the case, the FBI did dig around for a few days, and locals say they saw a convoy of armoured trucks enter and leave the site – but the Feds say they didn’t find a thing.

The treasure hunters are crying that the Feds have pocketed the treasure, the FBI says they’re obviously deluded and crazy with Gold Fever and the whole sorry mess looks like it’s heading back to court. Again.

The only safe bet on this story is that the woods around Dent’s Run will be neck-deep in treasure hunters for a while yet.

To Markets

The ASX 200 is lumbering towards a decent start to the week, despite a bit of a mixed bag of companies taking turns to grab the wheel.

Among the big players wrestling for control of the headlines is AGL (ASX:AGL), which shook the Monday morning cobwebs loose, dropping a bombshell about scrapping demerger plans.

The surviving board members at the gas giant are headed for the conference rooms to nut out its next moves, while its share price fell ~2.0%.

Meanwhile, investors seem comfortable that ANZ Bank (ASX:ANZ) has been sued by ASIC regulators for misleading its customers on how much money they had left to spend on their credit cards, adding ~0.3%.

In small cap news, there’s been a rush on Bubs Australia (ASX:BUB), after US President Joe Biden croaked into the microphone about a deal to import a massive shipment of Aussie baby formula to help the US hose down a supply crisis.

Our man Eddy Sunarto absolutely picked it this morning, and Bubs’ share price went rocketing for the stars, up ~63.0% (Yup… sixty three percent) before settling a more modest but still massive 42.0% at lunchtime.

The announcement was also good news for beleaguered baby-milkies A2 (ASX:A2M), as investors shook off recent news about class action lawsuits to add 10.2% to its price.

Overseas, and Wall Street’s decent climb on Friday has helped send a wave of momentum across the Pacific to lift Aussie stocks. Asian markets are rising well, with Hong Kong (+1.87) and Taiwan (+1.42%) shares duking it out for the top slot, while mainland Chinese shares rose a more sedate +0.5%.


Here are the best performing ASX small cap stocks for May 30 [intraday]:
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Southern Cross Gold (ASX:SXG) has just about jumped out of its skin, after revealing some super-positive results at its Sunday Creek project including eight high-grade +30g/t gold intersections.

And Tyranna Resources (ASX:TYX) – and its investors – have also been whistling a happy tune, after some hip results from its lithium project in Angola show the site’s worth a lot more exploring.


Here are the worst performing ASX small cap stocks for May 25 [intraday]:

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