• Cettire founder and CEO Dean Mints has $47.2 million selloff
  • ASX remains in green with tech stocks leading charge
  • The Nickel price continues to plummet

Online fashion platform Cettire (ASX:CCT) founder and CEO Dean Mints has just pocketed himself a cool $47.2 million, after selling 35 million shares.

In announcement to the ASX today, Cetire said the sale followed the shares recent release from voluntary escrow and represented 9.18% of the company’s issued capital.

The sale was at a price of $1.35 per share in a block trade, representing a discount of 12.9% from Cettire’s last close and arranged by Highbury Partnership.

Mints remains Cettire’s largest shareholder, retaining a 56.72% shareholding in the company.

He confirmed he will not sell any further shares before the release of the company’s FY22 full year results.

“Cettire is a huge part of my life, it has phenomenal market opportunity and I remain fully committed to continuing to lead the company to grow shareholder value,” Mints said in the statement.

“The sale enables greater trading liquidity and a broadening of the share register and I look forward to welcoming new shareholders to the company.”

ASX remains green

The ASX remains in the green in mid-week morning trade, up ~35 points to 7,367 points at midday (AEST).

ASX tech stocks are leading the rally up ~3%, following the lead of the tech-heavy Nasdaq which was up almost 2% and led Wall Street in a bullish session overnight.

Afterpay parent Block Inc (ASX:SQ2), is up ~8.57% to ~$190, priming the US payments giant for its highest closing level since listing on the ASX two months ago.

The resources sector is in the red, down 085% today.

In commodities, nickel is still all over the shop and today prices tumbled by 28.36% to US$30,800 per tonne.

Iron ore is down 0.53% to US$149.68 per dry metric tonne, while Gold has fallen .03% to US$1921 per ounce.

Brent crude is up 0.22% to trade at $US114.83 a barrel, while WTI was up .11% to US$108.79 a barrel.

To cryptos, where Bitcoin has gained ~2.30% to trade at $US42,077 at 12.05pm AEDT, while the Aussie dollar is buying 75 US cents.


Here are the best performing ASX small cap stocks for March 23 [intraday]:

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Lachlan Star (ASX:KTA) surged in morning trade after the company announced positive results from its maiden aircore drilling program at the Koojan JV with Minerals 260 in the Julimar Mineral Province of  Western Australia.  The company was testing multiple gold, copper and PGE targets.

Cooper Metals (ASX:CPM) also rallied strongly today after announcing it had struck a deal to buy a strategic tenement at the Mt Isa East Project. EPM27537 is in the highly prospective Mt Isa Inlier and next to Cooper Metals tenement EPM27700, which holds the Python and King Solomon copper-gold prospects.


Here are the worst performing ASX small cap stocks for March 23 [intraday]:

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