ASX Small Cap Lunch Wrap: Who’s taking the absolute pi$$ today?

The lure of celebrity boxing matches has survived in a post-COVID world, following some big news on the fight front this morning.

Retired pro boxer Floyd Mayweather is actually going to lace them up against YouTuber Logan Paul on June 6 (we know).

Minimum $$$ terms for the ludicrous matchup haven’t been disclosed. But we’re fairly sure the two sides are looking to leverage Mayweather’s well-crafted career as a boxing villain and Paul’s 26m YouTube followers into some tasty pay-per-view numbers.

Just last week, Paul’s brother Jake was rolling around in $US75 million (he claims) he collected from 1.5 million fans who paid to see him knock out some former UFC bum in the first round of their performance fight.

After going 50-0 as a pro, Mayweather hasn’t been afraid to get weird in retirement, highlighted by a strange bout against Japanese kickboxer Tenshin Nasukawa in 2018 (which he easily won).

Logan Paul boasts a sterling amateur record of 0-1-1, fighting fellow YouTuber KSI to a draw before copping a split-decision loss in the rematch.

He will probably look a fair bit taller on the night, with a 15cm height advantage over Mayweather and an extra 30lb he’s been allowed to carry. But aside from that, the evidence suggests he has no idea what he’s doing (other than getting paid. in. full.)

On markets, energy stocks pushed the ASX200 higher as Brent oil climbed back above $US65 a barrel, but it’s so far been another fairly listless day in Asian trade.

The Aussie dollar slipped back slightly after inflation data for the March quarter came in weaker than expected.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday April 28:

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

Morning gains were led by the resources sector, as Mount Burgess Mining (ASX:MTB) almost doubled following an update from its Kihabe vanadium deposit in Botswana.

The company said mineralogical test work on drill holes, carried out at labs in Italy and WA, revealed the oxide mineral descloizite as the dominant host for vanadium at the site.

It was also a good morning for Fin Resources Limited (ASX:FIN), which announced a $1.6m share placement and entered into a binding agreement to acquire an 80pc stake in the North Onslow solar salt project on the coast of WA.

Leading the tech charge was nanocap product authentication software company DataDot Technology (ASX:DDT), following the release of its 4C filing which showed positive operating cash flows of $279,500, on cash receipts of 828,600.
 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday April 28:

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