The “we want some grandkids” is a faded old trope, so ancient that anthropologists have been collecting crudely-carved statues of cranky-looking parents dating back to the time when Jesus rode the dinosaurs to an emphatic victory against the Flintstones. Possibly.

But anyway, this version of that tale (the grandkids one, not the blasphemy) is bonkers with a capital “WTF”. And that’s because 61-year-old Sanjeev Ranjan Prasad has taken it to a whole new level of weird, taking his son and daughter-in-law to court.

Prasad says his son’s been married for six years, and has so far failed to produce a bouncing bundle of joy for he and his wife to dote on and shower with their love, until it poops or cries and they can hand it back to someone else to handle.

To encourage a bit of ‘movement at the station’, Prasad has reportedly asked the court to help him enforce an ultimatum: Crank out a kid, or cough up some money.

I sentence you to 15 hours of hard labour… geddit? Hard labour? Because it’s about having a baby. Pic via Getty

And we’re not talking small potatoes, either. According to the court filing, the young couple have just 12 months to add a new branch to the family tree before they’re hit with an eye-watering $950,000 (50 million Rupee) fine.

There’s some unfathomably difficult mental gymnastics involved in the back-end of this tale, but the upshot is a potentially life-crippling lawsuit if the stork fails to deliver… just the ticket to trigger the kind of performance anxiety that’s guaranteed to end any shot at hitting a deadline in the baby-making department.

Speaking of deadlines, here’s a quick look at what’s been happening on the markets this morning.


What a glorious feeling it is, the day after everyone stops taking their crazy pills and cooler heads are allowed to prevail – which saw Aussie markets open this morning without feeling the need to let the street run red with blood (or ink – it was hard to tell).

The ASX 200 dropped a relatively, and mercifully, small 0.2%, with the benchmark falling a little deeper into the red, pushed lower almost immediately following the Fair Work Commission’s delivery of an early win for the Albanese government, which arrived in the form of a ~5% pay bump for more than 2 million Australian workers.

Energy and Health Care were the major sectors moonlighting as millstones around the market’s neck this morning, each dropping more than 1.0% before lunch, with small gains across Consumer Staples and Financials helping to turn down the heat.

Up in the heavy end of the market, Novonix Limited (ASX:NVX) took a bit of a pounding throughout the morning, dropping around 8.4%.

It was mostly movement in the cheap seats providing success stories this morning, but we’ll get to them in a bit… here at Lunch Wrap, we like to take you round the world before bringing you back down to earth, because that’s just the kind of people we are.

First though, we’re off to the United States, where Wall Street also took a welcome break from setting fire to piles of furniture in the streets to post far more modest losses.

The Dow fell furthest, down just 0.5%, with the S&P (-0.38%) and the Nasdaq (-0.18%) trailing behind. Happy days.

Closer to home, Japanese shares were also in the red, falling 0.58%.

However, Chinese and Hong Kong shares all skipped merrily into greener pastures, hand in hand with better than expected economic data for May, defying early analysis that suggested Covid would have rained pretty heavily on that parade.

In the commodities column, oil and gold went neck and neck for gains, pushing 0.278% and 0.237% increases in the lead-up to lunch, while the Aussie dollar went up against the US dollar, which is feeling the pinch ahead of a super-important US Fed meeting to decide on how ugly an upcoming interest rate rise is going to be.


Here are the best performing ASX small cap stocks for June 15 [intraday]:

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Code Company Price % Market Cap
ANL Amani Gold Ltd 0.0015 50% $23,293,441
PXX Polarx Limited 0.018 38% $11,688,314
CML Chase Mining Limited 0.019 36% $6,553,859
LPM Lithium Plus 0.4 36% $13,162,369
BTN Butn Limited 0.165 32% $9,606,080
8IH 8I Holdings Ltd 0.12 32% $32,610,395
TAR Taruga Minerals 0.024 26% $10,982,917
VAR Variscan Mines Ltd 0.025 25% $5,334,640
ARE Argonaut Resources 0.0025 25% $7,212,410
NSB Neuroscientific 0.215 23% $25,107,538
AWV Anova Metals Ltd 0.011 22% $13,482,848
AMD Arrow Minerals 0.003 20% $4,559,829
SHE Stonehorse Energy Lt 0.02 18% $11,635,396
TGH Terragen 0.17 17% $27,992,139
CTV Colortv Limited 0.007 17% $927,739
MCT Metalicity Limited 0.0035 17% $10,372,150
MRQ Mrg Metals Limited 0.007 17% $10,482,352
NAE New Age Exploration 0.007 17% $8,615,393
TYM Tymlez Group 0.022 16% $18,750,179
YPB YPB Group Ltd 0.015 15% $3,200,188
KOR Korab Resources 0.023 15% $7,341,000
ADR Adherium Ltd 0.008 14% $15,457,758
LCT Living Cell Tech. 0.008 14% $8,997,546
WWI West Wits Mining Ltd 0.024 14% $38,686,882
M2R Miramar 0.105 14% $5,905,173
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The day after one like we had yesterday is always a bit chaotic in places, and our small cap heroes certainly stepped up to the plate to bring in big rewards for the lucky few hundred who’d heard of some of the little guys.

Six (count ‘em… six!!) of the top 10 winners this morning were from the Basic Minerals sector, with Polarx (ASX:PXX) stacking on what looked like a chunky gain… except it’s more or less breaking even after yesterday.

Solid gains on decent volume came from Chase Mining Corporation (ASX:CML) which shot up 36% after it released a proposed issue of securities.

Lithium Plus Minerals (ASX:LPM) informed the market that the Mining Management Plan for its flagship Bynoe Lithium Project has been approved by the Northern Territory Department of Industry, Tourism and Trade, sending its price up a freakishly huge 36% as well, putting smiles on the faces of everyone who’s still got their “Loving Lithium and Loving Life” T-shirts on.


Here are the worst performing ASX small cap stocks for June 9 [intraday]:

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