• ASX 200 find 0.5% to start the week, LTR looks ready to sell
  • Energy stocks and miners offset IT and Consumer Discretionary losses
  • Small cap winners led by EMD and GLH


Local markets were led higher on Monday, supported by resource businesses as the Mining and Energy sectors reacted best to signs of positive economic life in the States and in China.

With US jobs growth moderating nicely on Friday (bad news is still good news there), the ASX 200 ended about 0.5% ahead, with IT, Consumer Discretionary and Utility names offsetting the Energy Sector following a 2.5% jump in Brent crude prices.

Lithium and iron ore companies were inspired after a visit from lithium legend Albemarle – always welcome here at Stockhead – and the US giant popped up again on Monday with a sharper kniife for a better stab at local lithium lad Liontown Resources (ASX:LTR).

The new offer is worth $6.6 billion for a $3 per share offer the Kathleen Valley mine owner and Our Josh says LTR’s Tim Goyder-led board looks ready to play.

This’d represent for the original punters who bought into LTR in 2019 at 2 cents a pop, a good ’nuff 14,900% gain.

After rejecting bids at $2.20, $2.35 and $2.50 in March for the company and its $895 million, 500,000tpa Kathleen Valley operation in WA’s Northern Goldfields, Goyder and CEO Tony Ottaviano look ready to settle.

“Should Albemarle make a binding proposal at $3.00 per share, subject to agreement of a mutually acceptable binding scheme implementation agreement, the intention of the Liontown Board is to unanimously recommend shareholders vote in favour of the proposal in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the proposed transaction is in the best interests of shareholders,” the company said this morning… before gasping for breath after the world’s longest sentence (which we just made longer).

“Liontown notes that there is no certainty that the Revised Indicative Proposal will progress to a binding offer for consideration by shareholders.”

The bid comes in at almost double the $1.53 price Liontown was trading at on March 27, before the initial Albemarle offers were revealed to the ASX.


Monday’s ASX sectors:


Via MarketIndex


The ASX Small Ordinaries Index (XSO) ended 0.25% higher, and the ASX Emerging Companies Index (XEC) found 0.5%.



In China, the Hang Seng has climbed to near one-month highs after shuttering for Typhoon Somebody on Friday. The winners circle consisted of state-backed consumer and financial bluechips including Longfor Group (12%), China Overseas Land (10%), sports apparel maker Li Ning (8.5%) and China Merchants Bank (8%).

The naughty real estate developer, Country Garden Holdings (+14.9%), according to Reuters, won approval from creditors over the weekend to extend its massively maturing yuan bond and not therefore implode into a million worthless pieces. Interestingly, the vote was far from unanimous.

Its shares jumped by 15%, but they have about 60% more to get back to a week earlier.

Mainland China stocks have also risen, with momentum on the positive side after Beijing’s newest measures late last week added weight to capital markets and investor confidence, with the halving of the stamp duty on stock trades a p[articular hit.

There’s a long weekend tonight on Wall Street and US Futures are little changed ahead of key readings on US services later in the week.



Here are the best performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap
KEY KEY Petroleum 0.002 100% 1,000,540 $1,967,928
AVW Avira Resources Ltd 0.0015 50% 200,001 $2,133,790
CLE Cyclone Metals 0.0015 50% 2,645,800 $10,264,505
EEL Enrg Elements Ltd 0.006 50% 4,686,990 $4,039,860
BXN Bioxyne Ltd 0.016 45% 293,359 $20,918,099
FAU First Au Ltd 0.004 33% 196,000 $4,355,980
TYM Tymlez Group 0.004 33% 27,479 $3,714,586
ASR Asra Minerals Ltd 0.009 29% 6,041,851 $10,082,710
FRB Firebird Metals 0.185 28% 660,601 $10,595,875
ZGL Zicom Group Limited 0.06 25% 214,238 $10,298,880
BCB Bowen Coal Limited 0.125 25% 5,182,977 $213,598,588
BTE Botalaenergyltd 0.125 25% 290,008 $5,331,667
EMD Emyria Limited 0.1 25% 11,142,082 $24,667,945
EMU EMU NL 0.0025 25% 10,561,227 $2,900,043
MXC Mgc Pharmaceuticals 0.0025 25% 707,068 $8,509,936
PEX Peel Mining Limited 0.13 24% 1,360,866 $60,980,626
DUB Dubber Corp Ltd 0.16 23% 1,920,052 $46,475,907
VKA Viking Mines Ltd 0.011 22% 1,411,294 $9,227,326
CYQ Cycliq Group Ltd 0.006 20% 200,000 $1,787,583
NES Nelson Resources. 0.006 20% 762,970 $3,067,972
OLI Oliver'S Real Food 0.024 20% 263,456 $8,814,638
ARV Artemis Resources 0.045 18% 31,529,243 $59,656,898
JAY Jayride Group 0.13 18% 25,025 $22,400,158
MGU Magnum Mining & Exp 0.039 18% 3,056,299 $23,816,226
HT8 Harris Technology Gl 0.013 18% 83,185 $3,290,490
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The clinical stage biotech Emyria (ASX:EMD), has secured firm commitments from new and sophisticated investors to raise $2 million (before costs) through an oversubscribed placement.

Emyria says it will also kick off a non-renounceable pro rata entitlement offer to raise approximately $3.1 million (before costs) at the same terms.

The plan is to cash-up and fast-track development of EMD’s MDMA-assisted therapy for PTSD, the usual “revenue growth and data collection” stuff, as well as “payer engagement”.

Global Health (ASX:GLH) jumped in early trade off the back of positive FY23 news, including Customer Revenue growth of 20% to $7.81 million, and Annual Recurring Revenue up 11% to $5.73 million.

Elsewhere the digger Viking Mines (ASX:VKA) is up on news of a solid vanadium find at its Fold Nose deposit, where the company says it’s hit significant vanadium pentoxide (V2O5) intercepts, such as 42m at 0.74% V2O5 (>0.5%) from 79m, including 17m at 0.80% V2O5 (>0.8%) from 83m and 8m at 0.99% V2O5 (>0.8%) from 108m.

Artemis Resources (ASX:ARV) is ahead again, after recent laboratory XRD analysis – by JV partner Greentech Metals (ASX:GRE) – of a known lithium bearing sample collected within the Osborne JV tenement in the Pilbara has returned 3.6% Li20 from a sample that was 44% spodumene and 43% quartz.

Greentech’s found 8%.



Here are the best performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap
LLL Leolithiumlimited 0.57 -50% 72,208,110 $1,125,447,873
CT1 Constellation Tech 0.002 -33% 20,000 $4,413,601
MTH Mithril Resources 0.001 -33% 225,190 $5,053,207
TD1 Tali Digital Limited 0.001 -33% 1,178,529 $4,942,733
VPR Volt Power Group 0.001 -33% 800,010 $16,074,312
AXP AXP Energy Ltd 0.0015 -25% 961,295 $11,649,361
DDT DataDot Technology 0.003 -25% 35,987,516 $4,843,811
DM1 Desert Metals 0.077 -21% 1,742,970 $7,109,026
APC Aust Potash Ltd 0.004 -20% 1,767,695 $5,193,447
CTO Citigold Corp Ltd 0.004 -20% 500,000 $14,368,295
NTM Nt Minerals Limited 0.008 -20% 773,543 $8,006,989
OPN Oppenneg 0.008 -20% 739,072 $11,166,796
AW1 Americanwestmetals 0.245 -18% 25,074,381 $108,159,634
PVW PVW Res Ltd 0.066 -18% 17,325 $7,877,088
SOM SomnoMed Limited 0.6 -17% 41,948 $60,148,477
JCS Jcurve Solutions 0.03 -17% 314,741 $11,820,364
CHK Cohiba Min Ltd 0.0025 -17% 7,830,000 $6,639,733
H2G Greenhy2 Limited 0.01 -17% 1,616,696 $5,025,070
LML Lincoln Minerals 0.005 -17% 850,227 $8,524,271
LNU Linius Tech Limited 0.0025 -17% 16,361 $12,689,372
ROG Red Sky Energy. 0.005 -17% 1,734,408 $31,813,363
LKY Locksleyresources 0.042 -16% 418,456 $7,333,333
KRM Kingsrose Mining Ltd 0.059 -16% 2,555,296 $52,676,856
MFD Mayfield Childcr Ltd 0.735 -16% 555,720 $56,822,053
CDX Cardiex Limited 0.14 -15% 181,047 $23,707,781
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Cauldron Energy (ASX:CXU) – Pending a response by the Company to volume query received from ASX from 4 September 2023 and pending an operational update.

Orexplore Technologies (ASX:OXT) – Pending a proposed capital raising.

Carnegie Clean Energy (ASX:CCE) – Pending an announcement regarding the Phase 3 results of the EuropeWave Program.

Mobilicom (ASX:MOB) – Pending an announcement by the Company to the market regarding the proposed trading solely on Nasdaq and proposed delisting of the Company’s securities from the ASX.

Torque Metals (ASX:TOR) – Pending an announcement with regards to a proposed acquisition and associated capital raising.

Javelin Minerals (ASX:JAV) – Pending an announcement regarding a proposed takeover bid by the Company and a capital raising.

Antilles Gold (ASX:AAU) – Pending the release of an announcement in relation to a capital raising that will involve a placement to sophisticated investors, and a simultaneous Share Purchase Plan (“SPP”) for existing shareholders, the terms of which will be settled during the trading halt.