• ASX 200 closes significantly lower
  • Mining Sector sheds -3.2% after BHP goes ex-div
  • Small caps led by huge LPM find


I’m usually the first to kick the Australian sharemarket when its down, but the kind of losses the ASX200’s been handing out on Thursday – down 1.2% – are more of an ex-divvy story, than anything I should put my steel-tipped doc martins on for.

With all three major Wall Street indices coughing up their lollies (S&P 500 lost -0.7%, Dow Jones lost -0.6% and tech heavy Nasdaq gave up -1.1%, it was always going to be an uphill battle for Asian markets.

Outstandingly early in the AM, is Stockhead’s evergreen Eddy Sunarto who noted that the Nasdaq’s megacaps were much to blame with Apple down by -3.6%, on reports China’s banning iPhones for government operatives, on the reasonable assumption that it only takes one bad apple.

Back here, well, the benchmark in particular is on soft ground.

It never likes to do much that doesn’t ape New York markets, and while the US economy is spunkily resilient, the top 200 Aussie caps are far more exposed to the Chinese economy than most anyone.

With China customs data this arvo showing August delivered a 4th straight month of declines, Beijing’s timid response to the economic doldrums is starting to depress people.

The clincher has been a bottle-neck of stocks going ex-dividend, dragging us all lower to be fully frank, with their  tax free booty.

Eddy will be all over this, but the largest heavyweight lugging its market cap about the ASX is BHP (ASX:BHP) and the stock price tumbled from the get go.

The world’s largest mining company gave up more than 4% when I checked in at 2pm. When the the Broken Hill Proprietary Company Limited aka  “the Big Australian,” goes ex-divvy (which BTW, means its stock traded minus its latest $1.25 shareholder payout), everyone feels the toilet flush.

As a result, the Mining Sector (down 2.4 per cent) was most pantless on Thursday, that other great heaver of iron ore, Rio Tinto (ASX:RIO) also giving up 1.5%.


Thursday’s ASX sectors:


Via MarketIndex


The ASX Emerging Co’s (XEC) index lost -0.9%. The ASX Small Ords (XSO) shed -1.2%.



Australia’s monthly trade surplus undershoots expectations.

The July trade balance falls to $8.04bn versus $10bn expected and $10.27bn in June, as exports fall 2 per cent and imports rise 3 per cent on month.

The Australian dollar falls a few points to $US63.72c, but remains above a 10 month low of $US63.56c reached on Tuesday.

And as mentioned, China’s exports tumbled for the fourth consecutive month in August amid weak external demand and ongoing global supply chain upheaval, posing more challenges to the world’s second-largest economy as it struggles to carve out a path to a post-pandemic rebound.

The awful Aussie dollar is another 0.2% less than it was, wallowing somewhere around 10 month lows at circa US63.70¢. The pacific peso’s copped a full gale force of China’s weak economic reads and its worsening real estate  woes.

Finally, the PM Anthony Albanese says he’s been invited to visit Chinese President Xi Jinping in Beijing later this year. It’s been ages since we had a PM get a guernsey to China. Face to face meets are good.



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
ODE Odessa Minerals Ltd 0.011 47% 73,598,531 $7,103,339
CXU Cauldron Energy Ltd 0.009 29% 19,251,975 $6,660,981
VMM Viridismining 0.895 27% 461,506 $22,031,719
LPM Lithium Plus 0.3525 26% 11,498,176 $18,476,696
EX1 Exopharm Limited 0.01 25% 757,944 $3,515,385
IPB IPB Petroleum Ltd 0.01 25% 9,115,703 $4,520,980
QFE Quickfee Limited 0.063 24% 49,979 $13,960,749
PNT Panthermetalsltd 0.08 23% 244,039 $3,974,750
MRI Myrewardsinternation 0.011 22% 1,029,748 $3,839,704
JCS Jcurve Solutions 0.04 21% 200,287 $10,835,333
NAE New Age Exploration 0.006 20% 9,445,657 $7,179,495
RML Resolution Minerals 0.006 20% 202,500 $6,286,459
ELS Elsight Ltd 0.37 19% 1,084,941 $46,599,070
MHI Merchant House 0.038 19% 38,500 $3,016,528
CCA Change Financial Ltd 0.064 19% 573,204 $33,893,715
AJQ Armour Energy Ltd 0.135 17% 91,201 $11,858,813
CRB Carbine Resources 0.007 17% 2,050,000 $3,310,427
LRL Labyrinth Resources 0.007 17% 330,999 $7,125,262
DAL Dalaroometalsltd 0.05 16% 250,274 $2,230,625
SUH Southern Hem Min 0.022 16% 420,700 $10,010,225
RDN Raiden Resources Ltd 0.0405 16% 114,799,475 $80,127,594
BCT Bluechiip Limited 0.03 15% 2,852,116 $18,555,432
EMP Emperor Energy Ltd 0.015 15% 19,070 $3,495,212
MGL Magontec Limited 0.46 15% 55,740 $31,324,217
AL8 Alderan Resource Ltd 0.008 14% 250,000 $4,316,863
WordPress Tables Plugin


Lithium Plus Minerals (ASX:LPM) is out in front of the pack at lunchtime, climbing ~43% on news that the first completed diamond hole (BYLDD019) at the Lei Prospect has  intersected 127m of strongly mineralised pegmatite from 609m (with a true width of ~60m), with assays pending.

LPM says the find represents “one of the largest mineralised intersections ever recorded from the Bynoe pegmatite field”, putting the Lei pegmatite in company with Core Lithium’s (ASX: CXO) previously reported world-class 119m intercept at the BP33 deposit.

Killi Resources (ASX:KLI) was up over 25% before lunch after collecting high-grade copper hits up to 7.2% Cu and gold 12.4g/t Au at surface from rock chip samples from the Baloo prospect within the company’s 100% owned Mt Rawdon West project, Queensland.

Killi says 12 of the 26 rock chip samples collected have returned assays greater than 1% Cu, including 7.2% Cu and 27.2g/t Ag, 4.2% Cu, 1.16g/t Au, 75.8g/t Ag, 1 % Pb and 0.3 % Zn, and 4.5% Cu, 0.09g/t Au and 83.7g/t Ag.

Elsight (ASX:ELS) is soaring on news the US Federal Aviation Administration (FAA) has granted the Halo enabled Airobotics Optimus-1EX system a (really important) Type Certificate, that will allow flight operations over people and infrastructure without the need for case-by-case waivers.

Elsight and its project partner Airobotics have been working on getting the Optimus-1EX drone certified for four years, the company says, leaving Elsight CEO Yoav Amitai delighted at the result.

“We warmly congratulate Airobotics for this achievement,” Amitai said. “This is a major step forward for the drone industry in general. Completing the long-complicated process to achieve the first non-air carrier drone Type Certification by the FAA shows that the regulators are coming to the position that drones are a part of the future.”

Digital tracking firm Bluechiip (ASX:BCT) rose quickly after providing a strong strategic update, saying it would hit FY24 with a heao of momentum and plucky with optimism given the positivity around FY23.

FY22 strategies are now resulting in rising sales and, importantly, repeat orders. Quarterly repeat revenue has risen 25-fold from March 2022 to today.

In addition BCT says its Bluechiip tracking solution is now installed in a Big Pharma laboratory in Europe, and further Big Pharma groups in the US are expected to sign with Bluechiip by the end of calendar 2023.

Bluechiip says it has targeted a very sizeable market and has a significant level of engagement with the world’s 20 leading Big Pharma companies.

“No other company has been able to achieve these milestones, coupling temperature with identification at the sample level in the $1B+ global market in which we operate,” the company noted.

Bluechiip’s Advanced Sample Management Solution provides sample temperature with ID in cryogenic environments in stem cells, blood, eggs, sperm and other yummy bio-specimens.



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
SRR Saramaresourcesltd 0.034 -43% 259,108 $3,375,192
T92 Terrauraniumlimited 0.099 -34% 1,836,211 $7,740,774
CPT Cipherpoint Limited 0.005 -29% 729,388 $8,114,692
CLE Cyclone Metals 0.0015 -25% 3,634,500 $20,529,010
CI1 Credit Intelligence 0.145 -19% 82,304 $15,029,849
CL8 Carly Holdings Ltd 0.017 -19% 600,342 $5,635,778
RNX Renegade Exploration 0.009 -18% 200,000 $10,484,362
CHW Chilwaminerals 0.15 -17% 27,700 $8,257,500
NOU Noumi Limited 0.15 -17% 221,659 $49,879,677
AVM Advance Metals Ltd 0.005 -17% 929,039 $3,531,352
HLX Helix Resources 0.005 -17% 560,136 $13,938,875
LNU Linius Tech Limited 0.0025 -17% 16,228 $12,689,372
PRX Prodigy Gold NL 0.005 -17% 93,137 $10,506,647
LYK Lykosmetalslimited 0.066 -16% 49,992 $4,929,600
AHI Advanced Health 0.205 -16% 524,831 $53,337,472
ZNC Zenith Minerals Ltd 0.105 -16% 105,169 $44,047,610
CTQ Careteq Limited 0.021 -16% 1,526,717 $5,553,072
NMR Native Mineral Res 0.04 -15% 1,549,331 $8,224,778
PGO Pacgold 0.205 -15% 145,176 $16,080,136
G50 Gold50Limited 0.15 -14% 14,735 $18,725,125
1MC Morella Corporation 0.006 -14% 1,907,171 $42,970,590
CNJ Conico Ltd 0.006 -14% 484,953 $10,990,665
EEL Enrg Elements Ltd 0.006 -14% 3,869,846 $7,069,755
IEC Intra Energy Corp 0.006 -14% 2,404,282 $11,345,471
KGL KGL Resources Ltd 0.12 -14% 1,772 $79,420,861
WordPress Tables Plugin



BPH Energy (ASX:BPH) – Pending a material announcement to be made by the Company for the purpose of considering, planning and executing a capital raising

Revasum (ASX:RVS) – Pending the outcome of discussions in relation to funding

Audinate (ASX:AD8) – Pending a proposed capital raise

Eroad (ASX:ERD) – Pending a proposed capital raise