I like Fridays. They remind me of a lot of Saturdays and heaps less of Mondays.

For the Emerging Companies (XEC) Index, down 5.5% until this morning, it’d been a week of Mondays. Even the ASX200 made something of Thursday – up 1.3% – and has continued climbing by about 1% today at the close.

The small cap index has gained 1.3% to end the week on a solid Friday note.

Global stock markets did their bit to lend a hand after some early-week selling. In the US, the Dow Jones Industrial Average gained almost 2%, the Nasdaq stole 3% and even European markets momentarily stopped whinging, the DAX up 1%. Around the traps at 3PM Sydenham time, Japan’s Nikkei is up more than 2%, so are Shanghai and Hong Kong.

The US economy contracted during the first three months of 2022, smaller by -0.4% on the previous quarter and -1.4% on an annualised rate.

Yes, it’s the weakest quarter since the pandemic, and while the word ‘flaccid’ does come to mind, the fact is they’re not falling a heap. Employment is strong, spending is hefty and there’s literally a squadron of central bankers armed with a host of tricks to sort things out and let the president get on with ignoring the pandemic and engaging in war by proxy.



(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Description Price % Volume
MMA Maronanmetalslimited 0.33 65% 1,285,284
HCD Hydrocarbon Dynamic 0.029 53% 123,587,384
E33 East 33 Limited. 0.038 52% 19,508,583
WOO Wooboard Tech Ltd 0.0015 50% 72,557,469
99L 99 Loyalty Ltd. 0.049 44% 1,858,607
ANL Amani Gold Ltd 0.002 33% 17,147,877
CSE Copper Strike Ltd 0.195 30% 334,692
BNZ Benzmining 0.9 29% 515,553
NVU Nanoveu Limited 0.025 25% 2,088,668
CCE Carnegie Cln Energy 0.0025 25% 5,876,277
VPR Volt Power Group 0.0025 25% 2,571,333
IVZ Invictus Energy Ltd 0.235 24% 9,522,677
AOA Ausmon Resorces 0.011 22% 15,339,024
CDX Cardiex Limited 0.42 22% 78,628
VTG Vita Group Ltd 0.495 21% 4,767,062
ESK Etherstack PLC 0.42 20% 61,228
TMX Terrain Minerals 0.012 20% 1,249,249
NTO Nitro Software Ltd 1.365 20% 2,632,747
TG1 Techgen Metals Ltd 0.155 19% 269,733
OEQ Orion Equities 0.25 19% 7,000
BMR Ballymore Resources 0.22 19% 599,953
IPT Impact Minerals 0.013 18% 8,007,909
LEL Lithenergy 1.44 18% 2,802,202
MCM Mc Mining Ltd 0.165 18% 53,690
SRK Strike Resources 0.165 18% 2,812,604
Wordpress Table Plugin

Hydrocarbon Dynamics (ASX:HCD) is bobbing about at multi-year highs, after it was awarded a meaty Santos (ASX:STO) contract for doing the lucrative chemical work on some 30 wells with an order in the post for more. It’s a terrific TBH, and comes off the back of what was obvs a successful trial done on three wells in the Cooper Basin last year.

In a release to the market, HCD says the deal is expected to generate some $140K, but that’s not taking into the kudos factor of supplanting one of the world’s really giant oilfield chemical cleaners which santos has ditched in favour of the local kid.

The share price is a total Friday winner, up about 60%.

The good news for one of the weeks mega-laggards, oyster farmer East 33 (ASX:E33) is that everyone is piling back on in – shares are up about 34%, but still with a way to go to make this a week that goes away.

A Tuesday quarterly trading update blamed inclement weather for adversely affecting the production of Sydney rock oysters. the stock followed up Wednesday’s 48.75% fall with another 46% crash on Thursday. People MUST have their oysters.



(Stocks highlighted in yellow fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
ALT Analytica Limited 0.001 -50% 26,540,345
MGTRE Magnetite Mines - Rights 06-May-22 0.004 -43% 13,634,082
SDV Scidev Ltd 0.29 -27% 7,094,530
HAL Halo Technologies 0.56 -25% 573,234
KEY KEY Petroleum 0.003 -25% 964,166
LV1 Live Verdure Ltd 0.225 -25% 197,654
SPT Splitit 0.26 -20% 8,867,369
GTG Genetic Technologies 0.004 -20% 140,921
T3D 333D Limited 0.002 -20% 2,654
VOL Victory Offices Ltd 0.115 -18% 52,208
MHK Metalhawk. 0.24 -17% 170,831
SPX Spenda Limited 0.015 -17% 27,043,521
IKW Ikwezi Mining Ltd 1.58 -16% 11,874
PNM Pacific Nickel Mines 0.089 -15% 894,321
RDN Raiden Resources Ltd 0.014 -15% 638,923
HHI Health House Int Ltd 0.023 -15% 342,327
OVN Oventus Medical Ltd 0.03 -14% 1,361,206
ALO Alloggio Group 0.125 -14% 86,104
MKL Mighty Kingdom Ltd 0.085 -13% 1,128,836
KGN Kogan.Com Ltd 3.94 -13% 3,871,768
PLG Pearlgullironlimited 0.066 -13% 145,566
RRR Revolverresources 0.33 -13% 376,291
XST Xstate Resources 0.0035 -13% 562,740
IOU Ioupay Limited 0.1225 -13% 10,417,054
SGC Sacgasco Ltd 0.0245 -13% 3,284,426
Wordpress Table Plugin



Shares in Red Hill Iron (ASX:RHI) surged ~8% to $3.70 today after announcing it would pay a special dividend of 20 cents per share fully franked.

Shareholders who own stock in RHI before May 16 will be eligible for the dividend. The record date for the dividend will be on May 17, before payment on May 30.

Red Hill said the decision reflects the board’s objective of delivering funds to shareholders that it deems are in excess of the need to maintain a reasonable level of financial strength. The company currently holds ~$83 million and has paid income tax instalments to date of $39 million.

Reedy Lagoon Corporation (ASX:RLC) has announced it has received the final report from the CSIRO study conducted on the Burracoppin magnetite deposit in WA.

RLC teamed up with the national science agency to develop a new method for quantifying the iron content of deposits of magnetite, referred to as the MagResource Method.

Results of the study have been used by RLC to determine an Exploration Target of 240 to 300 million tonnes at 20 to 25 Wt% iron at Burracoppin.

ABx Group (ASX:ABX) has advised that its 83%-owned subsidiary Alcore Ltd has been granted $7.5 million from the Australian Government’s Modern Manufacturing initiative to support its proposed $16.4 aluminium smelter bath recycling plant in Bell Bay, Tasmania.

The plant is understood to be the world’s first commercial plant to recycle aluminium smelter bath into valuable chemicals. It is proposed to transform 1600 tonnes per year of aluminium smelter bath into hydrogen fluoride and other chemicals.