Closing Bell: The Tempest (ASX:TEM) takes centre stage as Will gives it a shake

The Tempest, a tale of love, revenge and family set at sea, is thought to be the last play that William Shakespeare wrote alone.

One area it doesn’t touch on in detail is staggering riches; a theme now more relevant to shareholders in Tempest Minerals (ASX:TEM) after the stock roared higher by almost 300% today following a big copper hit in WA (details below).

Speaking of love, revenge and family, buckle up — because not even the most dedicated investor will be able to escape the next lead of the 24-hour news cycle; Will Smith going absolutely berserk at the 2022 Oscars.

Actions speak louder than words (although the words were also loud):

UNCENSORED WILL SMITH FOOTAGE AS SHOWN ON AUSTRALIAN TV pic.twitter.com/NcRfdjWxqe

— David Mack (@davidmackau) March 28, 2022

Chris Rock caught the Fresh Prince Slap, which looks to have been in response to a ‘GI Jane 2′ joke about Jada Pinkett Smith (Will’s wife) who suffers from alopecia, an autoimmune disorder that leads to hair loss.

After dishing out the slap heard ’round the world, Smith then went on to win the Best Actor gong for King Richard (not a Shakespeare play) — a film about the father of tennis superstars Venus and Serena Williams.

Back on markets, the ASX microcap Emerging Companies index got slapped around a bit too, finishing 0.56% lower after treading water in morning trade.

Looking ahead to the Wall Street open, US stocks are also pointing lower with Nasdaq futures trading at ~-0.4%.

TODAY’S BIGGEST SMALL CAP WINNERS

(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
TEM	Tempest Minerals	0.084	265.2%	332,004,209
EVE	EVE Health Group Ltd	0.002	100.0%	16,000,303
OXX	Octanex Ltd	0.03	57.9%	588,312
ANW	Aus Tin Mining	0.0015	50.0%	30,663,165
KLL	Kalium Lakes Ltd	0.105	38.2%	19,270,729
DAF	Discovery Alaska Ltd	0.035	34.6%	1,725,361
RIE	Riedel Resources Ltd	0.014	27.3%	3,921,568
CVV	Caravel Minerals Ltd	0.3	25.0%	909,786
CXM	Centrex Limited	0.15	25.0%	9,465,259
FEG	Far East Gold	0.25	25.0%	1,871,245
AMD	Arrow Minerals	0.005	25.0%	2,688,517
BAS	Bass Oil Ltd	0.0025	25.0%	9,197,496
DMM	Dmcmininglimited	0.15	20.0%	729,591
PCL	Pancontinental Energ	0.006	20.0%	14,958,876
ROO	Roots Sustainable	0.006	20.0%	836,147
VPR	Volt Power Group	0.003	20.0%	215,012
PEC	Perpetual Res Ltd	0.066	20.0%	525,476
REY	REY Resources Ltd	0.155	19.2%	11,724
APC	Aust Potash Ltd	0.082	18.8%	16,253,863
KED	Keypath Education	2.44	18.4%	14,062
ATV	Activeportgroupltd	0.14	16.7%	7,209
AYM	Australia United Min	0.007	16.7%	182,857
DDD	3D Resources Limited	0.0035	16.7%	7,719,683
N1H	N1 Holdings Ltd	0.25	16.3%	34,976
WEL	Winchester Energy	0.022	15.8%	2,322,467

Tempest started with a bang, and things got even better through the course of the session as investors re-rated the stock following a big copper discovery from the first drill-holes at Orion, part of its flagship ‘Meleya’ project in WA.

The stock closed at 2.3c on Friday following a 15% jump, before surging by almost 300% in Monday trade to close at 8.7c.

Tempest’s drill program pulled up three mineralised copper sections, including one to “end of hole” which suggests the mineralisation continues at depth.

A number of other resources stocks caught the market’s attention today with new announcements, including nanocap gold explorer Riedel Resources (ASX:RIE).

Riedel said its reverse circulation drill program remains on track at its Kingman gold project in Arizona, with first assay results due in June or “hopefully sooner, subject to laboratory turnaround”, the company said.

Elsewhere in resources (which dominated today’s winner’s list), gold explorer Octanex (ASX:OXX) surged by more than 50% on no news.

Based in WA, the company is on the hunt for large scale gold systems via three projects in the Eastern Goldfields.

TODAY’S BIGGEST SMALL CAP LOSERS

(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	-50.0%	1,000,000
URF	US Masters Res Fund	0.19	-44.9%	4,860,866
JAV	Javelin Minerals Ltd	0.0015	-25.0%	550,913
AEV	Avenira Limited	0.017	-19.0%	17,803,821
PGY	Pilot Energy Ltd	0.039	-18.8%	21,197,870
GCY	Gascoyne Res Ltd	0.295	-16.9%	2,306,722
PNX	PNX Metals Limited	0.005	-16.7%	4,167,065
DM1	Desert Metals	0.375	-14.8%	266,697
GRL	Godolphin Resources	0.145	-14.7%	53,504
BUD	Buddy Tech	0.006	-14.3%	716,218
HHI	Health House Int Ltd	0.024	-14.3%	1,268,089
ODE	Odessa Minerals Ltd	0.012	-14.3%	936,531
WWG	Wisewaygroupltd	0.195	-14.3%	66,305
XST	Xstate Resources	0.003	-14.3%	3,790,000
TIA	Tian An Aust Limited	0.25	-13.8%	126
SGC	Sacgasco Ltd	0.025	-13.8%	336,295
TTT	Titomic Limited	0.225	-13.5%	540,564
BTN	Butn Limited	0.26	-13.3%	104,166
FFF	Forbidden Foods	0.135	-12.9%	89,743
AQX	Alice Queen Ltd	0.007	-12.5%	180,000
AXP	AXP Energy Ltd	0.007	-12.5%	4,443,343
XTC	Xantippe Res Ltd	0.007	-12.5%	103,907,201
MWY	Midway Ltd	0.905	-12.1%	71,774
HHR	Hartshead Resources	0.022	-12.0%	1,730,497
PAM	Pan Asia Metals	0.515	-12.0%	803,553

ANNOUNCEMENTS YOU MAY HAVE MISSED

Cazaly Resources Limited (ASX: CAZ) has announced promising analytical results for surface samples at the Yabby Prospect in the north-eastern goldfields of WA. Several N-S and NNE gold mineralised trends have been identified in first pass reconnaissance surface samples.

The initial sampling program consisted of 209 lag samples collected on a broad spaced grid 400m x 200m across the entire project. Geochemical interpretation of multi-element data is underway and infill sampling will be planned to refine geochemical anomalies to generate drill targets.

Carsales.com (ASX:CAR) has appointed Paul Barlow as managing director of carsales Australia following the resignation of Ajay Bhatia who will take up a CEO role with a European digital marketplace firm.

Barlow has been with carsales for the past 13 years, including the last 8 years as managing director international. The chief financial officer of carsales.com Will Eilliott will take on accountability for carsales’ investments which include Tyresales, Redbook Inspect and iMotor.

West Cobar Metals (ASX:WC1) has appointed Kevin Das as an executive director. Das has more than 18 years experience in mining as a senior geologist and has undertaken several technical and corporate roles.

Das is the co-founder of ARD Group where he is responsible for the fund’s investment strategy, implementation of capital allocation and daily management activities.

And Recce Pharmaceuticals (ASX:RCE,FSE:R9Q) which develops a new class of synthetic anti-infectives has received a research and development tax incentive rebate of ~$3 million from the Federal Government for FY21.

CEO James Graham said the rebate assists the company to undertake its critical work in its infectious diseases programs and further strengthens its strong financial position to deliver on short and long-term milestones.