June Winners Column: It’s solid gold, baby
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Here’s our Top 50 small caps for June, but first — a quick recap of 2020, so far.
There were a healthy mix of companies in our January Top 50. #1 was Singapore-based ‘bottom of the sock drawer’ minnow Netccentric (ASX:NCL) with a 300 per cent gain.
In February, coronavirus-led uncertainty was mounting. This led to numerous potential coronavirus fighters — including any company that mentioned ‘hand sanitiser’– featuring heavily in the top 50. #1 mover was gold explorer De Grey (ASX:DEG) with a 285 per cent gain.
Then came the share market bloodbath in March — a month dominated by COVID-19 bandwagoners, online education and food delivery stocks, and a couple of big nickel discoveries. Our #1 mover was now-suspended COVID-19 test kit spruiker TBG Diagnostics (ASX:TDL) which gained +862 per cent for the month.
April was a month of tentative recovery. The S&P/ASX Emerging Companies Index was up 23.5 per cent, recapturing a big chunk of March’s losses. Gold came to the fore and most of those COVID-19 bandwagoners fell away, but the biggest mover was unremarkable oil and gas company Jupiter Energy (ASX:JPR) with a decidedly remarkable 3650 per cent gain.
By May, gold was number #1 with investors. But money also found its way into early stage uranium explorers like GTI Resources (ASX:GTR) and TNT Mines (ASX:TIN) which were up 231 per cent and 259 per cent, respectively, over the month.
In June economies floundered, markets surged, and gold was king. A massive 51 per cent of the companies on our winners list were gold-focused:
… which could be the norm for the foreseeable future, as gold prices punch though $US1,800/oz on their merry way to $US2,000oz.
In June, 33 small cap companies posted gains of 100 per cent or more, down from 58 last month. Still, there was plenty of good stories for investors to sink their teeth into.
HERE’S THE TOP 50 SMALL CAPS FOR THE MONTH OF JUNE >>>
Scroll or swipe to reveal table. Click headings to sort.
|CODE||NAME||TOTAL MONTHLY RETURN %||MARKET CAP|
|NME||NEX METALS EXPLORATION||525||24.09M|
|DW8||DIGITAL WINE VENTURES||208||25.20M|
|GSM||GOLDEN STATE MINING||178||26.63M|
|SUH||SOUTHERN HEMISPHERE MINING||173||3.26M|
|GTE||GREAT WESTERN EXPLORATION||165||10.12M|
|SUP||SUPERIOR LAKE RESOURCES||125||16.44M|
|VPR||VOLT POWER GROUP||100||18.34M|
|WWI||WEST WITS MINING||91||21.49M|
|IP1||INTEGRATED PAYMENT TECHNOLOGIES||85||6.25M|
|HRN||HORIZON GOLD LIMITED||84||35.20M|
Gold explorers dominated the Top 50. Again. Get used to it.
The buzz around the historic, high-grade Kookynie gold project in WA lit a fire under their respective share prices in June.
Rox Resources (ASX:RXL) also gained 223 per cent on an incredible, 25m-long intersection grading 34.79 grams per tonne (g/t) gold at the Grace prospect, part of the Younami project in WA.
Rox’s subsequent 223 per cent monthly gain saw the share price hit a seven-year high.
Youanmi project partner Venus Metals (ASX:VMC) (30 per cent ownership) also gained, up 66 per cent for the month.
Market darling Auteco Minerals (ASX:AUT) has been flying since buying a historic Canadian gold project called Pickle Crow in February this year.
In June, Auteco – spearheaded by the same team that made Bellevue Gold (ASX:BGL) such a success — defined a maiden 830,000oz at 11.6g/t gold resource.
The former vanadium-titanium explorer is now up 1500 per cent so far in 2020.
And then there’s Musgrave Minerals (ASX:MGV), which uncovered very high, thick and shallow gold at the new ‘Starlight’ discovery, part of its flagship 613,000oz Cue gold project in WA’s Murchison district.
Intercepts like 12m at 112.9g/t gold 36m from surface (including 6m at 143g/t) sent the stock up +200 per cent in June to all-time highs.