Ever heard of the word “floccinaucinihilipilification” before? India’s central bank board member Chetan Ghate obviously heard it from somewhere.

This week in the bank’s most recent meeting minutes he said, “In estimates of economic growth in India have unfortunately been subject to a fair degree of floccinaucinihilipilification. Notwithstanding this, growth is likely to pick up from Q2-Q3 2019-2020.”

Before you Google it, take it from us: it is an action or habit of estimating something as worthless. So we should probably stop trying to estimate India’s economic growth.

We hope we hear phrases like this at the Jackson Hole summit this weekend. That’d be one way to raise attention. Or next year hold it at Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch in Wales.


Our markets have finished the week on a mixed note. The ASX Small Ords is down 0.27 per cent to 2,812 points while the ASX 200 is up 0.25 per cent to 6,518 points. Both indexes are up 1.7 per cent this week — snapping a 2-week losing streak.

There was no new data today although investors be will watching Jackson Hole closely. Most economic data due out next week involves the construction sector including ‘work done’ and building approvals.

Going up

On Friday you’d like to think you’ve done a good job and that has been the case at Aus Tin Mining (ASX:ANW)It began commissioning the plant at its Granville mine and reported an immediate uplift in tin production and improved metallurgical performance. It gained 33 per cent.

ResApp (ASX:RAP) became commercially certified in Europe and it has gained 30 per cent this morning.

Here are the best performing ASX small cap stocks at lunchtime, Friday August 23:

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Code Name Price % Chg Market Cap Volume
DDD 3D Resources Ltd 0.002 +100.00% $2.3M 6.0M
GLA Gladiator Resources Ltd 0.003 +50.00% $2.2M 1.1M
BNL Big Star Energy Ltd 0.008 +50.00% $4.2M 5.2M
SMD Syndicated Metals Ltd 0.012 +33.33% $8.0M 13.3M
ALT Analytica Ltd 0.004 +33.33% $14.1M 1.3M
ANW Aus Tin Mining Ltd 0.008 +33.33% $17.7M 5.0M
FTT Factor Therapeutics Ltd 0.004 +33.33% $4.2M 700.0k
ROG Red Sky Energy Ltd 0.004 +33.33% $2.5M 750.0k
RAP Resapp Health Ltd 0.19 +30.00% $139.3M 6.5M
TAR Taruga Minerals Ltd 0.03 +27.27% $4.0M 317.0k
FRN Fraser Range Metals Group Ltd 0.02 +26.32% $6.0M 30.1M
MAM Microequities Asset Management 0.31 +26.00% $41.9M 3.2k
PVL Powerhouse Ventures Ltd 0.08 +25.00% $2.4M 29.5k
AVE Avecho Biotechnology Ltd 0.005 +25.00% $7.9M 380.0k
AYR Alloy Resources Ltd 0.005 +25.00% $4.2M 3.1M
CZN Corazon Mining Ltd 0.005 +25.00% $4.1M 2.7M
PCL Pancontinental Oil & Gas NL 0.005 +25.00% $13.5M 1.5M
ISD iSentia Group Ltd 0.38 +22.58% $76.0M 5.0M
PCH Property Connect Holdings Ltd 0.003 +20.00% $2.1M 1.2M
BWX BWX Ltd 2.8 +19.96% $349.1M 1.7M
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Going down

Jindalee Resources (ASX:JRL) fell after a capital raising took effect.

Here are the worst performing ASX small cap stocks at lunchtime, Friday August 23:

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Code Name Price % Chg Market Cap Volume
BPH BPH Energy Ltd 0.001 -50.00% $2.8M 28.3M
SRO Shareroot Ltd 0.002 -33.33% $2.8M 1.0M
GPP Greenpower Energy Ltd 0.002 -33.33% $2.0M 334.7k
QGL Quantum Graphite Ltd 0.003 -25.00% $11.5M 336.9k
CLZ Classic Minerals Ltd 0.003 -25.00% $8.4M 2.6M
MXI MaxiTRANS Industries Ltd 0.23 -17.54% $44.4M 282.4k
CTO Citigold Corp Ltd 0.005 -16.67% $10.8M 600.0k
TNR Torian Resources Ltd 0.01 -14.29% $3.2M 1.4M
ICG Inca Minerals Ltd 0.003 -14.29% $9.4M 59.2k
FPL Fremont Petroleum Corp Ltd 0.007 -12.50% $11.7M 500.0k
CUX Crossland Strategic Metals Ltd 0.007 -12.50% $7.1M 10.0k
JRL Jindalee Resources Ltd 0.3 -11.76% $11.2M 91.1k
KP2 Kore Potash PLC 0.02 -11.11% $20.6M 105.4k
PUR Pursuit Minerals Ltd 0.008 -11.11% $1.9M 21.0k
CUL Cullen Resources Ltd 0.02 -11.11% $2.7M 650.0k
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Something completely different

Something that wouldn’t happen in Sydney. Ed Sheeran is hosting a concert with 160,000 fans right in his home town in Ipswich. And plenty more will be able to watch from their living rooms or at least hear it. A perfect way to end a world tour.