How could the Maldives be risky? Is Instagram facing closure – forcing influencers to get a real job? Are we just jealous of them? Actually, these particular Maldives are in Russia at a coal plant’s ash dump site.

But clearly these sightseers aren’t too fazed!

How does this happen? The ash and slag from burnt brown coal is mixed with calcium salts. It isn’t fatal or radioactive but has high levels of acid and can cause skin reactions.

In many places that are tourist hotspots like Santorini and Venice, locals get annoyed. But the locals actually like it. One said, “Our city is grey and this is one of the available ‘beautiful’ places.”

Our markets look set to finish the week on a downward note. The ASX Small Ords is down 0.55 per cent to 2,907 points. Meanwhile the ASX 200 is down 0.21 per cent to 6,702 points.

There’d been talk we could get our tax refunds as early as today but MyGov has crashed so that might not be happening now. Treasurer Josh Frydenberg has made it clear he wants to increase infrastructure spending, but not at the expense of delivering a budget surplus.

Going up

Better late than never? Norwood Systems (ASX:NOR) is up 25 per cent after once again providing a definitive time line as to when it expects to seal a deal with Oracle – this quarter.

Connected IO (ASX:CIO) is up 17 per cent after announcing it had secured a $500,000 line of credit facility.

Here are the best performing ASX small cap stocks at lunchtime, Friday July 12:

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Code Name Price % Chg Market Cap Volume
CAD Caeneus Minerals Ltd 0.0015 50.00% $3.2M 1.5M
TMX Terrain Minerals Ltd 0.003 50.00% $1.9M 1.9M
TPD Talon Petroleum Ltd 0.003 50.00% $5.3M 660.0k
ICG Inca Minerals Ltd 0.004 33.33% $12.3M 450.0k
THD Thred Ltd 0.004 33.33% $3.6M 2.5M
CY5 Cygnus Gold Ltd 0.08 31.67% $4.8M 510.0k
FRX Flexiroam Ltd 0.02 25.00% $3.6M 202.4k
MGT Magnetite Mines Ltd 0.005 25.00% $4.0M 100.0k
NOR Norwood Systems Ltd 0.005 25.00% $10.4M 1.0M
OVL Oro Verde Ltd 0.005 25.00% $8.8M 47.7M
PWN Parkway Minerals NL 0.005 25.00% $3.0M 1.0M
HOR Horseshoe Metals Ltd 0.013 18.18% $2.5M 480.0k
SOR Strategic Elements Ltd 0.05 17.50% $11.6M 394.5k
EDE Eden Innovations Ltd 0.07 16.95% $114.9M 20.6M
PSM Peninsula Mines Ltd 0.004 33.33% $4.1M 2.1M
CIO Connected IO Ltd 0.007 16.67% $12.7M 46.4M
BEE Broo Ltd 0.02 15.79% $14.0M 34.7k
LIT Lithium Australia NL 0.05 14.58% $29.0M 2.9M
WCN White Cliff Minerals Ltd 0.004 14.29% $1.9M 961.4k
GDG Generation Development Group Ltd 0.49 13.95% $61.4M 20.0k
SIL Smiles Inclusive Ltd 0.13 13.04% $8.7M 152.0k

Going down

Its been two bad Fridays in a row for Metgasco (ASX:MEL). Last Friday it fell after announcing its well was a write-off and today its lost another 16 per cent as storm season begins in the Gulf of Mexico.

Here are the worst performing ASX small cap stocks at lunchtime, Friday July 12:

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Code Name Price % Chg Market Cap Volume
QGL Quantum Graphite Ltd 0.002 -33.33% $15.3M 1.2M
RMG RMG Ltd 0.008 -33.33% $5.6M 1.2M
LKO Lakes Oil NL 0.001 -33.33% $33.3M 2.2M
AMB Ambition Group Ltd 0.07 -26.32% $4.7M 4.0k
SUD Suda Pharmaceuticals Ltd 0.003 -25.00% $10.7M 150.0k
AAJ Aruma Resources Ltd 0.003 -25.00% $2.0M 150.0k
AHN Athena Resources Ltd 0.02 -20.00% $5.4M 200.0k
BLY Boart Longyear Ltd 0.004 -20.00% $105.2M 1.0M
ANL Amani Gold Ltd 0.002 -20.00% $10.4M 30.0k
MRV Moreton Resources Ltd 0.004 -20.00% $12.4M 13.5M
4CE Force Commodities Ltd 0.02 -20.00% $7.9M 3.2M
QFY Quantify Technology Holdings Ltd 0.005 -16.67% $5.7M 400.0k
MTH Mithril Resources Ltd 0.005 -16.67% $2.1M 1.0M
RIM Rimfire Pacific Mining NL 0.0025 -16.67% $2.7M 150.0k
AUQ Alara Resources Ltd 0.02 -16.67% $12.6M 2.1k
MEL Metgasco Ltd 0.03 -15.62% $10.5M 618.1k
WRM White Rock Minerals Ltd 0.006 -14.29% $9.8M 90.0k
AO1 AssetOwl Ltd 0.006 -14.29% $1.8M 35.0k
ANO Advance NanoTek Ltd 4.27 -13.56% $256.3M 159.0k