Fans of Michael Fox’s Back to the Future II may remember hoverboards and wanted one. Well, dreams are finally a reality.

Only three weeks after a previous failed attempt, Frenchman Franky Zapata crossed the English Channel with the help of the Flyboard he’s been developing for seven years now.

He crossed it within 20 minutes. (OK, he had to stop to refuel halfway and it was only 35km.)

We found it fascinating that he is a former jet-ski champion. Zapata told local media: “Let’s just say that I achieved my dream.”

The big event this week is the annual Diggers & Dealers conference over at Kalgoorlie. Our own Reuben Adams is in attendance and here is his guide about today’s presenters. Many will have dreams of becoming the next producers, others (such as Northern Star) have achieved them.

The ASX Small Ords has lost 1.1 per cent this morning, dropping to 2,907 which is its worst day in nearly two months. The ASX 200 lost 0.85 per cent to 6,711.

It sounds like a broken record to keep crediting the trade war to the share market but things ramped up over the weekend with more tariffs being added. Our trade minister Simon Birmingham thinks these might breach WTO rules.

The Reserve Bank is meeting tomorrow and it’s highly unlikely it will cut rates again but their commentary on the economy is always interesting.

Going up

Golden Rim Resources (ASX: GMR) rocketed 82 per cent higher having stumbled across spectacular results in its gold drilling campaign.

Here are the best performing ASX small cap stocks at lunchtime, Monday August 5:

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Code Name Price % Chg Market Cap Volume
MLS Metals Australia Ltd 0.002 +100.00% $5.9M 5.0M
GMR Golden Rim Resources Ltd 0.02 +81.82% $15.5M 64.3M
CZN Corazon Mining Ltd 0.0003 +50.00% $4.9M 250.0k
LKO Lakes Oil NL 0.0015 +50.00% $50.0M 1.5M
PSM Peninsula Mines Ltd 0.003 +50.00% $3.0M 942.0k
DDT DataDot Technology Ltd 0.007 +40.00% $5.7M 2.5M
PNN PepinNini Lithium Ltd 0.004 +33.33% $5.0M 150.0k
ELT Elementos Ltd 0.005 +25.00% $7.7M 924.6k
VAL Valor Resources Ltd 0.005 +25.00% $9.5M 200.0k
BNL Big Star Energy Ltd 0.005 +20.00% $2.8M 714.8k
TSC Twenty Seven Co Ltd 0.005 +20.00% $6.0M 12.6M
INP IncentiaPay Ltd 0.04 +18.18% $9.5M 591.7k
UNL United Networks Ltd 0.013 +18.18% $1.6M 150.0k
ERL Empire Resources Ltd 0.0105 +16.67% $6.5M 3.8M
ANL Amani Gold Ltd 0.0035 +16.67% $18.2M 2.0M
ANW Aus Tin Mining Ltd 0.01 +16.67% $15.5M 1.6M
FNT Frontier Resources Ltd 0.01 +15.38% $7.3M 4.4M
SMN Structural Monitoring Systems 1.07 +15.05% $123.5M 139.9k
SIS Simble Solutions Ltd 0.07 +15.00% $8.8M 2.1M
RAC Race Oncology Ltd 0.08 +14.93% $6.7M 2.0k

Going down

Citigold Corp (ASX: CTO) fell after announcing a rights issue.

Here are the worst performing ASX small cap stocks at lunchtime, Monday August 5:

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Code Name Price % Chg Market Cap Volume
THD Thred Ltd 0.001 -33.33% $1.8M 1.2M
GLV Global Vanadium Ltd 0.002 -33.33% $5.7M 650.0k
RNX Renegade Exploration Ltd 0.003 -25.00% $2.1M 333.3k
NWE Norwest Energy NL 0.003 -25.00% $10.1M 1.5M
LCY Legacy Iron Ore Ltd 0.003 -25.00% $4.4M 196.0k
BAS Bass Oil Ltd 0.003 -25.00% $4.4M 1.0M
AOA Ausmon Resources Ltd 0.003 -25.00% $1.6M 300.0k
BNR Bulletin Resources Ltd 0.02 -24.14% $3.9M 130.0k
PIL Peppermint Innovation Ltd 0.009 -18.18% $8.9M 1.5M
UTR Ultracharge Ltd 0.0025 -16.67% $2.7M 1.6M
TYX Tyranna Resources Ltd 0.005 -16.67% $4.7M 250.0k
RIM Rimfire Pacific Mining NL 0.0025 -16.67% $3.4M 3.3M
AVW Avira Resources Ltd 0.005 -16.67% $2.5M 1.7M
BRV Big River Gold Ltd 0.015 -16.67% $15.4M 11.0M
RFN Reffind Ltd 0.003 -14.29% $1.8M 200.0k
CTO Citigold Corp Ltd 0.006 -14.29% $13.0M 3.6M
1AD Adalta Ltd 0.19 -13.64% $31.2M 25.1k