Here are the key ASX small cap winners and losers at lunchtime Thursday June 7.


Robot bricklayer Fastbrick (ASX:FBR) put on 14 per cent to an intraday high of 20c today after completing mechanical assembly of its Hadrian X construction robot.

Hadrian X was now “ready for extensive testing of its functionality over the next several months” said the company — which is rebranding itself FBR.

“This represents the start of a very important phase for FBR, where we’ll get the opportunity to globally demonstrate the Hadrian X and get everyone excited about what now exists in construction technology, and what might be possible for the future,” said chief Mike Pivac.

Hadrian X is on track to build its first house — a 3-bedroom, 2-bathroom structure known as Build1 — in the next six months.

Cannabis play Stemcell United (ASX:SCU) jumped 65 per cent to 3.8c amid heavy trading after announcing its partner Yunnan Hua Fang Industrial Hemp (HFIH) had been granted a licence to plant, process and sell industrial hemp products in China.

The licence allows HFIH to access cannabis seeds which SCU can use for stem cell research as it works to establish itself as a supplier of Chinese medicine cosmetic cannabis products.

SCU has the right to acquire up to 51 per cent of HFIH for about $760,000.

Carawine Resources (ASX:CWX) gained 33 per cent to 30.5c after announcing “exceptional first results” for the first diamond drill hole at its Hill 800 gold prospect in north-eastern Victoria.

The drill intersected “exceptional widths and grades of gold mineralisation only 60m from surface”.

“Even at this early stage of the program there are indications of an intensely altered mineralised system associated with high gold grades, and there are not many current gold discoveries reporting this width and grade of mineralisation so close to surface,” said MD David Boyd.

“We look forward to announcing regular updates from the drilling program as further results are
received over the next two months.”

Mark Creasy-backed Myanmar Metals (ASX:MYL) rose 22 per cent to 8.4c after successfully completing a bookbuild to raise $35 million at an issue price of 6c.

Myanmar said the placement was “heavily oversubscribed with significant demand from a wide range of new domestic and international institutional investors”.

The placement includes $19.1 million of binding commitments from Mr Creasy’s Yandal Investments and another cornerstone investor Perilya.

Gold and copper producer Doray Minerals (ASX:DRM) was up nearly 5 per cent to an intra-day high of 32.5c on Thursday morning after unearthing extremely high grades of gold and copper at its Deflector mine in Western Australia.

Drilling had exposed a lode that hosted “bonanza” grades of as high as 299 grams per tonne (g/t) gold and 10.5 per cent copper, the company said.

Grades above 5g/t gold and 1.5 per cent copper are generally considered high grade.

Here’s a snapshot of the best performing ASX small caps at 12.15pm AEST Thursday Jun 6:

ASX code Company Price change today (12.15pm AEST) Price (12.15pm AEST) Volume (intraday) Market Cap
BDI BLINA MINERALS N 1 0.002 750k 4.3M
SCU STEMCELL UNITED 0.652173913043 0.038 50M 11.8M
WCN WHITE CLIFF MINE 0.5 0.003 10M 7.7M
PRL PETREL ENERGY 0.5 0.003 2M 4.4M
NIU NIUMINCO GROUP 0.5 0.003 18M 4.8M
LNY LANEWAY RESOURCE 0.5 0.003 3k 8.4M
JKA JACKA RESOURCES 0.5 0.003 170k 1.5M
IOT IOT GROUP 0.5 0.003 2M 3.1M
CWX CARAWINE RESOURC 0.326086956522 0.305 2M 12.7M
SRO SHAREROOT 0.25 0.005 252k 5.5M
ITL INTEGRATED MEDIA 0.25 20 668 42.3M
HDY HARDEY RESOURCES 0.25 0.005 185k 5.4M
CLZ CLASSIC MINERALS 0.25 0.005 500k 7.8M
CGM COUGAR METALS NL 0.25 0.005 2M 3.7M
MYL MYANMAR METALS 0.217391304348 0.084 2M 45.8M
AQD AUSQUEST 0.193548387097 0.037 1M 16.3M
ICI ICANDY INTERACTI 0.183333333333 0.071 5k 16.6M
AU1 AGENCY GROUP AUS 0.181818181818 0.013 760k 7.5M
ICU ISENTRIC 0.166666666667 0.035 7k 5.5M
SMD SYNDICATED METAL 0.166666666667 0.007 386k 3.8M
DSX DECIMAL SOFTWARE 0.166666666667 0.028 22k 7.6M
AXP AIRXPANDERS-CDI 0.15 0.115 143k 28.8M
PVL POWERHOUSE VENTU 0.142857142857 0.24 18k 6.1M
MED MERLIN DIAMONDS 0.142857142857 0.008 4M 21.8M
1AD ADALTA 0.136363636364 0.375 10k 33.6M
8CO 8COMMON 0.135135135135 0.042 823k 5.0M
BYI BEYOND INTL 0.131147540984 0.69 17k 37.4M
CHK COHIBA MINERALS 0.125 0.009 106k 4.5M
OVN OVENTUS MEDICAL 0.117647058824 0.38 27k 36.0M
ARM AURORA MINERALS 0.115384615385 0.029 400k 3.0M
ATU ATRUM COAL 0.113636363636 0.098 893k 27.3M
EVE EVE INVESTMENTS 0.111111111111 0.01 13M 20.1M
PCK PAINCHEK 0.111111111111 0.06 342k 45.2M
SAS SKY AND SPACE GL 0.109756097561 0.091 1M 150.9M
FBR FASTBRICK ROBOTI 0.0857142857143 0.19 4M 185.7M
AVZ AVZ MINERALS 0.0833333333333 0.13 8M 224.2M
WWI WEST WITS MINING 0.0555555555556 0.019 2M 12.9M
DRM DORAY MINERALS 0.0322580645161 0.32 60k 138.5M
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WPG Resources (WPG) lost 20 per cent to 1.6c after producing less gold than expected.

“Although the month started well, gold production for May was approximately 5,200 ounces compared to a forecast of 6,500 ounces,” the miner said.

May’s production was lower than forecast due to “a number of unplanned events” including a rockfall that buried a remote unit and “some issues in the mill caused by wet and sticky high grade ore”.

Ongoing development of its Challenger Deeps project would require new capital investment, WPG said.

“WPG is actively engaged in refinancing and re-capitalisation discussions with potential funders to deliver these outcomes. Discussions with potential funding parties are incomplete and may not be successful.”

Here’s a snapshot of the worst performing ASX small caps at 12.15pm AEST Thursday Jun 6:

ASX code Company Price change today (12.15pm AEST) Price (12.15pm AEST) Volume (intraday) Market Cap
T3D 333D -0.333333333333 0.002 35k 2.6M
EMP EMPEROR ENERGY -0.333333333333 0.002 1M 2.7M
PGY PILOT ENERGY -0.257142857143 0.026 391k 2.2M
WPG WPG RESOURCES -0.2 0.016 6M 18.1M
TOU TLOU ENERGY -0.192307692308 0.105 27k 42.8M
DMI DEMPSEY MINERALS -0.175 0.165 280k 14.0M
OXX OCTANEX -0.166666666667 0.02 25k 6.5M
ADR ADHERIUM -0.148148148148 0.115 37k 23.5M
DEV DEVEX RESOURCES -0.142857142857 0.006 1M 6.6M
TSN TRANSACTION SOLU -0.125 0.007 475k 17.4M
LRS LATIN RESOURCES -0.125 0.007 14M 21.0M
CL8 COLLABORATE CORP -0.125 0.014 2M 9.9M
UCM USCOM -0.117647058824 0.15 46k 23.3M
OLV OTHERLEVELS HOLD -0.116279069767 0.038 70k 9.7M
FPL FREMONT PETROLEU -0.111111111111 0.008 15M 6.1M
AGE ALLIGATOR ENERGY -0.111111111111 0.008 2M 5.5M
VMX VALMEC -0.109375 0.285 184k 39.9M
DRK DRAKE RESOURCES -0.105263157895 0.017 1M 6.0M
ODM ODIN METALS -0.102040816327 0.22 28k 37.7M
RXH REWARDLE HOLDING -0.1 0.009 550k 3.3M
RVY RIFT VALLEY RESO -0.1 0.018 100k 15.8M
ORM ORION METALS -0.1 0.018 19k 8.1M
GTG GENETIC TECH -0.1 0.009 963k 24.4M
AHQ ALLEGIANCE COAL -0.1 0.045 20k 23.3M
BUG BUDERIM GROUP -0.0967741935484 0.28 23k 26.7M
KPO KALINA POWER -0.0952380952381 0.019 100k 9.3M
ECG ECARGO HOLDINGS -0.09375 0.145 13k 98.4M
IMS IMPELUS -0.0909090909091 0.02 300k 9.7M
CTL CENTENNIAL MININ -0.0909090909091 0.01 171k 11.5M
ADO ANTEO DIAGNOSTIC -0.0833333333333 0.011 2M 13.8M
DVL DORSAVI -0.0833333333333 0.11 19k 20.2M
AOU AUROCH MINERALS -0.0786516853933 0.082 135k 8.6M
AWV ANOVA METALS -0.078431372549 0.047 193k 31.9M
LSX LION SELECTION G -0.0769230769231 0.3 188k 41.1M
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