It’s the last day of the financial year, and if distant memories of my last day at high school are anything to go by, we can expect the Sydney CBD to be overrun by half-naked stock market enthusiasts, and several bins set on fire as the celebrations really kick off.

We were eased into the day with a -0.4% slump for the benchmark, but things got better over the course of the morning with the ASX 200 hitting +0.1% around lunchtime.

But before I get too deep into what the market’s doing, we’re off to the US to see how the EOFY madness is affecting the art world.

Spoiler alert: people are still paying utterly ridiculous amounts of money on stuff that is patently just other people having a lend.

In Brooklyn, New York, there’s an art collective called MSCHF, which is widely known for making stupid stuff.

Stuff like a cologne that smells like WD-40 (which is currently out of stock), a pair of boots that you can wear to any occasion that requires you to look like you’ve just finished rolling Papa Smurf for his fat red kicks, and… this:


asx winner HTG
Just the thing for carrying my condoms whenever I leave the house. Pic: Supplied (MSCHF).


It’s a purse – allegedly – that has taken the idea of fashionable mini-purses to a whole new level, so tiny that you need a microscope (included, with a digital display) to see any of the painstaking detail.

“There are big handbags, normal handbags and small handbags, but this is the final word in bag miniaturisation,” MSCHF said, in an attempt to justify making it.

It’s been marketed as being “smaller than a grain of salt”, and “Narrow enough to pass through the eye of a needle” – which it can, as it measures just 657 x 222 x 700 micrometres. Perfect for anyone who simply can’t leave the house without half a grain of salt, I guess.

So yeah, very small indeed, and one of the most aggressively pointless things I’ve ever seen.

“But, you know… it’s, like… art, man,” I hear you say, to which I offer you my bog standard reply to just about everything these days.

“I don’t understand it, it confuses me and I am scared of it, so please take it away.”

Anyway, it was put up for auction last night, and sold for just over AUD$96,400.

Which in a way isn’t such a bad thing – the tech behind making it is actually pretty funky, with the artists using microscopic 3D printing tech and a unique polymer resin to create a finely detailed purse, complete with (unapproved) Louis Vuitton branding.

Plus, the money will come in handy for the collective to waste on other stuff that is – in comparison – enormously cool.

Like a limited edition electronic key fob called Key4All, which opens and starts a “secret” car somewhere in New York.

Only the key holders know what kind of car it is, but for the price of the key, anyone can have access to it to drive it around town. They just need to find it before anyone else on the day they want to drive it.

The only thing that could make that idea any better would be for the car itself to not exist – because the idea of 1,000 bearded, art-loving, man-bunned numpties scouring Manhattan for a non-existent car fills me with joy.

And that’s what art’s all about.



Aussie markets opened lower this morning, falling quite quickly to -0.4% before 11:00am, but an End of Financial Year rally has the broader market up by 0.1% at lunch.

I’m not holding my breath that things will stay on the happy side of the ledger – the last day of the financial year is often (I’m told) a weird one for investors, as profit takers look to square away accounts before having “the talk” with the tax man in a few weeks’ time.

The rally has come from the ranks of Energy and Materials stocks this morning. When the market first opened, it was a sea of red, but the diggers and resources mob have extracted the metaphorical digit to deliver +0.7% for Energy and +0.56% for Materials.

Slumping about, however, is Health Care (-0.45%) and Real Estate (-0.35%), with big guns from health such as ProMedicus (ASX:PME), Ramsay (ASX:RHC) and Sonic the Healthcare (ASX:SHL)I know what I wrote – down 1.38%, 0.87% and 0.46% respectively.

The closest thing to a Large Cap doing well today is Imugene (ASX:IMU), up 8.43% on news that a Phase 2 trial of its HER-Vaxx (IMU-131), a HER-2-targeting peptide vaccine plus SOC chemotherapy in patients with HER-2+ advanced stomach cancer, has yielded some super-encouraging results.



Overnight, the Dow broke through the completely insignificant 34,000-point mark to finish the day higher by 0.8%, the S&P added 0.45% out of sympathy and the Nasdaq finished flatter the batteries on my phone, which is why I overslept. Again. Sorry.

US Treasury yields jumped 13 basis points to 3.838% on the 10-year, and 14 basis points to 4.859% on the 2-year after stronger than expected GDP data landed with a thud on the steps of the White House.

In US stock news, Tech stocks ended the day largely flat for the sector, with the ever-popular Tesla up just 0.49%.

In European news, London’s FTSE fell 0.38% and further west, the DAX was down 0.01%, and the French CAC was up 0.36%.

Gold and Brent Crude prices didn’t move very much overnight – either that, or the Reuters website is broken again…

Gold is at $US1907.20 an ounce, Crude is at $US74.13 a barrel, Nickel is up to $US24,025/t (+2.02%) and Copper is over 9000!!!, up .27% to $US9002.50/t.

In Japan, the Nikkei is down 0.56% after locals at a beach resort city in southwest Japan dealt with their beloved crystal clear waters turning a violent shade of blood red.

The unusual phenomenon has been attributed to a leaky pipe in the town’s Orion Brewery, where a company spokesperson confirmed that a large quantity of propylene glycol – a food additive listed in enforcement regulations of the Food Sanitation Act – had found its way into the brewery’s drainage system.

It’s apparently complete harmless, but the spill has angered the local shark population, who have been in talks with their two-legged, on-land counterparts to arrange a lawsuit for “blatant false advertising of a feeding frenzy in progress”.

In China, Shanghai markets are up as the Chinese government keeps a watchful eye on wargames being held in contested waters between Japan and Australia, but in Hong Kong the Hang Seng is down because I think we all forgot its birthday.



Here are the best performing ASX small cap stocks for June 30 [intraday]:

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Code Company Price % Volume Market Cap
KEY KEY Petroleum 0.0015 50% 811,136 1,967,928
BNL Blue Star Helium Ltd 0.029 38% 6,854,344 33,309,571
MCT Metalicity Limited 0.002 33% 337,257 5,604,129
MTL Mantle Minerals Ltd 0.002 33% 1,000,000 9,221,169
TYM Tymlez Group 0.004 33% 1,753,009 3,276,586
HTG Harvest Tech Grp Ltd 0.048 33% 1,434,788 22,745,499
APC Aust Potash Ltd 0.009 29% 788,836 7,270,753
VML Vital Metals Limited 0.009 29% 17,739,493 37,143,048
PPY Papyrus Australia 0.03 25% 400,002 11,744,822
AD1 AD1 Holdings Limited 0.005 25% 592,425 3,290,276
BOT Botanix Pharma Ltd 0.13 24% 6,078,198 137,808,339
CHK Cohiba Min Ltd 0.003 20% 1,500,000 5,283,110
YPB YPB Group Ltd 0.003 20% 986,666 1,548,122
LML Lincoln Minerals 0.0155 19% 2,536,204 7,474,788
ELT Elementos Limited 0.16 19% 290,649 26,289,911
FTZ Fertoz Ltd 0.11 18% 205,000 24,029,639
AJL AJ Lucas Group 0.014 17% 568,429 16,508,756
EDE Eden Inv Ltd 0.0035 17% 3,622,782 8,990,833
SIT Site Group Int Ltd 0.0035 17% 12,500 7,807,471
AJX Alexium Int Group 0.015 15% 560,856 8,468,067
AUZ Australian Mines Ltd 0.015 15% 1,031,858 7,849,691
RGL Riversgold 0.015 15% 3,981,642 12,366,399
ILT Iltani Resources Lim 0.23 15% 67,326 0
UNT Unith Ltd 0.031 15% 7,740,507 24,052,629
1CG One Click Group Ltd 0.008 14% 755,000 4,298,496
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Harvest Technology Group (ASX:HTG) is leading the ladder at lunchtime today, up 38.8% after securing a juicy defence contract.

The company has received an initial order for its Nodestream technology for a Five Eye defence customer,in the total amount of approximately US$180,000 – to assist the un-named defence force with “ultra-low-bandwidth, high-quality secure” remote operations and communications tech.

In second place this morning, it’s Blue Star Helium (ASX:BNL), up 38.1% on news that the company has executed a Master Services Agreement for the provision of helium recovery services through the delivery and operation of a helium recovery plant at its maiden birthday-grade helium development, Voyager.

BNL has gone with experienced US midstream provider, IACX Energy to provide helium recovery services through delivery and operation of a pressure swing adsorption (PSA) helium (He) recovery plant.

And in third place is Lincoln Minerals (ASX:LML), up 23% this morning on the back of its recent announcement of high-grade, shallow intercepts at its Koppio Graphite resource.

The intercepts include 27m @ 7.45% TGC from 73m including 11m @ 12.78% TGC from 85m in hole KP023, and 29m @ 12.65% TGC from 60m including 13m @ 18.24 % TGC from 69m  from hole KP35.



Here are the most-worst performing ASX small cap stocks for June 30 [intraday]:

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Code Company Price % Volume Market Cap
ERG Eneco Refresh Ltd 0.01 -33% 257,965 $4,085,375
BP8 Bph Global Ltd 0.002 -33% 742,359 $3,854,189
MRQ Mrg Metals Limited 0.002 -33% 4,245,418 $5,957,756
SNX Sierra Nevada Gold 0.1 -31% 6,010 $6,036,040
IS3 I Synergy Group Ltd 0.007 -30% 211,111 $2,890,804
CRB Carbine Resources 0.008 -27% 140,058 $4,259,655
AUK Aumake Limited 0.003 -25% 2,308,100 $5,949,038
ICN Icon Energy Limited 0.003 -25% 10,315 $3,072,055
XTC Xantippe Res Ltd 0.0015 -25% 6,595,022 $22,960,199
WYX Western Yilgarn NL 0.115 -21% 252,568 $7,200,338
DTI DTI Group Ltd 0.012 -20% 4,000 $6,728,271
IGN Ignite Ltd 0.048 -20% 2,000,000 $5,374,931
EMU EMU NL 0.002 -20% 323,534 $3,625,053
GTG Genetic Technologies 0.002 -20% 40,000 $28,854,145
IRX Inhalerx Limited 0.039 -19% 732 $9,108,814
R3D R3D Resources Ltd 0.025 -17% 172,072 $3,516,155
CAV Carnavale Resources 0.0025 -17% 250,000 $8,200,655
PUA Peak Minerals Ltd 0.0025 -17% 536,447 $3,124,130
W2V Way2Vatltd 0.01 -17% 103,818 $6,904,030
WFL Wellfully Limited 0.0025 -17% 369,032 $1,478,832
TMH The Market Herald 0.275 -15% 2,000 $104,316,089
DY6 Dy6Metalsltd 0.2 -15% 157,462 $9,062,186
PRM Prominence Energy 0.018 -14% 335,594 $2,545,849
AUH Austchina Holdings 0.003 -14% 500,000 $7,272,593
GTR Gti Energy Ltd 0.006 -14% 259,160 $13,634,279
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That’s just about it from me for now, but if you’ll allow me one small indulgence: Happy Birthday to Toby! I love you and I’m proud of you, Little Man.