Rise and Shine: Everything you need to know before the ASX opens

"Revenge". Pic via Getty Images.

It’s Monday morning (or at least, it will be by the time you’re done reading this), which means that everyone should be at peak enthusiasm, with a big, wide week of ASX action all about to unfold before us.

Huzzah! etc.

But, as the old adage goes, it’s vitally important that we remember to look before we leap, and that applies equally to murky, fast-moving waterways that may or may not be teeming with crocodiles, as it does to investing on the ASX, which is slightly less likely to be filled to the brim with hungry, prehistoric-ish carnivores who would love nothing more than to eat you whole.

So, to aid you in remaining unconsumed by roving crodilians, the Stockhead team has been very hard at work, putting metaphorical pen to paper after much (where appropriate) beard-stroking and careful pondering of all the facts before us.

For instance, Josh Chiat has been chatting with Gavin Wendt, founder of MineLife and respected resources analyst, who has some alarming news on how many more mines we’re going to need. Soon. (Hint: It’s more than we can make.)

Likewise, Nadine McGrath has run her very tidy ruler which has never been written on or used in a game of splits over the ASX and its August performance. And it can go straight to back of the class, sit in the corner, and face the wall.

And, as always, here’s all the bits and pieces to bring you up to speed before the ASX doors fly open, and the fun begins again.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,968.7 (-0.03%)

Silver: US$23.25 (+0.01%)

Nickel (3mth): US$20,863/t (-1.04%)

Copper (3mth): US$8377.48/t (-0.03%)

Oil (WTI): US$81.26 (-0.68%)

Oil (Brent): US$84.63 (-0.71%)

Iron 62pc Fe: US$107.41/t (-0.91%)

AUD/USD: 0.65 (+0.7%)

Bitcoin: US$29,155.70 (-0.08%)

WHAT GOT YOU TALKING

That scurrilous scamp we all know as The Secret Broker is at it again, sharing the wisdom he has amassed over thousands and thousands of years, and bringing us an important lesson: It’s a terrible idea to be Dutch.

The Secret Broker: “Nvidia’s revenue in the last quarter rose 100% to US$13bn, giving it a net income of US$6bn, which is an increase of 853%. That’s not the most impressive bit for me though; that award goes to its profit margin, which came out at 45.8%.” https://t.co/Hz00Gvb9Jv

— Stockhead (@StockheadAU) September 1, 2023

FRIDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code	Company	Price	%	Volume	Market Cap
DM1	Desert Metals	0.097	126%	11,534,613	$3,119,266
AXP	AXP Energy Ltd	0.002	100%	237,619	$5,824,681
TD1	Tali Digital Limited	0.0015	50%	500,000	$3,295,156
VPR	Volt Power Group	0.0015	50%	250,114	$10,716,208
TVN	Tivan Limited	0.076	33%	6,754,146	$89,534,390
KNO	Knosys Limited	0.047	31%	117,832	$7,780,993
ACM	Aus Critical Mineral	0.42	29%	4,656,948	$9,662,656
CSX	Cleanspace Holdings	0.41	28%	85,229	$24,662,453
BCT	Bluechiip Limited	0.025	25%	1,633,421	$14,273,409
OLH	Oldfields Holdings	0.05	25%	284,522	$7,990,238
GTG	Genetic Technologies	0.0025	25%	500,000	$23,083,316
OPN	Oppenneg	0.01	25%	333,148	$8,933,437
BTC	BTC Health Ltd	0.026	24%	777,892	$5,918,773
MRZ	Mont Royal Resources	0.215	23%	321,229	$14,401,614
DOC	Doctor Care Anywhere	0.055	22%	710,159	$16,498,901
BPH	BPH Energy Ltd	0.023	21%	8,424,002	$17,674,474
REZ	Resourc & En Grp Ltd	0.019	19%	196,321	$7,996,893
TGH	Terragen	0.026	18%	20,000	$5,335,853
T92	Terrauraniumlimited	0.165	18%	221,133	$7,224,723
DUB	Dubber Corp Ltd	0.135	17%	4,007,271	$41,113,302
ARV	Artemis Resources	0.034	17%	6,519,063	$45,527,633
TRE	Toubaniresourcesinc	0.14	17%	213,305	$12,263,880
TIG	Tigers Realm Coal	0.007	17%	2,791,804	$78,400,214
CGO	CPT Global Limited	0.15	15%	389,457	$5,446,657
1AG	Alterra Limited	0.008	14%	553,007	$4,875,868

Friday’s Small Caps standouts were:

Desert Metals (ASX:DM1) up at lunch over 150% and ending at a respectable 129%, after some happy results from recent aircore drilling at Dingo Pass, which show the Krakatoa Resources (ASX:KTA) clay hosted rare earth element (REE) mineralisation extends all the way into DM1’s licence area.

The company says says KTA’s good news heads at least 9km into Desert Metals’ territory, after drilling returned samples of this nature:

3m @ 4512 TREO from 21m, Hole DGAC 059
4m @ 3700 TREO from 21m, Hole DGAC 017
12m @ 1363 TREO from 24m, incl 3m @ 2078 TREO from 24m, Hole DGAC 081
17m @ 1101 TREO from 21m, incl 3m @ 1988 TREO from 21m, Hole DGAC 010

An unexpected winner from all this is vanadium minnow Tivan (ASX:TVN), which gained 20% because these are the green venture dudes which ex-central banker and now ex-Fortescue guy, Guy Debelle left on Friday for. Debelle is a big fish for a little company.

Well… they’re on the map now.

The ASX-newcomer Australian Critical Minerals (ASX:ACM) announced earlier this week its maiden exploration program has been successfully completed at the Cooletha lithium project in the Pilbara.

ACM stock is continuing a confident rise on the “highly encouraging mineralisation, including visible spodumene sites and manganese mineralisation”.

FRIDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code	Company	Price	%	Volume	Market Cap
PVS	Pivotal Systems	0.004	-33%	6,138,000	$4,610,276
WSI	Weststar Industrial	0.145	-31%	1,937,650	$23,260,700
DEL	Delorean Corporation	0.021	-30%	2,052,462	$6,471,627
MCT	Metalicity Limited	0.0015	-25%	750,000	$7,472,172
UCM	Uscom Limited	0.042	-22%	9,750	$10,288,812
WNR	Wingara Ag Ltd	0.031	-21%	28,765	$6,846,158
PHL	Propell Holdings Ltd	0.02	-20%	464,967	$3,008,888
TZL	TZ Limited	0.02	-20%	597,395	$6,418,953
RCW	Rightcrowd	0.018	-18%	1,329,521	$5,790,220
MRI	Myrewardsinternation	0.0115	-18%	119,643	$5,828,873
TG1	Techgen Metals Ltd	0.03	-17%	575,498	$2,778,058
APC	Aust Potash Ltd	0.005	-17%	2,932,113	$6,232,137
ECT	Env Clean Tech Ltd.	0.005	-17%	775,333	$17,085,331
EEL	Enrg Elements Ltd	0.005	-17%	3,497,145	$6,059,790
LML	Lincoln Minerals	0.005	-17%	3,123,385	$8,524,271
MXC	Mgc Pharmaceuticals	0.0025	-17%	12,911,169	$11,677,079
NES	Nelson Resources.	0.005	-17%	95,000	$3,681,566
ROG	Red Sky Energy.	0.005	-17%	546,396	$31,813,363
MFD	Mayfield Childcr Ltd	0.87	-16%	434,466	$67,272,086
MLG	Mlgozltd	0.51	-15%	29,107	$88,076,498
BCK	Brockman Mining Ltd	0.023	-15%	80,700	$250,566,268
KCC	Kincora Copper	0.035	-15%	144,008	$6,600,437
SKF	Skyfii Ltd	0.036	-14%	283,166	$17,626,903
LRL	Labyrinth Resources	0.006	-14%	689,224	$8,312,806
RGS	Regeneus Ltd	0.006	-14%	1,245,009	$2,145,058

TRADING HALTS

Austral Resources (ASX:AR1) – Pending the release of an announcement in relation to a corporate financing.

Iceni Gold (ASX:ICL) – Pending an announcement regarding a proposed capital raise.

Kingsland Minerals (ASX:KNG) – Pending the release of an announcement in relation to drill assay results from the Leliyn Graphite project in the Northern Territory.

BikeExchange (ASX:BEX) – Pending an announcement regarding a proposed capital raise.

American West Metals (ASX:AW1) – Pending the release of exploration results at the company’s Storm Project.

High-Tech Metals (ASX:HTM) – Pending material acquisitions by the company.

Bio-Gene Technology (ASX:BGT) – Pending an announcement by the company to the market in relation to the outcome of a capital raising.

Sarama Resources (ASX:SRR) – Pending the release of an announcement in relation to correspondence received by the company from the Minister of Mines in Burkina Faso concerning the status of the Tankoro 2 Exploration Permit.

Southern Cross Gold (ASX:SXG) – Pending an announcement by the company to the market in relation to material exploration results at its Sunday Creek Project.