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

Welp… that was a blink-and-you’ll-miss-it kinda weekend, and so here we are again on another Monday morning, waiting impatiently for the markets to open so we can get down to the cheerful business of buying and selling little pieces of things to each other.

What a time to be alive.

Naturally, there’s a knack to performing this seemingly simple task… and you’ll probably find that most folks who are good at it, are good at it because they know a lot of stuff about a lot of stuff.

It’s with that in mind that our fearless team of intrepid writers have been chained to their desks all weekend without a break, furiously researching the latest news they’ve been able to get their pale, withered hands on.

(Ed: Note to self – reminder to invoice journos for chains)

For starters, Christian wrote a thing, as Christian is wont to do – this time, it’s about Danish health tech Novo Nordisk, which has (apparently) found a new drug that will cause weight loss when it’s injected into a patient. It’s all very complicated, and 100% not the ‘weight loss’ drug your probably thinking of.

Nope… it’s not that one either.

Elsewhere, Nadine’s been busy figuring out what’s happening in the world of defence stocks, Em’s been digging into who’s locking in green tech patents and Eddy’s got a lesson for bosses who aren’t green enough.

Hint: It involves those pesky Gen Zs.

As always, there’s data and digits to digest as the day begins, so here’s that stuff as well. Enjoy!

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1918.90 (-0.01%)

Silver: US$22.917 (-0.13%)

Nickel (3mth): US$20258/t (-0.56%)

Copper (3mth): US$8,223.75/t (-0.23%)

Oil (WTI): US$87.297 (+0.49%)

Oil (Brent): US$90.280 (+0.40%)

Iron 62pc Fe: US$117.50/t (-1.67%)

AUD/USD: 0.6379 (+-0.03%)

Bitcoin: US$25,817.50 (-0.31%)

WHAT GOT YOU TALKING

You guys really took a shine to our new Micros and Majors column – the one where we peel back the lid on the Small Caps that are in cahoots with the Big Kids on the ASX, to see who’s getting a leg-up around Australia this week.

Micros with Majors is Stockhead’s new column which profiles and looks at the stories behind #microcap #ASX companies in partnerships with some of Australia’s, and the world’s, leading organisations. https://t.co/BQQSwQiIWo

— Stockhead (@StockheadAU) September 7, 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
TD1	Tali Digital Limited	0.002	100%	24,000	$3,295,156
ZEU	Zeus Resources Ltd	0.021	62%	16,942,282	$5,970,653
EXT	Excite Technology	0.0075	50%	1,825,087	$5,796,209
ICN	Icon Energy Limited	0.006	50%	3,366,066	$3,072,055
MTH	Mithril Resources	0.0015	50%	40,000	$3,368,804
CRB	Carbine Resources	0.01	43%	465,103	$3,862,164
RMX	Red Mount Min Ltd	0.005	43%	1,044,809	$8,835,229
ODE	Odessa Minerals Ltd	0.014	40%	50,388,505	$9,471,118
MRI	Myrewardsinternation	0.015	36%	7,819,575	$4,692,972
OLI	Oliver'S Real Food	0.023	35%	487,781	$7,492,443
NAE	New Age Exploration	0.008	33%	61,925,815	$8,615,393
WCN	White Cliff Min Ltd	0.009	29%	5,554,096	$8,799,130
ASW	Advanced Share Ltd	0.16	28%	917,502	$24,175,972
ELS	Elsight Ltd	0.485	28%	938,526	$57,121,441
ECT	Env Clean Tech Ltd.	0.0075	25%	35,357,724	$17,085,331
ABE	Ausbondexchange	0.125	25%	91,496	$3,875,310
GTR	Gti Energy Ltd	0.01	25%	19,506,487	$15,582,033
LYN	Lycaonresources	0.285	24%	263,318	$8,951,313
SUH	Southern Hem Min	0.026	24%	2,577,802	$11,063,933
TZL	TZ Limited	0.021	24%	37,380	$4,364,888
LV1	Live Verdure Ltd	0.215	23%	376,260	$15,707,835
AEV	Avenira Limited	0.011	22%	3,601,645	$15,570,065
BDG	Black Dragon Gold	0.034	21%	195,973	$5,618,762
MRR	Minrex Resources Ltd	0.017	21%	8,449,470	$15,188,145
R8R	Regener8Resourcesnl	0.17	21%	5,808	$3,591,875

Friday’s Small Caps standouts were:

It wasn’t going to be long before we heard from Errawarra Resources (ASX:ERW) again.

The WA explorer (which has expanded its portfolio from nickel and lithium, to gold and graphite), is up once more, following the company’s impressive annual report, which dropped late Thursday.

The report provides a clear roadmap up front in executive chairman Thomas Reddicliffe’s letter to shareholders, which notes:

The company’s main focus over the past year has been to secure the Andover West tenement in the Pilbara, where it is hunting “compelling nickel targets”…
… as well as digging into some pretty compelling lithium nearology, too – what with the Azure Minerals (ASX:AZS) lithium success story being pretty much adjacent.
Further exploration at the gold, nickel, graphite focused Errabiddy project is ongoing.
Meanwhile, “the company has reviewed its commitment to its foundation projects at Binti Binti and Fraser Range, and is actively seeking to sell or Joint Venture these projects.”

The other day, ERW surged upwards after Errawarra closed a heavily-oversubscribed placement early, receiving commitments for $4.25 million from sophisticated investors to fund and accelerate its exploration.

Friday’s top gainers also included Advanced Share Registry (ASX:ASW) up 32% while Gregor (me) was watching, after revealing it entered a scheme of arrangement, which will see Automic Enterprise will buy 100% of the company, at $0.165 per share.

ASW closed at $0.125 yesterday, and is sitting right on top of Automic’s target price at lunchtime today. Automic Group, BTW, provide accounting services and finance functions to support compliance and ‘deliver efficiency to your business.’

Copper hunter Southern Hemisphere Mining (ASX:SUH) surged.

In relation to a shortfall from the company’s pro-rata non-renounceable entitlement offer in July this year, Southern Hemisphere Mining has received binding commitments for the shortfallen securities, raising additional funds of more than $1.27m.

In total, the company advises it’s now successfully raised the full amount of $2.36m offered under the entitlement offer. And this will help enable drilling at the Llahuin project, with the aim of substantially increase the existing resource towards a 25 year-mine life, and this is piquing the interest of copper-hungry majors.

Oliver’s Real Food (ASX:OLI), which wandered somewhat zombie-like to a 35.3% rise on zero news.

YESTERDAY’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
AMA	AMA Group Limited	0.0605	-43%	88,090,387	$113,444,983
AFA	ASF Group Limited	0.051	-37%	2,621	$64,184,200
M3M	M3Mininglimited	0.082	-37%	2,803,948	$6,046,729
MXC	Mgc Pharmaceuticals	0.002	-33%	749,107	$13,283,905
AD1	AD1 Holdings Limited	0.006	-25%	501,226	$6,580,551
CCE	Carnegie Cln Energy	0.0015	-25%	11,485,469	$31,285,147
EDE	Eden Inv Ltd	0.003	-25%	63,917,834	$11,987,881
PVS	Pivotal Systems	0.003	-25%	4,721,723	$3,073,517
XTC	Xantippe Res Ltd	0.0015	-25%	5,888,733	$35,056,011
COY	Coppermoly Limited	0.011	-21%	303,298	$7,421,777
88E	88 Energy Ltd	0.0065	-19%	72,406,940	$165,287,509
SIX	Sprintex Ltd	0.022	-19%	45,000	$8,336,106
BSE	Base Res Limited	0.185	-18%	1,418,065	$265,052,666
SRR	Saramaresourcesltd	0.029	-17%	391,381	$1,968,862
ASP	Aspermont Limited	0.01	-17%	1,739,263	$29,265,164
LML	Lincoln Minerals	0.005	-17%	405,272	$8,524,271
TKL	Traka Resources	0.005	-17%	7,706,900	$5,227,976
ODA	Orcoda Limited	0.26	-15%	283,068	$51,592,906
YRL	Yandal Resources	0.047	-15%	55,443	$8,679,169
DOU	Douugh Limited	0.006	-14%	20,244	$7,398,827
VN8	Vonex Limited.	0.019	-14%	624,794	$7,960,230
EMP	Emperor Energy Ltd	0.013	-13%	145,842	$4,032,937
GHY	Gold Hydrogen	0.24	-13%	331,697	$15,653,831
AUE	Aurumresources	0.105	-13%	35,359	$3,000,000
MGA	Metalsgrovemining	0.105	-13%	23,000	$4,464,060