On Stockhead today, Despite its history, there’s a growing number of junior Aussie and New South Welsh ASX diggers (and dealers) all over the exciting Lachlan Fold Belt.

In this edition, we hear from the mining magnates and the gold generals who reckon it remains – after all these years – one of the best places in the world for a company to explore.

Josh picks seven juniors to make it rain with discoveries in the LFB

But first, the day ahead.

 

TRADING HALTS

The following stocks went into trading halts Tuesday and are expected out in the coming days:

Macquarie Technology Group (ASX:MAQ) – Equity raising.

Intelligent Monitoring Group (ASX:IMB) – Strategic acquisition and debt refinance.

GreenTech Metals (ASX:GRE) – Exploration update from the Ruth Well project.

Cosmo Metals (ASX:CMO) – Capital raising.

Locksley Resources (ASX:LKY) – Material acquisition and capital raising.

Challenger Gold (ASX:CEL) – Mineral Resource Estimate from the El Guayabo Project in Ecuador.

Ryder Capital (ASX:RYD) – Halt requested to allow time to complete the company’s May 2023 Net Tangible Asset (NTA) release (See above).

Advanced Health Intelligence (ASX:AHI) – Capital raising transaction and response to an ASX price query.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1947.25 (-0.73%)

Silver: $US21.970 (-1.72%)

Nickel (3mth): $US24,025/t (+2.02%)

Copper (3mth): $US9002.50/t (+0.27%)

Oil (WTI): $US69.20(+3.21%)

Oil (Brent): $US74.23 (+3.4%)

Iron 62pc Fe: $US106.50/t (+3.9%)

AUD/USD: 0.67670 (+0.26%)

Bitcoin: $US25,88 (-0.03%)

 

WHAT GOT YOU TALKING?

Azure Minerals. A sparkling spodumene situation.

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

TUESDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks on Tuesday:

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

Code Company Price % Today Volume Market Cap
AHI Advanced Health 0.4 371% 1,711,239 $16,762,337
TNT Tesserent Limited 0.12 145% 133,433,557 $66,354,924
CLE Cyclone Metals 0.0015 50% 1,355,644 $10,264,505
SNX Sierra Nevada Gold 0.145 45% 10,010 $4,162,787
ALO Alloggio Group 0.23 44% 8,072,264 $18,939,241
PRMDG Deferred Settlement 0.02 43% 196,071 $1,697,226
AD1 AD1 Holdings Limited 0.007 40% 650,000 $4,112,845
AW1 Americanwestmetals 0.074 32% 13,807,422 $14,905,051
AZS Azure Minerals 0.825 32% 20,699,075 $243,897,545
EMC Everest Metals Corp 0.13 30% 5,900,231 $12,943,311
EGN Engenco Limited 0.44 29% 135,284 $107,321,087
MQR Marquee Resource Ltd 0.049 29% 50,630,909 $12,433,885
DVL Dorsavi Ltd 0.014 27% 2,020,808 $6,085,320
ERW Errawarra Resources 0.11 26% 546,059 $5,263,848
AUH Austchina Holdings 0.005 25% 619,925 $8,311,535
AVW Avira Resources Ltd 0.0025 25% 2,680,000 $4,267,580
EDE Eden Inv Ltd 0.005 25% 2,510,432 $11,987,778
OAU Ora Gold Limited 0.0025 25% 574,996 $7,873,850
RBR RBR Group Ltd 0.0025 25% 8,249,021 $3,236,809
THR Thor Energy PLC 0.005 25% 6,096 $5,840,051
YPB YPB Group Ltd 0.0025 25% 1,838,217 $1,238,498
REM Remsensetechnologies 0.069 23% 878,597 $2,546,070
CY5 Cygnus Metals Ltd 0.295 23% 969,658 $51,393,771
OPA Optima Technology 0.017 21% 563,068 $3,518,788
CAN Cann Group Ltd 0.17 21% 614,756 $54,340,281
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The clear winner on post-Charles day is Advanced Health Intelligence (ASX:AHI), which went zooming off the charts to the tune of +370% this morning in the split-second that it wasn’t in an ASX-induced trading pause, or an outright halt requested by the company.

There’s a bit to unpack around that particular mystery bag of magnificent performance.

Tesserent (ASX:TNT), jumped 150% on news of a Scheme Implementation Deed (SID) with Thales Australia that’ll see the latter acquire 100% of TNT for $0.13 per share in cash.

The price is a massive 165% premium to the last closing price of $0.049 per share and 157.5% to the 1-month volume weighted average price (VWAP) of $0.0505 per share – a solid indication of just how badly Thales wanted to scoop up TNT.

Thales has advised the TNT business will continue to be known as Tesserent and the deal will position TNT as the lead cybersecurity offering of Thales ANZ.

The TNT board unanimously recommends shareholders vote in favour of the deal at an anticipated meeting in September.

The other takeover during the session, which has seen Allogio (ASX:ALO) jump around 44% on news that it has finally reached an agreement with Next Capital over the price it’s prepared to accept for 100% of the company.

Negotiations between ALO and Next have been trundling along for quite some time now, and today was the deadline for the Consultation Notice that had allowed the pair to haggle.

The deal has apparently been struck, and Next is now set to buy up 100% of ALO at $0.24 per share in cash.

 

TODAY’S ASX SMALL CAP LAGGARDS

Here are the least best performing ASX small cap stocks:

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

Code Company Price % Today Volume Market Cap
WNR Wingara Ag Ltd 0.023 -36% 316,552 $6,319,530
BOA Boadicea Resources 0.05 -35% 1,943,678 $6,158,315
VPR Volt Power Group 0.001 -33% 927,224 $16,074,312
CT1 Constellation Tech 0.003 -25% 1,883,333 $5,884,801
EMU EMU NL 0.0015 -25% 2,647,063 $2,900,043
MTB Mount Burgess Mining 0.0015 -25% 5,052,617 $1,766,342
PYR Payright Limited 0.003 -25% 322,584 $3,523,541
FNX Finexia Financialgrp 0.22 -21% 181,106 $13,430,362
MBX Myfoodieboxlimited 0.011 -21% 91,500 $519,791
DCX Discovex Res Ltd 0.002 -20% 114,999 $8,256,420
FGL Frugl Group Limited 0.008 -20% 1,102,284 $9,560,620
AQC Auspaccoal Ltd 0.105 -19% 772,015 $45,150,424
C6C Copper Mountain 2.11 -19% 544,473 $43,760,946
RGS Regeneus Ltd 0.009 -18% 785,294 $3,370,806
SCT Scout Security Ltd 0.018 -18% 2,594,756 $5,074,696
GBE Globe Metals &Mining 0.054 -17% 1,085,491 $32,939,965
S3N Sensore Ltd 0.25 -17% 12,527 $8,449,120
CAV Carnavale Resources 0.0025 -17% 3,260,019 $8,200,655
TZL TZ Limited 0.02 -17% 116,986 $6,064,995
TNY Tinybeans Group Ltd 0.26 -16% 57,549 $19,029,491
HFY Hubify Ltd 0.021 -16% 597,882 $12,403,407
GIB Gibb River Diamonds 0.038 -16% 70,593 $9,517,925
TTM Titan Minerals 0.039 -15% 7,431,972 $64,918,567
ADX ADX Energy Ltd 0.006 -14% 7,798,898 $25,271,497
CPT Cipherpoint Limited 0.006 -14% 2,900,000 $8,114,692
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