On Stockhead today, Japanese mega-investor Idemitsu took another chunk of rising lithium star Delta, we’re running out of stuff to make food from, and Goldman’s got a couple of imaging picks.

But first, the day ahead.



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

Jaxsta (ASX:JXT) – The online music info repository has news about a proposed funding transaction.

Hawthorn Resources (ASX:HAW) – Announcement regarding joint venture agreement on the Mt Bevan project. I wonder who the JV is going to be with… Quick, everyone! To the Mystery Mobile!

Legacy Iron Ore (ASX:LCY) – Announcement regarding joint venture agreement on the Mt Bevan project. Mystery solved! Well done, everyone.

Predictive Discovery (ASX:PDI) – Taking time out to prep a response to an ASX speeding ticket, and supply “an exploration update inclusive of any unannounced assay results as specifically requested by ASX”.


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%)



Gravitas out AW1 west.

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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.



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

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Wednesday’s stock of the hour was Golden Mile Resources (ASX:G88), which leapt out of its skin to bank a 166% (or thereabouts) gain after dropping news of “Spectacular Intersections” at its Quicksilver nickel-cobalt project in WA.

Gregor says, G88 hit its “best ever” intersections including drill hole 23QDD008, which returned 49m at 1.74% nickel (Ni), 0.071% cobalt (Co) from 30m, including:

  • 28m at 2.34% Ni & 0.109% Co from 32m depth, with intercepts up to 4.14% Ni and 0.421% Co; and
  • 5m @ 1.6% Ni & 0.026% Co from 73m depth

Golden Mile’s freshly-minted managing director – he was bumped up into the role just on Tuesday – Damon Dormer said:

“These are spectacular intersections and the highest nickel grade we have ever encountered at Quicksilver.”

“The results indicate that we have a significantly higher-grade zone within the overall Resource with the potential of disseminated nickel mineralisation within the untested primary zone.”

So that’s nice.


Intelligent Monitoring Group (ASX:IMB), came in at 2nd on the small cap ladder, up +71% in morning trade on news it’s entered into a binding agreement to acquire all of the shares in Tyco Australia Group for $45 million.

Investors have decided that this is a Good Thing for Intelligent Monitoring, as security monitoring provider Tyco (which trades under the well-known ADT brand in Australia and New Zealand) has a ready-made revenue of around $95m, with $65m of recurring revenue – which makes the $45 million price tag look like a bit of a bargain.

IMB’s price eased a little as the Fremantle Doctor cooled afternoon business, but was still up a handy +67% for the day.

And in third place was IperionX (ASX:IPX), blasting off on news that the company has inked a deal with US automaker Ford to to supply titanium metal components using its 100% recycled low-carbon titanium metal.

Ford Performance is ‘well known for a leading range of performance cars such as the F150 Raptor, Bronco Raptor, Mustang Mach 1 and the Shelby GT500.’ And OFC the Ford Focus. What an automobile.



Here are the least best performing ASX small cap stocks:

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