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Rise and Shine: Everything you need to know before the ASX opens
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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.
TRADING HALTS
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”.
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?
Gravitas out AW1 west.
American West’s gravity anomalies are a signpost to Storm copper riches https://t.co/8ILxlABRNb #ad #ASX #ASX200 $AW1 @AmericanWest_ pic.twitter.com/Fc08rsnAuw
— Stockhead (@StockheadAU) June 13, 2023
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.
WEDNESDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks on Wednesday:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| G88 | Golden Mile Res Ltd | 0.057 | 138% | 149,712,814 | $6,711,436 |
| IPX | Iperionx Limited | 1.605 | 69% | 5,182,573 | $182,314,649 |
| EMU | EMU NL | 0.0025 | 67% | 21,557,149 | $2,175,032 |
| IMB | Intelligent Monitor | 0.2 | 67% | 1,959,361 | $15,684,035 |
| ADS | Adslot Ltd. | 0.004 | 33% | 2,689,201 | $6,613,045 |
| DDT | DataDot Technology | 0.004 | 33% | 3,101,450 | $3,632,858 |
| LHM | Land Homes Grp Ltd | 0.008 | 33% | 310 | $6,296,336 |
| PYR | Payright Limited | 0.004 | 33% | 49,186 | $2,642,656 |
| FGL | Frugl Group Limited | 0.0105 | 31% | 3,851,489 | $7,648,496 |
| ADD | Adavale Resource Ltd | 0.034 | 31% | 12,807,011 | $13,508,118 |
| REC | Rechargemetals | 0.26 | 30% | 1,777,137 | $18,959,000 |
| DOU | Douugh Limited | 0.009 | 29% | 3,186,732 | $6,887,289 |
| ARN | Aldoro Resources | 0.14 | 27% | 115,418 | $14,786,612 |
| TZL | TZ Limited | 0.025 | 25% | 602,678 | $5,054,162 |
| DCX | Discovex Res Ltd | 0.0025 | 25% | 2,949,853 | $6,605,136 |
| NZS | New Zealand Coastal | 0.0025 | 25% | 509,770 | $3,308,020 |
| SFG | Seafarms Group Ltd | 0.005 | 25% | 8,188,917 | $19,346,397 |
| APS | Allup Silica Ltd | 0.062 | 24% | 154,451 | $1,923,855 |
| IMI | Infinitymining | 0.155 | 24% | 91,628 | $9,559,790 |
| KED | Keypath Education | 0.365 | 24% | 111,112 | $63,121,483 |
| IND | Industrialminerals | 0.58 | 23% | 326,883 | $14,029,500 |
| DRX | Diatreme Resources | 0.027 | 23% | 851,383 | $82,054,701 |
| MGX | Mount Gibson Iron | 0.475 | 22% | 5,454,086 | $473,623,540 |
| WNR | Wingara Ag Ltd | 0.028 | 22% | 193,503 | $4,037,478 |
| C6C | Copper Mountain | 2.55 | 21% | 1,176,014 | $35,209,957 |
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.
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 | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AHI | Advanced Health | 0.1975 | -51% | 8,313,782 | $78,881,588 |
| INP | Incentiapay Ltd | 0.009 | -40% | 453,724 | $18,975,954 |
| CEL | Challenger Gold Ltd | 0.12 | -25% | 4,814,170 | $177,063,740 |
| OKJ | Oakajee Corp Ltd | 0.015 | -25% | 230,000 | $1,828,921 |
| PRMDG | Deferred Settlement | 0.015 | -25% | 320,544 | $2,424,609 |
| PRS | Prospech Limited | 0.038 | -24% | 61,869,794 | $10,913,887 |
| AUH | Austchina Holdings | 0.004 | -20% | 229,412 | $10,389,418 |
| KNM | Kneomedia Limited | 0.004 | -20% | 2,765,334 | $7,523,927 |
| YPB | YPB Group Ltd | 0.002 | -20% | 650,999 | $1,548,122 |
| MBK | Metal Bank Ltd | 0.021 | -19% | 100,000 | $7,188,624 |
| LV1 | Live Verdure Ltd | 0.11 | -19% | 58,200 | $11,442,473 |
| SRI | Sipa Resources Ltd | 0.018 | -18% | 1,352,432 | $5,019,479 |
| OEQ | Orion Equities | 0.07 | -18% | 260,000 | $1,330,184 |
| 8IH | 8I Holdings Ltd | 0.03 | -17% | 2,000 | $12,864,816 |
| BTE | Botalaenergyltd | 0.1 | -17% | 5,006 | $6,398,000 |
| 1ST | 1St Group Ltd | 0.005 | -17% | 1,169,501 | $8,501,947 |
| MRD | Mount Ridley Mines | 0.0025 | -17% | 6,950,000 | $23,354,649 |
| ME1 | Melodiol Glb Health | 0.008 | -16% | 52,096,651 | $24,389,819 |
| AFW | Applyflow Limited | 0.011 | -15% | 209,981 | $1,922,448 |
| EMP | Emperor Energy Ltd | 0.011 | -15% | 20,000 | $3,495,212 |
| AJQ | Armour Energy Ltd | 0.003 | -14% | 4,601,459 | $17,224,697 |
| ATH | Alterity Therap Ltd | 0.006 | -14% | 400,418 | $17,079,283 |
| CHK | Cohiba Min Ltd | 0.003 | -14% | 616,928 | $7,396,355 |
| ETR | Entyr Limited | 0.012 | -14% | 12,726,526 | $24,273,985 |
| LGM | Legacy Minerals | 0.12 | -14% | 66,042 | $7,535,846 |
