"Dr Lowe? It's Alan... since you're not busy any more, I could probably swing a couple of tickets to Bali if you want to join me on a beach for a holiday..." Pic via Getty Images.
Rise and Shine: Everything you need to know before the ASX opens
News
share
It’s Friday morning, and there’s a sense of weariness – some might even call it ‘glum, with a topnote of wistful whimsy’ – as the ASX sets itself for its first-ever day of post-Lowe trading.
After yesterday’s droopy performance (thanks a bunch, all you BHP divvy-grabbing folks) local investors will no doubt be wanting to put together a far happier day to end the week, and prove – emphatically, if need be – that despite being almost utterly beholden to whatever Wall Street’s doing and however quickly China is deflating – we’re big enough and ugly enough to lose loads of money on our own terms.
Obviously, that’s not quite the point of why we’re all here… and to help you do your best to make sure you’re not on the wrong side of a questionable transaction today, Stockhead’s writing team have been beavering away like rabid little maniacs to get you up to speed.
Eddy Sunarto has dipped into his stash to bring you all the news from the Funnest market sector there is with his Weed Week wrap-up, Jess Cummins has had a chat with the junior saddled up with a couple of billionaires, and Christian’s probably written about 1,000 things – they’re hard to miss, and all just great.
As always, there’s data and digits to digest this morning, which you’ll find lovingly collated below.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,920.48 (+0.22%)
Silver: US$22.98 (-0.87%)
Nickel (3mth): US$20,450/t (-0.69%)
Copper (3mth): US$8,305/t (-0.79%)
Oil (WTI): US$87.60 (+0.07%)
Oil (Brent): US$90.60 (+0.00%)
Iron 62pc Fe: US$117.40/t (-1.32%)
AUD/USD: 0.6380 (-0.08%)
Bitcoin: US$26,189 (+1.81%)
WHAT GOT YOU TALKING
Stockhead’s very own steely-gazed expert Barry FitzGerald sat down with Tim Mason, chief executive officer of Eagle Mountain, to talk about how the Oracle Ridge copper project is growing to meet US demand.
Barry Fitzgerald chats with Tim Mason, chief executive officer of Eagle Mountain, about how the Oracle Ridge copper project is growing to meet US demand. https://t.co/jPSc7C7fof #ad #ASX @eagle_mining
— Stockhead (@StockheadAU) September 7, 2023
YESTERDAY’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 |
|---|---|---|---|---|---|
| ODE | Odessa Minerals Ltd | 0.011 | 47% | 73,598,531 | $7,103,339 |
| CXU | Cauldron Energy Ltd | 0.009 | 29% | 19,251,975 | $6,660,981 |
| VMM | Viridismining | 0.895 | 27% | 461,506 | $22,031,719 |
| LPM | Lithium Plus | 0.3525 | 26% | 11,498,176 | $18,476,696 |
| EX1 | Exopharm Limited | 0.01 | 25% | 757,944 | $3,515,385 |
| IPB | IPB Petroleum Ltd | 0.01 | 25% | 9,115,703 | $4,520,980 |
| QFE | Quickfee Limited | 0.063 | 24% | 49,979 | $13,960,749 |
| PNT | Panthermetalsltd | 0.08 | 23% | 244,039 | $3,974,750 |
| MRI | Myrewardsinternation | 0.011 | 22% | 1,029,748 | $3,839,704 |
| JCS | Jcurve Solutions | 0.04 | 21% | 200,287 | $10,835,333 |
| NAE | New Age Exploration | 0.006 | 20% | 9,445,657 | $7,179,495 |
| RML | Resolution Minerals | 0.006 | 20% | 202,500 | $6,286,459 |
| ELS | Elsight Ltd | 0.37 | 19% | 1,084,941 | $46,599,070 |
| MHI | Merchant House | 0.038 | 19% | 38,500 | $3,016,528 |
| CCA | Change Financial Ltd | 0.064 | 19% | 573,204 | $33,893,715 |
| AJQ | Armour Energy Ltd | 0.135 | 17% | 91,201 | $11,858,813 |
| CRB | Carbine Resources | 0.007 | 17% | 2,050,000 | $3,310,427 |
| LRL | Labyrinth Resources | 0.007 | 17% | 330,999 | $7,125,262 |
| DAL | Dalaroometalsltd | 0.05 | 16% | 250,274 | $2,230,625 |
| SUH | Southern Hem Min | 0.022 | 16% | 420,700 | $10,010,225 |
| RDN | Raiden Resources Ltd | 0.0405 | 16% | 114,799,475 | $80,127,594 |
| BCT | Bluechiip Limited | 0.03 | 15% | 2,852,116 | $18,555,432 |
| EMP | Emperor Energy Ltd | 0.015 | 15% | 19,070 | $3,495,212 |
| MGL | Magontec Limited | 0.46 | 15% | 55,740 | $31,324,217 |
| AL8 | Alderan Resource Ltd | 0.008 | 14% | 250,000 | $4,316,863 |
Yesterday’s Small Caps standouts were:
Lithium Plus Minerals (ASX:LPM) was out in front of the pack all day on news that the first completed diamond hole (BYLDD019) at the Lei Prospect has intersected 127m of strongly mineralised pegmatite from 609m (with a true width of ~60m), with assays pending.
LPM says the find represents “one of the largest mineralised intersections ever recorded from the Bynoe pegmatite field”, putting the Lei pegmatite in company with Core Lithium’s (ASX:CXO) previously reported world-class 119m intercept at the BP33 deposit.
Killi Resources (ASX:KLI) was up for the day after collecting high-grade copper hits up to 7.2% Cu and gold 12.4g/t Au at surface from rock chip samples from the Baloo prospect within the company’s 100% owned Mt Rawdon West project, Queensland.
Killi says 12 of the 26 rock chip samples collected have returned assays greater than 1% Cu, including 7.2% Cu and 27.2g/t Ag, 4.2% Cu, 1.16g/t Au, 75.8g/t Ag, 1% Pb and 0.3 % Zn, and 4.5% Cu, 0.09g/t Au and 83.7g/t Ag.
Elsight (ASX:ELS) went soaring on news the US Federal Aviation Administration (FAA) has granted the Halo enabled Airobotics Optimus-1EX system a (really important) Type Certificate, that will allow flight operations over people and infrastructure without the need for case-by-case waivers.
Elsight and its project partner Airobotics have been working on getting the Optimus-1EX drone certified for four years, the company says, leaving Elsight CEO Yoav Amitai delighted at the result.
Here’s Christian again, all over what that news means for drone stocks fans. We see you.
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 |
|---|---|---|---|---|---|
| SRR | Saramaresourcesltd | 0.034 | -43% | 259,108 | $3,375,192 |
| T92 | Terrauraniumlimited | 0.099 | -34% | 1,836,211 | $7,740,774 |
| CPT | Cipherpoint Limited | 0.005 | -29% | 729,388 | $8,114,692 |
| CLE | Cyclone Metals | 0.0015 | -25% | 3,634,500 | $20,529,010 |
| CI1 | Credit Intelligence | 0.145 | -19% | 82,304 | $15,029,849 |
| CL8 | Carly Holdings Ltd | 0.017 | -19% | 600,342 | $5,635,778 |
| RNX | Renegade Exploration | 0.009 | -18% | 200,000 | $10,484,362 |
| CHW | Chilwaminerals | 0.15 | -17% | 27,700 | $8,257,500 |
| NOU | Noumi Limited | 0.15 | -17% | 221,659 | $49,879,677 |
| AVM | Advance Metals Ltd | 0.005 | -17% | 929,039 | $3,531,352 |
| HLX | Helix Resources | 0.005 | -17% | 560,136 | $13,938,875 |
| LNU | Linius Tech Limited | 0.0025 | -17% | 16,228 | $12,689,372 |
| PRX | Prodigy Gold NL | 0.005 | -17% | 93,137 | $10,506,647 |
| LYK | Lykosmetalslimited | 0.066 | -16% | 49,992 | $4,929,600 |
| AHI | Advanced Health | 0.205 | -16% | 524,831 | $53,337,472 |
| ZNC | Zenith Minerals Ltd | 0.105 | -16% | 105,169 | $44,047,610 |
| CTQ | Careteq Limited | 0.021 | -16% | 1,526,717 | $5,553,072 |
| NMR | Native Mineral Res | 0.04 | -15% | 1,549,331 | $8,224,778 |
| PGO | Pacgold | 0.205 | -15% | 145,176 | $16,080,136 |
| G50 | Gold50Limited | 0.15 | -14% | 14,735 | $18,725,125 |
| 1MC | Morella Corporation | 0.006 | -14% | 1,907,171 | $42,970,590 |
| CNJ | Conico Ltd | 0.006 | -14% | 484,953 | $10,990,665 |
| EEL | Enrg Elements Ltd | 0.006 | -14% | 3,869,846 | $7,069,755 |
| IEC | Intra Energy Corp | 0.006 | -14% | 2,404,282 | $11,345,471 |
| KGL | KGL Resources Ltd | 0.12 | -14% | 1,772 | $79,420,861 |
TRADING HALTS
BPH Energy (ASX:BPH) – Pending a material announcement to be made by the company for the purpose of considering, planning and executing a capital raising.
Revasum (ASX:RVS) – Pending the outcome of discussions in relation to funding.
Audinate (ASX:AD8) – Pending a proposed capital raise.
Eroad (ASX:ERD) – Pending a proposed capital raise.
