Good morning everyone, and welcome to 16 January, 2024 – a big day on the Russian calendar as it was on this day in 1547 that a 17-year-old named Ivan declared himself the 1st Tsar of Moscow, and set about ruining everyone’s day for quite some time.
Ivan IV Vasilyevich – you probably know him as Ivan the Terrible – went on a conquering spree that put just about everything that came before him to shame.
Between 1547 and his death in 1584, Ivan’s push to control as much of the world as possible saw the Russian empire expanding, on average, 130 square kilometres a day.
Anyhoo… Old Ivan was on a proper expansionist romp, until he simultaneously ran into resistance from Lithuania, Poland and those nefarious Swedes, the latter of whom were still quite some time away from perfecting their devastating combination of ’70s-era pop songs and motorcars that could both very well be described as “boxy, but safe”.
Ivan’s iron rule over that enormous empire came to a crashing halt in 1584, when – in the midst of a game of chess with the impobrobably-named Bogdan Belsky – he stroked out and died on the spot.
I don’t know what happened to Belsky, but I’ll bet you pennies to pierogi that he ran as far and as fast as his turnip-fuelled legs could carry him, for fear of catching the blame for ending the rule of Ivan the Terrible during an argument over whether en passant is even a real thing.
On a brighter note, we’ve all been busy in the Stockhead trenches, to bring you such pearls of wisdom as Eddy Sunaro’s latest chat with the brokers at Argonaut.
Plus, down below, there’s all the data and digits and letters and numbers and punctuation you could ask for, to help piece together the puzzle of what’s in store for us all today.
Enjoy…
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,032.70 (+0.12%)
Silver: US$23.03 (+0.02%)
Nickel (3mth): US$15,819.80/t (-2.02%)
Copper (3mth): US$8,439.32/t (-0.26%)
Oil (WTI): US$72.33 (+0.11%)
Oil (Brent): US$77.71 (+0.12%)
Iron 62pc Fe: US$140.52/t (+0.25%)
AUD/USD: 0.6699 (+0.23%)
Bitcoin: US$45,749.20 (-0.81%)
WHAT GOT YOU TALKING
It’s the start of the first reporting season for 2024, and it’s the Ground Breakers that are in the news. Here’s the almighty Josh Chiat’s take on those headlines.
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 |
|---|---|---|---|---|---|
| YPB | YPB Group Ltd | 0.002 | 100% | 885,993 | $790,461 |
| T92 | Terra Uranium Ltd | 0.2 | 48% | 2,771,177 | $7,693,620 |
| CXU | Cauldron Energy Ltd | 0.051 | 38% | 37,712,812 | $41,915,046 |
| MOM | Moab Minerals Ltd | 0.008 | 33% | 12,254,627 | $4,271,781 |
| YOJ | Yojee Limited | 0.004 | 33% | 2,720,676 | $3,917,956 |
| TZL | TZ Limited | 0.033 | 32% | 488,510 | $6,418,953 |
| ERA | Energy Resources | 0.058 | 32% | 3,908,685 | $974,525,164 |
| EEL | Enrg Elements Ltd | 0.013 | 30% | 33,478,510 | $10,099,650 |
| GTR | Gti Energy Ltd | 0.013 | 30% | 27,297,490 | $20,499,471 |
| WCN | White Cliff Minerals | 0.013 | 30% | 40,541,569 | $12,768,593 |
| CXM | Centrex Limited | 0.084 | 29% | 1,592,483 | $44,295,176 |
| VAL | Valor Resources Ltd | 0.0045 | 29% | 71,597,008 | $14,606,672 |
| KNB | Koonenberrygold | 0.055 | 28% | 36,395 | $5,149,211 |
| 1AE | Auroraenergymetals | 0.165 | 27% | 3,205,170 | $20,696,901 |
| PEN | Peninsula Energy Ltd | 0.1325 | 26% | 46,767,645 | $132,353,061 |
| ASV | Assetvisonco | 0.01 | 25% | 116,345 | $5,806,693 |
| GTI | Gratifii | 0.01 | 25% | 500,001 | $10,874,239 |
| INP | Incentiapay Ltd | 0.005 | 25% | 1,000,000 | $5,110,859 |
| IVX | Invion Ltd | 0.005 | 25% | 356,086 | $25,686,529 |
| MDI | Middle Island Res | 0.018 | 20% | 568,369 | $3,264,810 |
| AKM | Aspire Mining Ltd | 0.18 | 20% | 707,618 | $76,145,548 |
| OAR | OAR Resources Ltd | 0.003 | 20% | 3,000,000 | $6,609,319 |
| TMR | Tempus Resources Ltd | 0.006 | 20% | 2,358,833 | $1,999,884 |
| LPE | Locality Planning | 0.043 | 19% | 494,977 | $6,487,359 |
| BSN | Basinenergylimited | 0.185 | 19% | 1,702,284 | $9,653,401 |
Yesterday’s Small Cap Winners included:
Infini Resources (ASX:I88) was the name on everyone’s lips at the end of the day, with the market newbie making a stunning debut after listing this morning and going gangbusters pretty much all day.
The company represents a portfolio of eight projects, covering uranium and lithium in a mix of brownfield and greenfield assets in Canada and Western Australia, including the Portland Creek Uranium Project, the Paterson Lake Lithium Project and the Tinco Uranium Project.
The company recently IPO’d for $5.5 million at 20 cents/share, but has hit the ground running at an exceptional clip to finish the day up more than 100% – well out in front of the rest of the field.
Uranium was also the buzzword driving the second-place getter for Monday… Terra Uranium (ASX:T92) has also hit some solid gains, off the back of news that it has staked two 100% owned uranium claims covering 8,118ha along the Cable Bay Sheer Zone in the prolific Athabasca Basin, Canada.
The new claims, which are held 100% by Terra Uranium, are situated on the west side of Pasfield Lake, between the company’s existing Pasfield and Parker Projects, in an area that Terra firmly believes to be highly prospective for uranium mineralisation.
And market minnow TZ (ASX:TZL) has stalked into third place on Monday, after delivering a quarterly report to the market that outlines key points of the Company’s fiscal 2024 Q2 performance, including net cash from operating activities for this quarter was a positive inflow of $775,000.
That result includes TZ hitting its margin target of 50% in overall performance, and the company progressing well towards its $3.6 million annual revenue target, thanks to recurring revenue levels of $277,000 per month.
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 |
|---|---|---|---|---|---|
| LNU | Linius Tech Limited | 0.002 | -33% | 7,674,820 | $14,817,722 |
| KTA | Krakatoa Resources | 0.019 | -30% | 8,185,662 | $12,746,895 |
| TAR | Taruga Minerals | 0.008 | -27% | 10,191,550 | $7,766,295 |
| BP8 | Bph Global Ltd | 0.0015 | -25% | 2,491,564 | $3,671,126 |
| LVH | Livehire Limited | 0.044 | -24% | 342,438 | $21,136,018 |
| RLG | Roolife Group Ltd | 0.007 | -22% | 1,050,000 | $6,503,023 |
| BCA | Black Canyon Limited | 0.105 | -22% | 40,475 | $9,469,097 |
| OSM | Osmond Resources | 0.07 | -22% | 46,875 | $4,220,644 |
| CPO | Culpeo Minerals | 0.079 | -21% | 16,242,491 | $13,429,073 |
| NIS | Nickelsearch | 0.055 | -20% | 8,510,527 | $14,734,429 |
| PKO | Peako Limited | 0.004 | -20% | 4,500,000 | $2,635,424 |
| FRB | Firebird Metals | 0.11 | -19% | 90,993 | $19,218,789 |
| IBX | Imagion Biosys Ltd | 0.25 | -18% | 162,425 | $9,957,198 |
| CZN | Corazon Ltd | 0.014 | -18% | 605,550 | $10,465,164 |
| DCL | Domacom Limited | 0.015 | -17% | 836,899 | $7,839,032 |
| KNM | Kneomedia Limited | 0.0025 | -17% | 836,061 | $4,599,814 |
| TMX | Terrain Minerals | 0.005 | -17% | 166,000 | $8,120,567 |
| OLL | Openlearning | 0.016 | -16% | 890,106 | $5,089,512 |
| CY5 | Cygnus Metals Ltd | 0.099 | -16% | 1,235,132 | $34,258,199 |
| TNC | True North Copper | 0.081 | -16% | 1,257,406 | $31,744,779 |
| MRZ | Mont Royal Resources | 0.11 | -15% | 38,424 | $11,053,873 |
| AYT | Austin Metals Ltd | 0.006 | -14% | 166,755 | $8,588,123 |
| IBG | Ironbark Zinc Ltd | 0.006 | -14% | 3,460,971 | $11,157,108 |
| TX3 | Trinex Minerals Ltd | 0.006 | -14% | 1,589,455 | $10,409,173 |
| VRC | Volt Resources Ltd | 0.006 | -14% | 342,474 | $28,910,747 |
TRADING HALTS
Lykos Metals (ASX:LYK) – pending an announcement regarding a capital raising.
Cosmo Metals (ASX:CMO) – pending an announcement regarding a proposed project acquisition and capital raising.
Australian Pacific Coal (ASX:AQC) – pending an announcement in connection with funding for the Dartbrook Project.
EQ Resources (ASX:EQR) – pending the release of information relating to a material acquisition with European tungsten producer Saloro S.L.U and a $25 million placement to Oaktree by EQR at 9c per share.