Good morning everyone, and welcome to 11 April, 2024 – an important date in the history of military happenings for a variety of nations around the globe.
It was on this day in 1241 that the Battle of Mohi took place, which saw Mongol leaders Batu and Subedei defeat Hungarian King Béla IV in a major battle during the Mongolian invasion of Hungary, which ended with about 30,000 Hungarians dead… which was, at the time, pretty much all of them.
On this day in 1841 1814, Napolean Bonaparte was exiled to Elba, after he attempted to conquer the entire world and – *ahem* – came up a little short.
And on this day in 1898, Spain declared war on the United States, which didn’t go well for Spain, as it was on this day in 1899 that the Treaty of Paris was ratified, and Spain ceded Puerto Rico to ‘Murica.
On an far more peaceful note, I am delighted to inform you that the Stockhead team has been beavering away tirelessly, to bring you some excellent content to peruse before the market gets going today.
That includes … stuff. I’m not sure. Something about a rare earths company that’s massively undervalued, probably. And Badman squeezed his eyes shut really tight and made some lithium news. Little battler that he is.
Plus, I have once again dedicated countless nanoseconds of my fleeting existence to writing down a series of numbers and facts, just so you can look smart when the market opens later this morning.
You’re welcome.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,356.72 (+0.16%)
Silver: US$28.24 (+0.28%)
Nickel (3mth): US$17,778.00/t (+0.51%)
Copper (3mth): US$9,295.00/t (+0.15%)
Oil (WTI): US$85.30 (-0.02%)
Oil (Brent): US$89.45 (-0.16%)
Iron 62pc Fe: US$104.33/t (+1.58%)
AUD/USD: 0.6620 (-0.11%)
Bitcoin: US$69,332.00 (+0.31%)
WHAT GOT YOU TALKING
Clarity Pharma is making in-roads into the fight against cancer, and Eddy Sunarto’s had a solid dig into how it all works. Hint: it’s copper!
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 | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| FRS | Forrestaniaresources | 0.029 | 107% | 39,354,726 | $2,265,000 |
| PSC | Prospect Res Ltd | 0.135 | 55% | 6,314,637 | $40,309,881 |
| CNJ | Conico Ltd | 0.002 | 50% | 2,005,517 | $1,805,095 |
| MKL | Mighty Kingdom Ltd | 0.003 | 50% | 25,933,626 | $1,322,533 |
| TD1 | Tali Digital Limited | 0.002 | 50% | 10,781,096 | $3,295,156 |
| TMR | Tempus Resources Ltd | 0.006 | 50% | 1,855,682 | $2,923,995 |
| WTM | Waratah Minerals Ltd | 0.105 | 40% | 1,877,845 | $11,202,337 |
| IEC | Intra Energy Corp | 0.002 | 33% | 500,000 | $2,536,172 |
| NES | Nelson Resources. | 0.004 | 33% | 500,000 | $1,840,783 |
| GTG | Genetic Technologies | 0.180 | 33% | 253,193 | $15,581,328 |
| NWM | Norwest Minerals | 0.042 | 31% | 3,429,130 | $12,419,824 |
| ABE | Ausbondexchange | 0.028 | 27% | 28,299 | $2,478,699 |
| PHL | Propell Holdings Ltd | 0.011 | 22% | 9,629 | $2,505,043 |
| BBT | Bluebet Holdings Ltd | 0.305 | 22% | 687,187 | $50,276,586 |
| SPN | Sparc Tech Ltd | 0.305 | 22% | 315,330 | $21,411,419 |
| CPN | Caspin Resources | 0.088 | 21% | 739,320 | $6,881,394 |
| AYT | Austin Metals Ltd | 0.006 | 20% | 2,546,014 | $6,425,957 |
| CAV | Carnavale Resources | 0.006 | 20% | 2,065,857 | $17,117,759 |
| CHK | Cohiba Min Ltd | 0.003 | 20% | 5,956,264 | $8,970,610 |
| OSL | Oncosil Medical | 0.006 | 20% | 1,885,000 | $11,277,706 |
| VRC | Volt Resources Ltd | 0.006 | 20% | 847,698 | $20,650,533 |
| M4M | Macro Metals Limited | 0.013 | 18% | 57,835,367 | $35,552,734 |
| SRL | Sunrise | 0.870 | 18% | 125,290 | $66,768,349 |
| SBM | St Barbara Limited | 0.270 | 17% | 14,708,494 | $188,133,187 |
| EMH | European Metals Hldg | 0.310 | 17% | 51,381 | $32,753,496 |
| WA1 | WA1 Resources | 15.030 | 2% | 206,354 | $901,644,551 |
Yesterday’s Small Cap Winners included:
Out in front Thursday was Forrestania Resources (ASX:FRS), which revealed that it’s been poring over old exploration and digging date, and had boots on the ground on-site, in its search for gold at the Ada Ann and Bonnie Vale North prospects, just north of Coolgardie, WA.
The highlight of the announcement was a rock chip grab sample that contained 49g/t Au, found in previously unrecorded, historic drill spoils at Ada Ann, to go with other grab samples of 15.7g/t and 13.5g/t.
Other gold finds pushing gains include Waratah Minerals (ASX:WTM), which reported maiden drilling at Spur, just 5km west from big gun Newmont Corporation’s (ASX:NEM) flashy Cadia Valley project (>50Moz Au, 9.5Mt Cu 1). And Waratah’s Spur is also hosted in “equivalent Late Ordovician-aged geology” within the Molong Belt of mineralisation.
Prospect Resources (ASX:PSC) has executed an agreement that will see Orpheus Minerals (ASX:ORP) exiting from its exploration projects in Zambia, and pay $1.0 million in fully paid PSC shares as partial reimbursement of prior exploration expenditure, along with three options to acquire ordinary PSC shares for every four shares issued, at 15 cents per share, expiring three years after issue.
Kula Gold’s (ASX:KGD) ultrafine soil sampling program has discovered the new Boomerang gold anomaly at its Marvel Loch project near Southern Cross. Drilling approvals are in place and a rig is ready to begin testing in the coming weeks.
And Wildcat Resources (ASX:WC8) said drilling beneath the Leia deposit has discovered a thick lithium mineralised repetition named the “Luke Pegmatite”, with best intercepts of: 41.0m @ 1.0% Li2O from 267m. Meanwhile diamond drilling at Leia continues to return impressive new results including: 68.0m @ 1.4% Li2O from 337m.
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 | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 9,297,454 | $11,649,361 |
| MHC | Manhattan Corp Ltd | 0.002 | -33% | 10,112,532 | $8,810,939 |
| WEL | Winchester Energy | 0.002 | -33% | 500,000 | $3,061,266 |
| SOM | SomnoMed Limited | 0.210 | -30% | 813,211 | $32,354,969 |
| 1MC | Morella Corporation | 0.003 | -25% | 3,737,624 | $24,715,198 |
| RIL | Redivium Limited | 0.003 | -25% | 100,000 | $10,923,419 |
| RMX | Red Mount Min Ltd | 0.002 | -25% | 17,243,525 | $5,347,152 |
| TKL | Traka Resources | 0.002 | -25% | 40,000 | $3,501,317 |
| NVU | Nanoveu Limited | 0.018 | -24% | 1,823,873 | $10,250,999 |
| NMR | Native Mineral Res | 0.024 | -20% | 100 | $6,295,515 |
| SRR | Saramaresourcesltd | 0.024 | -20% | 725,382 | $2,412,573 |
| ECT | Env Clean Tech Ltd. | 0.004 | -20% | 324,946 | $15,859,052 |
| LNU | Linius Tech Limited | 0.002 | -20% | 18,777,000 | $12,991,852 |
| MCT | Metalicity Limited | 0.002 | -20% | 290,000 | $11,212,634 |
| NYR | Nyrada Inc. | 0.105 | -19% | 5,500,842 | $23,323,131 |
| VRX | VRX Silica Ltd | 0.073 | -19% | 1,217,560 | $52,504,069 |
| FZR | Fitzroy River Corp | 0.120 | -17% | 1,474 | $15,653,366 |
| MCL | Mighty Craft Ltd | 0.015 | -17% | 92,460 | $6,572,379 |
| BLZ | Blaze Minerals Ltd | 0.005 | -17% | 1,366,051 | $3,771,349 |
| MOM | Moab Minerals Ltd | 0.005 | -17% | 1,425,800 | $4,271,781 |
| TAS | Tasman Resources Ltd | 0.005 | -17% | 101,000 | $4,276,016 |
| VML | Vital Metals Limited | 0.005 | -17% | 2,209,070 | $35,370,402 |
| YAR | Yari Minerals Ltd | 0.005 | -17% | 25,000 | $2,894,147 |
| ENX | Enegex Limited | 0.021 | -16% | 7,000 | $9,222,900 |
TRADING HALTS
Forbidden Foods (ASX:FFF) – pending an announcement by the company in relation to a proposed capital raising.
Argenica Therapeutics (ASX:AGN) – pending an announcement by the company regarding a capital raising.
Tigers Realm Coal (ASX:TIG) – pending an announcement regarding the judgement made by the Federal Court of Australia on 9 April 2024 in relation to the declaratory relief proceedings commenced by the company. The Federal Court has dismissed the company’s application.
Aguia Resources (ASX:AGR) – pending an anticipated announcement by the Company regarding a proposed capital raising.