Good morning everyone, and welcome to 12 April, 2024 – an important date in the history of space travel, as it was on this day in 1961 that Russian cosmonaut Yuri Gagarin was blasted into space aboard the Vostok 1, becoming the first human to orbit the planet in space.
Gagarin’s flight was brief, but glorious – lasting just 1 hour 48 minutes, it cemented his place in history as the owner of the biggest cojones in the world at the time, because space travel was in its infancy, and preposterously unsafe, even by Russian standards.
And while most people know Gagarin’s name, and the fact that he was the first person to orbit the planet, not many people realise that it was a design feature of the Vostok 1 space capsule that it was never intended to carry him all the way back to Earth.
Screaming through the atmosphere on it’s journey home, the capsule ejected Gagarin at an altitude of 7,000 metres, leaving him to travel the rest of the way by parachute – a feat that in itself is mind-blowing.
Gagarin’ bravery paved the way for space exploration, including sending humans to walk on the moon, robots to wander around on Mars, and now wealthy geriatrics can take their friends way beyond the clouds, in rockets that may or may not look like massive dicks – just like their owners.
On a far less phallic note, the Stockhead team has been beavering away merrily, to bring you some sensational content this morning.
That includes… a bunch of stuff which isn’t immediately clear. BUT IT WILL BE INCREDIBLE.
But I’ve also been working super-duper-hard, to bring you all manner of numbers and words – way too much punctuation – and metaphors so mixed you’d need a scientist to untangle them, so that you can hit the ground running for your moonshot on the ASX today.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,375.38 (+1.67%)
Silver: US$28.49 (+1.97%)
Nickel (3mth): US$18,364/t (+0.80%)
Copper (3mth): US$9,374/t (-0.46%)
Oil (WTI): US$85.50 (-0.83%)
Oil (Brent): US$90.19 (-0.33%)
Iron 62pc Fe: US$108.35/t (+1.60%)
AUD/USD: 0.6541 (+0.00%)
Bitcoin: US$70,109 (-0.77%)
WHAT GOT YOU TALKING
Eddy Sunarto’s brought us the very best in Health Stock news once again… the man’s a veritable machine when it comes to covering his rounds.
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 |
|---|---|---|---|---|---|
| KTA | Krakatoa Resources | 0.019 | 138% | 53,576,719 | $3,776,858 |
| RNX | Renegade Exploration | 0.010 | 67% | 11,079,444 | $6,022,018 |
| EPM | Eclipse Metals | 0.008 | 60% | 5,268,749 | $11,048,278 |
| TKL | Traka Resources | 0.002 | 33% | 275,962 | $2,625,988 |
| CR1 | Constellation Res | 0.165 | 32% | 177,642 | $7,410,053 |
| EMP | Emperor Energy Ltd | 0.015 | 25% | 2,011,038 | $4,088,850 |
| ENT | Enterprise Metals | 0.003 | 25% | 662,493 | $1,603,942 |
| KPO | Kalina Power Limited | 0.005 | 25% | 250,131 | $8,840,512 |
| PSC | Prospect Res Ltd | 0.160 | 23% | 5,343,164 | $60,233,155 |
| PEC | Perpetual Res Ltd | 0.011 | 22% | 4,227,478 | $5,760,265 |
| SGC | Sacgasco Ltd | 0.011 | 22% | 1,378,111 | $7,017,184 |
| R3D | R3D Resources Ltd | 0.039 | 22% | 127,628 | $4,875,890 |
| BPP | Babylon Pump | 0.006 | 20% | 1,424,909 | $12,497,745 |
| VUL | Vulcan Energy | 3.410 | 19% | 1,974,670 | $492,128,803 |
| ENX | Enegex Limited | 0.025 | 19% | 79,800 | $7,747,236 |
| WWI | West Wits Mining Ltd | 0.019 | 19% | 20,305,824 | $38,886,266 |
| CYM | Cyprium Metals Ltd | 0.026 | 18% | 10,996,001 | $33,543,671 |
| NWM | Norwest Minerals | 0.052 | 18% | 2,389,027 | $17,077,258 |
| SHN | Sunshine Metals Ltd | 0.020 | 18% | 24,969,331 | $26,010,179 |
| IMI | Infinitymining | 0.070 | 17% | 34,600 | $7,125,203 |
| 1MC | Morella Corporation | 0.004 | 17% | 761,211 | $18,536,398 |
| LNR | Lanthanein Resources | 0.004 | 17% | 3,496,471 | $5,864,727 |
| TTI | Traffic Technologies | 0.007 | 17% | 1,096,667 | $5,227,924 |
| BTH | Bigtincan Hldgs Ltd | 0.180 | 16% | 7,402,681 | $95,519,229 |
| WA1 | WA1 Resources | 15.030 | 2% | 206,354 | $901,644,551 |
Yesterday’s Small Cap Winners included:
Krakatoa Resources (ASX:KTA) updated the market on its ongoing reconnaissance work on new prospects at the Turon Project. New copper-gold prospect on Turon Project defined with rock-chip assays to 1.24g/t Au, 10.45% Cu, with anomalous Mo, and Sn. Four samples returned over 1% Cu, averaging 4.83% Cu to a maximum of 10.45%
Aura Energy’s (ASX:AEE) drilling defined two new areas of extensive shallow, high-grade uranium mineralisation at Tiris. Assays including 9m at 310ppm U3O8 have defined mineralisation over a strike length of +8km at Hippolyte South. Results are expected to deliver an upgrade to current contained resource of 58.9Mlb U3O8.
Prospect Resources (ASX:PSC) continued its upward trajectory, building on Tuesday’s announcement that the company has acquired an 85% interest in the large-scale Mumbezhi copper project, located in the Zambian Copperbelt, a prized geological jurisdiction.
Cyclone Metals (ASX:CLE) jumped after announcing an upgraded Indicated and Inferred Mineral Resource of 16.6 billion tonnes containing 29.3% total Fe and 18.2% magnetic Fe, cut-off grade 12.5% magnetic Fe at Project Iron Bear. The Indicated portion of the Mineral Resource is 2.15 billion tonnes containing 28.68% total Fe and 19% magnetic Fe.
Renegade Exploration (ASX:RNX) announced that its found a very large magnetic anomaly just north of the Mongoose prospect at its flagship Cloncurry Project, which it now plans to drill in May, with the help of a $300,000 Collaborative Exploration Initiative (CEI) grant from the Queensland Government.
And Cosmos Exploration (ASX:C1X) says that high-grade rock chip assays up to 2.20% TREYO (33% NdPr) have been received from its Leatherback L1 mineralised trend, and the results significantly surpass previous high of 1.09% TREYO previously collected from the L2 trend.
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 |
|---|---|---|---|---|---|
| CNJ | Conico Ltd | 0.001 | -33% | 2,539,445 | $2,707,642 |
| AXP | AXP Energy Ltd | 0.002 | -25% | 173,469 | $11,649,361 |
| MRQ | Mrg Metals Limited | 0.002 | -25% | 5,290,440 | $5,050,237 |
| TD1 | Tali Digital Limited | 0.002 | -25% | 27,892 | $6,590,311 |
| OPN | Oppenneg | 0.004 | -20% | 4,398,881 | $5,645,898 |
| AEV | Avenira Limited | 0.007 | -19% | 6,780,712 | $18,792,272 |
| OLY | Olympio Metals Ltd | 0.050 | -18% | 276,168 | $4,285,966 |
| AU1 | The Agency Group Aus | 0.025 | -17% | 95,633 | $12,857,298 |
| CCA | Change Financial Ltd | 0.050 | -17% | 176,179 | $37,659,683 |
| ADY | Admiralty Resources. | 0.005 | -17% | 40,000 | $9,776,844 |
| MHC | Manhattan Corp Ltd | 0.003 | -17% | 200,000 | $8,810,939 |
| NTM | Nt Minerals Limited | 0.005 | -17% | 1,070,076 | $5,159,417 |
| RR1 | Reach Resources Ltd | 0.003 | -17% | 559,876 | $9,836,169 |
| TMR | Tempus Resources Ltd | 0.005 | -17% | 2,806,905 | $4,385,992 |
| LYN | Lycaonresources | 0.180 | -14% | 28,961 | $9,251,813 |
| BFC | Beston Global Ltd | 0.006 | -14% | 10,000 | $13,979,328 |
| GTR | Gti Energy Ltd | 0.006 | -14% | 379,002 | $14,349,630 |
| HXL | Hexima | 0.012 | -14% | 956,058 | $2,338,555 |
| PIL | Peppermint Inv Ltd | 0.012 | -14% | 9,541,892 | $29,629,017 |
| TMK | TMK Energy Limited | 0.003 | -14% | 828,151 | $23,645,002 |
| ZMI | Zinc of Ireland NL | 0.014 | -13% | 779 | $3,410,308 |
| SHG | Singular Health | 0.105 | -13% | 225,911 | $23,442,367 |
| IMC | Immuron Limited | 0.110 | -12% | 526,072 | $28,499,793 |
| SRR | Saramaresourcesltd | 0.022 | -12% | 235,535 | $2,010,477 |
| FG1 | Flynngold | 0.045 | -12% | 262,244 | $8,371,186 |
TRADING HALTS
Strickland Metals (ASX:STK) – pending an announcement in relation to a material acquisition.
Linius Technologies (ASX:LNU) – pending the release of an announcement about a capital raising.
Findi (ASX:FND) – pending an announcement in relation to an update to the White Label ATM Licence Application in India.
Dart Mining (ASX:DTM) – pending the release of a placement announcement.
Butn (ASX:BTN) – pending the release of an announcement about a potential capital raising.
NextDC (ASX:NXT) – pending an announcement to be made to the ASX in connection with an equity raising.