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Good morning everyone, and welcome to 16 May, 2024 – an important day in history of creepy German science nerds.

That’s because it was this day in 1571 that German astronomer Johannes Kepler figured out, mathematically, was the day he was conceived.

Kepler, for some reason known only to him and a few of his weird science buddies who may or may not have shared a very specific kink, crunched the numbers and worked out that his dad Heinrich Kepler was ploughing his wife, one Katharina Guldenmann, on this day at the oddly specific time of 4:37am.

Yes, it’s an odd thing to spend more than a frantic few seconds considering the horrific mental image of his parents making the beast with at least two backs, and I do apologise for the fact that you’re probably, even as you read this, now picturing your own parents doing the same.

You are welcome.

Anyway, it was quite a notable achievement at the time – I’m actually just assuming that because it’s a super-weird thing to have figured out, and should have been something lost to the mists of time considering the extraordinary amount of other amazing things Kepler used his mighty brain to figure out.

That includes his penning of the first three Laws of Planetary Motion, which state:

  1. The orbit of a planet is an ellipse with the Sun at one of the two foci.
  2. A line segment joining a planet and the Sun sweeps out equal areas during equal intervals of time.
  3. The square of a planet’s orbital period is proportional to the cube of the length of the semi-major axis of its orbit.

He also invented a bunch of stuff, successfully defended his mother and kept her from being executed when she was accused of being a witch and – to the delight of every Star Trek and Star Wars fan alike – single-handedly invented the genre of Science Fiction.

Kepler published a story in 1609 called Somnium (or The Dream) that, while fictional in nature, relied heavily on practical scientific theory as a device to power the narrative.

Yet here we are, celebrating him for figuring out what night his old man boned his missus.

What a time to be alive.

Luckily for you, you won’t need to do complex maths to figure out when your own parents were wrestling in the back seat of your dad’s Torana, in a rather bizarre attempt to get access to the important information of today.

That’s because Christian’s been busy trying to predict what’s going to happen now that the US has dropped its latest CPI report, and Nadine’s put pen to paper to find out how private credit has become a rapidly growing alternative asset class.

Plus, because I’m quite fond of you guys, I’ve spent the evening at my laptop furiously pasting in all the data and digits and highlights listed below to help prep you for the day ahead.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,358.00 (-0.01%)

Silver: US$28.58 (-0.14%)

Nickel (3mth): US$18,936.00/t (+0.16%)

Copper (3mth): US$10,008.21/t (-0.81%)

Zinc: US$2,935.50/t (+0.20%)

Oil (WTI): US$78.65 (+0.28%)

Oil (Brent): US$82.99 (+0.24%)

Iron 62pc Fe: US$116.65/t (-0.57%)

AUD/USD: 0.6645 (+0.05%)

Bitcoin: US$61,922.20 (+0.62%)

 

WHAT GOT YOU TALKING

Yesterday was a cracker for Resources, and these guys were well out in front for most of it.

 

 

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:

Wordpress Table Plugin

 

Yesterday’s Small Cap Winners included:

Market newbie Sun Silver (ASX:SS1) hit the ground sprinting on Wednesday morning, arriving on the ASX with a monstrous bang and climbing +125% at the close. The company owns the Maverick Springs silver project in Elko County, Nevada, which boasts an inferred mineral resource of 292Moz AgEq at 72.4g/t Ag.

Castillo Copper (ASX:CCZ) was also trading higher again this morning, building on the week’s early success – and cracking the $0.01 per share bracket for the first time since August last year – after the company delivered an investor prezzo in London.

The Calmer Co International (ASX:CCO) was up sharply after revealing that Aussies are going bananas for the smooth, natural sedation of kava.

CCO announced that sales of its products through Coles supermarkets are booming, exceeding $150k over the initial launch period and running at over $30k per week – that’s more than 4600 units per week – in week 8 after launch while online sales are also moving sharply, and currently exceed $11,000 per day.

Australian Gold and Copper (ASX:AGC) was bursting up today on… that’s right, you guessed it… silver. The company has announced it’s drilled its way into some thick, super high grade metal at its Achilles target, which is part of the gold and polymetallic project dubbed Cargelligo, located in the Cobar mineral basin of NSW. The high grade silver action includes a highlight of 5m at 16.9g/t gold, 1,473g/t silver and 15% lead+zinc.

Diverse minerals explorer, Cohiba Minerals (ASX:CHK), is back on the rise again after  announcing yesterday that it’s all set to change its name and ticker – to Altair Minerals (ASX:ALR), which will take effect from Friday. The company has actually had some other news of reasonable note in the past week, announcing a strategic review of the Olympic Domain project, which the company says “adjoins one of the biggest IOCG discoveries”, and where it has “confirmed strong prospectivity for IOCG mineralisation, which warrants further investigation”.

Emerging copper-gold explorer/developer, Golden Deeps (ASX:GED), jumped after announcing that drilling is set to commence at the company’s 100%-owned Havilah Project to test a series of priority porphyry/volcanics hosted copper-gold targets. The company notes that an initial 6-10 reverse circulation and diamond holes (up to 2,500m) will be drilled to test large copper-gold sulphide targets associated with strong sub-surface Induced Polarisation (IP) geophysical anomalies.

And.. Argenica Therapeutics (ASX:AGN) says its drug ARG-007 significantly reduced damage to brain cells in a ferret animal model of mild to moderate traumatic brain injury (modTBI), a model that closely resembles the gross anatomy of the human brain. The observed therapeutic effects of ARG-007 in the modTBI model included a significant reduction in the accumulation of key proteins, and a significant reduction in the level of inflammation markers GFAP and Iba1.

 

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:

Wordpress Table Plugin

 

TRADING HALTS 

Loyal Lithium (ASX:LLI) – pending an announcement regarding a proposed capital raise.

Impact Minerals (ASX:IPT) – pending the release of an announcement in relation to a capital raising.

Power Minerals (ASX:PNN) – pending an announcement in relation to an agreement for the funding and development of the Rincon Lithium Project.