As soon as no one was looking, Princess Sharon hocked a massive gobby on the cake, ensuring every person at her birthday party went home with The Royal Herpes. Pic via Getty Images.
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Good morning everyone, and welcome to 23 May, 2024 – an important day in history for a variety of reasons.
It was on this day in 1059 that French King Henri I crowned his son King Philip I of France, who was better known as King Philip the Amorous, because of all the rooting.
In 1430, on this day, Joan of Arc was captured at Compiegne and sold to the English for 10,000 quid, after a last minute messenger arrived at court to announce that French King Charles VII had outbid at the last minute on Ye Olde eBaye.
And on this day in 1576, King Frederick of Denmark gave the island of Hveen to astronomer and nobleman Tycho Brahe, who promptly built the Uraniborg Observatory, which will never not make me laugh.
Honestly… Uraniborg. It sounds like a medical supplement for robots with mechanical kidney stones.
Happily, you won’t need to be taking industrial quantities of Uraniborg in order to benefit from the hard work of our writers this morning, as they’ve been scribbling away furiously to bring you all the best info you need to get your day started.
Earlybird Eddy Sunarto has found out how to prevent Alzheimer’s, and Earlybird Eddy Sunarto has found out how to prevent Alzheimer’s,. I should probably read it.
And I’ve managed to ignore the fact that there’s a fella repairing the awning outside the cafe across the road who looks distressingly like Old Man Marley from Home Alone, just long enough to pull together all the bits and bobs and data and digits below, so you look smart in front of your mates when the market opens this morning.
Gold: US$2,413.15 (-0.36%)
Silver: US$31.69 (-0.91%)
Nickel (3mth): US$21,272/t (+0.04%)
Copper (3mth): US$10,7762.40/t (-0.78%)
Zinc: US$3,058.72/t (+0.66%)
Oil (WTI): US$78.03 (-0.23%)
Oil (Brent): US$82.27 (-0.34%)
Iron 62pc Fe: US$117.24/t (+0.19%)
AUD/USD: 0.6668 (+0.02%)
Bitcoin: US$69,711.90 (-0.61%)
Guy le Page took a stroll down (recent) memory lane, to revisit his thoughts on goldies and play a spot of “where are they now?”. It is very much worth a read.
Guy Le Page: “With #gold on a tear, I thought it was time to dig into the vault to see what I had turned up in the last year or so that may be worth revisiting.” | #ASX https://t.co/v9MxegITUO
— Stockhead (@StockheadAU) May 21, 2024
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 |
|---|---|---|---|---|---|
| CHR | Charger Metals | 0.125 | 76% | 6,386,111 | $5,496,838 |
| GCR | Golden Cross | 0.003 | 50% | 1,313,016 | $2,194,512 |
| ME1 | Melodiol Glb Health | 0.003 | 50% | 1,513,657 | $1,426,974 |
| AML | Aeon Metals Ltd. | 0.010 | 43% | 4,924,615 | $7,674,804 |
| PIL | Peppermint Inv Ltd | 0.011 | 38% | 9,945,336 | $16,970,867 |
| MTH | Mithril Resources | 0.270 | 35% | 8,523,563 | $16,915,244 |
| ERL | Empire Resources | 0.004 | 33% | 100,000 | $4,451,740 |
| NPM | Newpeak Metals | 0.027 | 29% | 2,415,313 | $2,595,986 |
| CAZ | Cazaly Resources | 0.023 | 28% | 5,474,680 | $8,183,454 |
| LTP | Ltr Pharma Limited | 0.495 | 27% | 861,131 | $27,458,140 |
| AGC | AGC Ltd | 0.490 | 26% | 6,209,712 | $86,666,667 |
| KNB | Koonenberrygold | 0.021 | 24% | 4,068,346 | $4,892,387 |
| M2M | Mtmalcolmminesnl | 0.021 | 24% | 131,006 | $2,974,586 |
| KRM | Kingsrose Mining Ltd | 0.058 | 23% | 23,687,420 | $35,368,746 |
| GIB | Gibb River Diamonds | 0.045 | 22% | 4,965,167 | $7,825,849 |
| G50 | G50Corp Ltd | 0.180 | 20% | 139,899 | $16,393,500 |
| RIE | Riedel Resources Ltd | 0.003 | 20% | 10,017 | $5,559,589 |
| RML | Resolution Minerals | 0.003 | 20% | 40,000 | $4,025,055 |
| APL | Associate Global | 0.125 | 19% | 30,000 | $5,931,705 |
| ADO | Anteotech Ltd | 0.026 | 18% | 18,200,997 | $54,214,322 |
| FIN | FIN Resources Ltd | 0.013 | 18% | 2,598,630 | $7,141,956 |
| NMR | Native Mineral Res | 0.034 | 17% | 761,759 | $6,085,665 |
| MDR | Medadvisor Limited | 0.375 | 17% | 3,030,237 | $176,105,052 |
| IR1 | Irismetals | 0.380 | 17% | 599,990 | $42,098,869 |
| AHK | Ark Mines Limited | 0.140 | 17% | 40,000 | $6,653,570 |
Charger Metals (ASX:CHR), was up on news that the company has defined new lithium and niobium soil anomalies at the Lake Johnston project in WA, which the company is running as a JV with mining giant Rio Tinto (ASX:RIO). The Lake Johnston project is a JV with massive Aussie mining gun Rio Tinto (ASX:RIO).
Gibb River Diamonds (ASX:GIB) was also up, moving more than +50% on Tuesday’s news that the company has secured mining leases M04/475, M04/476 and M04/477 which are the three key licences at the heart of developing the Ellendale Diamond Project, 140km east of Derby in the West Kimberley region of Western Australia.
Silver explorer Mithril Resources (ASX:MTH) was reinstated to the market, following a lengthy absence from trading as the company worked towards meeting ASX requirements required to lift a trading suspension. Mithril recently held an AGM to ratify its recent financing efforts, which raised ~A$5m, and a share consolidation, and hit the market floor running on Wednesday to jump as high as +50% in brisk trade.
Aeon Metals (ASX:AML) rose on some land access news that certainly will encourage it, and its shareholders. The traditional owners of the Walford Creek region, the Waanyi PBC and Waanyi People have agreed terms for a new Cultural Heritage Protection Agreement (CHPA). And what that allows for is Aeon to recommence activities at Walford Creek, with pen being put to paper on relevant documents and signed by the necessary people, imminent. Business is business – this comes after a year of negotiations, the results of which will now enable Aeon to drill into the Fish River Fault and its surrounds and carry out “ongoing project development”
The Canadian-focused lithium hunter, Fin Resources (ASX:FIN), jumped after some fresh drilling news. Specifically, eight diamond drill holes have now been successfully completed at its White Bear prospect within the broader Cancet West project in James Bay, Quebec. They’re holes. Tick. And they’ve been successfully drilled. Double tick. But more than this, we know, too, that the drilling intersected the White Bear pegmatite, which has been confirmed as spodumene bearing, based on geological observations and LIBS data. Five holes have interesected visual megacrystic spodumene up to 15cm in length.
And… MedAdvisor (ASX:MDR) jumped after providing guidance for the full year ending this June. Based on the strong start to Q4 FY24 and anticipated activity levels over the remainder of this quarter, the company expects to deliver positive revenue, EBITDA and NPAT for the full year. Revenue is set to come in between $120m-$123m, an all time record (versus $98m in the pcp) EBITDA is set to come in between $6.8m -$7.6m (versus loss of -$3m in the pcp) NPAT is set to come in between $0.5m -$0.8m, first ever profit for the firm, (versus loss of -$11.3m in the pcp).
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 |
|---|---|---|---|---|---|
| MRD | Mount Ridley Mines | 0.001 | -50% | 21,249,995 | $15,569,766 |
| PKO | Peako Limited | 0.003 | -40% | 102,000 | $2,635,424 |
| SHP | South Harz Potash | 0.012 | -37% | 9,258,294 | $15,716,514 |
| CGR | Cgnresourceslimited | 0.205 | -34% | 4,512,719 | $28,141,239 |
| AYM | Australia United Min | 0.002 | -33% | 308,654 | $5,527,732 |
| CNJ | Conico Ltd | 0.001 | -33% | 265,255 | $2,707,643 |
| IEC | Intra Energy Corp | 0.002 | -33% | 7,784,021 | $5,072,345 |
| INP | Incentiapay Ltd | 0.004 | -33% | 5,194 | $7,463,580 |
| BFC | Beston Global Ltd | 0.003 | -25% | 150,250 | $7,988,188 |
| CTN | Catalina Resources | 0.003 | -25% | 270,456 | $4,953,948 |
| SNS | Sensen Networks Ltd | 0.020 | -20% | 168,305 | $19,393,359 |
| EXL | Elixinol Wellness | 0.004 | -20% | 246,356 | $6,505,370 |
| H2G | Greenhy2 Limited | 0.008 | -20% | 951,852 | $5,141,842 |
| HLX | Helix Resources | 0.004 | -20% | 40,733,228 | $15,487,635 |
| MHC | Manhattan Corp Ltd | 0.002 | -20% | 2,339,982 | $7,342,449 |
| MTL | Mantle Minerals Ltd | 0.002 | -20% | 2,330,000 | $15,493,615 |
| DGR | DGR Global Ltd | 0.013 | -19% | 219,293 | $16,699,096 |
| HAL | Halo Technologies | 0.073 | -18% | 15,500 | $11,448,639 |
| NC6 | Nanollose Limited | 0.024 | -17% | 66,126 | $4,988,185 |
| EOF | Ecofibre Limited | 0.058 | -17% | 16,007 | $26,521,173 |
| AKG | Academies Aus Grp | 0.150 | -17% | 25,000 | $23,870,604 |
| 1MC | Morella Corporation | 0.003 | -17% | 2,121,712 | $18,536,398 |
| AYT | Austin Metals Ltd | 0.005 | -17% | 15,000 | $7,945,148 |
| BUY | Bounty Oil & Gas NL | 0.005 | -17% | 112,543 | $8,991,006 |
| PRX | Prodigy Gold NL | 0.003 | -17% | 27,776 | $6,041,322 |
Auking Mining (ASX:AKN) – pending an announcement regarding a capital raising.
Top Shelf International Holdings (ASX:TSI) – pending an announcement regarding a capital raising.
Stellar Resources (ASX:SRZ) – pending an announcement regarding a capital raising.
Paterson Resources (ASX:PSL) – pending an announcement in relation to a binding Share Sale Agreement.
Murray Cod Australia (ASX:MCA) – pending an announcement regarding a placement and an accelerated non-renounceable entitlement offer.
NT Minerals (ASX:NTM) – pending an announcement regarding entry into a right to mine agreement.
AIC Mines (ASX:A1M) – pending the launch of an institutional placement.
AUB Group (ASX:AUB) – pending a proposed capital raising comprising an institutional placement.
Mining
Mining
Mining
