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Good morning everyone, and welcome to 05 June, 2024 – an important day in the history of the world for a variety of reasons.

It was on this day in 1661 that a spotty young herbert named Isaac Newton was admitted to Trinity College in Cambridge, shortly before he was hit in the head by a wayward piece of fruit, which led him to invent gravity and stop everything on the planet from just bobbing around aimlessly in the air.

On this day in 1799, naturists Alexander von Humboldt and Aimé Bonpland set sail in the Pizarro from Spain, beginning a five-year, fully nude odyssey through Latin America.

Sorry… that’s meant to say naturalists. My bad… let me try that again.

On this day in 1799, naturalists Alexander von Humboldt and Aimé Bonpland set sail in the Pizarro from Spain, beginning a five-year expedition to Latin America, returning with the blueprints for how to make millions of dollars a year by busking with pan flutes and guitars.

And on this day in 1829, HMS Pickle captured the armed slave ship Voladora off the coast of Cuba, which led indirectly to the rise of Communism on the island, and directly to the common English hard-luck term “to find oneself in a bit of a pickle”.

Luckily for you, you won’t won’t have to rampage through Latin America in the nude for five years to get the best of the pre-market info you need to get the week started off right… unless you really want to, in which case, I am totally up for that as well.

But to help you this morning, Christian Edwards has been on the phone with little Aussie investment bank Barrenjoeys, to find out what’s blowing the wind up their trouser legs this week and Nadine McGrath’s filed this piece on the Tech Winners for May shortly before buggering off on holiday, the lucky sod.

Meanwhile, I’ve put together lots of fiddly little things below, so you can don’t need to go ferreting all over the internet for your ASX info this morning.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,349.61 (-0.12%)

Silver: US$30.65 (-0.40%)

Nickel (3mth): US$19,661/t (+1.81%)

Copper (3mth): US$10,088/t (+0.71%)

Zinc: US$2,928.30/t (+0.48%)

Oil (WTI): US$73.31 (-1.22%)

Oil (Brent): US$77.65 (-0.94%)

Iron 62pc Fe: US$111.10/t (-6.74%)

AUD/USD: 0.6662 (-0.41%)

Bitcoin: US$68,893.80 (+0.15%)

 

WHAT GOT YOU TALKING

If you’re into rhyme-based investing strategies, James Whelan’s got some bad news (and loads of scorn) for you right here:

 

 

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:

Little known med-tech player Opticomm (ASX:OPC) surged after announcing the launch of a “ground-breaking new microscopic medical imaging device” called InVue, which the company says has been designed “to enable precision surgery by putting real-time digital pathology access directly into the hands of surgeons”.

Condor Energy (ASX:CND) was moving well after providing an update on exploration progress at its Technical Evaluation Agreement (TEA) off the coast of Peru.

Condor is reporting that there is evidence of multiple petroleum systems at two large oil prospects (Raya and Bonito) and regional mapping shows that the primary source rock interval, the Oligocene/Miocene aged Heath Formation, is mature for oil generation over much of the TEA area.

Perpetual Resources (ASX:PEC) is flexing hard again. The reason? It’s rare earths this time. The company has announced the commencement of its exploration program at the Raptor REE project, which is situated in the prolific Caldeira REE complex in Minas Gerais, Brazil.

Specifically, this very initial stage of the operation represents the due diligence exploration phase. Raptor covers a strategic area of 380 hectares, and has some nearology chops as reason for the company to be excited. It’s located close to Meteoric Resources’ (ASX:MEI) Tier 1 Caldeira ionic clay REE project, which boasts a JORC Mineral Resource Estimate of 545 million tonnes at 2,561ppm TREO comprising 24.1% MREO.

G11 Resources (ASX:G11) surged after announcing strong new assay and down hole geophysics results from a recent reverse circulation (RC) drilling program at Wilandra Central. That’s a key target area within the 30km-long Wilandra Copper Corridor of the company’s wholly owned Koonenberry project.

Genetic Signatures (ASX: GSS), a company known for its molecular diagnostic solutions for infectious diseases, has just received clearance from the US FDA for its EasyScreen Gastrointestinal Parasite Detection Kit and GS1 automated workflow. This is a significant announcement in the world of clinical diagnostics, especially for expanded testing for gastrointestinal (GI) parasites.

The approval means that healthcare professionals now have a powerful new tool to accurately and quickly diagnose these kinds of infections.

 

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 

Stealth Global (ASX:SGI) – pending an announcement regarding a proposed acquisition.

Firetail Resources (ASX:FTL) – pending an announcement regarding a proposed acquisition and capital raising.

Equinox Resources (ASX:EQN) – pending an announcement regarding material exploration results.

Star Minerals (ASX:SMS) – pending an announcement regarding a capital raising.

LTR Pharma (ASX:LTP) – pending an analysis of data and an announcement in relation to the initial clinical trial results of its pivotal study of Spontan Nasal Spray treatment of Erectile Dysfunction.

Many Peaks Minerals (ASX:MPK) –  pending an announcement in relation to a proposed capital raising.