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Good morning everyone, and welcome to 11 June, 2024 – an important day in the history of the world for a variety of wild and wonderful reasons.

It was on this day in 738 that a fella called Smoke Monkey ascended to the throne of the Maya city of Copán, after those ruffians down the road in rival city Quirigua captured and murdered his predecessor, who – I’m not making this up – was known as 18 Rabbit.

On this day in 1742, Benjamin Franklin invented the Franklin stove, a metal-lined firebox that became a produced less smoke and used less wood, designed to sit in the middle of the room so that a family could huddle around it for warmth while waiting for their dinner to be reduced to ashes.

It was a technological marvel of the era, but didn’t really take off in popularity because, super-genius Benjamin over here made the fundamental mistake of design over performance, and put the smoke outlet in the bottom of the stove, instead of in the top like a sentient human who understood that heat, and smoke, tend to go up, not down.

Still, his contribution to the grand tradition of kitchen gadgets that overpromise and under-deliver was not overlooked, and Benjamin Franklin managed turned up on the committee to draft a Declaration of Independence, which was formed on this day in 1776.

And it was on this day in 1891 that the Peurto Rican flag was adopted, after more than 20 years spent fruitlessly searching for its birth parents.

Luckily for you, there’s not a 20-year search on the cards before you get your hands on all the markety goodness before the ASX opens today.

For starters, Cam Drummond has been suitably industrious and brought you a breakdown of what’s been happening in the DSO (Direct Shipping Ore) iron space for small caps around the nation, and – as always – I’ve thrown together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,296.70 (+0.10%)

Silver: US$29.64 (+1.00%)

Nickel (3mth): US$18,099/t (+0.86%)

Copper (3mth): US$9,744.98/t (-0.97%)

Zinc: US$2,703.90/t (-4.87%)

Oil (WTI): US$75.60 (+0.17%)

Oil (Brent): US$79.76 (+0.15%)

Iron 62pc Fe: US$108.47/t (-0.02%)

AUD/USD: 0.6589 (+0.12%)

Bitcoin: US$69,314.80 (-0.46%)

 

WHAT GOT YOU TALKING

Guy Le Page turns his ferocious love of all things mineral towards the bright, shiny world of gold and silver – and it’s definitely worth wrapping your head around.

 

 

FRIDAY’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
JAY Jayride Group 0.012 50% 164,953 $1,890,473
8VI 8Vi Holdings Limited 0.100 43% 15,264 $2,933,800
LNU Linius Tech Limited 0.002 33% 2,585,500 $8,320,111
MHC Manhattan Corp Ltd 0.002 33% 1,050,000 $4,405,470
NRZ Neurizer Ltd 0.008 33% 6,896,941 $11,414,584
SKN Skin Elements Ltd 0.004 33% 307,051 $1,768,458
WEL Winchester Energy 0.004 33% 3,102,000 $3,061,266
IXC Invex Ther 0.078 30% 182,550 $4,509,231
BCK Brockman Mining Ltd 0.019 27% 1,935,251 $139,203,482
1AG Alterra Limited 0.005 25% 128,945 $3,448,586
ATH Alterity Therap Ltd 0.005 25% 2,185,168 $20,980,461
SIH Sihayo Gold Limited 0.003 25% 215,575 $24,408,512
TMR Tempus Resources Ltd 0.005 25% 8,112,423 $2,923,995
YPB YPB Group Ltd 0.003 25% 333,911 $1,615,923
LTP Ltr Pharma Limited 0.790 23% 4,393,442 $45,059,512
AUC Ausgold Limited 0.039 22% 15,980,429 $73,476,519
DRE Dreadnought Resources Ltd 0.021 21% 33,102,070 $59,722,240
AEV Avenira Limited 0.006 20% 99,565 $11,745,170
BLZ Blaze Minerals Ltd 0.006 20% 51,000 $3,142,791
PRX Prodigy Gold NL 0.003 20% 40,000 $5,294,436
TX3 Trinex Minerals Ltd 0.003 20% 166,667 $4,571,631
SUM Summitminerals 0.305 20% 4,181,143 $14,497,292
SIX Sprintex Ltd 0.053 18% 436,052 $22,251,816
ASV Assetvisonco 0.020 18% 468,703 $12,339,222
CBH Coolabah Metals Limi 0.100 18% 883,403 $10,234,533
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Killing it casually on Friday was Jayride (ASX:JAY) after providing a trading update on its airport transfer marketplace business that showed that “contribution profit continued to increase on a lower passenger trips base”, which the company says is a validation of its recently updated business strategy.

LTR Pharma (ASX:LTP) had a firm grip on the winner’s list after the news from its recent primary and secondary clinical studies for its Spontan erectile dysfunction spray.

RemSense Technologies (ASX:REM) was an early leader, climbing nicely on news of a new contract with Chevron Australia to undertake virtualplant high-resolution photogrammetry scanning and image processing of Chevron’s Gorgon LNG Train 1 in northwestern Australia for a contract value of $534,195.33.

Dreadnought Resources (ASX:DRE) was up early on news that mineralogical work at its Gifford Creek Carbonatite – part of DRE’s 100% owned Mangaroon Critical Minerals project – has confirmed that the dominant niobium mineral is pyrochlore, which is a high niobium mineral (>50%) from which ~95% of global niobium is produced.

Finally, the gold developer MetalsTech (ASX:MTC) says a key condition has been satisfied for its ~$120m (~A$0.639 per share) acquisition by Trans Metals Fund, following the granting of underground mining activity permit No. 2440-3935/2023 for the Sturec Gold Mine.

 

FRIDAY’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
ADS Adslot Ltd. 0.001 -50% 3,063,663 $6,448,991
JAV Javelin Minerals Ltd 0.001 -50% 70,000 $4,352,462
GRV Greenvale Energy Ltd 0.053 -38% 2,765,469 $37,417,881
AUK Aumake Limited 0.002 -33% 5,330,000 $5,743,220
ICU Investor Centre Ltd 0.002 -33% 3,304,299 $913,534
MRQ Mrg Metals Limited 0.001 -33% 1,762,749 $3,787,678
ENT Enterprise Metals 0.003 -25% 13,693 $3,538,884
FTC Fintech Chain Ltd 0.006 -25% 937,239 $5,206,157
HCD Hydrocarbon Dynamic 0.003 -25% 955 $3,234,329
TD1 Tali Digital Limited 0.002 -25% 1,500,000 $6,590,311
LML Lincoln Minerals 0.007 -22% 27,898,706 $15,336,407
88E 88 Energy Ltd 0.002 -20% 2,533,855 $72,231,680
ADD Adavale Resource Ltd 0.004 -20% 750,008 $5,201,327
ESR Estrella Res Ltd 0.004 -20% 118,960 $8,796,859
PUR Pursuit Minerals 0.004 -20% 102,502 $14,719,857
VRC Volt Resources Ltd 0.004 -20% 1,102,799 $20,793,391
NPM Newpeak Metals 0.021 -19% 124,790 $3,214,078
FTL Firetail Resources 0.094 -18% 5,547,466 $17,124,139
ASP Aspermont Limited 0.009 -18% 739,500 $27,011,982
DTI DTI Group Ltd 0.009 -18% 5,600 $4,934,066
EVG Evion Group NL 0.019 -17% 3,720,850 $7,957,061
AAJ Aruma Resources Ltd 0.015 -17% 652,026 $3,544,047
1MC Morella Corporation 0.003 -17% 1,767,482 $18,536,398
BLU Blue Energy Limited 0.010 -17% 1,036,985 $22,211,683
BPP Babylon Pump & Power 0.005 -17% 85,000 $14,997,294
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TRADING HALTS 

Bigtincan (ASX:BTH) – pending an announcement about a proposed equity raising.

Pursuit Minerals (ASX:PUR) – pending an announcement in respect of a capital raise.

Reach Resources (ASX:RR1) – pending an announcement regarding assay results from the Wabli Creek Project

Dateline Resources (ASX:DTR) – pending an announcement in relation to the proposed capital raising.

Arizona Lithium (ASX:AZL) – pending an announcement regarding the BLM approval at the Big Sandy Project.

Whitebark Energy (ASX:WBE) – pending an announcement to ASX in relation to a capital raising.

Bluechiip (ASX:BCT) – pending an announcement to the market in connection with a capital raising.

Opthea (ASX:OPT) – pending an announcement in relation to a proposed capital raising.

Inoviq (ASX:IIQ) – pending an announcement in relation to the capital raising.

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