Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone, and welcome to 13 June, 2024 – an important day in the history of the world for a variety of moderately amazing reasons.

It was on this day in 1373 that an important treaty, known as the Treaty of Perpetual Alliance, was signed between England and Portugal – and, amazingly, it remains in place to this day, some 651 years later, and gave rise to vitally important things, like Nando’s.

On this day in 1575, under the Treaty of Endime, King Ferdinand of Austria agreed to pay Ottoman Sultan Suleiman the Magnificent 30,000 gold Forints for western Hungary, which Suleiman apparently spent on a fancy new hat.

asx today (RR1) — I mean, seriously… look at the size of that hat! Gotta be worth at least 30,000 gold Forints… maybe even more. Pic via Getty Images.

And on this day in 1789, Mrs Alexander Hamilton served ice cream for dessert to George Washington, who died 10 years later of an ice cream headache.

Luckily for you, you won’t need to die horribly in order to get what you need before the market opens today.

Out writers have been hard at work putting together all the very best that they can muster from around the ASX this morning, 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$2,313.70 (-0.09%)

Silver: US$29.41 (+0.48%)

Nickel (3mth): US$17,564/t (-1.51%)

Copper (3mth): US$9,874/t (+3.22%)

Zinc: US$2,709/t (-2.85%)

Oil (WTI): US$78.53 (+0.81%)

Oil (Brent): US$82.43 (+0.62%)

Iron 62pc Fe: US$106.27/t (-1.04%)

AUD/USD: 0.6618 (+0.19%)

Bitcoin: US$67,327.30 (+0.02%)

WHAT GOT YOU TALKING

Experts reckon we’re rapidly approaching the ‘peak gold’ moment for mining production – here’s a look at what that means, and what the future could hold for ASX-listed goldies.

Experts are sounding the alarm about reaching ‘peak #gold‘, and it could be coming sooner than we thought, writes Gregor Stronach. | #ASX @GOLDCOUNCIL https://t.co/dP6LyDWMBh

— Stockhead (@StockheadAU) June 12, 2024

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
8VI	8Vi Holdings Limited	0.200	67%	79,233	$5,029,371
NRZ	Neurizer Ltd	0.011	57%	15,293,653	$13,317,015
TMG	Trigg Minerals Ltd	0.009	50%	75,942,569	$2,592,784
ADS	Adslot Ltd.	0.002	50%	423,530	$3,224,496
RR1	Reach Resources Ltd	0.017	42%	37,178,492	$10,493,176
EDE	Eden Inv Ltd	0.002	33%	353,125	$5,517,407
TIG	Tigers Realm Coal	0.004	33%	776,988	$39,200,107
VPR	Voltgroupltd	0.002	33%	81,500	$16,074,312
ION	Iondrive Limited	0.013	30%	1,072,060	$6,048,566
VBS	Vectus Biosystems	0.110	29%	178,238	$4,522,894
BGE	Bridgesaaslimited	0.023	28%	178,222	$2,149,147
JPR	Jupiter Energy	0.025	25%	121,282	$25,473,044
IVX	Invion Ltd	0.005	25%	113,407	$25,698,129
MCT	Metalicity Limited	0.003	25%	12,900,920	$8,971,705
MTL	Mantle Minerals Ltd	0.003	25%	1,477,573	$12,394,892
LSR	Lodestar Minerals	0.002	25%	4,882,823	$3,237,436
KNG	Kingsland Minerals	0.205	21%	160,494	$8,929,965
AYT	Austin Metals Ltd	0.006	20%	1,000,000	$6,620,957
BPP	Babylon Pump & Power	0.006	20%	583,419	$12,497,745
EEL	Enrg Elements Ltd	0.003	20%	2,218,262	$2,524,913
FGH	Foresta Group	0.012	20%	423,296	$23,553,791
YPB	YPB Group Ltd	0.003	20%	333,333	$2,019,904
VN8	Vonex Limited.	0.019	19%	127,560	$5,789,258
DXN	DXN Limited	0.071	18%	1,742,381	$11,093,361
ARV	Artemis Resources	0.014	17%	2,611,559	$21,170,354

Yesterday’s Small Cap Winners included:

Reach Resources (ASX:RR1) jumped on news that it has bitten into high-grade niobium and REEs during the latest program of rock chip sampling at Wabli Creek, Gascoyne, Western Australia. The company says that it has recorded samples up to 17.65% Nb2O5, 0.15% Y2O3, 10.81% Ta2O5, 31.39% TiO2, 0.37% TREO, chipped directly off in-situ bedrock at the site, and stack up well against previous alluvial sampling of 32% Nb2O5 and 2.57% TREO reported in December last year.

One Click Group (ASX:1CG) made headway on the heels of an investor presentation about its One Click Life financial services platform, revealing that the company has seen user growth of 83% to 120,000 users in CY23, which the company expects to continue with increased marketing spend in 2024.

BirdDog Technology (ASX:BDT) lifted on low volume after announcing a selective buyback of 31.6 million shares, which is the totality of Home Made Robots’ interests in BirdDog and represents approximately 16.3% of BirdDog’s issued share capital.

And some big price-boosting news from Inoviq (ASX:IIQ) with an announcement that the company’s Neuro-Net technology can isolate brain-derived exosomes in Alzheimer’s Disease. I’ll let the company explain why it’s big, because they know what they’re talking about…

“Exosomes provide a ‘fingerprint’ of the health or disease status of the parent cell and can cross the ‘blood-brain barrier’, making them promising candidates as diagnostics for neurological diseases. The ability to weaponize exosomes and target them to cells is the end game for therapy and cure.”

And Ora Gold (ASX:OAU) rose despite incurring an after-tax operating loss for the half-year ended March 31 2024 – of $1,529,041. This is up from its half-year accounts this time a year ago, which was a reported loss of $876,084.

Nevertheless, the company has had needle-moving news lately, with its binding agreement with the dominant gold miner in the Murchison region – Westgold Resources (ASX:WGX).

That’s an alliance that aims to advance the development of Ora’s Crown Prince deposit into production, and comes with a strategic placement capital raise of $6m.

An updated Mineral Resource Estimate at Crown Prince is due for completion in the September quarter.

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
1TT	Thrive Tribe Tech	0.004	-60%	54,123,508	$3,766,215
PNT	Panthermetalsltd	0.030	-33%	361,312	$3,922,477
AUK	Aumake Limited	0.002	-33%	3,000,000	$5,743,220
RIL	Redivium Limited	0.002	-33%	327,003	$8,192,564
AU1	The Agency Group Aus	0.021	-30%	122,205	$12,857,298
NUC	Nuchev Limited	0.110	-27%	3,850	$13,504,041
AVE	Avecho Biotech Ltd	0.003	-25%	13,000	$12,677,188
ECT	Env Clean Tech Ltd.	0.003	-25%	91,023	$12,687,242
GCM	Green Critical Min	0.003	-25%	257,750	$4,546,340
OAR	OAR Resources Ltd	0.002	-25%	1,405,000	$6,444,200
TD1	Tali Digital Limited	0.002	-25%	710,000	$6,590,311
VML	Vital Metals Limited	0.003	-25%	133,243	$23,580,268
ARC	ARC Funds Limited	0.091	-24%	16,679	$4,695,104
BEL	Bentley Capital Ltd	0.022	-24%	10,480	$2,207,710
MKL	Mighty Kingdom Ltd	0.004	-20%	6,248,021	$12,487,999
RIE	Riedel Resources Ltd	0.002	-20%	15,845,510	$5,559,589
ROG	Red Sky Energy.	0.004	-20%	3,882,847	$27,111,136
PLC	Premier1 Lithium Ltd	0.021	-19%	734,000	$4,538,926
HMD	Heramed Limited	0.018	-18%	2,061,910	$8,651,496
BTH	Bigtincan Hldgs Ltd	0.108	-17%	2,027,353	$80,115,367
CBH	Coolabah Metals Limi	0.083	-17%	253,723	$12,040,628
SCN	Scorpion Minerals	0.015	-17%	2,401,001	$7,370,211

TRADING HALTS

Pearl Gull Iron (ASX:PLG) – pending an announcement regarding a proposed acquisition.

Opthea (ASX:OPT) – pending news of a proposed equity raising.

MRG Metals (ASX:MRQ) – pending the release of an announcement to the market in relation to a Joint Venture Agreement and Funding Arrangement on its Heavy Mineral Sands Projects.

Brazilian Rare Earths (ASX:BRE) – pending an announcement regarding the results of a capital raising.