So it turns out that fella Vlad is 'not really a morning person', for some reason. Pic via Getty Images.
Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to 17 June, 2024 – an important day in the history of the world for a super scary, creepy reason.
On this day in 1462, Vlad III (aka Dracula), tried to assassinate Sultan Mehmed II in Wallachia – which was a region of southern Romania, and not to be confused with Wallacia, which is a suburb of Sydney and former home of El Cabalo Blanco, the site of the finest dancing Andalusian stallion show that 1980s Australia could have expected for the $22 it cost for a family of four to get in, even though that was quite a bit of money back then.
But I digress… because Vlad III (aka Dracula) was really keen to kill Mehmed II with his own hands, and his plot to assassinate him was meticulously planned – but fell apart, when Vlad II (aka, etc) discovered that he wasn’t all that great with a sword.
Vlad II (etc) escaped to Hungary, where he was inspired by a local stakeholder (sorry) to give a new method of murdering a try – and the legend of Vlad the Impaler (aka Vlad II (etc)) was born.
Luckily for you, you won’t need to die at the hands of a bloodthirsty monster to get what you need before the market opens today.
Eddy Sunarto’s got a great explainer on the P/CF ratio, including what it is and why I should probably already have known that, 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$2,317.72 (+0.56%)
Silver: US$29.07 (+0.18%)
Nickel (3mth): US$17,536/t (+0.16%)
Copper (3mth): US$9,774/t (+0.43%)
Zinc: US$2,808/t (-1.15%)
Oil (WTI): US$78.27 (-0.44%)
Oil (Brent): US$82.55 (-0.15%)
Iron 62pc Fe: US$107.12/t (+0.65%)
AUD/USD: 0.6612 (-0.19%)
Bitcoin: US$67,023.50 (+0.43%)
WHAT GOT YOU TALKING
I think it’s pretty clear that Rob Badman reckons you should read this thing about gold that he wrote… or the bear gets it.
The price of #gold is clinging to crucial support levels as we close out a topsy-turvy week for precious metal commodities. https://t.co/SNyg2cFYro
— Stockhead (@StockheadAU) June 14, 2024
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 |
|---|---|---|---|---|---|
| TD1 | Tali Digital Limited | 0.002 | 100% | 270,162 | $3,295,156 |
| BCT | Bluechiip Limited | 0.005 | 67% | 2,877,901 | $3,302,300 |
| G50 | G50Corp Ltd | 0.163 | 35% | 280,299 | $13,114,800 |
| ENT | Enterprise Metals | 0.004 | 33% | 247,952 | $2,654,163 |
| RAU | Resouro Strategic | 0.645 | 29% | 713,912 | $0 |
| CCO | The Calmer Co Int | 0.009 | 29% | 7,429,718 | $9,669,130 |
| SUM | Summitminerals | 0.370 | 28% | 6,552,143 | $16,487,117 |
| OAU | Ora Gold Limited | 0.005 | 25% | 7,116,524 | $28,564,639 |
| TMR | Tempus Resources Ltd | 0.005 | 25% | 7,114,494 | $2,923,995 |
| TX3 | Trinex Minerals Ltd | 0.003 | 25% | 1,700,000 | $3,657,305 |
| NUC | Nuchev Limited | 0.135 | 23% | 14,500 | $9,902,963 |
| RCR | Rincon | 0.080 | 21% | 8,982,455 | $19,028,175 |
| AMD | Arrow Minerals | 0.003 | 20% | 8,671,143 | $26,348,413 |
| EVR | Ev Resources Ltd | 0.006 | 20% | 3,976,388 | $6,606,357 |
| POS | Poseidon Nick Ltd | 0.006 | 20% | 1,993,886 | $18,567,674 |
| PRX | Prodigy Gold NL | 0.003 | 20% | 1,097,663 | $5,294,436 |
| PGO | Pacgold | 0.130 | 18% | 395,331 | $9,255,998 |
| NSB | Neuroscientific | 0.040 | 18% | 288,277 | $4,916,566 |
| AQX | Alice Queen Ltd | 0.007 | 17% | 1,746,639 | $4,145,940 |
| CE1 | Calima Energy | 0.007 | 17% | 20,396,198 | $3,798,485 |
| DOU | Douugh Limited | 0.004 | 17% | 240,280 | $3,246,207 |
| WML | Woomera Mining Ltd | 0.004 | 17% | 689,599 | $3,654,417 |
Enterprise Metals (ASX:ENT) was up sharply this morning, with the company in the middle of an entitlement offer to raise approximately $1.42 million (before costs), at a price of $0.004 per new share, and a $0.006 per share option expiring in two years, for eligible shareholders. Any remainders will form part of a top-up offer.
Resouro Strategic Metals (ASX:RAU) made its debut on the ASX, zipping out to a 30% gain before closing the day around +3% higher.
Tempus Resources (ASX:TMR) completed the acquisition of the Prescott copper and base metals project, ~100km from American West Metals’ (ASX:AW1) Storm project (17.5 Mt @ 1.2% copper and 3.4g/t silver) in Canada. Investors/shareholders rated this news, to the tune of 25% intraday, and counting. A large airborne geophysical survey is reportedly already underway at the Prescott op, which is scheduled to wrap up in mid-July. And this will be followed by a detailed geochemical mapping program, notes the company.
And Pearl Gull Iron (ASX:PLG) was soaring after announcing it’s farming into an an early stage clay rare earths project in Chile, having made strategic acquisition of Huemul Holdings. This will see the company earn up to an 80% interest in NeoRe SpA’s La Marigen project, which is located in a highly prospective area for ionic adsorption clay REE in Chile. The project covers five tenements across a vast area – some 228km2 – and is situated in an underexplored mineralisation belt.
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 |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 3,888,890 | $11,649,361 |
| AUK | Aumake Limited | 0.002 | -33% | 133,042 | $5,743,220 |
| JAY | Jayride Group | 0.012 | -29% | 168,695 | $4,017,255 |
| AVE | Avecho Biotech Ltd | 0.003 | -25% | 145,000 | $12,677,188 |
| PUR | Pursuit Minerals | 0.003 | -25% | 3,176,831 | $11,775,886 |
| VML | Vital Metals Limited | 0.003 | -25% | 764,902 | $23,580,268 |
| VPR | Voltgroupltd | 0.002 | -25% | 198,199 | $21,432,416 |
| NWF | Newfield Resources | 0.105 | -25% | 34,991 | $131,698,408 |
| HHR | Hartshead Resources | 0.007 | -22% | 4,889,424 | $25,278,139 |
| MSI | Multistack Internat. | 0.007 | -22% | 2,200 | $1,226,735 |
| WBE | Whitebark Energy | 0.011 | -21% | 1,263,278 | $2,688,005 |
| CRR | Critical Resources | 0.008 | -20% | 819,682 | $17,803,503 |
| MCT | Metalicity Limited | 0.002 | -20% | 4,091,567 | $11,214,632 |
| SIH | Sihayo Gold Limited | 0.002 | -20% | 6,666 | $30,510,640 |
| HXG | Hexagon Energy | 0.014 | -18% | 570,450 | $8,719,570 |
| 1MC | Morella Corporation | 0.003 | -17% | 3,182,455 | $18,536,398 |
| BXN | Bioxyne Ltd | 0.005 | -17% | 8,693,300 | $12,279,872 |
| ESR | Estrella Res Ltd | 0.005 | -17% | 720,890 | $10,556,231 |
| HCT | Holista CollTech Ltd | 0.005 | -17% | 115,549 | $1,672,800 |
| LPD | Lepidico Ltd | 0.003 | -17% | 982,801 | $25,767,358 |
| TTI | Traffic Technologies | 0.005 | -17% | 129,400 | $5,837,311 |
| BCC | Beam Communications | 0.130 | -16% | 22,743 | $13,395,398 |
| OPT | Opthea Limited | 0.375 | -16% | 4,496,391 | $296,098,821 |
| APL | Associate Global | 0.105 | -16% | 142,168 | $7,061,553 |
| AX8 | Accelerate Resources | 0.042 | -16% | 395,506 | $31,037,697 |
TRADING HALTS
NeuRizer (ASX:NRZ) – pending an announcement regarding an ASX Price Query.
PPK Group (ASX:PPK) – pending an announcement regarding an impending decision of the Supreme Court of New South Wales in the matter of Flynn & Anor v PPK Group Limited & Anor.
Emmerson Resources (ASX:ERM) – pending an announcement in relation to a material update on the timing of our joint venture partner’s mill construction at Tennant Creek.
Corazon Mining (ASX:CZN)– pending an announcement regarding a capital raising.
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