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

Good morning everyone, and welcome to 19 June, 2024 – an important day in the history of things and other stuff.

It was on this day in 1205 that Pope Gregory III fired Adolf I from his position of Archbishop of Cologne, busting him all the way down to Under Secretary of Deodorant for being a twerp.

In 1770, the man with the most Swedish-sounding name ever, Emmanuel Swedenborg (yes, really…) finished his work titled True Christian Religion, in which he explained to anyone who bothered to read it that the highly-vaunted and eagerly awaited Second Coming of Christ had, in fact, already occurred. Swedenborg swore he saw Jesus down the skatepark but he ran off before Swedenborg could challenge him to an ollie comp.

And it was on this day in 1917 that the British Royal Family decided that their surname – Saxe-Coburg-Gotha – was “a bit too German”, especially considering England was involved in a bit of a skirmish called World War I, and decided to change their name to something more British.

After deciding the best suggestions – Wozzlepop and Pip-pip-cheerio – were a bit silly, they decided instead for something more conservative, naming the royal family Windsor, after a particular knot best used for neckties and other assorted “tying people up” games.

Luckily for you, you won’t have to be tied up and tickled by elderly members of the Royal Family in order to get the information you need before the market opens today.

Christian Edwards has toiled for literal hours to bring you his analysis of RBA Governor Michele Bullock’s scrunched up face, 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$2,320.55 (+0.16%)

Silver: US$29.40 (-0.40%)

Nickel (3mth): US$17,198/t (-0.30%)

Copper (3mth): US$9,476/t (-1.79%)

Zinc: US$2,756/t (+0.90%)

Oil (WTI): US$80.16 (-0.57%)

Oil (Brent): US$84.11 (-0.36%)

Iron 62pc Fe: US$107.05/t (-0.26%)

AUD/USD: 0.6620 (+0.03%)

Bitcoin: US$65,733.10 (-1.15%)

WHAT GOT YOU TALKING

Justin Kelly sat down with leading international behaviour and deception expert Scott Taylor, CEO of Praesidium Risk and Resilience. It’s a bangin’ read. Honest.

Justin Kelly interviews Scott Taylor, a leading international behaviour and deception expert and CEO of Praesidium Risk and Resilience. | #podcast https://t.co/mgl7ryrjzM

— Stockhead (@StockheadAU) June 18, 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
ME1	Melodiol Glb Health	0.040	33%	1,364,667	$1,093,493
AKM	Aspire Mining Ltd	0.390	30%	1,265,898	$152,291,096
CCZ	Castillo Copper Ltd	0.007	27%	1,766,458	$7,147,279
WBE	Whitebark Energy	0.014	27%	244,033	$2,112,004
88E	88 Energy Ltd	0.003	25%	1,056,371	$57,785,344
RML	Resolution Minerals	0.003	25%	5,000,000	$3,220,044
RCR	Rincon	0.090	22%	13,428,707	$21,334,620
PL3	Patagonia Lithium	0.115	21%	2,041,521	$4,667,208
JRV	Jervois Global Ltd	0.018	20%	13,669,739	$40,541,457
ION	Iondrive Limited	0.012	20%	1,367,432	$6,048,566
KRR	King River Resources	0.012	20%	19,396,561	$15,535,249
SI6	SI6 Metals Limited	0.003	20%	2,995,833	$5,922,149
CYP	Cynata Therapeutics	0.310	19%	109,709	$46,704,264
IR1	Irismetals	0.330	18%	132,602	$37,389,795
TNY	Tinybeans Group Ltd	0.073	18%	1,627,986	$8,890,808
NVQ	Noviqtech Limited	0.041	17%	75,072	$5,205,584
AS2	Askarimetalslimited	0.055	17%	286,972	$4,591,472
BFC	Beston Global Ltd	0.004	17%	3,921,877	$5,991,141
VML	Vital Metals Limited	0.004	17%	1,035,537	$17,685,201
CDX	Cardiex Limited	0.067	16%	705,125	$17,062,125
PPY	Papyrus Australia	0.015	15%	536,583	$6,405,004
SRI	Sipa Resources Ltd	0.015	15%	109,224	$2,966,056
MM1	Midasmineralsltd	0.069	15%	13,677	$6,199,781
BIO	Biome Australia Ltd	0.425	15%	2,176,954	$78,795,014

Lithium brines explorer Patagonia (ASX:PL3) was boosted on Tuesday morning by reports of “exceptional” results from well 2 at the Formentera project in Argentina.

“These results are exceptionally encouraging – high porosity, with lithium values concentrating at depth,” PL3 exec chair Phil Thomas said. “I have never seen core porosity at such high levels of 47% at 280m depth and lithium values at that porosity of 572ppm.

“Pumping from well 2 during the 48 hours didn’t reduce the brine level in well 1, 300m away, so we are confident we have a very large aquifer open at depth.”

Independent aerospace composite business Quickstep Holdings (ASX:QHL) was also flying high, after delivering an update to the market on how things are progressing with its role in producing components for the F-35 fighter jet, as it approaches the midpoint of its initial volume buildout.

And privacy-focused photo sharing app Tinybeans (ASX:TNY) has secured a major US strategic partnership with leading digital parenting platform Babylist. The partnership is expected to deliver brand awareness, subscriber growth and sales revenue for Tinybeans in the US, the company says.

Cardiex (ASX:CDX) jumped +15% after reporting a sales update. The company said its sales have been strong, pointing towards potential record revenues for FY24. Significant contributions have come from its pharmaceutical sales division and markets serving research and clinicians. Projected revenues for FY24 are now expected to exceed $12 million, a substantial increase from $6.01 million in FY23. Sales to the research market in May marked a six-month high, and with June historically being its strongest month in this sector.

The critical metals (REEs, niobium, copper, gold) junior,Rincon Resources (ASX:RCR), announced the identification of three “high-priority” iron oxide copper-gold targets following the results of a geological survey at the Pokali Prospect, within its West Arunta Project in Western Australia. The project is prospective for IOCG style mineralisation as well as “orogenic” gold mineralisation.

And Dreadnought Resources (ASX:DRE)’s recent mapping and sampling at Tiger in Mangaroon has confirmed the presence of high-grade copper, gold, zinc, and silver in multiple layers of exposed gossan spanning approximately 500m. This includes some of the highest grades recorded so far, such as TIG026 with 8.7% Cu, 9.0% Zn, 40.7g/t Ag, and 1.0g/t Au, and TIG027 with 10.5% Cu, 4.6% Zn, 16.3g/t Ag, and 1.0g/t Au.

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
AXP	AXP Energy Ltd	0.001	-50%	11,757,380	$11,649,361
1MC	Morella Corporation	0.002	-33%	1,172,891	$18,536,398
MTB	Mount Burgess Mining	0.001	-33%	97	$1,947,220
RIL	Redivium Limited	0.002	-33%	40,000	$8,192,564
SFG	Seafarms Group Ltd	0.002	-33%	15,518,639	$14,509,798
MAY	Melbana Energy Ltd	0.044	-33%	64,145,120	$222,433,471
RC1	Redcastle Resources	0.018	-31%	4,121,337	$8,535,388
EVR	Ev Resources Ltd	0.005	-29%	277,554	$9,248,900
ERL	Empire Resources	0.003	-25%	45,000	$5,935,653
LSR	Lodestar Minerals	0.002	-25%	317,734	$4,046,795
NMR	Native Mineral Res	0.026	-24%	110,000	$7,134,917
IS3	I Synergy Group Ltd	0.010	-23%	1,500,000	$4,603,045
HXG	Hexagon Energy	0.011	-21%	481,402	$7,180,823
BCT	Bluechiip Limited	0.004	-20%	109,207	$5,910,198
CTO	Citigold Corp Ltd	0.004	-20%	800,000	$15,000,000
ROG	Red Sky Energy.	0.004	-20%	1,649,752	$27,111,136
YPB	YPB Group Ltd	0.002	-20%	517,333	$2,019,904
NYM	Narryermetalslimited	0.033	-20%	75,000	$4,358,549
EOF	Ecofibre Limited	0.034	-19%	743,238	$15,912,704
EMH	European Metals Hldg	0.260	-19%	124,542	$66,382,306
EG1	Evergreenlithium	0.053	-18%	819,987	$3,654,950
ZLD	Zelira Therapeutics	0.365	-17%	16,604	$4,992,748
TFL	Tasfoods Ltd	0.015	-17%	34,250	$7,867,719
AMD	Arrow Minerals	0.003	-17%	9,150,383	$31,618,095