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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.

 

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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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:

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TRADING HALTS 

Elixir Energy (ASX:EXR) – pending an announcement by the Company with respect to new acreage in Queensland.

City Chic Collective (ASX:CCX) – pending the proposed divestment of Avenue and an equity capital raising.

Sacgasco (ASX:SGC) – pending an announcement to the market in relation to a capital raising.

Antipa Minerals (ASX:AZY) – pending an announcement in relation to a proposed capital raising.

MMA Offshore (ASX:MRM) – pending an update in relation to a Scheme of Arrangement between MRM and Cyan MMA Holdings.

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