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

Good morning everyone, and welcome to 26 June, 2024 – an important day in the history of public speaking gaffes, and fatal levels of cringe.

It was on this day in 1963 that US President John F. Kennedy took to the podium in West Berlin, to deliver a speech that was meant to foster kinship with the German people on the right side of the iron curtain.

With purpose and determination (and, legend has it, a head full of extremely potent pain medication) President Kennedy grasped either side of the lectern, leaned in and uttered the famous words “Ich bin ein Berliner”.

To the American’s ears, he was espousing his connection to those who were once mortal enemies of the United States, aiming to rebuild the shattered bridges of friendship and community left in tatters by the horrors of World War II, and the rise of communism in the wake of the carving up of Europe.

To the ears of every German in attendance, he boldly told the audience “I am a doughnut” – after it turned out that his ability to speak German was, evidently, far worse than previously thought, and a “Berliner” was actually their name for a jam-filled edible treat.

The cringe, apparently, was very real – so bad, in fact, that five short months later, when Kennedy thought back to that moment during a leisurely drive through downtown Dallas, his head exploded.

Luckily for you, you won’t need to make a fool of yourself in front of the whole of Germany in order to get the information you need before the market opens today.

Nadine McGrath has been on the blower with the folks at Morgans to talk about the impact of interest rates on tech stocks, 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$2,327.68 (-0.24%)

Silver: US$29.55 (-0.37%)

Nickel (3mth): US$16,951/t (+0.12%)

Copper (3mth): US$9,527/t (-0.36%)

Zinc: US$2,798/t (+0.46%)

Oil (WTI): US$81.68 (-0.08%)

Oil (Brent): US$86.05 (-0.07%)

Iron 62pc Fe: US$106.55/t (-0.38%)

AUD/USD: 0.6664 (+0.15%)

Bitcoin: US$61,328.40 (+1.77%)

WHAT GOT YOU TALKING

The incomparable Jess Cummins has penned this brilliant look at the little guys who’ve partnered up with the big guns. You really, really need to read this one…

.@cummins_jessica looks at #ASX #stocks linked with leading firms. | @RenegadeExp @sovereignmetals $RNX $SVM https://t.co/GYFP1ihSfi

— Stockhead (@StockheadAU) June 24, 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
OAR	OAR Resources Ltd	0.002	100%	1,250,000	$3,222,100
VN8	Vonex Limited.	0.036	97%	18,808,238	$6,512,915
1MC	Morella Corporation	0.003	50%	5,785,842	$12,357,599
BGE	Bridgesaaslimited	0.016	33%	84,184	$1,432,765
ODE	Odessa Minerals Ltd	0.004	33%	154,084	$3,129,848
SGC	Sacgasco Ltd	0.004	33%	3,455,359	$2,339,061
EPM	Eclipse Metals	0.009	29%	2,736,764	$15,755,989
OLY	Olympio Metals Ltd	0.028	27%	224,109	$1,880,482
FCT	Firstwave Cloud Tech	0.010	25%	4,625,419	$13,680,155
HLX	Helix Resources	0.003	25%	2,235,166	$6,528,387
LPD	Lepidico Ltd	0.003	25%	4,643,935	$17,178,239
MOH	Moho Resources	0.005	25%	280,000	$2,156,713
ASQ	Australian Silica	0.036	24%	113,397	$8,173,951
M4M	Macro Metals Limited	0.037	23%	12,112,170	$107,954,458
ERW	Errawarra Resources	0.080	23%	736,409	$6,234,843
ICR	Intelicare Holdings	0.017	21%	1,827,682	$3,287,543
BPM	BPM Minerals	0.064	21%	179,255	$3,557,477
RAD	Radiopharm	0.041	21%	6,302,849	$15,652,480
IMI	Infinitymining	0.018	20%	159,495	$1,781,301
1TT	Thrive Tribe Tech	0.003	20%	2,217,094	$1,176,554
FAU	First Au Ltd	0.003	20%	494,128	$4,154,983
VAR	Variscan Mines Ltd	0.006	20%	818,044	$1,895,002
WBE	Whitebark Energy	0.012	20%	252,387	$1,920,003
RDN	Raiden Resources Ltd	0.031	19%	18,274,664	$70,550,024

Yesterday’s Small Cap Winners included:

Vonex (ASX:VN8) was the clear winner by the end of Tuesday’s session, up close to +100% on news that it has entered into a scheme implementation deed with MaxoTel to see the latter acquire Vonex for $0.0375 cents per share – a 108% premium on Vonex’s closing price on 24 June.

TMK Energy (ASX:TMK) says the Ministry of Environment and Tourism of Mongolia has endorsed the Gurvantes XXXV Project through approval of its Detailed Environmental Impact Assessment (DEIA) submission. The approval grants TMK permission to conduct significant drilling and appraisal activities into 2029.

Developer of radiopharmaceutical products for both diagnostic and therapeutic uses Radiopharm Theranostics (ASX:RAD) has received firm commitments to raise ~$70 million through a placement to international and Aussie institutional and industry investors, including Lantheus Holdings and specialist US healthcare investors.

Helix Resources (ASX:HLX) has announced further positive results in its search for new copper-gold deposits from the auger geochemical sampling program in the Eastern Group tenements, ~40km southeast of Nyngan, home of the Big Bogan, in central NSW.

Blackstone Minerals (ASX:BSX) has received $1m as an advance from an R&D lending fund backed by Asymmetric Innovation Finance and Fiftyone Capital on its future 2024 refundable tax offset for R&D expenditure. BSX says the advance reflects its ongoing investment to develop the Ta Khoa Refinery process and “unique strategy to convert nickel concentrate blends into battery products in the form of precursor cathode active material”.

Augustus Minerals (ASX:AUG) has contracted UTS Geophysics to conduct a VTEM Max survey on several copper-PGE-nickel-zinc-lead-silver and uranium targets within the 3,600km2 Ti Tree project. The survey, scheduled to start in August, will help to unearth the untapped potential of the Ti Tree project to host economic mineralisation.

QX Resources (ASX:QXR) says it will undertake a new program of trenching to extend known high grade gold mineralisation at its Big Red Project in Queensland where prior trenching returned results including mineralised widths of 9m @ 5.9g/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
CLZ	Classic Min Ltd	0.001	-50%	354,097	$1,102,057
TD1	Tali Digital Limited	0.001	-50%	75,658	$6,590,311
ABE	Ausbondexchange	0.013	-35%	163,724	$2,253,362
88E	88 Energy Ltd	0.002	-33%	12,837,466	$86,678,016
BFC	Beston Global Ltd	0.002	-33%	348,739	$5,991,141
PRX	Prodigy Gold NL	0.002	-33%	30,722	$6,353,323
ESK	Etherstack PLC	0.175	-29%	197,755	$32,265,002
CZN	Corazon Ltd	0.005	-29%	6,234,861	$4,309,185
AD1	AD1 Holdings Limited	0.006	-25%	250,000	$7,189,187
IEC	Intra Energy Corp	0.002	-25%	10,050,000	$3,381,563
MHC	Manhattan Corp Ltd	0.002	-25%	8,101,000	$5,873,960
MOM	Moab Minerals Ltd	0.003	-25%	776,230	$2,847,852
RBR	RBR Group Ltd	0.002	-25%	40,000	$3,268,809
TMX	Terrain Minerals	0.003	-25%	122,356	$5,726,683
YAR	Yari Minerals Ltd	0.003	-25%	645,579	$1,929,431
ZAG	Zuleika Gold Ltd	0.016	-24%	383,282	$15,457,796
AM7	Arcadia Minerals	0.040	-23%	721,397	$6,086,605
KOR	Korab Resources	0.007	-22%	350,504	$3,303,450
KP2	Kore Potash PLC	0.025	-22%	1,782,017	$20,865,465
PHO	Phosco Ltd	0.027	-21%	522,000	$9,511,438
BCT	Bluechiip Limited	0.004	-20%	1,624,657	$5,910,198
EEL	Enrg Elements Ltd	0.002	-20%	27,941,909	$2,524,913
IVX	Invion Ltd	0.004	-20%	1,212,209	$32,122,661
SI6	SI6 Metals Limited	0.002	-20%	8,765,140	$5,922,149