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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.



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%)



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…




Here are the best performing ASX small cap stocks:

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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.



Here are the worst performing ASX small cap stocks:

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Orion Minerals (ASX:ORN) – pending  a material announcement in relation to a proposed capital raising.

Balkan Mining and Minerals (ASX:BMM) – pending an announcement by the Company regarding a capital raising.

West Cobar Metals (ASX:WC1) – pending an announcement regarding a capital raising.