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Good morning everyone, and welcome to 2 July June, 2024 – an important day in the history of not understanding what the weather means.

That’s because it was on this day in 1505 that Martin Luther, the founder of modern Protestantism, got caught in a violent thunderstorm that scared him so badly, he decided to become a monk.

Luther was riding on horseback to university, when the storm broke above him – and a bolt of lightning struck the earth nearby.

The poor, timid chappy was so overcome with fear that he cried out “Help! Saint Anna, I will become a monk!”

When he failed to be struck by lightning and killed, he took it as a sign that he’d better live up to his hastily uttered promise, and off he went to monk school – enraging his father, who had poured considerable effort, and at least 30-40 pence, on Luther’s education to that point.

But, true to his word, Luther left university, became a monk and eventually went on to found the Protestant movement, which has been widely derided as a terrible idea by a lot of people who aren’t Protestants.

Luckily for you, you won’t need to found a new branch of religion in order to get your hands on the info you need today.

Nadine McGrath has put together a brilliant recap of what happened on the markets last month, 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$2,325.15 (-0.04%)

Silver: US$29.13 (-0.03%)

Nickel (3mth): US$16,956/t (+0.74%)

Copper (3mth): US$9,212/t (-0.47%)

Zinc: US$2,940/t (+0.07%)

Oil (WTI): US$82.16 (+0.78%)

Oil (Brent): US$85.65 (+0.76%)

Iron 62pc Fe: US$106.51/t (0.00%)

AUD/USD: 0.6669 (-0.04%)

Bitcoin: US$63,326.90 (+1.05%)



What’s this? A niobium mine? In this part of the world? At this time of year? Localised entirely in WA1’s Luni project? … Can I see it?




Here are the best performing ASX small cap stocks:

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Yesterday’s Small Cap Winners included:

Infini Resources (ASX:I88) announced its maiden field sampling assay results at its 100% owned Portland Creek Uranium Project in Newfoundland, Canada, where the company says the results have exceeded laboratory testing limitations in 17 samples – meaning they are above 1.18% (11,792ppm) U3O8 – and have been sent for additional testing, with other high range samples close to the upper limit for testing of this type.

The company says that 52% of the samples tested have come back with readings above 1,000ppm U3O8, which sets the project up to be a potential record breaker.

Wellard (ASX:WLD) was surging early on news that the company has signed paperwork to offload one of its oldest livestock ships, the M/V Ocean Ute, for $12 million, the majority of which is set to be returned directly to shareholders in a manner that is yet to be determined by the company.

Lindian Resources (ASX:LIN) released news that its feasibility study for the company’s Kangankunde rare earths project has confirmed it as a “technically low risk and economically robust project”, boasting a Stage 1 post-tax Net Present Value of US$555M (A$831M), an IRR of 80% and an average annual EBITDA of US$84M1 (A$124.5M).

Antilles Gold (ASX:AAU) has advised that on 28 June, 2024, shareholders of the Cuban joint venture mining company, Minera La Victoria SA, formally adopted previously agreed modifications to the existing Joint Venture Agreement, paving the way for the companies to pursue a strategy to progressively evolve as a substantial mining company, with “minimal future contributions required from Antilles Gold”.



Here are the worst performing ASX small cap stocks:

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BPM Minerals (ASX:BPM) – pending an announcement regarding a project acquisition.

Rimfire Pacific Mining (ASX:RIM) – pending an announcement by the Company to the market regarding a capital raising.

Cannindah Resources (ASX:CAE) – pending the release of an announcement to the market in relation to an upgrade of the Company’s Mt Cannindah Mineral Resource.

Recce Pharmaceuticals (ASX:RCE) – pending the release of an announcement relating to a proposed equity capital raising.

Island Pharmaceuticals (ASX:ILA) –  in relation to a proposed material non-binding term sheet.

Beston Global Foods Company (ASX:BFC) –  pending the release of a funding and milk supply update announcement.

Jindalee Lithium (ASX:JLL) – pending an announcement with regard to a proposed capital raising.

Tivan (ASX:TVN) – pending the release of an announcement by the Company of a proposed capital raising.