Sponsored by Saxo

 

Good morning everyone, and welcome to July 3, 2024 – an important day in the history of wiping out an entire species.

That’s because it was on this day in 1844 that the last ever pair of great auks was killed, which was clearly a totes awks situation all round.

Great auks were known to the scientific community as Pinguinus impennis, which – if my high school Latin is correct – is how the Romans once referred to a very narrow, and quite specific branch of beastiality.

That said, they are widely considered to be the OG of the penguin community, but they were hunted to extinction because they were A) slow, and B) were covered in excellent pillow down.

That’s right… we hunted this species to extinction for their feathers, so we could put our giant fat heads somewhere comfortable when we slept.

Luckily for you, you don’t need to so appallingly short-sighted or in need of an extra soft pillow in order to get your hands on the info you need today.

Eddy Sunarto has somehow managed to write a wrap up of ASX health stocks in June and be on holidays somewhere exotic at the same time, 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$2,330.80 (-0.38%)

Silver: US$29.25 (-0.70%)

Nickel (3mth): US$17,195/t (+1.41%)

Copper (3mth): US$9,605/t (+1.29%)

Zinc: US$2,911/t (-0.27%)

Oil (WTI): US$83.42 (+0.06%)

Oil (Brent): US$86.73 (+0.12%)

Iron 62pc Fe: US$108.00/t (+1.38%)

AUD/USD: 0.6641 (-0.16%)

Bitcoin: US$62,615.60 (-0.34%)

 

WHAT GOT YOU TALKING

Ever wondered why some Aussie companies go all the way to London to list? Here’s your chance to learn something…

 

 

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:

Wordpress Table Plugin

 

Yesterday’s Small Cap winners included:

TMK Energy (ASX:TMK) was up on Friday afternoon, on news that the company has put a broom through the boardroom and managerial roster, to “align individuals’ competencies and experience with the immediate and future direction of the company”.

The shakeup comes as TMK preps for a big push forward on the delivery of its Gurvantes XXXV Project in Mongolia and says the changes will provide additional support to management to progress the significant growth opportunity that lies ahead.

Tesoro Gold (ASX:TSO) was pleased to report significant assay results from first-pass drilling of the Ternera East target, which has intercepted a newly identified, thick (+200m), well-mineralised El Zorro Tonalite (EZT) intrusive, approximately 300m east of the 1.3Moz Ternera Gold Deposit within Tesoro’s broader El Zorro Gold Project in Chile.

Ark Mines (ASX:AHK) revealed that an extensive reconnaissance drilling programme has been conducted, allowing the company to assess an exploration target range for the Sandy Mitchell rare earths tenement.

Ark says in the release that the target is estimated at 1.3 billion tonnes to 1.5 billion tonnes @ 1250 to 1490ppm monazite equivalent – but does also note that “the potential quantity and grade of the Exploration Target is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in estimation of a Mineral Resource.”

Earlier in the day, Critical Resources (ASX:CRR) was climbing on Tuesday morning after it announced that its summer field program has reinforced the company’s recently announced Exploration Target of 18-29Mt at 0.8-1.2% Li2O at its Mavis Lake prospect, with new assays confirming “exceptionally high grades” at surface with lithium assays of up to 5.12% Li2O along the extensions of pegmatites 7 and 24.

Redflow (ASX:RFX) was moving sharply on news that it has signed an MoU with the Queensland government-owned Energy producer Stanwell, setting out out Redflow’s and Stanwell’s intention to collaborate on the development and deployment of Redflow’s X10 battery for use in a 400 MWh large-scale project, which will serve as a potential anchor order for Redflow’s planned manufacturing facility in Queensland.

Cygnus Metals (ASX:CY5) announced some pleasant news from its lithium prospect, after a ground gravity survey suggested the Pegasus spodumene pegmatite trend extends for at least 1.7km and remains open in all directions. The survey was centred around a find the company reported in February this year, which included a fabulous intersection of 43.7m @ 1.15% Li2O below 10m of glacial cover.

And Pioneer Lithium (ASX:PLN) jumped nicely on news that its 300m exploratory auger drilling campaign at its 100% owned Verde Valor Rare Earth tenements in Bahia state in Brazil has been completed, with the samples all packed carefully and sent off to the lab to be processed.

 

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:

Wordpress Table Plugin

 

TRADING HALTS 

Indiana Resources (ASX:IDA) – pending an announcement to the market in relation to a settlement being reached with the United Republic of Tanzania in relation to the arbitration proceedings at the International Centre for Settlement of Investment Disputes (ICSID), a division of the World Bank.

Liontown Resources (ASX:LTR) – pending an announcement by the Company in connection with funding arrangements.

West African Resources (ASX:WAF) – pending the release of an announcement by the Company regarding a potential capital raising.

eCargo (ASX:ECG) – pending an announcement by ECG concerning a proposed application to be removed from the official list of the ASX.

Compumedics (ASX:CMP) – pending an announcement in relation to a proposed capital raising.

 

 

Read MoreMarkets

You might be interested in