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

Good morning everyone, and welcome to 11 July June, 2024 – an important day in the history of the solar system.

That’s because it was on this day in 1735 that, according to mathematicians and astronomers and stuff, Pluto changed places with Neptune and became the 8th-most distant planet, because of its eccentric orbit.

That orbit routinely – every 258 years, to be precise – brings Pluto inside the orbit of Neptune for about 20 years, which is something I never knew until now and I’m sure has absolutely no bearing on Astrology, because I doubt those whackos knew about this either.

If you’ve already done the maths in your head, well done you – because yes, it has happened since then… in 1975, Pluto dared show its impertinence by sneaking inside Neptune’s orbit again, but it wobbled back out again in 1995. Allegedly.

But, it’s a bit of a moot point, these days – Pluto’s status as a planet is currently the source of a dead-end debate, because it was relegated to the status of “rapidly moving rock” a few years ago, when scientists decided they’d had quite enough of Pluto’s shenanigans, thank you very much.

Instead, we now have 8 definite planets in the solar system, Pluto off being miserable about its demotion, and some pretty out-there theories about a mysterious Planet Nine.

It’s got that dumb name for a few reasons, chiefly that we’re not even sure it exists, but also because if you could imagine the politics behind getting to choose a name of a “new” planet in the solar system, you’ll quickly figure out that it would be close to impossible.

I reckon we should just call the new planet “Your Mum” and be done with it.

Luckily for you, you don’t need to be soaring through the dark, inky void on the outer edge of our solar system in order to get your hands on the info you need today because – 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$2,369.85 (+0.25%)

Silver: US$30.71 (+0.03%)

Nickel (3mth): US$16,977/t (-0.88%)

Copper (3mth): US$9,762/t (+0.02%)

Zinc: US$2,871/t (-1.84%)

Oil (WTI): US$81.17 (-0.76%)

Oil (Brent): US$84.34 (-0.82%)

Iron 62pc Fe: US$110.51/t (+0.44%)

AUD/USD: 0.6743 (-0.01%)

Bitcoin: US$58,959.80 (+1.57%)

WHAT GOT YOU TALKING

Does the outlook for steel demand in places like India and SE Asia bode well for iron ore prices? Read this, and find out…

#Steel capacity growth in India + South East Asia is likely to underperform bullish projections, an @SPGlobal analyst says. https://t.co/YOO94A9Ljl

— Stockhead (@StockheadAU) July 9, 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	Company	Price	%	Volume	Market Cap
KLI	Killiresources	0.13	65%	29,200,383	$9,497,676
LNR	Lanthanein Resources	0.0045	50%	3,942,800	$7,330,908
DAL	Dalaroometalsltd	0.03	50%	763,596	$1,903,250
I88	Infini Resources Ltd	0.735	50%	8,398,707	$18,611,829
AXP	AXP Energy Ltd	0.0015	50%	1,365,934	$5,824,681
CLZ	Classic Min Ltd	0.0015	50%	32,557,764	$808,365
EXL	Elixinol Wellness	0.004	33%	91,336	$3,963,547
AL3	Aml3D	0.185	28%	16,257,216	$54,679,360
TOY	Toys R Us	0.125	25%	441,364	$11,569,073
88E	88 Energy Ltd	0.0025	25%	6,349,471	$57,785,344
AMD	Arrow Minerals	0.0025	25%	12,235,002	$21,078,730
LPD	Lepidico Ltd	0.0025	25%	56,001	$17,178,239
ME1	Melodiol Glb Health	0.0025	25%	2,471,914	$612,527
VRC	Volt Resources Ltd	0.005	25%	5,127,690	$16,634,713
SRL	Sunrise	0.605	23%	170,841	$44,211,474
FBR	FBR Ltd	0.058	23%	42,133,917	$208,771,649
ZLD	Zelira Therapeutics	0.48	23%	12,290	$4,425,390
TTT	Titomic Limited	0.135	23%	7,011,732	$111,207,593
MKG	Mako Gold	0.011	22%	5,792,871	$8,784,074
AMS	Atomos	0.034	21%	6,375,478	$33,982,545
DDB	Dynamic Group	0.285	21%	489,487	$32,674,376
GLL	Galilee Energy Ltd	0.023	21%	1,236,999	$6,455,148
SVG	Savannah Goldfields	0.023	21%	2,500	$5,340,613
PGO	Pacgold	0.145	21%	142,156	$10,097,453
ASR	Asra Minerals Ltd	0.006	20%	5,763,735	$10,180,397

Yesterday’s Small Cap Winners included:

Killi Resources (ASX:KLI) was killin’ it on Tuesday and backed it up again on Wednesday, with a late surge sending it sailing high and tight on Tuesday’s news of assays from surface rock chip sampling which returned high-grade gold and copper results at the Kaa target, within the 100% owned Mt Rawdon West Project in Queensland.

Killi reported one very high-grade sample which came back from the lab at 238g/t Au, 2.1% Cu & 513g/t Ag, which the company says it believes is representative of the surface outcrop of a mineralised structure.

Prior to that, Infini Resources (ASX:I88) was leading the way Tuesday on some stunning uranium assays. A while back, the company announced that its uranium assays were too much for the lab to handle, so they sent them somewhere else to get tested. Well… those came back and the numbers are huge, with assays as high as 74,997ppm U3O8.

AXP Energy (ASX:AXP) was up on news that its Pathfinder #2 well is back on production. The flow rate is restricted due to gas disposal restrictions, which are being addressed. The company says the Pathfinder Field oil production is averaging ~40 barrels per day with growth anticipated as more wells are brought into production and gas-to-power operations scale up.

Mako Gold (ASX:MKG) was up on news that a scout 1,500m reverse circulation drill program has commenced at the Tchaga North prospect, targeting three high-grade zones identified from recent mapping and trenching programs which located values of 4m at 3.97g/t Au, including 1m at 14.80g/t Au; and 4m at 1.79g/t Au, including 1m at 5.34g/t Au.

WhiteHawk (ASX:WHK) was up earlier on news that it has finalised its first contract with an ASX 100 Listed Company, Tabcorp Holdings Limited, for an Essential Cyber Risk Program that will include cyber risk monitoring for three Business Units where analytics are performed to provide an executive, actionable overview, and a quarterly comprehensive Cyber Risk Assessment.

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	Company	Price	%	Volume	Market Cap
MTL	Mantle Minerals Ltd	0.002	-33%	1,643,621	$18,592,338
RNE	Renu Energy Ltd	0.004	-33%	1,396,106	$4,356,804
WML	Woomera Mining Ltd	0.002	-33%	1,104,000	$3,654,417
ASQ	Australian Silica	0.02	-31%	215,000	$8,173,951
RC1	Redcastle Resources	0.0155	-26%	1,044,408	$6,893,967
BNL	Blue Star Helium Ltd	0.006	-25%	16,447,164	$15,559,082
BP8	Bph Global Ltd	0.003	-25%	5,086	$1,586,566
MHC	Manhattan Corp Ltd	0.0015	-25%	285,714	$5,873,960
ROG	Red Sky Energy.	0.0035	-22%	9,102,056	$24,400,022
PNM	Pacific Nickel Mines	0.022	-21%	1,641,646	$11,711,087
MMM	Marley Spoon Se	0.02	-20%	463,628	$2,943,110
AHN	Athena Resources	0.002	-20%	72,333	$2,676,169
FGH	Foresta Group	0.008	-20%	4,972,725	$23,553,791
M2R	Miramar	0.008	-20%	788,405	$1,973,898
MSI	Multistack Internat.	0.004	-20%	73,777	$681,520
TSL	Titanium Sands Ltd	0.004	-20%	1,719,693	$11,058,736
NRZ	Neurizer Ltd	0.009	-18%	4,413,127	$20,926,737
CDR	Codrus Minerals Ltd	0.035	-17%	60,000	$6,946,275
BDT	Birddog	0.075	-17%	218,687	$17,373,698
ARV	Artemis Resources	0.01	-17%	1,697,036	$21,170,354
AVE	Avecho Biotech Ltd	0.0025	-17%	877,146	$9,507,891
SIS	Simble Solutions	0.0025	-17%	1,333,333	$2,260,352
FCT	Firstwave Cloud Tech	0.016	-16%	100,000	$32,490,368
PPK	PPK Group Limited	0.565	-14%	239,707	$59,375,249
ALY	Alchemy Resource Ltd	0.006	-14%	149,721	$8,246,534