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Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to July 17, 2024 – an important date in the history of monarchs and nobles being remembered with some truly hilarious names.
That’s because it was on this day in 1070 that a new Earl of Flanders was named, when Arnulf the Hapless fulfilled his destiny, despite his apparently ‘hapless’ nature.
While it remains a little unclear how Arnulf was lumbered with such a dubious moniker – especially when it had already been well established that such titles were supposed to be positive, thanks to the likes of Alexander the Great.
But, as it turns out, Arnulf the Hapless wasn’t the only noble remembered in history for not being awesome enough to warrant a cool nickname like Richard the Lionheart.
Indeed, one of Arnulf’s contemporaries, who was King of England from 979-1016 no less, will forever be remembered in history as Ethelred the Unready.
Others are remembered for their physical traits, such as France’s King from 843-877, Charles II the Bald – the ignominy of that made all the worse by his cousin, the Count of Urgell, who was widely known as Wilfred the Hairy, just to rub it in.
Luckily for you, you won’t need to be remembered in history for your least flattering attribute, because – as always – I love you for who you are. And so, 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$2,439.21 (+0.62%)
Silver: US$30.84 (-0.63%)
Nickel (3mth): US$16,696/t (+1.71%)
Copper (3mth): US$9,718/t (+0.68%)
Zinc: US$2,903/t (+1.18%)
Oil (WTI): US$81.28 (-0.76%)
Oil (Brent): US$84.24 (-0.71%)
Iron 62pc Fe: US$109.67/t (+0.08%)
AUD/USD: 0.6742 (-0.03%)
Bitcoin: US$62,851.80 (-2.95%)
WHAT GOT YOU TALKING
What’s happening in the brave, wild world of ASX IPOs? Here’s a great recap of what’s been going on, and what’s around the corner for some ASX newbies.
A handful of explorers are snapping an #IPO drought. One tanked on debut, but a rare earths play and African goldie are waiting in the wings. | #ASX #gold #REE #stocks https://t.co/ZvOe6wNpPy
— Stockhead (@StockheadAU) July 15, 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 |
|---|---|---|---|---|---|
| DGR | DGR Global Ltd | 0.028 | 211% | 43,059,888 | $9,393,241 |
| MSG | Mcs Services Limited | 0.003 | 200% | 22,247,325 | $198,100 |
| MCT | Metalicity Limited | 0.003 | 50% | 1,088,318 | $8,971,705 |
| MHC | Manhattan Corp Ltd | 0.002 | 50% | 225,000 | $2,936,980 |
| TD1 | Tali Digital Limited | 0.002 | 50% | 18,500 | $3,295,156 |
| WML | Woomera Mining Ltd | 0.003 | 50% | 246,793 | $2,436,278 |
| FEG | Far East Gold | 0.195 | 39% | 762,569 | $36,062,157 |
| AI1 | Adisyn Ltd | 0.045 | 36% | 2,571,634 | $6,109,356 |
| NAE | New Age Exploration | 0.004 | 33% | 1,409,904 | $5,381,697 |
| SEN | Senetas Corporation | 0.015 | 25% | 1,234,783 | $18,855,400 |
| EMT | Emetals Limited | 0.005 | 25% | 597,926 | $3,400,000 |
| MEL | Metgasco Ltd | 0.005 | 25% | 100,197 | $5,790,347 |
| SLB | Stelarmetalslimited | 0.090 | 25% | 9,150,324 | $4,576,171 |
| TSL | Titanium Sands Ltd | 0.005 | 25% | 20,000 | $8,846,989 |
| ZLD | Zelira Therapeutics | 0.990 | 24% | 54,685 | $9,077,724 |
| 1AE | Auroraenergymetals | 0.097 | 23% | 1,865,385 | $14,146,035 |
| C29 | C29Metalslimited | 0.115 | 21% | 804,812 | $13,269,713 |
| EVG | Evion Group NL | 0.023 | 21% | 419,789 | $6,592,301 |
| AVC | Auctus Invest Grp | 0.650 | 20% | 101,045 | $43,364,740 |
| ASQ | Australian Silica | 0.024 | 20% | 50,000 | $5,637,208 |
| BMM | Balkanminingandmin | 0.085 | 18% | 88,999 | $5,114,917 |
| OSX | Osteopore Limited | 0.066 | 18% | 31,812,881 | $6,435,537 |
| ECG | Ecargo Hldg | 0.007 | 17% | 102,409 | $3,691,500 |
| T3D | 333D Limited | 0.007 | 17% | 111,111 | $716,670 |
| X2M | X2M Connect Limited | 0.036 | 16% | 6,667 | $10,776,570 |
Yesterday’s Small Cap Winners included:
MCS Services (ASX:MSG) , went off this morning and was up by some 300% by 11am. MSG provides uniformed security and traffic management services in Western Australia and – that’s about all the info we have at the moment, as the company has since gone into a trading halt to prep a reply to an ASX query.
Resources company creator DGR Global (ASX:DGR) was flying high very early on Wednesday, on news of SolGold’s monster US$750m cash injection for the development of its mega Cascabel copper-gold project in Ecuador. DGR has a 6.8% stake in the once Aussie but now London/Canada-listed miner.
Zelira Therapeutics (ASX:ZLD) this morning confirmed it’s secured patents for HOPE 1 and HOPE 2 formulations from the Ausssie Government’s Commission of Patents and the US Patent and Trademark Office (USPTO).
These are never easy and the purveyor of clinically validated cannabis therapies and meds says the patents cover drugs that are designed to treat cluster symptoms associated with Autism Spectrum Disorder (ASD), with the company saying “the broad patents fortify Zelira’s competitive edge in the central nervous system (CNS) therapeutic space and significantly enhance its patent portfolio.”
Now. Up a lazy 25% is Far East Gold (ASX:FEG) which just installed Aussie legend Justin Werner as its chairman… and also revealed the acquisition of a potentially multi-million-ounce gold project in Indonesia.
But take a bow Chairman Werner, who knows Indo like the back of his hand having been involved in the country’s mining industry for more than two decades. He’s been a non-executive director with FEG since its inception, and has been the MD of global top-10 nickel producer, Nickel Industries (ASX:NIC) since March 2008.
Meanwhile, FEG just signed a binding agreement with PT Iriana Mutiara Idenburg for exclusive rights to explore, develop, and operate the Idenburg Gold Project in Indonesia’s Papua Province.
The Idenburg project covers 95,280 hectares (952.8km2) and is known for high-grade lode gold occurrences characteristic of orogenic gold systems – similar to areas such as the 60Moz-plus Kalgoorlie Goldfields and the Mother Lode district of California.
It’s a region when combined with Papua New Guinea that hosts several multi-million-ounce gold and copper deposits including the world class Grasberg (+70Moz Au), where Werner once worked as a turnaround consultant, Porgera (+7Moz Au), Frieda River (20Moz Au) and Ok Tedi (20Moz Au).
And Titomic (ASX:TTT) has risen today on news that it has hired a seasoned US Defence industry exec Dr Patricia Dare, a former Boeing and Lockheed exec and is on board to further push Titomic into the US Defence sector following some cracking recent contract wins.
Finally, there’s even more momentum than there was at the open and at lunch for ambitious little tech stock Adisyn (ASX:AI1). On Monday AI1 signed a binding thingy with 2D Generation, which is a global semiconductor IP business incorporated in Israel and which is reportedly pretty tight with Nvidia, with AI1 reporting the partnership aims to “generate transformational opportunities in the AI space”.
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 |
|---|---|---|---|---|---|
| 1TT | Thrive Tribe Tech | 0.002 | -50% | 7,590,306 | $1,882,486 |
| VPR | Voltgroupltd | 0.001 | -50% | 11,883 | $21,432,416 |
| SIH | Sihayo Gold Limited | 0.002 | -33% | 208,000 | $36,612,769 |
| DRO | Droneshield Limited | 1.860 | -28% | 42,865,485 | $1,982,631,014 |
| EXL | Elixinol Wellness | 0.003 | -25% | 158,809 | $5,284,729 |
| OAR | OAR Resources Ltd | 0.002 | -25% | 67,500 | $6,444,200 |
| SFG | Seafarms Group Ltd | 0.003 | -25% | 94,913 | $19,346,397 |
| TKL | Traka Resources | 0.002 | -25% | 130,000 | $3,501,317 |
| AEV | Avenira Limited | 0.005 | -25% | 1,579,830 | $14,094,204 |
| S66 | Star Combo | 0.110 | -24% | 20,000 | $19,587,032 |
| AGH | Althea Group | 0.023 | -23% | 2,408,077 | $12,159,973 |
| XGL | Xamble Group Limited | 0.020 | -23% | 62,499 | $7,700,085 |
| MXO | Motio Ltd | 0.017 | -23% | 993,051 | $5,900,364 |
| FAL | Falconmetalsltd | 0.240 | -21% | 750,240 | $53,985,000 |
| ADD | Adavale Resource Ltd | 0.004 | -20% | 2,005,002 | $5,326,327 |
| HLX | Helix Resources | 0.002 | -20% | 200,000 | $8,160,484 |
| IVX | Invion Ltd | 0.004 | -20% | 9,876 | $33,022,661 |
| LPD | Lepidico Ltd | 0.002 | -20% | 1,946,900 | $21,472,798 |
| MRQ | Mrg Metals Limited | 0.004 | -20% | 4,292,500 | $13,557,593 |
| RML | Resolution Minerals | 0.002 | -20% | 415,200 | $4,025,055 |
| RNE | Renu Energy Ltd | 0.004 | -20% | 3,005 | $3,630,670 |
| AUG | Augustus Minerals | 0.077 | -17% | 5,184,106 | $7,939,410 |
| AMD | Arrow Minerals | 0.003 | -17% | 5,886,198 | $31,618,095 |
| AVE | Avecho Biotech Ltd | 0.003 | -17% | 1,169,015 | $9,507,891 |
TRADING HALTS
MCS Services (ASX:MSG) – to allow the company to announce a reply to a price query from ASX.
Quantum Graphite (ASX:QGL) – pending an announcement in relation to correspondence relating to applications for Letters of Interest to the US EXIM Bank.
Pacific Nickel Mines (ASX:PNM) – pending an announcement in relation to the operations and funding of the Kolosori Nickel project.
Tesoro Gold (ASX:TSO) – pending an announcement on a proposed capital raising.
Labyrinth Resources (ASX:LRL) – pending an announcement regarding an asset acquisition and capital raising activities.
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