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Good morning everyone, and welcome to 07 August, 2024 – an important date in the history of global politics.
In 1620, a family brawl got completely out of hand, resulting in a battle at Ponts-the-Ce, Poitou during which French King Louis XIII defeated his own mother, Marie de Medici, earning the right to stay up past 9pm and watch whatever he wanted on telly.
In 1914, there was an engagement between British cruiser HMS Gloucester and German cruisers SMS Breslau and SMS Goeben off Greece. They went on to have several speedboats and jetskis before divorcing in 1928.
In 1940, Winston Churchill reportedly recognised De Gaulle’s French government in exile, despite the French wearing some cunning disguises like fake moustaches and tall, pointy hats.
And on this day in 1961, Nikita Kruschev predicted that the economy of the USSR would surpass that of the United States, cementing his place in history as the precise opposite of Nostradamus.
Luckily for you, you won’t have to make a bunch of wildly inaccurate predictions in order to get your hands on good pre-market info today.
That’s because – as always – we’ve worked super-hard to gather 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$2408.20 (+0.14%)
Silver: US$27.21 (-0.15%)
Nickel (3mth): US$16,204/t (-0.43%)
Copper (3mth): US$8,620/t (-1.51%)
Zinc: US$2,620/t (-0.87%)
Oil (WTI): US$74.16 (+1.65%)
Oil (Brent): US$77.38 (+1.42%)
Iron 62pc Fe: US$104.18/t (+0.17%)
AUD/USD: 0.6506 (-0.15%)
Bitcoin: US$$55,582.10 (+2.58%)
What did former Labor Party heavyweight Kim Beazley have to say about the future of Austrlia’s rare earths resources? You’ll need to read this cracking yarn from Josh Chiat, who is somehow surviving the rigours of the Diggers and Dealers conference in Kalgoorlie this week.
Former pollie thinks taxpayers should subsidise Australian #RareEarths mines, calling them a #defence asset. | #REEs #mining @diggersndealers #ASX https://t.co/QLO3Shi2Hz
— Stockhead (@StockheadAU) August 5, 2024
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 |
|---|---|---|---|---|---|
| MHI | Merchant House | 0.070 | 75% | 280,806 | $3,770,660 |
| ME1 | Melodiol Glb Health | 0.002 | 50% | 1,154,444 | $789,420 |
| ATX | Amplia Therapeutics | 0.130 | 44% | 2,465,216 | $24,679,079 |
| JAV | Javelin Minerals Ltd | 0.002 | 33% | 240,000 | $6,415,269 |
| ADG | Adelong Gold Limited | 0.004 | 33% | 142,855 | $3,353,967 |
| FGH | Foresta Group | 0.008 | 33% | 936,543 | $14,132,274 |
| KPO | Kalina Power Limited | 0.004 | 33% | 1,000,000 | $7,459,182 |
| MOM | Moab Minerals Ltd | 0.004 | 33% | 1,367,654 | $2,381,443 |
| MSG | Mcs Services Limited | 0.004 | 33% | 275,000 | $594,299 |
| OAR | OAR Resources Ltd | 0.002 | 33% | 3,689,068 | $4,833,150 |
| ZLD | Zelira Therapeutics | 0.760 | 26% | 5,040 | $6,865,029 |
| TGH | Terragen | 0.025 | 25% | 1,940,745 | $7,381,623 |
| HCL | Highcom Ltd | 0.175 | 25% | 2,994,126 | $14,375,574 |
| EEL | Enrg Elements Ltd | 0.003 | 25% | 1,846,852 | $2,019,930 |
| RIL | Redivium Limited | 0.003 | 25% | 474,000 | $5,461,710 |
| RWD | Reward Minerals Ltd | 0.044 | 22% | 100,012 | $8,202,713 |
| HLX | Helix Resources | 0.003 | 20% | 37,946,698 | $8,160,484 |
| SFG | Seafarms Group Ltd | 0.003 | 20% | 1,429,174 | $12,091,498 |
| CHM | Chimeric Therapeutic | 0.018 | 20% | 1,651,070 | $13,301,550 |
| MKL | Mighty Kingdom Ltd | 0.004 | 14% | 6,375,000 | $11,255,801 |
| OVT | Ovanti Limited | 0.004 | 14% | 1,618,706 | $4,340,369 |
| TIG | Tigers Realm Coal | 0.004 | 14% | 131,963 | $45,733,458 |
| GGE | Grand Gulf Energy | 0.005 | 11% | 853,551 | $9,428,612 |
Javelin Minerals (ASX:JAV) was climbing on news that it has appointed highly experienced mining engineer and operations manager Andrew Rich to its board as non-executive director. Rich has been brought on as the company looks to update the resource and kick off a new exploration campaign at its Coogee gold mine in WA, which currently holds a 1.4Mt at 1.07 g/t indicated and inferred resource for a contained 49,000oz of gold.
Merchant House (ASX:MHI) was also up Tuesday morning after delivering a note to investors which is actually a bit of a bummer. The company has decided to jettison its American Merchant Inc textile factory in the US, because it’s currently losing around $3.7 million every year. Once the land and assets have been sold, Merchant House says it will explore options to delist from the ASX altogether.
Amplia Therapeutics (ASX: ATX) was up on some positive news, announcing that another patient in its Phase 2a ACCENT trial for advanced pancreatic cancer has shown a confirmed partial response. This brings the total number of responders in the first patient group to four. The ACCENT trial is investigating the effectiveness of narmafotinib, used in combination with standard chemotherapy, for treating advanced pancreatic cancer.
St George Mining (ASX:SGQ) was up on news that it is set to acquire the world-class Araxá niobium-REE-phosphate project in Brazil. Historical drilling at Araxá has already defined extensive high-grade niobium, REE and phosphate mineralisation with more than 500 intercepts of high-grade niobium, >1% Nb2O5, along with ultra-high grades up to 8% Nb2O5, 33% TREO and 32% P2O5; and mineralisation commencing from surface and open in all directions.
Grand Gulf Energy (ASX:GGE) was up on news that it has secured all necessary permits and paperwork from the Utah Division of Oil, Gas and Mining for its Jesse-3 well, which the company says will test deeper pay below the Leadville primary target by casing and perforating the entire basinal stratigraphic section.
HighCom (ASX:HCL) was climbing on Tuesday, off the back of a double dose of good news for the company. Tuesday saw the announcement of a $2.5 million order for the company’s ballistic armour from an undisclosed military customer, which followed a similar announcement yesterday of an $8.9 million order from a similarly undisclosed buyer.
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 |
|---|---|---|---|---|---|
| BCB | Bowen Coal Limited | 0.015 | -38% | 59,699,253 | $68,380,299 |
| AD8 | Audinate Group Ltd | 8.500 | -36% | 4,361,654 | $1,107,009,696 |
| HCD | Hydrocarbon Dynamic | 0.002 | -33% | 54,700 | $2,425,747 |
| DOU | Douugh Limited | 0.003 | -25% | 12,296 | $4,328,276 |
| ENT | Enterprise Metals | 0.003 | -25% | 5,887,679 | $4,373,269 |
| FAU | First Au Ltd | 0.002 | -25% | 500,650 | $3,323,987 |
| MTL | Mantle Minerals Ltd | 0.002 | -25% | 100,000 | $12,394,892 |
| NRZ | Neurizer Ltd | 0.003 | -25% | 905,960 | $7,609,723 |
| GAS | State GAS Limited | 0.059 | -25% | 452,740 | $21,756,057 |
| GLN | Galan Lithium Ltd | 0.120 | -20% | 6,077,558 | $74,054,099 |
| LM8 | Lunnonmetalslimited | 0.160 | -20% | 40,326 | $44,042,922 |
| BCT | Bluechiip Limited | 0.004 | -20% | 700,000 | $5,910,198 |
| BYH | Bryah Resources Ltd | 0.004 | -20% | 100,000 | $2,516,434 |
| CAV | Carnavale Resources | 0.004 | -20% | 4,200,000 | $17,117,759 |
| IXR | Ionic Rare Earths | 0.008 | -20% | 13,742,691 | $48,697,626 |
| AS1 | Asara Resources Ltd | 0.009 | -18% | 89,822 | $9,703,929 |
| HE8 | Helios Energy Ltd | 0.009 | -18% | 1,581,044 | $28,644,544 |
| AGD | Austral Gold | 0.015 | -17% | 44,021 | $11,021,604 |
| AQI | Alicanto Min Ltd | 0.015 | -17% | 381,354 | $12,575,663 |
| MOV | Move Logistics Group | 0.200 | -17% | 22,000 | $27,932,431 |
| REM | Remsensetechnologies | 0.025 | -17% | 6,257 | $4,945,791 |
| AVE | Avecho Biotech Ltd | 0.003 | -17% | 173,952 | $9,507,891 |
| BCA | Black Canyon Limited | 0.065 | -17% | 34,507 | $6,306,915 |
| BXN | Bioxyne Ltd | 0.005 | -17% | 28,519 | $12,279,872 |
Summit Minerals (ASX:SUM) – pending an announcement in relation to an expansion of the Equador Project in Brazil.
Greenwing Resources (ASX:GW1) – pending the release of an announcement regarding an equity raising.
At Stockhead, we tell it like it is. While Javelin Minerals and St George Mining are Stockhead advertisers, they did not sponsor this article.
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