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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 August 21, 2024 – an important date in the history of egregious movie tie-ins.
It was on this day in 1264 that a fella called Ariq Böke surrendered to his brother, Kublai Khan, at Xanadu, inadvertently causing the 1980 musical horror show starring Olivia Newton John.
And, just to be sure that the theme song to the film gets well and truly stuck in your head all day, here it is.
You’re very, very welcome.
Luckily for you, you won’t have to star in an early ’80s musical or wear shoulder pads so large you could play Tight End for the Green Bay Packers 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.
(And just quickly, I’d like to add that this is the 200th of these that I’ve written so far this year… I hope you’re enjoying them, because I’m having the time of my life. g.)
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,499.22 (-0.20%)
Silver: US$29.31 (-0.58%)
Nickel (3mth): US$16,282/t (+2.39%)
Copper (3mth): US$9,137/t (-0.05 %)
Zinc: US$2,745/t (+1.91%)
Oil (WTI): US$73.00 (-1.82%)
Oil (Brent): US$77.00 (-0.84%)
Iron 62pc Fe: US$94.00/t (-0.67%)
AUD/USD: 0.6722 (+0.53%)
Bitcoin: US$$61,044.60 (+2.68%)
WHAT GOT YOU TALKING
If you were wondering what’s got Tony Locantro’s mandarins a-janglin’, you should definitely have a squiz at this week’s episode of Tony’s Takeaway.
This week on Tony’s Takeaway, host Tony Locantro looks at adding rhythm to the portfolio in the form of Saturn Metals and some golden vocals from Aurumin.https://t.co/VJ0Y4F8Tyk #ASX $STN $AUN @saturn_metals @AuruminLtd
— Stockhead (@StockheadAU) August 20, 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 |
|---|---|---|---|---|---|
| JAV | Javelin Minerals Ltd | 0.002 | 100% | 2,689,334 | $4,276,846 |
| GCR | Golden Cross | 0.003 | 50% | 106,330 | $2,194,512 |
| ICU | Investor Centre Ltd | 0.003 | 50% | 555,440 | $609,023 |
| M2R | Miramar | 0.010 | 43% | 44,720,459 | $2,763,457 |
| CR9 | Corellares | 0.007 | 40% | 8,699,303 | $2,325,462 |
| GT1 | Greentechnology | 0.086 | 34% | 1,718,189 | $20,592,134 |
| POS | Poseidon Nick Ltd | 0.004 | 33% | 475,357 | $11,140,604 |
| VRC | Volt Resources Ltd | 0.004 | 33% | 103,390 | $12,476,034 |
| YAR | Yari Minerals Ltd | 0.004 | 33% | 19,628 | $1,447,073 |
| FFG | Fatfish Group | 0.012 | 33% | 3,671,794 | $12,659,157 |
| BSX | Blackstone Ltd | 0.033 | 32% | 521,350 | $13,159,070 |
| HCT | Holista CollTech Ltd | 0.014 | 27% | 470,400 | $3,066,801 |
| 88E | 88 Energy Ltd | 0.003 | 25% | 2,431,365 | $57,867,624 |
| AX8 | Accelerate Resources | 0.010 | 25% | 956,019 | $4,974,031 |
| ION | Iondrive Limited | 0.010 | 25% | 4,665,322 | $5,668,060 |
| LV1 | Live Verdure Ltd | 0.530 | 20% | 448,037 | $55,333,430 |
| BDG | Black Dragon Gold | 0.018 | 20% | 812,500 | $4,012,765 |
| ADD | Adavale Resource Ltd | 0.003 | 20% | 363,333 | $3,028,580 |
| BP8 | Bph Global Ltd | 0.003 | 20% | 260,333 | $991,604 |
| TEG | Triangle Energy Ltd | 0.006 | 20% | 4,958,992 | $10,400,670 |
| UNT | Unith Ltd | 0.019 | 19% | 1,898,710 | $19,641,666 |
| LEX | Lefroy Exploration | 0.091 | 18% | 875,196 | $15,435,303 |
| ASM | Ausstratmaterials | 0.555 | 18% | 658,176 | $85,192,837 |
Yesterday’s Small Cap Winners included:
Corella Resources (ASX:CR9) was up on news that it has been granted government funding to fast track an R&D program to investigate a new and alternative HPA Flowsheet for its Tampu kaolin deposit in Western Australia, in conjunction with an industry partner and the Chemical Engineering division of the University of Queensland.
Green Technology Metals (ASX:GT1) was climbing on news of the execution of a Framework Agreement and corporate Subscription Agreement with leading South Korean EV battery metals producer EcoPro Innovation Co, which will bring in $8 million via a two-tranche placement at a premium of 40% over the company’s 90-day VWAP, as part of GT1’s strategy to become the first integrated lithium producer in Ontario.
Also in Canada, Koba Resources (ASX:KOB) gained after announcing “exceptionally high-grade rock chip assays” from its inaugural sampling and prospecting program at the Harrier Uranium Project, including samples as high as 74,800ppm (7.48%) U3O8, and 72,000ppm (7.20%) U3O8, with a further five samples assaying >30,000ppm (3.0%) U3O8.
Celsius Resources (ASX:CLA) was up on recent news. CLA has obtained a mineral production sharing agreement with the Philippines government for its flagship Maalinao-Caigutan-Biyon (MCB) copper project which gives the company a 25-year lease for exploration and development. MCB contains a 338Mt at 0.47% copper and 0.12 g/t gold resource for a contained 1.6Mt copper and 1.3Moz of gold.
A 2021 study highlighted a post-tax NPV8 of US$464m and an IRR of 31% at an assumed copper price of US$4/lb and gold price of US$1695/oz, both below current spot prices, with gold recently cresting record highs of US$2500/oz. It’s a key step for Celsius in its planned transition from explorer to developer
Javelin Minerals (ASX:JAV) was up on yesterday’s news. Compelling gold-copper targets were announced yesterday at JAV’s Coogee deposit, which is right next door to the world-class St Ives gold field in WA.
Run-throughs of historical data from previous exploration work has cropped up numerous targets for the explorer to sink its teeth into, including a large, untested magnetic anomaly 300m from the Coogee pit.
Little to no previous drilling has been conducted and JAV reckons it’s on track to start drilling the new targets next quarter and is cashed up to do so after a raising $1.25m last month.
Inoviq (ASX:IIQ) lifted nicely after announcing that its NEURO-NET technology has been further validated for isolating brain-derived exosomes in Parkinson’s disease (PD).
Earlier this year, Inoviq demonstrated that NEURO-NET could successfully isolate brain-derived exosomes from blood and identify a distinct protein fingerprint that differentiates Alzheimer’s disease (AD) from healthy samples.
Now, NEURO-NET has also proven effective in isolating exosomes from the blood of Parkinson’s disease patients, revealing a unique protein profile that contrasts with healthy individuals.
Initial studies show that NEURO-NET enhances the detection of known neurodegenerative disease biomarkers by 5-8 times compared to direct blood measurement, potentially allowing for earlier detection of Parkinson’s disease.
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 |
|---|---|---|---|---|---|
| RNE | Renu Energy Ltd | 0.002 | -33% | 2,346,448 | $2,178,402 |
| KBC | Keybridge Capital | 0.047 | -28% | 64,502 | $13,476,959 |
| 1TT | Thrive Tribe Tech | 0.002 | -25% | 15,746,388 | $1,223,243 |
| BCT | Bluechiip Limited | 0.003 | -25% | 245,000 | $4,728,158 |
| MEL | Metgasco Ltd | 0.003 | -25% | 32,963,784 | $5,790,347 |
| MBK | Metal Bank Ltd | 0.013 | -24% | 994,146 | $6,637,808 |
| ZMM | Zimi Ltd | 0.015 | -21% | 45,000 | $2,406,630 |
| WMG | Western Mines | 0.250 | -21% | 292,078 | $25,483,839 |
| BYH | Bryah Resources Ltd | 0.004 | -20% | 3,132 | $2,516,434 |
| PRX | Prodigy Gold NL | 0.002 | -20% | 35,000 | $5,294,436 |
| RGL | Riversgold | 0.004 | -20% | 1,780,512 | $6,637,313 |
| RON | Roninresourcesltd | 0.095 | -17% | 165,000 | $4,234,876 |
| A8G | Australasian Metals | 0.100 | -17% | 175,554 | $6,254,459 |
| AUA | Audeara | 0.025 | -17% | 471,538 | $4,356,724 |
| NVO | Novo Resources Corp | 0.100 | -17% | 15,230 | $10,734,985 |
| AVE | Avecho Biotech Ltd | 0.003 | -17% | 65,500 | $9,507,891 |
| GTI | Gratifii | 0.005 | -17% | 595,160 | $10,536,286 |
| LML | Lincoln Minerals | 0.005 | -17% | 1,920,099 | $12,337,557 |
| PRM | Prominence Energy | 0.005 | -17% | 152,846 | $1,868,258 |
| ROG | Red Sky Energy. | 0.005 | -17% | 3,727,250 | $32,533,363 |
| WML | Woomera Mining Ltd | 0.003 | -17% | 8,000,000 | $4,554,417 |
| MOZ | Mosaic Brands Ltd | 0.042 | -16% | 76,481 | $8,925,322 |
| MCM | Mc Mining Ltd | 0.076 | -16% | 15,000 | $37,261,201 |
TRADING HALTS
Panther Metals (ASX:PNT) – pending the release of an announcement to the market regarding a capital raising.
Unico Silver (ASX:USL) – for the purpose of executing a proposed capital raising and a material acquisition.
Arrow Minerals (ASX:AMD) – requested in respect of a proposed capital raising.
SRG Global (ASX:SRG) – pending an announcement in relation to a corporate acquisition and an associated equity raising.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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