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

Good morning everyone, and welcome to September 12, 2024 – an important date in the history of secret navy stuff.

That’s because it was on this day in 1624 that the first ever public testing of a submarine took place in the Thames River, London.

The sub was designed and built by chronic inventor Cornelis Drebbel, a Dutch mega-brain who managed to figure out not only how to raise and lower the craft with some degree of accuracy and reliability, but also how to propel it through the water and make sure everyone inside didn’t suffocate.

The sub could be submerged by filling bladders inside it with water, which would make it sink. It was then the job of the hapless crew to manually squeeze the bladders to eject the water, just like getting me out of bed in the morning.

Air came in via hoses that ran to the surface, with the intakes held in open air by flotation devices – which meant the sub wasn’t exactly stealthy, and that in the event one was tobe used in anger, all it would take was a guy in a rowboat with a fine selection of corks to put at end to the shenanigans.

But the sub designed by Drebbel was a marvel of its time, and – rumour has it – King James (James I when he was in England, James IV when he was in Scotland) himself took a ride in the belly of Drebbel’s submersible beast, to sit stoically on the bed of the Thames in darkness and ponder just how useful such a thing could be, if the French came knocking again.

Luckily for you, you won’t have to risk your life in a home-made wooden submersible 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.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,520.47 (+0.08%)

Silver: US$28.55 (+0.42%)

Nickel (3mth): US$15,756/t (-0.12%)

Copper (3mth): US$8,934/t (-0.42%)

Zinc: US$2,718/t (+0.33%)

Oil (WTI): US$66.47 (+1.14%)

Oil (Brent): US$69.94 (+1.08%)

Iron 62pc Fe: US$92.60/t (+2.18%)

AUD/USD: 0.6657 (-0.02%)

Bitcoin: US$56,704.82 (-0.75%)

WHAT GOT YOU TALKING

Nerve repair house plans to break the IPO drought. Read all about it in Tim Boreham’s new column on Stockhead:

Bio Curious: Nerve repair house plans to break the IPO drought. Read all about it in Tim Boreham’s new column on Stockhead > https://t.co/SHTv7h3Udu

— Stockhead (@StockheadAU) September 10, 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
PTR	Petratherm Ltd	0.037	85%	7,858,537	$4,526,397
MAY	Melbana Energy Ltd	0.030	58%	61,106,884	$64,033,878
CXU	Cauldron Energy Ltd	0.020	54%	13,772,637	$15,944,898
BCB	Bowen Coal Limited	0.010	43%	44,323,709	$19,944,254
GTR	Gti Energy Ltd	0.004	33%	1,146,250	$7,649,841
88E	88 Energy Ltd	0.003	25%	26,217,078	$57,867,624
GCM	Green Critical Min	0.003	25%	4,696,975	$2,937,085
RPG	Raptis Group Limited	0.010	25%	1	$507,891
SKN	Skin Elements Ltd	0.005	25%	87,271	$2,357,944
VFX	Visionflex Group Ltd	0.005	25%	2,486,000	$11,671,298
VML	Vital Metals Limited	0.003	25%	88,892	$11,790,134
XRG	Xreality Group Ltd	0.045	22%	32,619,967	$20,826,380
FNR	Far Northern Res	0.150	20%	7,000	$4,533,228
CUL	Cullen Resources	0.006	20%	83,333	$3,467,009
STM	Sunstone Metals Ltd	0.006	20%	2,646,592	$19,259,518
SCN	Scorpion Minerals	0.016	19%	551,808	$5,322,930
RKT	Rocketdna Ltd.	0.013	18%	2,263,398	$7,217,263
FGL	Frugl Group Limited	0.021	17%	413,344	$1,888,355
SEN	Senetas Corporation	0.021	17%	1,626,145	$28,283,101
DAL	Dalaroometalsltd	0.028	17%	646,177	$5,961,000
IXR	Ionic Rare Earths	0.007	17%	2,554,690	$29,218,576
TMK	TMK Energy Limited	0.004	17%	180,000	$20,764,836
CXO	Core Lithium	0.103	16%	30,988,024	$188,050,328
MIN	Mineral Resources.	35.070	16%	3,811,006	$5,952,548,515
AUZ	Australian Mines Ltd	0.008	14%	1,827,594	$9,789,585

Yesterday’s Small Cap Winners included:

Petratherm (ASX:PTR) was climbing quickly on Wednesday morning on news that mapping, surface sampling, and re-assaying of historic drilling has discovered high-grade titanium rich heavy mineral sands (HMS) over several kilometres at the Muckanippie Project, southwest of Coober Pedy in South Australia.

Melbana Energy (ASX:MAY) says that initial development of Unit 1B from the Alameda-2 well has been formally approved and is on track for Q1 2025. The company reported that it has received construction approval for the next Unit 1B well pad, and there are additional pads progressing through the permitting process.

Cauldron Energy (ASX:CXU) jumped on news that each of the first four holes drilled at the company’s Manyingee South uranium target have intersected mineralisation, “defining a thick, high-grade mineralisation along a continuous 1.5km strike length, open in all directions”.

Visionflex Group (ASX:VFX) climbed following a market update on three recent developments, including an agreement with Royal Flying Doctor Service (RFDS) Victoria to provide a virtual health solution and a trial agreement with Kha Loc Medical, a leading medical equipment distributor in Vietnam, with the first shipment already dispatched.

XReality Group (ASX:XRG) – formerly Indoor Skydive Australia – was up on news that the company has signed a US$5.6 million deal with the US Department of Defense to deliver a new immersive training capability and includes supplying Operator XR system licenses along with R&D services.

Up the top end of town, Mineral Resources (ASX:MIN) announced after hours yesterday that it has received unconditional approval from the the Foreign Investment Review Board for the sale of a 49% interest in the Onslow Iron haul road (Haul Road) to investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) for total expected proceeds of $1,300 million.

Earlier, Invion (ASX:IVX) reported this morning that the company has been granted Human Research Ethics Committee (HREC) approval for its open label Phase I/II trial on patients with non-melanoma skin cancers (NMSC) using topical INV043. The company has secured all the necessary regulatory approvals for patient screening, treatment and follow-up, which are expected to commence from next month.

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
GCR	Golden Cross	0.002	-33%	2,016	$3,291,768
IEC	Intra Energy Corp	0.001	-33%	49,000	$2,536,172
VPR	Voltgroupltd	0.001	-33%	992,525	$16,074,312
AUR	Auris Minerals Ltd	0.005	-29%	103,000	$3,336,382
AKN	Auking Mining Ltd	0.006	-25%	3,793,786	$2,549,496
AOK	Australian Oil.	0.003	-25%	4,984,877	$3,778,561
NTM	Nt Minerals Limited	0.003	-25%	38,903	$4,069,612
NGS	NGS Ltd	0.025	-24%	18,999	$3,670,683
NXD	Nexted Group Limited	0.115	-23%	139,926	$33,227,516
EPX	Ept Global Limited	0.018	-22%	1,231,303	$13,860,788
ADG	Adelong Gold Limited	0.004	-20%	4,200,784	$5,589,945
AVE	Avecho Biotech Ltd	0.002	-20%	5,000	$7,923,243
BNL	Blue Star Helium Ltd	0.004	-20%	1,727,104	$9,724,426
BYH	Bryah Resources Ltd	0.004	-20%	30,000	$2,516,434
ECT	Env Clean Tech Ltd.	0.002	-20%	37,000	$7,929,526
EMP	Emperor Energy Ltd	0.008	-20%	311,759	$3,897,148
LML	Lincoln Minerals	0.004	-20%	88,750	$10,281,298
TKM	Trek Metals Ltd	0.030	-19%	2,836,510	$18,998,496
CC9	Chariot Corporation	0.115	-18%	136,431	$12,547,900
NIS	Nickelsearch	0.015	-17%	150,000	$4,512,837
ICG	Inca Minerals Ltd	0.005	-17%	310,000	$4,863,219
LNR	Lanthanein Resources	0.003	-17%	109,102	$7,330,908
PRM	Prominence Energy	0.005	-17%	480	$1,868,258

TRADING HALTS

Carnavale Resources (ASX:CAV) – pending release of an announcement regarding a capital raising.

Vysarn (ASX:VYS) – pending an announcement in relation to a potential material acquisition and capital raising.

At Stockhead, we tell it like it is. This article does not constitute financial product advice. You should seriously consider obtaining independent advice before making any financial decisions.