Good morning everyone, and welcome to October 22, 2024 – an important date in the history of religious hubris.

That’s because it was on this day in 1844 that the Millerite Adventists – who honestly believed that their interpretation of the Bible was 100% accurate and that every other interpretation was utterly sinful – began their wait for the second coming of Jesus Christ.

As far as I know, they’re still waiting.

Luckily, you won’t have to be stood up for a date with Jesus 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$2,732.15/oz (+0.40%)

Silver: US$34.08/oz (+1.10%)

Iron Ore: US$103.10/t (+1.40%)

Nickel (3mth): US$16,777/t (2.47%)

Copper (3mth): US$9,502/t (+1.26%)

Zinc: US$3,081/t (+2.47%)

Oil (WTI): US$69.57/bbl (+0.27%)

Oil (Brent): US$73.30/bbl (+0.18%)

AUD/USD: 0.6715 (+0.01%)

Bitcoin: US$68,24570.43 (-0.18%)

 

WHAT GOT YOU TALKING

Big news on the osteo-health front, as Tim Boreham explores what’s happening for Paradigm Biopharmaceuticals in the very near future.

 

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
PUA Peak Minerals Ltd 0.005 150% 124,483,121 $4,994,221
YRL Yandal Resources 0.200 100% 5,368,984 $26,780,761
DOU Douugh Limited 0.013 44% 39,440,249 $9,738,620
TZN Terramin Australia 0.077 40% 2,107,883 $116,410,950
CAV Carnavale Resources 0.004 33% 33,508,449 $12,270,655
EXL Elixinol Wellness 0.004 33% 3,074,199 $4,680,214
GCR Golden Cross 0.004 33% 1,450,332 $3,291,768
ODE Odessa Minerals Ltd 0.006 33% 12,030,707 $5,707,271
TZL TZ Limited 0.065 33% 1,686,170 $12,572,573
BML Boab Metals Ltd 0.170 31% 5,289,318 $30,341,364
VR1 Vection Technologies 0.013 30% 68,609,049 $13,265,890
POD Podium Minerals 0.049 26% 2,882,841 $17,735,124
LRV Larvottoresources 0.525 25% 8,320,185 $133,454,923
88E 88 Energy Ltd 0.003 25% 3,727,876 $57,867,624
EVR Ev Resources Ltd 0.005 25% 20,400 $5,585,086
RIL Redivium Limited 0.005 25% 28,008 $10,987,419
SS1 Sun Silver Limited 1.100 21% 2,485,509 $77,281,978
RXL Rox Resources 0.180 20% 3,673,148 $61,589,293
ERL Empire Resources 0.003 20% 805,599 $3,709,783
ARD Argent Minerals 0.022 19% 32,589,598 $25,990,662
USL Unico Silver Limited 0.340 19% 2,910,119 $100,636,470
IVR Investigator Res Ltd 0.051 19% 13,611,481 $68,321,822
AYA Artryalimited 0.450 18% 321,557 $29,926,517
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Yesterday’s Small Cap Winners included:

Yandal Resources (ASX:YRL) was rising quickly on news that the first assay results from the twelve hole, 2,400m RC program completed across New England Granite structural targets in early October have been received. The results showed 78m @ 1.2 g/t Au from 96m to end-of-hole in 24IWBRC0039, including 5m @ 3.2g/t Au from 102m, and 5m @ 2.8g/t Au from 139m. The remaining results from this drill program are expected over the next 2-4 weeks.

Vection Technologies (ASX:VR1) was rising on news that it has partnered with IT giant Dell to launch its AI-based ‘Algho’ platform, securing its first sale of $500,000. The company says the launch is “testament to the value and potential of Vection’s acquisition of TDB” – the acquisition TDB, which supplied the generative AI layer which powers Vection’s ‘Algho’ platform, goes before shareholders for approval on Monday 28 October.

Carnavale Resources (ASX:CAV) was up on news that it has commenced an extensional drilling program at the high-grade Swiftsure deposit within the Kookynie Gold Project is underway, testing extensions to the Swiftsure bonanza gold grade shoots that contain zones of +30g/t within the resource. The company says it will monitor the drilling carefully and modify the program to chase the best mineralisation as it is encountered.

Elixinol Wellness (ASX:EXL) was up on news that it will be consolidating its securities, from 1.56 billion to a somewhat more manageable 195 million, with the process to be voted on as part of the company’s AGM later this month.

TZ (ASX:TZL) was up on news that it’s entered into a Heads of Agreement to acquire Proptech company, Keyvision Holdings – a “high margin, recurring revenue proptech company that provides Tenant Experience Apps for the property sector: Residential; Commercial; Retail; Aged Care and Community Groups”, according to the announcement.

Quickfee (ASX:QFE) was up after releasing a quarterly business update, revealing quarterly revenue of $5.6 million, up 33% on pcp. The increase was driven by “strong growth in the core Finance product in both Australia and the US”, and has the company set for an expected FY25 EBTDA in the range of $1.5 -$2.5 million, with a stronger second half-year.

Kaiser Reef (ASX:KAU) climbed on news that it has received firm commitments for a Placement of Kaiser shares at $0.15 per share to raise $8 million (before costs) to complete the last stage of the A1 Mine production plan. The funds have been earmarked for completion of the A1 Mine ramp up and expansion for high-grade gold production, and the resumption of drilling at the A1 Mine.

Vital Metals’ (ASX:VML) news was an AGM announcement, and Peak Minerals’ (ASX:PUA) news was a response to an ASX speeding ticket on price and volume.

Environmental Clean Technologies (ASX:ECT) was up on news of the signing of a Joint Venture Agreement with ESG Agriculture, advancing from the Heads of Agreement signed in July 2024. The company says it marks a significant milestone in the progression of the COLDry Lignite-Nitrogen Fertiliser Project.

TMK Energy (ASX:TMK) was up on news that the first of the three additional pilot production wells at the Gurvantes XXXV Coal Seam Gas (CSG) Project, being drilled as part of the 2024 drilling program, has been successfully drilled to a total depth of 480m and has intersected approximately 60m of net coal, which is “as per prognosis and consistent with the existing three surrounding pilot production wells”.

 

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
SI6 SI6 Metals Limited 0.00 -50% 2,416,374 $4,737,719
VPR Voltgroupltd 0.00 -50% 2,038,273 $21,432,416
KLI Killiresources 0.09 -39% 12,692,995 $20,332,443
NSM Northstaw 0.02 -37% 2,929,485 $5,627,152
PRX Prodigy Gold NL 0.00 -33% 55,800 $6,997,367
IBG Ironbark Zinc Ltd 0.00 -25% 1,054,353 $7,334,591
JAV Javelin Minerals Ltd 0.00 -25% 1,021,834 $17,107,385
SFG Seafarms Group Ltd 0.00 -25% 64,214 $19,346,397
CC9 Chariot Corporation 0.22 -21% 402,980 $25,095,801
PXX Polarx Limited 0.01 -20% 1,874,265 $23,755,010
PRS Prospech Limited 0.03 -19% 871,266 $9,381,460
PPG Pro-Pac Packaging 0.03 -18% 1,004,583 $6,904,133
NME Nex Metals Explorat 0.03 -18% 122,891 $10,891,118
KCC Kincora Copper 0.04 -17% 366,663 $9,475,223
VTI Vision Tech Inc 0.10 -17% 10,865 $6,604,376
BPP Babylon Pump 0.01 -17% 75,000 $14,997,294
BUY Bounty Oil & Gas NL 0.01 -17% 5,351,166 $8,991,006
H2G Greenhy2 Limited 0.01 -17% 300,000 $3,589,105
LPD Lepidico Ltd 0.00 -17% 1,905,339 $25,767,375
POS Poseidon Nick Ltd 0.01 -17% 870,138 $25,223,253
PRM Prominence Energy 0.01 -17% 820 $2,335,058
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TRADING HALTS 

Corella Resources (ASX:CR9) – pending the release of announcement in relation to Board and Management changes.

HeraMED (ASX:HMD) – pending an announcement by HeraMED regarding a proposed capital raise.

Patagonia Lithium (ASX:PL3) – for the purpose of considering and executing a proposed capital raising.

Suvo Strategic Minerals (ASX:SUV) – pending an announcement regarding a capital raising.

Great Western Exploration (ASX:GTE) – pending the release of an announcement to the market regarding a fund raising.

Belararox (ASX:BRX) – pending an announcement regarding a proposed capital raise.

Nutritional Growth Solutions (ASX:NGS) – pending the release of an announcement regarding a capital raise by way of a placement to institutional and sophisticated investors.

Dateline Resources (ASX:DTR) – to allow the company the time necessary to finalise a detailed report in regard to the Company’s 100% owned Colosseum Gold-REE Project.

New Age Exploration (ASX:NAE) – pending an announcement in connection with a material capital raising.

PYC Therapeutics (ASX:PYC) – pending an announcement to the market in relation to the ongoing Retinitis Pigmentosa type 11 clinical trials.

True North Copper (ASX:TNC) – pending release of an announcement regarding an update in relation to proposed financing arrangements.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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