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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 October 23, 2024 – an important date in the history of plastic surgery.
That’s because it was on this day in 1814 that England’s first-ever ‘nose job’ was performed by Joseph Carpue, a skilled surgeon and anatomy fanatic who had read about the procedure being done in India, and felt like having a crack at it himself.
Carpue’s patient was an unnamed army officer (he had a name… but no one bothered to write it down when he had the surgery) whose nose had basically fallen off, a result of long-term mercury sniffing prescribed to him to battle a liver complaint, because medicine back then was not well understood.
The interesting thing about the procedure – which was performed by taking flaps of skin from the patient’s cheeks to reconstruct the nose entirely without anaesthesia – was that it had been quite common in India for hundreds of years prior.
According to rhinoplasty historians, the procedure first appears in literature back around the 6th Century CE, because it had been fashionable then to cut someone’s nose off if they did something immoral.
The procedure had been imported into Europe well before Carpue decided to try his hand at it, cropping up in Italy during the mid 1500s thanks to Bolognese surgeon Gaspare Tagliacozzi.
Anyway, Carpue made his patient a new nose in about 20 minutes of frantic, scream-riddled surgical work, and by all accounts it was enough to leave his patient quite happy with the result.
Luckily, you won’t have to have your face rearranged without any painkillers 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$2,735.40/oz (+0.57%)
Silver: US$34.14/oz (+1.07%)
Iron Ore: US$101.60/t (-0.20%)
Nickel (3mth): US$16,713/t (-0.38%)
Copper (3mth): US$9,420/t (-0.87%)
Zinc: US$3,122/t (+1.33%)
Oil (WTI): US$69.86/bbl (-0.85%)
Oil (Brent): US$74.07/bbl (flat)
AUD/USD: 0.6684 (+0.45%)
Bitcoin: US$66,987 (-2.18%)
WHAT GOT YOU TALKING
Record gold prices are sparking a new gold rush in the west. Here’s Josh Chiat’s look at why the lure of $4,000/oz shiny stuff has prospectors packing up and heading for WA.
“Dirt flying in every direction”: With record prices, gold fever is firing up prospecting in WA’s Goldfields. https://t.co/2ErWnvZaNR
— Stockhead (@StockheadAU) October 22, 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 |
|---|---|---|---|---|---|
| MHC | Manhattan Corp Ltd | 0.002 | 100% | 9,977,361 | $4,497,970 |
| PRX | Prodigy Gold NL | 0.004 | 75% | 96,617,579 | $4,664,912 |
| MTB | Mount Burgess Mining | 0.002 | 50% | 500,000 | $1,298,147 |
| PUA | Peak Minerals Ltd | 0.007 | 40% | 48,117,351 | $12,485,551 |
| NVU | Nanoveu Limited | 0.066 | 38% | 70,339,736 | $24,236,289 |
| ENT | Enterprise Metals | 0.004 | 33% | 819,874 | $3,534,952 |
| SIS | Simble Solutions | 0.004 | 33% | 450,000 | $2,260,352 |
| SLZ | Sultan Resources Ltd | 0.008 | 33% | 6,366,273 | $1,185,519 |
| TX3 | Trinex Minerals Ltd | 0.002 | 33% | 750,000 | $2,742,978 |
| MM1 | Midasmineralsltd | 0.105 | 31% | 153,502 | $8,282,374 |
| MME | Moneyme Limited | 0.138 | 25% | 2,641,222 | $88,008,632 |
| ERA | Energy Resources | 0.005 | 25% | 14,182,743 | $88,593,197 |
| IVX | Invion Ltd | 0.003 | 25% | 3,144,387 | $13,533,183 |
| TMK | TMK Energy Limited | 0.003 | 25% | 858,699 | $15,183,224 |
| TZN | Terramin Australia | 0.100 | 23% | 3,206,306 | $171,441,580 |
| AQI | Alicanto Min Ltd | 0.032 | 23% | 5,242,657 | $19,451,717 |
| PLT | Plenti Group Limited | 0.800 | 23% | 476,937 | $113,958,885 |
| EOF | Ecofibre Limited | 0.049 | 23% | 229,423 | $15,154,956 |
| NOU | Noumi Limited | 0.290 | 21% | 707,309 | $66,506,237 |
| ARD | Argent Minerals | 0.027 | 20% | 30,091,115 | $31,766,365 |
| FHS | Freehill Mining Ltd. | 0.006 | 20% | 1,000,000 | $15,392,639 |
| GTI | Gratifii | 0.006 | 20% | 3,251,643 | $10,745,981 |
| SNG | Siren Gold | 0.130 | 18% | 3,986,853 | $22,789,128 |
Yesterday’s Small Cap Winners included:
Prodigy Gold (ASX:PRX) was up on news that it’s received “excellent” results for the Reverse Circulation drilling program completed during September at the Hyperion gold deposit, where it has found intercepts such as 25 metres @ 2.2g/t Au from 66m, 15 metres @ 3.1g/t Au from 152m and 15 metres @ 2.1g/t Au from 48m.
Nanoveu (ASX:NVU) was up on news that its current takeover target, EMASS, had completed benchmark testing for its ECS-DOT SoC (System on Chip) chipset, achieving 20x lower energy consumption compared to peers, and “setting a new benchmark for ultra-low power performance in edge AI applications”. Nanoveu is currently in the process of acquiring 100% of EMASS, subject to shareholder approval.
MONEYME (ASX:MME) was up on news it has executed its first asset-backed securities deal in the auto asset class, with the MME Autopay ABS 2024-1 Trust – the second ABS transaction in FY25 and the largest term securitisation deal to date for the company. The Aaa (sf) and AAA (sf) credit ratings for the Class A1 and Commission notes represent 72.4% of the collateralised notes, “reflecting strong credit quality and performance of the Autopay loans,” says MoneyME boss Clayton Howes.
Siren Gold (ASX:SNG) was rising on news that an Ionic Leach soil sampling program at Auld Creek has revealed that the gold and antimony mineralisation previously announced by the company extends for at least 1.5km and is open to the north and south. The ionic leach anomalies are coincident with two parallel conductive anomalies 100m apart that extend for 1.5km and are also open to the north and south.
Gratifii (ASX:GTI) was up after releasing a positive quarterly report this morning, showing 1Q FY25 cash receipts of $8.31 million, an increase of 32.7% over previous quarter and 14.4% over previous corresponding quarter. That’s put the company in a cashflow positive position, improving by about $1.1 million from 4Q FY24 supported by the increase in cash receipts and reduced investment in inventory.
Plenti Group (ASX:PLT) climbed after the company announced unaudited 1H25 Cash NPAT of $5.5 million, which is a massive increase of 260% on PCP. The company says its loan portfolio has increased to $2.28 billion, 14% above PCP and 3% above prior quarter alongside loan originations of $323.3 million, 11% above PCP and 7% above prior quarter.
Black Dragon Gold (ASX:BDG) was rising on no news, and was suspended by the ASX about 10 minutes before 1pm.
MRG Metals (ASX:MRQ) was up on news that Fotinho exploration licence 11000 has been granted over a newly identified, high potential 19,865.18 ha Thorium and Rare Earth Element (REE) district in Mozambique, where historical exploration showed the presence of monazite and highly elevated Th and REE grades, with Th assays >1,000 ppm in soil and panned heavy mineral concentrate and 559 ppm in rock.
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 |
|---|---|---|---|---|---|
| AFA | ASF Group Limited | 0.020 | -33% | 35,000 | $23,771,926 |
| CHM | Chimeric Therapeutic | 0.010 | -32% | 18,842,165 | $12,672,098 |
| DOU | Douugh Limited | 0.009 | -31% | 10,786,472 | $14,066,896 |
| NXS | Next Science Limited | 0.135 | -31% | 2,998,063 | $56,971,246 |
| BPM | BPM Minerals | 0.085 | -29% | 5,148,174 | $10,064,666 |
| YAR | Yari Minerals Ltd | 0.003 | -25% | 1,169,845 | $1,929,431 |
| NSM | Northstaw | 0.015 | -25% | 2,853,029 | $5,453,530 |
| CRR | Critical Resources | 0.007 | -22% | 828,717 | $17,673,153 |
| AS1 | Asara Resources Ltd | 0.021 | -22% | 2,218,135 | $26,909,828 |
| BEO | Beonic Ltd | 0.028 | -20% | 1,642,746 | $22,256,926 |
| TFL | Tasfoods Ltd | 0.012 | -20% | 110,840 | $6,556,433 |
| DBO | Diabloresources | 0.020 | -20% | 504,116 | $2,576,786 |
| AKN | Auking Mining Ltd | 0.004 | -20% | 1,545,076 | $1,835,323 |
| AMD | Arrow Minerals | 0.002 | -20% | 12,772,010 | $32,559,069 |
| AMM | Armada Metals | 0.009 | -18% | 817,374 | $2,288,000 |
| FSG | Field Solu Hldgs Ltd | 0.018 | -18% | 425,318 | $17,015,780 |
| IS3 | I Synergy Group Ltd | 0.005 | -17% | 774,335 | $2,137,307 |
| ODE | Odessa Minerals Ltd | 0.005 | -17% | 5,973,190 | $7,609,695 |
| OVT | Ovanti Limited | 0.023 | -15% | 75,219,524 | $42,021,405 |
| ACM | Aus Critical Mineral | 0.082 | -15% | 113,193 | $3,391,320 |
| ILA | Island Pharma | 0.150 | -14% | 529,373 | $26,994,689 |
TRADING HALTS
BPH Global (ASX:BP8) – pending an announcement in relation to a proposed acquisition.
Lotus Resources (ASX:LOT) – pending an announcement regarding a capital raise.
Pursuit Minerals (ASX:PUR) – pending the release of an announcement to the market regarding a capital raise.
Tolu Minerals (ASX:TOK) – pending an announcement in relation to an equity raising by way of a placement.
Reward Minerals (ASX:RWD) – pending the release of an announcement in relation to a capital raising.
Beam Communications (ASX:BCC) – pending an announcement in respect to the unsuccessful outcome of the arbitration relating to the ZOLEO Inc. joint venture between the company and its joint venture partner.
At Stockhead, we tell it like it is. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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