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Good morning everyone, and welcome to 13 February, 2024.

To help get your day off to a flying start, you should eat a decent breakfast… remembering that CocoPops don’t count, unless you offset them by eating approximately 18 tons of assorted citrus fruits, and a handful of roughly chopped fresh spinach leaves, and all of that wrapped in bacon.

You should also take the time to read Josh Chiat’s illuminating piece on a common investor’s dream of hitting a 10 bagger, and Rob Badman’s been out to lunch, and written a story about Chinese food. Bless him…

Plus, here’s some words and numbers to keep you busy while you wait for your ninth cup of coffee for the morning does what it does best, in case you missed how the local markets did yesterday.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,023.73 (-0.57%)

Silver: US$22.777 (+0.76)

Nickel (3mth): US$15,668.00/t (-0.55%)

Copper (3mth): US$8,091.50/t (-0.46%)

Oil (WTI): US$76.59 (-0.33%)

Oil (Brent): US$81.96 (-0.28%)

Iron 62pc Fe: US$128.75/t (-0.25%)

AUD/USD: 0.6518 (-0.03%)

Bitcoin: US$48,132.90 (-0.43%)

 

WHAT GOT YOU TALKING

Big news from Stanmore Resources had tongues a-wagglin’ yesterday – here’s the story, in case you missed it.

 

 

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 Company Price % Volume MARKET CAP
GCR Golden Cross 0.003 50% 6,232 $2,194,512
LSR Lodestar Minerals 0.003 50% 330,000 $4,046,795
INV Investsmart Group 0.155 48% 5,000 $14,981,451
ARR American Rare Earths 0.235 47% 12,360,008 $71,427,728
FTC Fintech Chain Ltd 0.014 27% 5,000 $7,158,465
EVR Ev Resources Ltd 0.0145 26% 11,751,185 $12,645,266
NC6 Nanollose Limited 0.03 25% 871,854 $4,128,153
CHK Cohiba Min Ltd 0.0025 25% 851,571 $5,060,460
DOU Douugh Limited 0.005 25% 2,658,864 $4,328,276
IEC Intra Energy Corp 0.0025 25% 10,000,000 $3,381,563
REE Rarex Limited 0.02 25% 3,634,248 $10,934,185
SI6 SI6 Metals Limited 0.005 25% 9,095,107 $7,975,438
SCL Schrole Group Ltd 0.185 23% 12,294 $5,393,257
IPB IPB Petroleum Ltd 0.011 22% 2,619,233 $5,086,102
KGD Kula Gold Limited 0.011 22% 485,383 $3,808,907
MEM Memphasys Ltd 0.011 22% 1,091,660 $12,094,729
AD8 Audinate Group Ltd 19.3 20% 720,273 $1,332,234,641
BRN Brainchip Ltd 0.27 20% 21,346,959 $406,308,304
AMD Arrow Minerals 0.006 20% 21,039,366 $17,368,825
AUZ Australian Mines Ltd 0.012 20% 43,879,697 $10,657,537
M4M Macro Metals Limited 0.003 20% 468,000 $6,167,694
TMR Tempus Resources Ltd 0.006 20% 10,164 $3,654,994
WRK Wrkr Ltd 0.033 20% 1,467,473 $34,968,698
AZL Arizona Lithium Ltd 0.025 19% 29,147,445 $79,515,346
TKM Trek Metals Ltd 0.04 18% 1,657,226 $17,444,613
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Yesterday’s Small Cap Winners included:

American Rare Earths (ASX:ARR) was way out in front of the game on Monday morning, despite not having any news for the ASX today – possibly on the heels of Friday’s investor presentation, and late news that chairman Ken Traub has been replaced by non-executive director Richard Hudson. Traub is set to remain on the board as a non-executive director.

But that seems kinda unlikely, given that 99.9% of the time, shuffling of the board is roundly ignored by investors, especially in the absence of any really juicy gossip – but the company did respond to a Please Explain from the ASX with a cheerful “We don’t know either” about the sudden surge in price.

Appen (ASX:APX) climbed on news that the company has finalised details of additional measures to mitigate the impact of the loss of a material customer contract.

On 22 January, Appen was dealt a major blow when Google told the company that it would no longer require its services, bringing work between the two companies to a halt on or before 19 March 2024 – a huge blow for Appen, as Google’s contract was worth $82.8 million at a gross margin of 26% in FY23.

Battery metals explorer Australian Mines (ASX:AUZ) went soaring late in the day without any news to explain why, as did RareX (ASX:REE) – but with tin and silver the only metals and/or industrials showing any signs of positive movement in commodities, it could have been something obscure getting very valuable today, or it could just have been the wind…

And Nanollose (ASX:NC6) lifted through the afternoon, on news that it has received the first purchase order for 340kg of the company’s Nullarbor-20 fibre, with the order coming from Orta Anadolu Ticaret Ve Sanayi İşletmesi, which is apparently “a leader in clothing sustainability”. (Turkish jeans are bloody comfy, though.)

 

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 Company Price % Volume MARKET CAP
HCL Highcom Ltd 0.17 -47% 2,677,555 $32,858,455
GRE Greentechmetals 0.205 -40% 4,301,374 $28,587,192
GCR Golden Cross 0.002 -33% 50,000 $3,291,768
ICL Iceni Gold 0.033 -27% 376,031 $11,095,247
ADS Adslot Ltd. 0.0015 -25% 400,000 $6,448,991
ABE Ausbondexchange 0.03 -25% 308,911 $4,506,725
NYM Narryermetalslimited 0.034 -24% 801,305 $2,159,711
STX Strike Energy Ltd 0.325 -23% 74,799,827 $1,202,134,861
ERW Errawarra Resources 0.059 -20% 1,150,223 $7,098,130
88E 88 Energy Ltd 0.004 -20% 28,588,575 $123,627,103
EM2R Eagle Mountain - Rights 23-Feb-24 0.004 -20% 100,000 $381,209
LNU Linius Tech Limited 0.002 -20% 1,636 $12,348,102
MCT Metalicity Limited 0.002 -20% 882,616 $11,212,634
SI6 SI6 Metals Limited 0.004 -20% 2,704,000 $9,969,297
EG1 Evergreenlithium 0.093 -19% 21,335 $6,466,450
ICR Intelicare Holdings 0.013 -19% 2,061 $3,757,192
KGL KGL Resources Ltd 0.115 -18% 292,947 $79,420,861
AQX Alice Queen Ltd 0.005 -17% 96,292 $4,145,905
CT1 Constellation Tech 0.0025 -17% 1,051,983 $4,424,201
FAU First Au Ltd 0.0025 -17% 65,000 $4,985,980
NRZ Neurizer Ltd 0.005 -17% 1,130,752 $8,483,465
OAR OAR Resources Ltd 0.0025 -17% 348,861 $7,931,183
TEG Triangle Energy Ltd 0.02 -17% 16,875,366 $33,637,099
TMR Tempus Resources Ltd 0.005 -17% 999,753 $4,385,992
NSX NSX Limited 0.021 -16% 88,951 $10,035,507
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TRADING HALTS

Comet Resources (ASX:CRL) –  pending an announcement to the ASX in relation to a proposed capital raising.

Greenstone Resources (ASX:GSR) – pending an announcement to the market in relation to a proposed material transaction.

Norwest Minerals (ASX:NWM) – pending the release of an announcement concerning an acquisition of tenements and capital raising.

Elixinol Global (ASX:EXL) – pending an announcement to the ASX in connection with a capital raising.

Singular Health Group (ASX:SHG) – pending an announcement in respect of a capital raising.

Nova Eye Medical (ASX:EYE) – pending an announcement in relation to a proposed capital raising.

PainChek (ASX:PCK) – pending an announcement regarding a capital raise.

Horizon Minerals (ASX:HRZ) – pending an announcement regarding in relation to a proposed material transaction.

Fletcher Building (ASX:FBU) – pending the release of the company’s half-year results on Wednesday 14 February.

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