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

Good morning everyone, and welcome to 14 February, 2024 – a day on the calendar that every rose-grower and chocolatier the world over has been hanging out for, so they can price-gouge the lovelorn and set themselves up for the next 12 months.

Quick reminder to anyone banking on Long Stem Roses futures that you probably should have disposed of them yesterday and converted them to Chocolate Eggs ahead of Easter – unless you’re super-keen to get in very early on the late October pumpkin rush ahead of the usual Halloween crowd.

Before you race off to hurriedly make plans for a very romantic burger and chips at Hungry Jacks – because by now it’s probably the only place in town you’ll be able to book a decent table – you should get ready for what’s promising to be an interesting day on the ASX.

To help you prep, we’ve got Christian’s look at the ASX sectors most likely to make you feel good, an up close and personal with Andrew Page from Strawman.com on spotting a 10-bagger, and some rock-solid reporting from the inimitable Josh Chiat, who is currently weathering the heat at the RIU Explorers Conference.

Plus, here’s some words and numbers to keep you busy while you wait for your chocolate and rose guy to come through with the last-minute goods to keep you outta the Valentine’s Day doghouse.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,018.86 (-0.06%)

Silver: US$22.70 (-0.18)

Nickel (3mth): US$15,751.50/t (+0.19%)

Copper (3mth): US$8,065.40/t (-0.08%)

Oil (WTI): US$77.04 (+0.14%)

Oil (Brent): US$82.07 (-0.01%)

Iron 62pc Fe: US$128.75/t (+0.35%)

AUD/USD: 0.6517 (-0.16%)

Bitcoin: US$49,876.60 (-0.12%)

WHAT GOT YOU TALKING

Good news for people who are into iron ore, and making loads of money – the party’s far from over, according to this guy.

Why ‘ten-bagger’ and ‘iron ore’ can still go together. | #ASX #ironore #copper https://t.co/dbdhXwOe2D

— Stockhead (@StockheadAU) February 12, 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	Company	Price	%	Volume	MARKET CAP
FAU	First Au Ltd	0.004	60%	18,525,382	$4,154,983
NVQ	Noviqtech Limited	0.003	50%	807,186	$2,618,891
PRX	Prodigy Gold NL	0.006	50%	14,405,487	$7,004,431
NRZ	Neurizer Ltd	0.007	40%	7,336,599	$7,069,554
TTI	Traffic Technologies	0.009	29%	385,049	$5,303,691
BOC	Bougainville Copper	0.535	26%	144,098	$170,451,563
CTN	Catalina Resources	0.005	25%	1,450,000	$4,953,948
OPN	Oppenneg	0.01	25%	2,332,266	$9,033,437
VML	Vital Metals Limited	0.005	25%	427,949	$23,580,268
DAF	Discovery Alaska Ltd	0.023	21%	5,500	$4,450,459
AHN	Athena Resources	0.003	20%	3,668,000	$2,676,169
AQX	Alice Queen Ltd	0.006	20%	15,402,461	$3,454,921
CHK	Cohiba Min Ltd	0.003	20%	1,000,000	$6,325,575
TIG	Tigers Realm Coal	0.006	20%	5,868,300	$65,333,512
KIN	KIN Min NL	0.074	19%	5,406,667	$73,045,334
BNL	Blue Star Helium Ltd	0.013	18%	27,266,702	$21,364,918
ODE	Odessa Minerals Ltd	0.007	17%	1,166,666	$6,259,695
RGS	Regeneus Ltd	0.007	17%	20,000	$1,838,621
NKL	Nickelxltd	0.044	16%	1,054,906	$3,336,976
PCL	Pancontinental Energ	0.022	16%	12,988,061	$153,281,983
SYA	Sayona Mining Ltd	0.044	16%	165,710,082	$391,145,249
ATS	Australis Oil & Gas	0.015	15%	1,937,469	$16,599,252
AUZ	Australian Mines Ltd	0.015	15%	42,202,918	$13,854,798
ICR	Intelicare Holdings	0.015	15%	400,601	$3,052,718
SOV	Sovereign Cloud Hldg	0.053	15%	198,096	$15,612,431

Yesterday’s Small Cap Winners included:

Dateline Resources (ASX:DTR) was well out in front Tuesday morning, after the company reported hitting wide, high grade gold during drilling at its Colosseum Gold Project in San Bernardino County, California, with the highlight being 70.1m @ 6.53g/t Au in drill hole CM23-14 Inc. 25.9m @ 15.31g/t Au.

IncentiaPay (ASX:INP) was also tracking well in early trade, after the company delivered its half-yearly report after hours on Monday evening, showing that while revenue has faltered -6.41% to 8,674,712 in PCP, the company has managed to turn around Loss from ordinary activities after tax attributable to members by 80.6% to $3,236,540, compared to $16,707,381 on PCP.

And a takeover deal in the works pushed Ansarada (ASX:AND) higher, after the company entered into a Scheme Implementation Deed with Datasite, an entity owned by funds managed by CapVest, to acquire 100% of the fully diluted share capital in Ansarada at $2.50 cash per share, which implies an equity value of A$236.3 million and represents a premium of 19.0% to the last closing price of A$2.10 per share.

Hammer Metals (ASX:HMX) took off like a jackrabbit around lunchtime, rushing through +37% before going into a trading halt, ahead of announcing drilling results from one of its copper interests in the Mt Isa region of Queensland.

BrainChip Holdings (ASX:BRN) also enjoyed a sizeable jump during the day, responding to an ASX “Please Explain” with “nothing to see here”, leaving the company’s 19% leap a total mystery…

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