Good morning everyone, and welcome to Thump Day, which is kinda the same as Hump Day, except there’s more thumping (which, naturally, means an increase in lumping as well).

The week’s been pretty okay so far on the ASX – nothing to write home about (a postcard is fine…) – but still enough of a kick-along to remind a lot of us why it is that we enjoy being driven slowly mad by gambling money on things we can’t actually fully control.

But what we can do is make educated decisions about which companies we’re going to throw out hard-earned miserably-valued Aussie dollars at, through a task known as “reading”.

As there’s no point reading stuff that doesn’t exist, the Stockhead team has stepped up to the plate to deliver words – many, many words – carefully arranged in a particular rule-based order so they make sense to (hopefully) most of you, and you can use them to try and spot value early, and often.

For instance, Christian Edwards has been writing his little socks off to bring you the complete skinny on the most ridiculously successful IPO right now. That’s Vietnamese EV maker, VinFast which in two weeks has grown to be the world’s third-largest EV maker.

Josh Chiat’s digging deep into the miners in just the way he knows you like it.

If you’re still rubbing the sleep from your eyes, though, here’s a breadcrumb trail of data to lead you to where you’re going to want to be, when the bell rings to say that the ASX is open and the good times have started to roll.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,937.21 (+0.91%)

Silver: US$24.69 (+1.81%)

Nickel (3mth): US$20,685/t (-0.53%)

Copper (3mth): US$8,455/t (+1.19%)

Oil (WTI): US$81.33  (+1.53%)

Oil (Brent): US$83.80 (-0.73%)

Iron 62pc Fe: US$108.65/t (+1.76%)

AUD/USD: 0.6479  (-0.03%)

Bitcoin: US$27,660.42 (+6.45%)

 

WHAT GOT YOU TALKING

For some unfathomable reason, quite a few of you were just a little bit interested in what MinRes supremo Chris Ellison had to say about the unrelenting awesomeness of good ol’ Aussie lithium.

 

 

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
GCX GCX Metals Limited 0.042 50% 5,239,300 $5,201,803
CLE Cyclone Metals 0.0015 50% 150,038 $10,264,505
VAL Valor Resources Ltd 0.004 33% 224,750 $11,485,004
EML EML Payments Ltd 0.985 32% 11,653,182 $278,618,176
ANP Antisense Therapeut. 0.068 31% 3,229,650 $46,880,338
REZ Resourc & En Grp Ltd 0.019 27% 3,908,236 $7,497,087
AON Apollo Minerals Ltd 0.035 25% 13,913,604 $14,744,321
BXN Bioxyne Ltd 0.015 25% 111,865 $22,819,745
OLI Oliver'S Real Food 0.015 25% 100,689 $5,288,783
ADS Adslot Ltd. 0.005 25% 15,714 $13,066,471
APC Aust Potash Ltd 0.005 25% 4,623,669 $4,154,749
CYQ Cycliq Group Ltd 0.005 25% 667,588 $1,430,067
INP Incentiapay Ltd 0.01 25% 617,350 $10,120,509
MXC Mgc Pharmaceuticals 0.0025 25% 3,980 $7,784,719
NNG Nexion Group 0.02 25% 113,906 $3,236,926
SPA Spacetalk Ltd 0.031 24% 794,967 $7,781,073
TMG Trigg Minerals Ltd 0.021 24% 281,458 $3,423,539
SYA Sayona Mining Ltd 0.11 21% 208,334,607 $936,689,937
RMC Resimac Grp Ltd 1.05 20% 434,429 $351,419,548
AVM Advance Metals Ltd 0.006 20% 150,000 $2,942,794
EEL Enrg Elements Ltd 0.006 20% 151,492 $5,049,825
LNU Linius Tech Limited 0.003 20% 501,000 $10,574,477
PUA Peak Minerals Ltd 0.003 20% 550,000 $2,603,442
SKN Skin Elements Ltd 0.006 20% 162,143 $2,847,430
MBK Metal Bank Ltd 0.049 20% 159,001 $11,335,906
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Yesterday’s Small Caps standouts were:

GCX Metals (ASX:GCX), flying 78.5% higher this morning has ended with around a 50% gain on news that it has entered into a binding conditional agreement to acquire the Dante nickel-copper-platinum group elements project located in the West Musgrave region of Western Australia.

Dante contains advanced large-scale magmatic Ni-Cu-PGE targets and PGE-Au Reef targets, including about 23km of outcropping mineralised strike grading an average of 1.1g/t PGE3ii, 1.13% V2O5, and 23.2% TiO2, with grades up to 3.4g/t PGE3.

Valor Resources (ASX:VAL) rose 33%, still basking in the cracking acquisition by Firetail Resources of a circa 80% stake in Valor’s Peru-based Picha and Charaque Copper Projects. Valor says the deal will streamline its global portfolio, allowing it to focus on its high-potential uranium and rare earth assets in Canada’s Athabasca Basin.

Resources & Energy Group (ASX:REZ) revealed that gold processing is about to kick off at East Menzies Gold Field, with the company’s ore from Maranoa identified as a prime candidate for the vat leach gold production campaign.

The campaign will initially treat 5000 tonnes of ore with a diluted grade of ~4.6g/t Au, and – once that’s up and running – REZ will get cracking on developing a larger-scale vat leach campaign to treat additional shallow resources which have been identified at the Maranoa (8,000oz) and Goodenough (43,000oz) gold deposits.

Outside the diggers, a performance of note came from the self-coined ‘alternative residential mortgage lender’ Resimac (ASX:RMC) which rose strongly after a positive outlook for its mortgage market compelled traders to give it a go, despite dropping an after tax profit down 35 %.

RMC said it was optimistic of a turnaround following 12 months of interest rate rises and that the competitive loan market looked likely to drop off in intensity since interest expenses pretty much tripled off the back of the central bank’s psycho hiking policies.

 

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
CCE Carnegie Cln Energy 0.001 -33% 37,314 $23,463,861
OAK Oakridge 0.12 -31% 12,500 $3,009,244
NMR Native Mineral Res 0.041 -27% 1,934,104 $9,426,402
TYM Tymlez Group 0.003 -25% 4,192,000 $4,952,781
GAP Gale Pacific Limited 0.175 -24% 797,049 $63,570,400
KNO Knosys Limited 0.04 -20% 655,950 $10,806,935
AL8 Alderan Resource Ltd 0.008 -20% 932,110 $6,166,946
TOY Toys R Us 0.008 -20% 1,616,567 $9,229,180
EXR Elixir Energy Ltd 0.066 -20% 5,495,534 $76,410,659
VGL Vista Group Int Ltd 1.4 -19% 33,045 $406,338,032
WYX Western Yilgarn NL 0.18 -18% 458,938 $10,924,651
BC8 Black Cat Syndicate 0.22 -17% 3,473,505 $70,722,260
EZZ EZZ Life Science 0.54 -17% 376,734 $27,758,250
AMD Arrow Minerals 0.0025 -17% 797,802 $9,071,295
HLX Helix Resources 0.005 -17% 1,017,568 $13,938,875
AM7 Arcadia Minerals 0.096 -17% 117,464 $12,044,824
MEL Metgasco Ltd 0.011 -15% 146,123 $13,830,528
HMI Hiremii 0.039 -15% 900,062 $5,393,760
PL3 Patagonia Lithium 0.14 -15% 63,001 $8,085,578
CI1 Credit Intelligence 0.115 -15% 78,571 $11,272,387
ANR Anatara Ls Ltd 0.029 -15% 117,347 $4,077,415
PSC Prospect Res Ltd 0.094 -15% 1,817,286 $50,848,541
RHK Red Hawk Mining Ltd 0.68 -14% 4,525 $134,234,619
ABC Adbri Limited 2.345 -14% 3,277,601 $1,790,122,948
MRZ Mont Royal Resources 0.18 -14% 42,008 $17,281,936
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TRADING HALTS

SQX Resources (ASX:SQX): Pending an announcement relating to changes at Board level.

Australian Pacific Coal (ASX:AQC):  Pending news of a capital raise.

Dominion Minerals (ASX:DLM):  Pending announcements in relation to the option to acquire the land on which the Georgia Lime Project is located; and a potential corporate acquisition.

Northern Minerals (ASX:NTU): Pending the release of an announcement in connection with an equity raising to be undertaken by way of an institutional placement.

88 Energy (ASX:88E): Pending an announcement by the Company in relation to the shortfall placement.

Ardea Resources (ASX:ARL): Pending the release of the results of an equity raising.

Rincon Resources (ASX:RCR): Pending the release of an announcement  in relation to a capital raising.

Eden Innovations (ASX:EDE): Pending the release of an announcement  in relation to a capital raising.

Elmore (ASX:ELE): Requested to allow the Company to finalise discussions in relation to extending the due dates for several of its loans and the postponement of the General Meeting due to be held on Wednesday 30 August 2023.

Next Science (ASX:NXS): Pending an announcement by Next Science in relation to a capital raising by way of a placement and a share purchase plan.

 

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