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

If you’re reading this, then you have made it all the way to Thursday. Celebratory cakes and lukewarm tea will be made available in the break room from 10:00am until 10:15am, and the caterers are under strict instruction to ensure that it is one small cake per person, no exceptions.

That includes you, Liam. We do not want a repeat of last time, because there’s simply no money left in the budget to have the doors to the toilet stall furthest from the door re-installed if you get stuck in there again.

For the rest of you, there’s a big day ahead of us, and the market is all set to open on time this morning, so you all need to be prepared.

Thus, you are required to read Eddy Sunarto’s detailed wrap up of what’s been happening (and what’s due to happen soon) on the IPO front.

Christian Edwards has put an enormous amount of effort into bringing you British semiconductor company Arm’s IPO.

You should definitely read that because Christian gets a little pouty when you don’t, and – as you’re all very well aware – when Christian gets upset, things tend to “spontaneously” catch fire around the office.

Lastly, Bevis “Bevo” Yeo and Jess “Jess Cummins” Cummins have joined forces to deliver a plea from the CSIRO to get decarbonisation at the highest possible priority.

For those of you with early morning meetings scheduled, here’s an at-a-glance-ish run down of the important stuff from yesterday, so you’ve got at least some context for telling your in-laws to invest in whatever “sure thing” you’re feeling confident about today.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,917.25 (+1.04%)

Silver: US$24.32 (+3.97%)

Nickel (3mth): US$20,980/t (+2.32%)

Copper (3mth): US$8,454/t (+1.09%)

Oil (WTI): US$78.74 (-1.13%)

Oil (Brent): US$83.03 (-1.19%)

Iron 62pc Fe: US$107.47/t (+0.66%)

AUD/USD: 0.6479 (+0.2%)

Bitcoin: US$26,507 (+2.19%)

WHAT GOT YOU TALKING

4DS Memory (ASX:4DS) was the talk of the town yesterday, after delivering news of a game-changing breakthrough for the little Aussie memory mob.

After sneaking into a #trading halt on Monday arvo, #shares of the peculiar little Aussie nano-innovator 4DS Memory (#ASX:$4DS) have literally exploded out of the gate, showering investors in a nigh 150% improvement. https://t.co/N3UfPfx4A8

— Stockhead (@StockheadAU) August 23, 2023

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
SIH	Sihayo Gold Limited	0.002	100%	127,998	$12,204,256
4DS	4Ds Memory Limited	0.13	97%	111,595,790	$107,747,853
RDN	Raiden Resources Ltd	0.0205	71%	255,272,889	$24,663,227
AJQ	Armour Energy Ltd	0.135	53%	267,395	$9,074,570
AL8	Alderan Resource Ltd	0.01	43%	940,805	$4,316,863
NZS	New Zealand Coastal	0.002	33%	5,411,293	$2,481,015
PRX	Prodigy Gold NL	0.007	27%	4,008,856	$9,631,093
BPP	Babylon Pump & Power	0.005	25%	1,893,000	$9,831,085
EDE	Eden Inv Ltd	0.005	25%	4,436,140	$11,987,881
HNR	Hannans Ltd	0.01	25%	955,228	$21,796,838
NC6	Nanollose Limited	0.069	23%	200,145	$8,337,637
DRX	Diatreme Resources	0.027	23%	3,572,020	$82,054,701
MYE	Metarock Group Ltd	0.14	22%	2,726	$34,613,990
ZLD	Zelira Therapeutics	1.12	22%	7,304	$10,439,383
IGN	Ignite Ltd	0.06	20%	2,004,800	$4,479,109
FAU	First Au Ltd	0.003	20%	800,000	$3,629,983
GMN	Gold Mountain Ltd	0.0095	19%	4,598,134	$18,152,629
WYX	Western Yilgarn NL	0.255	19%	1,496,869	$10,676,363
CKA	Cokal Ltd	0.13	18%	684,937	$118,684,388
JGH	Jade Gas Holdings	0.041	17%	538,032	$35,217,147
HOR	Horseshoe Metals Ltd	0.014	17%	295,617	$7,721,744
OAU	Ora Gold Limited	0.007	17%	47,491,653	$28,138,770
RDS	Redstone Resources	0.007	17%	1,150,000	$5,228,271
YPB	YPB Group Ltd	0.0035	17%	250,124	$2,230,384
ODM	Odin Metals Limited	0.022	16%	291,700	$14,233,320

Yesterday’s Small Caps standouts were:

Closing at almost +100%, Aussie semiconductor-friendly 4DS Memory (ASX:4DS) took the small cap cake, ate it and then laughed at the other kids in a massive performance critics called “actual massive”.

Also killing it softly was Raiden Resources (ASX:RDN) on news the digger’s found a ~3.5km long, 600m wide pegmatite field at its Andover South tenements with individual pegmatites outcropping up to 30m widths.

The Andover South project, if you’ve not been paying attention, is right next door to where Azure Minerals (ASX:AZS) has been drilling out lithium for fun just lately. Wake-riding and nearology a-go-go.

As Stockhead’s gallant crypto-commods guru and man about town Robert Badman noted, Raiden has completed its latest fact-finding mission, confirming the go-ahead to acquire an 80% interest in five more lithium tenements – nearby the privately held Welcome Exploration project and, yes, adjoining the stupendously-hot-right-now Azure Minerals Andover lithium discovery in the Pilbara.

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
DXN	DXN Limited	0.001	-50%	3,250,000	$3,446,680
EMU	EMU NL	0.001	-50%	2,050,000	$2,900,043
CLE	Cyclone Metals	0.001	-33%	124,843	$15,396,757
MRQ	Mrg Metals Limited	0.002	-33%	195,000	$6,557,756
MXC	Mgc Pharmaceuticals	0.002	-33%	3,144,438	$11,677,079
CVB	Curvebeam Ai Limited	0.33	-31%	4,862,968	$87,774,718
EEL	Enrg Elements Ltd	0.005	-29%	3,810,714	$7,069,755
VAL	Valor Resources Ltd	0.003	-25%	24,799,245	$15,313,339
FTL	Firetail Resources	0.135	-23%	915,155	$16,843,750
MRI	Myrewardsinternation	0.012	-20%	4,520,689	$5,831,275
CTO	Citigold Corp Ltd	0.004	-20%	1,096,125	$14,368,295
ENT	Enterprise Metals	0.004	-20%	224	$3,997,355
SRY	Story-I Limited	0.004	-20%	500,000	$1,882,024
WTC	Wisetech Global Ltd	70.16	-19%	3,902,793	$28,735,464,293
ESK	Etherstack PLC	0.3	-19%	329,967	$48,750,091
AKG	Academies Aus Grp	0.265	-18%	160,123	$43,099,702
TOY	Toys R Us	0.009	-18%	5,399,977	$10,152,099
JCS	Jcurve Solutions	0.035	-17%	157,766	$13,790,424
AVM	Advance Metals Ltd	0.005	-17%	212,388	$3,531,352
LRL	Labyrinth Resources	0.005	-17%	1,104,218	$7,125,262
M4M	Macro Metals Limited	0.0025	-17%	524,535	$5,961,233
MCT	Metalicity Limited	0.0025	-17%	12,942,828	$11,208,257
PUA	Peak Minerals Ltd	0.0025	-17%	304	$3,124,130
SGC	Sacgasco Ltd	0.005	-17%	2,512,973	$4,641,496
SKN	Skin Elements Ltd	0.005	-17%	1,311,694	$3,416,917