Good gracious me, is it Friday already? I dunno about you guys, but this entire week has just flown on by in a blizzard of percentages, incredible news and a thin, delectable veneer of scurrilous gossip that I’d love to share with you, but won’t.

Partially because it’s not nice to talk about people behind their back, but mostly because I don’t fancy trying to explain to my landlord that the real reason I can’t afford the outrageous rent hike she’s asking for is because I was stupid enough to suggest that [redacted] CEO and MD of [redacted] is frantically trying to quell rumours that they’ve been arrested at [redacted] petting zoo, allegedly [redacted] with a gaggle of [redacted].

Which is as hilarious as it is disgusting, but not quite so hilarious that I was able to keep from being fired.

However, there’s loads that we can bring you this morning, including a look into what’s happening in the wacky world of weed, with Eddy Sunarto.

Meanwhile Josh Chiat’s been bending the ear of Lion Selection Group’s Hedley Widdup for insights into the rest of the market, and Bevis “The Bevinator” Yeo brings his prodigious knowledge of the energy market to the table as well.

As always, there’s some very specific data to digest this morning, so without further ado, here it is…



Gold: US$1,916.34 (+0.11%)

Silver: US$24.13 (-0.79%)

Nickel (3mth): US$20,810/t (-0.70%)

Copper (3mth): US$8,361/t (-0.70%)

Oil (WTI): US$78.96 (+0.09%)

Oil (Brent): US$83.20 (-0.01%)

Iron 62pc Fe: US$107.82/t (+0.33%)

AUD/USD: 0.6414  (+0.5%)

Bitcoin: US$26,095 (-1.43%)



It feels like everyone’s on the hunt for some new friends, so it’s no surprise that our IPO wrap caught quite a few eyes yesterday.




Here are the best performing ASX small cap stocks:

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Code Company Price % Volume Market Cap
ERW Errawarra Resources 0.2 67% 8,363,560 $7,260,480
CCE Carnegie Cln Energy 0.0015 50% 4,452,378 $15,642,574
CLE Cyclone Metals 0.0015 50% 102,570 $10,264,505
ICR Intelicare Holdings 0.015 36% 54,131 $2,298,069
GCR Golden Cross 0.004 33% 10,492 $3,291,768
SIS Simble Solutions 0.008 33% 865,636 $3,617,704
TYM Tymlez Group 0.004 33% 2,704,604 $3,714,586
VAL Valor Resources Ltd 0.004 33% 550,000 $11,485,004
RDN Raiden Resources Ltd 0.025 32% 187,314,207 $39,050,110
SBR Sabre Resources 0.044 29% 810,690 $9,910,530
BP8 Bph Global Ltd 0.0025 25% 895,821 $2,669,460
CTO Citigold Corp Ltd 0.005 25% 3,529 $11,494,636
LSA Lachlan Star Ltd 0.01 25% 463,299 $10,552,102
MXC Mgc Pharmaceuticals 0.0025 25% 110,180 $7,784,719
PIL Peppermint Inv Ltd 0.01 25% 2,363,239 $16,302,855
TOY Toys R Us 0.01 25% 1,551,710 $7,383,344
WRK Wrkr Ltd 0.027 23% 909,718 $27,974,959
OSL Oncosil Medical 0.011 22% 1,363,312 $17,782,570
IGN Ignite Ltd 0.073 22% 534,469 $5,374,931
EPY Earlypay Ltd 0.18 20% 1,276,609 $43,489,304
AVM Advance Metals Ltd 0.006 20% 2,187,309 $2,942,794
MOM Moab Minerals Ltd 0.012 20% 4,570,451 $6,819,635
PNX PNX Metals Limited 0.003 20% 348,494 $13,451,562
TKL Traka Resources 0.006 20% 1,899,998 $4,356,646
FTL Firetail Resources 0.155 19% 327,889 $12,512,500
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Yesterday’s Small Caps standouts were:

Best of the tiddlers on Thursday was  the niche hunter of halloysite kaolin, Andromeda Metals (ASX:ADN)which jumped nicely on news of an updated Definitive Feasability Study for its Great White Project (GWP), at Streaky Bay on the Eyre Peninsula in South Australia.

The Great White Project Net Present Value (NPV) has apparently increased by 65% to $1,010m, and average annual earnings before interest tax depreciation and amortisation (EBITDA) is up by circa 60% to $130mn.

“The 2023 DFS represents the outcome of a rigorous commercial and business strategy review for commercialising our construction ready project, to meet rising market demand,” said Bob Katsiouleris, CEO and managing director of Andromeda.

Black Mountain Energy (ASX:BME), dropped news of being cash-richer by circa $10.7m, and the stock jumped by more than a third, following the sale of 100% of its acreage and its title and interest in the MIA 64 FEE 2H well in the Permian basin.

BME dropped about US$2 million for the site in January of this year, spent about US$1.4 million poking around the project, before off-loading it for a weirdly precise US$6,873,308 this week.

Math guru Gregor (me) reckons that makes for a 102% profit, but he’s as good with numbers as he is at swallowing cars, so it might be worth double-checking.

Carrying on up the ASX was Wednesday’s warrior Raiden Resources (ASX:RDN) on the news that it’s all over an outcropping and interpreted pegmatites of up to 30m width at surface at its prized Andover South project. Yes, it’s the one right next door to all the excitement at Azure Minerals (ASX:AZS).

And it didn’t take long for Errawarra Resources (ASX:ERW), to find another 20% after merely flying a helicopter over its E47/4352 tenement in the West Pilbara region of Western Australia.

Yes. Errawarra’s tenement is next door and along strike from the Azure/Raiden pegmatite finds. It’s all coming together.



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
EMS Eastern Metals 0.038 -27% 668,015 $3,460,071
1AG Alterra Limited 0.007 -22% 3,592,243 $6,268,973
GIB Gibb River Diamonds 0.028 -22% 110,000 $7,614,340
OPN Oppenneg 0.011 -21% 362,500 $15,633,515
RNX Renegade Exploration 0.008 -20% 2,540,655 $9,531,238
THR Thor Energy PLC 0.004 -20% 7,173,116 $7,296,457
JDO Judo Cap Holdings 1.025 -19% 9,910,998 $1,398,482,638
HIQ Hitiq Limited 0.024 -17% 792,247 $7,736,599
HVY Heavymineralslimited 0.125 -17% 75,941 $6,350,288
IVX Invion Ltd 0.005 -17% 629,642 $38,529,793
LML Lincoln Minerals 0.005 -17% 97,899 $8,524,271
LNU Linius Tech Limited 0.0025 -17% 30,362 $12,689,372
RBR RBR Group Ltd 0.0025 -17% 989 $4,855,214
SI6 SI6 Metals Limited 0.005 -17% 36,964 $11,963,157
ABE Ausbondexchange 0.13 -16% 231,032 $6,006,731
MRI Myrewardsinternation 0.011 -15% 1,144,997 $5,053,772
CI1 Credit Intelligence 0.14 -15% 495,846 $13,777,361
FRX Flexiroam Limited 0.023 -15% 2,790,211 $17,933,176
ELE Elmore Ltd 0.003 -14% 12,661,699 $4,897,843
SIO Simonds Grp Ltd 0.155 -14% 63,564 $64,783,161
NGS NGS Ltd 0.013 -13% 832,218 $3,768,411
TTT Titomic Limited 0.02 -13% 1,579,624 $19,909,816
BFC Beston Global Ltd 0.007 -13% 4,328,254 $15,976,375
BVR Bellavistaresources 0.14 -13% 79,521 $6,075,602
GW1 Greenwing Resources 0.175 -13% 29,374 $34,554,171
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Antipa Minerals (ASX:AZY): Proposed capital raise

Opthea (ASX:OPT): Proposed capital raise

VRX Silica (ASX:VRX) : Proposed capital raise

BCAL Diagnostics (ASX:BDX): Concerning a share placement

Halo Food (ASX:HLF): Concerning a material announcement regarding HLF’s strategic review

Melbana Energy (ASX:MAY): Pending an announcement in relation to the current drilling program being conducted in Block 9, Cuba

Zenith Minerals (ASX:ZNC): Pending the release of an announcement in respect of a sale of a project