Good morning. If you’re reading this, it means that you’ve survived Wednesday and (hopefully) you’re in good enough shape to get through today, nap through Friday and then hit the weekend with enough left in the tank to enjoy what is shaping up as the last pleasant weekend in Australia before the nation heats up to the temperature of the sun, and we all get slowly broiled.

There’s a bit happening on the markets today, as divvy week starts getting serious thanks to some of the ASX’s bigger names start handing out free money.

Companies like Breville (ASX:BRG), which is delivering $0.155 per share, and Brambles (ASX:BXB) which has $0.218 per share to hand over, will no doubt be making shareholders marginally richer throughout today.

Tomorrow will see some solid payouts as well, from the likes of EQT Holdings (ASX:EQT) which has $0.50 a pop on the table, and Cash Converters International (ASX:CCV) which is offering up $0.01 per share, because “it’s the best we can offer”, and “the market’s flooded with divvies at the moment, so those shares will just sit on a shelf for ages”.

In terms of stuff to read today, we’ve got you covered – Josh Chiat’s got all the gossip about the WNA uranium demand forecast, Cam Drummond has a dive into what’s happening to little companies while world governments tip more and more money into battery metals, and we’ve updated Mike Cooper’s seminal piece on everything you want to know about defence stocks, but were afraid to ask because they’re all very heavily armed.

As usual, here are all the bits and pieces from here and there yesterday – and happy hunting today.



Gold: US$1908.57 (-0.25%)

Silver: US$22.83 (-1.20%)

Nickel (3mth): US$20,150/t (+1.14%)

Copper (3mth): US$8,394/t (+0.04%)

Oil (WTI): US$88.81 (-0.03%)

Oil (Brent): US$92.14 (+0.09%)

Iron 62pc Fe: US$120.53/t (+0.17%)

AUD/USD: 0.6423 (+0.05%)

Bitcoin: US$26,260 (+1.55%)



The story behind a handful of Health stocks going legitimately bananas this week caught everyone’s eye, apparently – probably because it’s super interesting, and quite a number of people will have done very, very well because of it all.




Here are the best performing ASX small cap stocks:

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Code Company Price % Volume Market Cap
CLE Cyclone Metals 0.0015 50% 494,336 $10,264,505
MEB Medibio Limited 0.0015 50% 1,105,000 $6,100,744
TMR Tempus Resources Ltd 0.024 41% 1,287,019 $5,301,250
MTH Mithril Resources 0.002 33% 150,000 $5,053,207
PTL Pental Ltd 0.405 29% 1,295,975 $53,694,742
PPY Papyrus Australia 0.028 27% 140,000 $10,836,487
JBY James Bay Minerals 0.375 25% 5,891,307 $9,733,500
MRD Mount Ridley Mines 0.0025 25% 2,473,592 $15,569,766
SPX Spenda Limited 0.01 25% 2,438,848 $29,371,377
8VI 8Vi Holdings Limited 0.13 24% 2,666 $4,400,699
PUR Pursuit Minerals 0.011 22% 7,225,877 $26,495,743
PEB Pacific Edge 0.11 22% 14,501 $72,964,540
SPL Starpharma Holdings 0.1575 21% 7,818,927 $53,364,100
ELE Elmore Ltd 0.006 20% 1,592,303 $6,996,919
PRX Prodigy Gold NL 0.006 20% 499,500 $8,755,539
BDT Birddog 0.13 18% 204,969 $21,831,931
CHW Chilwaminerals 0.175 17% 3,000 $6,881,250
ECG Ecargo Hldg 0.035 17% 41,224 $18,457,500
JNO Juno 0.07 17% 472,030 $8,139,480
A3D Aurora Labs Limited 0.028 17% 675,368 $5,899,394
ECT Env Clean Tech Ltd. 0.007 17% 6,215,587 $17,085,331
GCR Golden Cross 0.0035 17% 200,000 $3,291,768
STA Strandline Res Ltd 0.145 16% 6,517,928 $182,820,529
STP Step One Limited 0.58 16% 116,820 $92,670,146
AFL Af Legal Group Ltd 0.19 15% 25,075 $12,962,634
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Yesterday’s Small Caps standouts were:

Shares in naughty metals explorer  Tempus Resources (ASX:TMR) absolutely surged, jumping almost 50% in the space of a few hours this morning on a distinct lack of news, before the ASX Highway cops steeped in, took them down and the shares were placed in restraining cuffs and put in a halt.

Tempus’ has gold exploration licences in Canada as well as some gold and copper prospects in Ecuador. The stock had shed almost its own bodyweight since clocking an all-time weigh-in high of 37¢ back in late 2020.

Shares were last traded at 2.4¢.

Pental (ASX:PTL) has made some bold moves since popping out of its own Trading Halt. The home, hygiene and e-commerce product developer and supplier is offloading its Consumer Products Business and a great big factory in beautiful Shepparton to none other than Selley’s, which some of you may recall is in the paints ‘n stuff business as part of Dulux Group.

The sale price is a cool $60m and comes with an exciting payout for punters:

  1. A fully franked special dividend ‘of up to approximately 6 cents per share expected to be paid on or around 15 December 2023’
  2. An intended capital return ‘of up to approximately 18 cents per share (aggregate of $30.7 million) subject to shareholder approval at Pental’s 2023 annual general meeting and tax advice (expected to be paid on or around 15 December 2023)’;
  3. And an additional fully franked special dividend ‘of up to approximately 7 cents per share (aggregate of $11.9 million) to be paid 8 months after completion of the Proposed Transaction.’

And that’ll be in addition to Pental’s otherwise enormous fully franked dividend of 1 cent per share.

Unsurprisingly, Pental’s directors unanimously recommend that Pental shareholders vote in favour of the sale,  in the absence of a better offer.

Up 40% near the close.

James Bay Minerals (ASX:JBY) is finding life as a listed concern a piece of lithium pie. On day 2 the Canada-facing lithium explorer is doing what it did yesterday, climbing unsteadily, but definitely climbing –  it was up circa 28% near the close, now almost double its $0.20 listing price.

Starpharma (ASX:SPL) is up over 22% on news that interim data from the Phase 1/2 clinical trial of DEP irinotecan shows that the drug prompts durable responses for up to 72 weeks in CRC patients receiving DEP irinotecan monotherapy, with a disease control rate (DCR) of 48%.

The clinical data was obtained from heavily pre-treated, advanced metastatic colorectal cancer (CRC) or platinum-resistant/refractory ovarian cancer patients. and will be presented at an upcoming key international oncology conference.

Additionally, SPL says the data shows a 100% disease control rate in patients receiving DEP irinotecan in combination with 5-fluorouracil (5-FU) and leucovorin (LV).

So… it works.



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
FRE Firebrickpharma 0.063 -81% 31,068,947 $37,459,686
NXMR Nexus Minerals Ltd 0.001 -50% 934,841 $130,181
MXC Mgc Pharmaceuticals 0.002 -33% 166,734 $13,283,905
FAU First Au Ltd 0.003 -25% 10,000 $5,807,973
KNM Kneomedia Limited 0.003 -25% 1,600,000 $6,019,141
NIS Nickelsearch 0.045 -25% 15,781,416 $5,737,823
92E 92Energy 0.27 -23% 2,806,783 $37,231,286
EXT Excite Technology 0.007 -22% 2,272,169 $10,433,176
MEL Metgasco Ltd 0.009 -18% 6,053,895 $11,702,754
AUA Audeara 0.041 -18% 55,000 $7,165,000
E25 Element 25 Ltd 0.29 -17% 1,110,419 $76,135,617
PNX PNX Metals Limited 0.0025 -17% 200,000 $16,141,874
PUA Peak Minerals Ltd 0.0025 -17% 190,113 $3,124,130
SIS Simble Solutions 0.005 -17% 100,000 $3,617,704
SIT Site Group Int Ltd 0.0025 -17% 27,625,474 $7,807,471
TMX Terrain Minerals 0.005 -17% 4,160,308 $6,499,196
E33 East 33 Limited. 0.021 -16% 1,583,103 $12,977,217
SRR Saramaresourcesltd 0.022 -15% 238,373 $1,462,583
XST Xstate Resources 0.011 -15% 26,892 $4,179,749
YOJ Yojee Limited 0.011 -15% 10,568,492 $14,757,659
PRM Prominence Energy 0.017 -15% 1,701,293 $2,424,618
ENV Enova Mining Limited 0.006 -14% 322,518 $3,420,632
IEC Intra Energy Corp 0.006 -14% 905,070 $11,345,471
LRL Labyrinth Resources 0.006 -14% 350,000 $8,312,806
LSR Lodestar Minerals 0.006 -14% 959,667 $14,146,281
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Tempus Resources (ASX:TMR) – Pending a speeding ticket and assay results

Magnum Mining (ASX:MGU)Pending an announcement regarding a capital raise

Loyal Lithium (ASX:LLI) – Pending an announcement regarding a potential capital raise

Wildcat Resources (ASX:WC8) – Pending the release of an announcement regarding material exploration results