Hump day is upon us once more, and that means two things – we’re a few short hours away from the ASX opening for another round of frantic trading mayhem, and a few slightly longer hours away from some dope firing a nail gun through their foot on The Block.
While there’s no way of prepping yourself for the second of those stunning Wednesay highlights – because it’s unlikely to happen (but a man can dream…) – you can definitely start filling your noggin with important info before the ASX opens.
For starters, you should definitely read Josh Chiat’s not to be missed report on what Joe “Mr Lithium” Lowry had to say to the good folks at the Vertical Events New World Metals Conference in Melbourne, including his view that lithium oversupply is on the cards, but “I’ll be dead before it happens”.
His words, not mine… just in case “something weird” happens.
And Christian’s got Selfwealth’s list of the top ASX gainers for August, and why UBS says sell them. Sell them all.
Eddy, somewhat randomly, took a shine to Select Harvet’s presentation and went his own way to bring this lovely story about how almonds are made. And why you might like to look at some other agri stocks.
As always, there’s the fiddly bits of data that we all like to peer myopically at while stroking our beards and murmuring sagely – and here they are for today:
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1913.10 (-0.45%)
Silver: US$23.05 (-0.06%)
Nickel (3mth): US$19,865/t (-3.03%)
Copper (3mth): US$8,392.50/t (-0.11%)
Oil (WTI): US$88.84 (+1.78%)
Oil (Brent): US$92.04 (+1.55%)
Iron 62pc Fe: US$120.33/t (+1.78%)
AUD/USD: 0.6428 (+0.02%)
Bitcoin: US$25,994.27 (+3.26%)
WHAT GOT YOU TALKING
Apparently, Christian’s not a huge fan of Apple iPhones. Either that, or he’s jealous because his own phone still requires a crank handle and an even crankier switchboard operator. Anyway – he did a thing about Apple’s iPhone 15 launch, and it’s a corker. (The story, not the phone).
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 |
|---|---|---|---|---|---|
| EDE | Eden Inv Ltd | 0.003 | 50% | 9,324,140 | $6,727,274 |
| AXP | AXP Energy Ltd | 0.002 | 33% | 3,315,000 | $8,737,021 |
| DXN | DXN Limited | 0.002 | 33% | 34,987,429 | $2,585,010 |
| KEY | KEY Petroleum | 0.002 | 33% | 20,440,488 | $2,951,892 |
| KNM | Kneomedia Limited | 0.004 | 33% | 1,600,000 | $4,514,356 |
| MTH | Mithril Resources | 0.002 | 33% | 1,500,050 | $5,053,207 |
| OMX | Orangeminerals | 0.04 | 33% | 42,290 | $1,490,021 |
| M2M | Mtmalcolmminesnl | 0.033 | 32% | 469,140 | $2,558,588 |
| CNW | Cirrus Net Hold Ltd | 0.0535 | 30% | 36,373,691 | $38,130,262 |
| CTQ | Careteq Limited | 0.027 | 29% | 1,422,799 | $4,664,580 |
| NVO | Novo Resources Corp | 0.25 | 25% | 2,243,889 | $7,500,000 |
| DCX | Discovex Res Ltd | 0.0025 | 25% | 1,000,000 | $6,605,136 |
| EMU | EMU NL | 0.0025 | 25% | 50,000 | $2,900,043 |
| ID8 | Identitii Limited | 0.016 | 23% | 2,868,136 | $4,505,988 |
| SRT | Strata Investment | 0.19 | 23% | 62,000 | $26,260,654 |
| WCN | White Cliff Min Ltd | 0.011 | 22% | 5,499,526 | $11,313,167 |
| WGR | Westerngoldresources | 0.039 | 22% | 282,130 | $3,255,032 |
| MOB | Mobilicom Ltd | 0.0085 | 21% | 7,102,984 | $9,286,737 |
| KLI | Killiresources | 0.064 | 21% | 796,600 | $3,157,478 |
| DVL | Dorsavi Ltd | 0.012 | 20% | 248,333 | $5,566,616 |
| T92 | Terrauraniumlimited | 0.115 | 20% | 660,001 | $4,954,095 |
| AKP | Audio Pixels Ltd | 11.8 | 19% | 5,071 | $289,179,990 |
| ACM | Aus Critical Mineral | 0.425 | 18% | 2,502,318 | $10,703,250 |
| CNQ | Clean Teq Water | 0.41 | 17% | 532,124 | $20,256,803 |
| AOA | Ausmon Resorces | 0.0035 | 17% | 1,100,000 | $2,907,868 |
Yesterday’s Small Caps standouts were:
Debutant James Bay Minerals (ASX:JBY) has announced itself as a significant new name in lithium, rising strongly on its first day on the ASX and bringing with it one of the largest exploration portfolios in Canada’s prolific James Bay lithium district.
Totalling ~224km2, James Bay Minerals’ (ASX:JBY) Joule, Aero and Aqua properties are located in the ‘La Grande’ sub-province, along trend from the Corvette deposit, where Patriot Battery Metals (ASX:PMT) has an inferred MRE of 109.2Mt @ 1.42% Li2O and 160ppm Ta2O5.
The Troilus project is further to the south, only 5km north of Sayona Mining’s (ASX:SYA) Moblan lithium project and near Winsome Resources’ (ASX:WR1) Sirmac-Clappier project.
JBY also boasts an embarrassment of Aussie lithium royalty, including exec director Andrew Dornan (ex-Pilbara Minerals, Tianqi Lithium, Fortescue, and Rio), and Ontario-based non exec chair Gerard O’Donovan – also managing director of Battery Age Minerals and also ex-Pilbara, and former Nemaska director Judy Baker and Dean Ercegovic, founding director and CEO of lithium plant builder Primero Group.
Everyone loves a comeback story, and the COVID-era anti-bacteria maker Zoono Group (ASX:ZNO) pulled off a bit of a one, up 38%.
ZNO is a local biotech which makes and sells super-dooper, inhouse ‘scientifically-proven, environmentally-friendly anti-microbial solutions’ which come in the guise of various sprays, wipes and foams – suited for skin care, surface sanitizers, food wraps and the lot.
Anyway, the firm’s been cutting deep and targeting new markets. So despite posting a fine FY23 loss in its 4E report, it was much less than expected. They’ve got a few promising irons in the fire around the world, including trials with a major European supermarket chain focused on increasing the shelf life of fresh food and other products sold in its supermarkets are nearing completion, with expectations of product sales to that supermarket in Q4 this year. In store trials are now commencing.
Zoono’s also targeting the Early Childcare education sector in China. Trials have been arranged for 11 centres in Guangzhou through a group which runs more than 4,000 centres in China.
But it’s Nickelsearch (ASX:NIS), that continued to own Tuesday.
The nickel-now-lithium aspirant jumped on news of a collaboration with Allkem (ASX:AKE), owner and operator of the Mt Cattlin lithium mine, 10km from the Carlingup Nickel Project.
Under the terms Allkem will review the lithium-related data for Carlingup and advise on target generation and prioritisation.
“The arrangement is not yet at the level of a formal lithium joint venture and there is no guarantee that the technical collaboration will lead to a formal agreement in the future,” Nickelsearch says.
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 |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.001 | -50% | 1,014,094 | $20,529,010 |
| MEB | Medibio Limited | 0.001 | -50% | 1,439,115 | $12,201,488 |
| ERD | Eroad Limited | 0.695 | -35% | 172,494 | $120,984,925 |
| XTC | Xantippe Res Ltd | 0.001 | -33% | 1,112,999 | $26,292,008 |
| OLI | Oliver'S Real Food | 0.017 | -26% | 2,842,278 | $10,136,834 |
| MCT | Metalicity Limited | 0.0015 | -25% | 33,340,250 | $7,472,172 |
| TYM | Tymlez Group | 0.003 | -25% | 225,000 | $4,952,781 |
| MSG | Mcs Services Limited | 0.018 | -25% | 409,800 | $4,754,392 |
| RCE | Recce Pharmaceutical | 0.5 | -23% | 1,097,327 | $115,865,302 |
| TZL | TZ Limited | 0.017 | -23% | 100 | $5,648,679 |
| KOB | Kobaresourceslimited | 0.075 | -21% | 100,021 | $10,014,583 |
| MRI | Myrewardsinternation | 0.012 | -20% | 628,088 | $6,399,507 |
| RMX | Red Mount Min Ltd | 0.004 | -20% | 4,852,170 | $12,621,755 |
| FTC | Fintech Chain Ltd | 0.013 | -19% | 170,266 | $10,412,313 |
| LBT | LBT Innovations | 0.014 | -18% | 715,760 | $6,030,144 |
| NAG | Nagambie Resources | 0.024 | -17% | 801,797 | $16,870,063 |
| CLU | Cluey Ltd | 0.1 | -17% | 109,791 | $24,193,628 |
| ME1 | Melodiol Glb Health | 0.005 | -17% | 3,464,557 | $17,683,922 |
| ROG | Red Sky Energy. | 0.005 | -17% | 979,965 | $31,813,363 |
| STP | Step One Limited | 0.535 | -16% | 54,860 | $118,617,786 |
| GSM | Golden State Mining | 0.037 | -16% | 2,323,458 | $8,407,884 |
| TOR | Torque Met | 0.3 | -15% | 1,816,966 | $34,448,148 |
| WC8 | Wildcat Resources | 0.3 | -15% | 15,200,431 | $236,294,235 |
| AFL | Af Legal Group Ltd | 0.165 | -15% | 58,514 | $15,319,477 |
| GHY | Gold Hydrogen | 0.205 | -15% | 670,049 | $13,661,526 |
TRADING HALTS
SRJ Technologies Group (ASX:SRJ) – Capital raising.
PainChek (ASX:PCK) – Capital raising.
Pental (ASX:PTL) – Proposed material transaction.