"And so, after 9 years of study to get a PhD in Theoretical Animal Husbandry, Jack proved to the world that his Magic Bean Theory was correct, with this stunning crop of goats." Pic via Getty Images.
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Good morning, and welcome to Friday morning, which should (fingers-crossed) have started around midnight last night, unless something terrible has happened and the entire world has been vaporised by radical environmentalists who piloted the planet directly into the sun, to protect it from those heartless, cruel mining types.
However, if you’re reading this, then that scenario probably hasn’t panned out, so in case it didn’t, our team here has been writing all day and all night to get some ripping yarns onto the site for today, including stories about why Bevis has Got Gas (never gets old), while Rob Badman chats the ears off Animoca’s CFO but still doesn’t manage to pin him down on whether his cartoon lizard thing will be worth $1 million before Mrs Badman finds out all the money’s gone.
Plus, Guy Le Page is back and being a rascal again.
As always, the fiddly bits are down below – have a belter of a day!
Gold: US$1,910.22 (+0.21%)
Silver: US$22.64 (-0.85%)
Nickel (3mth): US$20,230/t (+0.80%)
Copper (3mth): US$8,438/t (+0.25%)
Oil (WTI): US$90.71 (+2.48%)
Oil (Brent): US$94.14 (+2.46%)
Iron 62pc Fe: US$120.56/t (+0.02%)
AUD/USD: 0.6442 (+0.28%)
Bitcoin: US$26,613.74 (+1.43%)
If you’re wondering what the hot topic was yesterday, it’s uranium… our leading story yesterday by an obscenely massive margin.
#Uranium demand could surge as governments in North America, Asia and Europe back an expansion of #nuclear #energy | #mining #exploration #ASX https://t.co/sWX0kS1QaW
— Stockhead (@StockheadAU) September 13, 2023
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 |
|---|---|---|---|---|---|
| MTH | Mithril Resources | 0.001 | -50% | 280,000 | $6,737,609 |
| MEB | Medibio Limited | 0.001 | -33% | 200,000 | $9,151,116 |
| KEY | KEY Petroleum | 0.0015 | -25% | 3,999,980 | $3,935,856 |
| TD1 | Tali Digital Limited | 0.0015 | -25% | 100,067 | $6,590,311 |
| TEM | Tempest Minerals | 0.009 | -25% | 26,614,283 | $6,136,602 |
| GTG | Genetic Technologies | 0.002 | -20% | 60,000 | $28,854,145 |
| MRD | Mount Ridley Mines | 0.002 | -20% | 1,176,102 | $19,462,207 |
| PNX | PNX Metals Limited | 0.002 | -20% | 199,999 | $13,451,562 |
| TKL | Traka Resources | 0.004 | -20% | 500,000 | $4,356,646 |
| WCN | White Cliff Min Ltd | 0.008 | -20% | 5,397,899 | $12,570,186 |
| BUY | Bounty Oil & Gas NL | 0.0065 | -19% | 6,640,575 | $10,964,008 |
| YOJ | Yojee Limited | 0.009 | -18% | 3,190,866 | $12,487,250 |
| KNB | Koonenberrygold | 0.041 | -18% | 1 | $3,787,822 |
| RCE | Recce Pharmaceutical | 0.48 | -17% | 1,013,854 | $103,617,508 |
| CMX | Chemxmaterials | 0.1 | -17% | 40,069 | $6,369,226 |
| AMD | Arrow Minerals | 0.0025 | -17% | 29,235 | $9,071,295 |
| EDE | Eden Inv Ltd | 0.0025 | -17% | 23,417,900 | $10,090,911 |
| HOR | Horseshoe Metals Ltd | 0.01 | -17% | 1,491,259 | $7,721,744 |
| RML | Resolution Minerals | 0.005 | -17% | 715,116 | $7,543,751 |
| POS | Poseidon Nick Ltd | 0.0185 | -16% | 30,500,709 | $81,579,908 |
| A3D | Aurora Labs Limited | 0.024 | -14% | 823,021 | $6,882,626 |
| AOA | Ausmon Resorces | 0.003 | -14% | 1,000,000 | $3,392,513 |
| BFC | Beston Global Ltd | 0.006 | -14% | 77,646,002 | $13,979,328 |
| CHK | Cohiba Min Ltd | 0.003 | -14% | 2,434,802 | $7,746,355 |
| IMI | Infinitymining | 0.12 | -14% | 25,674 | $10,871,194 |
Yesterday’s Small Caps standouts were:
Okapi Resources (ASX:OKR) has jumped almost 33% on this uranium business.
OKR is an Australian minerals exploration company focused in the Kimberley Goldfields of Western Australia and the Democratic Republic Congo (DRC).
But it’s long-term strategy to become ‘a new leader in North American carbon-free nuclear energy’ by developing its portfolio of top notch uranium assets, is what led to yesterday’s mighty stride.
Okapi’s case for developing uranium projects in North America reduces to several converging factors:
#1) the clean energy movement will have to embrace nuclear power
#2) uranium supply is not sufficient to meet future demand, and
#3) the USA is investing billions in reigniting its nuclear energy capabilities and along with it, domestic uranium supply.
The shares are up 30%.
Terra Uranium (ASX:T92), another Aussie uranium explorer, is leading the daily resources pack with a roughly 28% gain.
Terra is focused on exploring for heavy metal in Canada’s Athabasca Basin and it’s been particularly encouraged by the results from its first hole drilled at its Parker Lake project where it recently turned up a peak grade of 32.5 parts per million over 0.2 metres in diamond drilling.
Terra Uranium executive chairman, Andrew Vigar commented on this about a week ago with:
“The presence of anomalous uranium and pathfinders in our first drill hole at Parker is very encouraging and bears similarities to that recently reported from IsoEnergy’s Hawk Project on the Cable Bay Shear Zone 40km to the north east.
“We have only just begun to orientate ourselves on this fertile structure, having brought all the scientific data up to modern standards suitable for targeting of a major uranium discovery in this new domain.”
Mini-cap oil and gas hunter Metgasco (ASX:MEL) has jumped over 30% this afternoon.
The minnow has long held licences out in South Australia’s Cooper Basin gas riches and it says it’s finally kicked into production out of the Odin-1 gas well at its joint venture project.
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Today | Market Cap |
|---|---|---|---|---|
| TOR | Torque Met | 0.325 | 23% | $25,714,815 |
| MEL | Metgasco Ltd | 0.011 | 22% | $9,574,981 |
| SRJ | SRJ Technologies | 0.073 | 22% | $7,844,385 |
| MOM | Moab Minerals Ltd | 0.012 | 20% | $6,819,635 |
| GCX | GCX Metals Limited | 0.058 | 16% | $9,288,935 |
| NIM | Nimyresourceslimited | 0.15 | 15% | $10,070,795 |
| TOY | Toys R Us | 0.008 | 14% | $6,460,426 |
| REC | Rechargemetals | 0.245 | 14% | $22,700,662 |
| BMO | Bastion Minerals | 0.025 | 14% | $3,813,133 |
| SKY | SKY Metals Ltd | 0.051 | 13% | $20,455,056 |
| DEV | Devex Resources Ltd | 0.385 | 13% | $126,064,716 |
| SZL | Sezzle Inc. | 18.1 | 13% | $44,015,953 |
| AXE | Archer Materials | 0.51 | 12% | $115,955,391 |
| PCK | Painchek Ltd | 0.031 | 11% | $36,343,707 |
| ICL | Iceni Gold | 0.083 | 9% | $15,851,429 |
| ARR | American Rare Earths | 0.13 | 8% | $53,570,796 |
| FRX | Flexiroam Limited | 0.026 | 8% | $15,940,601 |
| NAG | Nagambie Resources | 0.026 | 8% | $13,961,432 |
| RIE | Riedel Resources Ltd | 0.0065 | 8% | $12,356,442 |
| SAU | Southern Gold | 0.013 | 8% | $5,835,423 |
DevEx Resources (ASX:DEV) – Pending announcements in response to an ASX price query and drilling results for the Kennedy Project, Queensland and Nabarlek Project, NT.
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