Good morning, and welcome to Wednesday September 20th, 2023 – a day that is highly likely to devolve into an angry mess of antagonism and violence, because tomorrow is the United Nations International Day of Peace.

That’s a very special day on the global calendar, because it’s the one time of year that just about every world leader gets to stand up and call on their neighbours, former allies and everyone else they despise to “do better, in the name of peace”.

It’s obviously run by the UN, because it’s arguably one of the most singularly passive-aggressive International Days in existence, because not a single one of the conflicts currently making life terrible around the planet will pause, and the only people who care about it are the ones throwing the party.

But it also means that there’s a subset of the population who treat it like half-hearted Christians approach the idea of Lent – “If I’m giving up fighting for a day tomorrow, then I’m going to gorge myself on it the day before”.

However, you’re in safe hands here at Stockhead, partially because we’re all secretly pinko-lefty peacenik types, and partially because when we asked the boss for a lazy couple of billion to raise a private army and go out waging war – just a little one – there was suddenly “no money left in petty cash”.

What a rort.

But aside from all that complete nonsense, there’s plenty about today to enjoy, not least of which is the amazing hard work of the whole team here, who’ve been writing their little hearts out to bring you some amazing stuff to read.

For example, there’s Eddy Sunarto’s revealing look under the bonnet at RocketDNA, a drone company from WA that’s doing big things, and Nadine McGrath’s amazing coverage of who’s curing what in the world of cancer stocks.

Plus, we have numbers. Lots of them – a small sampling of which appear below, which I sincerely hope you enjoy.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,931.92 (-0.06%)

Silver: US$23.19 (-0.14%)

Nickel (3mth): US$20,000/t (+0.6%)

Copper (3mth): US$8,309.50/t (-0.5%)

Oil (WTI): US$91.249 (+0.01%)

Oil (Brent): US$94.50 (+0.07%)

Iron 62pc Fe: US$122.16/t (-0.03%)

AUD/USD: 0.6457 (+0.23%)

Bitcoin: US$27,186 (+1.17%)

 

WHAT GOT YOU TALKING

It amazes me how similar we all are in some ways – especially when it comes to a passion for learning more about battery metals, which Jess Cummins was more than happy to help with yesterday.

 

 

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
CCE Carnegie Cln Energy 0.002 100% 3,402,136 $15,642,574
JNO Juno 0.115 44% 358,763 $10,852,640
OKR Okapi Resources 0.165 38% 4,180,863 $25,210,322
YPB YPB Group Ltd 0.004 33% 250,000 $2,230,384
CDR Codrus Minerals Ltd 0.092 31% 6,961,637 $5,305,300
MAG Magmatic Resrce Ltd 0.066 27% 364,929 $15,896,025
ODE Odessa Minerals Ltd 0.015 25% 14,303,723 $11,365,342
EFE Eastern Resources 0.01 25% 10,345,103 $9,935,572
ROG Red Sky Energy. 0.005 25% 540,224 $21,208,909
DES Desoto Resources 0.13 24% 846,660 $6,292,283
DRA DRA Global Limited 1.7 21% 25,508 $76,504,355
NIS Nickelsearch 0.057 21% 11,651,514 $4,494,628
BUR Burleyminerals 0.2 21% 383,362 $16,713,965
RDN Raiden Resources Ltd 0.035 21% 145,963,738 $66,391,435
EEL Enrg Elements Ltd 0.006 20% 1,137,599 $5,049,825
EMU EMU NL 0.003 20% 4,692,869 $3,625,053
SUM Summitminerals 0.155 19% 916,083 $4,607,439
PVT Pivotal Metals Ltd 0.019 19% 4,109,899 $8,713,605
VTI Vision Tech Inc 0.355 18% 144,413 $9,515,166
COY Coppermoly Limited 0.013 18% 150,568 $5,831,396
OLY Olympio Metals Ltd 0.2 18% 466,839 $8,696,359
ADY Admiralty Resources. 0.007 17% 40,623 $7,821,475
CAV Carnavale Resources 0.007 17% 33,791,521 $20,001,310
FAU First Au Ltd 0.0035 17% 450,000 $4,355,980
GMN Gold Mountain Ltd 0.007 17% 3,574,934 $13,614,472
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Yesterday’s Small Caps standouts were:

Lithium play Juno Minerals (ASX:JNO), up some 45% at the close on Tuesday, still riding the waves made by last week’s positivity around news that infill soil sampling results have been full of promise for lithium prospectivity south of its Mount Ida Magnetite Project.

Copper cap, Magmatic Resources (ASX:MAG) is closing Tuesday with almost 30% in the pocket after kicking off a new diamond drilling program at its greater Corvette and Kingswood prospect within Magmatic Resources’ 100%-owned Myall Project

MAG told the ASX that the program is targeting shallow mineralisation immediately below the transported cover, with 8-10 holes expected to be completed to an average depth of 250m over the coming 4-6 weeks, while the processing of diamond core will start nowish too,

The current phase of exploration has the potential to rapidly expand the significant metal endowment already defined at Myall, which includes 354,000 tonnes of copper metal-equivalent.

Codrus Minerals (ASX:CDR) is ahead strongly on Tuesday as well. The REE play’s been sharing some upbeat exploration drilling results at its Karloning REE project in WA.

CDR’s best so far:

20m grading 1,554ppm TREYO from 8m, including 4m grading 2,014ppm TREYO from 18m in hole KGAC057, and 14m grading 1,423ppm TREYO from 12m, including 2m grading 1,931ppm TREYO from 16m in hole KGAC058.

Also enjoying momentum out of last week, Okapi Resources (ASX:OKR) has been rising steadily throughout the day, adding 38% at the close.

And finally, Raiden Resources (ASX:RDN) is up more than 21% after notching high-grade lithium and rubidium samples and a new 50m wide mineralised pegmatite at Andover South, grading up to 2.42% Li2O.

 

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
MEB Medibio Limited 0.001 -33% 50,000 $9,151,116
MRQ Mrg Metals Limited 0.002 -33% 611,554 $6,557,756
MKL Mighty Kingdom Ltd 0.009 -25% 172,400 $3,914,635
MDI Middle Island Res 0.019 -21% 54,276 $3,375,797
CYQ Cycliq Group Ltd 0.004 -20% 24,781 $1,787,583
DEL Delorean Corporation 0.025 -19% 26,654 $6,687,348
HOR Horseshoe Metals Ltd 0.009 -18% 479,802 $7,078,265
MSI Multistack Internat. 0.005 -17% 111,604 $817,824
OAK Oakridge 0.083 -16% 7,739 $1,702,372
LIN Lindian Resources 0.21 -16% 8,961,591 $284,913,074
RCW Rightcrowd 0.021 -16% 962,572 $6,585,448
VN8 Vonex Limited. 0.018 -14% 975,493 $7,598,401
GCR Golden Cross 0.003 -14% 694,160 $3,840,396
LBT LBT Innovations 0.012 -14% 396,596 $4,982,605
LRL Labyrinth Resources 0.006 -14% 44,254 $8,312,806
NET Netlinkz Limited 0.006 -14% 12,220,084 $24,713,699
TAS Tasman Resources Ltd 0.006 -14% 105,000 $4,988,685
JAY Jayride Group 0.086 -14% 19,500 $20,363,780
TTM Titan Minerals 0.037 -14% 7,027,323 $65,104,952
GMR Golden Rim Resources 0.025 -14% 118,894 $17,156,063
8IH 8I Holdings Ltd 0.02 -13% 42,034 $8,219,188
FLC Fluence Corporation 0.135 -13% 607,058 $100,835,875
WC8 Wildcat Resources 0.375 -13% 15,332,091 $286,215,553
5EA 5Eadvanced 0.35 -13% 1,012,372 $121,598,712
VMS Venture Minerals 0.0105 -13% 2,140,249 $23,400,156
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TRADING HALTS

Invictus Energy (ASX:IVZ) – Pending an update in relation to a capital raising.

Cannindah Resources (ASX:CAE) – Pending the release of an announcement to the market in relation to a capital raising.

Sunshine Metals (ASX:SHN) – Pending the release of an announcement to the market in relation to a capital raising.

Diablo Resources (ASX:DBO) – Pending the release of an announcement to the market in relation to a capital raising.

Castle Minerals (ASX:CDT) – Pending news of a capital raise in the form of a placement.

Bridge SaaS (ASX:BGE) – Pending an announcement in relation to a capital raising.

 

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