Good morning everyone, especially those of you who aren’t luxuriating in the warm, comforting embrace of a public holiday.

In the spirit of “we know you’re meant to be on holidays, but the market’s open, so you’re not”, here’s what’s what before things kick off today.

Bevis Yeo has hit the research bag pretty heavily to find out who’s digging where in the hunt for stuff to sell, and Eddy Sunarto’s got the good oil on which stocks are momentum heavy, and a well-timed explainer on what the Simple Moving Average is. Lovely stuff.

Plus Josh Chiat has an unmissable read about the kid from Victoria who travelled the world only to find all the best gold was… just down the road from his boyhood home in Victoria.

And here’s all the bibs and bobs you need to know to get things ticking along today as well.



Gold: US$1848.19  (+0.88%)

Silver: US$22.152 (-1.98%)

Nickel (3mth): US$18,509.00/t (-0.62%)

Copper (3mth): US$8,230/t (+1.46%)

Oil (WTI): US$90.736  (-1.06%)

Oil (Brent): US$92.294 (-0.87%)

Iron 62pc Fe: US$120.79/t (+0.04%)

AUD/USD: 0.6437 (+-0.08%)

Bitcoin: US$27,175.10 (+0.97%)



Hancock Prospecting and Gina Rinehart’s slow-motion move on Liontown is creeping quietly along, while Albemarle’s working through Week 2 of its due diligence having won the battle, but possibly not the war.




Here are the best performing ASX small cap stocks:

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Friday’s Small Caps highlights were:

Biotron (ASX:BIT) added more than 40% on Friday, moving very rapidly on no fresh news (since Tuesday, when it shot up earlier in the week), catching the eye of the ASX Highway Patrol, who issued it a speeding ticket to ask why BIT’s price has launched from a low of $0.032 to a high of $0.07 by 11am.

Biotron responded with a very curt “No idea, sorry” – and that was the end of that discussion.

CZR Resources (ASX:CZR) was up 31.8% early before closing around +27% on news that the Pilbara Ports Authority (PPA) has reviewed the Port of Ashburton Consortium Joint Venture (PAC JV) Project Definition Document for the iron ore export facility and provided conditional support subject to EPA, Main Roads WA and Shire of Ashburton approvals.

Following its review, the PPA has agreed for the PAC JV to submit a Development Application for the POA Export Facility – consent that the company says “represents a significant development for the project”.

Forbidden Foods (ASX:FFF) climbed nicely through 21% to close around the same price later in the day after releasing its annual report to shareholders after hours Thursday.

It’s really long, so I only managed to grab time to skim it, but from what I can see, FFF has spent the year repositioning itself in response to a variable market for its product, reducing costs and making healthier offerings.

However, revenue is down Yoy, $3,733,271 for FY23 against $6,581,489 for FY22 – but the company seems pretty upbeat about what the coming year will hold, and so do investors.



Here are the worst performing ASX small cap stocks:

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Forrestania Resources (ASX:FRS) – in connection with a proposed equity capital raising

Heavy Rare Earths (ASX:HRE) – pending an announcement by the Company to the market in relation a significant upgrade to the Company’s Mineral Resources at its Cowalinya project, located in Western Australia

Buxton Resources (ASX:BUX) – Pending an announcement of results from the Double Magic Project