Rise and Shine: Everything you need to know before the ASX opens
This bird has no idea that this will be the final chance it ever has to flash its goolies at unsuspecting tourists. Pic via Getty Images.
Good morning everyone, and welcome to Wednesday 18 October – an important date on the calendar for music lovers everywhere, particularly those who enjoy a spot of old-timey rock’n’roll, as today would have been Chuck Berry’s 97th birthday, if he wasn’t already dead.
Most famous for penning the classic tune Johnny B. Goode, which was a song that was very dear to Beatles singer/guitarist John Lennon, who had the opportunity to perform the song with his idol Berry in 1972.
It’s a miracle that footage of the pair performing that song exists, as just minutes before – while Lennon and Berry were singing the Johnny Rivers classic Memphis – Yoko Ono, who was there for some unfathomable reason, did her absolute best to “add to the music”, and was lucky to escape with her life.
It’s a great reminder to us all that just because you can say something, doesn’t mean you necessarily should – a lesson that we keep dear to our hearts here at Stockhead.
That’s how you know, when our writers put pen to paper, they’re delivering the very best market info possible – such as Eddy’s look into the wondrous world of sports betting, and Josh Chiat’s barely veiled horror for what’s looking like a boom period for coal incoming.
And, just like I deliver every day except for the ones I don’t, here’s all the fiddly data and digits to get you up to speed this morning as well.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,924.66 (+0.27%)
Silver: US$22.80 (+0.88%)
Nickel (3mth): US$18,602/t (+0.30%)
Copper (3mth): US$7,976.50/t (+0.35%)
Oil (WTI): US$87.90 (+1.44%)
Oil (Brent): US$91.09 (+1.53%)
Iron 62pc Fe: US$119.31/t (+0.05%)
AUD/USD: 0.6365 (+0.42%)
Bitcoin: US$28,448 (+0.02%)
WHAT GOT YOU TALKING
Our boy Eddy Sunarto’s on a solid roll this week, as his dive into the wheres, whys and especially the whats of boron nitrate nano-tubes proves:
Australian-made boron nitride nanotubes (#BNNT), going cheap. #ASX $PPK https://t.co/suTzkgs8aK
— Stockhead (@StockheadAU) October 17, 2023
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 |
|---|---|---|---|---|---|
| PIM | Pinnacleminerals | 0.15 | 67% | 13,343,130 | $2,301,750 |
| AYM | Australia United Min | 0.003 | 50% | 241,000 | $3,685,155 |
| BAT | Battery Minerals Ltd | 0.037 | 48% | 608,134 | $2,990,112 |
| RIM | Rimfire Pacific | 0.0085 | 42% | 14,661,559 | $12,631,468 |
| KEY | KEY Petroleum | 0.002 | 33% | 30,889,542 | $2,951,892 |
| NME | Nex Metals Explorat | 0.02 | 33% | 138,889 | $5,287,988 |
| PPK | PPK Group Limited | 1.08 | 32% | 216,354 | $73,217,220 |
| CYQ | Cycliq Group Ltd | 0.005 | 25% | 323,881 | $1,430,067 |
| ERL | Empire Resources | 0.005 | 25% | 1,008,600 | $4,451,740 |
| HFY | Hubify Ltd | 0.02 | 25% | 823,572 | $7,938,181 |
| TMX | Terrain Minerals | 0.005 | 25% | 250,000 | $5,030,575 |
| AHF | Aust Dairy Limited | 0.021 | 24% | 698,710 | $11,149,736 |
| VMS | Venture Minerals | 0.011 | 22% | 1,294,165 | $17,550,117 |
| ZEU | Zeus Resources Ltd | 0.011 | 22% | 602,158 | $4,133,529 |
| DCN | Dacian Gold Ltd | 0.27 | 20% | 10,542,197 | $273,780,211 |
| ADV | Ardiden Ltd | 0.006 | 20% | 23,202,354 | $13,441,677 |
| ECT | Env Clean Tech Ltd. | 0.006 | 20% | 519,916 | $14,237,776 |
| MHC | Manhattan Corp Ltd | 0.006 | 20% | 2,504,285 | $14,684,899 |
| SI6 | SI6 Metals Limited | 0.006 | 20% | 1,050,000 | $9,969,297 |
| FLN | Freelancer Ltd | 0.25 | 19% | 50,679 | $94,692,125 |
| BMR | Ballymore Resources | 0.13 | 18% | 314,732 | $16,081,699 |
| RLG | Roolife Group Ltd | 0.013 | 18% | 1,409,300 | $7,948,139 |
| SRI | Sipa Resources Ltd | 0.026 | 18% | 620,082 | $5,019,479 |
| JPR | Jupiter Energy | 0.021 | 17% | 16,000 | $22,865,945 |
| M2M | Mtmalcolmminesnl | 0.035 | 17% | 100,661 | $3,070,305 |
Yesterday’s Small Caps highlights were:
Pinnacle Minerals (ASX:PIM) led the way in small caps, up 66.7% on news it is set to acquire a 75% interest in the Adina East Lithium Project in the James Bay lithium district.
The project covers 72.7km2 of land in the red-hot lithium region, just down the road from Winsome Resources’ (ASX:WR1) Adina Lithium Project, and next door to Winsome’s Tilly Lithium Project and Loyal Lithium’s (ASX:LLI) Trieste Lithium Project.
Pinnacle has acquired the interest from Electrification and Decarbonization AIE, which will also stump up US$500,000 in offtake pre-payment in consideration for offtake rights to 25% of any minerals extracted from Adina East Project.
The vertically-integrated dairy group Australian Dairy Nutritionals (ASX:AHF) says it’s listed the Brucknell South farm near Nullawarre, in Victoria for sale.
The organic A2 milk produced by the farm is surplus to the raw milk requirements of the group’s Depot Road infant formula manufacturing facility and will not impact production of the Ocean Road Dairies organic A2 infant formula range at the site.
Battery Minerals (ASX:BAT), jumped early on the news it’s entered into a binding agreement to acquire the advanced Spur Gold project, in the heart of the highly prospective Lachlan Fold Belt.
BAT says Spur’s got multiple epithermal gold targets including near term, high impact drill targets, down-dip from open historic drill intercepts previously reported by Golden Cross Resources (ASX:GCR)
And PPK Group (ASX:PPK) collected over 40%, after its subsidiary, BNNT Technology, announced it would significantly reduce the price of its Australian-made boron nitride nanotubes (BNNT) following a series of production improvements.
Eddy Sunarto’s been super-busy and has this longer update for us all to absorb.
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 |
|---|---|---|---|---|---|
| WIA | WIA Gold Limited | 0.029 | -28% | 4,827,836 | $36,827,398 |
| CTN | Catalina Resources | 0.003 | -25% | 254,195 | $4,953,948 |
| FHS | Freehill Mining Ltd. | 0.003 | -25% | 26,000 | $11,379,204 |
| MXC | Mgc Pharmaceuticals | 0.0015 | -25% | 2,455,492 | $8,855,936 |
| JAN | Janison Edu Group | 0.29 | -25% | 8,011,483 | $97,178,247 |
| DDT | DataDot Technology | 0.004 | -20% | 227,462 | $6,054,764 |
| GTG | Genetic Technologies | 0.002 | -20% | 100,000 | $28,854,145 |
| LNU | Linius Tech Limited | 0.002 | -20% | 158,500 | $10,574,477 |
| MTL | Mantle Minerals Ltd | 0.002 | -20% | 150,000 | $15,368,615 |
| THR | Thor Energy PLC | 0.022 | -19% | 1,534,133 | $4,761,086 |
| ILA | Island Pharma | 0.066 | -18% | 169,185 | $6,501,477 |
| 88E | 88 Energy Ltd | 0.005 | -17% | 10,026,647 | $132,711,930 |
| FAU | First Au Ltd | 0.0025 | -17% | 800,000 | $4,355,980 |
| SIS | Simble Solutions | 0.005 | -17% | 2,238,000 | $3,617,704 |
| SKN | Skin Elements Ltd | 0.005 | -17% | 3,347,280 | $3,416,917 |
| FBM | Future Battery | 0.092 | -16% | 5,468,387 | $56,089,658 |
| ZMI | Zinc of Ireland NL | 0.017 | -15% | 828,878 | $4,262,886 |
| HFR | Highfield Res Ltd | 0.285 | -15% | 1,503,009 | $131,381,551 |
| EXT | Excite Technology | 0.006 | -14% | 13,816 | $8,464,692 |
| LRL | Labyrinth Resources | 0.006 | -14% | 387,349 | $8,312,806 |
| NGS | NGS Ltd | 0.012 | -14% | 5,409,355 | $3,517,184 |
| AW1 | Americanwestmetals | 0.1075 | -14% | 6,066,816 | $46,277,845 |
| AL8 | Alderan Resource Ltd | 0.013 | -13% | 6,481,289 | $9,250,420 |
| DCL | Domacom Limited | 0.013 | -13% | 19,187 | $6,532,527 |
| EMC | Everest Metals Corp | 0.115 | -13% | 31,091 | $17,660,012 |
TRADING HALTS
Icon Energy (ASX:ICN) – Pending an announcement by Icon regarding the court hearing in relation to renewal of ATP855
Metalicity (ASX:MCT) – Pending the announcement regarding a capital raising
EQ Resources (ASX:EQR) – Pending the release of information by the company to the market relating to a material interest acquisition
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