Good morning everyone, and welcome to Tuesday 10 October – a day in history most notable as the anniversary of the death of Abel Tasman, who was reportedly the first European to lay eyes on Tasmania in 1642.

His death on October 10, 1659 marked the first acknowledgment of The Great Curse of Tasmania, which – it is said – causes anyone who is even remotely aware of the existence of Tasmania to perish at some point in the future.

In fact, so powerful is the curse, that it has since spread to include people who don’t know that Tasmania exists to eventually die as well.

It’s a timely reminder that knowledge is a powerful thing – which is why the Stockhead team has been working tremendously hard to bring you the latest and best information you need to get your game on when the market opens each day.

That hard graft includes Guy Le Page’s excellent look at the not-so-excellent world right now, and Eddy Sunarto’s been on the blower with the experts who reckon there’s untapped value in a couple of ASX-listed engineering companies.

And, as always, here’s all the data and digits and bibs and bobs to get your motor running this morning as well.



Gold: US$1,861.57  (+1.60%)

Silver: US$21.88 (+1.36%)

Nickel (3mth): US$18,582/t (+0.50%)

Copper (3mth): US$8,046/t (+0.50%)

Oil (WTI): US$86.41 (+4.36%)

Oil (Brent): US$88.14 (+4.21%)

Iron 62pc Fe: US$118.18/t (+0.37%)

AUD/USD: 0.6415 (+0.48%)

Bitcoin: US$27,606 (+0.49%)



Stockhead legend Barry “The Look” FitzGerald turned his steely gaze on why copper stocks aren’t behaving themselves at the moment, and it really caught a lot of eyes over the past few days. If you’ve not already seen it, you really oughta take a look:




Here are the best performing ASX small cap stocks:

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Yesterday’s Small Caps highlights were:

Fin Resources (ASX:FIN) was the day’s standout performer, up 64% at the close after its maiden fieldwork program identified abundant spodumene crystals within a broad pegmatite outcrop at Cancet West in James Bay, Canada.

King River Resources (ASX:KRR) secured itself a speeding ticket from the ASX, up 40% in the AM, up 20% in the arvo.

PainChek (ASX:PCK) was up 40% this morning, but then lost 28%. Just like that.

Vonex (ASX:VN8) was up 33%, possibly due to cost cutting, or it could be a random gamble. VN8 does its thing on the cloud and provides the full gamut of traditional telecommunications products such as mobile and internet.

Mobilicom (ASX:MOB) came out the gate strongly, up circa 20% this morning but the surge lacked urge and it closed up 16.7% – possibly because the company has requested an extension prior to an upcoming voluntary delisting to allow shareholders to complete converting their shares into American Depositary Shares.

The day’s late mover was Cleanspace (ASX:CSX), which designs, makes, and flogs “premium respiratory protection equipment for industrial and healthcare markets” – it rose 10% in short order before the close.



Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

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Tombador Iron (ASX:TI1) – Pending release of an announcement regarding the operations of the Tombador Iron Project

Arovella Therapeutics (ASX:ALA) – Pending an announcement regarding a proposed in-license agreement

SenSen Networks (ASX:SNS) – to allow the company to finalise the terms of a proposed equity capital raising

NT Minerals (ASX:NTM) – Pending an announcement regarding a capital raising

Ragnar Metals (ASX:RAG) – Pending a material release regarding a project acquisition in Sweden

Visioneering Technologies (ASX:VTI) – For the purpose of considering, planning and executing a capital raising and analysing data for an announcement to the market on the top-line interim 1-year results of the PROTECT clinical trial.