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Good morning everyone, on Stockhead today, Josh Chiat spoke with Leo Lithium boss Simon Hay about finally ending that Africa saga, Nadine’s gone all cybah puhlice on us for a chat about stocks keeping your cash safe, and Eddy’s keeping a close eye on heart starter Echo IQ as it chasing US FDA clearance.

But first…

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,310.80 (-0.22%)

Silver: US$27.21 (-0.91%)

Nickel (3mth): US$19,255.10/t (+2.76%)

Copper (3mth): US$9,972.83/t (+2.48%)

Oil (WTI): US$78.59 (+0.15%)

Oil (Brent): US$83.45 (+0.16%)

Iron 62pc Fe: US$119.56/t (+1.28%)

AUD/USD: 0.6591 (-0.48%)

Bitcoin: US$63,555.60 (+0.62%)

 

WHAT GOT YOU TALKING

Core blimey:

 

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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The winners table on Wednesday was dominated by the rally in Iceni Gold (ASX:ICL), following a closer look at its Christmas Gift prospect which has exposed… “multiple bonanza gold bearing quartz veinlets within a narrow, sheared basalt-interflow sediment contact”.

“Gold collected by prospectors from a crushed bulk sample of ore bearing rock, including the quartz veinlets from the sample trench, has produced a 9.5oz gold doré bar.”

The company’s MD Wade Johnson told the ASX that the structure has now been exposed over a 20m strike length that is open and has advanced the geological model to provide a priority drill target.

More on that here: Speccie veins = massive gains. Christmas comes early for Iceni Gold

Pure Foods Tasmania (ASX:PFT)  was also up nicely after launching a cap raise for circa $2.2m million (before costs and expenses). PFT says the main game is to fund working capital and new capital investments, in the wake of restructuring initiatives undertaken by the Company since late calendar 2023. Chair Malcolm McAully says the funds will also be used to repay short term borrowings and finance ongoing due diligence on several acquisition targets.

Polynovo (ASX:PNV) said it achieved its first ever $10m+ revenue month, after recording $10.1 million in revenue (unaudited) for the month of April. Sales in the United States were strong, reaching $6.9 million, which is about 75% more compared to the same time last year. Sales in other parts of the world, excluding the US, were $2.4 million, showing an increase of 68.2% compared to the same time last year.

And…Elsight (ASX:ELS)  says that during a strategic collaboration exercise, Elsight’s Halo connectivity platform was rapidly integrated with Lockheed Martin Indago 4 UAS to complete BVLOS (beyond visual line-of-sight) flights with enhanced capabilities and expanded operational reach. Following this successful integration, Lockheed Martin is now able to offer this configuration, Indago 4 with Halo, as a solution to their customers, effective immediately.

 


ASX SMALL CAP LAGGARDS

Today’s best performing small cap stocks:

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