Rise and Shine: Everything you need to know before the ASX opens on Wednesday

On Stockhead today, It’s hump day for many people.  For many others it’s just yellow bin day.

To get you through, we’ve got the very learned Peter Strachan telling you why energy storage needs to go way beyond lithium-ion, Jessica Caummins telling you why you should care about dysprosium, and Gregor Stronach reliving his crowd-sourced funding failures.

But first, to the day ahead.

TRADING HALTS

These companies went  into trading halts on Tuesday and are due out in the coming days:

Atomo Diagnostics (ASX:AT1) – Capital raising.

Beacon Minerals (ASX:BCN) – Update on the status of the Lady Ida Project acquisition “following feedback received from ASX”.

American West Metals (ASX:AW1) – Capital raising.

Medallion Metals (ASX:MM8) – Capital raising.

Way2Vat (ASX:W2V) – Announcement in relation to an increase in the recently completed capital raising.

Carnavale Resources (ASX:CAV) – Capital raising.

Optima Technology Group (ASX:OPA) – Update on the Company’s financial arrangements.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1931.38 (+0.33%)

Silver: $US23.11 (+0.00%)

Nickel (3mth): $US20,675/t (-1.61%)

Copper (3mth): $US8,337.50/t (-0.42%)

Oil (WTI): $US74.82 (+2.5%)

Oil (Brent): $US79.32 (+2.1%)

Iron 62pc Fe: $US109.34/t (+0.12%)

AUD/USD: 0.6686  (+0.0%)

Bitcoin: $US30,525 (-0.60%)

WHAT GOT YOU TALKING?

Recent results from Leeuwin Metals’ maiden drilling program at William Lake, within the world-class Thompson nickel belt, suggests the company is onto a project winner of immense scale. https://t.co/mhkxfG0HFC #ad #ASX $LM1 @LeeuwinMetals

— Stockhead (@StockheadAU) July 11, 2023

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

WEDNESDAY’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:

Tuesday’s shock and awe came from Mobilicom (ASX:MOB), which came out of the gates at circa +360% – in under 20 minutes – before the ASX hit the panic button and the whole thing screeched to a (literal) halt. Market excitement followed news overnight that the dual-listed company had landed some juicy defence contract in the US, which will see 120 of Mobilicom’s SkyHopper PRO datalink systems shipped to small-sized drones and robotics giant Teledyne-FLIR (NYSE:TDY).

As Gregori the Stronach told me… “after some back and forth with the powers that be, MOB was back in action and… down she went.”

“At the close of play, MOB was trading around +187%, and the chip counting stopped, leaving several probably wondering what might have been.”

Canberra-based techies archTIS (ASX:AR9) climbed more than 26% on no fresh news.

And West Wits Mining (ASX:WWI) dropped a late afternoon bombshell, which saw it zoom up 25% in late trade on the back of news that the Industrial Development Corporation of South Africa has expressed interest in providing a debt facility of ZAR300 million – just under $28 million – for development capital at West Wits’ Qala Shallow project.

“With this formal expression of interest and terms, we can now proceed to expedite the due diligence process, secure final approval, and embark on a transformative journey,” West Wits chairman Michael Quinert said.

WEDNESDAY’S ASX SMALL CAP LAGGARDS

Here are the least best performing ASX small cap stocks:

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