Weekly small cap wrap: Who entertained a big purchase?

According to the Wall Street Journal, Trump is serious about buying the autonomous Danish territory of Greenland.

what https://t.co/TZkaxKDCN3

— Seth Mandel (@SethAMandel) August 15, 2019

Honored sirs, I am PRINCE KIELSEN and I am contacting you with exciting opportunity. I recently inherited an island but need a small amount of cash. Send a money order for $600,000,000 to my account and I will give you “Greenland.”

— Yoni Appelbaum (@YAppelbaum) August 15, 2019

Greenland to the U.S., Alaska to Russia and Crimea to Denmark in a blockbuster three-team trade

— Matt Pearce 🦅 (@mattdpearce) August 15, 2019

ASX SMALL CAP WINNERS:

Castle Minerals (ASX:CDT) +100%

Castle Minerals (ASX:CDT) listed in 2006 to explore for gold in Ghana and, over the next decade or so, sank tens of millions of dollars into its huge ~11,000sqkm landholding.

But a subsequent tough period for junior exploration led to refreshed board and a rationalisation of what new management called these “legacy” Ghanaian gold assets.

Castle made the move into Pilbara conglomerate gold, which was great for a while. (Not so much now, of course.)

This means Castle Minerals has been ostensibly treading water for much of this year. Until now, that is, because the ~$3m market cap explorer just signed a significant, $US11.7m farmout deal with private company Iguana Resources over a couple of its unwanted Ghanian projects.

Metalsearch (ASX:MSE) +57%

Metalsearch (ASX:MSE) has struck a cash and scrip deal to acquire Abercorn Kaolin, which owns the Abercorn high purity alumina (HPA) project in Queensland.

This is Metalsearch’s first foray into the HPA space, which currently has a portfolio of gold and base metals projects.

HPA’s fastest growing market is in lithium-ion batteries, with it now being used as a coating on the separators in lithium-ion batteries in the electric vehicle industry.

Nanollose (ASX:NC6) +43%

Sneaking in was eco-clothing maker Nanollose (ASX:NC6), which announced today it is using the fibres it grows via the fermentation of waste products to make wipes, via a deal with personal care wipe maker Codi Group.

Here are the best performing ASX small cap stocks for August 12-16 (intraday):

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

Code	Name	Price last Friday	Price this Friday [intraday]	Total Return %	Market Cap
AKN	AUKING MINING	0.001	0.002	100	$1,865,168.88
CDT	CASTLE MINERALS	0.005	0.009	100	$2,237,959.75
GPP	GREENPOWER ENERGY	0.001	0.002	100	$4,004,490.50
KGD	KULA GOLD	0.009	0.017	89	$999,507.81
MMR	MEC RESOURCES	0.005	0.007	80	$5,753,331.00
KGM	KALNORTH GOLD MINES	0.005	0.010	67	$8,942,401.00
MSE	METALSEARCH	0.007	0.012	57	$5,290,011.50
HOR	HORSESHOE METALS	0.010	0.015	50	$2,919,782.75
VPR	VOLT POWER	0.001	0.002	50	$12,366,800.00
LKO	LAKES OIL	0.001	0.002	50	$50,048,924.00
MTB	MOUNT BURGESS MINING	0.002	0.003	50	$1,560,388.13
RMX	RED MOUNTAIN MINING	0.004	0.006	50	$4,668,220.50
HPR	HIGH PEAK ROYALTIES	0.080	0.115	44	$21,729,986.00
NC6	NANOLLOSE	0.049	0.090	43	$5,249,999.50
EMPDC	EMPEROR ENERGY	0.030	0.041	37	$3,100,856.50
AQX	ALICE QUEEN	0.011	0.015	36	$10,212,402.00
VBS	VECTUS BIOSYSTEMS	0.405	0.540	36	$12,858,998.00
MNW	MINT PAYMENTS	0.022	0.027	35	$21,203,192.00
TRL	TANGA RESOURCES	0.003	0.004	33	$5,092,110.00
AHL	AHALIFE HOLDINGS	0.006	0.007	33	$8,075,999.50
MHC	MANHATTAN CORP	0.003	0.004	33	$2,965,114.75
ALT	ANALYTICA	0.003	0.004	33	$14,078,449.00
MLS	METALS AUSTRALIA	0.002	0.002	33	$5,854,395.50
PCL	PANCONTINENTAL OIL & GAS	0.002	0.002	33	$10,813,431.00
DDD	3D RESOURCES	0.002	0.002	33	$2,214,442.25
DTR	DATELINE RESOURCES	0.003	0.004	33	$32,541,816.00
AJL	AJ LUCAS GROUP	0.090	0.110	33	$90,011,664.00
AZS	AZURE MINERALS	0.094	0.115	33	$13,874,999.00

ASX SMALL CAP LOSERS:

Pharmaxis (ASX:PXS) -20%

After posting a $6.4m profit last financial year, Pharmaxis (ASX:PXS) reported a $20m loss this week for FY19.

But this was largely due to the conditions of the deal Pharmaxis signed with German pharma giant Boehringer Ingelheim (BI) In 2015.

BI bought the rights to develop Pharmaxis’ fatty liver drug and when certain trial conditions were fulfilled, Pharmaxis received $42m in milestone payments.

Without milestone payments in the current financial year, Pharmaxis’ bottom line took a big hit. It also meant revenue fell 74 per cent, down from $50.8m to $13.1m.

Adalta (ASX:1AD) -44%

AdAlta (ASX:A1D) founding CEO Samantha Cobb has resigned after 12 years – and the market didn’t like that one bit.

During her tenure the company has gone from a startup to an ASX-listed company about to commence clinical trial with its anti fibrosis drugs.

The company is currently searching for a new CEO.

Here are the worst performing ASX small cap stocks for for August 12-16 (intraday):

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

Code	Name	Price last Friday	Price this Friday [intraday]	Total Return %	Market Cap
PXS	PHARMAXIS	0.245	0.190	-20	$76,938,264.00
AVC	AUCTUS ALTERNATIVE INVESTMENTS	0.335	0.250	-21	$8,522,848.00
PSZ	PS&C	0.077	0.061	-21	$15,369,563.00
CAP	CARPENTARIA RESOURCES	0.043	0.033	-21	$9,354,506.00
SVT	SERVTECH GLOBAL	0.019	0.016	-21	$9,857,575.00
CSE	COPPER STRIKE	0.087	0.071	-21	$7,585,981.50
IBN	IBUYNEW	0.028	0.022	-21	$479,457.13
CLY	CLANCY EXPLORATION	0.020	0.040	-22	$5,631,826.50
NZS	NZ COASTAL SEAFOODS	0.023	0.018	-22	$9,536,292.00
IP1	INTEGRATED PAYMENT TECHNOLOGIES	0.046	0.036	-22	$11,118,251.00
GMV	G MEDICAL INNOVATION	0.160	0.125	-22	$49,908,652.00
CFE	CAPE LAMBERT RESOURCES	0.009	0.007	-22	$7,210,069.00
RNE	RENU ENERGY	0.035	0.027	-23	$3,295,849.25
FAU	FIRST AU	0.035	0.027	-23	$7,066,566.00
LI3	LITHIUM CONSOLIDATED	0.069	0.053	-23	$5,069,814.00
HWK	HAWKSTONE MINING	0.017	0.014	-24	$8,974,134.00
WBT	WEEBIT NANO	0.550	0.450	-24	$26,732,432.00
RAN	RANGE INTERNATIONAL	0.029	0.022	-24	$4,423,209.50
AD1	APPLYDIRECT	0.020	0.015	-25	$7,037,828.00
DDT	DATADOT TECHNOLOGY	0.008	0.006	-25	$4,863,638.00
NAE	NEW AGE EXPLORATION	0.004	0.003	-25	$2,666,341.25
IVT	INVENTIS	0.004	0.003	-25	$2,107,948.00
OEX	OILEX	0.004	0.003	-25	$8,634,193.00
OLV	OTHERLEVELS	0.009	0.006	-33	$1,721,048.38
UTR	ULTRACHARGE	0.003	0.002	-33	$2,146,761.25
DTM	DART MINING	0.006	0.004	-33	$4,069,504.50
GGX	GAS2GRID	0.003	0.002	-33	$2,514,515.75
MZN	MARINDI METALS	0.002	0.001	-33	$2,248,371.00
VIC	VICTORY MINES	0.002	0.002	-33	$1,363,232.13
ACS	ACCENT RESOURCES	0.006	0.004	-33	$724,000.94
AQC	AUSTRALIAN PACIFIC COAL	0.380	0.240	-37	$12,116,354.00
CYQ	CYCLIQ GROUP	0.002	0.001	-40	$1,141,968.13
1AD	ADALTA	0.195	0.125	-44	$18,073,220.00
GLA	GLADIATOR RESOURCES	0.002	0.002	-50	$1,469,334.13
MCX	MARINER CORP	0.045	0.020	-56	$274,761.63