Good morning everyone, and welcome to 23 May, 2024 – an important day in history for a variety of reasons.
It was on this day in 1059 that French King Henri I crowned his son King Philip I of France, who was better known as King Philip the Amorous, because of all the rooting.
In 1430, on this day, Joan of Arc was captured at Compiegne and sold to the English for 10,000 quid, after a last minute messenger arrived at court to announce that French King Charles VII had outbid at the last minute on Ye Olde eBaye.
And on this day in 1576, King Frederick of Denmark gave the island of Hveen to astronomer and nobleman Tycho Brahe, who promptly built the Uraniborg Observatory, which will never not make me laugh.
Honestly… Uraniborg. It sounds like a medical supplement for robots with mechanical kidney stones.
Happily, you won’t need to be taking industrial quantities of Uraniborg in order to benefit from the hard work of our writers this morning, as they’ve been scribbling away furiously to bring you all the best info you need to get your day started.
Earlybird Eddy Sunarto has found out how to prevent Alzheimer’s, and Earlybird Eddy Sunarto has found out how to prevent Alzheimer’s,. I should probably read it.
And I’ve managed to ignore the fact that there’s a fella repairing the awning outside the cafe across the road who looks distressingly like Old Man Marley from Home Alone, just long enough to pull together all the bits and bobs and data and digits below, so you look smart in front of your mates when the market opens this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,413.15 (-0.36%)
Silver: US$31.69 (-0.91%)
Nickel (3mth): US$21,272/t (+0.04%)
Copper (3mth): US$10,7762.40/t (-0.78%)
Zinc: US$3,058.72/t (+0.66%)
Oil (WTI): US$78.03 (-0.23%)
Oil (Brent): US$82.27 (-0.34%)
Iron 62pc Fe: US$117.24/t (+0.19%)
AUD/USD: 0.6668 (+0.02%)
Bitcoin: US$69,711.90 (-0.61%)
WHAT GOT YOU TALKING
Guy le Page took a stroll down (recent) memory lane, to revisit his thoughts on goldies and play a spot of “where are they now?”. It is very much worth a read.
Guy Le Page: “With #gold on a tear, I thought it was time to dig into the vault to see what I had turned up in the last year or so that may be worth revisiting.” #ASX https://t.co/v9MxegITUO
— Stockhead (@StockheadAU) May 21, 2024
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 Name Price % Change Volume Market Cap CHR Charger Metals 0.125 76% 6,386,111 $5,496,838 GCR Golden Cross 0.003 50% 1,313,016 $2,194,512 ME1 Melodiol Glb Health 0.003 50% 1,513,657 $1,426,974 AML Aeon Metals Ltd. 0.010 43% 4,924,615 $7,674,804 PIL Peppermint Inv Ltd 0.011 38% 9,945,336 $16,970,867 MTH Mithril Resources 0.270 35% 8,523,563 $16,915,244 ERL Empire Resources 0.004 33% 100,000 $4,451,740 NPM Newpeak Metals 0.027 29% 2,415,313 $2,595,986 CAZ Cazaly Resources 0.023 28% 5,474,680 $8,183,454 LTP Ltr Pharma Limited 0.495 27% 861,131 $27,458,140 AGC AGC Ltd 0.490 26% 6,209,712 $86,666,667 KNB Koonenberrygold 0.021 24% 4,068,346 $4,892,387 M2M Mtmalcolmminesnl 0.021 24% 131,006 $2,974,586 KRM Kingsrose Mining Ltd 0.058 23% 23,687,420 $35,368,746 GIB Gibb River Diamonds 0.045 22% 4,965,167 $7,825,849 G50 G50Corp Ltd 0.180 20% 139,899 $16,393,500 RIE Riedel Resources Ltd 0.003 20% 10,017 $5,559,589 RML Resolution Minerals 0.003 20% 40,000 $4,025,055 APL Associate Global 0.125 19% 30,000 $5,931,705 ADO Anteotech Ltd 0.026 18% 18,200,997 $54,214,322 FIN FIN Resources Ltd 0.013 18% 2,598,630 $7,141,956 NMR Native Mineral Res 0.034 17% 761,759 $6,085,665 MDR Medadvisor Limited 0.375 17% 3,030,237 $176,105,052 IR1 Irismetals 0.380 17% 599,990 $42,098,869 AHK Ark Mines Limited 0.140 17% 40,000 $6,653,570
Yesterday’s Small Cap Winners included:
Charger Metals (ASX:CHR), was up on news that the company has defined new lithium and niobium soil anomalies at the Lake Johnston project in WA, which the company is running as a JV with mining giant Rio Tinto (ASX:RIO). The Lake Johnston project is a JV with massive Aussie mining gun Rio Tinto (ASX:RIO).
Gibb River Diamonds (ASX:GIB) was also up, moving more than +50% on Tuesday’s news that the company has secured mining leases M04/475, M04/476 and M04/477 which are the three key licences at the heart of developing the Ellendale Diamond Project, 140km east of Derby in the West Kimberley region of Western Australia.
Silver explorer Mithril Resources (ASX:MTH) was reinstated to the market, following a lengthy absence from trading as the company worked towards meeting ASX requirements required to lift a trading suspension. Mithril recently held an AGM to ratify its recent financing efforts, which raised ~A$5m, and a share consolidation, and hit the market floor running on Wednesday to jump as high as +50% in brisk trade.
Aeon Metals (ASX:AML) rose on some land access news that certainly will encourage it, and its shareholders. The traditional owners of the Walford Creek region, the Waanyi PBC and Waanyi People have agreed terms for a new Cultural Heritage Protection Agreement (CHPA). And what that allows for is Aeon to recommence activities at Walford Creek, with pen being put to paper on relevant documents and signed by the necessary people, imminent. Business is business – this comes after a year of negotiations, the results of which will now enable Aeon to drill into the Fish River Fault and its surrounds and carry out “ongoing project development”
The Canadian-focused lithium hunter, Fin Resources (ASX:FIN), jumped after some fresh drilling news. Specifically, eight diamond drill holes have now been successfully completed at its White Bear prospect within the broader Cancet West project in James Bay, Quebec. They’re holes. Tick. And they’ve been successfully drilled. Double tick. But more than this, we know, too, that the drilling intersected the White Bear pegmatite, which has been confirmed as spodumene bearing, based on geological observations and LIBS data. Five holes have interesected visual megacrystic spodumene up to 15cm in length.
And… MedAdvisor (ASX:MDR) jumped after providing guidance for the full year ending this June. Based on the strong start to Q4 FY24 and anticipated activity levels over the remainder of this quarter, the company expects to deliver positive revenue, EBITDA and NPAT for the full year. Revenue is set to come in between $120m-$123m, an all time record (versus $98m in the pcp) EBITDA is set to come in between $6.8m -$7.6m (versus loss of -$3m in the pcp) NPAT is set to come in between $0.5m -$0.8m, first ever profit for the firm, (versus loss of -$11.3m in the pcp).
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 Name Price % Change Volume Market Cap MRD Mount Ridley Mines 0.001 -50% 21,249,995 $15,569,766 PKO Peako Limited 0.003 -40% 102,000 $2,635,424 SHP South Harz Potash 0.012 -37% 9,258,294 $15,716,514 CGR Cgnresourceslimited 0.205 -34% 4,512,719 $28,141,239 AYM Australia United Min 0.002 -33% 308,654 $5,527,732 CNJ Conico Ltd 0.001 -33% 265,255 $2,707,643 IEC Intra Energy Corp 0.002 -33% 7,784,021 $5,072,345 INP Incentiapay Ltd 0.004 -33% 5,194 $7,463,580 BFC Beston Global Ltd 0.003 -25% 150,250 $7,988,188 CTN Catalina Resources 0.003 -25% 270,456 $4,953,948 SNS Sensen Networks Ltd 0.020 -20% 168,305 $19,393,359 EXL Elixinol Wellness 0.004 -20% 246,356 $6,505,370 H2G Greenhy2 Limited 0.008 -20% 951,852 $5,141,842 HLX Helix Resources 0.004 -20% 40,733,228 $15,487,635 MHC Manhattan Corp Ltd 0.002 -20% 2,339,982 $7,342,449 MTL Mantle Minerals Ltd 0.002 -20% 2,330,000 $15,493,615 DGR DGR Global Ltd 0.013 -19% 219,293 $16,699,096 HAL Halo Technologies 0.073 -18% 15,500 $11,448,639 NC6 Nanollose Limited 0.024 -17% 66,126 $4,988,185 EOF Ecofibre Limited 0.058 -17% 16,007 $26,521,173 AKG Academies Aus Grp 0.150 -17% 25,000 $23,870,604 1MC Morella Corporation 0.003 -17% 2,121,712 $18,536,398 AYT Austin Metals Ltd 0.005 -17% 15,000 $7,945,148 BUY Bounty Oil & Gas NL 0.005 -17% 112,543 $8,991,006 PRX Prodigy Gold NL 0.003 -17% 27,776 $6,041,322
Auking Mining (ASX:AKN) – pending an announcement regarding a capital raising.
Top Shelf International Holdings (ASX:TSI) – pending an announcement regarding a capital raising.
Stellar Resources (ASX:SRZ) – pending an announcement regarding a capital raising.
Paterson Resources (ASX:PSL) – pending an announcement in relation to a binding Share Sale Agreement.
Murray Cod Australia (ASX:MCA) – pending an announcement regarding a placement and an accelerated non-renounceable entitlement offer.
NT Minerals (ASX:NTM) – pending an announcement regarding entry into a right to mine agreement.
AIC Mines (ASX:A1M) – pending the launch of an institutional placement.
AUB Group (ASX:AUB) – pending a proposed capital raising comprising an institutional placement.
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