Good morning everyone, and welcome to 28 May, 2024 – an important day in the history of gender politics.
That’s because it was on this day in 1482 that Joan of Arc turned up in public dressed like a dude, in clear breach of her parole conditions.
Despite Joan pointing out that she was getting about the place in men’s kit in order to avoid being raped – a pretty solid argument at the time – the English seized the opportunity to point out that she was being (in their eyes) an enormous pain in England’s arse because of her cross-dressing.
A huge call from a bunch of dudes who dressed a bit like ladies, with all their fancy robes and such.
That’s why Joan was re-arrested, hastily tried and promptly barbecued just three days later – a total travesty of justice, as proven by the fact that just 25 years after her murder, a re-trial was held.
Joan didn’t attend, but had she been able to turn up, she would no doubt be pretty unhappy that the retrial found her innocent, and the charges of heresy that led to her death were overturned.
And not by just a little bit, either – her conviction was overturned to such an extent than in 1920, the Catholic Church went the whole hog and canonised her into sainthood, where she is now the patron saint of France, soldiers, prisoners, those in need of courage, those ridiculed for their faith, youth, and looking fab-u-lous in a pair of jeans.
Luckily for you, however, we’re (mostly) a far more tolerant society these days, so you won’t need to be burnt at the stake for your chance to dress up however you want – and you won’t be tried for heresy if you go looking for any news that could help you with your plays on the market today.
Our top stories for the morning include Earlybird Eddy’s dive into what Argonaut thinks is on the horizon for the ASX, and as always, I’ve pulled together all the bits and bobs and data and digits below, so you can look super-duper-smart in front of your mates when the market opens this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,343.21(+0.38%)
Silver: US$30.84 (+1.58%)
Nickel (3mth): US$19,.954/t (-0.73%)
Copper (3mth): US$10,129/t (-0.73%)
Zinc: US$2,999.40/t (-0.21%)
Oil (WTI): US$78.03 (+0.42%)
Oil (Brent): US$82.17 (+0.06%)
Iron 62pc Fe: US$117.60/t (+0.01%)
AUD/USD: 0.634 (+0.15%)
Bitcoin: US$68,517.40 (+0.07%)
WHAT GOT YOU TALKING
Eddy’s been busy trying to explain stuff to everyone again, and this time it’s about selling too soon, or holding too long. Here’s why you’re doing it, and how you can stop.
Disposition Effect is when you sell winners too soon and hold losers too long. Should investors actually let profits run and cut losses? #ASX #stocks #trading https://t.co/vU6XM2kS72
— Stockhead (@StockheadAU) May 26, 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 DY6 Dy6Metalsltd 0.180 374% 16,147,115 $1,535,612 CAQ CAQ Holdings Ltd 0.027 80% 1,347,801 $10,766,794 SNX Sierra Nevada Gold 0.120 54% 297,345 $5,933,844 AMM Armada Metals 0.020 54% 2,581,988 $2,704,000 APC Aust Potash Ltd 0.002 50% 1,070,680 $4,020,189 YPB YPB Group Ltd 0.003 50% 407,121 $1,615,923 NAG Nagambie Resources 0.014 40% 901,038 $7,966,357 HYD Hydrix Limited 0.015 36% 2,487,383 $2,796,407 ECT Env Clean Tech Ltd. 0.004 33% 2,309,999 $9,515,431 WMG Western Mines 0.445 33% 635,977 $25,365,591 A8G Australasian Metals 0.100 32% 802,948 $3,961,158 BUS Bubalusresources 0.200 25% 150,688 $5,147,788 ALR Altairminerals 0.005 25% 400,000 $17,186,310 BNL Blue Star Helium Ltd 0.010 25% 17,705,489 $15,538,122 KRR King River Resources 0.010 25% 1,513,440 $12,428,200 MCT Metalicity Limited 0.003 25% 2,059,063 $8,970,190 NRZ Neurizer Ltd 0.003 25% 2,339,318 $3,804,841 SIH Sihayo Gold Limited 0.003 25% 210,000 $24,408,512 DXB Dimerix Ltd 0.420 24% 18,654,979 $186,889,375 HAL Halo Technologies 0.100 22% 110,378 $10,548,184 POL Polymetals Resources 0.335 22% 109,386 $43,344,897 MEL Metgasco Ltd 0.006 20% 1,088,957 $6,244,434 SRT Strata Investment 0.250 19% 429,256 $35,578,951 PFT Pure Foods Tas Ltd 0.044 19% 186,091 $4,080,904
Yesterday’s Small Cap Winners included:
Explorer DY6 Metals (ASX:DY6) was soaring on Monday morning, after revealing that the company has taken a closer look at historic drill samples from the Tundulu project in southern Malawi, and found that the project is – apparently – absolutely riddled with Rare Earths.
Drilling intercepts including 101m @ 1.02% TREO from surface, 109m @ 1.06% TREO from 53m and 97m @ 1.35% TREO from surface tell the story – there’s probably a lot of valuable stuff there, close to the surface – which DY6 says compares favourably to Lynas’ (ASX:LYC) Mt Weld deposit.
Also doing well was Armada Metals (ASX:AMM), on news that a binding agreement has been signed to acquire 100% of the issued capital of Midwest Lithium, an Australian company that currently holds, or has the right to acquire, a 100% interest in 1,098 unpatented lode mining claims covering approximately 93km2, located in the Black Hills of South Dakota, USA. On completion, Midwest shareholders will hold 50% of the enlarged post capital raising, issued share capital of Armada. The transaction is subject to various conditions, of course, “including execution of long form agreements and the completion of satisfactory legal, financial, tax and technical due diligence by Armada”
Hydrix (ASX:HYD) was also moving well on Monday morning, on news that its wholly-owned subsidiary Hydrix Services has entered into a $2.3m contract with leading European medical company Paul Hartmann, to provide a second round of services to assist with product development.
And Australasian Metals (ASX:A8G) was on the rise, after it announced it has entered into an Option Agreement with Verdant Minerals regarding the Dingo Hole high pure quartz project in the Northern Territory and Queensland. That operation is known as the Dingo Hole high pure quartz project and A8G has entered an agreement with Verdant Minerals regarding it.
High Pure Quartz HPQ is a rapidly growing minerals sector, and that’s largely due to the material’s high industrial usage in the tech and electronics industry (yes, AI), including for semiconductors, solar panels, optical glass, optical fibres and more.
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 KOR Korab Resources 0.005 -29% 311,655 $2,569,350 GHY Gold Hydrogen 1.470 -26% 2,455,930 $152,176,101 LSR Lodestar Minerals 0.002 -25% 32,505 $4,046,795 NAE New Age Exploration 0.003 -25% 735,000 $7,175,596 ODE Odessa Minerals Ltd 0.003 -25% 18,306 $4,173,130 AMO Ambertech Limited 0.240 -25% 433,714 $30,529,531 EMS Eastern Metals 0.038 -24% 1,156,396 $4,941,312 ICU Investor Centre Ltd 0.010 -23% 1,097,387 $3,958,647 AAU Antilles Gold Ltd 0.007 -22% 10,962,612 $8,968,815 PPY Papyrus Australia 0.012 -20% 661,021 $7,390,389 CVR Cavalierresources 0.160 -20% 94,286 $6,365,783 S66 Star Combo 0.120 -20% 21,602 $20,262,447 MKL Mighty Kingdom Ltd 0.004 -20% 73,624 $12,487,999 PRX Prodigy Gold NL 0.002 -20% 29,704 $5,034,435 RBR RBR Group Ltd 0.002 -20% 2,195,101 $4,086,012 TAS Tasman Resources Ltd 0.004 -20% 84,375 $3,563,346 YAR Yari Minerals Ltd 0.004 -20% 15,231 $2,411,789 SER Strategic Energy 0.028 -18% 28,235,760 $16,517,715 ADR Adherium Ltd 0.019 -17% 2,634,729 $8,970,920 SBM St Barbara Limited 0.233 -17% 25,878,794 $229,031,706 AUK Aumake Limited 0.003 -17% 11,014 $5,743,220 LRL Labyrinth Resources 0.005 -17% 15,888 $7,125,262 REM Remsensetechnologies 0.020 -17% 20,784 $3,956,632 CCE Carnegie Cln Energy 0.041 -16% 824,304 $15,329,820
TRADING HALTS
Sierra Nevada Gold (ASX:SNX) – pending an announcement to the market in relation to a capital raising.
Kincora Copper (ASX:KCC) – pending an announcement in relation to a proposed joint venture agreement.
Gateway Mining (ASX:GML) – pending an announcement in relation to a capital raising.
Emu (ASX:EMU) – pending the release of an announcement regarding an equity raise.
Winsome Resources (ASX:WR1) – pending the release of the details of an upgraded Mineral Resource Estimate.
Western Gold Resources (ASX:WGR) – pending an announcement to the market in relation to a capital raising.
Desoto Resources (ASX:DES) – pending an announcement regarding a strategic acquisition.
OD6 Metals (ASX:OD6) – pending an announcement of a Mineral Resource Estimate Upgrade at the Splinter Rock Project
Adriatic Metals (ASX:ADT) – pending an announcement concerning a capital raising.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
