Good morning everyone, and welcome to 05 June, 2024 – an important day in the history of the world for a variety of reasons.
It was on this day in 1661 that a spotty young herbert named Isaac Newton was admitted to Trinity College in Cambridge, shortly before he was hit in the head by a wayward piece of fruit, which led him to invent gravity and stop everything on the planet from just bobbing around aimlessly in the air.
On this day in 1799, naturists Alexander von Humboldt and Aimé Bonpland set sail in the Pizarro from Spain, beginning a five-year, fully nude odyssey through Latin America.
Sorry… that’s meant to say naturalists. My bad… let me try that again.
On this day in 1799, naturalists Alexander von Humboldt and Aimé Bonpland set sail in the Pizarro from Spain, beginning a five-year expedition to Latin America, returning with the blueprints for how to make millions of dollars a year by busking with pan flutes and guitars.
And on this day in 1829, HMS Pickle captured the armed slave ship Voladora off the coast of Cuba, which led indirectly to the rise of Communism on the island, and directly to the common English hard-luck term “to find oneself in a bit of a pickle”.
Luckily for you, you won’t won’t have to rampage through Latin America in the nude for five years to get the best of the pre-market info you need to get the week started off right… unless you really want to, in which case, I am totally up for that as well.
But to help you this morning, Christian Edwards has been on the phone with little Aussie investment bank Barrenjoeys, to find out what’s blowing the wind up their trouser legs this week and Nadine McGrath’s filed this piece on the Tech Winners for May shortly before buggering off on holiday, the lucky sod.
Meanwhile, I’ve put together lots of fiddly little things below, so you can don’t need to go ferreting all over the internet for your ASX info this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,349.61 (-0.12%)
Silver: US$30.65 (-0.40%)
Nickel (3mth): US$19,661/t (+1.81%)
Copper (3mth): US$10,088/t (+0.71%)
Zinc: US$2,928.30/t (+0.48%)
Oil (WTI): US$73.31 (-1.22%)
Oil (Brent): US$77.65 (-0.94%)
Iron 62pc Fe: US$111.10/t (-6.74%)
AUD/USD: 0.6662 (-0.41%)
Bitcoin: US$68,893.80 (+0.15%)
WHAT GOT YOU TALKING
If you’re into rhyme-based investing strategies, James Whelan’s got some bad news (and loads of scorn) for you right here:
.@jameswhelan42: Shout-out to the “Sell in May” crowd for getting it wrong again. This is why rhyme-based investing is stupid. Wall St’s May was its best in the last 10 years. https://t.co/bH7yoYuIeM
— Stockhead (@StockheadAU) June 3, 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 LSR Lodestar Minerals 0.002 100% 884,035 $2,023,397 EDE Eden Inv Ltd 0.003 50% 4,034,583 $7,356,542 COV Cleo Diagnostics 0.310 29% 1,224,594 $17,784,000 BLZ Blaze Minerals Ltd 0.005 25% 218,725 $2,514,233 MKL Mighty Kingdom Ltd 0.005 25% 1,809,112 $9,990,399 PKO Peako Limited 0.005 25% 3,946,072 $2,108,339 RLG Roolife Group Ltd 0.005 25% 253,000 $3,129,527 SIH Sihayo Gold Limited 0.003 25% 3,258 $24,408,512 YPB YPB Group Ltd 0.003 25% 219,785 $1,615,923 ADN Andromeda Metals Ltd 0.021 24% 38,305,146 $52,874,606 CND Condor Energy Ltd 0.045 22% 25,717,959 $21,386,013 PEC Perpetual Res Ltd 0.017 21% 2,989,853 $8,960,412 VFX Visionflex Group Ltd 0.006 20% 120,000 $7,084,956 IMI Infinitymining 0.037 19% 270,220 $3,681,355 NTU Northern Min Ltd 0.043 18% 16,832,340 $212,795,253 KAL Kalgoorliegoldmining 0.033 18% 358,869 $4,438,020 ZEO Zeotech Limited 0.033 18% 974,247 $49,095,846 AEV Avenira Limited 0.007 17% 4,770,260 $14,094,204 LPD Lepidico Ltd 0.004 17% 1,583,890 $25,767,358 MPR Mpower Group Limited 0.014 17% 510,400 $4,124,439 RKT Rocketdna Ltd. 0.007 17% 1,054,076 $3,936,689 TSL Titanium Sands Ltd 0.007 17% 402,202 $13,270,483 SUM Summitminerals 0.230 15% 2,141,059 $9,531,425 ATR Astron Corp Ltd 0.745 15% 200,820 $111,238,446 AQX Alice Queen Ltd 0.008 14% 62,500 $4,836,930
Yesterday’s Small Cap Winners included:
Little known med-tech player Opticomm (ASX:OPC) surged after announcing the launch of a “ground-breaking new microscopic medical imaging device” called InVue, which the company says has been designed “to enable precision surgery by putting real-time digital pathology access directly into the hands of surgeons”.
Condor Energy (ASX:CND) was moving well after providing an update on exploration progress at its Technical Evaluation Agreement (TEA) off the coast of Peru.
Condor is reporting that there is evidence of multiple petroleum systems at two large oil prospects (Raya and Bonito) and regional mapping shows that the primary source rock interval, the Oligocene/Miocene aged Heath Formation, is mature for oil generation over much of the TEA area.
Perpetual Resources (ASX:PEC) is flexing hard again. The reason? It’s rare earths this time. The company has announced the commencement of its exploration program at the Raptor REE project, which is situated in the prolific Caldeira REE complex in Minas Gerais, Brazil.
Specifically, this very initial stage of the operation represents the due diligence exploration phase. Raptor covers a strategic area of 380 hectares, and has some nearology chops as reason for the company to be excited. It’s located close to Meteoric Resources’ (ASX:MEI) Tier 1 Caldeira ionic clay REE project, which boasts a JORC Mineral Resource Estimate of 545 million tonnes at 2,561ppm TREO comprising 24.1% MREO.
G11 Resources (ASX:G11) surged after announcing strong new assay and down hole geophysics results from a recent reverse circulation (RC) drilling program at Wilandra Central. That’s a key target area within the 30km-long Wilandra Copper Corridor of the company’s wholly owned Koonenberry project.
Genetic Signatures (ASX: GSS), a company known for its molecular diagnostic solutions for infectious diseases, has just received clearance from the US FDA for its EasyScreen Gastrointestinal Parasite Detection Kit and GS1 automated workflow. This is a significant announcement in the world of clinical diagnostics, especially for expanded testing for gastrointestinal (GI) parasites.
The approval means that healthcare professionals now have a powerful new tool to accurately and quickly diagnose these kinds of infections.
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 APC Aust Potash Ltd 0.001 -33% 595,023 $6,030,284 AUK Aumake Limited 0.002 -33% 21 $5,743,220 CNJ Conico Ltd 0.001 -33% 50,454 $2,707,643 SI6 SI6 Metals Limited 0.002 -33% 2,545,532 $7,106,578 ICU Investor Centre Ltd 0.005 -29% 1,038,098 $2,131,579 AMD Arrow Minerals 0.003 -25% 754,315 $40,557,460 MHC Manhattan Corp Ltd 0.002 -25% 328,000 $5,873,960 TD1 Tali Digital Limited 0.002 -25% 1,597,858 $6,590,311 TX3 Trinex Minerals Ltd 0.003 -25% 22,284,306 $7,314,609 GTI Gratifii 0.007 -22% 603,112 $14,508,405 AL8 Alderan Resource Ltd 0.004 -20% 16,074,381 $5,534,307 BCK Brockman Mining Ltd 0.016 -20% 654,783 $185,604,643 IBG Ironbark Zinc Ltd 0.004 -20% 142,857 $7,969,363 LNR Lanthanein Resources 0.004 -20% 177,750 $12,218,181 PUR Pursuit Minerals 0.004 -20% 227,367 $14,719,857 DY6 Dy6Metalsltd 0.093 -19% 936,573 $4,647,246 WEC White Energy 0.034 -19% 20,667 $4,755,884 BCM Brazilian Critical 0.018 -18% 1,363,894 $16,411,050 CAN Cann Group Ltd 0.051 -18% 6,199,616 $27,123,891 AQD Ausquest Limited 0.014 -18% 20,000 $14,027,537 IXU Ixup Limited 0.014 -18% 8,565 $25,575,127 AGC AGC Ltd 0.400 -18% 2,442,354 $107,777,778 ZMM Zimi Ltd 0.019 -17% 5,334 $2,837,005 AM7 Arcadia Minerals 0.050 -17% 352,075 $7,023,006
TRADING HALTS
Stealth Global (ASX:SGI) – pending an announcement regarding a proposed acquisition.
Firetail Resources (ASX:FTL) – pending an announcement regarding a proposed acquisition and capital raising.
Equinox Resources (ASX:EQN) – pending an announcement regarding material exploration results.
Star Minerals (ASX:SMS) – pending an announcement regarding a capital raising.
LTR Pharma (ASX:LTP) – pending an analysis of data and an announcement in relation to the initial clinical trial results of its pivotal study of Spontan Nasal Spray treatment of Erectile Dysfunction.
Many Peaks Minerals (ASX:MPK) – pending an announcement in relation to a proposed capital raising.
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