Good morning everyone, and welcome to 06 June, 2024 – an important day in the history of medicine, and a terrible day to be someone called Alexis St Martin.
Because it was on this day in 1822 that Alexis St Martin was accidentally shot in the stomach at close range with a shotgun, with predictable results. Mostly.
St Martin was treated by Dr William Beaumont, who was so firm in his self-belief that he 100% expected that the wound in St Martin’s gut would be fatal.
However, it was not – but, such was the level of care Beaumont provided, the wound never quite healed, leaving St Martin with a fistula, otherwise known as a bloody great hole.
But where St Martin and everybody else saw a gaping hole in the man’s stomach, Beaumont saw opportunity – so he hired St Martin as a “handyman” and set about performing all manner of weird experiments on him, in order to learn as much as he could about the human gastric system by watching it at work right in front of his eyes.
Mostly, Beaumont tied bits of various food to pieces of string, poked them into St Martin’s stomach, and then pulled them out again to see what the digestive juices had done to them.
This, obviously, was unpleasant for St Martin, who reacted by running away to Canada. However, the always-completely-normal and pleasant Dr Beaumont had him tracked down, arrested and brought back for more experiments.
For 13 years.
Eventually, Beaumont decided to move from the US back to his homeland in Canada, where he spent the next 20 years periodically writing letters to St Martin, asking him to move to Canada so that he could start shoving things into his body through the hole in his stomach again.
St Martin politely declined, and the letters eventually stopped coming in 1853, when Beaumont died. Freed from his medical tormentor, St Martin lived until 1880.
Luckily for you, you won’t need to offer yourself up for medical experiments in order to get the news you need to start your day off right.
Because Eddy Sunarto’s got a wonderful piece on how inverse ETFs can help you not lose tons and tons of money, and I’ve put together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,333.91 (+0.25%)
Silver: US$29.61 (+0.40%)
Nickel (3mth): US$18,887/t (-2.21%)
Copper (3mth): US$9,793/t (-0.66%)
Zinc: US$2,868.65/t (-2.04%)
Oil (WTI): US$73.43 (+0.26%)
Oil (Brent): US$77.65 (+0.22%)
Iron 62pc Fe: US$107.69/t (-2.24%)
AUD/USD: 0.6643 (-0.04%)
Bitcoin: US$70,892.80 (+0.50%)
WHAT GOT YOU TALKING
New research out of the US and Australia suggests that coal mines could be (secretly) hosting harvestable critical minerals, I wrote yesterday, like a proper big boy journalist.
Researchers in the US find there are critical Rare Earth Elements (#REEs) lurking in #coal mines, writes Gregor Stronach. https://t.co/7jjIlFtYBA
— Stockhead (@StockheadAU) June 4, 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 CCO The Calmer Co Int 0.012 118% 64,724,025 $7,594,241 MRQ Mrg Metals Limited 0.0015 50% 515,210 $2,525,119 NRZ Neurizer Ltd 0.006 50% 9,512,579 $7,609,723 ADG Adelong Gold Limited 0.0055 38% 52,395,989 $4,471,956 GML Gateway Mining 0.032 33% 7,196,629 $8,291,026 BEL Bentley Capital Ltd 0.029 26% 53,206 $1,750,942 PNX PNX Metals Limited 0.005 25% 539,326 $23,880,859 REM Remsensetechnologies 0.022 22% 8,471 $2,967,474 VN8 Vonex Limited. 0.022 22% 365,408 $6,512,915 SRJ SRJ Technologies 0.067 22% 30,644 $8,761,194 ICL Iceni Gold 0.087 21% 4,727,268 $19,638,796 AYT Austin Metals Ltd 0.006 20% 100,000 $6,620,957 DTM Dart Mining NL 0.024 20% 1,470,454 $5,168,657 FGH Foresta Group 0.012 20% 2,613,320 $23,553,791 JAT Jatcorp Limited 0.67 20% 370,123 $46,629,194 MGA Metalsgrovemining 0.08 19% 1,452,310 $6,024,004 LPM Lithium Plus 0.125 19% 1,789,498 $13,895,700 XPN Xpon Technologies 0.013 18% 450,000 $3,766,856 CTN Catalina Resources 0.0035 17% 273,869 $3,715,461 VAR Variscan Mines Ltd 0.007 17% 106,530 $2,274,002 EXP Experience Co Ltd 0.15 15% 261,777 $98,469,460 OLL Openlearning 0.015 15% 123,196 $3,482,298 AN1 Anagenics Limited 0.008 14% 70,000 $3,229,243 G6M Group 6 Metals Ltd 0.032 14% 4,625,484 $28,112,640 GTI Gratifii 0.008 14% 675,000 $11,284,315
The Calmer Co (ASX:CCO) was well above 100% after news retail sales of its kava-based relaxation beverage have risen dramatically.
Surely can’t be the same flava of Kava that this intrepid reporter once had, which is good news for everyone.
CCO says it’s pulling in some $16,000 a day in e-commerce sales for the month of May, an increase of 45%.
Total sales were reported to be up 28% and will exceed $610,000 in May, against April’s total of $470,000.
Group 6 Metals (ASX:G6M) also did well on Wednesday, climbing after the company released an update on how things are going at its wholly owned Dolphin tungsten mine on King Island, Tasmania.
Group 6 says the open pit has exceeded forecast volumes for ore tonnes and metric tonne units (mtu) of WO3 recovered up until the end of April, despite the operation falling behind schedule.
RemSense Technologies (ASX:REM) has jumped after adding some ballast to the board.
The company said in an update, there’d been some terrific cost-cutting delivering an operating cost savings of approximately $1 million over prior years.
And clinical stage biotech PharmAust (ASX:PAA) jumped by almost +20% this morning after sharing some exciting updates about its ongoing research into Motor Neurone Disease (MND), also called Amyotrophic Lateral Sclerosis (ALS).
PAA announced that enrollment for the Open-Label Extension (OLE) study has now been completed.
This study looks at the long-term safety, tolerability, and effectiveness of PAA’s lead drug, monepantel (MPL), for people with MND/ALS.
PAA says that new and updated data provided by Berry Consultants reveals some promising news — patients who took MPL had a 91% lower risk of death from MND/ALS compared to ‘untreated matched-controls’.
This is significant and suggests that MPL could be a really effective treatment for MND/ALS.
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 EDE Eden Inv Ltd 0.002 -33% 799,204 $11,034,813 AVE Avecho Biotech Ltd 0.003 -25% 22,816 $12,677,188 AXP AXP Energy Ltd 0.0015 -25% 130,848 $11,649,361 ECT Env Clean Tech Ltd. 0.003 -25% 29,082 $12,687,242 EEL Enrg Elements Ltd 0.003 -25% 21,287,350 $4,039,860 LNU Linius Tech Limited 0.0015 -25% 21,035 $11,093,481 RIL Redivium Limited 0.003 -25% 11,607 $10,923,419 TMK TMK Energy Limited 0.003 -25% 483,406 $27,646,448 TMX Terrain Minerals 0.003 -25% 50,000 $5,726,683 VBS Vectus Biosystems 0.089 -23% 417,866 $6,119,210 EV1 Evolutionenergy 0.04 -22% 535,552 $13,322,074 BMM Balkanminingandmin 0.052 -21% 125,266 $4,688,674 IMI Infinitymining 0.028 -20% 59,374 $4,156,369 ADD Adavale Resource Ltd 0.004 -20% 960,000 $5,201,327 ATH Alterity Therap Ltd 0.004 -20% 74,400 $26,225,577 BLZ Blaze Minerals Ltd 0.004 -20% 1,324,400 $3,142,791 ENT Enterprise Metals 0.004 -20% 882,110 $4,423,605 ICU Investor Centre Ltd 0.004 -20% 852,306 $1,522,557 MOM Moab Minerals Ltd 0.004 -20% 270,002 $3,559,815 PUR Pursuit Minerals 0.004 -20% 837,809 $14,719,857 ROG Red Sky Energy. 0.004 -20% 244,719 $27,111,136 SIH Sihayo Gold Limited 0.002 -20% 947,919 $30,510,640 YPB YPB Group Ltd 0.002 -20% 19,786 $2,019,904 CND Condor Energy Ltd 0.036 -18% 12,706,241 $25,432,015 PLC Premier1 Lithium Ltd 0.024 -17% 54,426 $5,062,649
TRADING HALTS
Novonix (ASX:NVX) – reporting that no decision has been made to undertake a capital raising.
Identitii (ASX:ID8) – pending the release of an announcement in relation to a partial underwrite of its Rights Issue.
Caprice Resources (ASX:CRS) – pending an announcement regarding exercise of the option for the Bantam Niobium-REE Project.
Lincoln Minerals (ASX:LML) – pending an announcement in relation to a Top-Up placement to sophisticated and professional investors.
Top End Energy (ASX:TEE) – pending the release of an announcement regarding the grant of a key exploration permit.
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