Rise and Shine: Everything you need to know before the ASX opens

If you’re reading this, then you have made it all the way to Thursday. Celebratory cakes and lukewarm tea will be made available in the break room from 10:00am until 10:15am, and the caterers are under strict instruction to ensure that it is one small cake per person, no exceptions.

That includes you, Liam. We do not want a repeat of last time, because there’s simply no money left in the budget to have the doors to the toilet stall furthest from the door re-installed if you get stuck in there again.

For the rest of you, there’s a big day ahead of us, and the market is all set to open on time this morning, so you all need to be prepared.

Thus, you are required to read Eddy Sunarto’s detailed wrap up of what’s been happening (and what’s due to happen soon) on the IPO front.

Christian Edwards has put an enormous amount of effort into bringing you British semiconductor company Arm’s IPO.

You should definitely read that because Christian gets a little pouty when you don’t, and – as you’re all very well aware – when Christian gets upset, things tend to “spontaneously” catch fire around the office.

Lastly, Bevis “Bevo” Yeo and Jess “Jess Cummins” Cummins have joined forces to deliver a plea from the CSIRO to get decarbonisation at the highest possible priority.

For those of you with early morning meetings scheduled, here’s an at-a-glance-ish run down of the important stuff from yesterday, so you’ve got at least some context for telling your in-laws to invest in whatever “sure thing” you’re feeling confident about today.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,917.25 (+1.04%)

Silver: US$24.32 (+3.97%)

Nickel (3mth): US$20,980/t (+2.32%)

Copper (3mth): US$8,454/t (+1.09%)

Oil (WTI): US$78.74 (-1.13%)

Oil (Brent): US$83.03 (-1.19%)

Iron 62pc Fe: US$107.47/t (+0.66%)

AUD/USD: 0.6479 (+0.2%)

Bitcoin: US$26,507 (+2.19%)

WHAT GOT YOU TALKING

4DS Memory (ASX:4DS) was the talk of the town yesterday, after delivering news of a game-changing breakthrough for the little Aussie memory mob.

After sneaking into a #trading halt on Monday arvo, #shares of the peculiar little Aussie nano-innovator 4DS Memory (#ASX:$4DS) have literally exploded out of the gate, showering investors in a nigh 150% improvement. https://t.co/N3UfPfx4A8

— Stockhead (@StockheadAU) August 23, 2023

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 Company Price % Volume Market Cap SIH Sihayo Gold Limited 0.002 100% 127,998 $12,204,256 4DS 4Ds Memory Limited 0.13 97% 111,595,790 $107,747,853 RDN Raiden Resources Ltd 0.0205 71% 255,272,889 $24,663,227 AJQ Armour Energy Ltd 0.135 53% 267,395 $9,074,570 AL8 Alderan Resource Ltd 0.01 43% 940,805 $4,316,863 NZS New Zealand Coastal 0.002 33% 5,411,293 $2,481,015 PRX Prodigy Gold NL 0.007 27% 4,008,856 $9,631,093 BPP Babylon Pump & Power 0.005 25% 1,893,000 $9,831,085 EDE Eden Inv Ltd 0.005 25% 4,436,140 $11,987,881 HNR Hannans Ltd 0.01 25% 955,228 $21,796,838 NC6 Nanollose Limited 0.069 23% 200,145 $8,337,637 DRX Diatreme Resources 0.027 23% 3,572,020 $82,054,701 MYE Metarock Group Ltd 0.14 22% 2,726 $34,613,990 ZLD Zelira Therapeutics 1.12 22% 7,304 $10,439,383 IGN Ignite Ltd 0.06 20% 2,004,800 $4,479,109 FAU First Au Ltd 0.003 20% 800,000 $3,629,983 GMN Gold Mountain Ltd 0.0095 19% 4,598,134 $18,152,629 WYX Western Yilgarn NL 0.255 19% 1,496,869 $10,676,363 CKA Cokal Ltd 0.13 18% 684,937 $118,684,388 JGH Jade Gas Holdings 0.041 17% 538,032 $35,217,147 HOR Horseshoe Metals Ltd 0.014 17% 295,617 $7,721,744 OAU Ora Gold Limited 0.007 17% 47,491,653 $28,138,770 RDS Redstone Resources 0.007 17% 1,150,000 $5,228,271 YPB YPB Group Ltd 0.0035 17% 250,124 $2,230,384 ODM Odin Metals Limited 0.022 16% 291,700 $14,233,320

WordPress Table Plugin

Yesterday’s Small Caps standouts were:

Closing at almost +100%, Aussie semiconductor-friendly 4DS Memory (ASX:4DS) took the small cap cake, ate it and then laughed at the other kids in a massive performance critics called “actual massive”.

Also killing it softly was Raiden Resources (ASX:RDN) on news the digger’s found a ~3.5km long, 600m wide pegmatite field at its Andover South tenements with individual pegmatites outcropping up to 30m widths.

The Andover South project, if you’ve not been paying attention, is right next door to where Azure Minerals (ASX:AZS) has been drilling out lithium for fun just lately. Wake-riding and nearology a-go-go.

As Stockhead’s gallant crypto-commods guru and man about town Robert Badman noted, Raiden has completed its latest fact-finding mission, confirming the go-ahead to acquire an 80% interest in five more lithium tenements – nearby the privately held Welcome Exploration project and, yes, adjoining the stupendously-hot-right-now Azure Minerals Andover lithium discovery in the Pilbara.

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 Company Price % Volume Market Cap DXN DXN Limited 0.001 -50% 3,250,000 $3,446,680 EMU EMU NL 0.001 -50% 2,050,000 $2,900,043 CLE Cyclone Metals 0.001 -33% 124,843 $15,396,757 MRQ Mrg Metals Limited 0.002 -33% 195,000 $6,557,756 MXC Mgc Pharmaceuticals 0.002 -33% 3,144,438 $11,677,079 CVB Curvebeam Ai Limited 0.33 -31% 4,862,968 $87,774,718 EEL Enrg Elements Ltd 0.005 -29% 3,810,714 $7,069,755 VAL Valor Resources Ltd 0.003 -25% 24,799,245 $15,313,339 FTL Firetail Resources 0.135 -23% 915,155 $16,843,750 MRI Myrewardsinternation 0.012 -20% 4,520,689 $5,831,275 CTO Citigold Corp Ltd 0.004 -20% 1,096,125 $14,368,295 ENT Enterprise Metals 0.004 -20% 224 $3,997,355 SRY Story-I Limited 0.004 -20% 500,000 $1,882,024 WTC Wisetech Global Ltd 70.16 -19% 3,902,793 $28,735,464,293 ESK Etherstack PLC 0.3 -19% 329,967 $48,750,091 AKG Academies Aus Grp 0.265 -18% 160,123 $43,099,702 TOY Toys R Us 0.009 -18% 5,399,977 $10,152,099 JCS Jcurve Solutions 0.035 -17% 157,766 $13,790,424 AVM Advance Metals Ltd 0.005 -17% 212,388 $3,531,352 LRL Labyrinth Resources 0.005 -17% 1,104,218 $7,125,262 M4M Macro Metals Limited 0.0025 -17% 524,535 $5,961,233 MCT Metalicity Limited 0.0025 -17% 12,942,828 $11,208,257 PUA Peak Minerals Ltd 0.0025 -17% 304 $3,124,130 SGC Sacgasco Ltd 0.005 -17% 2,512,973 $4,641,496 SKN Skin Elements Ltd 0.005 -17% 1,311,694 $3,416,917

WordPress Table Plugin