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

Good morning everyone, and welcome to Wednesday, 8 November.

Aussie shares are poised to open flat on Wednesday after a mixed session on Wall Street.

On Stockhead today…

After dumping a controversial mega iron ore project, can the former Flinders Mines reinvent itself as the king of the iron ore juniors? MD Steven Michael says the new development plan for rebadged Red Hawk Mining would see a small scale project of around 3Mtpa built for just $150 million.

A slowing global economy, along with recession concerns and geopolitical headwinds, have slowed capital raising in 2023. But ASX-listed Complii saw more than $10 billion raised through its platform in FY23. Eddy Sunarto reached out to Craig Mason, Executive Chairman of Complii.

And Guy le Page has called the “second boom” of uranium as just around the corner. Who’s he picking? This ASX junior.

But first..

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,983.80 (-0.43%)

Silver: US$23.14 (-0.27%)

Nickel (3mth): US$17,979/t (-0.19%)

Copper (3mth): US$8,143/t (+0.41%)

Oil (WTI): US$80.97 (+0.57%)

Oil (Brent): US$85.35 (+0.55%)

Iron 62pc Fe: US$126.15/t (+0.46%)

AUD/USD: 0.6509 (+0.03%)

Bitcoin: US$34,889 (-0.8%)

WHAT GOT YOU TALKING

Barrick Gold’s Mark Bristow pours cold water on M&A, placing focus for C$40 billion gold giant on organic growth. Josh Chiat explored how the development of its Pakistan copper asset will help make the gold producer a major copper force, with 450,000t of output annually by 2031.

Prime Minister Anthony Albanese is in China to restore stability with Australia’s largest trading partner. So as Australia looks to improve trade with China, Nadine McGrath looks at which ASX stocks could stand to benefit.

And this…

Stockhead’s Ashtyn Hiron sits down with Corella Resources (ASX:CR9) CEO Jess Maddren to get the short end of the long story on the company’s Tampu high priority alumina (HPA) project. https://t.co/h6A1gBO4gk #ad #ASX $CR9

— Stockhead (@StockheadAU) November 6, 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 NRZR Neurizer Ltd – Rights 10-Nov-23 Def 0.002 100% 1,493,610 $127,674 TWER Treasury Wine Estate – Rts16Nov23 Forusdef 0.86 74% 81,288 $37,811,095 WSP Whispir Limited 0.4825 61% 4,197,436 $39,291,768 CLE Cyclone Metals 0.0015 50% 21,708,476 $10,264,505 MKL Mighty Kingdom Ltd 0.016 45% 1,671,739 $4,624,066 TG6 Tgmetalslimited 0.675 36% 12,212,843 $19,949,263 M4M Macro Metals Limited 0.004 33% 3,513,194 $5,961,233 PUA Peak Minerals Ltd 0.004 33% 1,944,592 $3,124,130 8IH 8I Holdings Ltd 0.012 33% 30,522 $3,216,204 NSM Northstaw 0.065 33% 688,765 $5,886,223 OZM Ozaurum Resources 0.13 31% 3,613,629 $15,716,250 CHK Cohiba Min Ltd 0.0025 25% 383,999 $4,426,488 GTG Genetic Technologies 0.0025 25% 66,658 $23,083,316 LBT LBT Innovations 0.005 25% 293,253 $1,423,601 MRQ Mrg Metals Limited 0.0025 25% 4,220,000 $4,411,837 COV Cleo Diagnostics 0.205 24% 1,068,775 $12,183,188 EXL Elixinol Wellness 0.011 22% 2,604,642 $5,682,095 TRT Todd River Res Ltd 0.011 22% 5,229,430 $5,863,928 S3N Sensore Ltd 0.11 22% 18,929 $3,275,392 KZA Kazia Therapeutics 0.067 22% 1,622,414 $12,999,216 CLU Cluey Ltd 0.088 21% 60,536 $14,717,790 XGL Xamble Group Limited 0.06 20% 56,000 $14,207,812 CTO Citigold Corp Ltd 0.006 20% 2,542,078 $14,368,295 CXU Cauldron Energy Ltd 0.012 20% 14,190,554 $9,735,687 ESR Estrella Res Ltd 0.006 20% 30,737,107 $8,795,359

WordPress Tables Plugin

Yesterday’s Small Caps highlights:

Aussie clinical stage immuno-oncology upstart, Imugene (ASX:IMU) dropped a promising clinical trial update of its Phase 1 MAST (Metastatic Advanced Solid Tumours) trial evaluating the safety and efficacy of novel cancer-killing virus CF33-hNIS (VAXINIA).

Imugene CEO Leslie Chong says IMU’s Phase 1 trials are generally designed to look for safety, tolerability and early response signals to determine the optimal dose for further development.

“The early positive response data we are seeing at the mid-dose level in hard-to-treat bile duct cancer suggests that VAXINIA may be a potent anti-cancer drug as we interrogate higher dose levels.

“With no adverse safety signals, thus allowing us to dose higher, VAXINIA will have a very high therapeutic window which is valuable in oncology drug development.”

Also higher on Tuesday was NickelSearch (ASX:NIS). The WA nickel sulphide explorer is having a +40% kind of week so far, and was up another 17% or so around Melbourne Cup time.

YESTERDAY’S ASX SMALL CAP LAGGARDS

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap REM Remsensetechnologies 0.038 -34% 270,500 $5,701,985 KNM Kneomedia Limited 0.002 -33% 1 $4,514,356 RBR RBR Group Ltd 0.002 -33% 2 $4,855,214 TGH Terragen 0.02 -29% 1,326,160 $10,334,272 AHN Athena Resources 0.003 -25% 1 $4,281,870 CCE Carnegie Cln Energy 0.0015 -25% 522,371 $31,285,147 DCX Discovex Res Ltd 0.0015 -25% 1 $6,605,136 LNU Linius Tech Limited 0.0015 -25% 1,020,000 $9,044,581 MGTR Magnetite Mines – Rights 09-Nov-23 0.003 -25% 29,428 $83,744 NNG Nexion Group 0.012 -25% 596,999 $3,236,926 SIH Sihayo Gold Limited 0.0015 -25% 1 $24,408,512 TMR Tempus Resources Ltd 0.009 -25% 9,640,861 $4,115,074 BVR Bellavistaresources 0.095 -24% 12,590 $6,017,305 HPR High Peak Royalties 0.05 -23% 175,000 $13,523,881 AD1 AD1 Holdings Limited 0.004 -20% 100,000 $4,112,845 DOU Douugh Limited 0.004 -20% 507,977 $5,338,545 ERL Empire Resources 0.004 -20% 1 $5,564,675 FAU First Au Ltd 0.002 -20% 1 $3,629,983 LSR Lodestar Minerals 0.004 -20% 2,435,689 $10,116,987 ROO Roots Sustainable 0.004 -20% 24,529 $766,562 SFG Seafarms Group Ltd 0.004 -20% 126,396 $24,182,996 HMD Heramed Limited 0.033 -18% 690,376 $11,180,568 EEL Enrg Elements Ltd 0.005 -17% 24,000 $6,059,790 SI6 SI6 Metals Limited 0.005 -17% 1,004,224 $11,963,157 OSX Osteopore Limited 0.042 -16% 56,901 $7,745,932

WordPress Tables Plugin

TRADING HALTS

Reward Minerals (ASX:RWD) – Pending the release of an announcement in relation to a potential material acquisition

Impact Minerals (ASX:IPT) – Pending the release of the Lake Hope Scoping Study

Challenger Gold (ASX:CEL) – Pending the release to the market of a material announcement in relation to a Scoping Study for the Hualilan Gold Project in Argentina

Inca Minerals (ASX:ICG) – Pending an announcement regarding a capital raising

The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.