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

Good morning everyone, and welcome to 19 June, 2024 – an important day in the history of things and other stuff.

It was on this day in 1205 that Pope Gregory III fired Adolf I from his position of Archbishop of Cologne, busting him all the way down to Under Secretary of Deodorant for being a twerp.

In 1770, the man with the most Swedish-sounding name ever, Emmanuel Swedenborg (yes, really…) finished his work titled True Christian Religion, in which he explained to anyone who bothered to read it that the highly-vaunted and eagerly awaited Second Coming of Christ had, in fact, already occurred. Swedenborg swore he saw Jesus down the skatepark but he ran off before Swedenborg could challenge him to an ollie comp.

And it was on this day in 1917 that the British Royal Family decided that their surname – Saxe-Coburg-Gotha – was “a bit too German”, especially considering England was involved in a bit of a skirmish called World War I, and decided to change their name to something more British.

After deciding the best suggestions – Wozzlepop and Pip-pip-cheerio – were a bit silly, they decided instead for something more conservative, naming the royal family Windsor, after a particular knot best used for neckties and other assorted “tying people up” games.

Luckily for you, you won’t have to be tied up and tickled by elderly members of the Royal Family in order to get the information you need before the market opens today.

Christian Edwards has toiled for literal hours to bring you his analysis of RBA Governor Michele Bullock’s scrunched up face, and – as always – I’ve thrown 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$2,320.55 (+0.16%)

Silver: US$29.40 (-0.40%)

Nickel (3mth): US$17,198/t (-0.30%)

Copper (3mth): US$9,476/t (-1.79%)

Zinc: US$2,756/t (+0.90%)

Oil (WTI): US$80.16 (-0.57%)

Oil (Brent): US$84.11 (-0.36%)

Iron 62pc Fe: US$107.05/t (-0.26%)

AUD/USD: 0.6620 (+0.03%)

Bitcoin: US$65,733.10 (-1.15%)

WHAT GOT YOU TALKING

Justin Kelly sat down with leading international behaviour and deception expert Scott Taylor, CEO of Praesidium Risk and Resilience. It’s a bangin’ read. Honest.

Justin Kelly interviews Scott Taylor, a leading international behaviour and deception expert and CEO of Praesidium Risk and Resilience. #podcast https://t.co/mgl7ryrjzM

— Stockhead (@StockheadAU) June 18, 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 ME1 Melodiol Glb Health 0.040 33% 1,364,667 $1,093,493 AKM Aspire Mining Ltd 0.390 30% 1,265,898 $152,291,096 CCZ Castillo Copper Ltd 0.007 27% 1,766,458 $7,147,279 WBE Whitebark Energy 0.014 27% 244,033 $2,112,004 88E 88 Energy Ltd 0.003 25% 1,056,371 $57,785,344 RML Resolution Minerals 0.003 25% 5,000,000 $3,220,044 RCR Rincon 0.090 22% 13,428,707 $21,334,620 PL3 Patagonia Lithium 0.115 21% 2,041,521 $4,667,208 JRV Jervois Global Ltd 0.018 20% 13,669,739 $40,541,457 ION Iondrive Limited 0.012 20% 1,367,432 $6,048,566 KRR King River Resources 0.012 20% 19,396,561 $15,535,249 SI6 SI6 Metals Limited 0.003 20% 2,995,833 $5,922,149 CYP Cynata Therapeutics 0.310 19% 109,709 $46,704,264 IR1 Irismetals 0.330 18% 132,602 $37,389,795 TNY Tinybeans Group Ltd 0.073 18% 1,627,986 $8,890,808 NVQ Noviqtech Limited 0.041 17% 75,072 $5,205,584 AS2 Askarimetalslimited 0.055 17% 286,972 $4,591,472 BFC Beston Global Ltd 0.004 17% 3,921,877 $5,991,141 VML Vital Metals Limited 0.004 17% 1,035,537 $17,685,201 CDX Cardiex Limited 0.067 16% 705,125 $17,062,125 PPY Papyrus Australia 0.015 15% 536,583 $6,405,004 SRI Sipa Resources Ltd 0.015 15% 109,224 $2,966,056 MM1 Midasmineralsltd 0.069 15% 13,677 $6,199,781 BIO Biome Australia Ltd 0.425 15% 2,176,954 $78,795,014

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Lithium brines explorer Patagonia (ASX:PL3) was boosted on Tuesday morning by reports of “exceptional” results from well 2 at the Formentera project in Argentina.

“These results are exceptionally encouraging – high porosity, with lithium values concentrating at depth,” PL3 exec chair Phil Thomas said. “I have never seen core porosity at such high levels of 47% at 280m depth and lithium values at that porosity of 572ppm.

“Pumping from well 2 during the 48 hours didn’t reduce the brine level in well 1, 300m away, so we are confident we have a very large aquifer open at depth.”

Independent aerospace composite business Quickstep Holdings (ASX:QHL) was also flying high, after delivering an update to the market on how things are progressing with its role in producing components for the F-35 fighter jet, as it approaches the midpoint of its initial volume buildout.

And privacy-focused photo sharing app Tinybeans (ASX:TNY) has secured a major US strategic partnership with leading digital parenting platform Babylist. The partnership is expected to deliver brand awareness, subscriber growth and sales revenue for Tinybeans in the US, the company says.

Cardiex (ASX:CDX) jumped +15% after reporting a sales update. The company said its sales have been strong, pointing towards potential record revenues for FY24. Significant contributions have come from its pharmaceutical sales division and markets serving research and clinicians. Projected revenues for FY24 are now expected to exceed $12 million, a substantial increase from $6.01 million in FY23. Sales to the research market in May marked a six-month high, and with June historically being its strongest month in this sector.

The critical metals (REEs, niobium, copper, gold) junior,Rincon Resources (ASX:RCR), announced the identification of three “high-priority” iron oxide copper-gold targets following the results of a geological survey at the Pokali Prospect, within its West Arunta Project in Western Australia. The project is prospective for IOCG style mineralisation as well as “orogenic” gold mineralisation.

And Dreadnought Resources (ASX:DRE)’s recent mapping and sampling at Tiger in Mangaroon has confirmed the presence of high-grade copper, gold, zinc, and silver in multiple layers of exposed gossan spanning approximately 500m. This includes some of the highest grades recorded so far, such as TIG026 with 8.7% Cu, 9.0% Zn, 40.7g/t Ag, and 1.0g/t Au, and TIG027 with 10.5% Cu, 4.6% Zn, 16.3g/t Ag, and 1.0g/t Au.

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 AXP AXP Energy Ltd 0.001 -50% 11,757,380 $11,649,361 1MC Morella Corporation 0.002 -33% 1,172,891 $18,536,398 MTB Mount Burgess Mining 0.001 -33% 97 $1,947,220 RIL Redivium Limited 0.002 -33% 40,000 $8,192,564 SFG Seafarms Group Ltd 0.002 -33% 15,518,639 $14,509,798 MAY Melbana Energy Ltd 0.044 -33% 64,145,120 $222,433,471 RC1 Redcastle Resources 0.018 -31% 4,121,337 $8,535,388 EVR Ev Resources Ltd 0.005 -29% 277,554 $9,248,900 ERL Empire Resources 0.003 -25% 45,000 $5,935,653 LSR Lodestar Minerals 0.002 -25% 317,734 $4,046,795 NMR Native Mineral Res 0.026 -24% 110,000 $7,134,917 IS3 I Synergy Group Ltd 0.010 -23% 1,500,000 $4,603,045 HXG Hexagon Energy 0.011 -21% 481,402 $7,180,823 BCT Bluechiip Limited 0.004 -20% 109,207 $5,910,198 CTO Citigold Corp Ltd 0.004 -20% 800,000 $15,000,000 ROG Red Sky Energy. 0.004 -20% 1,649,752 $27,111,136 YPB YPB Group Ltd 0.002 -20% 517,333 $2,019,904 NYM Narryermetalslimited 0.033 -20% 75,000 $4,358,549 EOF Ecofibre Limited 0.034 -19% 743,238 $15,912,704 EMH European Metals Hldg 0.260 -19% 124,542 $66,382,306 EG1 Evergreenlithium 0.053 -18% 819,987 $3,654,950 ZLD Zelira Therapeutics 0.365 -17% 16,604 $4,992,748 TFL Tasfoods Ltd 0.015 -17% 34,250 $7,867,719 AMD Arrow Minerals 0.003 -17% 9,150,383 $31,618,095

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