Good morning everyone, and welcome to 26 June, 2024 – an important day in the history of public speaking gaffes, and fatal levels of cringe.
It was on this day in 1963 that US President John F. Kennedy took to the podium in West Berlin, to deliver a speech that was meant to foster kinship with the German people on the right side of the iron curtain.
With purpose and determination (and, legend has it, a head full of extremely potent pain medication) President Kennedy grasped either side of the lectern, leaned in and uttered the famous words “Ich bin ein Berliner”.
To the American’s ears, he was espousing his connection to those who were once mortal enemies of the United States, aiming to rebuild the shattered bridges of friendship and community left in tatters by the horrors of World War II, and the rise of communism in the wake of the carving up of Europe.
To the ears of every German in attendance, he boldly told the audience “I am a doughnut” – after it turned out that his ability to speak German was, evidently, far worse than previously thought, and a “Berliner” was actually their name for a jam-filled edible treat.
The cringe, apparently, was very real – so bad, in fact, that five short months later, when Kennedy thought back to that moment during a leisurely drive through downtown Dallas, his head exploded.
Luckily for you, you won’t need to make a fool of yourself in front of the whole of Germany in order to get the information you need before the market opens today.
Nadine McGrath has been on the blower with the folks at Morgans to talk about the impact of interest rates on tech stocks, 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$2,327.68 (-0.24%)
Silver: US$29.55 (-0.37%)
Nickel (3mth): US$16,951/t (+0.12%)
Copper (3mth): US$9,527/t (-0.36%)
Zinc: US$2,798/t (+0.46%)
Oil (WTI): US$81.68 (-0.08%)
Oil (Brent): US$86.05 (-0.07%)
Iron 62pc Fe: US$106.55/t (-0.38%)
AUD/USD: 0.6664 (+0.15%)
Bitcoin: US$61,328.40 (+1.77%)
WHAT GOT YOU TALKING
The incomparable Jess Cummins has penned this brilliant look at the little guys who’ve partnered up with the big guns. You really, really need to read this one…
.@cummins_jessica looks at #ASX #stocks linked with leading firms. @RenegadeExp @sovereignmetals $RNX $SVM https://t.co/GYFP1ihSfi
— Stockhead (@StockheadAU) June 24, 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 OAR OAR Resources Ltd 0.002 100% 1,250,000 $3,222,100 VN8 Vonex Limited. 0.036 97% 18,808,238 $6,512,915 1MC Morella Corporation 0.003 50% 5,785,842 $12,357,599 BGE Bridgesaaslimited 0.016 33% 84,184 $1,432,765 ODE Odessa Minerals Ltd 0.004 33% 154,084 $3,129,848 SGC Sacgasco Ltd 0.004 33% 3,455,359 $2,339,061 EPM Eclipse Metals 0.009 29% 2,736,764 $15,755,989 OLY Olympio Metals Ltd 0.028 27% 224,109 $1,880,482 FCT Firstwave Cloud Tech 0.010 25% 4,625,419 $13,680,155 HLX Helix Resources 0.003 25% 2,235,166 $6,528,387 LPD Lepidico Ltd 0.003 25% 4,643,935 $17,178,239 MOH Moho Resources 0.005 25% 280,000 $2,156,713 ASQ Australian Silica 0.036 24% 113,397 $8,173,951 M4M Macro Metals Limited 0.037 23% 12,112,170 $107,954,458 ERW Errawarra Resources 0.080 23% 736,409 $6,234,843 ICR Intelicare Holdings 0.017 21% 1,827,682 $3,287,543 BPM BPM Minerals 0.064 21% 179,255 $3,557,477 RAD Radiopharm 0.041 21% 6,302,849 $15,652,480 IMI Infinitymining 0.018 20% 159,495 $1,781,301 1TT Thrive Tribe Tech 0.003 20% 2,217,094 $1,176,554 FAU First Au Ltd 0.003 20% 494,128 $4,154,983 VAR Variscan Mines Ltd 0.006 20% 818,044 $1,895,002 WBE Whitebark Energy 0.012 20% 252,387 $1,920,003 RDN Raiden Resources Ltd 0.031 19% 18,274,664 $70,550,024
Yesterday’s Small Cap Winners included:
Vonex (ASX:VN8) was the clear winner by the end of Tuesday’s session, up close to +100% on news that it has entered into a scheme implementation deed with MaxoTel to see the latter acquire Vonex for $0.0375 cents per share – a 108% premium on Vonex’s closing price on 24 June.
TMK Energy (ASX:TMK) says the Ministry of Environment and Tourism of Mongolia has endorsed the Gurvantes XXXV Project through approval of its Detailed Environmental Impact Assessment (DEIA) submission. The approval grants TMK permission to conduct significant drilling and appraisal activities into 2029.
Developer of radiopharmaceutical products for both diagnostic and therapeutic uses Radiopharm Theranostics (ASX:RAD) has received firm commitments to raise ~$70 million through a placement to international and Aussie institutional and industry investors, including Lantheus Holdings and specialist US healthcare investors.
Helix Resources (ASX:HLX) has announced further positive results in its search for new copper-gold deposits from the auger geochemical sampling program in the Eastern Group tenements, ~40km southeast of Nyngan, home of the Big Bogan, in central NSW.
Blackstone Minerals (ASX:BSX) has received $1m as an advance from an R&D lending fund backed by Asymmetric Innovation Finance and Fiftyone Capital on its future 2024 refundable tax offset for R&D expenditure. BSX says the advance reflects its ongoing investment to develop the Ta Khoa Refinery process and “unique strategy to convert nickel concentrate blends into battery products in the form of precursor cathode active material”.
Augustus Minerals (ASX:AUG) has contracted UTS Geophysics to conduct a VTEM Max survey on several copper-PGE-nickel-zinc-lead-silver and uranium targets within the 3,600km2 Ti Tree project. The survey, scheduled to start in August, will help to unearth the untapped potential of the Ti Tree project to host economic mineralisation.
QX Resources (ASX:QXR) says it will undertake a new program of trenching to extend known high grade gold mineralisation at its Big Red Project in Queensland where prior trenching returned results including mineralised widths of 9m @ 5.9g/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 CLZ Classic Min Ltd 0.001 -50% 354,097 $1,102,057 TD1 Tali Digital Limited 0.001 -50% 75,658 $6,590,311 ABE Ausbondexchange 0.013 -35% 163,724 $2,253,362 88E 88 Energy Ltd 0.002 -33% 12,837,466 $86,678,016 BFC Beston Global Ltd 0.002 -33% 348,739 $5,991,141 PRX Prodigy Gold NL 0.002 -33% 30,722 $6,353,323 ESK Etherstack PLC 0.175 -29% 197,755 $32,265,002 CZN Corazon Ltd 0.005 -29% 6,234,861 $4,309,185 AD1 AD1 Holdings Limited 0.006 -25% 250,000 $7,189,187 IEC Intra Energy Corp 0.002 -25% 10,050,000 $3,381,563 MHC Manhattan Corp Ltd 0.002 -25% 8,101,000 $5,873,960 MOM Moab Minerals Ltd 0.003 -25% 776,230 $2,847,852 RBR RBR Group Ltd 0.002 -25% 40,000 $3,268,809 TMX Terrain Minerals 0.003 -25% 122,356 $5,726,683 YAR Yari Minerals Ltd 0.003 -25% 645,579 $1,929,431 ZAG Zuleika Gold Ltd 0.016 -24% 383,282 $15,457,796 AM7 Arcadia Minerals 0.040 -23% 721,397 $6,086,605 KOR Korab Resources 0.007 -22% 350,504 $3,303,450 KP2 Kore Potash PLC 0.025 -22% 1,782,017 $20,865,465 PHO Phosco Ltd 0.027 -21% 522,000 $9,511,438 BCT Bluechiip Limited 0.004 -20% 1,624,657 $5,910,198 EEL Enrg Elements Ltd 0.002 -20% 27,941,909 $2,524,913 IVX Invion Ltd 0.004 -20% 1,212,209 $32,122,661 SI6 SI6 Metals Limited 0.002 -20% 8,765,140 $5,922,149
TRADING HALTS
Orion Minerals (ASX:ORN) – pending a material announcement in relation to a proposed capital raising.
Balkan Mining and Minerals (ASX:BMM) – pending an announcement by the Company regarding a capital raising.
West Cobar Metals (ASX:WC1) – 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.
