Good morning everyone, and welcome to 2 July June, 2024 – an important day in the history of not understanding what the weather means.
That’s because it was on this day in 1505 that Martin Luther, the founder of modern Protestantism, got caught in a violent thunderstorm that scared him so badly, he decided to become a monk.
Luther was riding on horseback to university, when the storm broke above him – and a bolt of lightning struck the earth nearby.
The poor, timid chappy was so overcome with fear that he cried out “Help! Saint Anna, I will become a monk!”
When he failed to be struck by lightning and killed, he took it as a sign that he’d better live up to his hastily uttered promise, and off he went to monk school – enraging his father, who had poured considerable effort, and at least 30-40 pence, on Luther’s education to that point.
But, true to his word, Luther left university, became a monk and eventually went on to found the Protestant movement, which has been widely derided as a terrible idea by a lot of people who aren’t Protestants.
Luckily for you, you won’t need to found a new branch of religion in order to get your hands on the info you need today.
Nadine McGrath has put together a brilliant recap of what happened on the markets last month, 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$2,325.15 (-0.04%)
Silver: US$29.13 (-0.03%)
Nickel (3mth): US$16,956/t (+0.74%)
Copper (3mth): US$9,212/t (-0.47%)
Zinc: US$2,940/t (+0.07%)
Oil (WTI): US$82.16 (+0.78%)
Oil (Brent): US$85.65 (+0.76%)
Iron 62pc Fe: US$106.51/t (0.00%)
AUD/USD: 0.6669 (-0.04%)
Bitcoin: US$63,326.90 (+1.05%)
WHAT GOT YOU TALKING
What’s this? A niobium mine? In this part of the world? At this time of year? Localised entirely in WA1’s Luni project? … Can I see it?
The owner of what could be Australia’s first #niobium mine has unveiled an initial 200Mt resource, establishing the Luni deposit as a leading, global critical mineral discovery. | @WA1_Resources ( #ASX : $WA1 ) https://t.co/McSkx8wX4z
— Stockhead (@StockheadAU) July 1, 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 I88 Infini Resources Ltd 0.35 126% 5,996,381 $5,887,415 WLD Wellard Limited 0.037 118% 2,426,620 $9,031,255 IEC Intra Energy Corp 0.002 33% 750,000 $2,536,172 OAR OAR Resources Ltd 0.002 33% 3,000,000 $4,833,150 TMG Trigg Minerals Ltd 0.011 57% 7,802,435 $3,014,765 AXP AXP Energy Ltd 0.0015 50% 3,317,008 $5,824,681 CLZ Classic Minerals 0.0015 50% 10,706,473 $755,548 EDE Eden Innovations 0.0015 0% 3,904 $5,517,407 LNU Linius Tech Limited 0.0015 0% 780,307 $8,320,111 PUR Pursuit Minerals 0.003 50% 13,606,626 $7,270,800 TKL Traka Resources 0.0015 0% 728,849 $2,625,988 TX3 Trinex Minerals Ltd 0.003 50% 5,246,739 $3,657,305 SVG Savannah Goldfields 0.019 46% 117,358 $3,654,104 LIN Lindian Resources 0.1525 45% 9,148,836 $121,056,835 IMI Infinity Mining 0.021 40% 144,851 $1,781,301 AAU Antilles Gold Ltd 0.004 33% 2,001,959 $2,989,605 ALR Altairminerals 0.004 33% 8,046,585 $12,889,733 ME1 Melodiol Global Health 0.004 33% 9,539,010 $582,276 RLC Reedy Lagoon Corp 0.004 33% 250,000 $1,858,622 SHO Sportshero Ltd 0.004 33% 977,775 $1,853,499 SRI Sipa Resources Ltd 0.017 31% 1,315,063 $2,966,056 MVL Marvel Gold Limited 0.009 29% 434,182 $6,046,535 CGR CGN Resources 0.18 29% 374,922 $12,708,947 88E 88 Energy Ltd 0.0025 25% 31,767,650 $57,785,344
Yesterday’s Small Cap Winners included:
Infini Resources (ASX:I88) announced its maiden field sampling assay results at its 100% owned Portland Creek Uranium Project in Newfoundland, Canada, where the company says the results have exceeded laboratory testing limitations in 17 samples – meaning they are above 1.18% (11,792ppm) U3O8 – and have been sent for additional testing, with other high range samples close to the upper limit for testing of this type.
The company says that 52% of the samples tested have come back with readings above 1,000ppm U3O8, which sets the project up to be a potential record breaker.
Wellard (ASX:WLD) was surging early on news that the company has signed paperwork to offload one of its oldest livestock ships, the M/V Ocean Ute, for $12 million, the majority of which is set to be returned directly to shareholders in a manner that is yet to be determined by the company.
Lindian Resources (ASX:LIN) released news that its feasibility study for the company’s Kangankunde rare earths project has confirmed it as a “technically low risk and economically robust project”, boasting a Stage 1 post-tax Net Present Value of US$555M (A$831M), an IRR of 80% and an average annual EBITDA of US$84M1 (A$124.5M).
Antilles Gold (ASX:AAU) has advised that on 28 June, 2024, shareholders of the Cuban joint venture mining company, Minera La Victoria SA, formally adopted previously agreed modifications to the existing Joint Venture Agreement, paving the way for the companies to pursue a strategy to progressively evolve as a substantial mining company, with “minimal future contributions required from Antilles Gold”.
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 AMD Arrow Minerals 0.002 -33% 3,062,729 $31,618,095 AVE Avecho Biotech Ltd 0.002 -33% 751,902 $9,507,891 MTB Mount Burgess Mining 0.001 -33% 28,572 $1,947,220 CUS Copper Search 0.063 -31% 2,808,749 $10,217,972 MSI Multistack International 0.005 -29% 67,116 $954,127 MRQ MRG Metals Limited 0.003 -25% 9,597,712 $10,100,475 TMK TMK Energy Limited 0.003 -25% 3,649,979 $27,646,448 HTG Harvest Tech Group 0.015 -21% 2,030,755 $15,425,299 CMB Cambium Bio Limited 0.004 -20% 20,531 $3,830,461 PNX PNX Metals Limited 0.004 -20% 110,393 $29,851,074 ROG Red Sky Energy 0.004 -20% 775,655 $27,111,136 VRC Volt Resources Ltd 0.004 -20% 128,520 $20,793,391 TZN Terramin Australia 0.026 -19% 8,030 $67,730,007 AGD Austral Gold 0.018 -18% 94,546 $13,470,850 1MC Morella Corporation 0.0025 -17% 209,076 $18,536,398 EVR EV Resources Ltd 0.005 -17% 1,253,339 $7,927,629 LPD Lepidico Ltd 0.0025 -17% 789,667 $25,767,358 TSL Titanium Sands Ltd 0.005 -17% 1,791,806 $13,270,483 STX Strike Energy Ltd 0.235 -16% 28,690,351 $801,016,520 NMR Native Mineral Resources 0.021 -16% 154,668 $5,246,263 PSL Paterson Resources 0.013 -13% 602,700 $6,840,568 LM8 Lunnon Metals 0.2 -13% 31,416 $50,103,975 STN Saturn Metals 0.17 -13% 816,633 $43,680,483 ALM Alma Metals Ltd 0.007 -13% 1,000,000 $11,543,031 GTI Gratifii 0.007 -13% 261,005 $14,048,381
TRADING HALTS
BPM Minerals (ASX:BPM) – pending an announcement regarding a project acquisition.
Rimfire Pacific Mining (ASX:RIM) – pending an announcement by the Company to the market regarding a capital raising.
Cannindah Resources (ASX:CAE) – pending the release of an announcement to the market in relation to an upgrade of the Company’s Mt Cannindah Mineral Resource.
Recce Pharmaceuticals (ASX:RCE) – pending the release of an announcement relating to a proposed equity capital raising.
Island Pharmaceuticals (ASX:ILA) – in relation to a proposed material non-binding term sheet.
Beston Global Foods Company (ASX:BFC) – pending the release of a funding and milk supply update announcement.
Jindalee Lithium (ASX:JLL) – pending an announcement with regard to a proposed capital raising.
Tivan (ASX:TVN) – pending the release of an announcement by the Company of a proposed capital raising.
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