Good morning everyone, and welcome to 10 July, 2024 – an important day in the history of streaking.
That’s because it was on this day in 1040 that, according to legend, Lady Godiva got nude and rode her horse through Coventry to convince her husband, the Earl of Mercia, to lower taxes.
I watched a movie about it once. Possibly more than once, now that I think about it – and I can tell you with absolute certainty that, to this day, I don’t know if the protest was successful or not.
… Maybe I should watch it again.
Luckily for you, you don’t need to ride naked through the middle of town on a horse in order to get your hands on the info you need today because – 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$2363.01/oz (+0.61%)
Silver: US$31.02/oz (+0.65%)
Nickel (3mth): US$17,127/t (-0.28%)
Copper (3mth): US$9,934/t (+1.79%)
Zinc: US$2,925/t (-0.98%)
Oil (WTI): US$82.10/bbl (-0.26%)
Oil (Brent): US$85.55/bbl (-0.23%)
Iron 62pc Fe: US$110.02/t (-1.17%)
AUD/USD: 0.6744 (-0.01%)
Bitcoin: US$57,461.30 (+1.34%)
WHAT GOT YOU TALKING
If you only read one cracker of a copper yarn today, it should definitely be this one by Jess Cummins and Josh Chiat.
Copper’s long-term #investment thematic spurs a $393m bid for SA #copper junior @RexMinerals ( #ASX : $RXM ). The bid comes from a subsidiary of Salim Group, Indonesia’s richest family conglomerate. https://t.co/7p39SSkF5V
— Stockhead (@StockheadAU) July 8, 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 Company Price % Change Volume Market Cap MOM Moab Minerals Ltd 0.006 100 10,422,820 $2,135,889.18 TKL Traka Resources 0.002 100 498,000 $1,750,658.55 KLI Killiresources 0.079 84 48,469,426 $5,169,620.95 CTN Catalina Resources 0.004 60 1,653,649 $3,096,217.23 LSR Lodestar Minerals 0.0015 50 1,000,000 $2,023,397.35 PVL Powerhouse Ven Ltd 0.052 37 3,467,866 $4,588,240.69 WEC White Energy Company 0.049 36 3,669 $7,163,433.94 HT8 Harris Technology Gl 0.016 33 1,686,950 $3,589,625.77 LYK Lykosmetalslimited 0.03 30 481,364 $4,332,177.86 CMD Cassius Mining Ltd 0.009 29 400,000 $3,794,031.47 SLM Solismineralsltd 0.11 28 1,289,365 $6,618,050.02 AHN Athena Resources 0.0025 25 203,926 $2,140,935.12 ATH Alterity Therap Ltd 0.005 25 125,000 $20,980,461.27 MCL Mighty Craft Ltd 0.005 25 1,377,243 $1,475,637.08 TTI Traffic Technologies 0.005 25 488,361 $3,891,540.75
Yesterday’s Small Cap Winners included:
Killi Resources (ASX:KLI) was killin’ it on Tuesday morning, sailing high and tight on news of assays from surface rock chip sampling which returned high-grade gold and copper results at the Kaa target, within the 100% owned Mt Rawdon West Project in Queensland.
Killi is reporting one very high-grade sample which came back from the lab at 238g/t Au, 2.1% Cu & 513g/t Ag, which the company says it believes is representative of the surface outcrop of a mineralised structure.
Powerhouse Ventures (ASX:PVL) says it has formed a syndicate of investors to establish and co-sponsor a new natural capital platform in the Australian carbon market.
The company says the terms were structured and arranged by PVL, which is leading an experienced consortium including a boutique natural capital investment and advisory firm as well as a globally experienced, Singapore-based commodities trading house. PVL says it’s executed binding documentation for a $500,000 share subscription into the new company, currently called Australian Carbon Credit Investments, with these foundational acquisitions in Australia’s Carbon Project Economy.
Base and precious metals exploration company Lykos Metals (ASX:LYK) was up on news that the National Assembly of Republic of Srpska has voted to adopt an updated Law on Geological Exploration, which opens the door for the company to immediately seek the re-award of the Sockovac license, as well as size expansion from its previous 17km2 to 50km2 area.
And Solis Minerals (ASX:SLM) was rising on Tuesday after surface grab samples from the Cinto project came back from the lab sporting assays up to 7.14% Cu with mineralisation mapped over a 200m x 100m area in historical workings associated with significant alteration and structural deformation.
The company has signed an access agreement with local Carumbraya community at the Cinto project and initiated systematic mapping and sampling of outcropping copper mineralisation.
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 % Change Volume Market Cap CLZ Classic Min Ltd 0.001 -50 25,178,133 $1,616,730 1TT Thrive Tribe Tech 0.002 -33 65,559,752 $1,411,865 EEL Enrg Elements Ltd 0.002 -33 12,721,775 $3,029,895 LPD Lepidico Ltd 0.002 -33 1,066,413 $25,767,358 PRX Prodigy Gold NL 0.002 -33 20,000 $6,353,323 AAU Antilles Gold Ltd 0.003 -25 71,356 $3,986,140 CUL Cullen Resources 0.006 -25 183,639 $4,561,386 EXL Elixinol Wellness 0.003 -25 3,563 $5,284,729 IBG Ironbark Zinc Ltd 0.003 -25 170,000 $6,770,290 LNR Lanthanein Resources 0.003 -25 5,613,805 $9,774,545 ODE Odessa Minerals Ltd 0.003 -25 425,888 $4,173,130 ENV Enova Mining Limited 0.010 -23 13,517,344 $12,453,082 AL3 Aml3D 0.145 -22 21,997,203 $69,763,321 ALR Altairminerals 0.004 -20 1,050,104 $21,482,888 AMD Arrow Minerals 0.002 -20 24,207,267 $26,348,413 HLX Helix Resources 0.002 -20 1,641,209 $8,160,484 SGC Sacgasco Ltd 0.004 -20 9,899 $4,483,201 VMM Viridismining 0.875 -17 1,700,823 $67,437,675 ASR Asra Minerals Ltd 0.005 -17 10,446,501 $12,216,476 FBM Future Battery 0.032 -16.0 997,050 $25,166,485
TRADING HALTS
Quickstep Holdings (ASX:QHL) – pending a response by the Company in relation to an ASX query regarding recent share price and volume movements.
Agrimin (ASX:AMN) – pending a response by the Company in relation to an ASX query regarding recent share price and volume movements, as well as the release of an announcement to the market in relation to flotation test work results for the Mackay Potash Project.
Global Lithium Resources (ASX:GL1) – pending an announcement to the market regarding board changes.
DigitalX (ASX:DCC) – pending release of an announcement in relation to the Federal Court of Australia’s decision on the Company’s summary judgement application relating to the matter between the company and former director, Mr Alex Karis.
Macarthur Minerals (ASX:MIO) – a few typos in this one, but it looks like it’s for a capital raising.
Perpetual Credit Income Trust (ASX:PCI) – pending an announcement in relation to a proposed capital raising to be undertaken by the Trust.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
