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

Good morning everyone, and welcome to 11 July June, 2024 – an important day in the history of the solar system.

That’s because it was on this day in 1735 that, according to mathematicians and astronomers and stuff, Pluto changed places with Neptune and became the 8th-most distant planet, because of its eccentric orbit.

That orbit routinely – every 258 years, to be precise – brings Pluto inside the orbit of Neptune for about 20 years, which is something I never knew until now and I’m sure has absolutely no bearing on Astrology, because I doubt those whackos knew about this either.

If you’ve already done the maths in your head, well done you – because yes, it has happened since then… in 1975, Pluto dared show its impertinence by sneaking inside Neptune’s orbit again, but it wobbled back out again in 1995. Allegedly.

But, it’s a bit of a moot point, these days – Pluto’s status as a planet is currently the source of a dead-end debate, because it was relegated to the status of “rapidly moving rock” a few years ago, when scientists decided they’d had quite enough of Pluto’s shenanigans, thank you very much.

Instead, we now have 8 definite planets in the solar system, Pluto off being miserable about its demotion, and some pretty out-there theories about a mysterious Planet Nine.

It’s got that dumb name for a few reasons, chiefly that we’re not even sure it exists, but also because if you could imagine the politics behind getting to choose a name of a “new” planet in the solar system, you’ll quickly figure out that it would be close to impossible.

I reckon we should just call the new planet “Your Mum” and be done with it.

Luckily for you, you don’t need to be soaring through the dark, inky void on the outer edge of our solar system 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$2,369.85 (+0.25%)

Silver: US$30.71 (+0.03%)

Nickel (3mth): US$16,977/t (-0.88%)

Copper (3mth): US$9,762/t (+0.02%)

Zinc: US$2,871/t (-1.84%)

Oil (WTI): US$81.17 (-0.76%)

Oil (Brent): US$84.34 (-0.82%)

Iron 62pc Fe: US$110.51/t (+0.44%)

AUD/USD: 0.6743 (-0.01%)

Bitcoin: US$58,959.80 (+1.57%)

WHAT GOT YOU TALKING

Does the outlook for steel demand in places like India and SE Asia bode well for iron ore prices? Read this, and find out…

#Steel capacity growth in India + South East Asia is likely to underperform bullish projections, an @SPGlobal analyst says. https://t.co/YOO94A9Ljl

— Stockhead (@StockheadAU) July 9, 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 % Volume Market Cap KLI Killiresources 0.13 65% 29,200,383 $9,497,676 LNR Lanthanein Resources 0.0045 50% 3,942,800 $7,330,908 DAL Dalaroometalsltd 0.03 50% 763,596 $1,903,250 I88 Infini Resources Ltd 0.735 50% 8,398,707 $18,611,829 AXP AXP Energy Ltd 0.0015 50% 1,365,934 $5,824,681 CLZ Classic Min Ltd 0.0015 50% 32,557,764 $808,365 EXL Elixinol Wellness 0.004 33% 91,336 $3,963,547 AL3 Aml3D 0.185 28% 16,257,216 $54,679,360 TOY Toys R Us 0.125 25% 441,364 $11,569,073 88E 88 Energy Ltd 0.0025 25% 6,349,471 $57,785,344 AMD Arrow Minerals 0.0025 25% 12,235,002 $21,078,730 LPD Lepidico Ltd 0.0025 25% 56,001 $17,178,239 ME1 Melodiol Glb Health 0.0025 25% 2,471,914 $612,527 VRC Volt Resources Ltd 0.005 25% 5,127,690 $16,634,713 SRL Sunrise 0.605 23% 170,841 $44,211,474 FBR FBR Ltd 0.058 23% 42,133,917 $208,771,649 ZLD Zelira Therapeutics 0.48 23% 12,290 $4,425,390 TTT Titomic Limited 0.135 23% 7,011,732 $111,207,593 MKG Mako Gold 0.011 22% 5,792,871 $8,784,074 AMS Atomos 0.034 21% 6,375,478 $33,982,545 DDB Dynamic Group 0.285 21% 489,487 $32,674,376 GLL Galilee Energy Ltd 0.023 21% 1,236,999 $6,455,148 SVG Savannah Goldfields 0.023 21% 2,500 $5,340,613 PGO Pacgold 0.145 21% 142,156 $10,097,453 ASR Asra Minerals Ltd 0.006 20% 5,763,735 $10,180,397

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Yesterday’s Small Cap Winners included:

Killi Resources (ASX:KLI) was killin’ it on Tuesday and backed it up again on Wednesday, with a late surge sending it sailing high and tight on Tuesday’s 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 reported 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.

Prior to that, Infini Resources (ASX:I88) was leading the way Tuesday on some stunning uranium assays. A while back, the company announced that its uranium assays were too much for the lab to handle, so they sent them somewhere else to get tested. Well… those came back and the numbers are huge, with assays as high as 74,997ppm U3O8.

AXP Energy (ASX:AXP) was up on news that its Pathfinder #2 well is back on production. The flow rate is restricted due to gas disposal restrictions, which are being addressed. The company says the Pathfinder Field oil production is averaging ~40 barrels per day with growth anticipated as more wells are brought into production and gas-to-power operations scale up.

Mako Gold (ASX:MKG) was up on news that a scout 1,500m reverse circulation drill program has commenced at the Tchaga North prospect, targeting three high-grade zones identified from recent mapping and trenching programs which located values of 4m at 3.97g/t Au, including 1m at 14.80g/t Au; and 4m at 1.79g/t Au, including 1m at 5.34g/t Au.

WhiteHawk (ASX:WHK) was up earlier on news that it has finalised its first contract with an ASX 100 Listed Company, Tabcorp Holdings Limited, for an Essential Cyber Risk Program that will include cyber risk monitoring for three Business Units where analytics are performed to provide an executive, actionable overview, and a quarterly comprehensive Cyber Risk Assessment.

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 MTL Mantle Minerals Ltd 0.002 -33% 1,643,621 $18,592,338 RNE Renu Energy Ltd 0.004 -33% 1,396,106 $4,356,804 WML Woomera Mining Ltd 0.002 -33% 1,104,000 $3,654,417 ASQ Australian Silica 0.02 -31% 215,000 $8,173,951 RC1 Redcastle Resources 0.0155 -26% 1,044,408 $6,893,967 BNL Blue Star Helium Ltd 0.006 -25% 16,447,164 $15,559,082 BP8 Bph Global Ltd 0.003 -25% 5,086 $1,586,566 MHC Manhattan Corp Ltd 0.0015 -25% 285,714 $5,873,960 ROG Red Sky Energy. 0.0035 -22% 9,102,056 $24,400,022 PNM Pacific Nickel Mines 0.022 -21% 1,641,646 $11,711,087 MMM Marley Spoon Se 0.02 -20% 463,628 $2,943,110 AHN Athena Resources 0.002 -20% 72,333 $2,676,169 FGH Foresta Group 0.008 -20% 4,972,725 $23,553,791 M2R Miramar 0.008 -20% 788,405 $1,973,898 MSI Multistack Internat. 0.004 -20% 73,777 $681,520 TSL Titanium Sands Ltd 0.004 -20% 1,719,693 $11,058,736 NRZ Neurizer Ltd 0.009 -18% 4,413,127 $20,926,737 CDR Codrus Minerals Ltd 0.035 -17% 60,000 $6,946,275 BDT Birddog 0.075 -17% 218,687 $17,373,698 ARV Artemis Resources 0.01 -17% 1,697,036 $21,170,354 AVE Avecho Biotech Ltd 0.0025 -17% 877,146 $9,507,891 SIS Simble Solutions 0.0025 -17% 1,333,333 $2,260,352 FCT Firstwave Cloud Tech 0.016 -16% 100,000 $32,490,368 PPK PPK Group Limited 0.565 -14% 239,707 $59,375,249 ALY Alchemy Resource Ltd 0.006 -14% 149,721 $8,246,534

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