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

Good morning everyone, and welcome to Friday, 17 November – a momentous date in American political history when, at the height of the Watergate scandal, US President Richard Milhouse Nixon uttered these famous words.

For those of you who haven’t watched All the President’s Men, that turned out to be a complete lie.

It would take roughly nine more long, sweaty months for Nixon to finally step down from the presidency, as it became clear that he was about as crooked as a 7c piece, paving the way for Gerald Ford to take the highest office in the United States.

Ford would go on to steer the US into the worst economic recession since the Great Depression, earning himself the reputation as the worst US President until… well, that one.

You know who I mean.

History lessons aside, the purpose of this little page is to prep you for the day ahead, and we’ve got some great stories from the Stockhead trenches to whet your appetite before the market opens.

Those include Josh Chiat revealing MinRes’ plans to take over the lithium universe, and Nadine McGrath’s second bit in her series about pot stocks that are much, much more than pot stocks.

Plus, as always, here’s all the fiddly data and digits to get you up to speed this morning as well.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,961.98 (+0.13%)

Silver: US$23.42 (-0.21%)

Nickel (3mth): US$17,115.00/t (+0.93%)

Copper (3mth): US$8,172.10/t (+1.13%)

Oil (WTI): US$75.96 (-0.81%)

Oil (Brent): US$80.44 (-0.78%)

Iron 62pc Fe: US$128.78/t (+0.34%)

AUD/USD: 0.6471 (-0.06%)

Bitcoin: US$37,376 (-1.34%)

WHAT GOT YOU TALKING

Part 1 of Nadine McGrath’s in-depth look at how companies are jostling to position themselves in a pot-stock market set tongues wagging online… and the best bit is that Part 2 is now live on the site as well. Here’s a catch up link to Part 1, if you missed it.

Here’s Nadine McGrath’s Part One of the #ASX #pot #stocks that want to be known for much more. #weed #medicinal #cannabis #health https://t.co/pLcGFPDorY

— Stockhead (@StockheadAU) November 14, 2023

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 RWD Reward Minerals Ltd 0.082 82% 2,803,658 $10,253,391 AMD Arrow Minerals 0.0015 50% 1,666,666 $3,023,765 GCR Golden Cross 0.003 50% 9,325 $2,194,512 KGD Kula Gold Limited 0.031 48% 61,939,136 $7,837,450 MSG Mcs Services Limited 0.02 43% 220,023 $2,773,395 OZM Ozaurum Resources 0.175 35% 5,590,739 $20,637,500 AVE Avecho Biotech Ltd 0.004 33% 4,332,952 $8,094,876 IEC Intra Energy Corp 0.004 33% 3,898,333 $4,982,345 TWE Treasury Wine Estate 0.08 33% 588,872 $4,583,163 OCN Oceanalithiumlimited 0.165 32% 3,735,309 $6,634,563 MXC Mgc Pharmaceuticals 1.16 32% 33,855 $31,178,832 IVX Invion Ltd 0.0065 30% 1,856,656 $32,108,161 CVB Curvebeam Ai Limited 0.4 29% 132,304 $56,687,838 CC9 Chariot Corporation 0.46 26% 510,368 $26,766,022 SCT Scout Security Ltd 0.015 25% 133,488 $2,771,129 ASV Assetvisonco 0.01 25% 1,570,293 $5,766,693 EDE Eden Inv Ltd 0.0025 25% 1,997,498 $6,727,274 OZZ OZZ Resources 0.086 23% 700,935 $6,477,108 EMP Emperor Energy Ltd 0.011 22% 5,871,715 $2,757,262 MKL Mighty Kingdom Ltd 0.022 22% 641,544 $7,566,653 MHK Metalhawk. 0.22 22% 1,675,952 $14,260,600 LYN Lycaonresources 0.2 21% 34,632 $6,611,344 SLB Stelarmetalslimited 0.445 20% 446,212 $19,205,932 OJC The Original Juice 0.12 20% 949,567 $24,459,079 CHK Cohiba Min Ltd 0.003 20% 86,833 $5,533,110

WordPress Tables Plugin

Yesterday’s Small Caps highlights were:

Leading the Small Caps winners early in the day was Kula Gold (ASX:KGD), which added another 57% to yesterday’s solid results, off the back of yesterday’s two-banger announcement bundle that told the market that drilling is about to commence at the company’s “substantial” Cobra Lithium Prospect approximately 20km west of the world’s largest hard rock lithium mine, Greenbushes in Western Australia.

Drills are set to spin next week, with Kula revealing that the target strike has been increased to ~3km and up to 500m wide, and that the “initial RC drilling programme is 1,000m but is flexible to extend the programme for a prolonged period based on favourable mineralisation/rock types”.

The drilling programme is also now fully-funded, thanks to the completion of a $650,000 boost from a placement of shares at the issue price of $0.013 per share.

But there was a late charger in the afternoon, after it was announced that Reward Minerals (ASX:RWD) has entered into an exclusivity period with receivers working on behalf of Kalium Lakes (ASX:KLL), advising the market that it looks like a deal’s been struck that will see Reward pick up KLL’s subsidiaries, Kalium Lakes Potash and Kalium Lakes Infrastructure.

Oceana Lithium (ASX:OCN) was also flying high, on fresh news that the company has identified a gaggle of high priority targets at its Monaro lithium project, following successful fieldwork at the James Bay site.

175 rock samples have been submitted to ALS Laboratories in Val-d’Or, Québec for whole-rock analysis, with results due sometime in December – but in the meantime, the company says that the fieldwork revealed “Elevated levels of Rubidium (Rb) and low Potassium (K) to Rubidium ratios coincident with favourable geology and magnetic signatures”, which have helped pinpoint where Oceana is going to point the drills next time around.

And ENRG Elements (ASX:EEL) posted a significant bump on news that the sale of 90% of its Ghanzi West Copper-Silver Project has been completed.

Kavango Resources has emerged as the buyer, snagging 90% of the issued capital of the company’s wholly owned subsidiaries Icon Trading Company and Ashmead Holdings for a cool $2.5 million.

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 CCE Carnegie Cln Energy 0.065 -35% 806,738 $31,285,147 BP8 Bph Global Ltd 0.001 -33% 24,193 $2,423,345 HTG Harvest Tech Grp Ltd 0.018 -22% 1,683,696 $16,237,157 TTA TTA Holdings Ltd 0.011 -21% 247,678 $1,923,928 ASP Aspermont Limited 0.008 -20% 401,777 $24,387,637 FAU First Au Ltd 0.002 -20% 22,418,902 $3,629,983 IHL Incannex Healthcare 0.0465 -20% 17,578,365 $92,046,686 FBM Future Battery 0.0725 -19% 8,492,506 $45,891,539 CUS Coppersearchlimited 0.125 -19% 257,020 $13,887,442 IBX Imagion Biosys Ltd 0.355 -19% 126,695 $14,363,432 BTH Bigtincan Hldgs Ltd 0.2 -18% 4,969,221 $148,777,007 WNR Wingara Ag Ltd 0.02 -17% 8,310 $4,213,020 NTD National Tyre&Wheel 0.755 -16% 309,106 $120,302,907 ACM Aus Critical Mineral 0.43 -16% 1,164,629 $15,162,938 AMP AMP Limited 0.8575 -16% 70,468,105 $2,792,046,603 MCL Mighty Craft Ltd 0.011 -15% 133,734 $4,737,753 SIX Sprintex Ltd 0.011 -15% 5,995,983 $4,437,635 JGH Jade Gas Holdings 0.034 -15% 63,387 $63,073,367 SRX Sierra Rutile 0.115 -15% 2,079,720 $57,271,920 ACP Audalia Res Ltd 0.012 -14% 86,285 $9,689,907 AR9 Archtis Limited 0.12 -14% 663,995 $39,981,246 MTL Mantle Minerals Ltd 0.003 -14% 995,371 $21,516,060 RHK Red Hawk Mining Ltd 0.49 -14% 28,365 $96,243,689 OKJ Oakajee Corp Ltd 0.019 -14% 25,000 $2,011,813 FG1 Flynngold 0.064 -14% 264,911 $10,092,311

WordPress Tables Plugin

TRADING HALTS

EBOS Group (ASX:EBO) – Halt called in light of media speculation regarding EBOS and its potential interest in Greencross.

Xanadu Mines (ASX:XAM) – Pending announcement of a capital raising.

Verbrec (ASX:VBC) – Pending announcement of a capital raising.

Peninsula Energy (ASX:PEN) – Pending announcement of a capital raising.

Spartan Resources (ASX:SPR) – Pending announcement of a capital raising.

Nagambie Resources (ASX:NAG) – Pending announcement of a capital raising.

Ionic Rare Earths (ASX:IXR) – Pending announcement of a capital raising.

ABx Group (ASX:ABX) – Pending an announcement to the market regarding a material increase in the company’s REE Resource.

Steadfast (ASX:SDF) – Pending announcement of a capital raising.

The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.