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

Good morning everyone, and welcome to Wednesday, 22 November – a date on the calendar worth noting as it was on this day in 1943 that Franklin D. Roosevelt, Winston Churchill and Chinese President Chiang Kai-shek met up in Cairo to figure out a way to beat Japan in World War II.

The items on the agenda were pretty basic – find a way to stop the Japanese empire which was, at the time, rampaging through the Asia-Pacific reason like an outbreak of dysentery on a cruise ship.

The reason for holding the conference in Cairo isn’t altogether clear – however, the call for the Cairo conference stemmed directly from the Moscow Conference, which came on the heels of the Quebec Conference.

Which is why I’m beginning to suspect that the perenially off-his-face Churchill was picking the venues through the simple expedience of bodily heaving servants at a map of the world, and taking note of which bits they bled on.

Anyway – the reason it’s important is because it was in this series of conferences that China established itself as a proper world power, elevating it to a position alongside the United States, the United Kingdom and the Soviet Union.

In hindsight, that might have been a mistake.

The upshot of all the talking was the disastrous Allied campaign in Burma, which ended with Japan in charge and British forces on the hard slog back to India to figure out what went wrong, setting in place a now well-worn tradition that is commemorated regularly through a stylised re-enactment whenever the English cricket team takes to the field.

The lesson here is pretty simple – a bit of foresight from all involved would probably have meant that large chunks of unpleasantness could have been avoided – like the flattening of Hiroshima, that kinda stuff.

As it clearly pays to be prepared, we here at Stockhead take great pride in making sure that we’re Doing Our Part to help you, our readers, be prepared for what lies ahead on the market.

To that end, Josh Chiat’s been busy putting together the latest edition of Bulk Buys, and Stockhead’s answer to Catriona Rowntree, Bevis Yeo, sets off to explore the wonders of Mali, a mysterious nation in Africa where everything’s made of gold or other fancy stuff.

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$1,992.40 (+0.71%)

Silver: US$23.72 (+1.20%)

Nickel (3mth): US$16,514.14/t (-0.71%)

Copper (3mth): US$8,1414.85/t (+0.90%)

Oil (WTI): US$77.33 (-0.65%)

Oil (Brent): US$81.80 (-0.64%)

Iron 62pc Fe: US$129.31/t (+0.28%)

AUD/USD: 0.6575 (+0.19%)

Bitcoin: US$37,325.50 (-0.44%)

WHAT GOT YOU TALKING

Iron ore and lithium diggers took the fight to the market yesterday – and news of Pure Resources (ASX:PR1) hitting fat 11%+ lithium in Sweden grabbed a lot of attention yesterday.

#Resources Top 6:

Pure Resources up 60% on high-grade, 11.69% Li found at Swedish project
Fellow #lithium hunter Chariot’s on fire, too
While $TG1, $CBY, $CUF, and $TCG round out today’s six of the best so far https://t.co/MUIfdZHkVU

— Stockhead (@StockheadAU) November 21, 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 ROO Roots Sustainable 0.007 75% 17,007,545 $642,410 AMD Arrow Minerals 0.0015 50% 26,970,776 $3,023,765 PR1 Pureresourceslimited 0.245 44% 19,833,472 $4,360,502 AMM Armada Metals 0.04 43% 499,836 $4,831,906 TG1 Techgen Metals Ltd 0.088 33% 16,136,029 $5,093,107 AYT Austin Metals Ltd 0.008 33% 902,783 $6,095,248 CBE Cobre 0.052 33% 3,784,682 $11,189,529 CCO The Calmer Co Int 0.008 33% 9,886,401 $4,902,716 NRX Noronex Limited 0.013 30% 2,188,764 $3,783,018 BPH BPH Energy Ltd 0.032 28% 7,177,846 $25,637,812 CUF Cufe Ltd 0.014 27% 3,472,013 $12,607,236 CBY Canterbury Resources 0.03 25% 578,505 $3,468,565 YOJ Yojee Limited 0.005 25% 549,550 $4,540,818 TCG Turaco Gold Limited 0.086 23% 10,603,734 $35,190,167 CC9 Chariot Corporation 0.5125 22% 1,310,791 $30,799,259 RHK Red Hawk Mining Ltd 0.6 21% 41,086 $83,580,046 EPM Eclipse Metals 0.009 20% 996,837 $15,328,532 DTR Dateline Resources 0.012 20% 780,132 $13,129,455 FGH Foresta Group 0.012 20% 667,489 $22,395,028 FHS Freehill Mining Ltd. 0.003 20% 200,000 $7,112,003 RIE Riedel Resources Ltd 0.006 20% 3,855,090 $10,297,035 WNR Wingara Ag Ltd 0.024 20% 231,666 $3,510,850 JRV Jervois Global Ltd 0.044 19% 21,243,473 $99,993,265 GHY Gold Hydrogen 0.8125 19% 1,434,368 $38,992,271 CAZ Cazaly Resources 0.04 18% 720,876 $13,430,102

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Yesterday’s Small Caps highlights were:

Absolutely smashing it on no news was emerging copper play Cobre (ASX:CBE), with prospective projects in both Botswana and Western Australia.

They got a speeding ticket from the ASX cops for their trouble, but still managed to bank a 33% climb.

Pure Resources (ASX:PR1) was up over 65% at one point yesterday, on news of some fabo lithium hits at the company’s Järkvissle project in Sweden.

Apparently the hero of the dish – a sample of up to 11.69% Li2o.

As Christian Edwards quoted me as saying yesterday, “That is, clearly, astonishingly high – and it should be noted that the testing was performed using a LIBS system in the field.”

LIBS, short for Laser Induced Breakdown Spectroscopy, is an off-the-shelf, often portable analysis technique that uses spot readings of super-heated samples to determine the chemical composition of the material being tested.

It is similar in many ways to portable XRF readings, in that the accuracy of the sampling method is the subject of some pretty fierce debate.

Roots Sustainable Agricultural Technologies (ASX:ROO) had a terrific day on the bourse, up 75% early and managed to cling onto those gain, on news that the company had managed to deliver a shipment of its tech by air, from Israel, which is no small feat considering how difficult things are in that part of the world right now.

Roots says the ag-tech it has supplied is set to be installed this week, enabling the demonstration of the “application of Root Zone Temperature optimisation technology as part of its berry farming operations at the COP28 global conference at Expo City, Dubai in early December”.

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 ME1 Melodiol Glb Health 0.002 -33% 16,380,970 $12,477,690 RNE Renu Energy Ltd 0.0165 -25% 3,820,400 $9,844,760 AVW Avira Resources Ltd 0.0015 -25% 13,714 $4,267,580 MTB Mount Burgess Mining 0.003 -25% 1,000,010 $4,062,587 TOY Toys R Us 0.012 -25% 5,191,392 $15,719,416 ION Iondrive Limited 0.011 -21% 8,092,028 $6,807,994 BMR Ballymore Resources 0.1 -20% 47,615 $18,274,658 CGR Cgnresourceslimited 0.16 -20% 1,512,269 $18,155,638 CHK Cohiba Min Ltd 0.002 -20% 3,000,000 $5,533,110 PHO Phosco Ltd 0.049 -18% 281,399 $16,464,801 IS3 I Synergy Group Ltd 0.009 -18% 302,721 $3,344,884 AI1 Adisyn Ltd 0.019 -17% 101,580 $3,215,110 LDR Lode Resources 0.075 -17% 1,248,001 $9,610,573 H2G Greenhy2 Limited 0.01 -17% 413,648 $5,025,070 MEL Metgasco Ltd 0.01 -17% 1,442,775 $12,766,641 SFG Seafarms Group Ltd 0.005 -17% 393,793 $29,019,595 NYR Nyrada Inc. 0.022 -15% 70,000 $4,056,226 CBL Control Bionics 0.041 -15% 110,100 $4,915,628 VMC Venus Metals Cor Ltd 0.09 -14% 344,770 $19,921,512 ADR Adherium Ltd 0.003 -14% 2,623,000 $17,505,578 CCZ Castillo Copper Ltd 0.006 -14% 2,108,564 $9,096,537 CVR Cavalierresources 0.12 -14% 50,000 $4,456,048 ETR Entyr Limited 0.006 -14% 1,690 $13,881,727 IBG Ironbark Zinc Ltd 0.006 -14% 50,000 $10,267,490 GSM Golden State Mining 0.019 -14% 5,676,286 $5,254,926

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TRADING HALTS

Enova Mining (ASX:ENV) – Pending an announcement by Enova Mining in relation to a potential acquisition of a mineral project

Frugl Group (ASX:FGL) – Pending the release of an announcement in connection with capital raising via a placement of securities

Charger Metals (ASX:CHR) – Pending an announcement from the Company regarding a proposed capital raising

Neometals (ASX:NMT) – Pending an announcement in relation to an equity raising

Great Boulder Resources (ASX:GBR) – Pending an announcement in relation to an capital raising

Australian Critical Minerals (ASX:ACM) – Pending the release of an announcement regarding assay results

Appen (ASX:APX) – Pending an announcement to ASX in connection with a pro rata accelerated non-renounceable entitlement offer and institutional placement

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