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

Good morning everyone, and welcome to 1 February, 2024 – a day of utmost importance to fans of the English language, as it was on this day in 1884 that the first portion of what would become the venerated Oxford English Dictionary was published.

The initial fascicle was a weighty 352 pages, and covered every conceivable word that existed in English that fell between “A” and “ant” – but as important as it was, it really didn’t gain all that much traction in the marketplace.

It might have been the cumbersome, overly flowery original title of the tome, A New English Dictionary on Historical Principles; Founded Mainly on the Materials Collected by The Philological Society that proved to be a barrier to entry.

Or it might simply have been that readers, who were already familiar with purchasing their books piecemeal and putting them together later, cottoned on to the plot quite quickly and denounced the publication as ‘lacking clear narrative arc’ and ‘completely and alphabetically predictable’.

Or, it could also have been because the vast majority of people in 1884 couldn’t read to save their lives, and had about as much use for a dictionary as a dog has for a trombone.

Whatever the cause of the woeful performance, it wasn’t a trend that would continue. Rebadged as the now familiar Oxford English Dictionary, it went on to become an essential part of any burgeoning library, and then a must-have among schoolchildren when smaller, more portable versions that could fit in a schoolbag were slapped together.

I fondly remember whiling away idle classroom hours, scouring my own copy for potentially rude words – and then, once discovered, I would shout them out at the top of my lungs, much to the disdain of a certain Mr Parsons, my first high school English teacher.

For the most part, he was a lovely old gent – but pushed beyond breaking point by my overly-dramatic expletives, I learned the hard way that he had a particular love for the cruellest punishment imaginable for an ADHD-addled 12-year-old boy.

Parsons would nominate two numbers between 50 and 200 – the more outrageous the crime, the further apart those two numbers would be.

They represented the start and finish page of his favoured lunchtime detention activity, and I can still hear his words ringing in my ears, nearly 40 years later.

“Page 70 to page 105 – I want you to take a red pen, and colour in every instance of the letter ‘O’ that appears on every one of those pages… and so help me, Stronach, if I find any you’ve missed, I will take great delight in thrashing you senseless in front of the whole class in the morning.”

That threat turned out to be an empty one, though – just minutes into the task, I happened upon the word “Fart”, screamed it as loud as I possibly could… and I feared Parsons, now purple-faced with apopleptic rage, was going to burst several blood vessels in his head as his mouth formed silent words while he struggled to figure out what horrible names to call me.

20 seconds later, and he was in desperate need of a lie down in the teacher’s lounge, and I – screaming “F#$K!” at an ear-splitting volume, as it was the next dirty word I could find – saw an opportunity to make my escape, so I did.

They really were some of the best days of my life.

Hopefully, today is set to be one of the best days of yours, and to help you on your quest to accumulate obscene quantities of wealth while barely breaking a sweat, the Stockhead team has put together some genuinely awesome stories.

They include Eddy Sunarto’s wrap of which health stocks went big and which ones went home in January, and whatever general madness Christian Edwards has turned his considerable talents and lamentably short attention span towards overnight.

Plus, there’s the usual line up of facts, figures and fantasy below to help you wrap your noggin around the state of the market before it opens today.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,033.96 (-0.15%)

Silver: US$23.06 (-0.65%)

Nickel (3mth): US$16,126.00/t (-0.96%)

Copper (3mth): US$8,461.50/t (+0.49%)

Oil (WTI): US$77.61 (-0.24%)

Oil (Brent): US$82.64 (-0.13%)

Iron 62pc Fe: US$136.00/t (-1.81%)

AUD/USD: 0.6566 (-0.43%)

Bitcoin: US$42,986.30 (+0.10%)

WHAT GOT YOU TALKING

The team got hot’n’steamy with Steam Resources MD Josh Puckridge, who says that the time is definitely right for geothermal energy to be front and centre in future-proofing Australia.

The heat is on: Why the time and place is right for an Australian geothermal comeback. Stockhead chats with Steam Resources MD Josh Puckridge.

Story > https://t.co/gYVQSoUydl

— Stockhead (@StockheadAU) January 31, 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 VPR Volt Power Group 0.002 100% 1,756,583 $10,716,208 CT1 Constellation Tech 0.003 50% 544,110 $2,949,467 RBR RBR Group Ltd 0.003 50% 334 $3,236,809 CTN Catalina Resources 0.004 33% 1,374,626 $3,715,461 CYQ Cycliq Group Ltd 0.004 33% 500,478 $1,072,550 AUA Audeara 0.037 32% 218,928 $4,049,016 DEL Delorean Corporation 0.039 30% 2,077,308 $6,471,627 IR1 Irismetals 0.7 27% 258,091 $71,216,740 OAU Ora Gold Limited 0.0075 25% 11,527,505 $34,146,005 COV Cleo Diagnostics 0.175 25% 361,880 $10,374,000 AOA Ausmon Resorces 0.0025 25% 500,000 $2,117,999 ATV Activeportgroupltd 0.082 24% 383,165 $20,931,760 GTE Great Western Exp. 0.031 24% 677,631 $8,700,265 PLY Playside Studios 0.74 23% 2,740,694 $244,822,747 LML Lincoln Minerals 0.006 20% 3,081,857 $8,520,226 MTL Mantle Minerals Ltd 0.003 20% 3,077,945 $15,493,615 NVQ Noviqtech Limited 0.003 20% 151,250 $3,273,613 OAR OAR Resources Ltd 0.003 20% 3,166,666 $6,609,319 AQN Aquirianlimited 0.215 19% 76,619 $14,521,315 AUG Augustus Minerals 0.07 19% 510,890 $4,963,080 MKG Mako Gold 0.013 18% 18,182,916 $7,286,503 SHV Select Harvests 3.75 18% 815,270 $384,966,552 CXU Cauldron Energy Ltd 0.041 17% 7,093,144 $40,366,275 MHC Manhattan Corp Ltd 0.0035 17% 308,651 $8,810,939 MTB Mount Burgess Mining 0.0035 17% 50,000 $3,134,440

WordPress Table Plugin

Yesterday’s Small Cap Winners included:

Yesterday’s Small Caps winners list had Mako Gold (ASX:MKG) at the top of the ladder, after posting an activities report and balance sheets to the market that investors decided was all really good news.

The short version is that things are progressing well for the company, particularly at its flagship Napié Gold Project in Côte d’Ivoire, where low-cost exploration work is continuing.

Meanwhile, the company has progressed its due diligence ahead of a proposed accretive transaction with Goldridge, that would see Mako consolidate its holdings and create a district scale gold play in the area.

There were, as always it seems, a couple of small caps making big moves for mysterious reasons – and that included both Iris Metals (ASX:IR1) (+22.7%) and Cleo Diagnostics (ASX:COV) (+21.4%), with neither of them having fresh news to pin it on.

Delorean (ASX:DEL) made headway after the company handed in its report card for the quarter, with news that its focus on project delivery is enabling it to “return to growth and profitability” – plus, it’s got close to $5 million smackers in the bank, and investors like that kind of thing a lot.

And last but not least, game makers Playside Studios (ASX:PLY) has reported record quarterly revenue of $20.7 million, a 106% jump on PCP, and well ahead of the prior quarterly total of $15.5 million.

The company also reported a record Original IP revenue of $11.1 million, +245% against the same period last year, and a 41% jump to another record, this time in Work for Hire revenue totalling $9.6 million.

Investors were mashing their controllers as fast as their crusty old thumbs could manage, and Playside was up 20% before lunch.

ActivePort Group (ASX:ATV) rose on the back of a solid quarterly, which reported the company had managed to boost revenue from operations by 7% to $3.73 million from Q1, and is boasting positive operating cashflow up $1.30 million, after the company accepted its R&D refund for FY23, taking net cash and equivalents up in the quarter from $1.66 million at the end of Q1 to $2.58 million at the end of Q2.

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 LNU Linius Tech Limited 0.002 -33% 18,697,169 $14,817,722 RR1 Reach Resources Ltd 0.002 -33% 2,651,538 $9,630,891 CUF Cufe Ltd 0.016 -27% 7,087,329 $25,214,472 ATH Alterity Therap Ltd 0.0045 -25% 14,850,432 $22,867,957 SOV Sovereign Cloud Hldg 0.05 -24% 589,468 $22,400,444 ENV Enova Mining Limited 0.016 -24% 21,754,827 $13,459,516 MCL Mighty Craft Ltd 0.014 -22% 1,926,300 $6,572,379 BMO Bastion Minerals 0.012 -20% 4,630,287 $4,671,661 A8G Australasian Metals 0.1 -20% 26,088 $6,515,062 TAS Tasman Resources Ltd 0.004 -20% 20,069 $3,563,346 MRC Mineral Commodities 0.021 -19% 677,061 $25,596,288 29M 29Metalslimited 0.3425 -18% 9,943,304 $294,552,439 YAR Yari Minerals Ltd 0.009 -18% 914,684 $5,305,936 GLN Galan Lithium Ltd 0.445 -18% 2,967,081 $190,875,031 PAR Paradigm Bio. 0.31 -17% 4,008,098 $131,470,941 CI1 Credit Intelligence 0.1 -17% 166,183 $10,565,425 ASR Asra Minerals Ltd 0.005 -17% 6,397,517 $9,818,974 AYT Austin Metals Ltd 0.005 -17% 19,800 $7,711,148 CHK Cohiba Min Ltd 0.0025 -17% 1,593,001 $7,590,691 KNM Kneomedia Limited 0.0025 -17% 1,099,253 $4,599,814 PUR Pursuit Minerals 0.005 -17% 7,039,993 $17,663,828 TIG Tigers Realm Coal 0.005 -17% 215,000 $78,400,214 IPD Impedimed Limited 0.11 -15% 4,552,103 $263,030,030 BXN Bioxyne Ltd 0.011 -15% 776,649 $24,721,390 DCL Domacom Limited 0.011 -15% 333,000 $5,661,523

WordPress Table Plugin