Good morning everyone, and welcome to 28 March, 2024 – an important day in the history of modern cinema, as it was on this day in the Year 37 that a fella called Gaius Julius Caesar Augustus Germanicus accepted the titles of the Principate, the wheels came off Ancient Rome, and the historical seed of the 1979 biographical film Caligula was planted.
The movie is, arguably, one of the most revolting things ever committed to film, starring Malcolm MacDowell, Helen Mirren, Peter O’Toole and John Geilgud – and more shockingly hairy porn stars than you could feed to a pride of lions.
Renowned film critic Roger Ebert famously described the film as “sickening, utterly worthless [and] shameful”.
The Guardian calls it “an irresistible mix of art and genitals” … because that’s just how they roll.
Personally, it’s one of the most (but not the most) offensive movies I’ve ever seen. Morally bankrupt, unnecessarily pornographic and violent beyond any reasonable measure of decency.
4 out of 5 stars.
On a much nicer note, the Stockhead team has been hard at work making sense of the market for your pleasure this morning, with a panoply of stock-related treasures to explore at your disposal across our glorious pages.
Guy Le Page has a base metals bargain for you (his words), Cam Drummond knows where to find germanium, and Eddy explains trading halts, pauses, and suspensions. Pay attention.
And – as always – there’s words and numbers down below for you to sink your teeth into, so you don’t get caught up in the madness, and end up like Caligula – broke, sticky and confused.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,176.34 (-0.13%)
Silver: US$24.43 (+0.04%)
Nickel (3mth): US$16,555.50/t (-1.82%)
Copper (3mth): US$8,748.52/t (+0.06%)
Oil (WTI): US$80.97 (-0.37%)
Oil (Brent): US$85.54 (-0.37%)
Iron 62pc Fe: US$110.67/t (+0.03%)
AUD/USD: 0.6527 (-0.17%)
Bitcoin: US$70,431.30 (+0.63%)
WHAT GOT YOU TALKING
How much energy can a uranium bull run contain? Here’s what the experts had to say to Stockhead yesterday.
How far can this #uranium bull run… run? The sky is the limit, according to experts. https://t.co/4NEWGWalBS
— Stockhead (@StockheadAU) March 26, 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 Name Price % Change Volume Market Cap OSX Osteopore Limited 30.50 369.23 4,313,114 $671,365 AD1 AD1 Holdings Limited 1.00 66.67 719,223 $5,391,890 TLM Talisman Mining 25.00 42.86 3,468,759 $32,956,061 PTR Petratherm Ltd 3.00 36.36 518,609 $4,944,525 SKN Skin Elements Ltd 0.40 33.33 1,207,740 $1,768,458 WNR Wingara Ag Ltd 1.50 25.00 150,000 $2,106,510 CTN Catalina Resources 0.50 25.00 319,739 $4,953,948 ESR Estrella Res Ltd 0.50 25.00 3,999,848 $7,037,487 SIT Site Group Int Ltd 0.25 25.00 429,000 $5,204,980 TMR Tempus Resources Ltd 0.50 25.00 1,700,000 $2,923,995 EIQ Echoiq Ltd 13.50 20.00 1,503,246 $55,704,867 EMT Emetals Limited 0.60 20.00 1,650,802 $4,250,000 EXL Elixinol Wellness 0.60 20.00 15,678,652 $6,328,716 LRL Labyrinth Resources 0.60 20.00 2,575,926 $5,937,719 MHC Manhattan Corp Ltd 0.30 20.00 200,000 $7,342,449 BIO Biome Australia Ltd 39.50 19.70 671,758 $69,963,514 BRK Brookside Energy Ltd 1.40 16.67 28,958,052 $57,174,548 CCO The Calmer Co Int 0.35 16.67 35,307 $3,548,090 AFP Aft Pharmaceuticals 291.00 16.40 1,111 $262,165,650 LVH Livehire Limited 2.90 16.00 264,962 $9,157,638 RFT Rectifier Technolog 2.20 15.79 6,021,741 $26,257,695 HPC Thehydration 1.50 15.38 10,000 $3,446,843 BUX Buxton Resources Ltd 11.50 15.00 68,014 $17,324,689 FLN Freelancer Ltd 23.00 15.00 91,824 $90,182,976 PNN Power Minerals Ltd 15.50 14.81 569,375 $11,795,774
Yesterday’s Small Cap Winners included:
Talisman Mining (ASX:TLM) jumped nicely on news that follow-up diamond drilling has intersected multiple zones of massive sulphide galena-sphalerite-chalcopyrite (lead-zinc-copper) mineralisation at the Durnings Prospect, part of the 100%-owned Lachlan Project in NSW.
Similarly, Argent Minerals (ASX:ARD) spiked after revealing that two major mineralisation extensions from the Kempfield Deposit have been discovered through surface sampling along strike from Lode 300 Mineralised Block, which contains 5.1Moz Ag @ 102 AgEq (g/t), totalling 65.1 Moz Silver equivalent resource. The company notes that high-grade surface rock chips highlight big potential here.
Medtech company Echo IQ (ASX:EIQ) climbed after telling the market that it has completed its US Reader Study, a “key step” towards securing final FDA clearance for its cardiology decision-support technology, and an important milestone in Echo IQ’s commercial development.
And EZZ Life Science (ASX:EZZ) has risen after dropping an investor prezzo, which included news that the company has lifted revenue 43% from $15.1m in 1H FY23 to $21.7m in 1H FY24, with a gross margin of 70% stable for the period.
Osteopore (ASX:OSX) announced that it has received clearance from two regulators, namely Singapore’s Health Sciences Authority (HSA) and Vietnam’s Department of Medical Equipment and Construction (DMEC), for its aXOpore product, which is essentially a porous lattice that is used around existing bones, which mimics the natural bone microstructure to promote new bone growth.
However… this massive spike comes on the tail of a recent huge fall in share price for Osteopore, after the company went to market seeking $3,000,000 through a placement priced at a massive 94.42% discount to last closing price. That came about through a number of factors, including an ill-timed 15:1 consolidation.
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 Name Price % Change Volume Market Cap HAS Hastings Tech Met 43.00 -28.93 2,627,758 $78,775,024 CNJ Conico Ltd 0.15 -25.00 3,000,000 $3,140,190 LSR Lodestar Minerals 0.15 -25.00 5,179,597 $4,046,795 MRD Mount Ridley Mines 0.15 -25.00 487,475 $15,569,766 MRQ Mrg Metals Limited 0.15 -25.00 202,339 $5,050,237 RIE Riedel Resources Ltd 0.30 -25.00 180,459 $8,895,343 RMX Red Mount Min Ltd 0.15 -25.00 636,349 $5,347,152 PTM Platinum Asset 103.25 -20.88 11,859,279 $759,728,086 BDG Black Dragon Gold 1.90 -20.83 776,710 $5,418,424 FAU First Au Ltd 0.20 -20.00 1,516,176 $4,154,983 MCT Metalicity Limited 0.20 -20.00 668,853 $11,212,634 MOM Moab Minerals Ltd 0.40 -20.00 33,080 $3,559,817 PRX Prodigy Gold NL 0.40 -20.00 8,670,895 $8,755,539 SCT Scout Security Ltd 0.80 -20.00 100,000 $2,324,274 PBL Parabellumresources 5.70 -18.57 294,999 $4,361,000 BKT Black Rock Mining 6.80 -17.07 5,250,822 $89,992,737 IXU Ixup Limited 1.50 -16.67 68,125 $19,575,641 SOV Sovereign Cloud Hldg 3.00 -16.67 7,733,307 $12,218,424 CCZ Castillo Copper Ltd 0.50 -16.67 50,000 $7,797,032 CRB Carbine Resources 0.50 -16.67 1,473,681 $3,310,427 OPN Oppenneg 0.50 -16.67 275,000 $6,775,078 SRR Saramaresourcesltd 2.00 -16.67 583,234 $1,925,258 VRC Volt Resources Ltd 0.50 -16.67 1,212,315 $24,780,640 8CO 8Common Limited 3.70 -15.91 570,156 $9,860,176 LCL LCL Resources Ltd 1.10 -15.38 524,900 $12,417,932
TRADING HALTS
Cyclone Metals (ASX: CLE) – pending an announcement regarding the Company’s Operational Update and Investor Presentation released via ASX Announcement earlier today.
Excite Technology Services (ASX: EXT) – pending an announcement by the Company to the market in respect of a proposed capital raising.
Ava Risk Group (ASX: AVA) – pending an announcement relating to a capital raise.
APM Human Services (ASX:APM) – pending the release of an update in relation to the receipt of a letter from CVC advising that they are unable to proceed to finalise a transaction on terms consistent with their non-binding offer, ending CVC’s exclusivity period.
Kingston Resources (ASX: KSN) – pending the release of an announcement regarding a capital raise.
Pantera Minerals (ASX:PFE) – pending an announcement regarding a material capital raise to be managed by CPS Capital.
SomnoMed (ASX: SOM) – pending the Company making an announcement regarding a trading update and earnings guidance.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
