Good morning everyone, and welcome to 11 April, 2024 – an important date in the history of military happenings for a variety of nations around the globe.
It was on this day in 1241 that the Battle of Mohi took place, which saw Mongol leaders Batu and Subedei defeat Hungarian King Béla IV in a major battle during the Mongolian invasion of Hungary, which ended with about 30,000 Hungarians dead… which was, at the time, pretty much all of them.
On this day in 1841 1814, Napolean Bonaparte was exiled to Elba, after he attempted to conquer the entire world and – *ahem* – came up a little short.
And on this day in 1898, Spain declared war on the United States, which didn’t go well for Spain, as it was on this day in 1899 that the Treaty of Paris was ratified, and Spain ceded Puerto Rico to ‘Murica.
On an far more peaceful note, I am delighted to inform you that the Stockhead team has been beavering away tirelessly, to bring you some excellent content to peruse before the market gets going today.
That includes … stuff. I’m not sure. Something about a rare earths company that’s massively undervalued, probably. And Badman squeezed his eyes shut really tight and made some lithium news. Little battler that he is.
Plus, I have once again dedicated countless nanoseconds of my fleeting existence to writing down a series of numbers and facts, just so you can look smart when the market opens later this morning.
You’re welcome.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,356.72 (+0.16%)
Silver: US$28.24 (+0.28%)
Nickel (3mth): US$17,778.00/t (+0.51%)
Copper (3mth): US$9,295.00/t (+0.15%)
Oil (WTI): US$85.30 (-0.02%)
Oil (Brent): US$89.45 (-0.16%)
Iron 62pc Fe: US$104.33/t (+1.58%)
AUD/USD: 0.6620 (-0.11%)
Bitcoin: US$69,332.00 (+0.31%)
WHAT GOT YOU TALKING
Clarity Pharma is making in-roads into the fight against cancer, and Eddy Sunarto’s had a solid dig into how it all works. Hint: it’s copper!
.@Clarity_Pharma ( $CU6 ) is one of the only firms left with an advanced program. Eddy Sunarto reached out to Clarity’s executive chairperson, Dr Alan Taylor. https://t.co/U0O1AH16HY
— Stockhead (@StockheadAU) April 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 Name Price % Change Volume Market Cap FRS Forrestaniaresources 0.029 107% 39,354,726 $2,265,000 PSC Prospect Res Ltd 0.135 55% 6,314,637 $40,309,881 CNJ Conico Ltd 0.002 50% 2,005,517 $1,805,095 MKL Mighty Kingdom Ltd 0.003 50% 25,933,626 $1,322,533 TD1 Tali Digital Limited 0.002 50% 10,781,096 $3,295,156 TMR Tempus Resources Ltd 0.006 50% 1,855,682 $2,923,995 WTM Waratah Minerals Ltd 0.105 40% 1,877,845 $11,202,337 IEC Intra Energy Corp 0.002 33% 500,000 $2,536,172 NES Nelson Resources. 0.004 33% 500,000 $1,840,783 GTG Genetic Technologies 0.180 33% 253,193 $15,581,328 NWM Norwest Minerals 0.042 31% 3,429,130 $12,419,824 ABE Ausbondexchange 0.028 27% 28,299 $2,478,699 PHL Propell Holdings Ltd 0.011 22% 9,629 $2,505,043 BBT Bluebet Holdings Ltd 0.305 22% 687,187 $50,276,586 SPN Sparc Tech Ltd 0.305 22% 315,330 $21,411,419 CPN Caspin Resources 0.088 21% 739,320 $6,881,394 AYT Austin Metals Ltd 0.006 20% 2,546,014 $6,425,957 CAV Carnavale Resources 0.006 20% 2,065,857 $17,117,759 CHK Cohiba Min Ltd 0.003 20% 5,956,264 $8,970,610 OSL Oncosil Medical 0.006 20% 1,885,000 $11,277,706 VRC Volt Resources Ltd 0.006 20% 847,698 $20,650,533 M4M Macro Metals Limited 0.013 18% 57,835,367 $35,552,734 SRL Sunrise 0.870 18% 125,290 $66,768,349 SBM St Barbara Limited 0.270 17% 14,708,494 $188,133,187 EMH European Metals Hldg 0.310 17% 51,381 $32,753,496 WA1 WA1 Resources 15.030 2% 206,354 $901,644,551
Yesterday’s Small Cap Winners included:
Out in front Thursday was Forrestania Resources (ASX:FRS), which revealed that it’s been poring over old exploration and digging date, and had boots on the ground on-site, in its search for gold at the Ada Ann and Bonnie Vale North prospects, just north of Coolgardie, WA.
The highlight of the announcement was a rock chip grab sample that contained 49g/t Au, found in previously unrecorded, historic drill spoils at Ada Ann, to go with other grab samples of 15.7g/t and 13.5g/t.
Other gold finds pushing gains include Waratah Minerals (ASX:WTM), which reported maiden drilling at Spur, just 5km west from big gun Newmont Corporation’s (ASX:NEM) flashy Cadia Valley project (>50Moz Au, 9.5Mt Cu 1). And Waratah’s Spur is also hosted in “equivalent Late Ordovician-aged geology” within the Molong Belt of mineralisation.
Prospect Resources (ASX:PSC) has executed an agreement that will see Orpheus Minerals (ASX:ORP) exiting from its exploration projects in Zambia, and pay $1.0 million in fully paid PSC shares as partial reimbursement of prior exploration expenditure, along with three options to acquire ordinary PSC shares for every four shares issued, at 15 cents per share, expiring three years after issue.
Kula Gold’s (ASX:KGD) ultrafine soil sampling program has discovered the new Boomerang gold anomaly at its Marvel Loch project near Southern Cross. Drilling approvals are in place and a rig is ready to begin testing in the coming weeks.
And Wildcat Resources (ASX:WC8) said drilling beneath the Leia deposit has discovered a thick lithium mineralised repetition named the “Luke Pegmatite”, with best intercepts of: 41.0m @ 1.0% Li2O from 267m. Meanwhile diamond drilling at Leia continues to return impressive new results including: 68.0m @ 1.4% Li2O from 337m.
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 AXP AXP Energy Ltd 0.001 -50% 9,297,454 $11,649,361 MHC Manhattan Corp Ltd 0.002 -33% 10,112,532 $8,810,939 WEL Winchester Energy 0.002 -33% 500,000 $3,061,266 SOM SomnoMed Limited 0.210 -30% 813,211 $32,354,969 1MC Morella Corporation 0.003 -25% 3,737,624 $24,715,198 RIL Redivium Limited 0.003 -25% 100,000 $10,923,419 RMX Red Mount Min Ltd 0.002 -25% 17,243,525 $5,347,152 TKL Traka Resources 0.002 -25% 40,000 $3,501,317 NVU Nanoveu Limited 0.018 -24% 1,823,873 $10,250,999 NMR Native Mineral Res 0.024 -20% 100 $6,295,515 SRR Saramaresourcesltd 0.024 -20% 725,382 $2,412,573 ECT Env Clean Tech Ltd. 0.004 -20% 324,946 $15,859,052 LNU Linius Tech Limited 0.002 -20% 18,777,000 $12,991,852 MCT Metalicity Limited 0.002 -20% 290,000 $11,212,634 NYR Nyrada Inc. 0.105 -19% 5,500,842 $23,323,131 VRX VRX Silica Ltd 0.073 -19% 1,217,560 $52,504,069 FZR Fitzroy River Corp 0.120 -17% 1,474 $15,653,366 MCL Mighty Craft Ltd 0.015 -17% 92,460 $6,572,379 BLZ Blaze Minerals Ltd 0.005 -17% 1,366,051 $3,771,349 MOM Moab Minerals Ltd 0.005 -17% 1,425,800 $4,271,781 TAS Tasman Resources Ltd 0.005 -17% 101,000 $4,276,016 VML Vital Metals Limited 0.005 -17% 2,209,070 $35,370,402 YAR Yari Minerals Ltd 0.005 -17% 25,000 $2,894,147 ENX Enegex Limited 0.021 -16% 7,000 $9,222,900
TRADING HALTS
Forbidden Foods (ASX:FFF) – pending an announcement by the company in relation to a proposed capital raising.
Argenica Therapeutics (ASX:AGN) – pending an announcement by the company regarding a capital raising.
Tigers Realm Coal (ASX:TIG) – pending an announcement regarding the judgement made by the Federal Court of Australia on 9 April 2024 in relation to the declaratory relief proceedings commenced by the company. The Federal Court has dismissed the company’s application.
Aguia Resources (ASX:AGR) – pending an anticipated announcement by the Company regarding a proposed capital raising.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
