Good morning everyone, and welcome to 19 April, 2024 – an important date in the history of absurdly horrendous science, as it was on this date in 1619 that the city of Amsterdam opened the doors to one of its most curious buildings: the Theatricum Anatoticum.
You don’t need to be fluent in Latin to figure out what that translates to – but because it’s probably early in the morning when you’re reading this, it means Theatre of Anatomy, and it provided a space for fee-paying students and medical professionals to go and watch someone cut up a dead body, and talk about all the bits that came tumbling out.
The dissection itself was normally performed by a qualified man of science – or, in some instances, a very enthusiastic hobbyist – and it rapidly became much more popular than you could reasonably expect.
In later years, the requirement that an audience member be qualified, or studying towards some kind of medical degree went out the window, and before long it was seen by everyday residents of Amsterdam as a pretty decent afternoon excursion.
Kind of how most modern people would view a Sunday arvo trip to the cinema, only with less popcorn and a whole panoply of horrendous sights and odours to contend with – which, by quantity, would probably be around the same number as one might expect in a crowded movie theatre in modern times.
The fact that this is a notable event in Amsterdam’s already-weird history is overshadowed somewhat by the fact that this one wasn’t even the first theatre of it’s kind in The Netherlands.
An older one exists in the Dutch city of Leiden, which is where the earliest Dutch hipsters lived, because they were into watching people cutting up dead bodies for fun, like, years before those tryhards in Amsterdam.
Luckily for you, today’s lessons on the ASX are nowhere near as confronting, or gory – the likelihood of emerging from reading one of our great stories this morning spattered in someone else’s blood is vanishingly slim.
But not zero… just so we’re clear, and in case something happens. Not that it will, it’s just that it almost definitely won’t. Almost.
Josh has spoken to Lowell Resources Fund chief investment officer John Forwood and he reckons we’re on the cusp of ‘an everything rally’, plus Bevis has put pen to paper and typed up his illuminating report on what’s happening in the Energy market.
And I, gentle reader, have spent several gruelling minutes compiling some data, digits and highlights – all listed below – to help kickstart your morning better than two short blacks and a mega-bran muffin.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,379.06 (+0.75%)
Silver: US$28.45 (+0.75%)
Nickel (3mth): US$18,482.00/t (+3.48%)
Copper (3mth): US$9,573.50/t (+2.55%)
Oil (WTI): US$81.50 (-1.39%)
Oil (Brent): US$86.62 (-0.76%)
Iron 62pc Fe: US$107.30/t (+1.15%)
AUD/USD: 0.6448 (+0.14%)
Bitcoin: US$60,991.30 (-0.45%)
WHAT GOT YOU TALKING
Some Swedish boffins did a thing! They made a new semiconductor material called goldene – like graphene, but made from gold – and it could be a complete game changer for green hydrogen production.
Has there ever been so many clickbait keywords in a single scientific breakthrough? Researchers in Sweden have cracked the #goldene code. #graphene #hydrogen #semiconductors https://t.co/NLKKTxqvaV
— Stockhead (@StockheadAU) April 17, 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 KNB Koonenberry Gold 0.032 60% 615,771 $2,754,229 NIM Nimy Resources 0.067 52% 4,244,495 $6,178,639 NAE New Age Exploration 0.005 50% 6,571,360 $5,381,697 RCL Readcloud 0.060 33% 1,321,727 $6,579,203 ERG Eneco Refresh Ltd 0.012 33% 223,666 $2,451,225 BUR Burleyminerals 0.084 29% 639,258 $6,779,289 SDV Scidev Ltd 0.340 26% 1,427,532 $51,246,951 AJX Alexium Int Group 0.015 25% 881,406 $7,934,529 AOA Ausmon Resorces 0.003 25% 2,000,000 $2,117,999 ECT Env Clean Tech Ltd. 0.005 25% 114,500 $12,687,242 EEL Enrg Elements Ltd 0.005 25% 805,365 $4,039,860 ODE Odessa Minerals Ltd 0.005 25% 755,761 $4,173,130 TIG Tigers Realm Coal 0.005 25% 5,459,594 $52,266,809 VML Vital Metals Limited 0.005 25% 1,077,606 $23,580,268 FNR Far Northern Res 0.195 22% 108,099 $5,719,332 ICL Iceni Gold 0.029 21% 454,642 $5,917,465 NXS Next Science Limited 0.500 20% 355,247 $121,053,468 SW1 Swift Networks Group 0.018 20% 233,096 $9,700,866 GSM Golden State Mining 0.012 20% 55,224 $2,793,706 GTI Gratifii 0.006 20% 5,910,134 $8,060,225 RR1 Reach Resources Ltd 0.003 20% 100,000 $9,225,051 HAL Halo Technologies 0.125 19% 168,631 $13,506,821 RNX Renegade Exploration 0.013 18% 5,657,537 $11,040,367 TMB Tambourahmetals 0.079 18% 169,539 $5,557,004
Yesterday’s Small Cap Winners included:
Nimy Resources (ASX:NIM) reported promising intercepts, coming from its Block 3 prospect, a large previously unexplored 3km magnetic anomaly. At Block 3 West, NIM pulled up elevated copper (0.20%), silver (2.2g/t) and sulphur (13%) values hosted by mafic rocks, highlighting potential for Volcanogenic Massive Sulfide (VMS) deposits – which often occur in clusters within a small area and are valuable sources of copper, zinc, lead, silver, and gold. Copper, rare-earth oxides and gallium (up to 495ppm) in ultramafic rocks (MgO to 28%) were also intersected at Block 3 East.
Burley Minerals (ASX:BUR) was continuing its good fortune from Wednesday, with investors impressed by a presentation outlining the company’s plans for maiden drilling planned at its Hamersley iron ore projects, and progress from its advanced lithium exploration in Quebec.
eLearning solutions provider Readcloud (ASX:RCL) was up after delivering its March quarterly, showing a record $5.22 million in cash receipts from customers (up 44% on the March 2023 quarter), and $1.94 million positive net cash from operations, up 52% on the March 2023 quarter.
New Age Exploration (ASX:NAE) has started the search for gold at its new Wagyu gold project in WA’s Central Pilbara, where promising intrusive and structural targets akin to the nearby ‘Hemi style’ gold deposit have been identified.
Castile Resources (ASX:CST) was up on news that its 100%-owned Rover 1 iron oxide copper gold (IOCG) project located in the historically rich copper/gold fields of the Tennant Creek region has been awarded Major Project Status (MPS) by the Northern Territory Government.
And SciDev (ASX:SDV) has delivered a positive quarterly report, showing revenue of $29.1m, up 38% on Q3 FY23 and cash receipts of $31.3 million, while cashflow from operations of $3.8 million has delivered an underlying EBITDA of $3.6 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 Name Price % Change Volume Market Cap RMX Red Mount Min Ltd 0.001 -33% 177,640 $4,010,364 SIH Sihayo Gold Limited 0.001 -33% 52,500 $18,306,384 KOR Korab Resources 0.007 -30% 10,152,002 $3,670,500 ROG Red Sky Energy. 0.003 -25% 225,059 $21,688,909 SKN Skin Elements Ltd 0.003 -25% 2,500,015 $2,357,944 TD1 Tali Digital Limited 0.002 -25% 170,000 $6,590,311 BNZ Benzmining 0.180 -20% 204,535 $25,037,544 CYQ Cycliq Group Ltd 0.004 -20% 540,000 $1,787,583 PKO Peako Limited 0.004 -20% 596,112 $2,635,424 AYA Artryalimited 0.290 -19% 27,920 $28,333,437 BTN Butn Limited 0.054 -19% 77,512 $12,155,180 BUY Bounty Oil & Gas NL 0.005 -17% 83 $8,991,006 CAV Carnavale Resources 0.005 -17% 1,950,164 $20,541,310 EXL Elixinol Wellness 0.005 -17% 218,658 $7,806,444 HLX Helix Resources 0.005 -17% 1,346,333 $13,938,875 RPM RPM Automotive 0.071 -16% 1,314,464 $16,710,286 SRH Saferoads Holdings 0.055 -15% 47,868 $2,840,851 CLA Celsius Resource Ltd 0.011 -15% 4,763,068 $29,198,672 KTA Krakatoa Resources 0.011 -15% 10,000 $6,137,394 MEG Megado Minerals Ltd 0.011 -15% 200,000 $3,307,922 CAZ Cazaly Resources 0.018 -14% 617,082 $9,547,363 GGE Grand Gulf Energy 0.006 -14% 746,828 $14,666,729 H2G Greenhy2 Limited 0.006 -14% 225,770 $2,931,291
TRADING HALTS
Lightning Minerals (ASX:L1M) – pending an announcement in relation to a proposed acquisition and capital raising.
Brazilian Critical Minerals (ASX:BCM) ) – pending release of a Mineral Resource Estimate statement for the Ema project.
Sparc Technologies (ASX:SPN) – pending an announcement in connection with a material capital raising.
Viridis Mining and Minerals (ASX:VMM) – pending the release of an announcement regarding a capital raising.
Spartan Resources (ASX:SPR) – halt called for the purpose of considering, planning and executing a capital raising.
Aurora Labs (ASX:A3D) – pending an announcement regarding a proposed capital raising.
Larvotto Resources (ASX:LRV) – pending the release of an announcement regarding a proposed capital raising by way of a placement.
WIA Gold (ASX:WIA) – pending an announcement in relation to a proposed capital raising.
Mighty Kingdom (ASX:MKL) – pending an announcement regarding capital raising initiatives.
Orion Minerals (ASX:ORN) – pending a material announcement in relation to exploration results at its Okiep Copper Project.
Cyclone Metals (ASX:CLE) – pending an announcement regarding results of the pilot plant test work.
DroneShield (ASX:DRO) – pending an announcement in connection with a proposed capital raising.
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