Local markets can thank a wonderful Thursday for this week\u2019s meagre gain
\nAn underground coal mine fire put the cat among the pigeons in Energy
\nWho won the Small Caps race? Read on to find out\u2026<\/p>\n
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It\u2019s been a week of ups and downs for the ASX, as the nation came to grips with the looming spectre of Yet Another Rate Hike after last week\u2019s inflation rate disaster came home to roost.<\/p>\n
To be fair, the week\u2019s saving grace happened on Thursday, after the ASX got off to a less-than-stellar start to the week and looked like it would dawdle through to the weekend in a glum, desultory manner.<\/p>\n
But, a sudden spike in iron ore prices lit a fire under the nation\u2019s miners on Thursday, sending the market skyward and putting some vim and verve back in investors\u2019 steps.<\/p>\n
It didn\u2019t last \u2013\u00a0Friday was quiet, there weren\u2019t many huge announcements worth getting excited about, and the week ended with more of a whimper than a bang.<\/p>\n
There was one other fire, though, which is worth a mention here \u2013 and that\u2019s a fire that is burning underground at Anglo American\u2019s Grosvenor coal mine in Queensland.<\/p>\n
Locally, the effect that the fire is likely to have is a very unpleasant one. About 1,400 jobs are basically in limbo, while the company figures out what the future holds for the site.<\/p>\n
And at the moment, that future is looking bleak, with the mine likely to be shuttered for months (at a minimum), while the whole mess gets brought under control.<\/p>\n
The worst case scenario is, of course, the fire burning itself out \u2013 but that could potentially take years, if the lesson learned from the mother of all underground coal fires is to be relied upon.<\/p>\n
The underground coal mine in Centralia, in the US state of Pennsylvania, caught fire in 1962 (I think\u2026 I should look that up) \u2013\u00a0and when authorities there realised that there was no chance of ever bringing it under control, they simply walked away from it.<\/p>\n
The true impact of the blaze wasn\u2019t revealed until 1979, due to a noxious blend of incompetence and passing the buck.<\/p>\n
Centralia is still on fire, the township above it all but abandoned (save for a handful of weirdos who are refusing to leave) \u2013 and the current estimate there is that it\u2019s likely to burn for another 250 years.<\/p>\n
But what was bad news for Anglo, was good news for other ASX-listed coal miners, which \u2013 for the most part \u2013\u00a0saw hefty gains as investors realised that a major contributor to Queensland\u2019s coal output was suddenly out of the game.<\/p>\n
And in Europe this week, there has been some interesting action,\u00a0because voters went to the polls there yesterday, and by all accounts, the Tories have been comprehensively spanked\u2026 and not in the way they\u2019re rumoured to rather enjoy.<\/p>\n
Labour has already claimed a massive majority in the House of Commons, with voting set to continue for a few more hours yet \u2013 but the last time I looked, Labour had picked up 187 seats to deliver a known majority of 376 seats, well past the 326 required to claim victory on their own right.<\/p>\n
Exit polling available showed that the vote has been split somewhat in either direction away from the ruling Conservative Party, which has been in power for 14 years, and seen 5 different Prime Ministers moving into 10 Downing St \u2013\u00a0although it could be argued that at least one of them doesn\u2019t really count.<\/p>\n
Liz Truss was PM for just 50 gruelling days, was famously out-lasted by a head of lettuce, and is the only Prime Minister I\u2019ve ever seen leaving Downing Street limping with both legs at the same time.<\/p>\n
Her replacement, Rishi Sunak, will be widely remembered as a disaster as well, earning the rare distinction of being one of the few people who made Britain yearn for the return of Boris Johnson\u00a0\u2013 the former PM who will forever serve as the poster child for the word \u201coaf\u201d.<\/p>\n
And so, it looks as if a fella called Sir Keir Starmer will step in as the new British PM \u2013\u00a0off the back of recent opinion polls that were\u2026 unflattering, to say the least.<\/p>\n
48% of voters polled said Starmer was performing \u201cbadly\u201d as Opposition Leader, 41% described Starmer\u2019s Labour Party as \u201cincompetent\u201d and 42% said it \u201cwas not ready\u201d to govern.<\/p>\n
So it should come as no surprise that the vote in the UK has seen Conservative voters\u00a0\u2013 unable to bring themselves to put Sunak back into Downing St \u2013\u00a0flocking to Nigel Farage\u2019s UK Reform party.<\/p>\n
Farage \u2013 the perennial numpty who drove the UK Brexit campaign \u2013 has finally landed himself a seat in the UK House of Commons, so we can expect to see him doing his best \u201cI\u2019m a ferret that\u2019s been stuffed into a tiny glass jar\u201d impersonation on the telly over the coming months.<\/p>\n
Interestingly, former Labour leader Jeremy Corbyn, who was dumped from the party by incoming PM Keir Starmer, has toppled the local Labour candidate and been elected as an Independent \u2013 so it\u2019ll be \u2018pension cheques at 20 paces\u2019 between him and the PM as well.<\/p>\n
For what it\u2019s worth, UK markets were up ahead of the expected pantsing for Ravi Shankar or whatever his name was. I\u2019ve already forgotten\u2026 but I daresay he\u2019s leaving Downing Street with a very firm sense of \u201cGood Riddance\u201d from the UK voting public.<\/p>\n
Here\u2019s what happened on Aussie markets this week\u2026<\/p>\n
The sectors overall looked like this:<\/p>\n
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Chart via Marketindex.com.au<\/p>\n
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And the ASX indices looked like this:<\/p>\n
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Chart via Marketindex.com.au<\/p>\n
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And I have run out of time to explain to you why I\u2019ve run out of time to explain what that means.<\/p>\n
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Code Company Price % Week Market Cap I88 Infini Resources Ltd 0.44 184% $13,673,997 WTM Waratah Minerals Ltd 0.305 177% $51,118,882 AL3 AML3D 0.215 150% $64,106,835 WLD Wellard Limited 0.039 129% $21,781,263 JTL Jayex Technology Ltd 0.002 100% $562,557 M2M Mt Malcolm Mines NL 0.044 100% $6,447,897 RIL Redivium Limited 0.004 100% $10,923,419 VML Vital Metals Limited 0.004 100% $17,685,201 OLY Olympio Metals Ltd 0.055 96% $4,188,347 PPK PPK Group Limited 0.73 87% $62,074,124 TTT Titomic Limited 0.135 85% $96,010,406 NNL Nordic Nickel 0.099 77% $12,468,849 AI1 Adisyn Ltd 0.035 75% $5,924,224 SGC Sacgasco Ltd 0.005 67% $4,483,201 SHO Sportshero Ltd 0.005 67% $3,089,164 AHK Ark Mines Limited 0.255 65% $14,138,835 1CG One Click Group Ltd 0.016 60% $11,250,861 E33 East 33 Limited. 0.016 60% $12,402,943 FCT Firstwave Cloud Tech 0.019 58% $30,780,349 PHL Propell Holdings Ltd 0.011 57% $3,061,719 IMI Infinity Mining 0.02 54% $2,493,821 AMN Agrimin Ltd 0.25 52% $87,679,655 HVY Heavy Minerals 0.08 51% $5,037,279 BEO Beonic Ltd 0.03 50% $14,645,075 BFC Beston Global Ltd 0.003 50% $5,991,141 LSR Lodestar Minerals 0.0015 50% $3,035,096 MOH Moho Resources 0.006 50% $3,774,247 NGS NGS Ltd 0.003 50% $1,004,910 PRX Prodigy Gold NL 0.003 50% $5,294,436 RDS Redstone Resources 0.006 50% $5,552,271 SFG Seafarms Group Ltd 0.003 50% $14,509,798 TD1 Tali Digital Limited 0.0015 50% $4,942,733 TX3 Trinex Minerals Ltd 0.003 50% $5,485,957 ABE Australian Bond Exchange 0.022 47% $2,478,699 BAS Bass Oil Ltd 0.088 47% $23,524,956 SOM SomnoMed Limited 0.36 44% $75,637,889 ZLD Zelira Therapeutics 0.46 44% $4,084,976 M2R Miramar 0.01 43% $1,973,898 RCL Readcloud 0.115 42% $14,620,451 ICL Iceni Gold 0.085 42% $19,366,035 RCR Rincon 0.1475 40% $38,921,267 ZMM Zimi Ltd 0.014 40% $1,773,306 NOV Novatti Group Ltd 0.053 39% $18,499,023 MMM Marley Spoon Se 0.025 39% $3,884,905 PTR Petratherm Ltd 0.025 39% $4,300,077 SRI Sipa Resources Ltd 0.018 38% $3,878,688 ACW Actinogen Medical 0.0635 38% $174,398,205 PNT Panthermetalsltd 0.033 38% $2,789,317 PVT Pivotal Metals Ltd 0.022 38% $16,898,839 SPQ Superior Resources 0.011 38% $18,010,984 <\/p>\n
WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Up the top of the ladder this week was Infini Resources (ASX:I88)<\/strong><\/a> , after maiden field sampling results at Infini\u2019s Portland Creek uranium project in Newfoundland, Canada, have exceeded lab testing limitations in 17 samples \u2013 meaning they are above 1.18% (11,792ppm) U3O8 \u2013 therefore sent for additional testing using higher grade tech.<\/p>\n Those are some seriously high numbers, which the company says are \u201cnothing short of outstanding\u201d and some of the highest returned grades of yellowcake in the world.<\/p>\n The company says another 52% of the samples tested have come back with readings above 1000ppm U3O8, which is impressive in itself.<\/p>\n Gold explorer Waratah Minerals (ASX:WTM)<\/strong><\/a> was next best, having sprung the market with more high-grade results from ongoing drilling at its Spur project, with up to 9.33g\/t gold.<\/p>\n The explorer is betting there\u2019s a sizeable gold deposit on its tenure since the tenements are just 5km from Newmont\u2019s +50Moz gold Cadia Valley and near the multi-million ounce Cowal and Boda deposits in NSW\u2019s prolific Lachlan Ford Belt.<\/p>\n And AML3D (ASX:AL3)<\/strong><\/a> came in third this week, on news from the top of this period of a juicy defence contract, worth $1.1 million, courtesy of the US Navy.<\/p>\n \u00a0<\/p>\n Code Company Price % Week Market Cap GCR Golden Cross 0.001 -50% $1,097,256 FMR FMR Resources Ltd 0.21 -48% $4,082,129 1MCDA Morella Corporation 0.045 -40% $18,536,398 RNX Renegade Exploration 0.009 -40% $12,800,534 IS3 I Synergy Group Ltd 0.005 -38% $1,770,402 CUS Copper Search 0.058 -38% $6,287,983 HTG Harvest Tech Grp Ltd 0.014 -33% $12,177,868 MSG MCS Services Limited 0.002 -33% $396,199 AX8 Accelerate Resources 0.026 -28% $16,760,356 OVT Ovanti Limited 0.0115 -28% $13,641,160 APL Associate Global 0.1 -26% $5,649,243 1TT Thrive Tribe Tech 0.003 -25% $1,411,865 AAU Antilles Gold Ltd 0.003 -25% $3,986,140 CLZ Classic Minerals 0.0015 -25% $808,365 MTB Mount Burgess Mining 0.0015 -25% $1,947,220 PKO Peako Limited 0.003 -25% $1,581,254 WFL Wellfully Limited 0.003 -25% $1,478,832 ASQ Australian Silica 0.024 -23% $6,764,649 GRV Greenvale Energy Ltd 0.03 -23% $14,220,595 CAQ CAQ Holdings Ltd 0.021 -22% $15,073,512 SUM Summit Minerals 0.295 -22% $19,287,561 AUA Audeara 0.031 -21% $4,501,948 GMN Gold Mountain Ltd 0.002 -20% $7,944,359 IVX Invion Ltd 0.004 -20% $26,418,129 ODA Orcoda Limited 0.14 -20% $21,990,419 SI6 SI6 Metals Limited 0.002 -20% $4,737,719 SIH Sihayo Gold Limited 0.002 -20% $24,408,512 PSC Prospect Resources 0.13 -19% $64,621,784 ILT Iltani Resources Lim 0.25 -19% $8,332,574 HAR Haranga resources 0.07 -18% $6,804,233 DTZ Dotz Nano Ltd 0.115 -18% $65,470,264 RC1 Redcastle Resources 0.018 -18% $5,909,115 1AG Alterra Limited 0.005 -17% $4,310,732 APS Allup Silica Ltd 0.035 -17% $3,268,443 CCZ Castillo Copper Ltd 0.005 -17% $6,497,527 ESK Etherstack PLC 0.175 -17% $23,704,899 EVR Ev Resources Ltd 0.005 -17% $7,927,629 HLX Helix Resources 0.0025 -17% $8,160,484 JNO Juno 0.03 -17% $5,458,358 ME1 Melodiol Global Health 0.0025 -17% $691,387 T3D 333D Limited 0.005 -17% $597,225 TZL TZ Limited 0.02 -17% $5,131,662 RCE Recce Pharmaceutical 0.4725 -17% $95,874,005 RMI Resource Mining Corp 0.019 -17% $12,394,608 NMR Native Mineral Res 0.021 -16% $4,406,861 NVQ Noviqtech Limited 0.031 -16% $4,666,885 OCN Oceana lithiumlimited 0.036 -16% $2,969,928 IR1 Iris Metals 0.2675 -16% $36,459,445 FRB Firebird Metals 0.14 -15% $21,354,210 FML Focus Minerals Ltd 0.14 -15% $44,416,590 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Monday 01 July, 2024<\/p>\n Infini Resources (ASX:I88)<\/a> announced its maiden field sampling assay results at its 100% owned Portland Creek Uranium Project in Newfoundland, Canada, where the company says the results have exceeded laboratory testing limitations in 17 samples \u2013 meaning they are above 1.18% (11,792ppm) U3O8 \u2013 and have been sent for additional testing, with other high range samples close to the upper limit for testing of this type.<\/p>\n The company says that 52% of the samples tested have come back with readings above 1,000ppm U3O8, which sets the project up to be a potential record breaker.<\/p>\n Wellard (ASX:WLD)<\/a> was surging early on news that the company has signed paperwork to offload one of its oldest livestock ships, the M\/V Ocean Ute, for $12 million, the majority of which is set to be returned directly to shareholders in a manner that is yet to be determined by the company.<\/p>\n Lindian Resources (ASX:LIN)<\/a> released news that its feasibility study for the company\u2019s Kangankunde rare earths project has confirmed it as a \u201ctechnically low risk and economically robust project\u201d, boasting a Stage 1 post-tax Net Present Value of US$555M (A$831M), an IRR of 80% and an average annual EBITDA of US$84M1 (A$124.5M).<\/p>\n Antilles Gold (ASX:AAU)<\/a> has advised that on 28 June, 2024, shareholders of the Cuban joint venture mining company, Minera La Victoria SA, formally adopted previously agreed modifications to the existing Joint Venture Agreement, paving the way for the companies to pursue a strategy to progressively evolve as a substantial mining company, with \u201cminimal future contributions required from Antilles Gold\u201d.<\/p>\n \u00a0<\/p>\n Tuesday 02 July, 2024<\/p>\n TMK Energy (ASX:TMK)<\/a> was up on news that the company has put a broom through the boardroom and managerial roster, to \u201calign individuals\u2019 competencies and experience with the immediate and future direction of the company\u201d.<\/p>\n The shakeup comes as TMK preps for a big push forward on the delivery of its Gurvantes XXXV Project in Mongolia and says the changes will provide additional support to management to progress the significant growth opportunity that lies ahead.<\/p>\n Tesoro Gold (ASX:TSO)<\/a> was pleased to report significant assay results from first-pass drilling of the Ternera East target, which has intercepted a newly identified, thick (+200m), well-mineralised El Zorro Tonalite (EZT) intrusive, approximately 300m east of the 1.3Moz Ternera Gold Deposit within Tesoro\u2019s broader El Zorro Gold Project in Chile.<\/p>\n Ark Mines (ASX:AHK)<\/a> revealed that an extensive reconnaissance drilling programme has been conducted, allowing the company to assess an exploration target range for the Sandy Mitchell rare earths tenement.<\/p>\n Ark says in the release that the target is estimated at 1.3 billion tonnes to 1.5 billion tonnes @ 1250 to 1490ppm monazite equivalent \u2013 but does also note that \u201cthe potential quantity and grade of the Exploration Target is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in estimation of a Mineral Resource.\u201d<\/p>\n Earlier in the day, Critical Resources (ASX:CRR)<\/a> was climbing on Tuesday morning after it announced that its summer field program has reinforced the company\u2019s recently announced Exploration Target of 18-29Mt at 0.8-1.2% Li2O at its Mavis Lake prospect, with new assays confirming \u201cexceptionally high grades\u201d at surface with lithium assays of up to 5.12% Li2O along the extensions of pegmatites 7 and 24.<\/p>\n Redflow (ASX:RFX)<\/a> was moving sharply on news that it has signed an MoU with the Queensland government-owned Energy producer Stanwell, setting out out Redflow\u2019s and Stanwell\u2019s intention to collaborate on the development and deployment of Redflow\u2019s X10 battery for use in a 400 MWh large-scale project, which will serve as a potential anchor order for Redflow\u2019s planned manufacturing facility in Queensland.<\/p>\n Cygnus Metals (ASX:CY5)<\/a> announced some pleasant news from its lithium prospect, after a ground gravity survey suggested the Pegasus spodumene pegmatite trend extends for at least 1.7km and remains open in all directions. The survey was centred around a find the company reported in February this year, which included a fabulous intersection of 43.7m @ 1.15% Li2O below 10m of glacial cover.<\/p>\n And Pioneer Lithium (ASX:PLN)<\/a> jumped nicely on news that its 300m exploratory auger drilling campaign at its 100% owned Verde Valor Rare Earth tenements in Bahia state in Brazil has been completed, with the samples all packed carefully and sent off to the lab to be processed.<\/p>\n \u00a0<\/p>\n Wednesday 03 July, 20244<\/p>\n Waratah Minerals (ASX:WTM)<\/a> was out in front on Wednesday morning, thanks to a fresh set of results from a further six drill holes from the on-going RC drill program at the company\u2019s Spur gold-copper project, with the highlight result coming in at 89m at 1.73g\/t Au, 0.08% Cu from 115m inc. 57m at 2.50g\/t Au, 0.11% Cu from 115m.<\/p>\n Melodiol Global Health (ASX:ME1)<\/a> was up earlier on Wednesday after issuing a trading update, showing that Q2 2024 unaudited revenues have come in at a total of $4.8 million, which represents a 9% increase on Q1 2024 revenue of $4.4 million. The uptick brings the company\u2019s H1 2024 unaudited revenues to $9.2 million, a 31% increase on H1 2023 of $7.0 million.<\/p>\n The Calmer Co (ASX:CCO)<\/a> has also issued some updated sales results, showing that its eCommerce sales have increased by $2,500, to over $18,500 per day in June, showing month on month growth over the full financial year of FY24.<\/p>\n The company says that sales via eCommerce channels grew at an average of 17% monthly over the full FY24 year, with an aggregate annual growth rate of 540%<\/p>\n And Prodigy Gold (ASX:PRX)<\/a> has released an updated Mineral Resource Estimate for its Tregony gold deposit, which now sits at 0.46Mt at 1.6g\/t Au for 23,000oz indicated, 1.10Mt at 1.2g\/t Au for 41,000oz inferred for a total MRE of 1.56Mt at 1.3g\/t Au for 64,000oz.<\/p>\n \u00a0<\/p>\n Thursday 04 July, 20244<\/p>\n Askari Metals (ASX:AS2)<\/a> announced that is has defined a significant JORC (2012) Exploration Target at the 100%-owned Burracoppin Gold Project in WA, measuring in at 8.212Mt to 11.121Mt at an average grade of between 0.67g\/t Au and 0.91g\/t Au for 176,000oz Au to 323,000oz Au, using a cut-off grade of 0.3g\/t Au.<\/p>\n Ecofibre (ASX:EOF)<\/a> announced the appointment of Ulrich (Uli) Tombuelt as Managing Director and CEO of Ecofibre and President of Ecofibre Advanced Technologies, effective by 05 August, 2024.<\/p>\n Hexagon Energy Materials (ASX:HXG)<\/a> saw a boost on Thursday after delivering an investor briefing on its low emissions\u00a0 ammonia project, highlighting the current push by the Japanese government to invest in the technology.<\/p>\n Rincon Resources (ASX:RCR)<\/a> continued to perform well off the back of Wednesday\u2019s news that the company has obtained heritage clearance for drilling at its Avalon, Sheoak, K1, and K2 targets, within the West Arunta Project in Western Australia.<\/p>\n AML3D (ASX:AL3)<\/a> was also up on old news \u2013 the company announced a juicy defence contract on Tuesday, worth $1.1 million, courtesy of the US Navy.<\/p>\n Waratah Minerals (ASX:WTM)<\/a> was still performing well today on yesterday\u2019s news about\u00a0 fresh results from a further six drill holes from the on-going RC drill program at the company\u2019s Spur gold-copper project, with the highlight result coming in at 89m at 1.73g\/t Au, 0.08% Cu from 115m inc. 57m at 2.50g\/t Au, 0.11% Cu from 115m.<\/p>\n Avenira (ASX:AEV)<\/a> was rising this morning, but the only recent news of note was the resignation of two directors, Mr Kevin Dundo and Ms Winnie Lai Hadad, who stepped down from the Board of Directors on 2 July 2024.<\/p>\n Similarly, Marley Spoon\u2019s (ASX:MMM)<\/a> news today was the result of a resignation as well, after CEO and Management Board Chairman Fabian Siegel departed on 26 June \u2013 by mutual agreement \u2013 after 10 years at the helm of the company.<\/p>\n \u00a0<\/p>\n Friday 05 July, 2024<\/p>\n There was a lot of interest in Titomic (ASX:TTT)<\/a> on Friday, but the latest news from the company is already four days old \u2013 but, for what it\u2019s worth, it was pretty good news. The company sold one of its custom high-pressure cold spray systems to the Oregon Manufacturing Innovation Centre, for a cool $1.2 million.<\/p>\n The system, once installed, will allow the Oregon centre to\u00a0 get into the additive manufacture of multi-metal parts, large-scale titanium parts, and the manufacture of multi-metal coatings, Titomic says.<\/p>\n Classic Minerals (ASX:CLZ)<\/a> climbed on Friday in the wake of an announcement that LDA Capital had subscribed for 49,850,800 shares of the 51,000,000 on offer, for a total of $47,500.00 at a price per Subscription Share of $0.00095. CLZ submitted the capital Call Notice under the terms of its strategic $15 million Put Option Agreement with the US-based financier announced in December 2022.<\/p>\n Peak Minerals (ASX:PUA)<\/a> was rising on Friday morning on news that the company has executed binding agreements for the acquisition of 80% of the highly prospective Kitongo and Lolo Uranium Projects and the Minta Rutile Project in Cameroon, West Africa.<\/p>\n The acquisition includes six exploration permits under valid application covering an area of ~2,400km2, including the areas previously held by Mega Uranium Ltd (TSX:MGA) and actively explored until 2011.<\/p>\n iTech Minerals (ASX:ITM)<\/a> was celebrating rock chip sampling results from Reynolds Range, which have come back with samples as high as 182g\/t Au, with totals for copper, silver, base metals and lithium still pending, but they are expected to arrive in the coming weeks.<\/p>\n And Zelira Therapeutics (ASX:ZLD)<\/a> was performing well after recieving a shot in the arm \u2013 and a show of confidence \u2013 from the company chairman Mr Osagie Imasogie, who has provided the company with a $1.4 million unsecured loan.<\/p>\n The loan was announced several days ago, and Zelira has informed the market that the money has arrived, and will be used to support the advancement of the HOPE SPV clinical trial, as well as general working capital purposes.<\/p>\n \u00a0<\/p>\n Piche Resources (ASX:PR2)<\/p>\n Proposed Listing: June-ish, 2024 Blinklab describes itself as a mineral exploration company with multiple, drill ready uranium projects with the potential to host tier 1 mineral deposits.<\/p>\n The IPO, as listed, will be managed by Euroz Hartleys (Lead Manager).<\/p>\n \u00a0<\/p>\n Pengana Global Credit Private Trust (ASX:PCX)<\/p>\n Proposed Listing: June-ish, 2024 Pengana Global Credit Private Trust is a listed Investment Trust investing in global private debt.<\/p>\n The IPO, as listed, will be managed by Taylor Collison Limited, Morgans Financial Limited, Shaw and Partners Limited. (Joint Lead Managers).<\/p>\n The post ASX Small Caps Weekly Wrap: ASX up on a modest win while a fire put coal on the radar once more<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"SMALL CAP LAGGARDS THIS WEEK<\/h2>\n
HOW THE WEEK SHOOK OUT<\/h2>\n
IPOs that didn\u2019t happen yet<\/h2>\n
\nIPO: $10 million at $0.10 per share<\/p>\n
\nIPO: $250,000 at $2.00 per share<\/p>\n