{"id":12014,"date":"2024-07-08T19:00:18","date_gmt":"2024-07-08T19:00:18","guid":{"rendered":"https:\/\/economicherald.net\/?p=12014"},"modified":"2024-07-08T19:00:18","modified_gmt":"2024-07-08T19:00:18","slug":"rise-and-shine-everything-you-need-to-know-before-the-asx-opens-179","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12014","title":{"rendered":"Rise and Shine: Everything you need to know before the ASX opens"},"content":{"rendered":"

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Good morning everyone, and welcome to 8 July June, 2024 \u2013 an important day in the history of the good ol\u2019 American greed.<\/p>\n

That\u2019s because it was on this day in 1795 that a \u201ctrue American patriot\u201d by the name of James Swan stepped in to sort out the United States\u2019 foreign debt, which stood at $2,024,899 \u2013\u00a0covered out of pocket by Swan himself from his considerable personal fortune.<\/p>\n

But, while that might look like the kind of incredible largesse required to earn the admiration and respect of the kind of people that find Being a Patriot impressive, the fact is that Swan did it for the most American reason of all\u2026 to make money.<\/p>\n

Swan did so by selling off portions of the debt \u2013 at a small premium \u2013 to other individuals and organisations, who then collected on the debt, plus whatever interest had accrued over and above the premium paid to Swan.<\/p>\n

He made money, they made money, America\u2019s \u201cforeign debt\u201d became a domestic one, and everyone went about their day thinking Swan was a national hero, when in fact he was just using his position as one of the wealthiest people in the world to make even more money.<\/p>\n

Luckily for you, you don\u2019t need to be the richest, money-grubbing scumbag in America in order to get your hands on the info you need today because \u2013 as always \u2013 I\u2019ve thrown together lots of fiddly little things below, so you don\u2019t need to go ferreting all over the internet for your ASX info this morning.<\/p>\n

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COMMODITY\/FOREX\/CRYPTO MARKET PRICES<\/h2>\n

Gold: US$2,390.90 (-0.26%)<\/p>\n

Silver: US$31.34 (-1.09%)<\/p>\n

Nickel (3mth): US$17,175\/t (+1.23%)<\/p>\n

Copper (3mth): US$9,809\/t (+0.85%)<\/p>\n

Zinc: US$2,954\/t (+0.23%)<\/p>\n

Oil (WTI): US$82.89 (-0.56%)<\/p>\n

Oil (Brent): US$86.40 (-0.51%)<\/p>\n

Iron 62pc Fe: US$111.31\/t (0.00%)<\/p>\n

AUD\/USD: 0.6745 (-0.01%)<\/p>\n

Bitcoin: US$55,769.40 (-0.71%)<\/p>\n

\u00a0<\/p>\n

WHAT GOT YOU TALKING<\/h2>\n

A few choice words of warning from Stockhead\u2019s garimpeiro, Barry FitzGerald, on why you should think carefully about rumours of takeovers on the ASX.<\/p>\n

\u00a0<\/p>\n

Garimpeiro does not recommend loading up in a rumoured takeover target in the hope the rumour is on the mark and there is a takeover premium to be had. https:\/\/t.co\/7RaXyd9I4E<\/a><\/p>\n

\u2014 Stockhead (@StockheadAU) July 7, 2024<\/a><\/p>\n\n

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YESTERDAY\u2019S ASX SMALL CAP LEADERS<\/h2>\n

Here are the best performing ASX small cap stocks:<\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/p>\n

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Code Company Price % Change Volume Market Cap RXM Rex Minerals Limited 0.435 58.2 31,830,224 $211,172,959 CLZ Classic Min Ltd 0.002 50.0 5,614,147 $808,365 RML Resolution Minerals 0.003 50.0 1,793,332 $3,220,044 SI6 SI6 Metals Limited 0.003 50.0 80,045 $4,737,719 SIH Sihayo Gold Limited 0.003 50.0 780,000 $24,408,512 LVH Livehire Limited 0.019 46.2 2,298,734 $4,804,773 T3D 333D Limited 0.007 40.0 921,779 $597,225 PKO Peako Limited 0.004 33.3 198,500 $1,581,254 REM Remsensetechnologies 0.032 33.3 2,088,434 $3,956,632 FBR FBR Ltd 0.042 29.7 41,686,301 $142,142,399 NVU Nanoveu Limited 0.025 25.0 1,922,480 $10,098,454 88E 88 Energy Ltd 0.003 25.0 154,634,919 $57,785,344 ME1 Melodiol Glb Health 0.003 25.0 2,327,026 $460,924 PGO Pacgold 0.130 23.8 141,603 $8,835,271 AYA Artryalimited 0.295 22.9 28,499 $18,888,958 <\/p>\n

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Yesterday\u2019s Small Cap Winners included:<\/h2>\n

Rex Minerals (ASX:RXM)<\/a> was the early flyer on Monday morning, no news that it\u2019s entered a scheme implementation deed that will see MACH Metals Australia buy the entire company for $0.47 per Rex share \u2013 which is a huge premium of 79% to Rex\u2019s 30-day VWAP2 and 98% to the 90-day VWAP, valuing the company at $393 million.<\/p>\n

Gold Mountain (ASX:GMN)<\/a>\u00a0 was also moving quickly on Monday, on news that the company has received assays from regional stream sediment sampling with widespread anomalies that cover a total area of approximately 80km2, signalling potential for ultra-high grade hard rock monazite hosted REE-Nb-U-Sc mineralisation at its Down Under project.<\/p>\n

Robotic technology company FBR (ASX:FBR)<\/a> was up on news that its its first next-generation Hadrian X construction robot has arrived in the United States, where it will be transported to a facility in Fort Myers, Florida to undergo testing.<\/p>\n

And Bastion Minerals (ASX:BMO)<\/a> was up early on news that soil sampling has defined elevated lithium to 120 ppm north of the post\u2013tectonic granite (Agl) identified in government mapping, along with elevated tantalum (to 18 ppm), rubidium (to 234 ppm), tin (to 13 ppm) and cerium (to 115 ppm) occur in the south of the soil grid, at its 100% owned Split Rock Dam project in WA.<\/p>\n

Encounter Resources (ASX:ENR)<\/a> was up this morning on news that fresh assays from 200m east of other recently reported results have returned additional shallow, high-grade niobium-REE mineralisation including:<\/p>\n

46m @ 3.1% Nb2O5 from 60m to EOH including 4m @ 6.4% Nb2O5 from 84m
\n18m @ 3.2% Nb2O5 from 76m including 2m @ 17.0% Nb2O5 from 76m<\/p>\n

88 Energy (ASX:88E)<\/strong><\/a> was up later in the day, on news of the commencement of a 2D seismic acquisition program for Petroleum Exploration Licence 93 over the Owambo Basin, Namibia, the funding of which by 88 Energy allows them a claim to an initial 20% working interest in the project.<\/p>\n

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YESTERDAY\u2019S ASX SMALL CAP LAGGARDS<\/h2>\n

Here are the worst performing ASX small cap stocks:<\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/p>\n

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Code Company Price % Change Volume Market Cap LSR Lodestar Minerals 0.001 -33.3 1,473,224 $3,035,096 SIT Site Group Int Ltd 0.002 -33.3 734,725 $7,807,471 TD1 Tali Digital Limited 0.001 -33.3 117,000 $4,942,733 1MCDA Morella Corporation 0.043 -28.3 315,803 $14,829,119 ERL Empire Resources 0.003 -25.0 2,000,000 $5,935,653 ODE Odessa Minerals Ltd 0.003 -25.0 1,118,766 $4,173,130 RIL Redivium Limited 0.003 -25.0 92,281 $10,923,419 XPN Xpon Technologies 0.012 -25.0 48,812 $5,799,064 NRZ Neurizer Ltd 0.01 -23.1 10,912,022 $24,731,598 DTR Dateline Resources 0.007 -22.2 6,807,647 $13,117,923 MVL Marvel Gold Limited 0.007 -22.2 4,347 $7,774,116 PAM Pan Asia Metals 0.125 -21.9 106,059 $29,682,935 PNM Pacific Nickel Mines 0.024 -20.0 965,542 $12,547,593 ATH Alterity Therap Ltd 0.004 -20.0 160,017 $26,225,577 GCM Green Critical Min 0.004 -20.0 608,432 $5,682,925 PNX PNX Metals Limited 0.004 -20.0 165,000 $29,851,074 TTT Titomic Limited 0.1075 -17.3 15,574,756 $131,382,661 AI1 Adisyn Ltd 0.029 -17.1 3,751,125 $6,479,620 AVE Avecho Biotech Ltd 0.0025 -16.7 508,178 $9,507,891 FBM Future Battery 0.032 -16.0 997,050 $25,166,485 <\/p>\n

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TRADING HALTS\u00a0<\/h2>\n

Mayfield Childcare (ASX:MFD)<\/a> ) \u2013 pending the release of an announcement regarding an acquisition.<\/p>\n

Suvo Strategic Minerals (ASX:SUV)<\/a> \u2013 pending an announcement relating to a binding agreement for its geopolymer concrete.<\/p>\n

Redcastle Resources (ASX:RC1)<\/strong><\/a> \u2013 pending an announcement in relation to its diamond drilling campaign at Queen Alexandra.<\/p>\n

Hastings Technology Metals (ASX:HAS)<\/a> ) \u2013 pending an announcement to the market concerning a share placement.<\/p>\n

Infini Resources (ASX:I88)<\/a> \u2013 pending an announcement regarding material exploration results at its Portland Creek Uranium Project.<\/p>\n

Summit Minerals (ASX:SUM)<\/a> \u2013 ending an announcement by Summit in relation to a capital raise.<\/p>\n

The post Rise and Shine: Everything you need to know before the ASX opens<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Good morning everyone, and welcome to 8 July June, 2024 \u2013 an important day in the history of the good ol\u2019 American greed. 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