Good morning everyone, and welcome to Wednesday, 6 December \u2013 a date that still resonates today, after the world\u2019s most famous and prolific inventor Thomas Edison wandered into the offices of Scientific American and blew everyone\u2019s minds with his new invention, the Phonograph.<\/p>\n
Edison himself didn\u2019t \u201cinvent\u201d the phonograph, of course \u2013 it was cobbled together by a team of researchers he employed at the time, where he laid the groundwork for future tech visionaries like Elon Musk and\u00a0 Steve Jobs, by taking the work of his employees and scribbling his name on the side.<\/p>\n
That way of doing things has left Edison stuck in a sort of limbo, regarded by many as a genius because of all the stuff he apparently dreamed up, but equally regarded by many as a complete fraud, whose only real genius lay in his ability to steal intellectual property.<\/p>\n
But the model under which Edison basically \u201cinvented the modern world\u201d is one that still exists to varying degrees.<\/p>\n
You can see it in just about every work modern work contract, which clearly states that the fruits of your labour belong to your employer, not you \u2013 which is one of the immutable laws of capitalism and the source of much chagrin for everyone who\u2019s ever been busted mucking around on a personal project during a slow moment at the office.<\/p>\n
Indeed, rival inventor Nikolai Tesla was quite famously very grumpy about the fact that Edison got quite wealthy off the back of things that Tesla invented while in Edison\u2019s employ.<\/p>\n
I can only imagine how he\u2019d be feeling knowing that the current owner of the vehicle maker that bears Tesla\u2019s name is known throughout the world by an army of dim-witted fruitcakes as the man who pretty much invented the electric car.<\/p>\n
The lesson here for everyone is that everything tends to move in cycles, and that history has a weird tendency to repeat itself as a result \u2013 truisms that are also relevant to the markets we all love.<\/p>\n
That\u2019s why you should definitely read new-guy Michael Washbourne\u2019s excellent summary of what\u2019s happening to lithium on the American side of the Pacific<\/a>, and also wrap your head round all the usual dribs and drabs and numbers and stuff below\u2026 to make sure you\u2019re all set for the day ahead.<\/p>\n \u00a0<\/p>\n Gold: US$2,032.10 (+0.14%)<\/p>\n Silver: US$24.52 (-0.12%)<\/p>\n Nickel (3mth): US$16,338.50\/t (-1.89%)<\/p>\n Copper (3mth): US$8,416.15\/t (-0.47%)<\/p>\n Oil (WTI): US$73.21 (-0.07%)<\/p>\n Oil (Brent): US$78.16 (-0.05%)<\/p>\n Iron 62pc Fe: US$130.46\/t (-0.70%)<\/p>\n AUD\/USD: 0.6583 (-0.50%)<\/p>\n Bitcoin: US$41,882.50 (-0.41%)<\/p>\n \u00a0<\/p>\n US Tech stocks dragged everyone down with them yesterday morning, so here\u2019s Christian Edwards\u2019 take on the situation, alongside an utterly gratuitous photo of Santa looking at filth on the internet, while s\u2026ting down a chimney. #IWorkingHere.<\/p>\n \u00a0<\/p>\n Tech Heavy: All three US majors closed lower on Monday. The Dow Jones lost 41 points. The S&P 500 gave away -0.5%, and the tech heavy Nasdaq shed -0.8%. https:\/\/t.co\/MRPOKEONNy<\/a><\/p>\n \u2014 Stockhead (@StockheadAU) December 5, 2023<\/a><\/p>\n\n \u00a0<\/p>\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 WordPress Tables Plugin<\/a><\/p>\n \u00a0<\/p>\n Yesterday\u2019s Small Caps highlights were:<\/p>\n You probably didn\u2019t see this one coming.<\/p>\n Tuesday\u2019s all you can buy stock was Atlas Pearls (ASX:ATP)<\/a>, which noted that at its recently completed auction in Kobe, Japan, the company sold 130,000 loose pearls for total revenue of $14.81 million.<\/p>\n ATP\u2019s total revenue from loose pearl sales for the five months ended 30 November 2023 is now just below the comparable revenue for all of FY2023.<\/p>\n \u201cThe sales outcome underlined the continuing strength in the global market for south sea pearls with strong demand for the company\u2019s offering from both Chinese and Japanese buyers,\u201d said an understandably happy Atlas Pearls\u2019 CEO, Michael Ricci.<\/p>\n Reward Minerals (ASX:RWD)<\/a> has entered into a binding share sale agreement with the receivers at Kalium Lakes, to acquire the $400m Beyondie sulphate of potash (SOP) project for $20 million.<\/p>\n That\u2019s a WA project, about 160km SE of Newman and SOP is a compound commonly used in agriculture \u2013 in fertilisers.<\/p>\n We recently reported this acquisition was on the table as a potential outcome, after the company entered into an exclusivity deed with Kalium and its receivers.<\/p>\n This share sale agreement now represents the next step in an acquisition that\u2019s looking pretty likely.<\/p>\n \u00a0<\/p>\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 WordPress Tables Plugin<\/a><\/p>\n \u00a0<\/p>\n TRADING HALTS<\/p>\n Evolution Mining (ASX:EVN)<\/a> \u2013 Capital raising comprising an institutional placement and a share purchase plan.<\/p>\n Indiana Resources (ASX:IDA)<\/a> \u2013\u00a0 Pending an announcement to the market in relation to the Australian Centre for Commercial Arbitration (ACICA) proceedings between Indiana\u2019s subsidiary Nachingwea U.K. Limited and Loricatus Resource Investments.<\/p>\n Invictus Energy (ASX:IVZ)<\/a> \u2013 Invictus is prepping an update on the intermediate wireline logging and fluid sampling results from Mukuyu-2 Side Track well.<\/p>\n MRG Metals (ASX:MRQ)<\/a> \u2013 Pending the release of an announcement to the market in relation to a Western Australia Lithium project acquisition and a capital raising.<\/p>\n Elixir Energy (ASX:EXR)<\/a> \u2013 Pending the release of an announcement by the Company concerning initial drilling results from its Daydream-2 appraisal well.<\/p>\n Cohiba Minerals (ASX:CHK)<\/a> \u2013 Pending an announcement by the Company to the market in relation to a material capital raising.<\/p>\n Future Metals (ASX:FME)<\/a> \u2013 Pending the release of an announcement regarding the Scoping Study on the Panton PGM-Ni-Cr Project.<\/p>\n Emu (ASX:EMU)<\/a> \u2013 Pending the release of an announcement advising results from its maiden reconnaissance field survey at its Georgetown Project in Queensland.<\/p>\n <\/span><\/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":"COMMODITY\/FOREX\/CRYPTO MARKET PRICES<\/h2>\n
WHAT GOT YOU TALKING<\/h2>\n
YESTERDAY\u2019S ASX SMALL CAP LEADERS<\/h2>\n
YESTERDAY\u2019S ASX SMALL CAP LAGGARDS<\/h2>\n