Good morning everyone, and welcome to 6 February, 2024 \u2013\u00a0an important date on the calendar for the 1933 crew of the USS Ramapo, because it was on that day that they survived getting caught by the largest rogue wave ever recorded.<\/p>\n
The US ship was on its way from San Diego to Manila when it was caught up in a monstrous storm, which raged around the vessel for days on end, whipping up swells that were running at an average of around 50 feet.<\/p>\n
In the midst of the storm, around three o\u2019clock in the morning, there was a brief moment when the skies cleared and the light of the moon broke through for the first time in days.<\/p>\n
The watch officer on the bridge happened to look behind the ship, and saw a wave of immense size barreling towards the rear deck, at an estimate 50 knots \u2013 far faster than the Ramapo was moving.<\/p>\n
When it struck, the wave lifted the stern of the ship violently towards the crest of the wave, and \u2013 having braced himself against its impact \u2013 the watch officer was able to observe the size of this beast of a wave.<\/p>\n
At one point, the entire length of the Ramapo \u2013\u00a0almost 500 feet long \u2013 was caught near-vertical on the face of the wave, with the ship\u2019s crow\u2019s nest in a directly horizontal line of sight from where he was hanging on for dear life.<\/p>\n
From that account, the size of the rogue wave was calculated to be 112 feet \u2013 around 34 metres \u2013 tall\u2026 and other people who are way better at maths and know stuff about how waves work have figured out that it carried with it a potential energy of about 17,000 kilowatts per metre.<\/p>\n
Which is a lot.<\/p>\n
It remains to this day the largest recorded rogue wave ever observed which wasn\u2019t a tsunami.<\/p>\n
And with that little nugget of meteorological knowledge in your mind, you\u2019re probably ready to take on the day on the markets, where \u2013 we\u2019re all hoping \u2013 we won\u2019t get the ASX equivalent of that washing over us all.<\/p>\n
To help prep you in case you do need a life preserver, you\u2019ll be forearmed with knowledge of what the fuss over the West Arunta is all about<\/a>, thanks to Jess Cummins, and Nads McGrath has caught up with the guys who made a pacemaker the size of a grain of rice<\/a>.<\/p>\n And, as always, below you\u2019ll find a quick wrap of how the past 24 hours or so panned out, just in case you weren\u2019t paying attention.<\/p>\n \u00a0<\/p>\n Gold: US$2,030.50 (-0.39%)<\/p>\n Silver: US$22.550 (-0.54%)<\/p>\n Nickel (3mth): US$15,985.00\/t (+0.00%)<\/p>\n Copper (3mth): US$8,374.19\/t (-0.61%)<\/p>\n Oil (WTI): US$72.70 (+0.60%)<\/p>\n Oil (Brent): US$77.78 (+0.60%)<\/p>\n Iron 62pc Fe: US$130.50\/t (-2.25%)<\/p>\n AUD\/USD: 0.6509 (+0.06%)<\/p>\n Bitcoin: US$42,641.50<\/span> (+0.17%)<\/p>\n \u00a0<\/p>\n If you missed our fireside chat with Race Oncology boss Daniel Tillett, here\u2019s your chance to catch up.<\/p>\n \u00a0<\/p>\n What\u2019s in Store for 2024: Race Oncology? Watch our 2024 Preview video with CEO Daniel Tillett to find out more https:\/\/t.co\/vjcQRVcZEm<\/a> #ASX<\/a> #ASX200<\/a> $RAC<\/a> @RaceOncology<\/a> pic.twitter.com\/9HlxVO7ii8<\/a><\/p>\n \u2014 Stockhead (@StockheadAU) February 2, 2024<\/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 Table Plugin<\/a><\/p>\n \u00a0<\/p>\n The party was most definitely on at Bioxyne (ASX:BXN)<\/a>, after news that the company\u2019s\u00a0 wholly-owned subsidiary Breathe Life Sciences has been awarded a Good Manufacturing Practice (GMP) licence to manufacture medical cannabis. And psilocybin. And MDMA.<\/p>\n That\u2019s huge news for Bioxyne, as the licence also allows Breathe Life Sciences to produce \u201cfinal dose form capsules for supply to authorised prescribers and clinical trials\u201d.<\/p>\n Battery anode business Ecograf (ASX:EGR)<\/a> surged 36%, despite not having anything of interest to tell the market \u2013 and I\u2019m not entirely sure why. I\u2019ll try and find out, but don\u2019t hold your breath waiting for an answer just yet.<\/p>\n And a couple of the smaller goldies, namely Belararox and Great Western Exploration, saw significant post-lunch surges despite a lack of fresh announcements as well.<\/p>\n Red Metal continued its recent success, moving 21.5% higher on last week\u2019s news of outstanding leach results received from initial metallurgical testing at the company\u2019s new Sybella discovery.<\/p>\n Last week\u2019s high-flyer Mako Gold (ASX:MKG)<\/a> was at it again, rising another 16.6% after delivering a presentation to the 121\/Mining Indaba Conference in Cape Town, South Africa.<\/p>\n The prezzo didn\u2019t contain any salient information that the market didn\u2019t already know about, by the looks of things \u2013 but it does tie up all of Mako\u2019s recent great news in a pretty format, so there\u2019s that.<\/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 Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Reward Minerals (ASX:RWD)<\/strong><\/a> \u2013 pending the release of an announcement in relation to its proposed acquisition of the Beyondie Project and associated entitlement offer.<\/p>\n Indiana Resources (ASX:IDA)<\/strong><\/a> \u2013 pending an announcement to the market in relation to a decision from the ICSID ad hoc Committee concerning the Claimants\u2019 preliminary objections to the United Republic of Tanzania\u2019s application for annulment of the Award pursuant to ICSID Arbitration Rule 41(5).<\/p>\n (ikr)<\/p>\n Kalamazoo Resources (ASX:KZR)<\/strong><\/a> \u2013 pending the release of an announcement pertaining to a material corporate transaction in relation to the disposal of the Ashburton Gold Project.<\/p>\n Anagenics (ASX:AN1)<\/strong><\/a> \u2013 pending the release of an ASX announcement regarding a proposed capital raise.<\/p>\n Flexiroam (ASX:FRX)<\/strong><\/a> \u2013\u00a0 pending the release of an announcement in relation to a capital raising.<\/p>\n Locality Planning Energy (ASX:LPE)<\/strong><\/a> \u2013 pending the release of an announcement in relation to a Board restructure.<\/p>\n \u00a0<\/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 Small Cap Winners included:<\/h2>\n
YESTERDAY\u2019S ASX SMALL CAP LAGGARDS<\/h2>\n
TRADING HALTS<\/h2>\n