Rise and Shine: Everything you need to know before the ASX opens

Good morning! Here’s everything you need to know before the ASX opens today.

Adrian's new "zero gravity" mattress turned out to be quite difficult to sleep on. Pic via Getty Images.

Good morning everyone, and welcome to 8 July, 2024 – an important day in the history of the world for a very windy reason.

That’s because it was on this day in 1680 the first confirmed tornado in America killed a servant at Cambridge, Massachusetts, when he was trapped inside his master’s horse-drawn carriage when the storm touched down.

Having tasted human blood, the storms became adept at spotting and targeting large collections of mobile homes from the air, before descending to hunt.

Some meteorologists theorise it's a way for the tornados to engage with their prey. More adept tornados choose to target mobile dwellings over their more traditional, motionless houses to “give the puny humans something of a sporting chance at evading the terrible might and power of these howling funnel beasts of the sky”.

Others suggest that it might only be the dumbest of humans who, given their lower than average intelligence, are not only forced by circumstance to live in areas known to be hunting grounds of the tornados, but are also only able to afford the kind of house that requires wheels.

Luckily for you, you don’t need to be whisked from your home in Kansas to go on a killing spree through a mystical land with three highly unlikely companions in order to get your hands on the info you need today.

The ineffable Tim Boreham spills the tea dendrimer technology specialist Starpharma, and if you missed the sternest man in stocks Barry Fitzgerald having his say about Sovereign’s Kasiya project in Malawi, you should definitely take a look at it now.

As a brief aside, that word ‘ineffable’ is a great word, but it doesn’t mean what it looks like it should mean.

I heard it a lot in the hymns I sang as a boy, when I was Head Chorister of my fancy high school’s chapel choir, and it first I thought it was a polite Christian way of suggesting that it meant “unable to have sex”.

It doesn’t mean that, though. It means “incapable of being expressed in words”. In one sense, I was correct… because, it’s usually used in a positive sense, and as such almost always crops up in Christian texts when it would be completely improper to use the more obvious phrase, which is something that sounds a lot like “freakin' amazing”.

Anyway... Tim and Barry have drummed up some great stuff as per usual, and – as always – I’ve thrown together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,399.85/oz (+1.29%)

Silver: US$31.52/oz (+2.21%)

Nickel (3mth): US$17,383/t (+0.96%)

Copper (3mth): US$9,983/t (+1.02%)

Zinc: US$3,003/t (0.55%)

Oil (WTI): US$83.44/bbl (-0.52%)

Oil (Brent): US$86.86/bbl (-0.65%)

Iron 62pc Fe: US$111.31/t (-1.52%)

AUD/USD: 0.6748 (+0.31%)

Bitcoin: US$57,689.00 (+1.70%)

WHAT GOT YOU TALKING

Josh Chiat dropped this excellent dive into why coal stocks are generating a lot of heat on the ASX at the moment.

If you’ve been reading Stockhead over the past few days, you’ll be unsurprised to hear #coking #coal #stocks are on a tear. | #ASX https://t.co/bHRqHPabxC

— Stockhead (@StockheadAU) July 5, 2024

FRIDAY’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	Company	Price	% Change	Volume	Market Cap
PUA	Peak Minerals Ltd	0.005	50.0	36,996,203	$3,124,130
CLZ	Classic Min Ltd	0.002	50.0	14,927,273	$808,365
WML	Woomera Mining Ltd	0.003	50.0	2,165,400	$2,436,278
EQS	Equitystorygroupltd	0.022	46.7	376,585	$1,634,902
TTT	Titomic Limited	0.135	42.1	15,538,128	$96,010,406
AQC	Auspaccoal Ltd	0.097	36.6	1,708,921	$37,899,866
I88	Infini Resources Ltd	0.485	34.7	1,975,757	$13,673,997
ZLD	Zelira Therapeutics	0.460	27.8	13,075	$4,084,976
CCM	Cadoux Limited	0.070	27.3	415,789	$20,400,467
WIN	WIN Metals	0.028	27.3	1,751,534	$7,021,433
ICL	Iceni Gold	0.089	25.4	3,390,507	$19,366,035
SPD	Southernpalladium	0.425	25.0	45,607	$30,515,000
ASR	Asra Minerals Ltd	0.005	25.0	1,004,984	$8,144,317
LRL	Labyrinth Resources	0.005	25.0	4,448,355	$4,750,175
SIS	Simble Solutions	0.003	25.0	35,749	$1,506,901

Friday’s Small Cap Winners included:

There was a lot of interest in Titomic (ASX:TTT) on Friday, but the latest news from the company is already four days old – but, for what it’s 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.

The system, once installed, will allow the Oregon centre to  get into the additive manufacture of multi-metal parts, large-scale titanium parts, and the manufacture of multi-metal coatings, Titomic says.

Classic Minerals (ASX:CLZ) 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.

Peak Minerals (ASX:PUA) 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.

The acquisition includes six exploration permits under valid application covering an area of ~2400km2, including the areas previously held by Mega Uranium Ltd (TSX:MGA) and actively explored until 2011.

iTech Minerals (ASX:ITM) 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.

And Zelira Therapeutics (ASX:ZLD) was performing well after recieving a shot in the arm – and a show of confidence – from the company chairman Mr Osagie Imasogie, who has provided the company with a $1.4 million unsecured loan.

The loan was announced several days ago, and Zelira has informed the market that the money has arrived. It will be used to support the advancement of the HOPE SPV clinical trial, as well as general working capital purposes.

FRIDAY’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	Company	Price	% Change	Volume	Market Cap
SHO	Sportshero Ltd	0.003	-40.0	2,876,995	$3,089,164
ME1	Melodiol Glb Health	0.002	-33.3	11,287,694	$691,387
MMM	Marley Spoon Se	0.024	-27.3	257,374	$3,884,905
AAU	Antilles Gold Ltd	0.003	-25.0	1,003,376	$3,986,140
EXL	Elixinol Wellness	0.003	-25.0	611,859	$5,284,729
NGS	NGS Ltd	0.003	-25.0	12,596,378	$1,004,910
TMG	Trigg Minerals Ltd	0.009	-25.0	1,196,724	$5,168,168
CAQ	CAQ Holdings Ltd	0.016	-23.8	354,565	$15,073,512
1MCDA	Morella Corporation	0.060	-20.0	222,690	$18,536,398
ALR	Altairminerals	0.004	-20.0	1,193,839	$21,482,888
CDT	Castle Minerals	0.004	-20.0	2,904,813	$6,639,132
MCL	Mighty Craft Ltd	0.004	-20.0	453,679	$1,844,546
MRQ	Mrg Metals Limited	0.004	-20.0	78,393,793	$12,625,593
ROG	Red Sky Energy.	0.004	-20.0	344,749	$27,111,136
SMM	Somerset Minerals	0.004	-20.0	3,004,302	$5,154,994
PWN	Parkway Corp Ltd	0.008	-16.7	2,337,618	$24,904,025
UCM	Uscom Limited	0.015	-16.7	42,622	$4,488,201
EVR	Ev Resources Ltd	0.005	-16.7	828,000	$7,927,629
HT8	Harris Technology Gl	1.000	-16.7	66,653	$3,589,626
FBM	Future Battery	0.032	-16.0	997,050	$25,166,485

TRADING HALTS

Patagonia Lithium (ASX:PL3) – pending  an announcement to the market in relation to a capital raising.

Toys R Us (ASX:Toy) – pending an announcement regarding a capital raise.

Originally published as Rise and Shine: Everything you need to know before the ASX opens