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

Good morning, and Happy Tuesday! Here’s everything you need (and some stuff you don’t need) to know before the ASX opens today.

That's a near miss if ever I saw one. Pic via Getty Images.

Good morning everyone, and welcome to 18 June, 2024 – an important day in the history of the moon… and for our world, as well.

On this day in 1156, five monks in Canterbury reported something exploding on the moon, which is apparently the only time in world history that something like this has been reported.

At the time, the monks were – justifiably – terrified, and ran inside to tell another monk called Gervase, whose job it was to write down all the important things that happened.

“The body of the Moon which was below writhed, as it were in anxiety, and to put it in the words of those who reported it to me and saw it with their own eyes, the Moon throbbed like a wounded snake,” Gervase wrote. “Afterwards it resumed its proper state.”

Most astrologers now believe that what the monks saw was a really big asteroid hitting the moon – which is actually completely terrifying, in the sense that an asteroid large enough to make an explosion on the moon would have finished the job of the one that wiped out the dinosaurs, if the moon hadn’t gotten in the way.

Luckily for you, you won’t need to explode on the moon to get what you need before the market opens today.

Cam Drummond has penned a solid look at the future of Equinox Resources' flagship Mata da Corda REE project, 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$2,320.55 (-0.54%)

Silver: US$29.15 (-1.39%)

Nickel (3mth): US$17,250/t (-1.63%)

Copper (3mth): US$9,649/t (-0.85%)

Zinc: US$2,731/t (-2.23%)

Oil (WTI): US$78.15 (-0.42%)

Oil (Brent): US$82.32 (-0.42%)

Iron 62pc Fe: US$107.33/t (+0.20%)

AUD/USD: 0.6600 (-0.16%)

Bitcoin: US$66,268.60 (-0.54%)

WHAT GOT YOU TALKING

Every week, Christian Edwards puts together a solid guide to what’s about to happen to Australia’s business and economic landscape – if you missed it yesterday, read it here… there’s a few things of note on the horizon.

The headline act is when the Reserve Bank Board meets on Tuesday June 18. | #RBA #InterestRates #property #housing #ASX https://t.co/6GToasuAV9

— Stockhead (@StockheadAU) June 17, 2024

YESTERDAY’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	Name	Price	% Change	Volume	Market Cap
SCL	Schrole Group Ltd	0.445	178%	3,193,936	$5,752,808
LSR	Lodestar Minerals	0.002	100%	200,000	$2,023,397
FAU	First Au Ltd	0.003	50%	156,197	$3,323,987
JAV	Javelin Minerals Ltd	0.002	50%	51,000	$2,501,231
YPB	YPB Group Ltd	0.003	50%	1,000,629	$1,615,923
DUN	Dundasminerals	0.030	36%	855,018	$1,861,817
ME1	Melodiol Glb Health	0.028	33%	836,073	$765,445
HPC	Thehydration	0.013	30%	248,928	$3,049,131
SHP	South Harz Potash	0.013	30%	11,830,648	$8,271,850
ERM	Emmerson Resources	0.055	28%	2,180,780	$23,422,521
ILA	Island Pharma	0.080	27%	437,749	$7,337,545
RR1	Reach Resources Ltd	0.019	27%	13,866,096	$13,116,470
KOR	Korab Resources	0.005	25%	1,618,269	$1,468,200
TMR	Tempus Resources Ltd	0.005	25%	1,000,000	$4,123,995
HMD	Heramed Limited	0.021	24%	1,212,066	$6,685,247
1AG	Alterra Limited	0.006	20%	50,103	$4,310,732
BEL	Bentley Capital Ltd	0.024	20%	21,301	$1,522,558
DGR	DGR Global Ltd	0.012	20%	1,026,609	$10,436,935
HCT	Holista CollTech Ltd	0.006	20%	62,796	$1,394,000
MCL	Mighty Craft Ltd	0.006	20%	584,228	$1,844,546
RIL	Redivium Limited	0.003	20%	921,819	$6,827,137
AKM	Aspire Mining Ltd	0.310	19%	618,854	$131,985,616
AXI	Axiom Properties	0.066	18%	33,169	$24,231,965
PGY	Pilot Energy Ltd	0.021	17%	21,262,725	$21,405,150
ECT	Env Clean Tech Ltd.	0.004	17%	202,053	$9,515,431

Schrole Group (ASX:SCL) saw significant gains following its announcement of entering into a Scheme Implementation Deed with TES Aus Global, a subsidiary of TES Global. The agreement entails TES Aus Global acquiring 100% of Schrole’s issued capital through a court-approved scheme of arrangement. Investors stand to receive a cash consideration of 48.52 cents per Schrole share. That’s a whopping 203% premium on the closing price of Schrole shares on 14 June 2024 of $0.16, and puts a valuation on the company of $18.15 million.

HeraMED (ASX:HMD) also had a good morning on Monday, boosted nicely by news that its HeraCARE platform has gone live and is currently onboarding mums as part of the implementation of its agreement with Broward Health in Florida, USA.

Pilot Energy (ASX:PGY) rose on news that it has taken commitments of $4.0 million (before costs) in a placement to sophisticated, institutional and professional investors, which will see the company issue 181.8 million fully paid ordinary shares at an issue price of $0.022 a pop.

Emmerson Resources (ASX:ERM) burst on fresh news regarding its Nobles CIL gold processing facility.

The facility has now begun construction near Tennant Creek in the Northern Territory by Emmerson’s Joint Venture partner Tennant Consolidated Mining Group, with the 840,000tpa gold processing facility’s components relocated from Cloncurry in Queensland. They’re now being put together at the Nobles project area.

PPK Group (ASX:PPK)  surged following a favourable court ruling from the Supreme Court of New South Wales in the Flynn & Anor v PPK Group Limited & Anor case. The judgment mandates PPK to issue 1,136,011 shares to Flynfam Pty Ltd ATF Flynn Family Trust. This issuance is based on a calculation of $500,000 divided by the volume-weighted average price (VWAP) of PPK shares over the 30 trading days leading up to the judgment date on 14 June. This outcome aligns with PPK’s expectations.

And NT-focused lithium explorer, Lithium Plus Minerals (ASX:LPM), may not be having the greatest year share-price-wise, but  the company jumped after announcing that  it’s lodged a Mining Lease Application for the future development of its wholly owned Lei Lithium deposit, which is considered one of Australia’s highest-grade lithium discoveries. Lei, within the company’s Bynoe project, is located roughly 71 kilometres south of Darwin by road and currently has a Mineral Resource Estimate of 4.09 million tonnes at 1.43% Li2O.

YESTERDAY’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	Name	Price	% Change	Volume	Market Cap
AAU	Antilles Gold Ltd	0.004	-33%	23,057,288	$5,979,210
NSM	Northstaw	0.020	-26%	88,969	$3,776,646
KPO	Kalina Power Limited	0.003	-25%	53,903	$9,945,576
MRQ	Mrg Metals Limited	0.003	-25%	49,255,769	$10,100,475
MTB	Mount Burgess Mining	0.002	-25%	100,000	$2,596,294
RLC	Reedy Lagoon Corp.	0.003	-25%	99,400	$2,478,163
TD1	Tali Digital Limited	0.002	-25%	4,614,814	$6,590,311
TIG	Tigers Realm Coal	0.003	-25%	200,000	$52,266,809
ANX	Anax Metals Ltd	0.027	-25%	7,363,126	$21,287,416
ASV	Assetvisonco	0.016	-24%	308,219	$15,242,568
AGC	AGC Ltd	0.305	-23%	7,318,729	$93,887,934
SP8	Streamplay Studio	0.007	-22%	972,225	$10,355,614
SER	Strategic Energy	0.015	-21%	21,191,369	$11,361,942
GRV	Greenvale Energy Ltd	0.042	-21%	2,939,012	$24,312,631
TOR	Torque Met	0.160	-20%	1,221,092	$36,645,760
1TT	Thrive Tribe Tech	0.004	-20%	1,856,286	$1,883,108
ROG	Red Sky Energy.	0.004	-20%	122,180	$27,111,136
TAS	Tasman Resources Ltd	0.004	-20%	250,000	$3,563,346
SPX	Spenda Limited	0.007	-19%	13,429,210	$34,595,662
SOM	SomnoMed Limited	0.220	-17%	105,263	$57,268,687
IRX	Inhalerx Limited	0.025	-17%	15,000	$5,693,009
ABE	Ausbondexchange	0.020	-17%	228,205	$2,704,035
ION	Iondrive Limited	0.010	-17%	1,674,478	$7,258,279
LPD	Lepidico Ltd	0.003	-17%	616,827	$25,767,358

TRADING HALTS

Macarthur Minerals (ASX:MIO) – pending the release of the announcement regarding the rights to mine Hematite.

GTI Energy (ASX:GTR) – pending an announcement in relation to a material capital raising.

Castle Minerals (ASX:CDT) – pending the release of an announcement in relation to a capital raising.

Rent.com.au (ASX:RNT) – pending the release of an announcement to the market regarding a capital raising.

Beonic (ASX:BEO) – pending an announcement by the Company in connection with an equity raising.

Winchester Energy (ASX:WEL) – pending the release of an announcement in relation to a capital raise.

Adslot (ASX:ADS) – to finalise and execute a pro rata accelerated non-renounceable entitlement offer.

Astute Metals (ASX:ASE) – pending an announcement regarding exploration results received in respect to its Red Mountain Project lithium projects in Nevada, USA.

G50 Corp (ASX:G50) – pending the release of an announcement by the Company relating to a proposed capital raising.

Infratil (ASX:IFT) – pending an announcement regarding the outcome of a placement.

Enlitic (ASX:ENL) – pending a material announcement in relation to new partnerships.

Besra Gold (ASX:BEZ) –  pending an announcement concerning funding from Quantum Metal Recovery Inc.

Sarama Resources (ASX:SRR) – pending the release of an announcement in relation to an equity raising.

This content first appeared on stockhead.com.au

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