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

Good morning! Here’s everything you need to know, and some things you don’t, before the ASX flings open its doors and begins trading today.

Josh Chiat and Phoebe Shields

Everything you need to know before the ASX opens. Pic: Getty Images.

4 min read

5:30AMMay 05, 2025.

Updated 2:22PMMay 05, 2025

Stockhead

Good morning, and welcome to Rise and Shine on Monday, May 5, 2025.

The Australian Federal Election is done and dusted, with Anthony Albanese's Labor Party coming from nowhere around three months ago to hand Peter Dutton's Coalition a pumping.

Labor was on track to hold 85 seats at last count, with even the Greens fumbling the ball on the other side of the political ledger, leader Adam Bandt down in Melbourne in danger of copying Dutton's historic feat of losing his own seat.

It comes hot on the heels of the Anti-Trump Liberals winning a previously unthinkable fourth straight election in Canada as Mark Carney saw off Conservative Pierre Poilievre.

There were clearly other problems, a lack of reforming policy stultified candidates on both sides. The Labor mandate is stronger, but what that means for investors and business, absent the (probably temporary) disappearance into the background of the nuclear debate, is less than clear.

What of President Trump? He created some AI generated nonsense of himself as the Pope over the weekend. Never a dull day.

The S&P 500 and Nasdaq 100 rallied strongly on Friday at the very least.

On this day in 1973 as many as 134,476 punters packed into Churchill Downs, divorcing themselves of over US$7 million and their loved ones as the legendary horse Secretariat won the Kentucky Derby, the first of his three legged Triple Crown.

The ninth horse to achieve the feat, his glittering career lasted just 16 months before an existential crisis led to a life as a recluse.

He spent years locked away, writing a classic novel across seven volumes totalling over 4000 pages interrogating the theme of involuntary memory. Or ... maybe that was Marcel Proust. Actually I think Secretariat just went out to stud. What a life.

Anyway, on to the market info you all came here for.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$3,255.26/oz (+1.17%)

Silver: US$32.61/oz (+1.19%)

Iron Ore: US$95.50/t (+0.43%)

Nickel (3mth): US$15,252/t (-1.07%)

Copper (3mth): US$9,206/t (+0.88%)

Zinc: US$2,577.5/t (-0.57%)

Lithium carbonate: US$8700/t (0.00%)

Oil (WTI): US$62.96 (-0.17%)

Oil (Brent): US$64.25 (+0.00)

AUD/USD: 0.6424 (+0.59%)

Bitcoin: US$96,717.04 (+0.23%)

WHAT GOT YOU TALKING

MTM Critical Metals is aiming to help break Chinaâ€™s rare earths dominion with its own US-based processing solution https://t.co/hISvGeypZy @MTMCriticalMet #industrial #technology #miningnews #mining
â€” Stockhead (@StockheadAU) May 1, 2025

Also in the news...

Check out the biggest winners and losers on the ASX for April. The bourse was up 3.62% for the month overall, with 10 of 11 sectors making gains.

Between the cooling trade war and a big sell off in the Chinese gold market, the precious metal has been on the slip in recent days.

Saxo Bank’s head of commodity strategy Ole Hansen said the Chinese market closure takes a key buyer out of the market and could present more short term risks for gold prices.

ASX SMALL CAP LEADERS

Today’s best performing small cap stocks:

Security	Description	Last	%	Volume	MktCap
DTR	Dateline Resources	0.027	200%	2.27E+08	$24,890,118
CDR	Codrus Minerals Ltd	0.03	50%	2224511	$3,307,750
88E	88 Energy Ltd	0.0015	50%	3717973	$28,933,812
BML	Boab Metals Ltd	0.17	42%	4490506	$28,007,413
HPC	Thehydration	0.011	38%	2464103	$3,066,407
RNX	Renegade Exploration	0.004	33%	3275000	$3,865,090
TFL	Tasfoods Ltd	0.004	33%	125000	$1,311,287
CGR	Cgnresourceslimited	0.125	30%	195486	$8,714,706
EXL	Elixinol Wellness	0.019	27%	1051672	$3,312,302
AVE	Avecho Biotech Ltd	0.005	25%	2021986	$12,693,855
LNR	Lanthanein Resources	0.0025	25%	866296	$4,887,272
MSG	Mcs Services Limited	0.005	25%	1651521	$792,399
VRC	Volt Resources Ltd	0.005	25%	5744830	$18,739,112
LKY	Locksleyresources	0.022	22%	6708472	$2,640,000
ZNO	Zoono Group Ltd	0.033	22%	2030811	$9,596,713
JAL	Jameson Resources	0.03	20%	23416	$15,268,333
1AD	Adalta Limited	0.006	20%	1308333	$3,216,114
CHM	Chimeric Therapeutic	0.006	20%	3689628	$9,086,764
ERL	Empire Resources	0.006	20%	3273333	$7,419,566
MEM	Memphasys Ltd	0.006	20%	17099680	$9,917,991
TAR	Taruga Minerals	0.012	20%	1200491	$7,060,268
TON	Triton Min Ltd	0.006	20%	230000	$7,841,944
NC6	Nanollose Limited	0.043	19%	380179	$8,999,363
WGR	Westerngoldresources	0.074	19%	518329	$11,755,513
OMX	Orangeminerals	0.05	19%	1077786	$5,233,296

Making news…

Dateline Resources (ASX:DTR) is gearing up to list on the US OTCQB to give American investors better access to its shares. Dateline already trades on the OTC Pink market under the code DTREF, but this upgrade will boost visibility while keeping its main listing on the ASX.

Its Colosseum project in California has just got a presidential nod after Trump highlighted Colosseum in his official Truth Social weekly update, stating:

“The Colosseum Mine, America’s second rare earths mine, has been approved after years of stalled permitting.”

The US government says the mine will help secure critical minerals and reduce reliance on China.

Colosseum has got 1.1 million ounces of gold, and rare earths now firmly in the exploration mix. A full feasibility study is underway, and with rising US interest, Dateline’s shaping up as a serious player in America’s critical minerals push, the company said.

Codrus Minerals (ASX:CDR) has just locked in a drilling permit for its high-grade Bull Run gold project in Oregon, with plans to punch in up to 14,000 metres across 10 sites.

It’s a historical gold patch, the old Record Mine pumped out gold back in the 1930s, and past drilling has pulled up hits like 20.5 metres at 3.53g/t, including a juicy 6.9 metres at 9.31g/t. Gold has also been named a critical mineral in a Trump executive order, good timing as Codrus gears up to drill and unlock what it reckons could be a major find.

ASX SMALL CAP LAGGARDS

Today’s worse performing small cap stocks:

Code	Name	Price	% Change	Volume	Market Cap
BP8	Bph Global Ltd	0.002	-33%	2673633	$2,239,454
KEY	KEY Petroleum	0.041	-32%	71	$1,510,770
EMT	Emetals Limited	0.003	-25%	1000000	$3,400,000
SIS	Simble Solutions	0.003	-25%	500000	$3,505,321
WYX	Western Yilgarn NL	0.028	-20%	3515	$4,814,638
ADN	Andromeda Metals Ltd	0.02	-20%	92722672	$85,718,192
ALM	Alma Metals Ltd	0.004	-20%	192346	$7,931,727
AOK	Australian Oil.	0.002	-20%	44000	$2,504,457
C7A	Clara Resources	0.004	-20%	103630	$2,558,021
EVR	Ev Resources Ltd	0.004	-20%	599501	$9,929,183
FTC	Fintech Chain Ltd	0.004	-20%	14099	$3,253,848
RLL	Rapid Lithium Ltd	0.002	-20%	21090	$3,112,362
SPQ	Superior Resources	0.004	-20%	387694	$11,854,914
NOR	Norwood Systems Ltd.	0.021	-19%	899106	$12,729,908
QFE	Quickfee Limited	0.055	-18%	80618	$22,903,398
GTE	Great Western Exp.	0.014	-18%	848348	$9,651,885
REE	Rarex Limited	0.0225	-17%	6310468	$21,622,838
CCO	The Calmer Co Int	0.0025	-17%	5791964	$8,033,235
FIN	FIN Resources Ltd	0.005	-17%	1000000	$4,169,331
PKO	Peako Limited	0.0025	-17%	435305	$4,463,226
SPX	Spenda Limited	0.005	-17%	4788233	$27,691,293
WBE	Whitebark Energy	0.005	-17%	315900	$2,399,441
CKA	Cokal Ltd	0.0295	-16%	1870476	$37,763,214
DKM	Duketon Mining	0.135	-16%	249182	$19,585,853
KNI	Kunikolimited	0.135	-16%	145299	$13,907,883

Trading Halts

HyTerra Limited (ASX:HYT) - results from current drilling program
Gold Road Resources (ASX:GOR) - potential change of control transaction

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.