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ASX Small Cap Lunch Wrap: Who else is feeling pretty cocky today?

Haters gonna hate, and activists gonna get up to some solidly bizarre antics in their efforts to really stick it … Read More
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Haters gonna hate, and activists gonna get up to some solidly bizarre antics in their efforts to really stick it to the man, man.

And so it was in Albany, New York, where a group of activists expressed their active dissatisfaction with orderly and lawful court proceedings.

Things kicked off when a defendant decided to whip out their phone and start filming proceedings, and the judge was all like ‘Dude… no…’ and several people lost their cool and then things got all weird and activist-esque.

High-level dramatic panic of the “Oh God, they’re in my hair!!!” variety ensued when someone let hundreds of cockroaches loose inside the courtroom.

The building – like so very many stomachs – was immediately evacuated and police were called.

My name is Inigo Cucaracha. You killed my father. Prepare to die… Pic via Getty

The cockroaches and all the alleged activists – save for 34-year-old Clyanna Lightbourn, who’s on the hook for at least five charges, including felony tampering with physical evidence – managed to  make an unclean getaway.

And because New York state justice is a swift and decisive beast, the cockroaches have been convicted in absentia and now face the death penalty after fumigators were called in.

Word on the street is that pro-cockroach activists are planning a protest in response, calling on the global community to join in by scattering under the nearest couch or fridge every time someone turns on a light on 15 June.

Meanwhile, the Albany courthouse remains closed because cockroaches are super-gross.

 

TO MARKETS

The ASX 200 has had a positive start to the day, following Wall Street’s lead and recovering from yesterday’s dive after RBA Governor Philip Lowe committed what many heavily mortgaged homeowners no doubt consider a rate crime.

The index was up 0.66% by the time we were cracking open our lunch pails, the energy sector leading gains, up some 3.3%.

The big guys making the news include Atlas Arteria (ASX:ALS) which rose 16.3% as IFM Investors confirmed its takeover intentions snapping up nearly 15 % of the toll road operator as well as Sayona Mining (ASX:SYA), which drooped by 9.0% between brekky and lunch.

Sending investors completely berserk was Rimfire Pacific Mining (ASX:RIM), after the company announced that it is about to make serious bank after some  exciting aircore drilling results:

  • 34m @ 0.29% Ni, 0.15% Co, and 101ppm Sc from 6 metres including 16m @ 0.27% Ni, 0.22% Co, and 120ppm Sc from 8 metres
  • 28m @ 0.53% Ni, 0.06% Co, and 41ppm Sc from 5 metres, including 5m @ 0.57% Ni, 0.09% Co, and 56 Sc from 16 metres
  • 9m @ 0.16% Ni, 0.14% Co, and 111ppm Sc from 18 metres

If that wasn’t enough, there’s also multiple shallow platinum (PGE) drill intercepts in historical drill holes with no follow up drilling, returning:

  • 44m @ 0.34g/t Pt + Pd from 8 metres including 8m @ 0.87g/t Pt + Pd from 10 metres and 2m @ 1.34g/t Pt + Pd from 12 metres
  • 6m @ 0.72g/t Pt + Pd from 26 metres and 20m @ 0.80g/t Pt + Pd from 52 metres (Hole ended in mineralisation)
  • 4m @ 0.61g/t Pt + Pd from 52 metres (Hole ended in mineralisation)

Rimfire’s share price was up more than 111% by lunch.

Not faring quite as well was Melbournian healthcare outfit Lumos Diagnostics (ASX:LDX), after the market rewarded its successful $11.2 million completion of the institutional component of a recent entitlement offer by sending share down to the tune of 43%.

Overseas, Wall Street turned things around after a few days in the doldrums, The S&P lifting 0.95%, the Nasdaq close behind rising 0.8% and the Dow playing Tail-End Charlie with a gain of 0.8%.

Asian markets continued to move forward this morning, Hong Kong adding 1.24%, Japan advancing 0.95% and Shanghai wobbling its way to a 0.23% gain.

Oil and gold went their separate ways, with crude prices up a teensy 0.07% and precious, precious gold dipping 0.06%.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for June 8 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Market Cap
RIM Rimfire Pacific 0.018 100% $16,256,203
EVE EVE Health Group Ltd 0.0015 50% $4,309,809
AJQ Armour Energy Ltd 0.008 33% $12,236,708
AW1 Americanwestmetals 0.205 32% $11,900,125
CZR CZR Resources Ltd 0.022 29% $59,267,496
SI6 SI6 Metals Limited 0.009 29% $9,997,008
PRM Prominence Energy 0.0025 25% $4,849,218
OLY Olympio Metals Ltd 0.16 23% $4,949,298
SPD Southernpalladium 0.615 23% $21,539,164
DBO Diabloresources 0.063 21% $3,770,000
IMB Intelligent Monitor 0.145 21% $11,996,079
92E 92Energy 0.64 21% $37,484,170
GTR Gti Energy Ltd 0.018 20% $20,546,076
PEN Peninsula Energy Ltd 0.21 20% $174,526,833
XST Xstate Resources 0.003 20% $8,037,954
R3D R3D Resources Ltd 0.155 19% $12,945,739
CXZ Connexion Telematics 0.0105 17% $7,929,286
TTT Titomic Limited 0.21 17% $36,455,417
ARE Argonaut Resources 0.0035 17% $10,818,614
PGY Pilot Energy Ltd 0.022 16% $9,583,416
VMY Vimy Resources Ltd 0.22 16% $220,123,231
ALX Atlas Arteria 8.215 16% $6,809,029,405
AKO Akora Resources 0.225 15% $12,303,904
PG1 Pearl Global Ltd 0.015 15% $12,639,215
BTN Butn Limited 0.1725 15% $11,527,296

Rimfire has already had its well-earned shout-out, but other big gainers this morning were Eve Health Group (ASX:EVE), which says that the invitations are in the mail for its pro-rata non-renounceable rights offer. Eve climbed 50% this morning to $0.0015 a share.

Also bulking up for football were Armour Energy (ASX:AJQ) and the auto-correct busting American West Metals (ASX:AW1), piling on 33% and 32% respectively.

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for June 8 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Market Cap
MOZ Mosaic Brands Ltd 0.25 -44% $48,403,319
LDX Lumos Diagnostics 0.15 -37% $36,018,208
SMS Starmineralslimited 0.135 -36% $5,512,500
ANL Amani Gold Ltd 0.001 -33% $34,940,162
SIH Sihayo Gold Limited 0.002 -33% $18,306,384
CCE Carnegie Cln Energy 0.0015 -25% $30,205,147
ECG Ecargo Hldg 0.01 -23% $7,998,250
BXN Bioxyne Ltd 0.014 -22% $11,522,617
SRZ Stellar Resources 0.019 -21% $20,143,263
IAM Income Asset 0.175 -20% $60,768,581
GGX Gas2Grid Limited 0.002 -20% $10,145,255
W2V Way2Vatltd 0.049 -17% $8,151,401
MGG Mogul Games Grp Ltd 0.003 -14% $11,415,810
MRD Mount Ridley Mines 0.006 -14% $40,999,199
MTH Mithril Resources 0.006 -14% $20,441,631
TTB Total Brain Ltd 0.075 -14% $11,633,738
REC Rechargemetals 0.2 -13% $7,493,975
FAU First Au Ltd 0.014 -13% $13,102,575
CWX Carawine Resources 0.14 -13% $22,053,496
SZL Sezzle Inc. 0.405 -12% $92,314,404
DOR Doriemus PLC 0.075 -12% $10,230,269
HMY Harmoney Corp Ltd 0.895 -11% $102,029,154
FFI F.F.I. Holdings 5.49 -11% $66,499,068
MRI Myrewardsinternation 0.056 -11% $8,326,847
AUZ Australian Mines Ltd 0.094 -10% $48,565,819

The post ASX Small Cap Lunch Wrap: Who else is feeling pretty cocky today? appeared first on Stockhead.



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