Connect with us

Gold

ASX Small Cap Lunch Wrap: Who else is sitting on a fortune today?

ASX Small Caps Lunch Wrap – Rocketboots and Lion One buck the trend as the ASX drops in morning trade. … Read More
The post ASX Small Cap Lunch Wrap:…

Published

on

This article was originally published by Stockhead

From the far off, mystical land of America, comes this cautionary tale of woe and gross stupidity, after a fella was busted at the airport, perched upon a 10kg haul of cocaine.

Border Patrol officers, possibly while on a break from stuffing kids into cages, spotted a 22-year-old disabled man entering the US at Charlotte Douglas International Airport from the Dominican Republic.

Spotting an opportunity to turn someone’s Holiday of a Lifetime into a truly miserable experience, the man and his motorised wheelchair were taken to a back room for a quite chat. There, his description of his disability didn’t stand up to scrutiny.

US agents found 10kg of coke cunningly disguised as a wheelchair. Pic via US Homeland Security, and now I’m on a list. Awesome.

A search of the man’s belongings found the 10kg stash of coke, cunningly disguised as a wheelchair, which officials claim had a street value of US$378,000.

Converted to Aussie dollars (and pricing in local market forces, rising consumer demand and investor expectations), we’ve arrived at a face-numbing valuation of A$1.8 million – and we’re betting our chum in the wheelchair was glad he hadn’t tried to smuggle it in as a metric buttload.

Speaking from the deck of a flash new speedboat, a Border Patrol spokesman said officers were shocked to find the 8kg of cocaine, and said that disposal of the 6kg haul would commence as soon as they located a facility capable of destroying all 3kg in one go.

Because they stole it… that’s the joke… fine. Never mind.

I’ll get my coat.
 

To Markets

In an act of outright anti-imperial defiance, Australian shares have thrown off the shackles of the Wall Street overlords, slumping in an obstinate manner while the markets waited gloomily for an expected rate rise by the RBA.

Climbing highest this morning is Rocketboots (ASX:ROC), screaming out of the basement with a >100% hike following the announcement of the company’s hook-up with Nvidia. The company has a presention scheduled for 2.00pm today, so there’s likely to be more news this arvo.

Among the big kids today, Core Lithium (ASX:CXO) continued its bounce out of last week’s slump, climbing ~6.25% to $1.275, and pushing (reasonably) steadily towards its April high of $1.60.

But taking a bath and dragging things down were a host of Basic Minerals players, with a smattering from other sectors adding to the anchors.

Among those was Zip Co (ASX:ZIP), which dropped ~10% from yesterday as it continued its slow and tragic decline, down ~90% YTD.

Another noteworthy fall came from Inca Minerals (ASX:ICG), as it gave up a huge chunk of yesterday’s heroic gains spawned by a positive announcement about a first-hole strike of Iron Oxide Copper-Gold at its Mount Lamb NE prospect in the Northern Territory.

Yesterday, Inca had climbed from $0.07 to close at $0.13, but it’s dropped halfway back almost as fast to land around ~0.105 down at lunch.

Elsewhere on the planet, things were looking a bit better. US markets rose gently as the S&P and Nasdaq climbed ~0.35% apiece and the Dow snoozed through Monday to end flat.

Asian markets were similarly lackadaisical, Hong Kong and Shanghai aping the Dow while Japan inched forward +0.30%.

The global oil shortage continued to add upward pressure to prices, which climbed ~0.5% to nearly US$120 a barrel, gold prices ticked down a smidge, dipping ~0.2%, and the Aussie dollar is buying even less cocaine from the US, losing ~0.40%.
&nbps;

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for 7 June [intraday]:

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

 

Code Company Price % Market Cap
ROC Rocketboots 0.17 107% $2,603,500
LLO Lion One Metals Ltd 2.2 58% $14,830,569
ANL Amani Gold Ltd 0.0015 50% $23,293,441
CAV Carnavale Resources 0.011 38% $21,748,414
DTR Dateline Resources 0.1475 34% $48,736,644
AFW Applyflow Limited 0.002 33% $4,436,412
MBK Metal Bank Ltd 0.005 25% $10,431,273
CNR Cannon Resources 0.43 23% $26,918,609
CFO Cfoam Limited 0.006 20% $3,669,203
HSC HSC Technology Group 0.012 20% $20,227,393
ROG Red Sky Energy. 0.006 20% $26,511,136
BAS Bass Oil Ltd 0.042 17% $6,430,015
BAT Battery Minerals Ltd 0.007 17% $14,084,787
PCL Pancontinental Energ 0.007 17% $42,925,337
DM1 Desert Metals 0.255 16% $10,558,200
WIA WIA Gold Limited 0.074 16% $29,588,344
PG1 Pearl Global Ltd 0.015 15% $12,639,215
HTG Harvest Tech Grp Ltd 0.115 15% $58,892,654
PRN Perenti Global Ltd 0.795 14% $490,469,279
CAD Caeneus Minerals 0.008 14% $32,624,236
R3D R3D Resources Ltd 0.12 14% $10,456,174
IND Industrialminerals 0.445 14% $11,466,000
BNL Blue Star Helium Ltd 0.033 14% $45,998,932
PVE Po Valley Energy Ltd 0.05 14% $47,042,311
ADX ADX Energy Ltd 0.009 13% $24,478,074

Lion One Metals (ASX:LLO) has apparently hit the freakin’ jackpot, sending its shares careening off into the distance, after announcing a jaw-dropping find at its Tuvatu Alkaline gold project. The company says the find is the longest high-grade intercept yet recorded at Tuvatu: 20.86g/t Au over 75.9m, including 43.62 g/t Au over 30.0m which includes 90.35g/t Au over 7.2m.

Investors promptly went bananas, which sent Lion’s price jumping 58.0% to $2.20 at lunchtime.
 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for 7 June [intraday]:

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

 

Code Company Price % Market Cap
EVE EVE Health Group Ltd 0.001 -33% $6,464,713
WBE Whitebark Energy 0.002 -31% $16,400,127
ATV Activeportgroupltd 0.095 -21% $11,921,704
AVW Avira Resources Ltd 0.004 -20% $10,593,950
GNM Great Northern 0.004 -20% $8,545,255
ICG Inca Minerals Ltd 0.105 -19% $62,602,791
XST Xstate Resources 0.0025 -17% $9,645,545
S3N Sensore Ltd 0.5 -16% $12,435,183
CTO Citigold Corp Ltd 0.006 -14% $19,835,614
MRD Mount Ridley Mines 0.006 -14% $40,999,199
AYT Austin Metals Ltd 0.013 -13% $15,238,120
BBL Brisbane Broncos 0.85 -13% $96,079,818
AUK Aumake Limited 0.007 -13% $6,171,575
DDT DataDot Technology 0.007 -13% $9,950,956
RMX Red Mount Min Ltd 0.007 -13% $13,138,911
CUS Coppersearchlimited 0.21 -13% $12,670,775
KRR King River Resources 0.021 -13% $37,284,599
FXG Felix Gold Limited 0.11 -12% $10,333,300
RLF Rlfagtechltd 0.15 -12% $13,991,553
ESR Estrella Res Ltd 0.023 -12% $31,217,720
TRT Todd River Res Ltd 0.039 -11% $25,165,108
HAL Halo Technologies 0.355 -11% $51,802,252
ZIP ZIP Co Ltd.. 0.68 -11% $526,271,087
CTV Colortv Limited 0.008 -11% $1,391,608
POW Protean Energy Ltd 0.008 -11% $5,855,517

 

The post ASX Small Cap Lunch Wrap: Who else is sitting on a fortune today? appeared first on Stockhead.




Precious Metals

Is Robinhood Gold Worth It?

The post Is Robinhood Gold Worth It? appeared first on Millennial Money.
Robinhood offers a free version along with a premium Gold membership plan. Keep…

Continue Reading
Companies

Cypress Development on track to becoming a domestic producer of lithium

Nevada is known the gambling and entertainment capital of the United States but is commonly…

Continue Reading
Companies

G2 raising $14.4 million for Guyana gold project

VANCOUVER – G2 Goldfields Inc. [GTWO-TSXV, GUYGF-OTCQX] said Wednesday it has upsized a fully subscribed private placement financing to $14.4 million,…

Continue Reading

Trending