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

Good morning everyone, and welcome to 14 June, 2024 – an important day in the history of the world for a variety of amazingly boring reasons.

On this day in 1325, early travel writing pioneer Ibn Battuta left his home in Tangiers for “a quick trip to Mecca”, which lasted 24 gruelling years.

On this day in 1565, Catharina de Medici and the Duke of Alva met to discuss Calvinism, a truly depressing doctrine that says that there’s a finite number of spots in heaven, those spots are predetermined by God, and there’s nothing anyone can do about it – which is probably how Catharina de Medici, then the Queen Mother of France, was cool about the murder of thousands of people in the St Bartholomew’s Massacre seven years later.

And on this day in 1634, Russia and Poland signed the Peace Treaty of Polianov. It didn’t end well.

Luckily for you, you won’t need to put thousands of people to the sword in order to get what you need before the market opens today.

Eddy Sunarto’s braved the wild, wild lands of the Hippies to bring you all the cannabis and MDMA news you can handle, 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$2,311.38 (-0.50%)

Silver: US$29.17 (-1.85%)

Nickel (3mth): US$17,809/t (+1.39%)

Copper (3mth): US$9,697/t (+1.36%)

Zinc: US$2,841/t (+4.87%)

Oil (WTI): US$78.29 (-0.03%)

Oil (Brent): US$82.36 (-0.19%)

Iron 62pc Fe: US$106.42/t (+0.14%)

AUD/USD: 0.6647 (-0.22%)

Bitcoin: US$67,490.30 (-1.12%)

WHAT GOT YOU TALKING

Here’s everything you wanted to know about the ACCC stepping into the middle of the big Chemist Warehouse merger with Sigma, but were too afraid to ask your pharmacist, in case someone else in the shop heard you.

Sigma Healthcare ( #ASX : $SIG ) dropped -6% this morning after competition watchdog, the #ACCC, raised concerns about its proposed merger with unlisted Chemist Warehouse. | #health #stocks https://t.co/MyqNFI5hO1
— Stockhead (@StockheadAU) June 13, 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
MRQ	Mrg Metals Limited	0.004	167%	212,412,572	$3,787,678
CE1	Calima Energy	0.008	122%	33,860,105	$2,279,724
LBT	LBT Innovations	0.020	54%	4,149,756	$17,432,426
RIL	Redivium Limited	0.003	50%	402,000	$5,461,710
RC1	Redcastle Resources	0.024	41%	1,027,808	$5,580,831
PNM	Pacific Nickel Mines	0.038	36%	2,531,568	$11,711,087
EDE	Eden Inv Ltd	0.002	33%	2,512,676	$5,517,407
KPO	Kalina Power Limited	0.004	33%	75,948	$7,459,182
NRZ	Neurizer Ltd	0.015	32%	20,069,783	$20,926,737
CDT	Castle Minerals	0.007	30%	7,422,848	$6,122,465
R8R	Regener8Resourcesnl	0.140	27%	21,250	$2,822,188
1AG	Alterra Limited	0.005	25%	260,825	$3,448,586
CRR	Critical Resources	0.010	25%	5,062,225	$14,242,802
ESR	Estrella Res Ltd	0.005	25%	5,757,652	$7,037,487
BNL	Blue Star Helium Ltd	0.011	22%	1,304,857	$17,480,388
NAG	Nagambie Resources	0.011	22%	468,181	$7,169,721
VN8	Vonex Limited.	0.023	21%	237,638	$6,874,744
AI1	Adisyn Ltd	0.024	20%	436,800	$3,702,640
HCT	Holista CollTech Ltd	0.006	20%	73,352	$1,394,000
ICE	Icetana Limited	0.024	20%	185	$5,292,569
COV	Cleo Diagnostics	0.355	18%	465,583	$22,230,000
CC9	Chariot Corporation	0.200	18%	478,416	$14,074,157
BUB	Bubs Aust Ltd	0.140	17%	7,048,152	$107,055,605
QHL	Quickstep Holdings	0.175	17%	396,677	$10,758,932

MRG Metals (ASX:MRQ) had a solid burst after it signed a binding joint venture agreement with Sinowin Lithium subsidiaries, including Sinowin Lithium Cobalt, to develop its Mozambique Corridor Sands projects and its other Mozambique Heavy Mineral Sands projects. Under the terms, MRG Metals is to be free carried, including all capital expenditure and operating expenditure, through to 440,000 tonnes of annual concentrate production.

Pacific Nickel Mines (ASX:PNM) made a strong charge up after the company announced a significant production milestone at Kolosori, with two nickel ore shipments now achieved monthly. It also has plans to ramp that up further soon in the dry season, to what it deems full production of 1.5mtpa, which would be the equivalent of three ore shipments monthly.

Bubs Australia (ASX:BUB) rose after releasing a trading update to crow about improved sales data from the US, where weekly scan revenue now exceeds US$1m per week with over 24,000 tins sold, up from the Q3 average weekly scan revenue US$750k, and the company’s current position as the #1 best-selling infant formula product on Amazon USA in May 2024.

Tesoro Gold (ASX:TSO) rose after returning grades up to 173g/t gold in first pass drilling at the Drone target, 700m from its 1.3Moz Ternera deposit in Chile. Drone Hill is one of four high–priority drill targets located within a 1.5 km radius of Ternera, and the new find is considered shallow and “very high grade”, comprising the following highlights:

1.8m at 77.15g/t Au from 59.2m, including: 0.8m at 173.00g/t Au from 59.2m
3m at 2.48g/t Au from 111.0m including 1.0m at 7.06g/t Au from 111.0m.

Castle Minerals (ASX:CDT) rose on Tuesday’s news where it announced that it was gearing up for a major gold hunt at itsKpali gold project in the West African Republic of Ghana. Eearlier this week, the company revealed plans for a 3500m drilling operation to test for extensions of mineralisation defined from a series of high-grade past intercepts.

Firebrick Pharma (ASX:FRE) jumped by almost 20% this morning after announcing the availability of its product, Nasodine Nasal Spray, for sale in Singapore.

In Singapore, Nasodine is classified as a topical antiseptic and does not require approval or licensing by Singapore’s Health Sciences Authority (HSA) before being sold.

Doctor Care Anywhere (ASX:DOC) also lifted after announcing an upgrade to its revenue growth guidance for the first half of 2024 compared to the same period last year.

The revised guidance now anticipates a growth range of 10-15%, up from the previously forecasted 5-10%. This adjustment reflects robust consultation volumes observed during the period.

And Pioneer Lithium (ASX: PLN) has begun summer field work at the Root Lake Lithium Project in Ontario, Canada. The company’s geological team is conducting targeted mechanical stripping and trenching to uncover rock outcrops at three promising locations on the property. This effort aims to gather vital geological data to plan their upcoming maiden drill program. Pioneer will focus on expanding known lithium-rich pegmatite fields near the property borders, including potential extensions of significant resources at Consolidated McCombe and Root Bay pegmatite fields.

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
AVG	Aust Vintage Ltd	0.190	-39%	4,971,385	$79,019,508
ADS	Adslot Ltd.	0.001	-33%	12,114,780	$4,836,743
NGS	NGS Ltd	0.002	-33%	1,630,000	$753,682
ECT	Env Clean Tech Ltd.	0.003	-25%	55,555	$12,687,242
MHC	Manhattan Corp Ltd	0.002	-25%	5,574,143	$5,873,960
ADD	Adavale Resource Ltd	0.004	-20%	1,299,591	$5,201,327
AUH	Austchina Holdings	0.002	-20%	30,000	$5,250,959
MCT	Metalicity Limited	0.002	-20%	9,432,000	$11,214,632
MEM	Memphasys Ltd	0.008	-20%	3,951,247	$13,827,482
MTL	Mantle Minerals Ltd	0.002	-20%	1,386,515	$15,493,615
OAU	Ora Gold Limited	0.004	-20%	1,875,442	$35,705,798
PNX	PNX Metals Limited	0.004	-20%	170,417	$29,851,074
ROG	Red Sky Energy.	0.004	-20%	140,000	$27,111,136
TX3	Trinex Minerals Ltd	0.002	-20%	1,473	$4,571,631
PFT	Pure Foods Tas Ltd	0.030	-19%	349,597	$4,517,415
SRR	Saramaresourcesltd	0.022	-19%	40,000	$2,381,080
AMM	Armada Metals	0.015	-17%	23,536	$3,744,000
AEV	Avenira Limited	0.005	-17%	306,001	$14,094,204
AHN	Athena Resources	0.003	-17%	2,333,333	$3,211,403
AYT	Austin Metals Ltd	0.005	-17%	79,201	$7,945,148
KLI	Killiresources	0.040	-17%	1,278,500	$4,810,740
KOR	Korab Resources	0.005	-17%	255,443	$2,202,300
LPD	Lepidico Ltd	0.003	-17%	1,233,720	$25,767,358
MEL	Metgasco Ltd	0.005	-17%	50,000	$7,493,320
PRX	Prodigy Gold NL	0.003	-17%	270,667	$6,353,323

TRADING HALTS

Calima Energy (ASX:CE1) – pending an announcement in reply to an ASX price query.

National Storage REIT (ASX:NSR) – pending an announcement in relation to a proposed joint venture to establish a fund that will pursue the development and operation of storage centres across Australia.

Vinyl Group (ASX:VNL) – to finalise and execute a pro rata accelerated non-renounceable entitlement offer.

Booktopia Group (ASX:BKG) – pending a material announcement in relation to further outcomes from the strategic review.

Anax Metals (ASX:ANX) – pending an announcement in respect of a capital raising.

BMG Resources (ASX:BMG) – pending an announcement regarding a capital raising.

Winsome Resources (ASX:WR1) – pending release of details of a flow through capital raising.

Prospech (ASX:PRS) – pending an announcement regarding a material capital raising.

Trigg Mining (ASX:TMG) – pending an announcement regarding a proposed acquisition.

Telix Pharmaceuticals (ASX:TLX) – pending an announcement in relation to the completion of the pricing and allocation processes for Telix’s proposed United States (US) initial public offering.

Featured Companies

ASX: VNL Vinyl Group
ASX: PLN Pioneer Lithium
ASX: NSR National Storage REIT
ASX: FRE Firebrick Pharma
ASX: WR1 Winsome Resources
ASX: PRS Prospech
ASX: DOC Doctor Care Anywhere Group PLC
ASX: BKG Booktopia Group
ASX: ANX Anax Metals
ASX: PNM Pacific Nickel Mines
ASX: TSO Tesoro Gold
ASX: MRQ MRG Metals
ASX: TLX Telix Pharmaceuticals
ASX: BMG BMG Resources
ASX: TMG Trigg Mining
ASX: CE1 Calima Energy
ASX: BUB Bubs Australia
ASX: CDT Castle Minerals

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