stockhead.com.au Open in urlscan Pro
141.193.213.20  Public Scan

Submitted URL: https://stockhead.cmail20.com/t/d-l-vurlkud-tjhhtdhdid-p/
Effective URL: https://stockhead.com.au/news/asx-small-caps-lunch-wrap-which-beauty-product-is-causing-a-spiderpocalypse-this-week/?utm_...
Submission: On January 02 via api from US — Scanned from DE

Form analysis 5 forms found in the DOM

GET /

<form role="search" method="get" class="search-form" action="/">
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  <button></button>
</form>

POST /news/asx-small-caps-lunch-wrap-which-beauty-product-is-causing-a-spiderpocalypse-this-week/

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POST /news/asx-small-caps-lunch-wrap-which-beauty-product-is-causing-a-spiderpocalypse-this-week/

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POST /news/asx-small-caps-lunch-wrap-which-beauty-product-is-causing-a-spiderpocalypse-this-week/

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News › Lithium

Hey, baby gurl... Back that booty up, baby, coz you be smellin' gooood. Pic via
Getty Images.


ASX SMALL CAPS LUNCH WRAP: WHICH BEAUTY PRODUCT IS CAUSING A SPIDERPOCALYPSE
THIS WEEK?

News

16 hours ago | Gregor Stronach



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Good morning, and welcome to 2024. I trust everyone’s consumed their own
bodyweight in Panadol and is now sufficiently rehydrated after whatever
booze-fuelled mayhem you indulged in over New Years, and you’re ready to get
down to some proper, serious ASX business.

Because, unlike last year’s pathetic first day effort, it looks like the ASX has
turned up match-ready on the first trading day of the year, with the benchmark
turning in an almost exactly-inverse performance compared to 2023, lifting 0.5%
before lunch and clinging on to it with all 10 of its dirty, pointy fingernails.

I’ll get into the specifics of that shortly, but first… let’s kick off the year
with something of a product warning, because there’s a particular brand of skin
cream that users are claiming works really, really well – provided you’re after
both “supple, younger looking skin” and swarms of horny wolf spiders invading
your personal space.

Customers of French beauty shopping company Sephora are reporting that Sol de
Janeiro Delícia Drench Body Butter is doing a lot more than what its marketing
literature promises, after a number of reports from people claiming to be users
of the product mentioned a sudden, massive increase in the number of wolf
spiders in their home.

A couple of theories have been posited, the best of them being that the
industrial chemists – sorry, “beauty therapy specialists” – that created this
concoction have inadvertantly combined a bunch of chemicals that mimic the smell
of an extremely amorous ladyspider.

The company has categorically denied that its product – which they’ve
inexplicably named in a manner that suggests that its users might like to be the
victim of a Jamaican cannibal – contains spider pheromones.

So, in an effort to avoid a lawsuit on my first day back at work for the year,
let me make it absolutely clear that I’m not actually claiming that the stories
are true, and that this particular product seems to be drawing randy male wolf
spiders out of their hidey holes in an errant, and probably futile, attempt to
mate with users of this product.

In fact, it could just be an example of the Baader-Meinhof Effect – where the
mention of something in the media leads people to start noticing something that
has always been there, but that they’ve just never noticed before.

(Please note that this is different to the similarly-named Bernie Madoff Effect,
where the mention of that dude’s name in the media leads people to start
noticing that all their money has been stolen.)

But even still, if there’s a chance that slathering yourself in un-natural goo
is likely to end up with your house, personal space and probably all available
orifices infested with eight-legged nasties, it might be worth reconsidering it
for personal use.

So… if you’ve got some, wrap it up nicely and give it to someone you hate
– we’re still well inside the “late Christmas gift” window, so you’re unlikely
to attract too much suspicion while you’re making a high-speed getaway to safer
ground, before your gift’s recipient is overrun by the oncoming spiderpocalypse.

 


TO MARKETS

Local markets are enjoying a solid start to 2024, with most of the individual
heavy lifting coming from the Materials sector, with a smattering of Healthcare
stocks in the mix for moral support and to take care of any injuries in the
stampede.

However, it’s the Energy sector that is polling the highest this morning, well
out in front of the rest of the market, helped along by a surging oil market
that has crude prices pointing 1.5% or 1.3% higher, depending on which flavour
of crude you prefer on your Weetbix in the morning.

 

Chart via Marketindex.com.au

 

But the biggest surge this morning has come in the price of uranium, up 5.4% so
far today, putting a fair bit of wind in the sails of ASX-listed yellowcake
hunters like Paladin Energy (ASX:PDN) (+2.88%) and Deep Yellow (ASX:DYL)
(+1.61%).

Coal prices are also continuing to climb, up more than 10% so far over the past
month, lending momentum to the likes of Yancoal Australia (ASX:YAL) (+3.23%) and
Whitehaven Coal (ASX:WHC) (+2.82%).

An interesting tidbit on the market this morning is an off-market takeover
proposal that’s landed on the desk of enviro-chocolate company Yowie Group
(ASX:YOW), which is up more than 16% this morning after the market was informed
that Keybridge Capital (ASX:KBC) delivered an offer of $0.034 per share on the
final trading day for 2023.

This morning, Yowie has asked shareholders to “take no action” until the board
has had time to digest the contents of the offer, which will probably take as
long to happen as it does to digest those horrendous chocolate Yowies naughty
kids get instead of Easter eggs each year.

Yowie’s previous close was at $0.03, but that’s risen beyond the $0.034 offer
this morning… so you could be forgiven for expecting that Yowie’s board will
view the offer from Keybridge as well-below market value, and request something
extra to sweeten the deal.

 


NOT THE ASX

The final trading day of 2023 was something of a disappointment on Wall Street,
especially for investors who were hoping for the fairytale ending that would
have seen the S&P 500 close the year on a record high.

Spoiler alert: it didn’t – instead, the S&P 500 retreated by 0.28%, the Nasdaq
dropped 0.56% while the Dow was pretty much flat, at -0.05%.

But, all up, it turned out that 2023 was a pretty good year for the US
indices. The S&P managed to rise 23.91%, the Dow managed a comparatively paltry
13.45% gain and the tech-heavy Nasdaq recovered from its 2022 annus horribilus
to deliver a stonking 43.26% rise.

Tech bubble? What tech bubble? etc etc…

That all pales in comparison to the performance from Bitcoin, though, which
delivered a relatively blistering 152% rally over the course of 2023 – and it’s
kicked off the year with another gain this morning.

At the time of writing, BTC is up 1.52% to US$44,910.50.

Crypto bubble? What crypto bubble? etc etc…

In Asia market news, Japanese markets are thankfully closed this morning for a
National Holiday, which has been marred somewhat by  a 7.6-magnitude earthquake
that triggered tsunamis around the island nation, leaving at least six people
dead.

In China, Shanghai markets are down 0.21% and Hong Kong’s Hang Seng is down
0.51% in early trade, amid claims from Chinese President Xi Jinping’s annual New
Year’s address that China’s “reunification” with Taiwan is inevitable, two weeks
out from elections for a new leader in the disputed island territory.

 


ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for 02 January [intraday]:

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




Processing...

CodeCompanyPrice%VolumeMarket Cap

Code
Company
Price
%
Volume
Market Cap
AMMArmada Metals0.03318%14,285$5,824,000AYTAustin Metals
Ltd0.00717%242,029$7,361,248BIOBiome Australia
Ltd0.2417%1,336,678$43,457,058BPPBabylon Pump &
Power0.00650%25,290,811$9,986,590CDRCodrus Minerals
Ltd0.06718%2,572,045$4,998,188CPMCooper Metals0.418%484,094$21,880,921CPOCulpeo
Minerals0.04426%4,740,247$4,079,683DAFDiscovery Alaska
Ltd0.02216%215,526$4,450,459DXBDimerix Ltd0.23515%4,632,971$87,346,959EDEEden
Inv Ltd0.002525%240,741$7,334,027EMVEmvision
Medical2.1225%387,192$132,137,305EYENova EYE Medical
Ltd0.2817%3,204,152$45,750,934GSRGreenstone
Resources0.00814%92,543$9,576,794IXUIxup
Limited0.03815%200,000$35,888,675MTLMantle Minerals
Ltd0.003517%2,355,668$18,592,338MTMMTM Critical
Metals0.09235%19,839,754$6,761,722NVQNoviqtech
Limited0.00433%2,500,659$3,928,336NWMNorwest
Minerals0.03322%443,126$7,764,377PAMPan Asia
Metals0.14516%650,736$20,877,679PECPerpetual
Resources0.01550%3,531,176$6,300,294RDSRedstone
Resources0.00620%714,285$4,606,892SGCSacgasco
Ltd0.01318%260,669$8,547,609SRZStellar
Resources0.00814%920,619$8,043,185VARVariscan Mines
Ltd0.01220%390,318$3,644,448YOWYowie Group0.03517%95,982$6,557,037

Wordpress Table Plugin



 

Something’s happening at MTM Critical Metals (ASX:MTM) this morning, and it
looks like the cat is at least partially out of the bag.

MTM’s price surged more than 35% on no news early in the day, before a trading
halt was requested at 11:23am “pending [the company] releasing an announcement”.

At the time of writing, that announcement hasn’t landed yet. We’ll have
something on it once it does.

In second place, Culpeo Minerals (ASX:CPO) is still enjoying its rapid rise in
fortune, ostensibly off the back of last December’s announcement of significant
widths of visible copper mineralisation intersected at very shallow depth at the
El Quillay Prospect, Fortuna Project in Chile.

Meanwhile, Pan Asia Metals (ASX:PAM) jumped around 20% this morning on news that
the company has signed on the dotted line to convert existing MOUs into binding
Option Agreements to purchase 100% of the ~1,200km2 Tama Atacama Lithium Brine
Project, one of the largest lithium brine projects in South America.

PAM says that Tama Atacama is a Tier 1 asset in a Tier 1 jurisdiction “in the
truest sense of the term ‘Tier 1’”, citing “extensive lithium surface anomalies
with elevated lithium results up to 2,200ppm Li and averaging 700ppm Li (270ppm
Li cutoff) extending over 160km north to south”.

 


ASX SMALL CAP LOSERS

Here are the most-worst performing ASX small cap stocks for 02 January
[intraday]:

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




Processing...

CodeCompanyPrice%VolumeMarket Cap

Code
Company
Price
%
Volume
Market Cap
88E88 Energy Ltd0.004-20%3,986,028$123,204,013A8GAustralasian
Metals0.15-12%41,718$8,860,484AVEAvecho Biotech
Ltd0.003-14%8,782$11,092,540DOUDouugh Limited0.004-11%32,427$4,869,310EQSEquity
Story Group0.03-19%30,000$1,576,747FCTFirstwave Cloud
Tech0.034-15%124,940$68,383,225GBZGBM Rsources
Ltd0.008-11%102,000$6,582,896GLVGlobal Oil &
Gas0.016-11%1,120,973$8,406,006HIQHitiq
Limited0.019-14%6,200$7,182,069HMIHiremii0.036-12%1,723,286$4,940,235IECIntra
Energy Corp0.003-14%35,000$5,812,736IPBIPB Petroleum
Ltd0.009-18%1,089,481$6,216,347LSRLodestar
Minerals0.003-25%1,357,044$8,093,589ME1Melodiol Global
Health0.0015-25%1,244,193$9,457,648NOVNovatti Group
Ltd0.066-20%595,000$28,108,493OAROAR Resources
Ltd0.0025-17%163,526$7,931,183ODEOdessa Minerals
Ltd0.008-11%623,611$8,524,006OECOrbital Corp
Limited0.091-13%115,763$15,309,707PXXPolarx
Limited0.006-14%20,493$11,477,317RILRedivium
Limited0.006-14%851,937$19,115,984SFGSeafarms Group
Ltd0.005-17%351,636$29,019,595SMSStar Minerals
Ltd0.035-13%95,500$3,036,912ST1Spirit
Technology0.069-14%1,622,107$58,955,043TSITop
Shelf0.19-14%23,636$45,644,689XGLXamble Group Limited0.054-11%20,000$18,030,674

Wordpress Table Plugin






EXPLORE MORE

 * Investor Guide: Battery Metals FY2023


Read MoreCopperLithiumTech


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FEATURED COMPANIES

 * ASX: MTM MTM Critical Metals
 * ASX: CPO Culpeo Minerals
 * ASX: PAM Pan Asia Metals
 * ASX: KBC Keybridge Capital
 * ASX: DYL Deep Yellow
 * ASX: PDN Paladin Energy
 * ASX: YAL Yancoal Australia
 * ASX: YOW Yowie Group
 * ASX: WHC Whitehaven Coal


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FEATURED COMPANIES

 * ASX: MTM MTM Critical Metals
 * ASX: CPO Culpeo Minerals
 * ASX: PAM Pan Asia Metals
 * ASX: KBC Keybridge Capital
 * ASX: DYL Deep Yellow
 * ASX: PDN Paladin Energy
 * ASX: YAL Yancoal Australia
 * ASX: YOW Yowie Group
 * ASX: WHC Whitehaven Coal


EDITOR'S PICKS

 * WHY THESE ASX FIRMS ARE SHYING AWAY FROM THE 'POT STOCK' LABEL - PART ONE

 * ASX FINTECH FINDI TO GRAB HUGE OPPORTUNITY AS 350 MILLION INDIANS SET TO
   ENTER BANKING SERVICES

 * BULK BUYS: ARE BOOMING IRON ORE PRICES REAL OR ARE THEY A BET ON A FUTURE
   WE'LL NEVER SEE?

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 * TRU DATT: ASX SMALL CAPS HAVE BEEN OVER-UNLOVED




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