Lachlann Tierney here. Nice to meet you. And thank you for sitting in on my inside take on ASX microcap investing.
The overarching point I hope you got is this:
Regular micro investors think they’re betting their money on small equities. They’re wrong. What you’re actually doing is investing in people.
And…if you do the groundwork…and establish your own reputation: You can actually get on first-name terms with these people…
Try doing that with Anthony Miller, Westpac’s CEO!
In the micro space you can go to dinner with key players. Some CEOs put their personal number on ASX releases! If you're on the share register, good CEOs will prioritise talking to you.
These are people with big goals, taking big risks, trying to do something the rest of the market isn't.
They want their story out there.
But…and this is a big but…you need to have the instincts to smell if you’re being told the WHOLE story…
Whether you’re at a private investor briefing in the back rooms of the Sydney Opera House…or at a soiree on the sidelines of Mining Indaba, the world’s largest mining convention...this is where the real groundwork is done.
All that said, I think by now you probably want to know where all my groundwork is leading. So, let’s put the theory to bed. And start talking specific stocks…
I have four intriguing
set-ups I’m prepared to
share with you now…
Just know this before we go any further. Because it’s incredibly important. None of the stock analysis that follows has anything to do with insider trading. No material non-public information has changed hands here.
I’m deeply familiar with this space. I have knowledge and connections others don’t. This allows me to come to conclusions others don’t. Four of which you’re about to discover now.
But nothing at all that we disclose is confidential or unavailable to the public. Clear as crystal on that? Good!
Let’s get cracking!
I’ll make a bold claim to kick us off:
My first microcap ‘Duck Club’ scenario could be inches away from a major re-rate.
A microcap re-rate occurs when something finally happens that the management has been driving at for years — a breakthrough quarterly result, a successful drill-hit, a transformative business deal, or some other catalyst.
A breakthrough event that suddenly puts them on the institutional radar. And sends the stock price soaring.
What follows is one of the best re-rate set-ups I’ve seen in eight years. It’s unfolding in real time as you read this. And I’m very close to making a move…
POSSIBLE ASX MICRO
BREAKOUT #1
“Don’t tell China you saw this…”
Some of the best microcap re-rates I’ve witnessed are where the company operates at a ‘collision-point’. Not one single theme. Like lithium mining. Or cancer research in biotech. But a set of cresting trends colliding into each other at the right time.
If a nimble little player comes along that makes a play to OWN these collision points…and the big institutions start smelling money…that’s when the legendary gains can happen.
Which brings me to these guys…
I’m currently looking at a micro that sits at a collision-point between manufacturing, defence, robotics and global supply chain transformation.
I know, that’s quite a grab-bag of very different sectors. But stick with me. I’ve previously been invited on-site. And what I saw was beyond impressive. This $80m tech minnow is rapidly scaling into the US and Europe.
Micro Breakout Play #1 is working on an innovation that should go very, very well if it manages to dominate in the US.
To give you a bit of a personal glimpse…I was fortunate to attend a private factory visit. I’m not making this up: They pulled back a veil hanging over the propriety product they’ve made and literally said: “Don’t tell China you saw this!”
I’m not going to tell you what I saw — or who the company is — just yet. You’ll need to read on. This is a sub-20 cent stock and we must tread delicately here.
But what I WILL share is the Managing Director is cool as a cucumber.
He has the perfect approach for the types of sensitive contracts this company goes after.
Like I say, this company is trying to connect some complicated dots — from aerospace to robotics to welding science. This is a guy who can thread that needle.
This microcap is on the hunt for some GIANT overseas contracts. It has plenty of cash to fund this hunt. And to keep them going if they keep expanding.
One more thing I can tell you is that at the time of writing — those in the know see this company at an “inflection point”. One by one, a few of the smart analysts I rate are beginning to recognise this micros’ existence.
And some crucial results are pending in the coming months.
All of which means I’m highly likely to build a position in these guys in the next week or so. More on them in a second.
But this first set-up covers two of our key tenets to microcap investing. Who you know. And getting an information edge.
My second set-up covers the third:
Scarcity drives value
I focus on microcaps with ‘tight capital structures’.
All that means is there simply aren't enough shares on issue to go around if good news hits.
That means when there’s some kind of catalyst, there'll be a rush.
And that's when you can see these outrageous spikes of 300%-plus… sometimes in a single day. Because there's just not enough shares to go around for a hungry market.
Which brings us to:
POSSIBLE ASX MICRO
BREAKOUT #2
Massive re-rate possible
by end of July
Shares in this company are SCARCE!
Its last capital placement saw just 60 million shares issued for a market cap under $10 million.
Just so you can compare…
A mid-cap company could have a market capitalisation ranging from $2 billion to $10 billion — and often have hundreds of millions to several billion shares on issue.
THAT’S what I mean by tight capital structure.
Not only that…
A load of those super-scarce shares are locked up by insiders.
The long-term “sticky investors”, the board and management. For instance one much bigger company holds 18% of total shares.
The upshot is if YOU can get hold of some of the shares available for regular trading…and good news hits…you benefit from a massive rush to get hold of precious stock.
And some serious news
could be on the horizon
for set-up #2…
It’s a driller. And unlike many of its similar-sized competitors, its rig is already spinning. It’s completed its first drill hole.
And some absolutely CRUCIAL assay results are expected to be released before the end of July 2025.
This is precisely the type of catalyst you want if you manage to get some of these shares.
If these assays confirm a significant discovery, the rush will be on.
Geologically speaking, this micro is in prime ground. Just 10kms away from one of the country’s largest mines. The guy guiding the drilling has found not one, not two, but THREE mammoth deposits that are now mines.
Even if they don’t hit what they want — plenty of more shots on goal are coming.
This is a prime tight capital structure play. With heavy-hitters on the board and potential for a BIG re-rate if they get a thick intercept.
Final note on these guys…
The type of discovery they are going after produced a 700% re-rate on the ASX in one month. In the same country. Going after the same commodity.
Hand on heart, I think this micro has better ground…with better pre-drill geological indicators.
Want to know
who they are???
As you might have guessed by now, I’m about to take the helm of my own advisory for Fat Tail Investment Research.
It’s called Fat Tail Microcaps. We will be focussing solely on sub $200-mil market cap companies. This is something Fat Tail has never done before. We are in virgin territory.
I’m not interested in companies above $200m.
Because as soon as you get above that level, you're potentially going to enter an index. Which means there will be passive funds buying the stock. And analysts starting to cover it.
THAT IS WHERE WE LOSE OUR EDGE.
When you're a micro at a $5-$100 million market cap, you’re in a coverage black-space. Hardly anyone’s paying attention. A micro might even make a discovery or get hold of some intellectual property…and no one even notices!
But Fat Tail Microcaps will be noticing…
I will be your portal
into a world most
retail investors don’t
even know exists…
But like the very stocks we’ll be pursuing, Fat Tail Microcaps’ membership structure will be tightly controlled.
Only 500 places are being made available.
And only until midnight AEST Tuesday 1 July.
After that, this reverts to a closed-door advisory. And the best we can offer you is a place on the wait-list.
I’m sorry. In an ideal world it would be an open invitation. But that’s just the way it had to be. It was a stipulation I demanded on before signing up.
The reason is obvious.
When you deal in stocks this thinly-traded…you can’t get thousands of investors in. It’s just not practical or possible.
I’ll bring you back to scarcity.
I've seen particular micros rerate 1,000% in the space of a week because good news hits and there are so few shares to be traded.
We want to be able to move in an out as nimbly as possible.
Hence the strict limit which I insist we stick to.
By now you’ve probably decided if this is something you’d like to partner up with me on or not…
I’m not going to twist your arm.
This is investing at the riskiest end of the spectrum. Where you can lose almost all your money invested if a trade goes south.
But if you ARE in…
I must
hear from you NOW
My first intake into Fat Tail Microcaps ends at midnight AEST this coming Tuesday. Or…earlier than that if the 500 cap is reached.
After that…you’ll have an opportunity to go on a waitlist if a position opens up.
But if you take one of those places today, here’s my commitment to you:
I’ll be utilising every management connection I have…every broker relationship I’ve built…every invite I get to closed-door presentations…
…to get you into the exact type of thinly-traded shares we’ve been talking about today.
Now, as I’ve stressed to you since this project kicked off and will do so one more time:
Fat Tail Microcaps will NOT be dealing in or handling material non-public information.
Getting an invite-only seat at a new product demo, for instance, is not non-public information.
But it’s the kind of thing that happens frequently if you do the groundwork, or are a serious private investor or shareholder in these companies.
When you’ve been inside and operating in this ecosystem as intensely as I have…there are just certain opportunities and signals that set your Spidey Senses tingling.
You might discover that a very smart cookie is now in the orbit of a certain company.
Or that a mining guy who brought a company from micro to mid-cap is now doing consulting for a just-listed explorer.
These little insights and advantages matter.
You simply can’t get that informational edge from the reams of opinions, announcements and releases that swirl around a large or even mid-cap company.
A brilliant example
here is another set-up I’m investigating right now…
We talked earlier about the importance of trend collision-points.
These guys are operating at the intersection of Artificial Intelligence and Healthcare.
If you’ve followed this area, you’ll know that, so far, medical AI stocks have been a bull market of promises…but a bear market in terms of returns.
There are the big players, like Tempus AI and Boston Scientific — but this isn’t where I think you can get the most upside.
Could a single tiny Aussie micro be one of the first in the world to crack the AI-Healthcare Holy Grail? And get a massive institutional driven re-rate as a result?
Read on…
POSSIBLE ASX MICRO
BREAKOUT #3
The all-time greatest ASX med-
tech
story in the making…?
AI healthcare…for the most part…was not invited to the AI stock boom over the last few years. These stocks, big and small, have tended to lag the market.
Partly because investors preferred more direct plays.
Partly because their goals seemed too ambitious and far-fetched.
But trust me…AI healthcare is coming. And this Australian outfit could play a key role…
I know this space and these guys are the real deal. I've been to scientific conferences just to vet this company first-hand. The boffins behind them are some of the most respected experts on this particular topic in the world. The data set? The largest of its kind in the world.
The corporate side of things is rock solid too. It’s about to flick the switch on revenue — and I can tell you the guy running the sales side of things knows this target market like the back of his hand.
As such, there’s been a bit of a mini-war among brokers over who gets to represent these guys.
Capped at under $150 million…to my knowledge brokers circling this company had to promise big things to secure the “privilege” of doing the raise for this company.
That’s not how it usually works.
Most of the time microcaps have to fight and scrap to get the deal they want.
The husky-voiced Chairman of this micro is like a conductor at an orchestra when it comes to timings of operations… newsflow… corporate support…marketing…
He's taken this company from nothing to what I think could eventually be one of the all-time greatest ASX medtech success stories…
What do you reckon?
Does this sound like
the kind of ‘Club’ you’d
like to join?
If so, then this could be the beginning a of beautiful friendship!
Just know the page that the JOIN NOW link at the end of this invitation takes you to will be taken offline as soon as the 500 cap is hit.
So, if you’re interested, this is probably not an invite you can mull over for too long.
Also…and I don’t want to insult your intelligence…I’m sure you’re already well aware of this…but it needs to be repeated anyway…
This is only for investors who can accept very high risk.
These shares can gap down very quickly. Liquidity can cause issues with buying and selling. Wider market moves can have an impact.
And micros have had a tough few years. Lithium companies have been smashed. What you’ll see when you join is I don’t sugarcoat risks. We face them head on.
We do that because the potential upsides are so enormous.
They are simply not on offer in the above $200 million market cap space. A prime example is our fourth set-up today…
It’s a bit of a left-field play on my radar. Partly because if it pans out…the gains will come over the next year, rather than the next weeks or months…
POSSIBLE ASX MICRO
BREAKOUT #4
10X return from his last project…
It’s an oil and gas explorer. Market cap well under $30 million.
SUPER SMALL! SUPER SCARCE!
But they sit on a massive, shallow bit of ground in one of the last frontiers where BIG oil and gas discoveries are still being made.
The Managing Director I’ve been tracking for a while. And he’s a tried and tested operator, with decades of experience. On the board you’ve got some of the best and most recognisable faces of ASX oil and gas exploration. One of whom has delivered a 10x return at his other company.
Like many Aussie resources microcaps, these guys are plying their trade abroad. (I won’t mention the region just yet.) But local economic dynamics in this region mean any success here will be quickly translated into development and production.
Here’s the huge informational advantage…
From what I’ve gathered, I can see that an energy supermajor is moving to snap up all the ground around this microcap play.
The only way to access the ground in the event of a big discovery would be a major commercial transaction…at potentially multiples of the current share price of this stock.
A stock which currently trades at…wait for it…under four cents.
So…goes without saying this is an incredibly illiquid and speculative opportunity.
Like all plays I’m focussing on, this is a capital-constrained company on tight budgets dealing with a lot of uncertainty.
NO GUARANTEES OF SUCCESS HERE. But I’ll be monitoring developments closely over the next week or so.
So, let’s not beat around the bush any longer.
Interested in taking
one of the slots in
Fat Tail Microcaps?
If so, read on…
I’ll be totally upfront: it’s not an entry-level financial newsletter with an annual subscription of a few hundred bucks.
I’m not going to discount my expertise to that degree.
But…I will guarantee something for you.
The membership fee we’ve put on Fat Tail Microcaps is insane value.
I don’t think there’s anything in this space that is remotely comparable.
We’ll essentially be acting as an alternative to a conventional microcap broker. These are guys that bring these situations to the attention of serious investors. But they take a slice of every transaction. We are not brokers and won’t do that at Fat Tail Microcaps.
We ask for a reasonable, flat, consistent annual fee.
And nothing more.
That annual fee is for my guidance and recommendations.
If my guidance and recommendations don’t make you money?
You cancel your membership. And we part ways as friends.
That’s a weird arrangement in the microcap world. I don’t know of any people with comparable expertise who would willingly operate on such a results-based set-up.
Why is this membership fee structure so unique?
Well think about this for a start.
Brokers in the microcap space often charge a 6% slice on funds they raise for companies. Even if it’s a “tiny” ticket of around $1 million...that’s still $60k of cash generated. Sometimes in less than a week!
These guys cream it in just one-off situations. Just for knowing enough people with deep pockets. And whether it turns out good or bad for their clients…that money is in their account. Their incentive is just to seal the deal and move on.
That’s not how we’ll operate with this advisory.
I’ll be helping you manage each trade from buying to exit.
We’ll be curating a dynamic portfolio together. And I’ll be aiming to keep this portfolio to less than 21 micro-cap positions. Working diligently on identifying the right positions…we want to see as many as possible evolve into small-cap stocks at a multiple of their current market caps.
And with a bit of luck…a few mid-cap and ultimately large-cap positions.
If we get a 1,000% win, I’ll guide you through it and take the accolades. (But no commission).
If we get a loss, I’ll guide you through that, too, with strict stop loss protocols. I’ll own up to it. We’ll assess what went wrong and learn from it. And move on.
We won’t have the firepower and clout of the “small end” brokers.
But our advantage is independence. At Fat Tail Microcaps…you’ll have a uniquely independent edge.
As far as we know…
No one’s given lone
investors this kind of
entree into the lowest
reaches of ASX stocks.
Until now…
And I think you’ll find my annual membership fee SO low…it will seem like misprint!
The money men, boutique ‘gurus’ and corporate advisors are paid retainers at the LOW end of $7k a MONTH to get people into a SINGLE MICRO-CAP!!!!!
At the high end? Up to $15K.
A month!
Let me throw another cost element on top of that — conferences and events. I know that sounds banal, but these meet-ups matter in this space. Unless you’re at all of them, don’t bother. For example with mining…
Two of the biggest annual mining conferences for micro-specialists are PDAC in Toronto and Mining Indaba in Cape Town.
If you don’t know someone or work for a company at the conference — VIP tickets can go for $1,000. For just a few days of chin wags with the right people.
It’s all about informational edge. And face-time.
On the flipside, the microcaps themselves pay big money for access and edge, too. They can spend upwards of $100K for a SINGLE paid research report on their business from firms like Edison Group. Just to help get their name on the radar of a big fish.
Point I’m making here is:
People eagerly stump up
hundreds of grand
annually for a tiny
advantage in this space
I just want to make that clear.
Because the dues we’re asking for Fat Tail Microcaps membership are not chicken-feed.
But they are a tiny drop in the bucket compared to what some players happily fork out. Often just for a stock name and a screed of numbers and valuation models!
In taking the helm of this advisory, I wanted to strike a balance.
I want to bring people in who have been otherwise excluded from this ecosystem.
But I also want you to be serious about this, and aware of the risks. And the value of what you’ll be getting fed to you on a weekly basis. I’m going to be SMASHING my contact book…and doing a shed-load of due diligence…on your behalf.
With that in mind…we have priced official Fat Tail Microcaps membership at $4,999-a-year.
That’s flat.
No commissions on investments recommended. No performance fees. No other hidden cost elements. No me saying “oh, you owe me ten grand because of that mate” when a play gets rerated.
It’s a flat annual membership model.
But because I’m just starting here…we’ve settled on an arrangement that lets you test-drive the portfolio in its first 12 months…for a fraction of the full fee…
I’ve negotiated a special
launch deal for my first
membership intake.
$2,999
for your first year
That’s $2,000 less than the membership dues going forward.
A 40% discount on what is already an absurdly low-priced advisory.
REMEMBER THE CAP, though:
This intake is strictly limited to a maximum of 500 members.
We have well over 3,500 people who have joined the Duck Club Project Group in just the last week.
I suspect many of those 500 places have been claimed in the time you’ve been reading this invitation!
This launch deal is only valid until we reach that 500 limit.
Or until midnight AEST this Tuesday.
After that, the joining page will be taken offline.
$2,999 instead of $4,999.
Just for the next few
days.
Limited places
filling as you read this.
You in?
If you are, I’m going to forever change how you think about and approach speculative investing.
You can expect regular contact where I review our “dynamic portfolio”.
Post-mortems when a position goes wrong. And, ideally, plenty of victory lap content when we home in on a successful position or macro theme.
I’m not messing about here.
We’re going for gargantuan wins.
But this’ll be an education for you as well.
With that in mind, you’ll receive this if you take the $2,000 discount and claim one of the 500 positions right now…
The Microcap Manifesto
You’re more than welcome to just join me for the trades alone.
But my ultimate goal here is to provide you with the tools to become a successful microcap trader and investor in your own fright. So that after a year on this advisory, you feel confident enough to do it yourself.
Of course, I hope you come back, and we stay connected because you’ve realised staying on top of microcaps requires immense amounts of effort and concentration.
I’m going to do that work for you.
But in terms of the educational side, I think you’ll get a lot out of my Microcap Manifesto.
If you want a deeper understanding of microcap investing and how the advisory is going to work…you’ll love this resource.
For instance…
Every position in this advisory is categorised as either a trade or an investment, with a clear framework for what constitutes success or failure.
This clarity helps keep emotions in check and expectations realistic.
For trades, we are aiming for fast-moving catalysts and macro tailwinds to deliver short bursts of upside.
With investments, the goal is bigger sustained re-rates over time, so we take a longer view.
As you’ll see in the Manifesto, microcap investing isn’t one-size-fits-all. It’s about knowing where a position fits, and what kind of outcome we’re chasing.
Maybe even more valuable to you…
…I will share in full my ‘5C Trade Selection Method’.
A microcap trade is only recommended when it clears the bar across the ‘5Cs’:
- Cap = Capital structure
- Cash = Cash runway
- Catalyst = Event flow
- Cycle = Macro trend alignment
- Credibility = Board and management quality.
- It’s all explained in my Microcap Manifesto. Which will also cover:
- The principles of microcap due diligence
- Seeing through the BS (From experience, most microcaps don’t get things done when they say they will. These are often capital constrained companies on tight budgets dealing with a lot of uncertainty…)
- Assessing catalyst timeframes (there may be multiple catalysts and some bigger than others)
- Knowing the right questions to ask. (Do we know deal terms in the space? What are some of the resource sizes out there for a given mining commodity? What kind of re-rates have happened in similar recent situations?)
If you’re into ‘secret sauce’ stuff, you will absolutely love this resource. I would even be so bold as to say it’s worth the membership fee on its own!
But let’s not be shy about it.
You’re here for the
trades. So, let’s
start building a
portfolio together…
A final reminder of my one-time launch deal.
Official price of Fat Tail Microcaps is five thousand dollars.
Today we’re offering you the chance to lock in your first year for FORTY PERCENT LESS THAN THAT.
Just $2,999 if we hear from you now.
DOORS CLOSING SOON
We’ll be chasing multiple short-term, in-and-out trades.
But we’ll also be making investments that are longer-term holds (+12 months) based on future macro potential and value recognition over time.
These are deeper-level plays that can withstand more short-term volatility, because the upside can be multiples.
So you’ll be getting the full spectrum of microcap opportunities.
JUST REMEMBER:
When the 500 cap
is
reached, this becomes
a
CLOSED-DOOR advisory
So over to you.
Even if you don’t join me now, I hope you’ve found what we’ve covered enlightening and entertaining.
To take this launch offer while it’s still available, click this link:
Sincerely,
Lachlann Tierney,
Editor, Fat Tail Microcaps
All figures accurate as at 26/06/2025. Please download and read our