On Stockhead today, hold on to your hats, because the general feeling in Camp Whelan this week is that with the US market ripping along and volatility at a low, ‘we’re in for a blow off top before a pull back.’

Also it’s a big day for the RBA. Bigger perhaps than all the other 11 consecutive big decisions before it.

Reubs has the skinny on Canadian resources this week, and Bevis is there for HPA – the very essential ingredient in EV batteries you’ve never cared about. Until now.

But first, the day ahead.



The following stocks went into trading halts Monday and are expected out in the coming days:

Forbidden Foods (ASX:FFF) – Capital raise

Pacific Edge (ASX:PEB) – Taken directly from the firm’s notice: “The company has become aware that Novitas, the Medicare Administrative Contractor with jurisdiction for the company’s US laboratory, finalised the proposed Local Coverage Determination (LCD) (L39365) covering reimbursement of Cxbladder by Medicare.”

Arovella Therapeutics (ASX:ALA) – Capital raise

Midas Minerals (ASX:MM1) – Capital raise

Nuheara (ASX:NUH) – Capital raise

Global Oil and Gas (ASX:GLV) – Pending the outcome of an offshore petroleum application

Adavale Resources (ASX:ADD) – Pending an announcement in relation to nickel sulphide drilling at Kabanga Jirani Nickel Project

Sacgasco (ASX:SGC) – Pending an announcement regarding a material transaction in the Philippines

PharmAust (ASX:PAA) – Pending interim analysis results from Motor Neurone Disease Phase 1/2 clinical trial

HeraMED (ASX:HMD) – Pending clarity around June 1 announcement of “Strategic partnership signed – US employee rewards program”

Alvo Minerals (ASX:ALV) – Pending announcement regarding a material acquisition

M3 Mining (ASX:M3M) – Regarding exploration results



Gold: $US1972.23 (-0.19%)

Silver: $US23.650 (-0.72%)

Nickel (3mth): $US24,025/t (+2.02%)

Copper (3mth): $US9002.50/t (+0.27%)

Oil (WTI): $US72.01(-0.41%)

Oil (Brent): $US79.81 (+0.49%)

Iron 62pc Fe: $US106.50/t (+3.9%)

AUD/USD: 0.6650 (-0.0%)

Bitcoin: $US26,854 (+0.01%)



A good copper-nickel detective story by an intrusive unit.

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Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.



Here are the best performing ASX small cap stocks on Monday:

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The story of Monday in small cap land was very clearly Resources & Energy Group’s nickel-based moon-landing, as well as WA1’s eye-catching niobium win.

Resources and Energy Group (ASX:REZ): up +183% on news the firm’s opening drills at Springfield confirmed “large and shallow open pittable nickel sulphide” at East Menzies in WA.

WA1 Resources (ASX:WA1): +26% on  good news at West Arunti, including… “shallow, high-grade niobium mineralisation is now evident over a 1km extent,” reports the firm.

Reuben Ranger Adams has much more here.

Ausmon Resources (ASX:AOA): found +67% on no fresh news. Robert ‘The’ Badman reports AOA did register some promising soil-sampling results a few days ago in Broken Hill.

Solis Minerals (ASX:SLM): stacked on another +41% on nothing fresh… But, goodness me, here’s what we know, regarding SLM’s continued good form:

“SLM is now up some +270% since announcing the purchase of the Jaguar lithium project in Brazil last week. At Jaguar – located in Bahia state — the company says there are rock chips grading up to 4.95% Li2O along a 1km long, 50m wide spodumene-rich pegmatite body.”

Reuben ‘The Rock’ Adams also happens to be all over anything SLM does.



Here are the worst performing ASX small cap stocks:

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

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