On Stockhead today, is this the next battery metals IPO moonshot, what makes Pro Medicus such a standout, and all the data coming your way this week.

But first, the day ahead.

A quiet start to the week for local data, thank goodness.

Overseas, the Federal Reserve Bank of New York releases US consumer inflation expectations, which stand at a record high 6.6%.

In China, international trade data for April is announced.

“Exports could lift just 1.8% on a year ago with imports down 3.2% over the year in April, due to renewed supply chain and transport snarls,” CommSec says.


The following companies are in trading halts and are expected out in the coming days:

Incannex Healthcare (ASX:IHL) – trading halt, pending results of its extensive preclinical study assessing IHL-216A in a sports concussion model

Spirit Technology Solutions (ASX: ST1) – trading halt, pending an announcement in relation to the Fixed Wireless Infrastructure Divestment

Minbos Resources (ASX:MNB) – trading halt, pending the release of a material announcement regarding the company’s Green Ammonia Project

Tombola Gold (ASX:TBA) – trading halt, regarding a proposed capital raising


MARKETS (updated at 8am AEDT)

Gold: $US1,882.93 (+0.32%)

Silver: $US22.338 (-0.73%)

Nickel (3mth): $US30,020/t (-1.08%)

Copper (3mth): $US9,424.00/t (+0.59%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, May 4): $US72,650/t (0.0% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 4): $US73,275/t (0.0% weekly)

Oil (WTI): $US109.770 (+1.39%)

Oil (Brent): $US113.05 (+1.94%)

Iron 62pc Fe: $US142.00 (+0.00%)

AUD/USD: $US0.7081 (-0.4539%)

Bitcoin: $US34,665 (-2.24%)



Unlike its peers, mammoth miner BHP (ASX:BHP) says it will not dip its toe into lithium because the rush will be short-lived. Stupid or smart?


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Also, be sure to check in at 10.20am each day 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 for May 2–6:

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Seafood wrangler East 33 (ASX:E33)   is “significantly ahead of expectation” following a strong April performance.

Former struggler Pacific Bauxite (ASX:PBX)  recommenced trading on the ASX following a recapitalisation. It has $4m in cash to explore its PGE projects in WA.

Hydrocarbon Dynamics (ASX:HCD) reveals that a recently announced order to chemically treat 30 wells, plus a follow up order, came from oil and gas giant Santos.



Here are the worst performing ASX small cap stocks for May 2 – 6:

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