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

On Stockhead today, now there’s only a bloody sunflower oil shortage, and how to Build Your Own Rare Earths Portfolio.

But first, the day ahead.

Today, Commonwealth Bank’s Household Spending Intentions index for May is issued alongside the Australian Bureau of Statistics (ABS) Household Spending Indicator (April) and Total Value of Dwellings report for the March quarter.

Also on Tuesday, NAB issues its May business survey featuring updates on confidence and conditions.

“Business conditions hit a 10-month high in April, but confidence dipped ahead of the federal election,” CommSec says.

“Business also reported record labour and purchase costs in April with price pressures in focus.”

WHO’S SCHEDULED TO LIST ON THE ASX?

KINGSLAND MINERALS (ASX:KNG)

Listing: 11am AEST

Raised: $4.7m at 20c per share

The explorer has four projects across the NT — ‘Allamber’ (uranium and copper), ‘Shoobridge’ (uranium and gold), ‘Woolgni’ (gold) and ‘Mt Davis’ (copper and gold).

KNG also has the ‘Lake Johnston’ nickel and cobalt project in WA, 36km from the Emily Ann and Maggie Hays nickel deposits and Lake Johnston concentrator owned by Poseidon Nickel (ASX:POS).

TRADING HALTS

The following companies are in trading halts and are expected resume trading in the coming days.

Orion Minerals Ltd (ASX:ORN) – capital raising

Medallion Metals (ASX:MM8) – mineral resource update for the Ravensthorpe gold project

92 Energy (ASX:92E) – capital raising

Tesoro Resources (ASX:TSO) – capital raising

MARKETS

Gold: $US1,864.00 (-6.8%)

Silver: $US21.625 (-0.24%)

Nickel (3mth): $US29,481/t (+3.26%)

Copper (3mth): $US9,699/t (+2.33%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 8): $US69,750/t (0.4% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 8): $US70,875/t (0.0% weekly)

Oil (WTI): $118.7 (-1.99%)

Oil (Brent): $US120.01 (-1.97%)

Iron 62pc Fe: $US141.50 (-3.50%)

AUD/USD: $US0.70278 (-0.2%)

Bitcoin: $US25,367.26 (-13.08%)

WHAT GOT YOU TALKING OVER THE WEKEND?

Is Celsius about to become the next Luna?

Crypto bank Celsius Network has paused withdrawals, swaps, and transfers between accounts in a move that sparked a 60% tumble in the firm’s token to as low as 15.5 cents.

Celsius allowed users to deposit their Bitcoin, Ethereum and Tether and receive weekly interest payments. Celsius says 1.7 million people (used to) call “Celsius their home for crypto.”

To keep up to date with Stockhead coverage, follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

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.

LAST WEEK’S BIGGEST SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for June 5 – June 10:

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

Tiny iron ore explorer Pearl Gull Iron (ASX:PLG) was up ~130% on no official news, driven by some outsized gains – on outsized volumes — over the last two days of the week.

PLG said ‘we don’t know why this is happening’ in response to a speeding ticket delivered from the ASX.

However, there is a resource due out this quarter on the flagship Cockatoo Island ‘Switch Pit’, where the company has been drilling into thick, high grade iron ore like ~57m grading 68.9% fe from ~80m.

LAST WEEK’S BIGGEST SMALL CAP LOSERS

Here are the best performing ASX small cap stocks for June 5 – June 10:

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