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

On Stockhead today, the best and worst IPOs of FY21-22, how to invest in property right now, and Bottom Picker picks bottom.

But first … the day ahead.

WHO’S LISTING THIS WEEK?

BINDI METALS (ASX:BIM)
Raised: $4.8 million
Price: 20c
Listing: Tuesday, June 28, 12pm AEST

Markets are acting like spoilt babies right now, investors throwing themselves out with the bathwater as inflation chews up the toys that used to float among the bubbles.

But the IPO market isn’t dead yet, not by a long shot, with exploration plays still just hot enough to hit it up for cash.

The first float to have a set listing time is Bindi Metals, which is planning to pick up the Biloela project in Queensland.

Our IPO nerd Em Davies says this one is prospective for gold and copper.

And indeed the specs may well show that.

The company plans to compile data and geophysical surveys at the Flanagan’s and Great Blackall prospects, followed by a drilling program at both prospects.

Flanagan’s boasts a 1.5km long by 180m wide stretch of outcropping gold rich mineralisation hosted in diorite, with rock chip results of up to 21g/t gold and 5.2% copper.

TRADING HALTS

The following companies entered trading halts on Friday and will exit in the coming days.

Centrepoint Alliance Limited (ASX:CAF) – There’s a non-binding indicative offer from Diverger Limited (ASX:DVR) to acquire all Centrepoint shares.

Orthocell Limited (ASX:OCC) – Announcement about a global exclusive licence and manufacturing agreement for its Striate+ product pending.

BWX Limited (ASX:BWX) – Trading update pending.

WHAT GOT YOU TALKING LAST WEEK?

Amid all the doom and gloom across the mining sector, a late charge from locally listed lithium stocks had markets excited.

• Lithium stocks surge as Stellanis invests $76m in $VUL
• $HFR one big step closer to building Europe’s next big potash mine
• Visible nickel identified in 4 of first 6 holes into $WMG Mulga Tank project #ASX by @reubenadams6
https://t.co/spfbS6Kbz7

— Stockhead (@StockheadAU) June 24, 2022

And wondering if the ASX players may have been oversold.

What do the Chinese know that we don’t? #lithium https://t.co/eA3ppkPVey pic.twitter.com/obnTarhQSX

— Evan Cranston (@EvanCranston) June 23, 2022

LAST WEEK’S ASX SMALL CAP WINNERS:

Here are the best performing ASX small cap stocks for June 20 – June 24:
Swipe or scroll to reveal full table. Click headings to sort:

Code	Company	Price	% Week	Market Cap
PYG	Paygroup Limited	0.94	154%	$111,227,636
TEM	Tempest Minerals	0.076	95%	$32,305,035
BEX	Bikeexchange Ltd	0.038	90%	$7,950,164
BIR	BIR Financial Ltd	0.03	67%	$5,443,085
LIN	Lindian Resources	0.11	49%	$80,437,325
RSH	Respiri Limited	0.051	46%	$38,854,164
CMO	Cosmo Metals	0.18	44%	$4,081,600
LVH	Livehire Limited	0.37	37%	$80,277,103
AR9	Archtis Limited	0.15	36%	$42,208,513
TTT	Titomic Limited	0.27	35%	$53,670,475
AFW	Applyflow Limited	0.002	33%	$4,436,412
WBE	Whitebark Energy	0.002	33%	$11,246,251
YPB	YPB Group Ltd	0.02	33%	$4,923,365
3DP	Pointerra Limited	0.24	33%	$159,284,458
ICI	Icandy Interactive	0.07	32%	$78,566,941
ST1	Spirit Technology	0.054	32%	$38,553,968
AR1	Austral Resources	0.605	32%	$137,319,610
NCL	Netccentric Ltd	0.091	30%	$25,754,061
AVR	Anteris Technologies	28	30%	$362,160,918
WSP	Whispir Limited	0.94	29%	$94,186,664
CNB	Carnaby Resource Ltd	0.975	28%	$124,322,369
REZ	Resourc & En Grp Ltd	0.029	26%	$12,495,145
NME	Nex Metals Explorat	0.04	25%	$10,680,945
RCE	Recce Pharmaceutical	0.755	25%	$133,235,183
DRX	Diatreme Resources	0.041	24%	$124,565,488
UNI	Universal Store	4.19	22%	$283,267,885
T3K	Tek Ocean Group	0.14	22%	$4,910,175
CTT	Cettire	0.485	21%	$152,495,288
PBH	Pointsbet Holdings	2.47	21%	$646,278,437
WA1	Wa1Resourcesltd	0.145	21%	$4,210,076
AQS	Aquis Ent Ltd	0.12	20%	$4,286,301
DVL	Dorsavi Ltd	0.012	20%	$3,538,813
DXN	DXN Limited	0.006	20%	$8,827,889
PSL	Paterson Resources	0.03	20%	$9,838,499
VMC	Venus Metals Cor Ltd	0.18	20%	$22,661,802
HFY	Hubify Ltd	0.044	19%	$21,624,283
MAP	Microbalifesciences	0.255	19%	$49,791,870
AVH	Avita Medical	1.705	18%	$110,288,629
CLG	Close Loop	0.39	18%	$122,439,789
AEF	Australian Ethical	5.23	18%	$530,467,291
BFC	Beston Global Ltd	0.085	18%	$68,240,153
TLX	Telix Pharmaceutical	4.59	18%	$1,298,107,724
NNG	Nexion Group	0.08	18%	$5,660,970
R3D	R3D Resources Ltd	0.135	17%	$10,456,174
EXR	Elixir Energy Ltd	0.135	17%	$115,925,339
AAC	Australian Agricult.	2.37	17%	$1,428,557,190
RMI	Resource Mining Corp	0.17	17%	$59,185,096
APX	Appen Limited	6.28	17%	$715,988,865
PSQ	Pacific Smiles Grp	1.845	17%	$288,045,398

PayGroup (ASX:PYG) found itself the subject of a rather terrific $120 million takeover bid from American startup unicorn Deel.

Deel’s Aussie business wants to snap up PayGroup in an all-cash feast of human resource deliciousness.

Deel wants to pay the group one Aussie dollar for each shiny new share. Mathematicians inform us that is a 175% premium on PYG’s last close of around 36 cents.

Ending the week at 94 cents, we had a standout winner for the week.

LAST WEEK’S ASX SMALL CAP LOSERS:

Here are the best performing ASX small cap stocks for June 20 – June 24:

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

Code	Description	Last	% Week	Market Cap
KWR	Kingwest Resources	0.066	-47%	$22,353,518
IMR	Imricor Med Sys	0.11	-45%	$21,494,091
AYA	Artryalimited	0.425	-45%	$35,076,787
AMD	Arrow Minerals	0.002	-43%	$5,471,795
HUM	Humm Group Limited	0.44	-42%	$284,779,283
BMH	Baumart Holdings Ltd	0.105	-42%	$26,054,056
DCN	Dacian Gold Ltd	0.105	-42%	$184,463,101
GFN	Gefen Int	0.08	-41%	$5,375,996
CBL	Control Bionics	0.13	-37%	$6,291,363
C29	C29Metalslimited	0.11	-35%	$2,994,750
ILA	Island Pharma	0.12	-35%	$5,189,559
OLL	Openlearning	0.03	-35%	$7,074,685
OKR	Okapi Resources	0.19	-34%	$24,013,530
AUQ	Alara Resources Ltd	0.041	-34%	$33,860,603
3MF	3D Metalforge	0.012	-33%	$2,311,006
A8G	Australasian Metals	0.2	-33%	$8,645,804
AYM	Australia United Min	0.004	-33%	$7,370,310
AYT	Austin Metals Ltd	0.008	-33%	$9,142,872
DVL	Dorsavi Ltd	0.01	-33%	$3,538,813
GO2	Thego2People	0.012	-33%	$4,879,659
MGG	Mogul Games Grp Ltd	0.002	-33%	$6,523,320
NAE	New Age Exploration	0.006	-33%	$10,051,292
OMX	Orangeminerals	0.08	-33%	$3,898,714
RCW	Rightcrowd	0.04	-33%	$11,762,338
KKO	Kinetiko Energy Ltd	0.05	-33%	$35,974,068
BKG	Booktopia Group	0.235	-33%	$32,966,232
EPN	Epsilon Healthcare	0.0225	-33%	$5,528,142
SZL	Sezzle Inc.	0.29	-33%	$58,234,393
ABV	Adv Braking Tech Ltd	0.021	-32%	$7,962,124
WMC	Wiluna Mining Corp	0.33	-32%	$101,961,574
WR1	Winsome Resources	0.22	-31%	$29,725,079
DEL	Delorean Corporation	0.093	-31%	$21,356,371
SLZ	Sultan Resources Ltd	0.1	-31%	$8,744,861
KCC	Kincora Copper	0.065	-31%	$5,127,158
FGL	Frugl Group Limited	0.009	-31%	$1,813,950
VEE	Veem Ltd	0.42	-31%	$59,037,962
GCR	Golden Cross	0.063	-30%	$6,583,537
GLV	Global Oil & Gas	0.0035	-30%	$7,493,419
M24	Mamba Exploration	0.07	-30%	$3,374,000
ACB	A-Cap Energy Ltd	0.063	-30%	$86,270,456
EM2	Eagle Mountain	0.28	-30%	$79,092,469
SHP	South Harz Potash	0.098	-30%	$55,863,542
PNR	Pantoro Limited	0.21	-30%	$322,879,456
TGM	Theta Gold Mines Ltd	0.061	-30%	$39,066,141
CPO	Culpeominerals	0.2	-30%	$9,019,413
GLA	Gladiator Resources	0.019	-30%	$10,343,398
ELT	Elementos Limited	0.42	-29%	$79,708,033
RVS	Revasum	0.265	-29%	$30,715,830
KP2	Kore Potash PLC	0.017	-29%	$12,991,744

On the flop side, enormous choice, but we’re going to have to go with Humm Group (ASX:HUM).

Down 44% since Monday, Humm also lost most of its humm as well as the cream of its board who were not to outlive the death of their much touted takeover deal with Latitude Financial.

Majority directors Wylie and Muir fell on their swords, while chairman Christine Christian says she’ll go when a fitting replacement is found.