On Stockhead today, all the potential players as Leonora changes shape, China mulls another monstrous stimmy plan, and shorters keep coming for FLT.

But first, the day ahead.

As Christian Edwards reports in this week’s Traders’ Diary, the big news for the first week of the new financial year was tech-heavy NASDAQ posting its longest winning streak of 2022. But also, the 2- and 10-year yield curves remained inverted for the fourth consecutive day which is regarded by many as the best leading indicator of a recession. That’s one to watch.

The SPI Futures closed firm, pointing to a 20-point gain on Monday which would take the ASX 200 back to 6700.

On the calendar front today, we’ll be seeing CBA’s Household Spending for June, and Japan’s BOJ Governor Kuroda speaks.



We’re still waiting for Aeramentum Resources (ASX:AEN) to get its ducks in a line.

Listing: 7 July

IPO: $7m at $0.20

AEN plans to explore and develop the ‘Treasure’ (Black Pine) Project, in the Republic of Cyprus, which has numerous occurrences of high-grade nickel, copper, gold and cobalt in sulphides associated with a major transform fault. There is also evidence of past mining activity with multiple underground adits and shafts.

AEN says Cyprus was historically a major producer of copper and is well placed to supply the European electric vehicle market with copper, nickel and cobalt, along with gold.


Galileo Mining (ASX:GAL) – material drill assay results from the company’s Callisto discovery are pending. It’s like Christmas in July, except every present’s a spreadsheet.

Power Minerals (ASX:PNN) – we understand that there’s a memorandum of understanding in the pipeline.

Minbos Resources (ASX:MNB) – announcement pending regarding a material equity raising (including a significant cornerstone investment) and strategic cooperation agreement.

Auric Mining (ASX:AWJ) – stand by for an announcement about results from a recent scoping study.



Gold: $US1,741.82 (+0.13%)

Silver: $US19.30 (+0.56%)

Nickel (3mth): $US21,400/t (0.00%)

Copper (3mth): $US7,860/t (0.00%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t (0.0% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t (0.0% weekly)

Oil (WTI): $US104.79 (+2.01%)

Oil (Brent): $US107.02 (+2.26%)

Iron 62pc Fe: $US113.74 (-1.22%)

AUD/USD: 0.6842 (-0.1%)

Bitcoin: $US21,058 (-3.07%)



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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.



(Stocks highlighted in yellow rose after making announcements during the trading day).

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iCetana (ASX:ICE) had a big jump on pretty much no new news, but definitely owes someone of staff a mill or two for their Power Point skills.

The video analytics solutions provider sent out an update presentation, and they liked what they saw.

ICE now reviews 2.5 million hours of footage every week from 15,145 cameras, but it was probably the big blue diamond saying ARR is up 40% per annum that caught their eye.

Love a good ARR.



Here are the least-best performing ASX small cap stocks for July 8 [intraday]:

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