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.
WHO’S SCHEDULED TO LIST?
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.
TRADING HALTS
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.
MARKETS
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%)
WHAT GOT YOU TALKING LAST WEEK?
Because everyone wants to know how long this bull market will last.
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
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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.
FRIDAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ICE | Icetana Limited | 0.028 | 56% | 602,925 |
| WBE | Whitebark Energy | 0.002 | 33% | 6,415,661 |
| CNJ | Conico Ltd | 0.0315 | 31% | 71,430,169 |
| MMI | Metro Mining Ltd | 0.022 | 29% | 37,095,546 |
| S3N | Sensore Ltd | 0.64 | 28% | 41,742 |
| AYA | Artryalimited | 0.855 | 28% | 37,664 |
| TNG | TNG Limited | 0.065 | 27% | 7,482,368 |
| ELT | Elementos Limited | 0.455 | 26% | 163,825 |
| ACU | Acumentis Group Ltd | 0.12 | 26% | 107,305 |
| NWM | Norwest Minerals | 0.031 | 24% | 272,393 |
| CHR | Charger Metals | 0.47 | 24% | 314,632 |
| MAG | Magmatic Resrce Ltd | 0.074 | 23% | 377,061 |
| DTM | Dart Mining NL | 0.065 | 23% | 87,997 |
| PLG | Pearlgullironlimited | 0.05 | 22% | 819,581 |
| FIN | FIN Resources Ltd | 0.017 | 21% | 67,026 |
| XTC | Xantippe Res Ltd | 0.0085 | 21% | 14,785,151 |
| SRZ | Stellar Resources | 0.018 | 20% | 407,398 |
| E25 | Element 25 Ltd | 0.6 | 20% | 148,332 |
| LIN | Lindian Resources | 0.12 | 20% | 1,053,063 |
| AOA | Ausmon Resorces | 0.006 | 20% | 3,744,313 |
| GLV | Global Oil & Gas | 0.003 | 20% | 1,183,011 |
| LNU | Linius Tech Limited | 0.006 | 20% | 3,776,789 |
| IHR | intelliHR Limited | 0.073 | 20% | 230,543 |
| DM1 | Desert Metals | 0.22 | 19% | 44,773 |
| SXG | Southern Cross Gold | 0.385 | 18% | 885,045 |
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.
ASX SMALL CAP LOSERS
Here are the least-best performing ASX small cap stocks for July 8 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Security | Description | Last | % | Volume |
|---|---|---|---|---|
| TEM | Tempest Minerals | 0.0515 | -41% | 98,817,427 |
| BIR | BIR Financial Ltd | 0.021 | -25% | 1,053,622 |
| SMX | Security Matters | 0.11 | -21% | 90,778 |
| UVA | Uvrelimited | 0.135 | -21% | 239,620 |
| CFO | Cfoam Limited | 0.004 | -20% | 12,310,963 |
| SIH | Sihayo Gold Limited | 0.002 | -20% | 4,264,109 |
| VOL | Victory Offices Ltd | 0.016 | -20% | 2,593,823 |
| DEX | Duke Exploration | 0.062 | -19% | 162,700 |
| BBX | BBX Minerals Ltd | 0.115 | -18% | 327,689 |
| CRB | Carbine Resources | 0.015 | -17% | 100,000 |
| ARE | Argonaut Resources | 0.0025 | -17% | 1,840,000 |
| PTR | Petratherm Ltd | 0.08 | -16% | 318,196 |
| M3M | M3Mininglimited | 0.115 | -15% | 61,283 |
| ATU | Atrum Coal Ltd | 0.006 | -14% | 442,640 |
| MCT | Metalicity Limited | 0.003 | -14% | 105,000 |
| NAE | New Age Exploration | 0.006 | -14% | 586,947 |
| TPD | Talon Energy Ltd | 0.006 | -14% | 1,105,811 |
| VKA | Viking Mines Ltd | 0.006 | -14% | 50,000 |
| DOU | Douugh Limited | 0.02 | -13% | 2,462,572 |
| ERL | Empire Resources | 0.007 | -13% | 303,848 |
| IPT | Impact Minerals | 0.007 | -13% | 5,374,085 |
| OEQ | Orion Equities | 0.21 | -13% | 10,000 |
| SBW | Shekel Brainweigh | 0.105 | -13% | 300,012 |
| DVL | Dorsavi Ltd | 0.0105 | -13% | 174,260 |
| PEC | Perpetual Res Ltd | 0.036 | -12% | 167,240 |