On Stockhead today, Rick Rule’s two ASX picks for 2022, how OM is riding out the recession, and why everyone’s getting angrier.

But first, the day ahead.

Local shares are set to open higher today. At 8am AEST, the ASX 200 July futures is pointing up by 0.25%.

 

WHO’s SCHEDULED TO LIST?

 

TRADING HALTS

Magnetic Resources NL (ASX:MAU) – Capital Raising, because all the cool kids are doing it.

Nagambie Resources (ASX:NAG) – Capital Raising, because it saw how much fun Magnetic Resources was having.

Tombola Gold (ASX:TBA) – Tombola’s going shopping, because it did its Capital Raising last month, before it was cool. 

 

MARKETS

Gold: $US1,733.45 (-0.49%)

Silver: $US19.09 (-1.06%)

Nickel (3mth): $US21,905/t (+1.50%)

Copper (3mth): $US7,608/t (-2.53%)

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): $US103.26 (-1.42%)

Oil (Brent): $US106.25 (-0.70%)

Iron 62pc Fe: $US109.97 (-3.31%)

AUD/USD: 0.6735 (-0.05%)

Bitcoin: $US20,260 (-3.90%)

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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

Code Company Price % Volume
99L 99 Loyalty Ltd. 0.035 59% 122,682
SIH Sihayo Gold Limited 0.003 50% 2,574,074
AUN Aurumin 0.155 35% 2,456,058
AFW Applyflow Limited 0.002 33% 2,177,461
BKG Booktopia Group 0.32 33% 250,230
WYX Western Yilgarn NL 0.16 33% 65,934
C1X Cosmosexploration 0.165 32% 33
DAL Dalaroometalsltd 0.14 27% 105,593
ERW Errawarra Resources 0.195 26% 73,157
KWR Kingwest Resources 0.074 25% 1,520,418
GGX Gas2Grid Limited 0.0025 25% 399
GME GME Resources Ltd 0.092 24% 117,660
OLL Openlearning 0.036 24% 537,631
CNQ Clean Teq Water 0.5 20% 84,649
LSA Lachlan Star Ltd 0.018 20% 2,592,228
SMI Santana Minerals Ltd 0.75 20% 353,659
AGH Althea Group 0.096 20% 1,976,363
ARE Argonaut Resources 0.003 20% 2,584,530
CTO Citigold Corp Ltd 0.006 20% 795,000
GMN Gold Mountain Ltd 0.006 20% 1,659
MTB Mount Burgess Mining 0.006 20% 35,000
C6C Copper Mountain 2.35 18% 6,944
PFT Pure Foods Tas Ltd 0.24 17% 5,424
PCL Pancontinental Energ 0.007 17% 21,367,850
GCX GCX Metals Limited 0.065 16% 117,053
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Up 20% was Cosmos Exploration (ASX: C1X), literally off the ground at Byro East, with the WA-NSW-based gold, copper and nickel explorer making its maiden Airborne Electromagnetic survey (AEM) at the 100% owned Ni-Cu-PGE Project.

The RareX (ASX:REE) spinoff, C1X says the milestone means the greenfields focused team is entering the final phase of target generation work ticking every box – from soil sampling, AMAG/AMRAD and Gravity Surveys – all completed this year, before breaking ground on the highly-prospective project.

Kingwest Resources (ASX:KWR) is on the up and up after saying its hit 5.0m @ 4.8 g/t from 113.3m in KGD004 included 2.3m @ 9.4g/t Au intercept at its Sir Laurence Discovery at Lake Goongarrie, WA.

Kingwest is an explorer focused primarily on gold exploration with ties as well to the historic Menzies gold fields, 120km north of Kalgoorlie.  The Menzies Project contains some of the highest-grade historic production in the Eastern Goldfields with the five underground mines producing between 16g/t and 32g/t Au over their respective life of mine for a total of 650,000 oz @ 22.5g/t.

And Copper Mountain Mining (ASX:C6C), up a curious 31% on no clear news and bugger-all volume, Errawarra Resources (ASX:ERW) with a similarly odd-looking 25% lurch and Santana Minerals (ASX:SMI).

 

TODAY’S BIGGEST SMALL CAP LOSERS

Here are the 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
LDX Lumos Diagnostics 0.057 -65% 18,466,943
HXL Hexima 0.014 -46% 23,915,701
ANL Amani Gold Ltd 0.001 -33% 500,000
EML EML Payments Ltd 0.975 -24% 27,898,585
PGY Pilot Energy Ltd 0.0165 -20% 4,809,348
ESR Estrella Res Ltd 0.018 -18% 6,041,828
BML Boab Metals Ltd 0.18 -18% 321,591
LRV Larvottoresources 0.185 -18% 347,956
SIX Sprintex Ltd 0.057 -17% 162,460
DUB Dubber Corp Ltd 0.785 -17% 1,704,967
1ST 1St Group Ltd 0.005 -17% 169,635
GLV Global Oil & Gas 0.0025 -17% 693,456
EVR Ev Resources Ltd 0.027 -16% 4,339,550
DC2 Dctwo 0.051 -15% 63,107
XRG Xreality Group Ltd 0.036 -14% 643,355
POW Protean Energy Ltd 0.006 -14% 386,962
SZL Sezzle Inc. 0.405 -14% 505,539
CLG Close Loop 0.38 -14% 145,085
MXO Motio Ltd 0.045 -13% 165,873
BBX BBX Minerals Ltd 0.1 -13% 339,396
BCA Black Canyon Limited 0.2 -13% 13,055
SHO Sportshero Ltd 0.02 -13% 1,332,670
DCC Digitalx Limited 0.034 -13% 576,207
FTL Firetail Resources 0.205 -13% 45,814
CLE Cyclone Metals 0.0035 -13% 250,000
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Lumos Diagnostics (ASX:LDX)  fell hard after saying that its device submission for FebriDX has been rejected by the US FDA.

According to Lumos, the FDA has expressed concerns regarding the risk that false negative viral infection test results could lead to missed opportunities to treat patients, and contribute to the spread of SARS-CoV-2 infections.

Lumos said this decision was unexpected, considering that FebriDx had previously received regulatory registrations in the UK, Europe, Canada, UAE, Brazil and Australia.

“Clearly this was not the outcome that the company was seeking,” said CEO, Doug Ward.

EML Payments (ASX:EML) is not yet a small cap, but giving it a real crack. It gained a bit last week only to give it all back and the some  – hitting a seven-year low to a six-year low – on the news CEO Tom Cregan has jumped ship.

And Novonix (ASX:NVX) also gave back some 12% after the brokers at Morgans’ cast doubt on the viability of its anode business.