On Stockhead today, growth grows at the edge of recession, 4 ASX stocks that could save the world and we’re up to our necks in avvos.

But first, the day ahead.

Local shares are set to open higher today. At 8am AEDT, the ASX 200 August futures is pointing up by 0.30%.


The following companies are in trading halts and are expected out in the coming days:

Dart Mining NL (ASX:DTM) – There’s a “major” earn-in and joint venture agreement transaction in relation to its Dorchap Lithium Project on the table.

Lindian Resources (ASX:LIN) – There’s an update on the way about the proposed acquisition of Rift Valley Resource Developments and its Kangankunde Rare Earths Project in Malawi.

MedAdvisor (ASX:MDR) – MedAdvisor says that an announcement regarding a material acquisition and a capital raising is on the way, and you should get that mole on your upper thigh checked out by a specialist.

Greenland Minerals (ASX:GGG) – Market update on developments from the Greenland Government, which is most likely to not be about Vikings which is a shame.

Rafaella Resources (ASX:RFR) – Capital Raaaaaise! Sorry… just trying to jazz things up a little.

X2M Connect (ASX:X2M) – Capital Raisin’, which is just like a capital grape but heaps less juicy.

Tempus Resources (ASX:TMR) – It’s a capital raise.

Adavale Resources (ASX:ADD) – There’s a capital raise, and hey look – shiny things!

Santana Minerals (ASX:SMI) – There’s news of positive drilling results at the company’s Bendigo-Ophir Gold Project. Blistering guitar solo!

MPower Group (ASX:MPR) – Someone’s gonna raise some capital, baby!

Globe Metals & Mining (ASX:GBE) – Globe’s calling for a time-out, so it can get on top of managing its continuous disclosure requirements.



Gold: $US1,719.18 (-0.42%)

Silver: $US18.41 (-0.92%)

Nickel (3mth): $US22,025/t (-0.44%)

Copper (3mth): $US7,482/t (+0.40%)

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): $US96.18 (+1.56%)

Oil (Brent): $US104.12 (+0.87%)

Iron 62pc Fe: $US105.42 (+2.49%)

AUD/USD: 0.6956 (+0.10%)

Bitcoin: $US22,052 (-3.33%)



Guess what? Historical data shows that biotech is one the best sectors to put your money in over the long term.

For most biotech stocks, clinical trial readouts are what really move the share price needle — here are 10 crucial trials coming up for ASX biotechs in 2022.


Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. 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 preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am 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).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Market Cap
GNX Genex Power Ltd 0.195 44% $186,998,913.90
CLE Cyclone Metals 0.004 33% $18,312,710.95
NIS Nickelsearch 0.145 32% $6,633,596.31
SHN Sunshine Gold Ltd 0.036 29% $13,099,036.44
DTC Damstra Holdings 0.24 26% $48,962,313.72
CAU Cronos Australia 0.275 25% $121,514,724.76
GGX Gas2Grid Limited 0.0025 25% $8,116,204.16
PRM Prominence Energy 0.0025 25% $4,849,217.64
WBE Whitebark Energy 0.0025 25% $11,296,438.39
AWJ Auric Mining 0.08 23% $3,951,111.97
COY Coppermoly Limited 0.011 22% $19,745,612.36
THR Thor Mining PLC 0.011 22% $9,620,108.76
BCC Beam Communications 0.29 21% $20,741,261.04
ARE Argonaut Resources 0.003 20% $9,015,511.96
ODY Odyssey Gold Ltd 0.048 20% $21,297,218.20
RON Roninresourcesltd 0.16 19% $3,914,742.96
TCG Turaco Gold Limited 0.06 18% $21,813,550.12
NNG Nexion Group 0.098 17% $6,793,164.50
BEL Bentley Capital Ltd 0.07 17% $4,567,675.08
CBE Cobre 0.05 16% $7,112,501.43
MGL Magontec Limited 0.395 16% $26,087,931.40
DRE Dreadnought Resources Ltd 0.059 16% $144,772,861.10
ZGL Zicom Group Limited 0.074 16% $13,731,840.51
DRM Demetallicalimited 0.26 16% $19,540,939.28
CAQ CAQ Holdings Ltd 0.015 15% $9,331,221.65
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Genex Power (ASX: GNX) shares went heavenwards on this morning’s news of a takeover bid to acquire shares at 23 cents – a 70% premium to the company’s closing price last week.

The very keen consortium includes the Skip Essential Infrastructure Fund (SEIF) which currently holds 19.99% of GNX shares. Genex says the proposal was unsolicited and it hasn’t decided what to do.

Medical cannabis stock Cronos (ASX:CAU) reported a record quarter in Q4 FY2022, with total cash receipts of $23 million. Record annual cash receipts from customers for FY2022 of $70 million represents 245% year-on-year growth, it says.

$25m market cap goldie Odyssey Gold (ASX:ODY) returned ‘outstanding’ high-grade results like 4m at 53.9g/t gold from the Maybelle deposit in WA.

Part of the Tuckanarra Project in the Murchison Goldfields, Maybelle is where five shallow pits were mined back in the 1990s producing 101.1koz at an average grade of 3.9g/t gold.

Finally, magnesium play Magontec (ASX:MGL) blew the roof off with an expect net profit after tax of $13m for the first six months of 2022.

“Trading conditions have exceeded company expectations and reflect high underlying magnesium prices, volume growth in some product lines, and higher levels of demand,” exec chair Nic Andrew says.

“Importantly, this record result in the first half of FY2022 means that Magontec Limited has no net debt, as of 30th June 2022, and a robust financial platform.”



(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 % Market Cap
AUK Aumake Limited 0.004 -33% $4,628,681.54
EVE EVE Health Group Ltd 0.001 -33% $7,575,724.00
NTL New Talisman Gold 0.001 -33% $4,690,838.04
LVT Livetiles Limited 0.06 -29% $78,456,811.01
HXG Hexagon Energy 0.018 -25% $12,309,981.62
MYG Mayfield Group Ltd 0.28 -22% $32,610,921.84
ACB A-Cap Energy Ltd 0.068 -22% $107,221,852.48
EML EML Payments Ltd 0.935 -22% $446,288,063.93
NTM Nt Minerals Limited 0.023 -21% $18,383,121.17
CMO Cosmometalslimited 0.135 -21% $4,336,700.00
HAL Halo Technologies 0.465 -18% $73,170,680.39
AOF Australian Unity Off 1.84 -17% $363,287,395.77
MRL Mayur Resources Ltd 0.063 -16% $18,115,774.73
FGL Frugl Group Limited 0.016 -16% $3,850,391.71
ROC Rocketboots 0.11 -15% $4,127,500.00
SGA Sarytogan 0.33 -15% $23,622,160.77
APX Appen Limited 5.59 -15% $813,511,486.04
DOU Douugh Limited 0.028 -15% $19,630,191.21
OSX Osteopore Limited 0.14 -15% $19,349,259.27
TBA Tombola Gold Ltd 0.0325 -14% $36,299,487.61
ALM Alma Metals Ltd 0.012 -14% $10,352,611.60
DXN DXN Limited 0.006 -14% $10,299,203.85
RMX Red Mount Min Ltd 0.006 -14% $11,496,547.01
CTT Cettire 0.455 -14% $202,056,256.60
DEV Devex Resources Ltd 0.255 -14% $92,684,270.86
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