On Stockhead today, ResApp’s CEO on what happens now, why CZR doesn’t need Rio, and are gambling stocks worth taking a punt on?

But first… the day ahead.

Listing at 12pm AEST is copper-gold explorer Bindi Metals (ASX:BIM) which plans to acquire the Biloela copper-gold project in Queensland.

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

 

TRADING HALTS

 

The following companies went into trading halts today and are expected out in the next few days:

Equity Story Group (ASX:EQS) – announcement in relation to a material acquisition

carsales.com (ASX:CAR) – capital raising.

3D Resources (ASX:DDD) – capital raising.

Firefinch (ASX:FFX) – update to operational performance and production guidance at the Morila Gold Project

Grand Gulf Energy (ASX:GGE) – announcement regarding test results at Jesse 1A helium well.

Kuniko (ASX:KNI) – clarification request regarding earlier release about success in Norway drilling operation.

 

MARKETS

Gold: $US1,822.59 (-0.20%)

Silver: $US21.14 (+0.15%)

Nickel (3mth): $US222,885/t (+2.17%)

Copper (3mth): $US8,357/t (+0.42%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 17): $US69,750/t (0.4% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 17): $US70,875/t (0.0% weekly)

Oil (WTI): $109.72 (+1.95%)

Oil (Brent): $US115.16(+1.80%)

Iron 62pc Fe: $US130.93 (+0.94%)

AUD/USD: $US0.6923(-0.04%)

Bitcoin: $US20,832 (-2.55%)

 

WHAT GOT YOU TALKING YESTERDAY?

 

CATL has a new, more powerful EV battery than Tesla.

 

And our best and worst IPOs of FY22 caught your eye.

 

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

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 at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

YESTERDAY’s BIGGEST SMALL CAP WINNERS

 

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

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Neometals (ASX:NMT) spin-off Widgie Nickel (ASX:WIN), has the ‘Mt Edwards’ project in WA, where 162,600t of nickel across 11 separate resources has already been identified.

Yesterday the company announced a high-grade nickel discovery at Gillet North, within the wider Mt Edwards project.

Massive and semi-massive nickel sulphides have returned intersections of up to 12m at 3.40% nickel from 200m, including 5m at 4.84% nickel from 206m and 18m at 4.69% nickel from 246m.

MD Steve Norregaard says this drill result is, quite simply, “outstanding”.

“The discovery of thick, high-grade mineralisation at Gillett North is extremely exciting for Widgie,” he said.

“A brownfield discovery in the middle of the Widgie South area, high-grade in nature, with ample room to grow, will enhance Widgie’s existing resource base and ultimately enhance the underlying project economics.”

The company wants to be a ‘production ready’ nickel stock by the end of 2023.

Immuno-oncology clinical group Immugene (ASX:IMU) reported a win in the war against advanced gastric cancer.

The company’s Phase 2 study of HER-Vaxx in Her-2/Neu overexpressing advanced/metastatic gastric/GEJ cancer has shown a 41.5% survival benefit for patients treated with HER-Vaxx plus SOC chemotherapy compared to SOC chemotherapy alone.

Sub-penny struggler BikeExchange (ASX:BEX), says its recent entitlement offer brought just shy of $2 million into the company, and a 7.2% stake buy-in from Melbournian fund managers HG Hiscock.

Kuniko (ASX:KNI) confirmed cobalt mineralisation has been identified in “multiple sections of diamond drill core” from the priority Middagshville target at Skuterud in Norway.

Skuterud consists of four granted licences covering roughly 1,250 hectares in southern Norway, within 100km of the Oslo port.

With five drill holes now complete, KNI says drilling will continue at the Middagshvile target until around mid-July, with around 2,500 metres of drilling completed to date.

Logging of the drill core is occurring in parallel with the drilling, while laboratory assay results are expected around September.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

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

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