On Stockhead today, would Elon Musk actually avoid Indonesian nickel, there’s no avoiding today’s inflation read, and Guy Le Page has gone all mystic on us.

But first … the day ahead.

Local shares are set to open lower today. At 8.30am AEDT, the ASX 200 August futures is pointing up by 0.40%.

Listing at 11am AEST is Sierra Rutile Holdings (ASX:SRX), a multi-mine mineral sands operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. Here’s Josh Chiat’s rundown on all you need to know about why this could be a smokie.



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


Rimfire Pacific Mining (ASX:RIM) – pending an update around the release of funds from Golden Plains Resources around the Fifield project earn in.

Gondolphin Resources (ASX:GRL) – capital raising pending.

Blue Energy (ASX:BLU) – capital raising pending.

De.mem (ASX:DEM) – another one raising capital.



Gold: $US1,715.67 (-0.04%)

Silver: $US18.70 (+1.43%)

Nickel (3mth): $US21,740/t (-2.20%)

Copper (3mth): $US7,545/t (+0.88%)

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): $US95.80 (-1.09%)

Oil (Brent): $US104.87 (-0.34%)

Iron 62pc Fe: $US106.01 (+0.56%)

AUD/USD: 0.6949 (+0.15%)

Bitcoin: $US21,127  (-2.78%)



Avocados as far as the eye can see:


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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).

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

Code Company Price % Market Cap
SMX Security Matters 0.28 155% 2,518,012
ANL Amani Gold Ltd 0.002 100% 4,500,000
POL Polymetals Resources 0.15 67% 411,602
SZL Sezzle Inc. 0.36 38% 9,322,003
B4P Beforepay Group 0.54 32% 171,782
ICN Icon Energy Limited 0.017 31% 193,306
PCK Painchek Ltd 0.035 25% 1,961,030
OAR OAR Resources Ltd 0.005 25% 4,507,501
APS Allup Silica Ltd 0.096 25% 15,157
MLD MACA Limited 0.99 24% 8,171,467
NXS Next Science Limited 0.99 24% 247,694
OEC Orbital Corp Limited 0.245 23% 6,431
RVS Revasum 0.3 22% 348,937
SPT Splitit 0.255 21% 7,146,789
MYR Myer Holdings Ltd 0.485 21% 8,299,881
SPQ Superior Resources 0.047 21% 8,086,600
DM1 Desert Metals 0.27 20% 75,917
ZIP ZIP Co Ltd.. 1.025 20% 33,268,543
BEM Blackearth Minerals 0.098 20% 2,501,646
ARN Aldoro Resources 0.19 19% 107,809
E79 E79Goldmineslimited 0.13 18% 18,039
1MC Morella Corporation 0.02 18% 24,375,781
RNU Renascor Res Ltd 0.2175 18% 20,605,597
DDH DDH Drill 0.74 17% 2,138,380
INV Investsmart Group 0.27 17% 103,791
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First up was Security Matters (ASX:SMX) who officially entered into a business combination agreement and accompanying scheme implementation deed with the Nasdaq-listed Lionheart III Corp (NASDAQ:LION).

The new arrangement will see SMX list on the Nasdaq via a newly-formed Irish company (to be named SMX Ireland!), with existing SMX shareholders set to receive consideration via a scheme of arrangement consisting of an aggregate of 20,000,000 ordinary shares of SMX Ireland.

Following in the footsteps of Zip Co (ASX:ZIP) and former bride to be Sezzle (ASX:SZL), a whole flotilla of forlorn buy now, pay later companies were doing pretty well on Tuesday.

Sezzle was up HEAPS. Zip Co  about 20% (after reporting a June qtr 27% increase in revenue and a pretty fab lift in customer numbers to 12 million. They’re pulling out of some ill-advised foreign adventures too.) Also, Splitit (ASX:SPT) was up 16% and Humm (ASX:HUM) almost 4%.

In the world of resources, Polymetals Resources (ASX:POL) was killing it on zero news – and low volumes – a phenomenon, Gregor noted, we’ve seen quite a bit of lately, and which is no doubt causing consternation among certain elements of the ASX regulators.

Semiconductor processing equipment firm Revasum (ASX:RVS) was up on the news Scott Jewler is the new president and CEO.

Dart Mining (ASX:DTM) was up strongly after entering into an earn-in with SQM Australia’s wholly-owned subsidiary Sociedad Química y Minera de Chile, giving SQM the right (but not the obligation) to sole fund exploration worth $12 million over the next six years at the Dorchap Lithium Project.



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

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

Code Company Price % Market Cap
GMN Gold Mountain Ltd 0.005 -29% 1,769,900
CPT Cipherpoint Limited 0.013 -26% 2,778,584
AR9 Archtis Limited 0.175 -24% 1,692,151
NTO Nitro Software Ltd 1.26 -23% 10,858,115
RCR Rincon 0.105 -22% 10,000
WYX Western Yilgarn NL 0.11 -21% 12,679
W2V Way2Vatltd 0.038 -21% 63,275
GGX Gas2Grid Limited 0.002 -20% 1,500,000
COY Coppermoly Limited 0.009 -18% 340,000
MRD Mount Ridley Mines 0.0045 -18% 8,031,117
SPA Spacetalk Ltd 0.058 -17% 1,075,118
LAM Laramide Res Ltd 0.5 -17% 500
TD1 Tali Digital Limited 0.005 -17% 100,243
WBE Whitebark Energy 0.0025 -17% 3,046,013
HMG Hamelingoldlimited 0.11 -15% 13,475
BRX Belararox 0.355 -14% 183,684
AQC Auspaccoal Ltd 0.09 -14% 64,789
RML Resolution Minerals 0.009 -14% 834,821
AVW Avira Resources Ltd 0.003 -14% 7,463
CL8 Carly Holdings Ltd 0.03 -14% 20,000
IHR intelliHR Limited 0.063 -14% 257,864
TML Timah Resources Ltd 0.07 -14% 10,000
G50 Gold50Limited 0.13 -13% 1,531
CCZ Castillo Copper Ltd 0.013 -13% 4,374,960
VAN Vango Mining Ltd 0.04 -13% 527,040
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Nitro Software (ASX:NTO), was bleeding out after investors were miffed it failed to hit previous guidance – despite lifting year on year annual recurring revenue (ARR) of US$57 million to US$60 million, that’s yYoY growth of as much as 30%.

But, it still wasn’t the ARR promised –  which was US$64m to US$68m. That’s YoY targeted growth of as high as 47%.