On Stockhead today, why Australia’s rare earths industry needs its own Elon Musk, Swift’s new CEO on her plan for stemming the company’s share price bleed and the Secret Broker’s tale on an unusually morbid discovery in a gold mine.

But first:

The day ahead

Local markets will get an update from the RBA on private sector credit, which is expected to show growth in mortgage lending remained sluggish last month either side of the election.

Overseas, key data will be led by US PCE inflation figures for May later tonight. Annual core inflation growth is forecast to remain sluggish at just 1.6 per cent, but Westpac analysts said “this weakness is expected to be transitory”.

Company news

The following companies are scheduled to come out of a trading halt or voluntary suspension over the next two trading sessions:

Friday:

Jervois Mining (ASX: JRV) – capital raising
Triton Minerals (ASX: TON) – capital raising and partnership
Rumble Resources (ASX: RTR) – results
Sun Resources (ASX: SUR) – capital raising

Monday:

Ausmex Mining (ASX: AMG) – exploration results
Titan Minerals (ASX: TTM) – acquisition
Atmos (ASX: AMS) – capital raising
Invictus Energy (ASX: IVZ) – update to resource estimate
Moho Resources (ASX: MOH) – results
Vimy Resources (ASX: VMY) – capital raising
Calima Energy (ASX: CE1) – capital raising
Adacel Technologies (ASX: ADA) – trading update
Onevue Holdings (ASX: OVH) – sale of Trustee Services

Markets

Gold: $US1409.17 ($2,011.46) -0.17%

Silver: $US15.25 -0.55%

Oil (Brent): $US65.46 -0.11%

Oil (WTI): $US59.36 -0.12%

Coal: $US69.50 -0.57%

Iron ore 62pc fe: $US118.02 +0.3%

AUD/USD: $US0.7006 -0.04%

What got you talking yesterday

Over on Stockhead’s Facebook micro caps page, our senior journalist Rachel Williamson provided an update on what might be driving the latest surge in Bitcoin prices.

But group member Jack Dimovski was unconvinced: “It will fall again. Maybe even lower,” Dimovski wrote.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday, June 27:

Yesterday’s winners

It was a strong winners list yesterday, with no less than 22 stocks posting gains of at least 30 per cent.

Resources stocks led the way, with Discovery Africa (ASX: DAF) doubling up to 1.4 cents after releasing a market update the previous evening.

The company said ongoing legal proceedings against four previous directors had been resolved “with no admission of liability, by a payment to the company of $2m (within 28 days) and mutual releases between all parties”.

The company said it would also undertake a private share placement to raise $100k at 1c per share.

And PNX Metals (ASX: PNX) also performed strongly, with assay results from the recent diamond drilling program at its Hayes Creek zinc-gold-silver project showing “massive sulphide mineralisation” zones.

Here are the best performing ASX small cap stocks for Thursday, June 27:

Ticker Name Price % Chg Volume Market Cap
AJC Acacia Coal Ltd 0.002 +100.00% 600.0k $8.1M
DAF Discovery Africa Ltd 0.014 +100.00% 595.8k $2.6M
OAU Ora Gold Ltd 0.014 +75.00% 2.8M $9.0M
PNX PNX METALS Ltd 0.008 +60.00% 145.9M $19.5M
SOP Synertec Corp Ltd 0.04 +57.14% 80.0k $9.7M
MAU Magnetic Resources NL 0.2 +53.85% 70.0k $80.8M
AGE Alligator Energy Ltd 0.003 +50.00% 250.0k $3.0M
EMP Emperor Energy Ltd 0.003 +50.00% 11.0M $3.4M
IAM Intiger Group Ltd 0.0015 +50.00% 2.2M $2.5M
KGM KalNorth Gold Mines Ltd 0.006 +50.00% 138.0k $5.4M
TMX Terrain Minerals Ltd 0.003 +50.00% 3.4M $1.9M
XST XState Resources Ltd 0.003 +50.00% 1.3M $3.4M
IP1 Integrated Payment Technologie 0.02 +46.67% 3.8M $6.8M
NGY NuEnergy Gas Ltd 0.007 +40.00% 405.0k $10.4M
DRE Dreadnought Resources Ltd 0.004 +33.33% 1.9M $4.4M
LCY Legacy Iron Ore Ltd 0.004 +33.33% 171.9k $5.9M
MLS Metals Australia Ltd 0.002 +33.33% 1.4M $5.9M
RFN Reffind Ltd 0.004 +33.33% 2.7M $2.1M
SBR Sabre Resources Ltd 0.004 +33.33% 1.3M $1.6M
MGL Magontec Ltd 0.03 +32.00% 21.0k $37.6M
BUB Bubs Australia Ltd 1.23 +31.72% 28.6M $624.2M
SW1 Swift Media Ltd 0.21 +31.25% 434.9k $32.3M

Yesterday’s losers

The opposite site of the ledger was also a resources story, with the usual round of junior explorer penny stocks ticking lower to post large percentage falls.

Declines were led by Global Vanadium (ASX: GLV), which lost half of its value on no news to fall to 0.1c.

These were the worst performing ASX small cap stocks for Thursday, June 27:

Ticker Company Price ($) % Chg Volume Market Cap
GLV Global Vanadium Ltd 0.001 -50.00% 2.5M $2.8M
RIM Rimfire Pacific Mining NL 0.002 -33.33% 1.9M $2.1M
PCL Pancontinental Oil & Gas NL 0.001 -33.33% 1.3M $5.4M
DDD 3D Resources Ltd 0.001 -33.33% 150.0k $1.1M
RD1 Registry Direct Ltd 0.02 -32.00% 7.8k $2.2M
PUR Pursuit Minerals Ltd 0.011 -31.25% 20.7M $2.0M
MHC Manhattan Corp Ltd 0.003 -25.00% 514.0k $2.2M
FE8 Faster Enterprises Ltd 0.012 -25.00% 10.0k $1.3M
AKN Auking Mining Ltd 0.0015 -25.00% 156.0k $1.4M
MBK Metal Bank Ltd 0.007 -22.22% 131.4k $6.2M
JJF Jiajiafu Modern Agriculture Ltd 0.04 -20.00% 10.0k $3.4M
VAL Valor Resources Ltd 0.004 -20.00% 3.8M $7.6M
UNL United Networks Ltd 0.008 -20.00% 3.7M $1.0M
SYT Syntonic Ltd 0.002 -20.00% 969.7k $6.6M
QGL Quantum Graphite Ltd 0.002 -20.00% 337.5k $15.3M
NEW Norwest Energy NL 0.002 -20.00% 1.9M $6.8M
EPM Eclipse Uranium Ltd 0.002 -20.00% 2.4M $2.3M
DTM Dart Mining NL 0.004 -20.00% 490.0k $4.0M
CZN Corazon Mining Ltd 0.002 -20.00% 2.6M $2.8M
IS3 I Synergy Group Ltd 0.2 -18.00% 17.3k $37.5M