On Stockhead today, we look at whether the ASX’s solid gains in H1 will continue for the rest of the year, the global private equity war chest swells to a record $2.5 trillion and Emerald Resources is starting to shine — just as columnist Tim Treadgold predicted.

But first:

The day ahead

Today is all about the interest rate announcement from the Reserve Bank of Australia at 2:30pm AEST.

The market is now expecting the central bank to cut rates for the second time in two months, bringing the official cash rate to 1 per cent, another new all-time low.

Company news

Get ready, because there are is an absolute tonne of companies scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:

Tuesday:

Speciality Minerals (ASX:SEI) – acquisition
Smart Marine Systems (ASX:SM8) – capital raising
Collaborate Corp (ASX:CL8) – capital raising
Hot Chili (ASX:HCH) – capital raising
Lifespot Health (ASX:LSH) – product development & distribution heads of agreement
Carnavale Resources (ASX:CAV) – clarification of announcements.

Wednesday:

Silver Chef (ASX: SIV) – acquisition of itself
Impression Healthcare (ASX: IHL) – proposed capital raising & expansion
Nova Minerals (ASX: NVA) – capital raising
NeuroScientific Biopharm (ASX: NSB) – announcement on research and development program
Azumah Resources (ASX: AZM) – upgrade to mineral resources
Wellard (ASX: WLD) – recapitalisation
Chalice Gold Mines (ASX: CHN) – sale of Quebec gold projects
Pursuit Minerals (ASX: PUR) – capital raising
Apollo Minerals (ASX: AON) – project announcement
Oro Verde (ASX: OVL) – acquisition
Capricorn Metals (ASX: CMM) – capital raising & board appointments
Piedmont Lithium (ASX: PLL) – capital raising
Aguia Resources (ASX: AGR) – capital raising
Keybridge Capital (ASX: KBC) – company investment
GBST (ASX: GBT) – response to acquisition proposal.

Markets

Gold: $US1,387.21 ($1,991.02) +0.27%

Silver: $US15.16 +0.08%

Oil (Brent): $US65.21 +0.02%

Oil (WTI): US58.97 -0.34%

Coal: $US69.48

Iron ore 62pc fe: $US121.20 +2.8%

AUD/USD: $0.6967
 

What got you talking yesterday

Over on Stockhead’s Facebook chat group, member Ben Murphy was talking up Fatfish Blockchain (ASX:FFG): “Watch FFG, just hit pink slip market today so should be some good volume imo and already broke 0.015 up over 20% today 🤑 and anyone who thinks this is a pump and wishes to comment pointless thoughts please DYOR lol. Sorry forget the emojis that scare people away from these shares so here they are 💰💰💰💸💶💵🚀💰🚀🚀🚀💰💶💸🤞🚀🤞🤑💸💶🚀 😉😁.”

DYOR stands for “do your own research”.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday, July 1:

 

Yesterday’s winners

Medibio (ASX:MEB) climbed 144 per cent to 2.2c. The medtech play signed on British food service conglomerate Compass Group to the pilot program for its corporate mental health app, ilumen.

The group safety and sustainability director argued the partnership, “demonstrates our commitment to supporting the mental wellbeing of our workforce and that of our customers.”

Phoslock Environmental Technologies (ASX:PET) jumped after announcing it was gaining traction in China following successful trials, up 25 per cent to $1.09.

And Probiotec (ASX:PBP) shares hit their highest point in nearly a decade after acquiring a fellow pharmaceutical packaging company.

Ticker Name Price % Chg Volume Market Cap
MEB Medibio Ltd 0.022 +144.44% $5.5M 75.5M
DDD 3D Resources Ltd 0.002 +100.00% $2.2M 740.1k
OEX Oilex Ltd 0.003 +50.00% $7.8M 500.0k
PSM Peninsula Mines Ltd 0.003 +50.00% $3.0M 2.1M
UTR Ultracharge Ltd 0.003 +50.00% $3.2M 56.0k
ADV Ardiden Ltd 0.004 +33.33% $6.7M 28.8M
DRE Dreadnought Resources Ltd 0.004 +33.33% $4.6M 500.0k
SUD Suda Pharmaceuticals Ltd 0.004 +33.33% $14.2M 12.7M
VIC Victory Mines Ltd 0.002 +33.33% $2.7M 183.3k
GLH Global Health Ltd 0.18 +28.57% $6.1M 2.2k
AIY Authorised Investment Fund Ltd 0.04 +26.67% $16.0M 362.7k
FZO Family Zone Cyber Safety Ltd 0.19 +26.67% $38.1M 825.6k
PET Phoslock Environmental Technol 1.09 +25.29% $601.1M 10.4M
KZR Kalamazoo Resources Ltd 0.15 +25.00% $13.4M 290.0k
RCP Redbank Copper Ltd 0.015 +25.00% $1.8M 50.0k
CTO Citigold Corp Ltd 0.005 +25.00% $10.8M 1.1M
MGT Magnetite Mines Ltd 0.005 +25.00% $4.0M 100.0k
MMR MEC Resources Ltd 0.005 +25.00% $2.1M 81.0k
NWE Norwest Energy NL 0.0025 +25.00% $8.5M 450.0k
SYT Syntonic Ltd 0.0025 +25.00% $8.2M 6.7M
BOC Bougainville Copper Ltd 0.13 +23.81% $52.1M 26.9k
IP1 Integrated Payment Technologie 0.02 +23.53% $6.5M 864.3k

 

Yesterday’s losers

Among today’s losers are Adacel Technologies (ASX:ADA) and Superloop (ASX:SLC), which both announced multi-million dollar profit downgrades. Adacel was hit nearly three times as bad, falling by over a third because its multi-million profit turned into nearly a multi-million dollar loss.

Ticker Company Price ($) % Chg Volume Market Cap
AJC Acacia Coal Ltd 0.001 -50.00% $4.1M 1.3M
OAR Oakdale Resources Ltd 0.009 -35.71% $1.9M 3.5M
TSC Twenty Seven Co Ltd 0.002 -33.33% $2.0M 38.6k
QGL Quantum Graphite Ltd 0.002 -33.33% $15.3M 15.0k
LRS Latin Resources Ltd 0.001 -33.33% $3.9M 25.7M
ADA Adacel Technologies Ltd 0.41 -31.93% $30.9M 3.4M
BAS Bass Oil Ltd 0.002 -20.00% $5.2M 5.1M
POD Podium Minerals Ltd 0.07 -19.57% $7.1M 328
AMG Ausmex Mining Group Ltd 0.1 -16.52% $46.1M 13.2M
JRL Jindalee Resources Ltd 0.34 -16.25% $11.7M 600
FGO Flamingo AI Ltd 0.006 -14.29% $6.7M 2.7M
NES Nelson Resources Ltd 0.05 -13.79% $2.3M 45.8k
BD1 Bard1 Life Sciences Ltd 0.03 -13.79% $31.7M 35.3M
NZC Nzuri Copper Ltd 0.3 -13.04% $88.8M 1.3M
PNX PNX METALS Ltd 0.007 -12.50% $17.0M 11.1M
SLC Superloop Ltd 1.36 -11.69% $344.5M 3.4M
GSS Genetic Signatures Ltd 1.2 -11.11% $124.8M 71.4k
RBR RBR Group Ltd 0.02 -11.11% $11.5M 2.3M
MDI Middle Island Resources Ltd 0.004 -11.11% $4.2M 129.6k
IVO Invigor Group Ltd 0.004 -11.11% $11.4M 285.0k
IDZ Indoor Skydiving Australia Gro 0.02 -11.11% $2.2M 177.0k