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.

TickerNamePrice% ChgVolumeMarket Cap
MEB Medibio Ltd0.022+144.44%$5.5M75.5M
DDD 3D Resources Ltd0.002+100.00%$2.2M740.1k
OEX Oilex Ltd0.003+50.00%$7.8M500.0k
PSM Peninsula Mines Ltd0.003+50.00%$3.0M2.1M
UTR Ultracharge Ltd0.003+50.00%$3.2M56.0k
ADV Ardiden Ltd0.004+33.33%$6.7M28.8M
DRE Dreadnought Resources Ltd0.004+33.33%$4.6M500.0k
SUD Suda Pharmaceuticals Ltd0.004+33.33%$14.2M12.7M
VIC Victory Mines Ltd0.002+33.33%$2.7M183.3k
GLH Global Health Ltd0.18+28.57%$6.1M2.2k
AIY Authorised Investment Fund Ltd0.04+26.67%$16.0M362.7k
FZO Family Zone Cyber Safety Ltd0.19+26.67%$38.1M825.6k
PET Phoslock Environmental Technol1.09+25.29%$601.1M10.4M
KZR Kalamazoo Resources Ltd0.15+25.00%$13.4M290.0k
RCP Redbank Copper Ltd0.015+25.00%$1.8M50.0k
CTO Citigold Corp Ltd0.005+25.00%$10.8M1.1M
MGT Magnetite Mines Ltd0.005+25.00%$4.0M100.0k
MMR MEC Resources Ltd0.005+25.00%$2.1M81.0k
NWE Norwest Energy NL0.0025+25.00%$8.5M450.0k
SYT Syntonic Ltd0.0025+25.00%$8.2M6.7M
BOC Bougainville Copper Ltd0.13+23.81%$52.1M26.9k
IP1 Integrated Payment Technologie0.02+23.53%$6.5M864.3k

 

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.

TickerCompanyPrice ($)% ChgVolumeMarket Cap
AJC Acacia Coal Ltd0.001-50.00%$4.1M1.3M
OAR Oakdale Resources Ltd0.009-35.71%$1.9M3.5M
TSC Twenty Seven Co Ltd0.002-33.33%$2.0M38.6k
QGL Quantum Graphite Ltd0.002-33.33%$15.3M15.0k
LRS Latin Resources Ltd0.001-33.33%$3.9M25.7M
ADA Adacel Technologies Ltd0.41-31.93%$30.9M3.4M
BAS Bass Oil Ltd0.002-20.00%$5.2M5.1M
POD Podium Minerals Ltd0.07-19.57%$7.1M328
AMG Ausmex Mining Group Ltd0.1-16.52%$46.1M13.2M
JRL Jindalee Resources Ltd0.34-16.25%$11.7M600
FGO Flamingo AI Ltd0.006-14.29%$6.7M2.7M
NES Nelson Resources Ltd0.05-13.79%$2.3M45.8k
BD1 Bard1 Life Sciences Ltd0.03-13.79%$31.7M35.3M
NZC Nzuri Copper Ltd0.3-13.04%$88.8M1.3M
PNX PNX METALS Ltd0.007-12.50%$17.0M11.1M
SLC Superloop Ltd1.36-11.69%$344.5M3.4M
GSS Genetic Signatures Ltd1.2-11.11%$124.8M71.4k
RBR RBR Group Ltd0.02-11.11%$11.5M2.3M
MDI Middle Island Resources Ltd0.004-11.11%$4.2M129.6k
IVO Invigor Group Ltd0.004-11.11%$11.4M285.0k
IDZ Indoor Skydiving Australia Gro0.02-11.11%$2.2M177.0k