On Stockhead today, we take a close look at why once-loved buy now, pay later stocks are taking a dive, Tim Treadgold offers some insight into when lithium investors can expect to see some light at the end of the tunnel, and one venture capital fund thinks food innovation is where the real money can be made.

But first:

The day ahead

Australia will get an update on the business outlook with the release of NAB’s monthly business survey at 11:30am AEST. After slumping sharply in the first half of the year, sentiment has improved in the wake of the federal election.

Overseas, the Malaysian central bank will make its policy announcement (expected to hold at 3 per cent) while US federal reserve committee members Bullard and Bostic will speak at an event at Washington University.

Company news

The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:

Tuesday:
Altura Mining (ASX:AJM) – offtake agreement
Intermin Resources (ASX:IRC) – divestment
Cycliq Group (ASX:CYQ) – funding discussions
Kingwest Resources (ASX:KWR) – project acquisition
Immutep (ASX:IMM) – capital raising
Memphasys (ASX:MEM) – capital raising
Cogstate (ASX:CGS) – capital raising

Wednesday:
Legend Mining (ASX:LEG) – capital raise & new JV agreement
Liontown Resources (ASX:LTR) – updated mineral resource estimate
UUV Aquabotix (ASX:UUV) – capital raising
Koppar Resources (ASX:KRX) – acquisition
Dacian Gold (ASX:DCN) – FY guidance and updated life of mine plan
Digital Wine Ventures (ASX:DW8) – logistics partnership

Markets

Gold: $US1,395.09 ($2,000.59) +0.07%

Silver: $US15.25 -0.55%

Oil (Brent): $US63.92 -0.68%

Oil (WTI): $US57.55 -0.63%

Coal: $US69.50 -0.57%

Iron ore 62pc fe: $US117.75 +3.1%

AUD/USD: $US0.6974 +0.05%

What got you talking yesterday

There was the usual diverse range of coverage on Stockhead’s Facebook group chat, ranging from Morgans’ best small-cap mining picks to a useful summary of ASX companies based in the US (it was July 4th last week after all).

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday, July 8:

Yesterday’s winners

Investment company Mariner Corp (ASX:MCX) closed 85 per cent higher at 4c after announcing a $2.4m capital raising on Friday via a share placement, along with a restructure of its debt.

Lindian Resources (ASX:LIN) made a significant bauxite discovery and its up 36 per cent.

Software plays 8Common (ASX:8CO) and Vault Intelligence (ASX:VLT) have surged 19 per cent and 33 per cent respectively on strong revenue figures.

Here are the best performing ASX small cap stocks for Monday, July 8:

TickerNamePrice% ChgVolumeMarket Cap
SROShareroot Ltd0.002+100.00%9.0M$4.1M
MCXMariner Corp Ltd0.04+85.00%11.9k$508K
DDD3D Resources Ltd0.0015+50.00%120.0k$1.7M
GGXGas2Grid Ltd0.003+50.00%400.0k$5.2M
PCHProperty Connect Holdings Ltd0.003+50.00%100.0k$2.1M
ENREncounter Resources Ltd0.1+38.03%658.5k$25.7M
LINLindian Resources Ltd0.015+36.36%12.4M$5.7M
RMGRMG Ltd0.012+33.33%300.0k$8.4M
CADCaeneus Minerals Ltd0.002+33.33%2.1M$4.3M
DREDreadnought Resources Ltd0.004+33.33%1.0M$5.3M
MLSMetals Australia Ltd0.002+33.33%10.0M$5.9M
MSRManas Resources Ltd0.004+33.33%160.0k$10.6M
VARVariscan Mines Ltd0.002+33.33%18.4M$2.5M
RFGRetail Food Group Ltd0.22+29.41%7.3M$40.2M
MCTMetalicity Ltd0.009+28.57%1.3M$5.6M
WLDWellard Ltd0.04+27.59%914.1k$19.7M
4CEForce Commodities Ltd0.014+27.27%4.6M$6.5M
SITSite Group International Ltd0.03+25.93%220.0k$23.5M
TKLTraka Resources Ltd0.0015+25.00%571.0k$5.6M
HORHorseshoe Metals Ltd0.01+25.00%126.9k$1.9M
MGTMagnetite Mines Ltd0.005+25.00%800.0k$4.0M
NORNorwood Systems Ltd0.005+25.00%3.5M$10.4M
NWENorwest Energy NL0.0025+25.00%1.2M$8.5M

Yesterday’s losers

It was a rough day for Carnarvon Petroleum (ASX:CVN), which announced drilling results from its offshore oil project in WA that showed its well did not contain any produceable hydrocarbons.

Here are the worst performing ASX small cap stocks for Monday, July 8:

TickerCompanyPrice ($)% ChgVolumeMarket Cap
KGDKula Gold Ltd0.0013-69.77%$764K1.5M
SHKStone Resources Australia Ltd0.001-50.00%$812K44.5k
GPPGreenpower Energy Ltd0.001-50.00%$1.9M200.0k
PKOPeako Ltd0.0013-45.83%$1.0M10.1k
LKOLakes Oil NL0.004-33.33%$33.3M80.2M
AJCAcacia Coal Ltd0.004-33.33%$4.1M100.0k
FRXFlexiroam Ltd0.013-27.78%$3.1M248.0k
VICVictory Mines Ltd0.0015-25.00%$2.0M1.9M
PNRPantoro Ltd0.17-23.26%$177.5M22.4M
AONApollo Minerals Ltd0.05-22.58%$8.1M208.8k
CVNCarnarvon Petroleum Ltd0.46-21.55%$614.6M36.5M
SRHSaferoads Holdings Ltd0.19-20.83%$6.9M12.5k
QFYQuantify Technology Holdings0.004-20.00%$4.6M21.7M
LCYLegacy Iron Ore Ltd0.004-20.00%$5.9M1.2M
DTRDateline Resources Ltd0.004-20.00%$16.3M2.4M
CM8Crowd Media Holdings Ltd0.02-20.00%$3.9M2.6M
ANLAmani Gold Ltd0.002-20.00%$10.4M16.0M
REZResources & Energy Group Ltd0.05-18.18%$13.6M335.3k
CMMCapricorn Metals Ltd0.12-17.24%$125.4M20.1M