Rise and Shine: What you need to know before the ASX opens
It’s Friday, Friday. Gotta get down on Friday.
Coming up on Stockhead today, THC just made $815 from selling pot, an unlisted coking coal explorer pulls a $740 million bid, and what happened to all those Queensland gas takeovers?
The day ahead in data
Some big stuff out today: the Australian Industry Group releases monthly figures on manufacturing companies, the RBA releases commodity index data and CoreLogic is dropping housing data.
Expect a ton of stories on affordability in Sydney to go viral.
Company news
Three companies due to come out of a trading halt today. ELK Petroleum (ASX:ELK), with a refinancing update; Axiom Mining (ASX:AVQ), releasing a “major” financing and off-take agreement for its nickel mine in the Solomon Islands; and Silver Heritage Group (ASX:SVH) is dropping an announcement regarding its contract and operations at Phoenix International in Vietnam.
No shares coming out of escrow today.
Commodities
Gold: $US1312.59 -0.36%
Silver: $US15.59 -0.88%
Oil (Brent): $US66.09 -0.65%
Oil (WTI): $US57.09 +0.44%
Coal: $US95 +0.23%
Iron ore 62% fe: $US87.47 -0.26%
AUD/USD: $US0.7096 -0.59%
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What got you talking yesterday
This author finally got the chance to nerd out a little and use a picture from The Legend of Zelda: Breath of the Wild in a story about Zelda Therapeutics (ASX:ZLD) yesterday.
Zelda might have found way forward for treating breast cancer #asx #ausbiz $ZLD https://t.co/uafA5oC3iV
— Stockhead (@StockheadAU) February 28, 2019
Zelda is looking into adding breast cancer to its clinical lineup, and that was of interest over on the Stockhead Facebook forum, as was a story from Rueben Adams on former sex toy seller turned miner Delecta’s (ASX:DLC) financials.
These were the most-discussed stocks at close on stock gossip forum HotCopper:
Close Top 5 #MostDiscussedStocks: $GXY $AVZ $BIN $AGY $LCK #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) February 28, 2019
Stockhead also covered HotCopper’s half-year results yesterday.
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Yesterday’s winners
Shares in listed junior Atrum (ASX:ATU) rose 35 per cent yesterday to 25c, thanks to a bit of ‘nearology’: it has a neighbouring project near where an unlisted Canadian coal explorer called Riversdale Resources has one.
On Tuesday afternoon private miner Hancock Prospecting launched a sensational takeover offer for Riversdale, valuing the company at about $740 million.
Parkd (ASX:PKD) shares rose 28 per cent to 16c yesterday thanks to some new board appointments.
Parkd hired Robert Martin, a two-decade mining expert whose previous company was supposedly sold for an “an undisclosed multi-million dollar sum”, as a director.
| ASX code | Company name | Price | % change | Market cap | Volume |
|---|---|---|---|---|---|
| GLA | Gladiator Resources Ltd | 0.003 | 50% | $4,400,000 | 18.7M |
| SRO | Shareroot Ltd | 0.002 | 50% | $2,400,000 | 300.0k |
| VAL | Valor Resources Ltd | 0.003 | 50% | $5,700,000 | 6.4M |
| PAK | Pacific American Coal Ltd | 0.045 | 45% | $7,400,000 | 3.2M |
| PEC | Perpetual Resources Ltd | 0.045 | 36% | $11,200,000 | 217.0k |
| ATU | Atrum Coal Ltd | 0.25 | 35% | $86,600,000 | 13.6M |
| AFR | African Energy Resources Ltd | 0.016 | 33% | $10,000,000 | 8.5k |
| MTB | Mount Burgess Mining NL | 0.004 | 33% | $1,800,000 | 476.4k |
| PCL | Pancontinental Oil & Gas NL | 0.002 | 33% | $10,800,000 | 38.4M |
| MEY | Marenica Energy Ltd | 0.12 | 30% | $8,100,000 | 379.2k |
| PKD | Parkd Ltd | 0.16 | 28% | $12,000,000 | 192.2k |
| CIO | Connected IO Ltd | 0.0025 | 25% | $4,500,000 | 1.9M |
| PNN | PepinNini Lithium Ltd | 0.005 | 25% | $3,600,000 | 425.0k |
| QGL | Quantum Graphite Ltd | 0.0025 | 25% | $18,700,000 | 145.9k |
| XAM | Xanadu Mines Ltd | 0.14 | 22% | $90,700,000 | 3.3M |
| COY | Coppermoly Ltd | 0.006 | 20% | $10,300,000 | 259.7k |
| NAE | New Age Exploration Ltd | 0.006 | 20% | $4,300,000 | 14.5M |
| BNO | Bionomics Ltd | 0.24 | 20% | $128,000,000 | 6.4M |
| IMU | Imugene Ltd | 0.02 | 18% | $72,200,000 | 26.9M |
Yesterday’s losers
The day’s biggest loser was Victory Mines (ASX:VIC), which fell 60 per cent to 0.2c. Wednesday was the first day the company has been trading on the ASX since it was suspended on September 11 last year following a lot of questions from the ASX.
| ASX code | Company name | Last price | % change | Market cap | Volume |
|---|---|---|---|---|---|
| VIC | Victory Mines Ltd | 0.002 | -60% | $3,700,000 | 29.9M |
| GES | Genesis Resources Ltd | 0.004 | -50% | $3,100,000 | 25.0k |
| FOD | Food Revolution Group Ltd/The | 0.07 | -39% | $35,200,000 | 12.1M |
| TBH | Betmakers Holdings Ltd/The | 0.035 | -31% | $7,800,000 | 1.8M |
| UUV | UUV Aquabotix Ltd | 0.03 | -29% | $4,800,000 | 461.5k |
| FGO | Flamingo AI Ltd | 0.005 | -29% | $5,600,000 | 55.4M |
| PPL | Pureprofile Ltd | 0.025 | -29% | $2,800,000 | 8.1M |
| ST1 | Spirit Telecom Ltd | 0.1 | -28% | $28,200,000 | 387.2k |
| RMG | RMG Ltd | 0.008 | -27% | $4,800,000 | 456.8k |
| DHR | Dark Horse Resources Ltd | 0.003 | -25% | $5,900,000 | 8.0M |
| OAR | Oakdale Resources Ltd | 0.015 | -25% | $1,000,000 | 110.2k |
| KNM | KneoMedia Ltd | 0.018 | -22% | $11,800,000 | 1.1M |
| MIL | Millennium Services Group Ltd | 0.18 | -22% | $8,500,000 | 1.4M |
| WML | Woomera Mining Ltd | 0.033 | -21% | $3,700,000 | 482.9k |
| WBE | Whitebark Energy Ltd | 0.004 | -20% | $6,300,000 | 3.5M |
| THD | Thred Ltd | 0.002 | -20% | $4,500,000 | 2.8M |
| SPX | Spectrum Metals Ltd | 0.004 | -20% | $4,200,000 | 2.0M |
| LSR | Lodestar Minerals Ltd | 0.008 | -20% | $6,000,000 | 450.0k |
| FTT | Factor Therapeutics Ltd | 0.004 | -20% | $4,200,000 | 233.5k |
That’s all you need to know. Here comes the weekend.
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