Rise and Shine: What you need to know before the ASX opens
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It’s Friday, Friday. Gotta get down on Friday.
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.
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.
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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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.
— 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:
— HotCopper (@HotCopper) February 28, 2019
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.
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.
That’s all you need to know. Here comes the weekend.