Rise and Shine: What you need to know before the ASX opens

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On Stockhead today, how ‘phytomining’ could transform mine waste into big bucks, the substantial holders that bought & sold this week, and can Boss get Honeymoon over the line in time for a uranium boom?

But first:

The day ahead

Australian markets will get the headline data release of the week, with all-important monthly employment figures from the ABS at 11:30am (eastern time).

The median forecast is for 10,000 jobs to be added in June, with unemployment holding steady at 5.2 per cent. Westpac’s economics team expects a “pull back in participation to see u/e rate edge down” to 5.1 per cent.

Looking abroad, there’s a policy announcement from the central bank of South Korea, with economists split on whether rates will be cut or held at 1.75 per cent.

That’s followed by a raft of data out of the US with initial jobless claims, the manufacturing index and the June leading economic index.

Company news

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

Thursday:
De Grey Mining (ASX: DEG) – capital raise
Metgasco (ASX: MEL) – cost overruns reveal
High Grade Metals (ASX: HGM) – acquisition
Marquee Resources (ASX: MQR) – acquisition.

Friday:
Bod Australia (ASX: BDA) – strategic partnership
Immuron (ASX: IMC) – capital raise
St George Mining (ASX: SGQ) – capital raise
Cynata Therapeutics (ASX: CYP) – response to ASX query.

Markets

Gold: $US1,424.74 ($2,034.95) +1.49%

Silver: $US15.94 +2.46%

Oil (Brent): $US63.66 -1.076%

Oil (WTI): $US56.78 -1.46%

Coal: $US75.18

Iron ore 62pc fe: $US120.75 -1.2%

AUD/USD: $US0.7009 -0.06%

What got you talking yesterday

The top story on Stockhead yesterday was Nick Sundich’s M&A recap, which showed activity in the ASX small cap sector is up 23 per cent this year. All posts are open for discussion and comments on Stockhead’s Facebook group chat – apply to join here.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday, July 17:

Close Top 5 #MostDiscussedStocks: $LTR $GXY $MIN $SGQ $4DS #asx #ausbiz https://t.co/xOFzWmkzay

— HotCopper (@HotCopper) July 17, 2019

Yesterday’s winners

Southern Gold (ASX: SAU) led the pack early, and held most of its gains to close 36 per cent higher after announcing another “bonanza” grade gold-silver discovery at its fully-owned Deokon project in South Korea.

And it was an interesting session for telecommunications company TPC Consolidated (ASX: TPC), which has been steadily sliding in 2019 from around $1 to below 40 cents.

The company hasn’t made a market announcement since February, but today the stock rocketed higher to close at 61 cents — a gain of 52.5 per cent.

These were the best performing small-caps on the ASX for Wednesday, July 17:

Yesterday’s losers

These were the worst performing small-caps on the ASX for Wednesday, July 17:

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