On Stockhead today, why India isn’t China, the fake news behind lithium’s fall, and how men and women invest differently in ethical stocks.

But first here’s what you need to know

The day ahead

Today is the second day of Diggers and Dealers. Reuben Adams is still there covering the action and here is his Day 2 preview.

Back east, the RBA will be meeting today. While there’s little to no chance the board will cut interest rates again it is always fascinating to observe its commentary.

Also keep an eye on the ABS’ international trade data and ANZ’s update on job advertisements. CommSec told its clients it, “expect[s] a bumper trade surplus of $6 billion in July”.

Felt burnt out by quarterly season? Well now it’s full year earnings season, although at least results will gradually trickle in over the next few weeks instead of all coming through over two days.

Releasing full year earnings today is Zenith Energy (ASX: ZEN). Previous guidance has estimated its earnings between $24.5 million and $26.5 million.

Company news:

The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Oakdale Resources (ASX: OAR) – capital raising
Rumble Resources (ASX: RTR) – acquisition
MGM Wireless (ASX: MWR) – distribution agreement

MRG Metals (ASX: MRQ) – capital raise
Opthea (ASX: OPT) – clinical trial results
Winchester Energy (ASX: WEL) – capital raise
Redbank Copper (ASX: RCP) – results of company review
Sun Resources (ASX: SUR) – capital raise
Sequoia Financial Group (ASX: SEQ) – capital raise
Blackstone Minerals (ASX: BSX) – exploration results


Gold: $US1,464.29 ($2,166.12) +1.63%

Silver: $US16.35 +1.11%

Oil (Brent): $US59.91 -2.99%

Oil (WTI): $US54.89 -1.19%

Coal: $US73.95 -1.27%

Iron ore 62pc fe: $US106.51 -4.92%

AUD/USD: $US0.6758 +0.03%

What got you talking yesterday

Yesterday in our Small Cap Facebook group (apply to join here) members were keen on Medlab Clinical (ASX: MDC). Yesterday it signed a Heads of Agreement with a US manufacturer to enter the market.

These were the five most discussed stocks among ASX investors on Monday August 5:

$FMG – Fortescue Metals

$ADN – Andromeda Metals

$GXY – Galaxy Resources

$LYC – Lynas Corp

$BRU  – Buru Energy

Yesterday’s winners

Yesterday the ASX Small Ords lost nearly 2.5 per cent, the biggest drop in nine-and-a-half months. But there were still some winners yesterday.

One was Golden Rim Resources (ASX: GMR), closing 73 per cent higher than Friday with some spectacular results.

Code Name Price % Chg Market Cap Volume
APG Austpac Resources NL 0.002 +100.00% $5.8M 250.0k
VIC Victory Mines Ltd 0.002 +100.00% $2.7M 8.8M
GMR Golden Rim Resources Ltd 0.019 +72.73% $14.7M 96.7M
LKO Lakes Oil NL 0.003 +50.00% $50.0M 1.8M
PSM Peninsula Mines Ltd 0.0015 +50.00% $3.0M 1.1M
DDT DataDot Technology Ltd 0.007 +40.00% $5.7M 2.5M
ANL Amani Gold Ltd 0.004 +33.33% $20.9M 11.5M
GBZ GBM Resources Ltd 0.004 +33.33% $4.4M 130.0k
AUC Ausgold Ltd 0.02 +28.57% $14.3M 2.8M
NXE New Energy Minerals Ltd 0.03 +25.00% $3.8M 44.0k
BUY Bounty Oil & Gas NL 0.005 +25.00% $4.8M 2.5M
CZN Corazon Mining Ltd 0.0025 +25.00% $4.1M 2.0M
ELT Elementos Ltd 0.005 +25.00% $7.7M 1.4M
MMR MEC Resources Ltd 0.005 +25.00% $2.1M 50.0k
QGL Quantum Graphite Ltd 0.0025 +25.00% $19.2M 22.5M
VAL Valor Resources Ltd 0.005 +25.00% $9.5M 1.1M
A1G African Gold Ltd 0.15 +20.00% $8.3M 61.0k
BLY Boart Longyear Ltd 0.006 +20.00% $157.8M 3.8M
BNL Big Star Energy Ltd 0.006 +20.00% $2.8M 2.0M
MSM MSM Corp International Ltd 0.012 +20.00% $10.0M 3.4M
SMD Syndicated Metals Ltd 0.006 +20.00% $4.0M 121.9k
TSC Twenty Seven Co Ltd 0.012 +20.00% $6.0M 19.7M
BCN Beacon Minerals Ltd 0.04 +20.00% $110.4M 55.5M
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Yesterday’s losers

Code Name Price % Chg Market Cap Volume
AYM Australia United Mining Ltd 0.001 -50.00% $1.8M 300.0k
THD Thred Ltd 0.001 -33.33% $1.8M 1.2M
GLV Global Vanadium Ltd 0.002 -33.33% $5.7M 833.3k
CAD Caeneus Minerals Ltd 0.001 -33.33% $2.1M 550.0k
SBR Sabre Resources Ltd 0.006 -25.00% $2.4M 95.8M
RNX Renegade Exploration Ltd 0.003 -25.00% $2.1M 666.3k
NWE Norwest Energy NL 0.003 -25.00% $10.1M 3.1M
NAE New Age Exploration Ltd 0.003 -25.00% $2.7M 250.0k
LCY Legacy Iron Ore Ltd 0.003 -25.00% $4.4M 231.5k
CLZ Classic Minerals Ltd 0.003 -25.00% $6.3M 44.9M
BNR Bulletin Resources Ltd 0.02 -24.14% $3.9M 130.0k
TRM Truscott Mining Corp Ltd 0.007 -22.22% $825K 150.0k
OVL Oro Verde Ltd 0.007 -22.22% $12.3M 22.8M
RNE ReNu Energy Ltd 0.03 -20.00% $3.4M 1.0M
DAF Discovery Africa Ltd 0.012 -20.00% $2.2M 69.2k
YPB YPB Group Ltd 0.008 -20.00% $7.3M 10.1M
SYT Syntonic Ltd 0.002 -20.00% $6.7M 223.0k
OEX Oilex Ltd 0.002 -20.00% $5.2M 500
NSE New Standard Energy Ltd 0.004 -20.00% $3.3M 300.0k
ETE Entek Energy Ltd 0.008 -20.00% $3.9M 606.9k
AAJ Aruma Resources Ltd 0.004 -20.00% $2.6M 1.2M
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That’s all you need to know. Let the day begin.