Tuesday. Try not to make a dog’s breakfast of it.

Coming up on Stockhead today, who’s in dairy formula right now, Tesla’s Model 3 price drop and the Aussie small cap sitting on a find that matches Rio’s Winu in every way.

But first, here’s what you need to know right now:

 

The day ahead in data

Today is all about the Reserve Bank of Australia, which is making a decision on interest rates — will they be kept stable at 1.5 per cent for the 28th consecutive month? Probably. Also coming is the ABS current account balance data, which features a heap of figures on interest, taxes, imports and exports.

 

Commodities

Gold: $US1284.96 ($1813.59) -0.45%

Silver: $US15.06 -0.72%

Oil (Brent): $US65.57 +0.61%

Oil (WTI): $US56.32 +1.15%

Coal: $US97.25 +0.78%

Iron ore 62% fe: $US85.98 -1.55%

AUD/USD: $US0.7085

 

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What got you talking yesterday

On Stockhead‘s Facebook chat forum Maggie Beer’s decision to sell the remainder of her business to Longtable Group (ASX:LON) had member Mark Snow opining: “Lol… waste of money… no wonder the price crashed today”, while a casino closure that could hurt Silver Heritage Group (ASX:SVH) was of concern to member Richard Medway: “I’m very curious as to why they’d shut down a casino… that would be a big hit for the company in question for sure, because there’s a chunk of revenue gone fast.”

These were the most-discussed stocks on trading gossip forum HotCopper at close yesterday:

Celsius Resources (ASX:CLA) shares fell 70 per cent yesterday when the company announced it would all but halt all evaluation of its Namibian project due to a languishing cobalt price.

 

 

Yesterday’s winners

Threat Protect (ASX:TPS) shares rose 33 per cent to 24c on news it had secured a $49 million funding package to complete the acquisition of a major Eastern states security alarm monitoring business, and refinance current debt facilities.

It will acquire Onwatch for $35 million.

Petratherm (ASX:PTR) shares were up 25 per cent to 4c after it announced it had secured a prospective ground position close to the operating Fosterville and Costerfield Gold Mines.

“The area contains several historic gold and other mineral prospects in areas of outcrop. Younger cover sediment however masks much of the prospective host rock and these regions have only been very lightly explored,” it said.

And Authorised Investment Fund (ASX:AIY) shares rose 38 per cent on news it had made a $7 million lowball offer for Encounter Resources (ASX:ENR), whose shares also rose, 10 per cent.

ASX code Company name Price % change Market cap Volume
VPR Volt Power Group Ltd 0.002 100% $16,500,000 250.0k
AIY Authorised Investment Fund Ltd 0.1 38% $42,100,000 1.3M
DHR Dark Horse Resources Ltd 0.004 33% $7,900,000 200.0k
POH Phosphagenics Ltd 0.004 33% $6,300,000 1.8M
SI6 Six Sigma Metals Ltd 0.004 33% $1,800,000 425.0k
AV1 AdVeritas Ltd 0.14 29% $20,400,000 1.2M
SMX Security Matters Ltd 0.46 28% $41,900,000 824.8k
ZGL Zicom Group Ltd 0.15 25% $32,600,000 520.1k
ICU iSentric Ltd 0.01 25% $2,800,000 66.7k
TPS Threat Protect Australia Ltd 0.22 25% $29,400,000 329.8k
FTT Factor Therapeutics Ltd 0.005 25% $5,200,000 1.4M
MRQ MRG Metals Ltd 0.005 25% $3,300,000 1.0M
RMG RMG Ltd 0.01 25% $6,000,000 200.0k
WBE Whitebark Energy Ltd 0.005 25% $7,100,000 4.3M
SPT Splitit Payments Ltd 1.12 23% $293,000,000 17.0M
SM8 Smart Marine Systems Ltd 0.02 22% $2,800,000 500.0k
ANO Advance NanoTek Ltd 2.82 22% $162,800,000 331.1k
PTR Petratherm Ltd 0.04 22% $6,700,000 52.0k
AZI Alta Zinc Ltd 0.01 20% $8,200,000 90.0k
CIO Connected IO Ltd 0.003 20% $5,400,000 32.5k
POW Protean Energy Ltd 0.01 20% $3,700,000 697.1k
AIR Astivita Ltd 0.09 20% $4,800,000 6.0k
RNO Rhinomed Ltd 0.18 20% $24,100,000 357.7k
MZZ Matador Mining Ltd 0.24 20% $12,900,000 119.2k
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Yesterday’s losers

As noted above, Celsius shares plummeted.

After closing on Friday at 4.7c, they fell as low as 1.4c, a 70 per cent drop and their lowest point since the company re-listed on the ASX in late 2016.

The company had been working on updating its scoping study for the project — in November last year it published a study on the large, long-life mine, but ASX rules prevented it from reporting production targets or financial metrics.

It had set shareholder expectations for the updated scoping study to arrive by the end of the March quarter, but told investors this morning it would “significantly slow” evaluation work.

ASX code Company name Last price % change Market cap Volume
CLA Celsius Resources Ltd 0.02 -60% $14,400,000 70.5M
RMP Red Emperor Resources NL 0.04 -36% $23,100,000 38.2M
VP7 Velocity Property Group Ltd 0.04 -27% $12,700,000 46.8k
LON Longtable Group Ltd 0.25 -25% $30,700,000 990.0k
PRL Petrel Energy Ltd 0.003 -25% $7,200,000 21.6M
KGM KalNorth Gold Mines Ltd 0.003 -25% $2,700,000 50.0k
EXO Ennox Group Ltd 0.003 -25% $5,300,000 215.0k
CLZ Classic Minerals Ltd 0.0015 -25% $4,100,000 2.2M
ARO Astro Resources NL 0.003 -25% $3,800,000 40.0k
DKM Duketon Mining Ltd 0.1 -23% $11,800,000 51.0k
SBR Sabre Resources Ltd 0.004 -20% $1,600,000 100.0k
RLC Reedy Lagoon Corp Ltd 0.004 -20% $1,600,000 150.0k
PVE Po Valley Energy Ltd 0.03 -20% $19,600,000 120.0k
OGX Orinoco Gold Ltd 0.004 -20% $6,400,000 4.8M
MNC Metminco Ltd 0.002 -20% $2,400,000 2.0M
BEE Broo Ltd 0.03 -20% $19,800,000 269.9k
ANL Amani Gold Ltd 0.002 -20% $6,400,000 1.9M
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That’s all you need to know. Hop to it!

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