Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, mining services has had a good 2019 and one expert gives his perspective on what’s to come, November’s top 10 oil & gas small caps and this week’s Wildcatter podcast on hunting for black gold in Australia’s Bonaparte Gulf.
But first…
The day ahead
Today the Reserve Bank meets for the final time this year. It is anticipated to leave rates on hold. Also the Australian Bureau of Statistics will release net exports of GDP and the current account balance for the September quarter.
The following companies are in trading halts and are expected to exit in the next 48 hours:
Tuesday:
Mach7 Techologies (ASX:M7T) – capital raising
Dimerix (ASX:DXB) – capital raising
IMF Bentham (ASX:IMF) – response to court ruling
Legacy Iron Ore (ASX:LCY) – capital raising
Triton Minerals (ASX:TON) – completion of subscription agreement
Resource Generation (ASX:RES) – project funding
Murray River Organics (ASX:MRG) – capital management initiatives
Vonex (ASX:VN8) – announcement
Wednesday:
Viva Leisure (ASX:VVA) – capital raise
Chase Mining (ASX:CML) – assay results
MRG Metals (ASX:MRQ) – capital raising
Adslot (ASX:ADJ) – capital raising
Eon NRG (ASX:E2E) – well analysis
Red Emperor Resources (ASX:RMP) – acquisition
Centaurus Metals (ASX:CTM) – assay results
Orthocell (ASX:OCC) – capital raising
Aguia Resources (ASX:AGR) – capital raising
Armour Energy (ASX:AJQ) – farm-in transaction update
Global Vanadium (ASX:GLV) – clarification of project sale terms
THC Global (ASX:THC) – cannabis production update
Markets
Gold: $US1,464.55 ($2,150.82) (-0.08%)
Silver: $US16.93 (-0.74%)
Oil (WTI): $US55.84 (+0.80%)
Oil (Brent): $US60.76 (+0.53%)
Coal: $70.65 (-1.88%)
Iron 62pc Fe: $84.68 (+0.31%)
AUD/USD: $0.6823 (+0.90%)
Bitcoin: $US7,299.92 (-0.88%)
What got you talking yesterday
Liontown Resources (ASX:LTR), one of the few lithium stocks that’s had a good 2019, released its pre-feasibility study and it got the most attention from our Twitter followers.
A lithium mine at Kathleen Valley could net Liontown $1.94 billion in free cashflow over an initial 26-year mine life #asx #ausbiz #batterymetals #mining #lithium #ltr #vul https://t.co/ocCLwEI8Wo
— Stockhead (@StockheadAU) December 2, 2019
We have a small and micro cap chat group on Facebook. Join here for a recap of our best stories and plenty of small cap discussion.
These were the most tipped stocks (weekly) on Stocks in Play:
Yesterday’s winners
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| ACP | Audalia Resources Ltd | 0.006 | +100.00% | $3.9M | 175.0k |
| ARO | Astro Resources NL | 0.002 | +100.00% | $2.5M | 1.4M |
| SUR | Sun Resources NL | 0.002 | +100.00% | $2.6M | 500.0k |
| QFY | Quantify Technology Holdings Ltd | 0.006 | +50.00% | $9.0M | 88.2M |
| CXU | Cauldron Energy Ltd | 0.03 | +38.89% | $8.2M | 100.0k |
| AVE | Avecho Biotechnology Ltd | 0.004 | +33.33% | $6.3M | 500.0k |
| IKW | Ikwezi Mining Ltd | 0.004 | +33.33% | $16.3M | 125.0k |
| MTB | Mount Burgess Mining NL | 0.004 | +33.33% | $2.1M | 736.7k |
| SMI | Santana Minerals Ltd | 0.004 | +33.33% | $2.7M | 250.0k |
| BPL | Broken Hill Prospecting Ltd | 0.03 | +28.57% | $4.5M | 2.2M |
| MRR | Minrex Resources Ltd | 0.014 | +27.27% | $1.3M | 50.0k |
| RD1 | Registry Direct Ltd | 0.02 | +26.67% | $3.3M | 30.0k |
| ANL | Amani Gold Ltd | 0.0025 | +25.00% | $15.1M | 234.9M |
| CTO | Citigold Corp Ltd | 0.005 | +25.00% | $12.0M | 1.1M |
| GGX | Gas2Grid Ltd | 0.005 | +25.00% | $6.3M | 225.0k |
| MSR | Manas Resources Ltd | 0.0025 | +25.00% | $6.6M | 600.0k |
| WRM | White Rock Minerals Ltd | 0.005 | +25.00% | $9.2M | 1.8M |
| ENT | Enterprise Metals Ltd | 0.011 | +22.22% | $5.0M | 37.5M |
| JRL | Jindalee Resources Ltd | 0.31 | +21.57% | $11.9M | 31.2k |
| RAG | Ragnar Metals Ltd | 0.006 | +20.00% | $1.9M | 450.0k |
Yesterday’s losers
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| SYT | Syntonic Ltd | 0.001 | -50.00% | $3.5M | 6.8M |
| MLS | Metals Australia Ltd | 0.001 | -33.33% | $3.2M | 5.5M |
| ECT | Environmental Clean Technologies | 0.001 | -33.33% | $4.8M | 8.5M |
| BPH | BPH Energy Ltd | 0.001 | -33.33% | $3.6M | 2.1M |
| APG | Austpac Resources NL | 0.002 | -33.33% | $5.8M | 3.9M |
| NSX | NSX Ltd | 0.14 | -30.00% | $27.2M | 94.7k |
| FTC | FinTech Chain Ltd | 0.12 | -28.12% | $74.8M | 1.1M |
| CPH | Creso Pharma Ltd | 0.14 | -27.50% | $25.1M | 21.2M |
| SI6 | Six Sigma Metals Ltd | 0.003 | -25.00% | $1.9M | 142.5k |
| PBX | Pacific Bauxite Ltd | 0.003 | -25.00% | $1.2M | 1.0M |
| NOR | Norwood Systems Ltd | 0.003 | -25.00% | $6.5M | 2.5M |
| DDD | 3D Resources Ltd | 0.0015 | -25.00% | $1.7M | 3.0M |
| ANW | Aus Tin Mining Ltd | 0.0015 | -25.00% | $3.8M | 9.4M |
| DRE | Dreadnought Resources Ltd | 0.006 | -25.00% | $10.3M | 5.3M |
| XST | XState Resources Ltd | 0.002 | -20.00% | $2.3M | 900.0k |
| MRD | Mount Ridley Mines Ltd | 0.002 | -20.00% | $5.4M | 2.0M |
| DDT | DataDot Technology Ltd | 0.008 | -20.00% | $6.4M | 438.6k |
| BMG | BMG Resources Ltd | 0.004 | -20.00% | $2.3M | 1.1M |
| MTH | Mithril Resources Ltd | 0.008 | -20.00% | $3.9M | 2.4M |
