Rise and Shine: What you need to know before the ASX opens
Link copied to
Ahoy there! On Stockhead today, why marijuana is a better bet than hemp, how to buy a piece of your own bar in Sydney, and what to look for in all that blah about battery metals projects.
Westpac is dropping its Consumer Confidence and Consumer Sentiment surveys around 10:30am EST.
In January, it said 2018’s “cautiously optimistic” consumer mood had evaporated, “with sentiment beginning the new year with a slightly pessimistic view”.
Gold: $US1301.79 ($1,838.13) +0.59%
Silver: $US15.44 +0.80%
Oil (Brent): $US66.87 +0.27%
Oil (WTI): $US56.95 +0.58%
Coal: $US92.60 +0.71%
Iron ore 62% fe: $US84.53 -0.73%
Three companies are due out of trading halts today – Threat Protect (ASX:TPS) with a rights issue prospectus, Antisense Therapeutics (ASX:ANP) with a capital raising announcement, and Equus Mining (ASX:EQE) over a drilling permit for its Los Domes gold-silver project.
Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free
Parkd (ASX:PKD) has made first cash from its first car park – sending its share price up 20c to 18c for the day.
A Perth Subaru dealership will pay $690,000 for the pilot car park the ASX company finished in August last year.
Parkd built the 49 bay car park out of its own pocket for the Subaru dealer’s exclusive, and free, use for six months from practical completion.
During that period the dealership had an option to buy the car park, and if they didn’t Parkd would remove it at no cost.
The dealership scraped in at the very end of the six-month period with the purchase.
Cobalt explorer Berkut Minerals (ASX:BMT) is changing focus, buying a historic high grade gold mine in Queensland.
The news was a hit, with the share price jumping 28 per cent to 13c for the day.
Berkut is buying some tenements including the historical high-grade Tick Hill project which it calls “one of Australia’s highest grade and most profitable gold mines”.
Tick Hill produced 511,000 ounces at 22.5 grams per tonne gold (that’s high grade) to a depth of 235m between 1991 until 1995, but has been largely unexplored over the past 20 years.
But yesterday’s gains were led by the tiny Tamaska Oil & Gas (ASX: TMK) and VDM Group (ASX:VDM) which posted 100 per cent increases to 0.2c cents a share, despite the absence of any market updates.
(Tamaska moved office in February, but that’s about it.)
It was mostly micro caps getting trounced yesterday on no news, like poor old Classic Minerals (ASX:CLZ), RMG (ASX:RMG), and Alloy Resources (ASX:AYR).
After falling 20 per cent on Monday, Galan Lithium (ASX:GLN) continued tumbling, down 17 per cent to 41c for the day, on no news.
Just last week these guys got a speeding ticket from the ASX when it went from 51c to 67c over the course of a day. Again, on no news.