Coming up on Stockhead today, five red flags banks look for before they invest in a mining project, has Blackstone found its ‘licence to print money’, and this week’s substantial holder movements.

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

 

The day ahead in data

Not a great deal today – Melbourne Institute is putting out consumer inflation expectations, while the ABS has data on industrial disputes, corrective services and household and family projections.

 

Company news

Marquee Resources (ASX:MQR) has 17 million shares coming out of escrow today, while Novatti (ASX:NOV) is due out of a trading halt with news of a capital raising.

 

Commodities

Gold: $US1307.43 ($1,842.91) +0.64%

Silver: $US15.49 +0.13%

Oil (Brent): $US67.51 +1.45%

Oil (WTI): $US58.31 +2.60%

Coal: $US92.50 +0.60%

Iron ore 62% fe: $US85.31 +0.92%

AUD/USD: $US0.7095

 

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What got you talking yesterday

The iconic Yowie chocolates were of interest on the Stockhead Facebook chat forum yesterday.

Keybridge Capital (ASX:KBC) lobbed a $20 million takeover bid for Yowie (ASX:YOW), but Yowie responded that the offer was rubbish.

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

88 Energy (ASX:88E) and Red Emperor (ASX:RMP) were among the stocks to lose value after 88’s Alaskan well proved to be a dud.

 

 

Yesterday’s winners

Yowie was one of them, rising 21 per cent to 9c.

Strike Resources (ASX:SRK) rose 33 per cent to 6c after it acquired a 90 per cent interest in the “highly prospective” Solaroz Lithium Brine Project, supposedly within South America’s ‘Lithium Triangle’ in north-west Argentina.

It is targeting a fast-track exploration program to test geological model for production of lithium carbonate from brine extracted from bore fields.

FYI Resources (ASX:FYI) was also a winner after announcing it had produced alumina of 99.999 per cent purity, which pushed shares up 27 per cent to 7c.

Mr Hill told Stockhead FYI could make “as much or as little as we’d like” of the 5N product from its kaolin.

ASX code Company Name Price Percentage Change Market Cap Volume
SRK Strike Resources Ltd/Australia 0.07 64% $10,000,000 1.5M
AVW Avira Resources Ltd 0.003 50% $3,000,000 3.3M
AYR Alloy Resources Ltd 0.003 50% $4,700,000 16.9M
THD Thred Ltd 0.003 50% $5,400,000 4.0M
AWV Anova Metals Ltd 0.02 45% $9,600,000 29.9M
AMG Ausmex Mining Group Ltd 0.14 40% $55,700,000 5.5M
GBZ GBM Resources Ltd 0.008 33% $8,700,000 650.0k
T3D 333D Ltd 0.002 33% $1,800,000 589.5k
UWL Uniti Wireless Ltd 0.22 29% $22,600,000 732.8k
IVR Investigator Resources Ltd 0.014 27% $10,400,000 2.6M
SKN Skin Elements Ltd 0.03 27% $4,000,000 1.2M
KMT Kopore Metals Ltd 0.015 25% $8,100,000 2.1M
AUL Austar Gold Ltd 0.005 25% $17,000,000 1.7M
AZI Alta Zinc Ltd 0.005 25% $7,900,000 2.3M
TMX Terrain Minerals Ltd 0.005 25% $3,200,000 1.0M
TGN Tungsten Mining NL 0.34 23% $240,500,000 759.1k
YOW Yowie Group Ltd 0.09 21% $18,500,000 6.5M
GPP Greenpower Energy Ltd 0.003 20% $4,700,000 500.0k
NVO NVOI Ltd 0.006 20% $4,700,000 9.5M
FYI FYI Resources Ltd 0.07 20% $13,000,000 932.8k
CAF Centrepoint Alliance Ltd 0.12 20% $17,900,000 258.8k
AQX Alice Queen 0.012 20% $7,800,000 281.5k
CIO Connected IO 0.003 20% $5,400,000 5.0M
COY Coppermoly 0.006 20% $10,300,000 1.1M
EVE EVE Investments 0.006 20% $13,900,000 41.7M
PCL Pancontinental Oil & Gas 0.003 20% $16,200,000 4.8M
WRM White Rock Minerals 0.006 20% $9,800,000 1.8M
PKD Parkd 0.18 20% $13,500,000 13.3k
FIJ Fiji Kava 0.12 20% $8,400,000 27.8k

 

Yesterday’s losers

It was all about that Winx-1 Alaskan oil well.

Provisional results indicate there is not much oil in a section of the geology, the Nanushuk Topsets, which they’d suspected had the most potential; read the full account here.

88 Energy, the operator, dropped as much as 48 per cent to 1.3c.

Co-owner Red Emperor Resources (ASX:RMP) suffered the most with an 82 per cent plunge to 1.8c.

And Otto Energy (ASX:OEL), which told Stockhead last week Winx was a legacy asset and not core to their portfolio, was still punished by 17 per cent to touch a low of 5.4c.

ASX code Company Name Price Percentage Change Market Cap Volume
RMP Red Emperor Resources NL 0.021 -79% $10,500,000 172.8M
88E 88 Energy Ltd 0.016 -36% $95,000,000 184.3M
SRO Shareroot Ltd 0.001 -33% $1,600,000 8.4M
GLN Galan Lithium Ltd 0.29 -28% $33,200,000 5.3M
PNN PepinNini Lithium Ltd 0.003 -25% $2,500,000 198.0k
MRD Mount Ridley Mines Ltd 0.002 -25% $3,500,000 200.0k
LRS Latin Resources Ltd 0.002 -25% $4,900,000 14.0M
ARO Astro Resources NL 0.003 -25% $3,800,000 447.2k
IPB IPB Petroleum Ltd 0.04 -23% $7,200,000 2.9M
MPR MPower Group Ltd 0.03 -23% $4,600,000 746.6k
TDL TBG Diagnostics Ltd 0.04 -20% $8,700,000 5.8k
REF Reverse Corp Ltd 0.02 -20% $1,900,000 557.5k
MRR Minrex Resources Ltd 0.012 -20% $1,200,000 306.6k
WBE Whitebark Energy Ltd 0.004 -20% $6,300,000 11.8M
ROG Red Sky Energy Ltd 0.002 -20% $1,600,000 322.6k
OGX Orinoco Gold Ltd 0.004 -20% $5,700,000 2.3M
SPT Splitit Payments Ltd 1.3 -20% $341,800,000 27.8M
MBM Mobecom Ltd 0.11 -19% $24,500,000 51.2k
BGS Birimian Ltd 0.16 -18% $43,600,000 2.7M

 

That’s all you need to know. Go go go!