Rise and Shine: What you need to know before the ASX opens
But first, here’s what you need to know right now:
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.
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.
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%
Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free
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:
— HotCopper (@HotCopper) March 13, 2019
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.
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.
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.
That’s all you need to know. Go go go!