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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 codeCompany NamePricePercentage ChangeMarket CapVolume
SRK Strike Resources Ltd/Australia0.0764%$10,000,0001.5M
AVW Avira Resources Ltd0.00350%$3,000,0003.3M
AYR Alloy Resources Ltd0.00350%$4,700,00016.9M
THD Thred Ltd0.00350%$5,400,0004.0M
AWV Anova Metals Ltd0.0245%$9,600,00029.9M
AMG Ausmex Mining Group Ltd0.1440%$55,700,0005.5M
GBZ GBM Resources Ltd0.00833%$8,700,000650.0k
T3D 333D Ltd0.00233%$1,800,000589.5k
UWL Uniti Wireless Ltd0.2229%$22,600,000732.8k
IVR Investigator Resources Ltd0.01427%$10,400,0002.6M
SKN Skin Elements Ltd0.0327%$4,000,0001.2M
KMT Kopore Metals Ltd0.01525%$8,100,0002.1M
AUL Austar Gold Ltd0.00525%$17,000,0001.7M
AZI Alta Zinc Ltd0.00525%$7,900,0002.3M
TMX Terrain Minerals Ltd0.00525%$3,200,0001.0M
TGN Tungsten Mining NL0.3423%$240,500,000759.1k
YOW Yowie Group Ltd0.0921%$18,500,0006.5M
GPP Greenpower Energy Ltd0.00320%$4,700,000500.0k
NVO NVOI Ltd0.00620%$4,700,0009.5M
FYI FYI Resources Ltd0.0720%$13,000,000932.8k
CAF Centrepoint Alliance Ltd0.1220%$17,900,000258.8k
AQX Alice Queen 0.01220%$7,800,000281.5k
CIO Connected IO 0.00320%$5,400,0005.0M
COY Coppermoly 0.00620%$10,300,0001.1M
EVE EVE Investments 0.00620%$13,900,00041.7M
PCL Pancontinental Oil & Gas0.00320%$16,200,0004.8M
WRM White Rock Minerals 0.00620%$9,800,0001.8M
PKD Parkd 0.1820%$13,500,00013.3k
FIJ Fiji Kava 0.1220%$8,400,00027.8k

 

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 codeCompany NamePricePercentage ChangeMarket CapVolume
RMP Red Emperor Resources NL0.021-79%$10,500,000172.8M
88E 88 Energy Ltd0.016-36%$95,000,000184.3M
SRO Shareroot Ltd0.001-33%$1,600,0008.4M
GLN Galan Lithium Ltd0.29-28%$33,200,0005.3M
PNN PepinNini Lithium Ltd0.003-25%$2,500,000198.0k
MRD Mount Ridley Mines Ltd0.002-25%$3,500,000200.0k
LRS Latin Resources Ltd0.002-25%$4,900,00014.0M
ARO Astro Resources NL0.003-25%$3,800,000447.2k
IPB IPB Petroleum Ltd0.04-23%$7,200,0002.9M
MPR MPower Group Ltd0.03-23%$4,600,000746.6k
TDL TBG Diagnostics Ltd0.04-20%$8,700,0005.8k
REF Reverse Corp Ltd0.02-20%$1,900,000557.5k
MRR Minrex Resources Ltd0.012-20%$1,200,000306.6k
WBE Whitebark Energy Ltd0.004-20%$6,300,00011.8M
ROG Red Sky Energy Ltd0.002-20%$1,600,000322.6k
OGX Orinoco Gold Ltd0.004-20%$5,700,0002.3M
SPT Splitit Payments Ltd1.3-20%$341,800,00027.8M
MBM Mobecom Ltd0.11-19%$24,500,00051.2k
BGS Birimian Ltd0.16-18%$43,600,0002.7M

 

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