Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the prospects for mining services companies are looking good in 2020, Dr Nigel Finch puts EdTech under the magnifying glass in our inaugural StockDoc podcast and one fund is promising 7 per cent returns for solar power investments.
This week in economic data begins with the Melbourne Institute’s monthly and yearly inflation gauges for December. On Tuesday we’ll see ANZ-Roy Morgan’s weekly consumer confidence index.
On Thursday, the RBA is releasing forex transactions as well as housing loan data (both owner occupier and investor). Finally on Friday, Bloomberg will release its monthly economic survey.
The following companies are in trading halts and are expected to exit in the next 48 hours:
Consolidated Zinc (ASZ:CZL) – mining contractor update
Anglo Australian Resources (ASX:AAR) – capital raising
Quantify Technology Holdings (ASX:QFY) – capital raising
Challenger Exploration (ASX:CEL) – capital raising
Austar Gold (ASX:AUL) – capital raising
Prospect Resources (ASX:PSC) – capital raising
Coziron Resources (ASX:CZR) – assay results
New World Resources (ASX:NWC) – project acquisition
Gold: $US1,560.30 ($2,262.29) (+0.55%)
Silver: $US18.05 (+0.69%)
Oil (WTI): $US59.08 (-0.78%)
Oil (Brent): $US65.02 (-0.48%)
Coal: $US74.12 (+4.10%)
Iron 62pc Fe: $US93.56 (-0.02%)
AUD/USD: $US0.6897 (-0.06%)
Bitcoin: $US8,128.38 (-0.19%)
Last week’s biggest talking point on Twitter was Lake Resources (ASX:LKE). It confirmed its disruptive lithium brine processing tech really does make battery-grade lithium.
Lake soared +60% after confirming its disruptive lithium brine processing tech really works; and Argosy has received official approval to develop an initial ~2000-tonne-per-annum (tpa) operation at Rincon $LKE $AGY #ASX #ausbiz #battery metals https://t.co/BtCmnaFhTg
— Stockhead (@StockheadAU) January 9, 2020
We have a Facebook Small and Micro cap chat group. If you’re not already a member we’d love to have you join – which you can do here.
These were the most tipped stocks (weekly) on Stocks in Play: