Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, one investor says China can grow a business 5-10x faster than Australia, a new Australian government investment fund could cut retail investors’ grass and pesky termites are proving useful in finding nickel and cobalt.
In economic data, keep your eye out for construction work done for the fourth quarter. Economists surveyed expect a slight decline of 0.8 per cent.
The following companies are in trading halts and are expected to exit in the next two trading days:
Titomic (ASX:TTT) – capital raising
Strandline Resources (ASX:STA) – capital raising
Nusantara Resources (ASX:NUS) – financing term sheet update
De Grey Mining (ASX:DEG) – exploration update
Enterprise Metals (ASX:ENT) – potential new project
Protean Energy (ASX:POW) – energy licensing agreement
Marmota (ASX:MEU) – drilling results
Classic Minerals (ASX:CLZ) – drilling results
Alto Metals (ASX:AME) – exploration results
Meteoric Resources (ASX:MEI) – assay results
Decmil Group (ASX:DCG) – NZ Department of corrections update
NetLinkz (ASX:NET) – capital raising
Gold: $US1,642.02 ($2,489.49) (-1.28%)
Silver: $US18.05 (-3.29%)
Oil (WTI): $US49.79 (-3.17%)
Oil (Brent): $US54.75 (-2.91%)
Coal: $US66.42 (-0.52%)
Iron 62pc Fe: $US86.56 (+0.16%)
AUD/USD: $US0.6596 (-0.14%)
Bitcoin: $US9,288.91 (-3.33%)
One of last year’s best performing explorers was Stavely Minerals (ASX:SVY), which previously reported a 40 per cent copper hit. Yesterday the company made another big hit.
— Stockhead (@StockheadAU) February 25, 2020
While our markets recovered from intraday lows, it has been a dour start to the week. Our Facebook Small and Micro cap chat group discussed how to respond to this. If you’re not already a member we’d love to have you join – which you can here.
These were the most tipped stocks (weekly) on Stocks in Play: