Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the traps and the opportunities – how to play a global pandemic, wise words from renowned investor Rick Rule on what happens to gold following a market panic and Israeli researchers reckon they can come up with a coronavirus vaccine in just 90 days.
Today all eyes are on the Reserve Bank’s monthly board meeting. It is possible but not certain it will cut interest rates following the spread of coronavirus and fears about it across the global economy.
Also today we’ll see our current account balance, net exports and building approvals. Finally the weekly ANZ-Roy Morgan Consumer index.
The following companies are in trading halts and are expected to exit in the next couple of days.
CML Group (ASX:CGR) – corporate update
MGC Pharmaceuticals (ASX:MXC) – commercial sales agreement
AVZ Minerals (ASX:AVZ) – update on placement
Liquified Natural Gas (ASX:LNG) – funding arrangement and control transaction
Speciality Metals International (ASX:SEI) – capital raising
Anova Metals (ASX:AWV) – capital raising
Terracom (ASX:TER) – interim stop order
European Lithium (ASX:ENR) – earn in and joint venture agreement
Vango Mining (ASX:VAN) – exploration results
Adavale Resounrces (ASX:ADD) – capital raising and Tanzanian government update
Windlab (ASX:WND) – acquisition proposal
Gold: $US1,585.03 ($2,429.97) (+0.15%)
Silver: $US16.72 (+0.76%)
Oil (WTI): $US46.73 (+4.60%)
Oil (Brent): $US52.00 (+2.97%)
Coal: $US67.05 (+0.37%)
Iron 62pc Fe: $US86.46 (-0.14%)
AUD/USD: $US0.6528 (+0.20%)
Bitcoin: $US8,888.26 (+4.47%)
The word porphyry may not mean much unless you’re a geologist — but they are responsible for 60 per cent of the world’s copper.
On Twitter, users were most interested in Reuben Adam’s chat with one of the world’s foremost porphyry experts.
Juniors — despite the high cost of resource definition and development – have been making many of the porphyry discoveries over the last ~20 years, Dr Garwin says. #Gold #Copper #ASX #ausbiz https://t.co/cUbb5VsGub
— Stockhead (@StockheadAU) March 1, 2020
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