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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.
But first…
The day ahead
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.
Tuesday:
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
Wednesday:
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
Markets
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%)
What got you talking yesterday
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
We have a Facebook small and micro cap chat group. If you’re not yet a member we’d love to have you join – which you can here.
These were the most tipped stocks (weekly) on Stocks in Play:
Yesterday’s winners
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| KGM | KalNorth Gold Mines Ltd | 0.006 | +100.00% | $5.4M | 916.0k |
| VMG | VDM Group Ltd | 0.003 | +100.00% | $20.8M | 55.5M |
| DHR | Dark Horse Resources Ltd | 0.003 | +50.00% | $7.4M | 500.0k |
| YPB | YPB Group Ltd | 0.003 | +50.00% | $5.1M | 15.8M |
| HT8 | Harris Technology Group Ltd | 0.014 | +40.00% | $2.7M | 48.0k |
| CTE | Cryosite Ltd | 0.07 | +36.00% | $3.2M | 313.3k |
| AYR | Alloy Resources Ltd | 0.002 | +33.33% | $4.2M | 500.0k |
| LRS | Latin Resources Ltd | 0.004 | +33.33% | $1.5M | 2.1M |
| UUV | UUV Aquabotix Ltd | 0.002 | +33.33% | $1.2M | 3.5M |
| LNG | Liquefied Natural Gas Ltd | 0.15 | +30.43% | $86.5M | 8.0M |
| UCM | Uscom Ltd | 0.4 | +29.03% | $59.8M | 8.9M |
| SPT | Splitit Ltd | 0.47 | +27.03% | $146.4M | 4.7M |
| ICI | iCandy Interactive Ltd | 0.03 | +26.09% | $9.8M | 282.5k |
| INF | Infinity Lithium Corp Ltd | 0.05 | +25.00% | $10.7M | 299.1k |
| AEE | Aura Energy Ltd | 0.005 | +25.00% | $7.9M | 12.1M |
| ARE | Argonaut Resources NL | 0.005 | +25.00% | $7.9M | 800.0k |
| DDD | 3D Resources Ltd | 0.0025 | +25.00% | $3.5M | 3.2M |
| PWN | Parkway Minerals NL | 0.005 | +25.00% | $8.4M | 4.8M |
| SMD | Syndicated Metals Ltd | 0.005 | +25.00% | $4.7M | 295.0k |
| DAU | Dampier Gold Ltd | 0.03 | +23.81% | $5.1M | 146.0k |
| HMD | HeraMED Ltd | 0.13 | +23.81% | $13.5M | 221.0k |
| PAB | Patrys Ltd | 0.02 | +23.08% | $17.2M | 4.1M |
Yesterday’s losers
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| JPR | Jupiter Energy Ltd | 0.006 | -33.33% | $920K | 150.0k |
| ERL | Empire Resources Ltd | 0.007 | -30.00% | $5.4M | 2.8M |
| TGA | Thorn Group Ltd | 0.12 | -29.41% | $38.7M | 3.5M |
| TSC | Twenty Seven Co Ltd | 0.005 | -28.57% | $7.4M | 26.9M |
| MJC | Mejority Capital Ltd | 0.03 | -28.57% | $3.5M | 60.0k |
| ADO | Anteotech Ltd | 0.02 | -28.00% | $27.0M | 7.2M |
| ESE | eSense-Lab Ltd | 0.006 | -25.00% | $1.1M | 548.3k |
| ECG | eCargo Holdings Ltd | 0.03 | -25.00% | $18.5M | 37.5k |
| TGO | Trimantium GrowthOps Ltd | 0.08 | -24.24% | $10.4M | 3.8k |
| KIN | Kin Mining NL | 0.04 | -24.14% | $25.1M | 1.3M |
| MAG | Magmatic Resources Ltd | 0.23 | -23.33% | $39.6M | 2.6M |
| EGR | Ecograf Ltd | 0.05 | -23.33% | $14.2M | 879.9k |
| GED | Golden Deeps Ltd | 0.01 | -23.08% | $2.8M | 135.1k |
| BLZ | Blaze International Ltd | 0.01 | -23.08% | $2.1M | 630.1k |
| EAX | Energy Action Ltd | 0.16 | -22.50% | $4.0M | 10.0k |
| NCR | NuCoal Resources Ltd | 0.007 | -22.22% | $5.4M | 604.3k |
| MSM | MSM Corp International Ltd | 0.007 | -22.22% | $5.9M | 1.8M |
| FIJ | Fiji Kava Ltd | 0.06 | -21.69% | $4.5M | 278.9k |
| SGC | SACGASCO Ltd | 0.02 | -20.00% | $5.4M | 1.3M |
| ODA | Orcoda Ltd | 0.16 | -20.00% | $17.4M | 1.6k |
| AUQ | Alara Resources Ltd | 0.012 | -20.00% | $7.5M | 1.2M |
