Coming up on Stockhead today, a VC tells us three things you should and shouldn’t do when pitching your idea, beer made from cannabis actually tastes like p..s, and the federal politician who thinks copper is a “rare earth” resource. Ha.

But first, here’s what you need to know right now:


The day ahead in data

Today the Reserve Bank of Australia releases a bulletin on economic developments today, while the ever-busy Australian Bureau of Statistics drops a range of employment figures.


Company news

No shares coming out of escrow today, but one company may come out of a trading halt today. Cynata (ASX:CYP) has got investors in a lather by mentioning Japanese technology giant Fujifilm in its trading halt announcement. Fujifilm is Cynata’s biggest shareholder.



Gold: $USD1313.83 ($1,844.43) +0.60%

Silver: $USD15.51 +0.93%

Oil (Brent): $USD68.24 +1.15%

Oil (WTI): $USD60.19 +1.78%

Coal: $USD90 -0.24%

Iron ore 62% fe: $USD86.23%

AUD/USD: $USD0.7127


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What got you talking yesterday

Takeover news was of interest on the Stockhead Facebook chat forum. The lawyers at intellectual property companies IPH (ASX:IPH) and Xenith (ASX:XIP) are still duelling, with the former now “disappointed” the latter still doesn’t think its now-formal takeover bid is good enough, while MacMillan Shakespeare (ASX:MMS) has called off a merger with Eclipx (ASX:ECX) after the latter said profit was down another 42.4 per cent since January, compared to the first five months of fiscal 2018.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday:



Yesterday’s winners

Coal miner Paringa Resources (ASX:PNL) was up 23 per cent to 16c after securing a $US56 million loan to accelerate production at its Poplar grove mine in Kentucky.

Jaxsta (ASX:JXT) shares rose 46 per cent to 35c on no news, but the company has been riding a wave of momentum of late as it secures some big names on its music accreditation platform.

Earlier this month it signed Warner Music and Universal Music as data partners, alongside Sony, meaning it now has all three major labels, covering about 80 per cent of the industry.

Lepidico (ASX:LPD) shares closed up 19 per cent to 3c after it told investors it was on budget and on schedule to build its pilot plant in Perth.

It reckons construction is 91 per cent complete.

ASX codeCompany NamePricePercentage ChangeMarket CapVolume
CLZ Classic Minerals Ltd0.002100%$4,500,0001.5M
BAS Bass Oil Ltd0.00350%$7,800,0007.6M
MLS Metals Australia Ltd0.00350%$7,000,0005.0M
NWE Norwest Energy NL0.00350%$10,100,000625.0k
JXT Jaxsta Ltd0.3546%$76,300,0001.2M
POW Protean Energy Ltd0.01440%$4,400,0003.0M
GOO Gooroo Ventures Ltd0.0736%$7,500,000568.1k
MTB Mount Burgess Mining NL0.00433%$1,800,00020.0k
FFG Fatfish Blockchain Ltd0.01533%$11,300,0003.7M
FRX Flexiroam Ltd0.0525%$11,100,0006.0k
MHC Manhattan Corp Ltd0.00525%$3,700,000359.5k
ROG Red Sky Energy Ltd0.00325%$2,500,0001.5M
PAB Patrys Ltd0.0324%$27,900,00021.2M
PNL Paringa Resources Ltd0.1623%$75,600,0003.2M
ADX ADX Energy Ltd0.00620%$7,200,000200.0k
DTM Dart Mining NL0.00620%$5,600,0002.0M
EPM Eclipse Uranium Ltd0.00320%$3,400,000162.7k
SYT Syntonic Ltd0.00620%$35,800,0007.1M
TYX Tyranna Resources Ltd0.01220%$5,700,00050.0k
WCN White Cliff Minerals Ltd0.00520%$2,400,000 1.1M


Yesterday’s losers

Eclipx was the biggest loser on the aforementioned news, down 56 per cent to close at 83c.

Workplace facilitators Konekt (ASX:KKT) shares fell 17 per cent to 19c on media speculation about Jobactive going digital.

“Konekt has not assessed the impact of this speculation and will provide ongoing updates as firm information is published,” it said.

ASX codeCompany NamePricePercentage ChangeMarket CapVolume
ECX Eclipx Group Ltd0.83-56%$265,300,00035.1M
SRO Shareroot Ltd0.001-33%$1,600,00052.0k
APG Austpac Resources NL0.001-33%$2,100,0005.7M
SL1 Symbol Mining Ltd0.013-32%$7,600,0003.0M
HOR Horseshoe Metals Ltd0.012-25%$2,300,000254.0k
EN1 engage:BDR Ltd0.03-24%$12,200,000246.4M
1ST 1st Group Ltd0.05-20%$12,300,000953.0k
ARM Aurora Minerals Ltd0.012-20%$1,500,000278.5k
SXX Southern Cross Exploration NL0.004-20%$4,300,0001.7M
SRN Surefire Resources NL0.004-20%$1,800,000396.6k
QGL Quantum Graphite Ltd0.002-20%$15,100,000168.0k
OEX Oilex Ltd0.004-20%$10,300,000317.5k
ICG Inca Minerals Ltd0.004-20%$12,100,000625.5k
CIO Connected IO Ltd0.002-20%$3,600,00019.0k
ANL Amani Gold Ltd0.002-20%$7,400,0004.8k
EUR European Lithium Ltd0.14-19%$83,100,0004.3M
GIB Gibb River Diamonds Ltd0.044-19%$7,900,000152.8k
ODM Odin Metals Ltd0.12-18%$17,700,000360.0k
KKT Konekt Ltd0.19-17%$20,100,00042.7k

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