Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the Pilbara is shaping up as a top gold exploration address for these small caps, fewer investors caught with their pants down on margin loans in COVID market crisis and Tim Boreham on why one unlisted biotech has a good chance of cracking the cancer market.
The key economic data this week is jobs data on Thursday, including the unemployment rate for the month of February. This will give us an early indication of how the coronavirus is impacting the Australian economy, although the impact of recent days will not be reflected in these statistics.
Also, look out for house prices and ANZ Roy Morgan consumer consumer confidence – both on Tuesday.
The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours:
Astro Resources (ASX:ARO) – update to mineral sands project
AVZ Minerals (ASX:AVZ) – metallurgical test results
Minbos Resources (ASX:MNB) – tender update
Sultan Resources (ASX:SLZ) – acquisition
Carnaby Resources (ASX:CNB) – amendment to scoping study announcement
Leigh Creek Energy (ASX:LCK) – capital raising
Cann Global (ASX:CGB) – institutional investment
Bardoc Gold (ASX:BDC) – pre-feasibility study
Arafura Resources (ASX:ARU) – reserve statement update
BidEnergy (ASX:BID) – legal matter
Gold: $US1,529.45 ($2,519.75) (-2.92%)
Silver: $US14.74 (-6.25%)
Oil (WTI): $US32.90 (+6.16%)
Oil (Brent): $US34.67 (+6.15%)
Coal: $US65.70 (+1.67%)
Iron 62pc Fe: $US90.13 (+0.73%)
AUD/USD: $US0.6140 (-1.02%)
Bitcoin: $US5,293.55 (-1.79%)
Last week on Twitter it was all about how rising gold prices have sent Perth Mint’s total gold past the $5bn mark.
— Stockhead (@StockheadAU) March 11, 2020
Amid all the chaos last week it was the deadline for small cap explorers to submit half-yearly exploration and cash flow reports. Reuben Adams’ recapped the small cap explorers closest to generating cash flow and this was also popular with our readers.
We have a small and micro cap Facebook chat group. 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: