Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, recession proof stocks revisited – the defensive sector that is holding up in the downturn, the small caps chasing elephants in the Paterson and Aussie exploration in Ecuador poised to deliver some ‘truly massive’ orebodies.
The following companies are in trading halts and are expected to exit in the next two trading days:
Alice Queen (ASX:AJQ) – Special Resolution Result
Heron Resources (ASX:HRR) – mine impact
HRL Holdings (ASX:HRL) – COVID update
New Zealand Coastal Seafoods (ASX:NZS) – material order
Mineral Commodities (ASX:MRC) – COVID update
Great Southern Mining (ASX:GSN) – compliance matter
Aurora Labs (ASX:A3D) – board changes
Tymlez Group (ASX:TYM) – capital raising
Gold: $US1,609.95 ($2,701.45) (-1.65%)
Silver: $US14.46 (-1.07%)
Oil (WTI): $US24.30 (+0.83%)
Oil (Brent): $US27.53 (+0.22%)
Coal: $US68.70 (+2.38%)
Iron 62pc Fe: $US88.46 (+0.10%)
AUD/USD: $US0.5960 (+0.03%)
Bitcoin: $US6,621.75 (-2.22%)
On Twitter it was all about gold. After lagging for a couple of weeks, gold prices have rebounded in recent days.
Perfect timing for Chalice Gold Mines’ (ASX:CHN) to make a spectacular discovery that’s been compared to Sirus Resources’ Nova nickel discovery. On Monday it more than doubled and Reuben Adams caught up with Chalice’s own Alex Dorsch.
“Conductor E – where we drilled our first hole – ranks as #1 but there’s another very similar, potential feeder pipe-looking feature about 10km to the northeast,” @ChaliceGold's Alex Dorsch says #ASX #ausbiz #nickel $CHN https://t.co/NZuNsMqel9
— Stockhead (@StockheadAU) March 24, 2020
On a similar topic, in our Facebook small and micro cap chat group it was about diamond miner Lucapa Diamonds (ASX:LOM). Lucapa has often grabbed headlines in recent years with spectacular discoveries but it has been unable to escape the brunt of the bear market — more than halving in a month.
If you’re not a member of our group we’d love to have you join – which you can here.
These were the most tipped stocks (weekly) on Stocks in Play: