Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, COVID-19 has only strengthened Europe’s resolve to build its own battery metals supply chain, StockTalk: How Aussie fintechs are responding to the COVID-19 economy and the US wants to revitalise its uranium industry and what that means for explorers.
It is a busy week ahead in economic data. The most notable data will be Australian inflation figures for the March quarter, due out at 11.30am on Wednesday.
On Thursday look out for private sector credit figures and our import and export price indexes. On Friday look out for our quarterly Producer Price Index, commodity index and CoreLogic house prices for the month of April.
The following companies are in trading halts and are expected to exit in the next two trading days:
Infomedia (ASX:IFM) – capital raising
Great Western Exploration (ASX:GTE) – capital raising
Musgrave Minerals (ASX:MGV) – capital raising
Janison Education Group (ASX:JAN) – capital raising
Technology Metals Australia (ASX:TMT) – off take agreement
PAS Group (ASX:PGR) – restructure
Emmerson Resources (ASX:ERM) – project update
MGC Pharmaceuticals (ASX:MXC) – capital raising
Imagion Biosystems (ASX:IBX) – capital raising update
Gold: $US1,727.95 ($2,706.37) (-0.20%)
Silver: $US15.20 (-0.64%)
Oil (WTI): $US16.94 (+2.67%)
Oil (Brent): $US21.44 (+0.52%)
Coal: $US55.45 (+0.64%)
Iron 62pc Fe: $US83.98 (-0.07%)
AUD/USD: $US0.6384 (+0.20%)
Bitcoin: $US7,5658.01 (+1.45%)
On Twitter it was all about the nickel rush in Western Australia. Ever since Chalice Gold Mines’ (ASX:CHN) high-grade Julimar discovery last month there’s been a wave of small caps looking to have similar success.
$CHN is +670% since late March (to a market cap of almost $370m) after making a significant discovery at the Julimar nickel-PGE prospect near Perth. Now hunting for success in this overlooked mineral province is $DEV $LTR $MAN and $CZI #ASX #ausbiz https://t.co/PzH1cacHXq
— Stockhead (@StockheadAU) April 20, 2020
In case you missed it, our own Peter Strachan spoke with managing director Alex Dorsch in the latest edition of the Wildcatter podcast.
Also, be sure to check in at 10.20am each morning for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.
These were the most tipped stocks (weekly) on Stocks in Play: