Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, May winners: gold is still #1 but uranium casts a warm glow, it’s all gas and no breaks in the Perth Basin and one industry expert runs the ruler over post-pandemic startup investments.
Today the Reserve Bank board is having its monthly meeting. It is not expected to cut interest rates but its comments on the state of the economy as lockdown restrictions ease will be interesting to observe.
Also look out for our current account balance and the weekly ANZ-Roy Morgan consumer confidence index.
The following companies are in trading halts and are expected to exit in the next two trading days:
MyFiziq (ASX:MYQ) – financing and dual listing plans
PharmAust (ASX:PAA) – preliminary results of COVID-19 trial
Indiana Resources (ASX:IDA) – litigation claim
Bass Metals (ASX:BSM) – capital raising
Magnis Energy Technologies (ASX:MNS) – capital raising
Protean Energy (ASX:POW) – information verification
Ausmex Mining Group (ASX:AMG) – JORC Resource estimation
Hastings Technology Metals (ASX:HAS) – execution of agreement with offtake partner
Nuheara (ASX:NUH) – results of capital raising
Zip Co (ASX:Z1P) – acquisition and capital raising
Musgrave Minerals (ASX:MGV) – drilling results
EHR Resources (ASX:EHX) – earn in and joint venture agreement
OtherLevels Holdings (ASX:OLV) – application for ASX removal
Ora Gold (ASX:OAU) – capital raising
Alderan Resources (ASX:AL8) – capital raising
Podium Minerals (ASX:POD) – capital raising
West Wits Mining (ASX:WWI) – capital raising
Gold: $US1,739.50 ($2,559.22) (+0.76%)
Silver: $US18.31 (+2.59%)
Oil (WTI): $US35.63 (+0.39%)
Oil (Brent): $US38.59 (+1.98%)
Coal: $US56.00 (+1.23%)
Iron 62pc Fe: $US98.78 (+7.31%)
AUD/USD: $US0.6798 (+1.96%)
Bitcoin: $US9,689.72 (+1.88%)
Gold hasn’t been the only commodity seeing a stellar price rise recently. Uranium has been rising too and Thor Mining (ASX:THR) has moved to get into a package of American projects.
— Stockhead (@StockheadAU) June 1, 2020
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.