Coming up on Stockhead today, there’s a bit of promise in tonight’s federal Budget for health small caps, wtf is Elon Musk doing now, and why nickel’s a great bet for the next five years.

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

 

The day ahead in data (budget, budget, budget…)

Hoo boy there is data galore coming out today. Obviously from 7:30pm eastern time tonight we have Josh Frydenberg delivering his first ever federal Budget, which you won’t miss thanks to wall-to-wall coverage on TV, radio, online, print and maybe even people approaching you in the street about it.

Markets will be watching with bated breath to see what kind of fiscal promises the Morrison government unveils ahead of the federal election in May. Rumours are abounding that Frydenberg will deliver a budget surplus, whereby revenue exceeds expenses and allows the government to pay down its debt. We shall see.

The Reserve Bank of Australia is also making its monthly interest rates announcement, with rates expected to stay at 1.5 per cent.

 

Company news

Stealth Global (ASX:SGI) has 6.3 million shares due out of escrow today.

There are 11 companies due out of a trading halt in the next 24-48 hours:

  • VRX Silica (ASX:VRX) – capital raising
  • Jervois Mining (ASX:JRV) – corporate transaction
  • KNeoMedia (ASX:KNM) – commercial partnership
  • Syntonic (ASX:SYT) – capital raising
  • Animoca Brands (ASX:AB1) – capital raising
  • Matador Mining (ASX:MZZ) – capital raising/acquisition
  • Corazon Mining (ASX:CZN) – capital raising
  • Credit Corp Group (ASX:CCP) – capital raising
  • Dubber Corp (ASX:DUB) – capital raising
  • Hastings Technology (ASX:HAS) – capital raising
  • Marindi Metals (ASX:MZN)  – capital raising

 

Commodities

Gold: $US1287.36 ($1,809.90) -0.27%

Silver: $US15.11 -0.17%

Oil (Brent): $US68.68 +0.42%

Oil (WTI): $US61.67 +2.43%

Coal: $US83.25 -1.63%

Iron ore 62% fe: $US85.70 +0.07%

AUD/USD: $US0.7113
 

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What got you talking yesterday

The ALP wants half of all cars to be electric by 2030, which was of interest on the Stockhead Facebook chat forum.

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

 

 

Yesterday’s winners

Orinoco Gold (ASX:OGX) recouped 50 per cent of its recent losses to trade at 0.3c by midday on Monday.

Not much to report on the news front — though it had plenty last week.

The Brazil-focused company has faced numerous problems with production at its Cascavel gold mine, and is facing allegations of poor operating procedures, gold theft and conflicts of interest.

Orinoco last week launched a fully underwritten rights issue for $5.4m.

Zinc explorer Inca Minerals (ASX:ICG) has named heavyweight South32 (ASX:S32) as its new partner on its Riqueza project in Peru.

The news sent shares up 25 per cent to 0.5c.

Investors love it when a major backs a junior – especially when it comes with a promise of $US9m in exploration funding over four years to earn a 60 per cent stake.

ASX code Company Name Price Percentage Change Market Cap Volume
PCH Property Connect Holdings Ltd 0.003 50% $2,100,000 23.7M
IVX Invion Ltd 0.02 50% $99,000,000 15.6M
AGR Aguia Resources Ltd 0.14 48% $21,200,000 1.7M
BD1 Bard1 Life Sciences Ltd 0.02 38% $20,900,000 74.3M
AJJ Asian American Medical Group L 0.12 33% $40,500,000 1.0k
MX1 Micro-X Ltd 0.35 31% $53,500,000 622.2k
FNT Frontier Resources Ltd 0.009 29% $4,400,000 367.0k
NET NetLinkz Ltd 0.06 27% $91,100,000 10.2M
UWL Uniti Wireless Ltd 0.58 26% $76,000,000 3.9M
UNL United Networks Ltd 0.015 25% $1,900,000 25.0k
ALT Analytica Ltd 0.005 25% $16,700,000 150.0k
DHR Dark Horse Resources Ltd 0.005 25% $9,900,000 5.3M
ICG Inca Minerals Ltd 0.005 25% $15,100,000 1.0M
OGX Orinoco Gold Ltd 0.003 50% $4,900,000 6.2M
SKN Skin Elements Ltd 0.04 24% $5,200,000 264.8k
BBX BBX Minerals Ltd 0.34 24% $137,500,000 340.5k
CZR Coziron Resources Ltd 0.011 22% $19,600,000 480.3k

 

Yesterday’s losers

Gold explorer Gascoyne Resources (ASX:GCY) told investors it had secured firm commitments for a placement and a fully underwritten entitlement offer to collectively raise $24.5m.

But investors didn’t like that, sending the share price down 47 per cent to 5c.

If not all shares are taken up by shareholders in the entitlement offer, European investor Delphi Unternehmensberatung AG would acquire a 19.9 per cent stake in Gascoyne.

ASX code Company Name Price Percentage Change Market Cap Volume
GCY Gascoyne Resources Ltd 0.05 -48% $26,800,000 7.9M
AQS Aquis Entertainment Ltd 0.03 -40% $5,600,000 42.4k
VMG VDM Group Ltd 0.002 -33% $12,600,000 1.0M
THD Thred Ltd 0.002 -33% $3,600,000 296.0k
KLH Kalia Ltd 0.002 -33% $5,000,000 1.4M
GPP Greenpower Energy Ltd 0.002 -33% $3,100,000 7.8M
DDD 3D Resources Ltd 0.002 -33% $2,200,000 197.0k
AYR Alloy Resources Ltd 0.002 -33% $3,200,000 1.0M
TCN Techniche Ltd 0.03 -21% $5,700,000 27.2k
SRZ Stellar Resources Ltd/Australi 0.012 -20% $4,600,000 453.3k
SMI Santana Minerals Ltd 0.004 -20% $2,600,000 3.8M
OEX Oilex Ltd 0.004 -20% $10,300,000 3.8M
CVS Cervantes Corp Ltd 0.004 -20% $2,000,000 1.2M
DXN Data Exchange Network Ltd/The 0.08 -18% $28,200,000 167.2k
CGA Contango Asset Management Ltd 0.45 -17% $22,100,000 1.7k
TYX Tyranna Resources Ltd 0.005 -17% $4,700,000 284.7k
ELT Elementos Ltd 0.005 -17% $7,700,000 261.4k

 

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