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 codeCompany NamePricePercentage ChangeMarket CapVolume
PCH Property Connect Holdings Ltd0.00350%$2,100,00023.7M
IVX Invion Ltd0.0250%$99,000,00015.6M
AGR Aguia Resources Ltd0.1448%$21,200,0001.7M
BD1 Bard1 Life Sciences Ltd0.0238%$20,900,00074.3M
AJJ Asian American Medical Group L0.1233%$40,500,0001.0k
MX1 Micro-X Ltd0.3531%$53,500,000622.2k
FNT Frontier Resources Ltd0.00929%$4,400,000367.0k
NET NetLinkz Ltd0.0627%$91,100,00010.2M
UWL Uniti Wireless Ltd0.5826%$76,000,0003.9M
UNL United Networks Ltd0.01525%$1,900,00025.0k
ALT Analytica Ltd0.00525%$16,700,000150.0k
DHR Dark Horse Resources Ltd0.00525%$9,900,0005.3M
ICG Inca Minerals Ltd0.00525%$15,100,0001.0M
OGX Orinoco Gold Ltd0.00350%$4,900,0006.2M
SKN Skin Elements Ltd0.0424%$5,200,000264.8k
BBX BBX Minerals Ltd0.3424%$137,500,000340.5k
CZR Coziron Resources Ltd0.01122%$19,600,000480.3k

 

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 codeCompany NamePricePercentage ChangeMarket CapVolume
GCY Gascoyne Resources Ltd0.05-48%$26,800,0007.9M
AQS Aquis Entertainment Ltd0.03-40%$5,600,00042.4k
VMG VDM Group Ltd0.002-33%$12,600,0001.0M
THD Thred Ltd0.002-33%$3,600,000296.0k
KLH Kalia Ltd0.002-33%$5,000,0001.4M
GPP Greenpower Energy Ltd0.002-33%$3,100,0007.8M
DDD 3D Resources Ltd0.002-33%$2,200,000197.0k
AYR Alloy Resources Ltd0.002-33%$3,200,0001.0M
TCN Techniche Ltd0.03-21%$5,700,00027.2k
SRZ Stellar Resources Ltd/Australi0.012-20%$4,600,000453.3k
SMI Santana Minerals Ltd0.004-20%$2,600,0003.8M
OEX Oilex Ltd0.004-20%$10,300,0003.8M
CVS Cervantes Corp Ltd0.004-20%$2,000,0001.2M
DXN Data Exchange Network Ltd/The0.08-18%$28,200,000167.2k
CGA Contango Asset Management Ltd0.45-17%$22,100,0001.7k
TYX Tyranna Resources Ltd0.005-17%$4,700,000284.7k
ELT Elementos Ltd0.005-17%$7,700,000261.4k

 

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