Rise and Shine: What you need to know before the ASX opens
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But first, here’s what you need to know right now:
Not a great deal of economic data out today, aside from livestock and meat figures for February being released by the Australian Bureau of Statistics.
No shares being released from escrow today, although there are nine companies due to come out of a trading halt today or on Monday.
Gold: $USD1294.98 ($1,819.42) +0.30%
Silver: $USD15.18 +0.20%
Oil (Brent): $USD69.39 -0.06%
Oil (WTI): $USD62.23 -0.51%
Coal: $USD78 -1.64%
Iron ore 62% fe: $USD92.15 +2.96%
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“My only concerns are how many companies from NZ & Australia are entering the Chinese dry powder milk infant formula market. Also Chinese companies buying into such companies. My other concerns are Chinese regulations appear capable of changing on a whim.”
Fellow member Ricky Jackson referred to an article by The Australian on disputes between mining companies and the Tjiwarl people.
“Good luck to junior mining companies and explorers getting financial funding for the next few years,” he wrote.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:
— HotCopper (@HotCopper) April 4, 2019
Lithium Consolidated (ASX: LI3) is hot again, posting a gain of 57 per cent one day after releasing its latest investor presentation to the market.
The stock was a standout performer last week after announcing it had secured two new lithium exploration licences in northern Mozambique. At 11 cents, its share price has now more than doubled from a March 22 closing price of 4.6 cents.
Mining minnow Dreadnought Resources (ASX: DRE) posted a 100 per cent gain to 0.4 cents after announcing it has completed the cash and scrip acquisition of IronRinger Resources Pty Ltd.
Dreadnought now plans to commence exploration at its Yampi project in WA “as soon as exploration approvals are received”.
As has been the case for most of this week, a lot of movement on very little news, though it was surprising to note Big River Industries (ASX:BRI) fell 25 per cent to $1.01 today, on no news.
That’s all you need to know. Go go go!