Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, a big crypto update in the wake of Bitcoin’s year-end surge, your ultimate guide to ASX pet stocks, along with the latest edition of Bulk Buys.
The following companies are in trading halts and are expected out in the next two trading days:
Kopore Metals (ASX:KMT) – acquisition
Skin Elements (ASX:SKN) – update to option underwriting agreement
Minbos Resources (ASX:MNB) – investment contract update
Strategic Energy Resources (ASX:SER) – capital raising
Perpetual Resources (ASX:PEC) – metallurgical results
King River Resources (ASX:KRR) – exploration results
Mithril Resources (ASX:MTH) – capital raising
Range International (ASX:RAN) – capital raising
Triangle Energy (ASX:TEG) – capital raising
Lachlan Star (ASX:LSA) – capital raising
Key Petroleum (ASX:KEY) – asset disposal
Gold: $US1,841.29 ($2,401.91) (-0.49%)
Silver: $US26.97 ($35.18) (-1.11%)
Oil (WTI): $US52.62 (+0.02%)
Oil (Brent): $US55.58 (-0.57%)
Coal: $US87.05 (+0.93%)
Iron 62pc Fe: $US169.26 (-0.15%)
AUD/USD: $US0.7665 (-1.01%)
Bitcoin: $US31,219.75 (-4.34%)
Melvin Capital, to file bankruptcy as soon as next week according to sources.
The bailout they received yesterday from Citadel and Point72 went “poof” today as the GameStop ( $GME ) momentum continued.
The fund was forced to liquidate its Alibaba ( $BABA ) position after hours.
— WallStreetBets & Co. (@WSBConsensus) January 27, 2021
And more battery metals:
Lithium companies Galan Lithium, Lake Resources and Sayona Mining were high flyers Wednesday as was battery mineral company Renascor Resources. https://t.co/Tn03ed1sWh #ASX #lithium #ausbiz $CRS $GLN $LKE $RNU $SYA pic.twitter.com/ciBCz8OkVK
— Stockhead (@StockheadAU) January 27, 2021
|BPH||BPH Energy Ltd||0.21||121||138468279|
|APG||Austpac Resources NL||0.002||100||1250000|
|CCE||Carnegie Cln Energy||0.003||100||384409607|
|RNU||Renascor Res Ltd||0.042||50||148111624|
|ANL||Amani Gold Ltd||0.0015||50||19670180|
|CYQ||Cycliq Group Ltd||0.003||50||40267299|
|ROG||Red Sky Energy.||0.003||50||2825059|
|HWK||Hawkstone Mng Ltd||0.039||44||140561265|
|MNB||Minbos Resources Ltd||0.1||43||33565339|
|BAT||Battery Minerals Ltd||0.039||39||149115288|
|MNS||Magnis Energy Tech||0.25||35||29598213|
|SES||Secos Group Ltd||0.33||35||5208184|
|BUY||Bounty Oil & Gas NL||0.035||35||97333519|
|ANW||Aus Tin Mining||0.002||33||81384057|
|UUV||UUV Aquabotix Ltd||0.002||33||147649475|
|AWN||AWN Holdings Limited||1.35||32||267860|
|MRQ||Mrg Metals Limited||0.017||31||79503993|
|IRD||Iron Road Ltd||0.355||29||1046691|
The latter stock also announced it would be closing a capital raising deal early after it was heavily oversubscribed
Among other movers, South Australian graphite play Renascor Resources (ASX:RNU) announced an offtake MOU with a Chinese customer for 10,000 tonnes per annum of Renascor’s purified spherical graphite (PSG) product.
Investment company Arowana (ASX:AWN) revealed that one of its subsidiaries, VivoPower has signed an agreement with GB vehicles to help it import electric vehicle kits and electric Toyotas.
The deal was worth US$250 million over a four year period and the companies say it is the most valuable EV deal in the Australasian region to date.
|CLZ||Classic Min Ltd||0.001||-33||42155814|
|LNY||Laneway Res Ltd||0.0065||-19||11627683|
|BCK||Brockman Mining Ltd||0.046||-18||679853|
|MSR||Manas Res Ltd||0.006||-14||2215266|
|AMA||AMA Group Limited||0.635||-14||47643528|
|NME||Nex Metals Explorat||0.049||-14||678397|
|CM8||Crowd Media Limited||0.05||-14||19258205|
|TPW||Temple & Webster Ltd||11.72||-13||2064675|
Junior gold producer Laneway Resources (ASX:LNY) fell after a production update in which it revealed its operations were currently suspended due to heavy rainfall from Cyclones Imogen and Kimi.
Automotive care and accessories outlet AMA Group (ASX:AMA) informed its shareholders its CEO Andrew Hopkins was suing the company.
Hopkins is alleging oppression as a minority shareholder after an independent forensic investigation into undisclosed allegations made against him in late September. The company said it cannot dismiss him prior to a further hearing but it would be defending the matter.