Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, why central bank forecasts are so crucial for investors, how housing could slow down, and three under-the-radar green energy plays.
The day ahead
The following companies are in trading halts and are expected to exit over the next two trading days:
Singular Health (ASX:SHG) – acquisition
Roto-Gro (ASX:RGI) – acquisition
Stellar Resources (ASX:SRZ) – capital raising
De.mem (ASX:DEM) – capital raising
Perpetual Resources (ASX:PEC) – maiden ore reserve
Helios Energy (ASX:HE8) – s.708A(5)(e) breach verification
Armour Energy (ASX:AJQ) – capital raising
Minotaur Exploration (ASX:MEP) – market update
Australian Pacific Coal (ASX:AQC) – capital raising
Adherium (ASX:ADR) – capital raising
Strandline Resources (ASX:STA) – project financing
Andromeda Metals (ASX:ADN) – market update
Gold: $US1,732.01 ($2,236.01) (+0.01%)
Silver: $US25.95 ($33.50) (-1.20%)
Oil (WTI): $US64.67 (-1.10%)
Oil (Brent): $US68.27 (-0.89%)
Coal: $US85.85 (-0.26%)
Iron 62pc Fe: $US168.26 (-1.76%)
AUD/USD: $US0.7745 (-0.09%)
Bitcoin: $US56,281.58 (-1.15%)
What commodities is world #2 economy China gonna need more of out to 2025?
Uranium for more nuclear plants, iron ore for steel, and battery metals for lithium—ion batteries.
China has just unwrapped its latest five-year plan which contains strong clues on how Beijing will steer its giant economy out to 2025 and the types and volumes of commodities it will need, including many from Australia. https://t.co/nPZGgP07mg #ASX #copper #ironore #uranium $BHP pic.twitter.com/Hx2IUC1gw4
— Stockhead (@StockheadAU) March 15, 2021
Also – is it time to get excited about vanadium again?
— Dimitri (@TiriDimitri) March 15, 2021
Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.
Scroll or swipe to reveal table. Click headings to sort.
|KP2||Kore Potash PLC||0.028||65||65,763,856|
|TTA||TTA Holdings Ltd||0.077||48||1,456,521|
|TMK||Tamaska Oil Gas Ltd||0.013||44||25,222,415|
|YPB||YPB Group Ltd||0.004||33||17,598,866|
|CHK||Cohiba Min Ltd||0.022||29||73,515,632|
|TPD||Talon Petroleum Ltd||0.009||29||127,551,441|
|GLE||GLG Corp Ltd||0.35||25||24,471|
|88E||88 Energy Ltd||0.022||22||925,165,944|
|LOT||Lotus Resources Ltd||0.15||20||8,791,581|
|RNE||Renu Energy Ltd||0.09||20||1,693,695|
|AVL||Aust Vanadium Ltd||0.024||20||31,203,649|
|MRQ||Mrg Metals Limited||0.012||20||19,868,945|
|BOE||Boss Energy Ltd||0.16||19||24,932,632|
Fertiliser play Kore Potash (ASX:KP2) ripped higher on no news, and held its gains through the close of trade. KP2 told the ASX shortly after midday (EST) it wasn’t sure what had prompted the spike.
The $5m nanocap has two potash projects in the Republic of Congo, and yesterday’s gains saw KP2 shares rise to their highest level since December when the stock briefly surged to above 4c.
All five companies that finished on the winner’s list after making announcements yesterday were resources stocks.
Also rising strongly was tungsten company King Island Scheelite (ASX:KIS), which rose sharply after announcing that Swiss investment fund D.A.CH.S Capital had increased its stake to 6.8 per cent.
|BIR||BIR Financial Ltd||0.024||-23||3374882|
|TGM||Theta Gold Mines Ltd||0.29||-17||337521|
|WOO||Wooboard Tech Ltd||0.005||-17||8808622|
|RDG||Res Dev Group Ltd||0.041||-15||184169|
|MRD||Mount Ridley Mines||0.0035||-13||1800000|
|SHH||Shree Minerals Ltd||0.014||-13||723812|
|TPD||Talon Petroleum Ltd||0.007||-13||49016322|
|GLE||GLG Corp Ltd||0.28||-13||14626|
|ICG||Inca Minerals Ltd||0.11||-12||3848533|
|IBG||Ironbark Zinc Ltd||0.024||-11||8324775|