On Stockhead today, Guy le Page’s gold bull case, China’s nickel story is dodgy as ever, and why tech stocks are still overvalued.

But first… the day ahead.

 

TRADING HALTS

The following companies are in trading halts and are expected to exit over the next two trading days:

Today:

Walkabout Resources (ASX:WKT) – funding update
Infinity Lithium (ASX:INF) – project tenure update
Platina Resources (ASX:PGM) – project acquisition

Wednesday

Mineral Commodities (ASX:MRC) – MOU update
Rafaella Resources (ASX:RFR) – capital raising
Theta Gold Mines (ASX:TGM) – pre-feasibility study results
Mainstream Group (ASX:MAI) – acquisition counter-proposal

 

MARKETS

Gold: $US1,732.84 ($2,272.53) (-0.59%)

Silver: $US24.81 ($32.54) (-1.71%)

Oil (WTI): $US59.63 (+0.54%)

Oil (Brent): $US63.19 (+0.38%)

Coal: $US87.63 (-0.70%)

Iron 62pc Fe: $US171.03 (+0.42%)

AUD/USD: $US0.7623 (+0.03%)

Bitcoin: $US59,862.48 (+0.39%)

 

WHAT GOT YOU TALKING YESTERDAY?

First, one of yesterday’s most talked about ASX stocks …

 

And finally, an acknowledgment:

Wall Street Bets traders are more skilled and responsible than they get credit for, a new academic study finds from r/wallstreetbets

YESTERDAY’S WINNERS

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The best performer was the ASX’s newest stock, bioenergy company Delorean (ASX:DEL). It debuted at 12pm (AEST) at 20 cents and finished the day at 42 cents – a 110 per cent premium.

Takeover target Mainstream (ASX:MAI) rose after revealing it had received a superior bid. The financial administrator was offered a $2 per share bid which is 67 per cent higher than the bid it has been sitting on for the last month.

Silver City Minerals (ASX:SCI) rocketed after reporting gold assays up to 1,109g/t.

 

YESTERDAY’S LOSERS

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