Rise and Shine: What you need to know before the ASX opens

On Stockhead today, Recce’s antibiotic is a ‘bloody miracle’ worker, oil prices fending off a shale oil dagger, and why banking isn’t boring.

But first…

THE DAY AHEAD

Look out for two new IPOs today. First, SME-focused Propell (ASX:PHL) which will debut at 11am (AEST) followed by Iceni Gold (ASX:ICL) which will debut at 1pm (AEST).

In economic data, look out for Westpac’s monthly Consumer Sentiment Survey – due out at 10.30am.

TRADING HALTS

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

Thursday

Cobre (ASX:CBE) – capital raising
Vection (ASX:VR1) – acquisition transaction
Renergen (ASX:RLT) – announcement clarification
Wellfully (ASX:WFL) – court orders
Regis Resources (ASX:RRL) – capital raising
Pharmaxis (ASX:PXS) – capital raising

MARKETS

Gold: $US1,745.09 ($2,283.55) (+0.73%)

Silver: $US25.33 ($33.15) (+1.95%)

Oil (WTI): $US60.49 (+1.34%)

Oil (Brent): $US63.93 (+1.03%)

Coal: $US90.00 (+2.04%)

Iron 62pc Fe: $US171.04 (+0.01%)

AUD/USD: $US0.7641 (+0.26%)

Bitcoin: $US63,083.42 (+5.34%)

WHAT GOT YOU TALKING YESTERDAY

It’s been quite a while since we had a uranium IPO but we’re expecting one on Thursday in 92 Energy (ASX:92E).

Uranium explorer 92 Energy (ASX:92E) is among several companies lined up to list on the ASX this or next week after bioenergy company Delorean joined the bourse yesterday. https://t.co/lGtGF4O4fz #ASX #biotechstocks #uranium $92E $DEL $ILA $PAR $SPL$ERA $RAC pic.twitter.com/sDNkzYBLqU

— Stockhead (@StockheadAU) April 12, 2021

Until yesterday, it had also been a while between drinks for biotech IPOs (although not quite as long as uranium) but Island Pharmaceuticals (ASX:ILA) broke the drought and impressed – more than doubling on debut.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

We’ve also set up a forum for all things crypto.Stockhead’s Cryptohead Facebook group is the place to share all your views, insights, tips and ideas.

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.

YESTERDAY’S WINNERS

Scroll or swipe to reveal table. Click headings to sort.

YESTERDAY’S LOSERS

Scroll or swipe to reveal table. Click headings to sort.