Rise and Shine: What you need to know before the ASX opens
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The busy week of IPOs will end with a bang today.
Iron ore developer Juno Minerals (ASX:JNO) will list at 12pm (AEST) followed by pathology network Australian Clinical Labs (ASX:ACL) at 12.30pm.
The only economic data out today is HIA’s New Home Sales, to be released at 10am.
Creso Pharma (ASX:CPH) – acquisition target
Horizon Minerals (ASX:HRZ) – acquisition
Jatcorp (ASX:JAT) – product developments
Predictive Discovery (ASX:PDI) – capital raising
Alice Queen (ASX:AQX) – capital raising
Roots Sustainable Agricultural Technologies (ASX:ROO) – new venture
Gold: $US1,826.39 ($2,363.34) (+0.60%)
Silver: $US27.08 ($35.04) (+0.18%)
Oil (WTI): $US63.78 (-3.48%)
Oil (Brent): $US66.99 (-3.36%)
Coal: $US101.40 (+1.91%)
Iron 62pc Fe: $US212.05 (-2.90%)
AUD/USD: $US0.7725 (-0.02%)
Bitcoin: $US49,690.21 (-8.96%)
It’s been a tough week in markets and it continued yesterday.
But there have been a few sweet spots this week particularly in the junior iron ore and copper spaces.
Our readers were particularly hooked to Wednesday’s “Top 5 Resources” recap which was headed by a big copper hit by Helix Resources (ASX:HLX).
• Helix hits 30m copper interval at Canbelego project
• Thor (copper) and Talisman (iron ore) fly on analyst reports
• Carpentaria finalises deal to buy Pure Metal’s 24% share of the Hawsons Iron Project $HLX $AIS $THR $TLM $CAP #ASX
— Stockhead (@StockheadAU) May 12, 2021
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Fremont Petroleum (ASX:FPL) rose too after providing an update on its oil inventory sell-down.
Mining services stock Perenti (ASX:PRN) fell after an operational update. Despite winning over $700 million in contracts in 2021, it warned it was seeing impacts from COVID-19 and headwinds would continue for the next 12-18 months.
The latest gold IPO Australasian Gold (ASX:A8G) didn’t have a good debut and made the losers’ list.