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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, high value gold tips from top brokers, playing the oil trade during multi-year highs, and all the renewable news that’s fit to print.
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
Andromeda Metals (ASX:ADN) – market update
Minotaur Exploration (ASX:MEP) – market update
Mandrake Resources (ASX:MAN) – capital raising
Mighty Craft (ASX:MCL) – capital raising
Tuesday
Magnum Mining and Exploration (ASX:MGU) – off-take agreement
Metalicity (ASX:MCT) – capital raising
Aeris Resources (ASX:AIS) – capital raising
Cashwerkz (ASX:CWZ) – capital raising
Cobalt Blue (ASX:COB) – fundraising agreement
WT Financial Group (ASX:WTL) – capital raising and acquisition
Argonaut Resources (ASX:ARE) – capital raising
Global Health (ASX:GLH) – capital raising
Leigh Creek Energy (ASX:LCK) – capital raising
MARKETS
Gold: $US1,897.87 ($2,447.29) (+0.51%)
Silver: $US27.99 ($36.09) (+0.86%)
Oil (WTI): $US70.09 (+0.20%)
Oil (Brent): $US72.31 (+0.35%)
Coal: $US119.00 (+3.69%)
Iron 62pc Fe: $US211.91 (+0.82%)
AUD/USD: $US0.7751 (+0.27%)
Bitcoin: $US36,418.36 (+0.15%)
WHAT GOT YOU TALKING YESTERDAY?
Is boring old thermal coal the dark horse of 2021?
Thermal #coal buoyed by strong fundamentals, #China power shortages, tightening supply, low inventories, exacerbated by ban on Australian imports extending into at least next year, with supplies from Inner Mongolia possibly constrained given resurgence in new Covid cases. #mining pic.twitter.com/5v3KcKio8i
— Gavin Wendt (@MineLifeReport) June 10, 2021
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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.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CLZ | Classic Minerals | 0.002 | 100 | 85,018,315 |
| OAK | Oakridge | 0.002 | 100 | 869,493 |
| ANL | Amani Gold Ltd | 0.0015 | 50 | 4,694,000 |
| ENX | Enegex Limited | 0.21 | 40 | 3,640,305 |
| OVT | Ovato Limited | 0.004 | 33 | 302,574 |
| VAR | Variscan Mines Ltd | 0.13 | 30 | 8,525,345 |
| IXU | Ixup Limited | 0.20 | 29 | 3,136,813 |
| BAS | Bass Oil Ltd | 0.0025 | 25 | 859,951 |
| XTC | Xantippe Res Ltd | 0.0025 | 25 | 5,572 |
| MEP | Minotaur Exploration | 0.14 | 22 | 5,438,653 |
| ADN | Andromeda Metals Ltd | 0.26 | 21 | 36,626,126 |
| WOO | Wooboard Tech Ltd | 0.003 | 20 | 11,170,713 |
| PTR | Petratherm Ltd | 0.065 | 18 | 422,044 |
| IRE | IRESS Limited | 12.79 | 17 | 3,473,492 |
| CRL | Comet Resources | 0.022 | 16 | 11,534,180 |
| AHC | Austco Healthcare | 0.115 | 15 | 4,857,242 |
| GML | Gateway Mining | 0.023 | 15 | 5,338,524 |
| BID | Bill Identity Ltd | 0.57 | 14 | 754,286 |
| INF | Infinity Lithium | 0.09 | 14 | 4,062,306 |
| NKL | NickelX | 0.17 | 13 | 1,766,432 |
| LSA | Lachlan Star Ltd | 0.034 | 13 | 23,432,053 |
Classic Minerals (ASX:CLZ) ticked higher after announcing it’s received approval from the WA Department of Mines, Industry Regulation and Safety to commence mining for bulk samples at its Kat Gap gold project.
Andromeda Metals (ASX:ADN) and 25% JV partner Minotaur (ASX:MEP) have inked a five-year offtake with a large Chinese commodity trader for 70,000tpa of refined ultra-bright high-purity kaolin.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| KLO | Kingsland Global Ltd | 0.021 | -45 | 25,000 |
| MAG | Magmatic Resrce Ltd | 0.145 | -37 | 14,019,653 |
| BIR | BIR Financial Ltd | 0.029 | -22 | 3,829,490 |
| TYM | Tymlez Group | 0.012 | -20 | 5,062,341 |
| ALT | Analytica Limited | 0.002 | -20 | 1,548,158 |
| GGX | Gas2Grid Limited | 0.002 | -20 | 7,157 |
| MHC | Manhattan Corp Ltd | 0.013 | -19 | 10,570,230 |
| CAD | Caeneus Minerals | 0.01 | -17 | 42,057,608 |
| CGB | Cann Global Limited | 0.005 | -17 | 4,557,391 |
| OKJ | Oakajee Corp Ltd | 0.065 | -16 | 28,000 |
| TPP | Tempo Australia | 0.068 | -14 | 61,480 |
| KSC | K & S Corporation | 1.52 | -13 | 42,428 |
| AAP | Australian Agri Ltd | 0.026 | -13 | 157,730 |
| QPM | Queensland Pacific | 0.165 | -13 | 22,077,301 |
| MRQ | Mrg Metals Limited | 0.007 | -13 | 450,000 |
| MRC | Mineral Commodities | 0.21 | -13 | 1,030,747 |
| SFM | Santa Fe Minerals | 0.088 | -12 | 213,166 |
| EME | Energy Metals Ltd | 0.185 | -12 | 10,006 |
| ATP | Atlas Pearls Ltd | 0.015 | -12 | 120,612 |
| CT1 | Constellation Tech | 0.015 | -12 | 1,132,208 |
| RAN | Range International | 0.015 | -12 | 4,767,290 |
Porphyry hunter Magmatic Resources (ASX:MAG) slipped disappointing assays into the back-end of a new drilling announcement.
