On Stockhead today, crypto assets are making noise again, Australia needs a better way to buy power, and the latest update on ASX health stocks.

But first, here’s what you need to know about the week ahead.

 

The week ahead in data

There’s bugger all on the domestic front today, though – as always, eyes are on the ‘trade war’ between China and the US. Global stock markets were depressed after Trump’s threats to impose new tariffs on Chinese exports, with China saying it would retaliate if that happened.

The impact was initially felt less at home thanks to positive share price movement from BHP, Rio and Fortescue, though those companies all experienced falls on Wednesday.

 

Company news

Euro Manganese (ASX:EMN) has 1.5 million shares out of escrow today.

The following 10 companies have shares due out of a trading halt in the next 48 hours:

Thursday:

  • Kopore Metals (ASX:KMT) – capital raising
  • Adslot (ASX:ADJ) – capital raising
  • Tempus Resources (ASX:TMR) – acquisition
  • Impression Healthcare (ASX:IHL) – clarifying securities issue

Friday:

  • Evolve Education Group (ASX:EVO) – capital raising
  • Pacific Bauxite (ASX:PBX) – update on project-related court proceedings
  • King Island Schleelite (ASX:KIS) – project redevelopment
  • Blackstone Minerals (ASX:BSX) – capital raising
  • 5G Networks (ASX:5GN) – capital raising
  • Terracom (ASX:TER) – capital raising

 

Commodities

Gold: $US1279.73 ($1,831.23) -0.28%

Silver: $US14.84 -0.51%

Oil (Brent): $US70.27 +0.49%

Oil (WTI): $US61.84 +0.94%

Coal: $US88.95 +1.08%

Iron ore 62pc fe: $US94.75 +1.33%

AUD/USD: $US0.6989

 

Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free

 

What got you talking last week

Heron Resources’ (ASX:HRR) news that it is now a zinc and copper producer had tongues wagging on the Stockhead Facebook chat forum.

Member Todd Thurkettle: “Good signs for the next nine years.”

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday:

 

 

Yesterday’s winners

They must have been crying tears of joy at Orthocell (ASX:OCC). Shares rose an unbelievable 377 per cent yesterday, to 52c, after the company revealed that its CelGro technology was helping patients who’d suffered severe nerve damage regain sensation and function.

In a statement that might bring to mind memories of Moira such is its tone, patient Daniel Hunt said it had changed his life:

“After my football injury, I had no feeling in my right shoulder. I couldn’t pick up my kids, swim, or play football.

“When Dr O’Beirne said that being in the CelGro study might improve outcomes, I thought it would be worth trying.

“I’m living a normal life now. I can pick up my kids and I even swam a duo to Rottnest! I might even be able to play footy again next year-something that I thought would never happen.”

Give that man a set of steak knives.

Flexigroup (ASX:FXL) shares gained 24 per cent to $1.68 after telling investors a whole host of big retailers have joined its buy-now-pay-later (BNPL) platform.

Of most interest to Stockhead this morning was its claim to be the inventor of BNPL. A spokesman for the company says it started a white labelled BNPL service about 20 years ago (what we’d know as layby), and consumer-oriented (albeit sold via retailers) services since 2000.

Ticker Name Price % Chg Market Cap Volume
OCC Orthocell Ltd 0.52 377% $63,400,000 76.8M
HCO Hylea Metals Ltd 0.015 50% $1,500,000 75.9k
ARO Astro Resources NL 0.003 50% $3,800,000 2.5M
CAD Caeneus Minerals Ltd 0.0015 50% $2,800,000 775.0k
GLE GLG Corp Ltd 0.15 35% $11,100,000 20.0k
KLH Kalia Ltd 0.002 33% $5,000,000 250.0k
DW8 Digital Wine Ventures Ltd 0.01 29% $7,000,000 31.4M
IBN Ibuynew Group Ltd 0.03 27% $610,000 14.2k
ANL Amani Gold Ltd 0.0025 25% $9,200,000 2.9M
FXL FlexiGroup Ltd/Australia 1.68 24% $662,600,000 8.0M
KIN Kin Mining NL 0.08 21% $33,100,000 157.3k
GMC Gulf Manganese Corp Ltd 0.006 20% $25,300,000 32.0M
KTE K2 Energy Ltd 0.006 20% $1,800,000 580.0k
SMD Syndicated Metals Ltd 0.006 20% $3,800,000 300.0k
KTD Keytone Dairy Corp Ltd 0.58 18% $87,000,000 5.5M
MEB Medibio Ltd 0.013 18% $3,200,000 368.3k
IME ImExHS Ltd 0.03 17% $31,500,000 8.6M

 

Yesterday’s losers

In investors’ bad books was YPB (ASX:YPB), which had to explain its role in an increasingly confusing crypto deal that involved First Growth Funds (ASX:FGF)DigitalX (ASX:DCC), and Blockchain Global. Shares dropped 33 per cent to 0.6c.

The ‘token sale event’ was launched at the height of the crypto craze in December 2017, and the ASX is now trying to ascertain what money has changed hands, who is still participating in this deal and what everyone has actually done. And whether YPB ever saw any of a whopping $30m they’d speculated the token sale might raise.

Ticker Name Price % Chg Market Cap Volume
CMC China Magnesium Corp Ltd 0.02 -43% $9,200,000 47.8k
VAR Variscan Mines Ltd 0.001 -33% $1,300,000 470.6k
RXH Rewardle Holdings Ltd 0.002 -33% $1,100,000 200.0k
AYR Alloy Resources Ltd 0.002 -33% $3,200,000 500.0k
YPB YPB Group Ltd 0.006 -33% $5,500,000 12.0M
ENT Enterprise Metals Ltd 0.007 -30% $2,800,000 958.7k
RCP Redbank Copper Ltd 0.02 -29% $2,000,000 619.5k
TSC Twenty Seven Co Ltd 0.003 -25% $2,700,000 247.3k
SYT Syntonic Ltd 0.003 -25% $9,700,000 20.1M
SRO Shareroot Ltd 0.0015 -25% $2,400,000 5.5M
PWN Parkway Minerals NL 0.003 -25% $1,800,000 1.0M
OEX Oilex Ltd 0.003 -25% $7,700,000 56.6k
XPL Xplore Wealth Ltd 0.1 -23% $29,700,000 404.6k
FPL Fremont Petroleum Corp Ltd 0.007 -22% $11,100,000 25.2M
ADO Anteo Diagnostics Ltd 0.014 -22% $16,200,000 16.4M
PUR Pursuit Minerals Ltd 0.02 -22% $3,200,000 13.3M

 
That’s all you need to know. Have a beautiful day, don’t let it get away.