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

On Stockhead today, FYI’s Roly Hill on HPA and the Alcoa deal, why Smart Beta returns big bucks, and $US42m worth of fluffy bunnies.

But first … the day ahead.

Heavy Minerals (ASX:HVY), which has a heavy mineral sands project in Mozambique and a garnet asset near Geraldton in Australia, will list at 11.30am AEST today. The explorer counts Westgold Resources (ASX:WGX) chairman Peter Cook among its top 20 shareholders and is chaired by Nelson Resources (ASX:NES) CEO Adam Schofield.

TRADING HALTS

The following companies are in trading halts and are expected out in the next two trading days:

Tuesday

Metal Hawk (ASX:HWK) – exploration results
Anson Resources (ASX:ASN) – capital raising
Global Data Centre Group (ASX:GDC) – capital raising
Dreadnought Resources (ASX:DRE) – capital raising

Wednesday

Conico (ASX:CNJ) – capital raising
Resolution Minerals (ASX:RML) – capital raising
Golden Rim Resources (ASX:GMR) – capital raising
Cullen Resources (ASX:CUL) – exploration update
GBM Resources (ASX:GBZ) – capital raising
Corazon Mining (ASX:CZN) – capital raising
HomeCo Daily Needs REIT (ASX:HDN) – capital raising

MARKETS

Gold: $US1,793.26 ($2,433.99) (+0.33%)

Silver: $US23.74 ($32.22) (+0.09%)

Oil (WTI): $US70.45 (+1.05%)

Oil (Brent): $US73.66 (+1.01%)

Coal: $US177.60 (+0.06%)

Iron 62pc Fe: $US129.66 (-2.64%)

AUD/USD: $US0.7366 (+0.14%)

Bitcoin: $US45,109.35 (+0.06%)

WHAT GOT YOU TALKING YESTERDAY?

Uranium is all the rage and yellowcake aficionados are going crazy for ASX uranium stocks.

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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.

MONDAY’S BIGGEST WINNERS

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

Delecta (ASX:DLC) was one of the biggest uranium winners and it actually had news.

The company told shareholders it was resuming exploration at its Rex uranium project in Colorado, with spot prices forecast to rise short term to US$48/lb by 2024 and US$60/lb by 2028 (although at the current price trajectory that would be conservative).

“Due to renewed optimism surrounding future uranium pricing, the Company recently decided to ramp up exploration at its majority owned REX uranium-vanadium project,” managing director Malcolm Day said. “The project’s history of uranium mining, its proximity to operating infrastructure and the prevailing supportive government regime, bodes well for the development of the project.

“We look forward to continuing exploration at the REX project and evaluating other potential uranium-vanadium projects in the area.”

Outside of uranium, oil and gas supplier Hydrocarbon Dynamics (ASX:HCD) was up almost 36% on positive news from a paid trial of its multi-flow product with a ‘large Australian oil and gas producer’ in the Cooper Basin.

The paid trial consists of three separate treatments to remediate and inhibit the debilitating effects of paraffin deposition in oil tanks, wells, and flowlines using HCD Multi-Flow.

According to the company, results to August 26 indicated that since the introduction of HCD Multi-Flow the operator reported “exceptional improvements in well performance, cleaner flow lines and no additional build-up of sludge in the tanks.”

MONDAY’S BIGGEST LOSERS

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