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

On Stockhead today, who won the markets in September, another iron ore mine mothballed, and three ways to invest in decarbonisation.

But first…the day ahead.

Despite today being a public holiday in New South Wales, Queensland and South Australia the ASX will be open for trading today.

The company formerly known as High Grade Metals is scheduled to be relisted a bit after 10am AEDT as Mongolian gas play Jade Gas Holdings (ASX:JGH) after a $7.5 million raising at 3c per share.

TRADING HALTS

Monday

Vimy Resources (ASX:VMY) – project approvals
Wiseway (ASX:WWG) – results lodgement
MSL Solutions (ASX:MSL) – acquisition and capital raising
Sayona Mining (ASX:SYA) – acquisition and capital raising
Tamaska Oil and Gas (ASX:TMK) – resources estimate
Experience Co (ASX:EXP) – rights issue
XTEK (ASX:XTE) – capital raising

Tuesday

Fin Resources (ASX:FIN) – preliminary scoping study works
Woomera Mining (ASX:WML) – capital raising
Adavale Resources (ASX:ADD) – capital raising
Alligator Energy (ASX:AGE) – capital raising
Archer Materials (ASX:AXE) – capital raising
Tietto Minerals (ASX:TIE) – Definitive Feasibility Study
Trigg Mining (ASX:TMG) – release of scoping study
King Island Scheelite (ASX:KIS) – capital raising

MARKETS

Gold: $US1,760.64 ($2,425.22) (+0.23%)

Silver: $US22.520 ($31.02) (+1.44%)

Oil (WTI): $US75.8800 (+1.13%)

Oil (Brent): $US79.2800 (+1.24%)

Coal: $US218.00 (+2.83%)

Iron 62pc Fe: $US115.76 (-3.25%)

AUD/USD: $US0.7256 (+0.41%)

Bitcoin: $US48,781.65 ($67,195.02) (+1.55%)

WHAT GOT YOU TALKING YESTERDAY?

Gladys Berejiklian fell on her sword after NSW’s ICAC announced it was investigating her relationship with former MP Daryl Maguire. Her resignation means it’s now 18 years since a NSW Premier finished a full term in office.

Do you think Gladys is almost relieved that’s she won’t be responsible when freedom day is reversed a month later with 10000 covid cases per day?

— Tolga Kumova (@KumovaTolga) October 1, 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.

LAST WEEK’S BIGGEST WINNERS

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The former TNT Mines has rebranded as Red Dirt Metals (ASX:RDT) and in due course received a new lease on life.

It rose by 117% after announcing last Tuesday that it had identified a new lithium province around Mt Ida in the WA Goldfields, previously only viewed as a gold district.

Predictive Discovery (ASX:PDI) unveiled its Maiden Mineral Resource estimate for its Bankan Gold project in Guinea. It came in at 72.8 million tonnes at 1.56g/t gold for 3.65 million ounces.

Known for its status as a prospect generator, Predictive Discovery only made the Bankan discovery in March last year and has since raised upwards of $35 million from investors excited about its potential.

Speaking of coming to life, Brightstar Resources (ASX:BTR) has fired up the drill rigs at the Cork Tree Well for a major 12,000m RC program after raising $2.3 million to restock its coffers.

The 445,000oz Laverton gold project is a potential restart for Brightstar, with Como Engineers estimating back in May that it would cost about $5.5 million to refurbish and restart its Brightstar mill.

LAST WEEK’S BIGGEST LOSERS

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FYI Resources (ASX:FYI) has entered into a binding term sheet with Alcoa over its high-purity alumina project, counter-intuitively prompting a selloff.

“The involvement of Alcoa will help to transform the HPA project from the current R&D and design stage to reality,” the company said.