On Stockhead today, many exciting things are happening. Dan is back from Man Cave, Angie and Reuben are chasing naughty resources bosses, Rachel’s cats’ claws are getting clipped, Sam is wrangling recalcitrant private sector financiers, and Peter has returned to his beloved Apple Isle and bootleg cider vats.

But enough about us – here’s what you need to know about the week ahead.

 

The week ahead in data

There’s not a lot happening this week, as the re-elected Liberal-National government settles back into the same comfortable old seats they’ve inhabited since 2013.

 

Company news

Tuesday:

GWR Group (ASX: GWR) – drilling update
Millenium Minerals (ASX: MOY) – capital raising
LBT Innovations (ASX: LBT) – US FDR submission

Wednesday:

Ovato (ASX: OVT) – capital raising
Pure Alumina (ASX: PUA) – production update
Hawkstone Mining (ASX: HWK) – capital raising
Alderan Resources (ASX: AL8) – capital raising
Venture Minerals (ASX: VMS) – capital raising
Technology Metals (ASX: TMT) – offtake arrangements
Woomera Mining (ASX: WML) – finalisation of proposed acquisition

 

Commodities

Gold: $US1275.98 ($1,847.11) +0.04%

Silver: $US14.43 +0.47%

Oil (Brent): $US72.20 -0.21%

Oil (WTI): $US63.30 +0.69%

Coal: $US81.35 -2.11%

Iron ore 62pc fe: $US96.34 +0.22%

AUD/USD: $US0.6908

 

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What got you talking yesterday

The chitchat on the Stockhead Facebook chat forum yesterday was about Reuben Adams’ article on flying taxis — mostly, to be fair, wondering how we’ll deal with Fifth Element-style air traffic jams.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday, May 20 were:

Monday’s winners

Investors in IDT Australia (ASX:IDT) won big yesterday after the company announced it’d got its golden cannabis ticket: a manufacturing licence. Not only does it mean it can start making cannabis products, but partner Cann Group (ASX:CAN) now has an outlet for its own raw material and AusCann (ASX:AC8) finally has a local resin supplier.

Gulf Manganese (ASX:GMC) was the next beneficiary of positive news, saying an Indonesian shipping licence received last week for manganese ore means it’s on track for first sales.

And ApplyDirect (ASX:AD1) has won the Pharmacy Guild of Australia as a client, being contracted to build them a system which can connect possible hires with potential employers in the pharmacy industry.

Ticker Name Price % Chg Volume Market cap
MAU Magnetic Resources NL 0.12 60% $71,700,000 31.1k
MDI Middle Island Resources Ltd 0.006 50% $63,300,000 1.7M
IPT Impact Minerals Ltd 0.007 40% $9,300,000 1.5M
IDT IDT Australia Ltd 0.2 38% $47,400,000 7.6M
WZR Wisr Ltd 0.19 36% $147,800,000 46.5M
GMC Gulf Manganese Corp Ltd 0.01 33% $33,700,000 38.6M
LRS Latin Resources Ltd 0.002 33% $7,000,000 6.1M
PWN Parkway Minerals NL 0.004 33% $2,400,000 2.6M
TOM Tomizone Ltd 0.004 33% $1,700,000 246.3k
AD1 ApplyDirect Ltd 0.02 33% $8,500,000 356.2k
CT1 CCP Technologies Ltd 0.01 30% $5,800,000 4.7M
CIO Connected IO Ltd 0.0025 25% $4,500,000 11.4M
FTT Factor Therapeutics Ltd 0.005 25% $5,200,000 185.1k
MRQ MRG Metals Ltd 0.005 25% $3,300,000 1.6M
NEW Norwest Energy NL 0.005 25% $471,300,000 750.0k
QTM Quantum Health Group Ltd 0.03 21% $37,300,000 154.1k
DHR Dark Horse Resources Ltd 0.006 20% $11,900,000 5.3M
EPM Eclipse Uranium Ltd 0.003 20% $3,400,000 433.3k
SPQ Superior Resources Ltd 0.006 20% $4,100,000 500.0k
SRN Surefire Resources NL 0.006 20% $3,000,000 250.0k
VEC Vector Resources Ltd 0.006 20% $25,700,000 7.0M
SMC Strategic Minerals Corp NL 0.36 20% $30,900,000 472.2k

 

Monday’s losers

Leading the losing team with news was the perpetually troubled speed camera operator Redflex (ASX:RDF), the problem being that Texas has basically banned speed cameras.

Redflex’s Texas contracts made up about 13 per cent of its revenues derived in the six-month period ended 31 December 2018.

The company has some chequered history in the US, where it recently settled a bribery case with the US Department of Justice.

E2 Metals (ASX: E2M) had a rubbish start to the week, as investors were frankly unimpressed by a set of drilling results when compared to the company’s share price.

Ticker Company Price % Chg Volume Market cap
MSI Multistack International Ltd 0.01 -60% $674,000 3.6k
CDH Chongherr Investments Ltd 0.003 -40% $391,000 140.0k
KLH Kalia Ltd 0.001 -33% $2,500,000 1.0M
CYQ Cycliq Group Ltd 0.002 -33% $1,900,000 32.5k
AYR Alloy Resources Ltd 0.002 -33% $3,400,000 300.0k
TYX Tyranna Resources Ltd 0.004 -27% $3,800,000 563.2k
DVL DorsaVi Ltd 0.07 -26% $15,100,000 54.9k
RDF Redflex Holdings Ltd 0.39 -25% $58,600,000 360.6k
E2M E2 Metals Ltd 0.19 -24% $14,500,000 695.5k
BPL Broken Hill Prospecting Ltd 0.015 -21% $2,200,000 600.0k
MAG Magmatic Resources Ltd 0.02 -20% $2,300,000 150.0k
NES Nelson Resources Ltd 0.06 -20% $2,600,000 121.3k
GPP Greenpower Energy Ltd 0.002 -20% $3,100,000 17.9M
BNL Big Star Energy Ltd 0.004 -20% $1,300,000 500.1k
CRS Caprice Resources Ltd 0.14 -19% $4,700,000 75.0k
INV Investsmart Group Ltd 0.09 -19% $11,600,000 48.0k
AX8 Accelerate Resources Ltd 0.04 -19% $1,700,000 70.0k

 
That’s all you need to know. Move along now.