Rise and Shine: What you need to know before the ASX opens
Link copied to
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.
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.
GWR Group (ASX: GWR) – drilling update
Millenium Minerals (ASX: MOY) – capital raising
LBT Innovations (ASX: LBT) – US FDR submission
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
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%
Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday, May 20 were:
— HotCopper (@HotCopper) May 20, 2019
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.
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.
That’s all you need to know. Move along now.