Rise and Shine: What you need to know before the ASX opens
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News
On Stockhead today, Guy Le Page ponders stagflation, Bitcoin ETFs and a Mali gold play, is mining getting it right for women, and investing in Japanese shares.
But first, the day ahead.
Thursday
Centrex Metals (ASX:CXM) – capital raising
BIR Financial (ASX:BIR) – corporate transaction
Gold Road Resources (ASX:GOR) – ore reserve increase
Toys’R’Us (ASX:TOY) – new contract
Auroch Minerals (ASX:AOU) – capital raising
West African Resources (ASX:WAF) – acquisition and capital raising
Friday
Bioxyne (ASX:BXN) – potential acquisition
Vulcan (ASX:VUL) – short seller response
Mighty Craft (ASX:MCL) – capital raising
Gascoyne Resources (ASX:GCY) – takeover offer update
ECS Botanics (ASX:ECS) – capital raising
Sky Metals (ASX:SKY) – capital raising
Pacific Nickel Mines (ASX:PNM) – capital raising
Prospect Resources (ASX:PSC) – capital raising
Korab Resources (ASX:KOR) – capital raising
Gold: US$1,797.23 ($2,390.74) (+0.26%)
Silver: US$24.08 ($32.03) (-0.24%)
Oil (WTI): US$82.10 (-3.01%)
Oil (Brent): US$84.12 (-2.65%)
Coal: US$223.35 (-1.17%)
Iron 62pe Fe: US$122.36 (-0.09%)
AUD/USD: US$0.7518 (+0.25%)
Bitcoin: US$58,922.17 ($78,380.51) (-5.26%)
Market chatter was abuzz with the news about short seller J Capital’s scathing research note on $1.85 billion lithium rocket Vulcan Energy.
J Capital and its boss Tim Murray have made few dents so far in efforts to take down Aussie tech plays Nearmap (ASX:NEA) and Wisetech (ASX:WTC).
But it was Vulcan’s all-guns-blazing response to the report that drew more ire from investors on the Twittersphere than the contents of the report itself.
Critics accused Vulcan of “playing the man” after focusing more on Murray’s background as a Chinese policy expert and lack of experience in geothermal energy and lithium mining than addressing any of the allegations in the note.
It later entered a trading halt to prepare a more detailed response, due to be delivered by Friday.
how it started: how it’s going:$VUL pic.twitter.com/7gA1VB3tq2
— Chris (@Trader_C_ASX) October 26, 2021
Many Vulcan investors will stay fiercely loyal.
I can’t wait to read $VUL’s rebuttal! Knowing where it is coming from, it will shoot down your “points” one by one and give many of the weaker hands that were considering selling on open, cause to rethink and hold.
I’d back the DD done by major VUL investors over your “report”.— Morris Miccelli (@MMiccelli) October 27, 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.
Scroll or swipe to reveal table. Click headings to sort.
Code | Company | Price | % | Volume |
---|---|---|---|---|
PCL | Pancontinental Energ | 0.0015 | 50 | 2133000 |
WOO | Wooboard Tech Ltd | 0.003 | 50 | 228452943 |
YPB | YPB Group Ltd | 0.003 | 50 | 320076725 |
AEV | Avenira Limited | 0.022 | 47 | 76600694 |
SHP | South Harz Potash | 0.18 | 29 | 8713040 |
BAS | Bass Oil Ltd | 0.0025 | 25 | 7773337 |
XST | Xstate Resources | 0.005 | 25 | 3389028 |
BUX | Buxton Resources Ltd | 0.115 | 22 | 1036653 |
RWD | Reward Minerals Ltd | 0.17 | 21 | 1696875 |
MGL | Magontec Limited | 0.58 | 21 | 845119 |
8CO | 8Common Limited | 0.205 | 21 | 2539012 |
HNG | HGL Limited | 0.315 | 19 | 288288 |
OPN | Oppenneg | 0.175 | 17 | 232671 |
GTG | Genetic Technologies | 0.007 | 17 | 1588245 |
MNS | Magnis Energy Tech | 0.435 | 16 | 19761036 |
GCY | Gascoyne Res Ltd | 0.48 | 16 | 3131193 |
TZL | TZ Limited | 0.15 | 15 | 3656993 |
SPN | Sparc Tech Ltd | 1.03 | 15 | 2498856 |
AQS | Aquis Ent Ltd | 0.2 | 14 | 22127 |
STM | Sunstone Metals Ltd | 0.068 | 13 | 20956946 |
ICI | Icandy Interactive | 0.105 | 13 | 5774638 |
YPB (ASX:YPB) signed a three-year take-or-pay supply contract that would see it supply anti-counterfeit tech to Shenzhen-based e-durrie company Kingtons.
Sparc Technologies (ASX:SPN) rose after entering into a joint venture to develop green hydrogen technology.
Investment company HGL (ASX:HNG) climbed off the back of its quarterly results.
Scroll or swipe to reveal table. Click headings to sort.
Code | Company | Price | % | Volume |
---|---|---|---|---|
NPM | Newpeak Metals | 0.001 | -50 | 10143801 |
ALT | Analytica Limited | 0.001 | -33 | 2000000 |
ANL | Amani Gold Ltd | 0.002 | -33 | 29309827 |
CAD | Caeneus Minerals | 0.014 | -22 | 93558560 |
CDA | Codan Limited | 10.95 | -19 | 3961411 |
ZGL | Zicom Group Limited | 0.11 | -15 | 272966 |
ERL | Empire Resources | 0.011 | -15 | 339873 |
TSO | Tesoro Resources Ltd | 0.089 | -15 | 5119619 |
FCT | Firstwave Cloud Tech | 0.09 | -14 | 1543100 |
AUH | Austchina Holdings | 0.006 | -14 | 9616398 |
GGX | Gas2Grid Limited | 0.003 | -14 | 2000000 |
LSA | Lachlan Star Ltd | 0.034 | -13 | 45658686 |
KCN | Kingsgate Consolid. | 1.73 | -13 | 4124026 |
MRD | Mount Ridley Mines | 0.007 | -13 | 15588978 |
M2R | Miramar | 0.175 | -13 | 347340 |
CMD | Cassius Mining Ltd | 0.021 | -13 | 22390687 |
NUH | Nuheara Limited | 0.021 | -13 | 11005870 |
TEM | Tempest Minerals | 0.021 | -13 | 3558842 |
CBL | Control Bionics | 0.5 | -12 | 159590 |
ARD | Argent Minerals | 0.036 | -12 | 6639357 |
A2M | The A2 Milk Company | 6.03 | -12 | 24295770 |
LKE | Lake Resources | 0.86 | -12 | 18590707 |