Rise and Shine: What you need to know before the ASX opens
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But first, here’s what you need to know about the week ahead.
The Australian Bureau of Statistics today drops construction data, but there is little else happening in the world of data.
The ASX200 gained 24 points to 6,500 yesterday but the small ords took a hit, down 9.3 points to 2,835.3.
No shares coming out of escrow tomorrow. The following 10 companies are due out of a trading halt in the next 48 hours:
Pure Alumina (ASX:PUA) – production update
Hawkstone Mining (ASX:HWK) – capital raising
Alderan Resources (ASX:AL8) – capital raising
Technology Metals (ASX:TMT) – offtake arrangements
Woomera Mining (ASX:WML) – finalisation of proposed acquisition
Amani Gold (ASX:ANL) – acquisition & capital raising
Intiger Group (ASX:IAM) – pilot program agreement
AdAlta (ASX:1AD) – capital raising
Myanmar Metals (ASX:MYL) – capital raising
Carbine Resources (ASX:CRB) – response to a price query
Gold: $US1,274.67 ($1,851.46) -0.25%
Silver: $US14.43 -0.24%
Oil (Brent): $US72.01 +0.03%
Oil (WTI): $US62.82 -0.43%
Coal: $US82.25 +1.11%
Iron ore 62pc fe: $US96.38 +0.04%
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The lunchtime wrap, accompanied by a picture from Game of Thrones, prompted a lengthy response from member Mel Culley on the Stockhead Facebook chat forum. We won’t spoil you, but seriously, do yourself a favour – it could teach George R R himself a thing or two about epics.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Tuesday:
— HotCopper (@HotCopper) May 21, 2019
LBT Innovations (ASX:LBT) was the biggest winner, up 136 per cent to 17c after its half-owned joint venture Clever Culture Systems received FDA clearance for an instrument that can process 200 culture plates an hour and see which are growing bacteria. It was the last hurdle in order to start selling in the US.
CCP Technologies (ASX:CT1) was also doing well, up 38 per cent to 2c. It followed a sale announcement yesterday (shares up 60 per cent) with news that one of their low-temperature devices has passed Monash University testing (shares up 54 per cent). That suggests its disastrous foray into cryptocurrency last year and shedding of executives has been forgiven.
A shortfall in an entitlement offer intended to raise $5.3 million fell short for 9 Spokes (ASX:9SP), which saw shares in the company drop 18 per cent to 2c yesterday.
The company raised only $2.7 million, though underwriter Patersons Securities will foot the remaining bill.
That’s all you need to know. Go find yourself an new TV series.