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

On Stockhead today, the ASX booze stocks that returned double digits this year, why Africa’s the place to be for a new gold miner and Warren Buffett’s strategy explained.

But first … the day ahead.

Today, the ABS releases the main measure of wages in the economy – the Wage Price Index.

“Wages rose by just 0.4 per cent in the June quarter to be up 1.7 per cent on the year,” says CommSec chief economist Craig James.  “But anecdotal evidence suggests that wages are lifting in hospitality and construction sectors due to international border restrictions.”

TRADING HALTS

The following companies are in trading halts and are expected out in the next two trading days:

Wednesday

Pharmaxis (ASX:PXS) – capital raising
PlaySide Studios (ASX:PLY) – capital raising
Aumake (ASX:AUK) – capital raising
Leaf Resources (ASX:LER) – chemical plant incident
Nexion (ASX:NNG) – capital raising
Raiden Resources (ASX:RDN) – re-interpretation modelling results
West Wits Mining (ASX:WWI) – capital raising
Globe Metals and Mining (ASX:GBE) – organisational change
PYC Therapeutics (ASX:PYC) – NHP safety results
Lion Energy (ASX:LIO) – capital raising
Wildcat Resources (ASX:WC8) – capital raising
Noxopharm (ASX:NOX) – government grant
AuKing Mining (ASX:AKN) – capital raising
MinRex Resources (ASX:MRR) – acquisition

Thursday:

Pacific Nickel Mines (ASX:PNM) – assay results
Activex (ASX:AIV) – capital raising
Turaco Gold (ASX:TCG) – capital raising
Blue Star Helium (ASX:BNL) – water well program update
Volt Resources (ASX:VRC) – European lithium license applications
Black Dragon Gold Corp (ASX:BDG) – capital raising
Kingston Resources (ASX:KSN) – acquisition and capital raising
Tinybeans (ASX:TNY) – capital raising

MARKETS (updated at 7.30am AEDT)

Gold: $US1,850.66 ($2,534.10) (-0.63%)

Silver: $US24.83 ($34.00) (-0.83%)

Oil (WTI): $US80.82 (-0.07%)

Oil (Brent): $US82.49 (+0.54%)

Coal: $US149.35 (-2.39%)

Iron 62pc Fe: $US92.01 (-0.38%)

AUD/USD: $US0.7303 (-0.58%)

Bitcoin: $US59,886.67 ($82,003.96) (-6.44%)

WHAT GOT YOU TALKING YESTERDAY?

The gold price is rumbling.

#Gold the road to $2500 pic.twitter.com/07JQxNyBvr

— 258 Capital (@258Capital) November 16, 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.

YESTERDAY’S WINNERS

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Graphite play Evolution Energy Minerals (ASX:EV1)  exploded off the blocks with shares in the company up 225% on debut.

The company, a spin-off of Marvel Gold’s (ASX:MVL) graphite assets, already had a warm welcome from investors prior to listing with its oversubscribed initial public offering raising a rather substantial $22m, well above the minimum of $13m it was seeking.

The performance places it well in the ranks of the best performing IPOs this year, beaten out only by Kuniko (ASX:KNI) and its jaw-dropping 740% gain to date, Lithium Energy (ASX:LEL) with its 390% gain, Australasian Gold (ASX:A8G), which is up 265% and 92 Energy (ASX:92E), up 245%.

Legacy Iron Ore (ASX:LCY) and joint venture partner Hawthorn Resources (ASX:HAW) continued to rerate yesterday after a subsidiary of Gina Rinehart’s Hancock Prospecting inked a deal Monday to shell out an initial $9m to earn into the ‘Mt Bevan’ iron ore project in WA (LCY 60%, HAW 40%).

And junior Ausquest’s (ASX:AQD) longstanding strategic exploration alliance with major miner South32 (ASX:S32) has been extended for a further two years.

Over this time S32 will fund all exploration activities, including drilling, over AQD’s copper, zinc and nickel projects in Australia and Peru.

YESTERDAY’S LOSERS

Scroll or swipe to reveal table. Click headings to sort.