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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, is Victoria’s 2.75pc gold royalty a ‘job-wrecking tax grab’, should you back a small cap into a JV, and why infrastructure is the new mining.
But first, here’s what you need to know before markets open.
The day ahead in data
It’s a quiet one domestically, with no major markets news on the global front either.
US data later tonight will be led by consumer confidence figures for May and the Dallas Fed’s monthly manufacturing index.
Company news
The following nine companies should come out of a trading halt or voluntary suspension in the next 48 hours:
Tuesday:
Estrella Resources (ASX: ESR) – exploration update
Auroch Minerals (ASX: AOU) – acquisition
Wednesday:
Greenpower Energy (ASX: GPP) – addressing SPP shortfall
CropLogic (ASX: CLI) – capital raising
Cape Lambert Resources (ASX: CFE) – capital raising
AHAlife (ASX: AHL) – capital raising
Pointerra (ASX: 3DP) – licensing agreement
Uniti Wireless (ASX: UWL) – capital raising
Orminex (ASX: ONX) – addressing ASX query
Commodities
Gold: $US1,285.11 ($1,857.49) +0.17%
Silver: $US14.60 +0.16%
Oil (Brent): $US68.68 +1.79%
Oil (WTI): $US59.25 1.25%
Coal: $US82.10
Iron ore 62pc fe: $US108.62 +3.1%
AUD/USD: $US0.6920
What got you talking yesterday
Over on the the Stockhead Facebook chat forum, reader Steve Roswell highlighted dysprosium as another of the rare earth plays that investors should be wary of.
“Interest is growing globally for Rare Earths #rareearth including the #Dysprosium price rise. There are 15 #TSX #TSXV & 12 #ASX projects with Dysprosium. 14 in exploration & 13 in Advanced project stage,” he wrote.
And these were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday:
Close Top 5 #MostDiscussedStocks: $PCK $BRU $LTR $SAS $ECT #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) May 27, 2019
Yesterday’s winners
Mineral exploration company Rafaella Resources (ASX: RFR) climbed to 14 cents, an intraday gain of 100 per cent.
Markets reacted positively to news that Rafaella had entered into a binding heads of agreement to purchase the Santa Comba tungsten and tin project in northwestern Spain in an all-share deal.
“To support the development of Santa Comba, Rafaella also proposes to conduct a share placement to raise a targeted $2.6m at 20 cents per share,” the company said.
| Ticker | Name | Price | % Chg | Market cap |
|---|---|---|---|---|
| RFR | Rafaella Resources Ltd | 0.14 | 100% | $5.3M |
| UTR | Ultracharge Ltd | 0.0035 | 75% | $3.8M |
| CZN | Corazon Mining Ltd | 0.003 | 50% | $4.1M |
| PCK | Painchek Ltd | 0.13 | 41% | $113.0M |
| SUD | Suda Pharmaceuticals Ltd | 0.007 | 40% | $18.1M |
| LBT | LBT Innovations Ltd | 0.19 | 39% | $39.2M |
| ONX | Orminex Ltd | 0.15 | 36% | $80.9M |
| DRE | Dreadnought Resources Ltd | 0.004 | 33% | $4.4M |
| MLS | Metals Australia Ltd | 0.002 | 33% | $5.4M |
| RMG | RMG Ltd | 0.01 | 27% | $8.6M |
| WEL | Winchester Energy Ltd | 0.03 | 27% | $11.6M |
| AIR | Astivita Ltd | 0.43 | 26% | $23.1M |
| KGM | KalNorth Gold Mines Ltd | 0.005 | 25% | $4.5M |
| LNY | Laneway Resources Ltd | 0.01 | 25% | $36.8M |
| B2Y | Bounty Mining Ltd | 0.09 | 24% | $33.5M |
| IS3 | I Synergy Group Ltd | 0.16 | 23% | $29.3M |
| WHK | WhiteHawk Ltd | 0.14 | 22% | $21.9M |
| NXS | Next Science Ltd | 3.38 | 22% | $603.4M |
| DTR | Dateline Resources Ltd | 0.003 | 20% | $23.9M |
| ELT | Elementos Ltd | 0.006 | 20% | $9.3M |
| FTT | Factor Therapeutics Ltd | 0.006 | 20% | $6.3M |
| SPQ | Superior Resources Ltd | 0.006 | 20% | $4.1M |
| WCN | White Cliff Minerals Ltd | 0.006 | 20% | $4.1M |
Yesterday’s losers
Among yesterday’s laggards, two resources minnows led the market lower with Quantum Graphite Ltd (ASX: QGL) and Gladiator Resources Ltd (ASX: GLA) both losing a third of their value on no news.
| Ticker | Company | Price | % Chg | Market cap |
|---|---|---|---|---|
| QGL | Quantum Graphite Ltd | 0.002 | -33% | $15.1m |
| GLA | Gladiator Resources Ltd | 0.001 | -33% | $1.5m |
| RD1 | Registry Direct Ltd | 0.03 | -30% | $3.6M |
| MGT | Magnetite Mines Ltd | 0.005 | -29% | $4.0M |
| AKN | Auking Mining Ltd | 0.0015 | -25% | $1.4M |
| RAG | Ragnar Metals Ltd | 0.007 | -22% | $2.2M |
| GTG | Genetic Technologies Ltd | 0.007 | -22% | $19.0M |
| JJF | Jiajiafu Modern Agriculture Ltd | 0.04 | -20% | $3.4M |
| TRL | Tanga Resources Ltd | 0.002 | -20% | $2.5M |
| MHC | Manhattan Corp Ltd | 0.004 | -20% | $3.0M |
| MBK | Metal Bank Ltd | 0.01 | -20% | $7.1M |
| CIO | Connected IO Ltd | 0.002 | -20% | $3.6M |
| AUT | Auteco Minerals Ltd | 0.004 | -20% | $4.0M |
| IMC | Immuron Ltd | 0.16 | -18% | $22.2M |
| HHM | Hampton Hill Mining NL | 0.01 | -18% | $4.1M |
| GTE | Great Western Exploration Ltd | 0.004 | -17% | $3.9M |
| TMX | Terrain Minerals Ltd | 0.0025 | -17% | $1.6M |
| NAE | New Age Exploration Ltd | 0.005 | -17% | $4.4M |
| HIP | Hipo Resources Ltd | 0.01 | -17% | $3.9M |
| ANL | Amani Gold Ltd | 0.0025 | -17% | $9.2M |
| ADX | ADX Energy Ltd | 0.005 | -17% | $6.1M |
| AAU | Adcorp Australia Ltd | 0.01 | -17% | $4.6M |
