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 before markets open.
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.
The following nine companies should come out of a trading halt or voluntary suspension in the next 48 hours:
Estrella Resources (ASX: ESR) – exploration update
Auroch Minerals (ASX: AOU) – acquisition
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
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%
Iron ore 62pc fe: $US108.62 +3.1%
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:
— HotCopper (@HotCopper) May 27, 2019
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.
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.