Good morning and welcome to the last ever Tuesday in a February in 2019. Make it count.

Today on Stockhead, echoes of the GFC as the case for gold strengthens, eSense’s Haim Cohen hops in the Pot Seat and all about the ASX’s first daigou play.

But first, here’s what you need to know right now:


The week ahead in data

Not a great deal today, just the ANZ Roy Morgan weekly consumer confidence index survey results. You’ll be able to see those here.


Company news

Just one company out of a trading halt tomorrow — sim card maker amaysim (ASX:AYS), set to announce capital raise as well as its half-year earnings. It says funds raised will go towards “the execution of strategic growth initiatives in its mobile and energy business” as well as refinancing its existing debt facilities.

The Australian Financial Review‘s Street Talk column predicted it will be a rights issue managed by Macquarie Capital.

Two companies have shares coming out of escrow today: Aeeris (ASX:AER) with 127,500 and Integral Diagnostics (ASX:IDX) with 776,720.



Gold: $US1330.52 ($1854.08) +0.02%

Silver: $US15.93 -0.09%

Oil (Brent): $US64.57 -3.81%

Oil (WTI): $US55.34 -3.30%

Coal: $US94.25 +0.86%

Iron ore 62% fe: $US87.50 -1.13%

AUD/USD: $US0.7176 +0.66%


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What got you talking yesterday

Plenty of chatter over on the Stockhead Small Cap and Micro Cap Chat Facebook forum, which you can get amongst here.

New member Sri Ram shared a post of what looked like a filled prescription for 50 capsules of 25mg CBD oil fetching $633.

Senior Stockhead journalist Rachel Williamson replied that most companies she had spoken to claim to be selling a month’s supply for about $300.

And in other pot-related news, AusCann (ASX:AC8) got a new CEO, one who will be paid nearly half a million dollars, more than a third higher than outgoing boss Elaine Darby received.

“420 grand… Not a bad wicket,” wrote member Stuart Clayton. 

($420k… 4/20… there’s a joke there somewhere…)

Stock gossip forum HotCopper‘s most discussed stocks at days end were:

FBR (ASX:FBR) announced a successful $17 million cap raise as well as releasing a new video showing off its wall-building robot:



Yesterday’s winners

The biggest winner was coal miner NuCoal Resources (ASX:NCR), which rose 56 per cent to 1.4c at close.

That was due to a NSW court throwing out the conviction of a former resources minister and ordering a retrial over his role in the granting of a coal exploration licence in 2008.

Ian Macdonald had been serving a 10-year jail sentence after being found guilty of public misconduct over the granting of the Doyles Creek exploration licence in the NSW’s Hunter Valley.

The licence was granted to Doyles Creek Mining in December 2008, but the company was eventually taken over by NuCoal Resources (ASX:NCR).

The convictions were thrown out because “the court held that the trial judge had misdirected the jury as to the state of mind required to be found guilty of the offence of wilful misconduct in public office”.

Splitit (ASX:SPT) appointed the former managing director of both PayPal Australia and PayPal Japan to lead its Asia Pacific strategy, and shares closed up 17 per cent to 88c.

Andrew Pipolo also worked as the Asia Pacific director at LoopPay (now Samsung Pay) and VP of merchant acceptance Asia Pacific for MasterCard.

ASX codeCompany namePrice% changeMarket capVolume
NCR NuCoal Resources Ltd0.01456%$10,800,0001.0M
CMD Cassius Mining Ltd0.0254%$5,200,000170.6k
CCG CommsChoice Group Ltd0.09952%$10,800,000335.1k
ARO Astro Resources NL0.00350%$3,800,0001.1M
BMG BMG Resources Ltd0.0143%$4,900,00010.1M
PCL Pancontinental Oil & Gas NL0.00233%$10,800,0004.6M
DCL DomaCom Ltd0.1429%$17,800,00054.8k
AMG Ausmex Mining Group Ltd0.07229%$29,700,0001.6M
LON Longtable Group Ltd0.3228%$39,300,0001.4M
DVL DorsaVi Ltd0.04227%$8,600,00022.6k
NES Nelson Resources Ltd0.1525%$7,300,000399.6k
BUY Bounty Oil & Gas NL0.00525%$4,800,000500.0k
PMY Pacifico Minerals Ltd0.00525%$8,200,000250.0k
ALY Alchemy Resources Ltd0.01623%$7,000,0002.3M
RHT Resonance Health Ltd0.07822%$30,200,00021.7M
IRD Iron Road Ltd0.08521%$59,000,000681.2k
OPN OpenDNA Ltd0.04121%$8,300,0001.9M
EVE EVE Investments Ltd0.00620%$13,600,00020.5M
GBZ GBM Resources Ltd0.00620%$6,500,000330.3k
PEK Peak Resources Ltd0.0320%$24,000,0001.5M
GTN GTN Ltd1.1319%$242,700,0002.2M
SE1 Sensera Ltd0.1319%$36,800,000.001.2M
SPT Splitit Payments Ltd0.8817%$232,300,00013.5M


Yesterday’s losers

GetSwift (ASX:GSW) shares fell to a new all-time low on Monday, dropping as much as 36 per cent to 28c, after ASIC launched civil proceedings against the company and directors Bane Hunter and Joel MacDonald.

That’s a long way short of its all-time highs of $4.60.

GetSwift and Messrs Hunter and MacDonald will “vigorously defend” the proceedings.

ASX codeCompany nameLast price% changeMarket capVolume
AMT Allegra Orthopaedics Ltd0.1-48%$10,500,00089.9k
VPR Volt Power Group Ltd0.001-33%$8,200,00011.6M
NWE Norwest Energy NL0.002-33%$6,800,0001.6M
AYM Australia United Mining Ltd0.002-33%$3,700,000100.0k
ABL Abilene Oil and Gas Ltd0.004-33%$1,600,0002.5k
GSW GetSwift Ltd0.3-32%$54,700,0003.8M
AFR African Energy Resources Ltd0.012-29%$7,500,00010.4k
ADV Ardiden Ltd0.003-25%$5,900,0001.1M
SBR Sabre Resources Ltd0.004-20%$1,600,0005.7M
NVO NVOI Ltd0.004-20%$1,700,000591.0k
MNC Metminco Ltd0.002-20%$2,400,0001.5M
LMG Latrobe Magnesium Ltd0.008-20%$10,400,0001.4M
ENE Enevis Ltd0.21-19%$14,000,0007.0k
SVT ServTech Global Holdings Ltd0.0013-19%$2,800,000959.9k
HNR Hannans Ltd0.009-18%$19,900,0008.8M
HGM High Grade Metals Ltd0.009-18%$4,100,0001.9M
BOC Bougainville Copper Ltd0.14-18%$56,100,00087.1k
SER Strategic Energy Resources Ltd0.005-17%$4,500,000328.3k
RMX Red Mountain Mining Ltd0.005-17%$3,900,0001.5M
NAE New Age Exploration Ltd0.005-17%$3,600,000260.5k
ELT Elementos Ltd0.005-17%$7,700,0002.1M
DDD 3D Resources Ltd0.0025-17%$2,800,00039.5k
SPZ Smart Parking Ltd0.1-16%$38,600,0002.6M


That’s all you need to know. Hop to it!