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 code Company name Price % change Market cap Volume
NCR NuCoal Resources Ltd 0.014 56% $10,800,000 1.0M
CMD Cassius Mining Ltd 0.02 54% $5,200,000 170.6k
CCG CommsChoice Group Ltd 0.099 52% $10,800,000 335.1k
ARO Astro Resources NL 0.003 50% $3,800,000 1.1M
BMG BMG Resources Ltd 0.01 43% $4,900,000 10.1M
PCL Pancontinental Oil & Gas NL 0.002 33% $10,800,000 4.6M
DCL DomaCom Ltd 0.14 29% $17,800,000 54.8k
AMG Ausmex Mining Group Ltd 0.072 29% $29,700,000 1.6M
LON Longtable Group Ltd 0.32 28% $39,300,000 1.4M
DVL DorsaVi Ltd 0.042 27% $8,600,000 22.6k
NES Nelson Resources Ltd 0.15 25% $7,300,000 399.6k
BUY Bounty Oil & Gas NL 0.005 25% $4,800,000 500.0k
PMY Pacifico Minerals Ltd 0.005 25% $8,200,000 250.0k
ALY Alchemy Resources Ltd 0.016 23% $7,000,000 2.3M
RHT Resonance Health Ltd 0.078 22% $30,200,000 21.7M
IRD Iron Road Ltd 0.085 21% $59,000,000 681.2k
OPN OpenDNA Ltd 0.041 21% $8,300,000 1.9M
EVE EVE Investments Ltd 0.006 20% $13,600,000 20.5M
GBZ GBM Resources Ltd 0.006 20% $6,500,000 330.3k
PEK Peak Resources Ltd 0.03 20% $24,000,000 1.5M
GTN GTN Ltd 1.13 19% $242,700,000 2.2M
SE1 Sensera Ltd 0.13 19% $36,800,000.00 1.2M
SPT Splitit Payments Ltd 0.88 17% $232,300,000 13.5M
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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 code Company name Last price % change Market cap Volume
AMT Allegra Orthopaedics Ltd 0.1 -48% $10,500,000 89.9k
VPR Volt Power Group Ltd 0.001 -33% $8,200,000 11.6M
NWE Norwest Energy NL 0.002 -33% $6,800,000 1.6M
AYM Australia United Mining Ltd 0.002 -33% $3,700,000 100.0k
ABL Abilene Oil and Gas Ltd 0.004 -33% $1,600,000 2.5k
GSW GetSwift Ltd 0.3 -32% $54,700,000 3.8M
AFR African Energy Resources Ltd 0.012 -29% $7,500,000 10.4k
ADV Ardiden Ltd 0.003 -25% $5,900,000 1.1M
SBR Sabre Resources Ltd 0.004 -20% $1,600,000 5.7M
NVO NVOI Ltd 0.004 -20% $1,700,000 591.0k
MNC Metminco Ltd 0.002 -20% $2,400,000 1.5M
LMG Latrobe Magnesium Ltd 0.008 -20% $10,400,000 1.4M
ENE Enevis Ltd 0.21 -19% $14,000,000 7.0k
SVT ServTech Global Holdings Ltd 0.0013 -19% $2,800,000 959.9k
HNR Hannans Ltd 0.009 -18% $19,900,000 8.8M
HGM High Grade Metals Ltd 0.009 -18% $4,100,000 1.9M
BOC Bougainville Copper Ltd 0.14 -18% $56,100,000 87.1k
SER Strategic Energy Resources Ltd 0.005 -17% $4,500,000 328.3k
RMX Red Mountain Mining Ltd 0.005 -17% $3,900,000 1.5M
NAE New Age Exploration Ltd 0.005 -17% $3,600,000 260.5k
ELT Elementos Ltd 0.005 -17% $7,700,000 2.1M
DDD 3D Resources Ltd 0.0025 -17% $2,800,000 39.5k
SPZ Smart Parking Ltd 0.1 -16% $38,600,000 2.6M
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That’s all you need to know. Hop to it!