On Stockhead today, could a small cap resources revival be lurking just behind a tech bubble, the infant formula stocks holding their own, and the Melbourne startup trying its luck with a $47m IPO.

But first, here’s what you need to know before markets open.

The day ahead in data

Following yesterday’s rate cut, the local market will get an update on the economy this morning with the release of Q1 GDP data (11:30am AEST).

The median forecast among economists is for quarterly growth of 0.5 per cent, leaving the annual rate at a sluggish 1.8 per cent.

Looking abroad, China has non-government (Caixin) PMI data and there’s ADP employment figures out of the US — a precursor to Friday night’s all important monthly jobs figures.

Company news

There are 15 companies which are expected to come out of a trading halt or voluntary suspension in the next 48 hours:


Volpara Health Technologies (ASX: VHT) – capital raising
LBT Innovations (ASX: LBT) – capital raising
Nickel Mines (ASX: NIC) – capital raising
Great Southern Mining (ASX: GSN) – acquisition of mining licenses
Dacian Gold (ASX: DCN) – production update
Alice Queen (ASX: AQX) – Joint venture proposal.


Arc Exploration (ASX: ARX) – capital raising
Lake Resources (ASX: LKE) – capital raising
Peel Mining (ASX: PEX) – capital raising
Cazaly Resources (ASX: CAZ) – potential project sale
Emerge Gaming (ASX: EM1) – launch of ArcadeX Platform
Elixinol Global (ASX: EXL) – capital raising
Hexagon Resources (ASX: HXG) – Joint Venture
LatAM Autos (ASX: LAA) – capital raising
Venus Metals Corp (ASX: VMC) – potential sale of interest in iron ore project.


Gold: $US1326.32 ($1,896.64) +0.08%

Silver: $US14.82 +0.28%

Oil (Brent): $US14.82 +0.24%

Oil (WTI): $US53.03 -0.62%

Coal: $US75.58 +0.37%

Iron ore 62pc fe: $US100.50 -4.74%

AUD/USD: $US0.6993

What got you talking yesterday

Over on the Stockhead Facebook forum, group member Mark Thomas commented in response to yesterday’s biotech wrap, highlighted by Paradigm Pharmaceuticals (ASX:PAR) which said it may have a solution for the treatment of Ross River Fever.

Amongst other things… OA also! This will be huge over the coming 12-24 months,” Thomas wrote.

Yesterday’s winners

Predictive Discovery (ASX: PDI) led the market from post to post yesterday, following the announcement of gold discovery at its Ferkessedougou North in Cote D’Ivoire. The share price rose as much as 200 per cent before closing 144 per cent higher at 2 cents.

Aurora Minerals (ASX: ARM) came along for the ride, posting a 100 per cent gain on the day courtesy of its 21.9 per cent shareholding in PDI.

Elsewhere, Clean TeQ Holdings (ASX: CLQ) rose almost 30 per cent after announcing it may divest an interest of up to 50 per cent of its Sunrise asset — a wholly-owned nickel, cobalt and scandium project in central NSW. Macquarie Capital has been appointed to run the partnering process.

TickerNamePrice ($)% ChgMarket cap
PDIPredictive Discovery Ltd0.02144%$6.5M
ARMAurora Minerals Ltd0.02100%$2.6M
AVWAvira Resources Ltd0.00350%$3.0M
DDD3D Resources Ltd0.001550%$1.7M
NESNelson Resources Ltd0.0844%$3.6M
EHXEHR Resources Ltd0.0437%$5.2M
CAECannindah Resources Ltd0.01536%$2.7M
DREDreadnought Resources Ltd0.00433%$4.4M
CLQClean TeQ Holdings Ltd0.3527%$261.3M
DKMDuketon Mining Ltd0.1525%$17.7M
CY5Cygnus Gold Ltd0.0525%$3.0M
KKLKollakorn Corp Ltd0.01525%$3.1M
BASBass Oil Ltd0.002525%$6.5M
SUDSuda Pharmaceuticals Ltd0.00525%$12.9M
COBCobalt Blue Holdings Ltd0.1721%$23.0M
AUTAuteco Minerals Ltd0.00620%$6.0M
BMGBMG Resources Ltd0.00620%$6.7M
CDTCastle Minerals Ltd0.00620%$1.3M
FTTFactor Therapeutics Ltd0.00620%$6.3M
RXLRox Resources Ltd/Australia0.01220%$15.1M
SYASayona Mining Ltd0.01220%$20.7M

Yesterday’s losers

A number of penny-stock resources companies led the market lower, with Victory Mines (ASX: VIC), Metals Australia (ASX: MLS), Genesis Minerals (ASX: GES) and Caeneus Minerals (ASX: CAD) all losing a third of their value on no news.

TickerCompanyPrice ($)% ChgMarket cap
VICVictory Mines Ltd0.002-33.33%$2.7M
MLSMetals Australia Ltd0.001-33.33%$2.7M
GESGenesis Resources Ltd0.004-33.33%$3.1M
CADCaeneus Minerals Ltd0.001-33.33%$2.1M
AAUAdcorp Australia Ltd0.007-30.00%$3.2M
GTEGreat Western Exploration Ltd0.005-28.57%$5.0M
EEREast Energy Resources Ltd0.005-28.57%$16.0M
TNRTorian Resources Ltd0.011-26.67%$2.8M
SMISantana Minerals Ltd0.003-25.00%$2.0M
PWNParkway Minerals NL0.003-25.00%$1.8M
MHCManhattan Corp Ltd0.003-25.00%$2.2M
IAMIntiger Group Ltd0.003-25.00%$2.5M
CAVCarnavale Resources Ltd0.003-25.00%$2.2M
NMENex Metals Exploration Ltd0.015-25.00%$2.9M
QEMQEM Ltd0.09-25.00%$9.0M
NAGNagambie Resources Ltd0.03-23.08%$13.1M
FSGField Solutions Holdings Ltd0.02-22.73%$7.3M
MOYMillennium Minerals Ltd0.08-22.00%$69.5M
AMTAllegra Orthopaedics Ltd0.08-21.00%$7.9M