Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, we look at whether the ASX’s solid gains in H1 will continue for the rest of the year, the global private equity war chest swells to a record $2.5 trillion and Emerald Resources is starting to shine — just as columnist Tim Treadgold predicted.
Today is all about the interest rate announcement from the Reserve Bank of Australia at 2:30pm AEST.
The market is now expecting the central bank to cut rates for the second time in two months, bringing the official cash rate to 1 per cent, another new all-time low.
Get ready, because there are is an absolute tonne of companies scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Speciality Minerals (ASX:SEI) – acquisition
Smart Marine Systems (ASX:SM8) – capital raising
Collaborate Corp (ASX:CL8) – capital raising
Hot Chili (ASX:HCH) – capital raising
Lifespot Health (ASX:LSH) – product development & distribution heads of agreement
Carnavale Resources (ASX:CAV) – clarification of announcements.
Silver Chef (ASX: SIV) – acquisition of itself
Impression Healthcare (ASX: IHL) – proposed capital raising & expansion
Nova Minerals (ASX: NVA) – capital raising
NeuroScientific Biopharm (ASX: NSB) – announcement on research and development program
Azumah Resources (ASX: AZM) – upgrade to mineral resources
Wellard (ASX: WLD) – recapitalisation
Chalice Gold Mines (ASX: CHN) – sale of Quebec gold projects
Pursuit Minerals (ASX: PUR) – capital raising
Apollo Minerals (ASX: AON) – project announcement
Oro Verde (ASX: OVL) – acquisition
Capricorn Metals (ASX: CMM) – capital raising & board appointments
Piedmont Lithium (ASX: PLL) – capital raising
Aguia Resources (ASX: AGR) – capital raising
Keybridge Capital (ASX: KBC) – company investment
GBST (ASX: GBT) – response to acquisition proposal.
Gold: $US1,387.21 ($1,991.02) +0.27%
Silver: $US15.16 +0.08%
Oil (Brent): $US65.21 +0.02%
Oil (WTI): US58.97 -0.34%
Iron ore 62pc fe: $US121.20 +2.8%
Over on Stockhead’s Facebook chat group, member Ben Murphy was talking up Fatfish Blockchain (ASX:FFG): “Watch FFG, just hit pink slip market today so should be some good volume imo and already broke 0.015 up over 20% today 🤑 and anyone who thinks this is a pump and wishes to comment pointless thoughts please DYOR lol. Sorry forget the emojis that scare people away from these shares so here they are 💰💰💰💸💶💵🚀💰🚀🚀🚀💰💶💸🤞🚀🤞🤑💸💶🚀 😉😁.”
DYOR stands for “do your own research”.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday, July 1:
— HotCopper (@HotCopper) July 1, 2019
Medibio (ASX:MEB) climbed 144 per cent to 2.2c. The medtech play signed on British food service conglomerate Compass Group to the pilot program for its corporate mental health app, ilumen.
The group safety and sustainability director argued the partnership, “demonstrates our commitment to supporting the mental wellbeing of our workforce and that of our customers.”
Phoslock Environmental Technologies (ASX:PET) jumped after announcing it was gaining traction in China following successful trials, up 25 per cent to $1.09.
And Probiotec (ASX:PBP) shares hit their highest point in nearly a decade after acquiring a fellow pharmaceutical packaging company.
|Ticker||Name||Price||% Chg||Volume||Market Cap|
|DDD||3D Resources Ltd||0.002||+100.00%||$2.2M||740.1k|
|PSM||Peninsula Mines Ltd||0.003||+50.00%||$3.0M||2.1M|
|DRE||Dreadnought Resources Ltd||0.004||+33.33%||$4.6M||500.0k|
|SUD||Suda Pharmaceuticals Ltd||0.004||+33.33%||$14.2M||12.7M|
|VIC||Victory Mines Ltd||0.002||+33.33%||$2.7M||183.3k|
|GLH||Global Health Ltd||0.18||+28.57%||$6.1M||2.2k|
|AIY||Authorised Investment Fund Ltd||0.04||+26.67%||$16.0M||362.7k|
|FZO||Family Zone Cyber Safety Ltd||0.19||+26.67%||$38.1M||825.6k|
|PET||Phoslock Environmental Technol||1.09||+25.29%||$601.1M||10.4M|
|KZR||Kalamazoo Resources Ltd||0.15||+25.00%||$13.4M||290.0k|
|RCP||Redbank Copper Ltd||0.015||+25.00%||$1.8M||50.0k|
|CTO||Citigold Corp Ltd||0.005||+25.00%||$10.8M||1.1M|
|MGT||Magnetite Mines Ltd||0.005||+25.00%||$4.0M||100.0k|
|MMR||MEC Resources Ltd||0.005||+25.00%||$2.1M||81.0k|
|NWE||Norwest Energy NL||0.0025||+25.00%||$8.5M||450.0k|
|BOC||Bougainville Copper Ltd||0.13||+23.81%||$52.1M||26.9k|
|IP1||Integrated Payment Technologie||0.02||+23.53%||$6.5M||864.3k|
Among today’s losers are Adacel Technologies (ASX:ADA) and Superloop (ASX:SLC), which both announced multi-million dollar profit downgrades. Adacel was hit nearly three times as bad, falling by over a third because its multi-million profit turned into nearly a multi-million dollar loss.
|Ticker||Company||Price ($)||% Chg||Volume||Market Cap|
|AJC||Acacia Coal Ltd||0.001||-50.00%||$4.1M||1.3M|
|OAR||Oakdale Resources Ltd||0.009||-35.71%||$1.9M||3.5M|
|TSC||Twenty Seven Co Ltd||0.002||-33.33%||$2.0M||38.6k|
|QGL||Quantum Graphite Ltd||0.002||-33.33%||$15.3M||15.0k|
|LRS||Latin Resources Ltd||0.001||-33.33%||$3.9M||25.7M|
|ADA||Adacel Technologies Ltd||0.41||-31.93%||$30.9M||3.4M|
|BAS||Bass Oil Ltd||0.002||-20.00%||$5.2M||5.1M|
|POD||Podium Minerals Ltd||0.07||-19.57%||$7.1M||328|
|AMG||Ausmex Mining Group Ltd||0.1||-16.52%||$46.1M||13.2M|
|JRL||Jindalee Resources Ltd||0.34||-16.25%||$11.7M||600|
|FGO||Flamingo AI Ltd||0.006||-14.29%||$6.7M||2.7M|
|NES||Nelson Resources Ltd||0.05||-13.79%||$2.3M||45.8k|
|BD1||Bard1 Life Sciences Ltd||0.03||-13.79%||$31.7M||35.3M|
|NZC||Nzuri Copper Ltd||0.3||-13.04%||$88.8M||1.3M|
|PNX||PNX METALS Ltd||0.007||-12.50%||$17.0M||11.1M|
|GSS||Genetic Signatures Ltd||1.2||-11.11%||$124.8M||71.4k|
|RBR||RBR Group Ltd||0.02||-11.11%||$11.5M||2.3M|
|MDI||Middle Island Resources Ltd||0.004||-11.11%||$4.2M||129.6k|
|IVO||Invigor Group Ltd||0.004||-11.11%||$11.4M||285.0k|
|IDZ||Indoor Skydiving Australia Gro||0.02||-11.11%||$2.2M||177.0k|