Rise & Shine: What you need to know before the ASX opens
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On Stockhead today, the gold M&A just keeps rolling with Azumah the latest takeover target, SRJ reveals why it thinks Oz is a good place for it to list and the industry that billionaire investor Stephen Schwarzman sees as having ‘Amazon-like’ growth potential.
The Australian Bureau of Statistics will release data on Australian demographics, as well as labour force figures. This includes the all important unemployment figures which will grab the most attention from investors.
The US Federal Reserve has met and will reveal its decision on interest rates at 2pm New York time (4am AEST). It is widely expected to cut interest rates again.
The following companies are in trading halts or suspensions and are expected to exit within the next 48 hours:
Marmota (ASX:MEU) – split results
ALT Resources (ASX:ARS) – funding agreement
Carawine Resources (ASX:CWX) – capital raising
Swick Mining Services (ASX:SWK) – capital raising
Bardoc Gold (ASX:BDC) – capital raising
Rox Resources (ASX:RXL) – capital raising
Paringa Resources (ASX:PNL) – capital raising
Ausmex Mining Group (ASX:AMG) – sale of gold project
YPB Group (ASX:YPB) – capital raising
Big Star Energy (ASX:BNL) – lease update
Gold: $US1,493.34 ($2,189.37) (-0.79%)
Silver: $US17.68 (-1.95%)
Oil (WTI): $US 58.17 (-2.07%)
Oil (Brent): $US63.53 (-1.56%)
Coal: $US70.23 (-1.18%)
Iron 62pc Fe: $US93.97 (-0.06%)
AUD/USD: $US0.6827 (-0.01%)
Bitcoin: $US10,171.20 (-0.29%)
Over on Twitter, Alicanto Minerals (ASX:AQI) was generating interest.
Alicanto has launched into maiden drilling at its Oxberg and Naverberg projects, located within the famously rich Bergslagen volcanogenic massive sulphide (VMS) mining district of Southern Sweden. https://t.co/ZDtURVJZ1w #ad #asx $AQI
— Stockhead (@StockheadAU) September 17, 2019
Over at our small and micro cap chat group members remained interested in Asia’s appetite for Australian infant formula following a takeover deal for Bellamy’s (ASX:BAL).
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These were the five most-tipped stocks (weekly) on Stocks in Play:
|Code||Name||Price||% Chg||Market Cap||Volume|
|AZM||Azumah Resources Ltd||0.03||+100.00%||$27.4M||167.2M|
|ANP||Antisense Therapeutics Ltd||0.08||+63.83%||$32.3M||36.8M|
|MLS||Metals Australia Ltd||0.003||+50.00%||$8.8M||3.2M|
|MMR||MEC Resources Ltd||0.007||+40.00%||$4.5M||4.0M|
|PWN||Parkway Minerals NL||0.007||+40.00%||$8.5M||1.3M|
|ICG||Inca Minerals Ltd||0.004||+33.33%||$12.5M||750.0k|
|GED||Golden Deeps Ltd||0.03||+30.43%||$7.1M||478.4k|
|BUY||Bounty Oil & Gas NL||0.005||+25.00%||$4.8M||4.5M|
|CGN||Crater Gold Mining Ltd||0.02||+25.00%||$24.5M||323.5k|
|HIP||Hipo Resources Ltd||0.01||+25.00%||$3.9M||3.6M|
|KSN||Kingston Resources Ltd||0.02||+23.53%||$37.1M||15.1M|
|BET||Betmakers Technology Group Ltd||0.1||+22.50%||$40.5M||3.4M|
|CYP||Cynata Therapeutics Ltd||1.74||+22.18%||$178.4M||1.6M|