CAPITAL MARKETS

Stocks to Watch: November

IT may be the home stretch of 2020, but November could prove to be one of the most volatile months of the year.

Staff reporter
Stocks to Watch: November

The US election and a spike in COVID-19 cases in the Northern Hemisphere rattled markets last week.

The US reported over 99,000 new cases of the virus on Friday, while England went into a four-week lockdown today to try to combat the spread.

"The uncertainties related to the upcoming US elections and development of COVID-19 vaccines make it unusually challenging for economic forecasts in 2021," UBS said late last week.

"US election will determine the size of fiscal stimulus, and hence, strength of US and global economic recovery, as well as the risk of any new trade tensions. How soon a vaccine is available matters for the recovery of domestic and global activities."

It has been reported that more than 90 million Americans have already voted ahead of election day tomorrow.

The polls are predicting Democrat Joe Biden to beat president Donald Trump in a landslide.

"The polls have a near-senile corrupt political hack who generates miserable voter turnout at rallies well ahead of the dynamic non-politician Donald Trump who has tens of thousands repeatedly appearing at his many rallies," Martin Place Securities head of resources Barry Dawes said this morning.

"A Trump win would change the world for the better. A Biden win would be an absolute disaster for us all."

Another risk for markets is that Trump refuses to accept the result, or that violence breaks out.

November is expected to be a quieter month for news following quarterly reporting season, though many companies are drilling.

Musgrave Minerals' delayed maiden resource for the high-grade Starlight and White Light lodes at Break of Day deposit is still awaited, with the company confirming today the news was expected this month.

Magnetic Resources is expected to report a maiden resource for its gold ground near Laverton.

Galan Lithium is expected to release a scoping study for its HMW brine project in Argentina.

St Barbara has suggested its ‘Building Brilliance' strategy could be unveiled either later this month or early next month, while Sandfire Resources has said the same of the feasibility study for its T3 copper project in Botswana.

Pathfinder Resources, Aurumin, Native Mineral Resources, Caspin Resources, Duke Exploration, Metal Hawk and WA Kaolin are among the newcomers aiming to list this month.

Aside from annual general meetings, there are also a few events this month.

Africa Downunder will be held in Perth this week, with late morning starts to allow for virtual presentations from African politicians and diplomats.

For the first time, the event will allow for virtual delegates and live streaming of presentations.

Resources Rising Stars, usually held on the Gold Coast in May, will become a hybrid event.

An in-person "investor zone" will be set up on the Gold Coast, while most of the presentations will be made from a live event in Perth. Presentations will also be streamed.

It will be a similar situation for the Noosa Mining & Exploration Investor Conference, which will have limited places for people to attend in-person on the Sunshine Coast, while presentations will be streamed.

Another edition of the Virtual Gold Conference will also be held later this month, all virtually.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.