Happy hump day!
Markets are looking strong overnight. Lets have a good day.
Across markets
Australian shares are poised to rise sharply, tracking New York. The Australian dollar surged, edging above US65¢, as the latest US CPI data appears to confirm that the US rates have peaked.
ASX futures were up 87 points or 1.2% to 7112 near 8am AEDT.
“The inflation fever has broken in the United States,” said Bill Adams, chief economist for Comerica Bank.
The yield on the US 10-year note fell 19 basis points to 4.45 per cent at 4.05pm in New York.
“The probability of a rate hike in December and January is now zero and the first rate cut is priced for May as opposed to July yesterday,” ANZ Research said. “Increasingly it looks as if the level of monetary restraint is having the desired outcome on both inflation and the labour market.”
Capital Economics’ Diana Iovanel said she shares the view that the Federal Reserve is done lifting rates and she expects a pivot to rate cuts earlier and faster than markets are discounting.
Source: AFR
- Eight diamond drill holes for 912m now completed at Blakala
- Drilling identified a combined thickness of 233m of pegmatites from the latest five holes
- Assays expected in 2-3 weeks
Special Report: Explorer First Lithium is continuing to unlock the potential of its Blakala prospect within its Gouna project in Mali, completing eight diamond drill holes to date which all show spodumene mineralisation for a combined 430m in thickness.
Mali is vastly underexplored for critical mineral deposits. The last time First Lithium’s tenure was looked at was in the 1960’s, when Russian geologists identified lithium-bearing spodumene.
In fact, Gouna is one of just two Tier 1 priority lithium targets within the nation, as ranked by CSA Global in 2008 – the other being Leo Lithium’s (ASX:LLL) enormous 211Mt Goulamina joint venture project with China’s Ganfeng.
Source: Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.007 -12.50%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 +4.00%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.006 +9.09%
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.019 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.007 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.011 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.013 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.053 +6.00%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.19 Unchanged
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.03 -3.23%
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.013 +18.18%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.395 +1.28%
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.021 +5.00%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.016 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.005 +66.67%
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.022 -4.35%
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