Have you been following the cricket?
Well…Australia is facing South Africa today in the semi-finals.
India has made it to the finals, after a decisive win over NZ last night.
It’s all down to the last two games now!
Across Markets…
The Australian sharemarket fell on Thursday, shrugging off an extended rally on Wall Street and a stronger-than-expected labour force report which showed the economy created 55,000 new jobs last month.
The benchmark S&P/ASX 200 index fell 0.7 per cent, or 47.5 points, to 7058.4 at the closing down, with eight out of the 11 sectors in the red.
The energy sector was the worst performing, tracking the fall in the oil price following an official report that showed swelling US crude inventories. Santos dropped 1.9 per cent to $7.06, Woodside slid 0.8 per cent to $32.1 and Beach fell 4.1 per cent to $1.52.
The increase in employment in October followed an upward revision of 8000 new positions created in September, the data showed. The jobless rate still inched higher to 3.7 per cent from 3.6 per cent.
The $A was holding steady after the report’s release at US65.09¢ after flying to a three-month-high overnight of US65.41¢.
On Wall Street overnight the S&P 500 topped 4500 as investors waded through economic reports for clues on the outlook for the Fed’s next steps.
Retail sales slowed in October and prior months were revised higher – suggesting some US resiliency, while prices paid to US producers unexpectedly declined by the most since April 2020.
Dalian iron ore futures fell more than 2 per cent on Thursday as Chinese authorities intervened to control soaring prices and fresh weak property data fuelled concerns about demand from a key steel-consuming sector.
Source: AFR
Galan Lithium (ASX: GLN) has signed an agreement with a subsidiary of global mining and trading company Glencore for the offtake of up to 100% of lithium chloride concentrate from Phase 1 production at the Hombre Muerto West project in Argentina.
Glencore has also offered to provide a secured financing pre-payment facility for up to $153 million to support funding of Phase 1.
Under the terms of the five-year deal, Glencore will purchase technical-grade lithium chloride product from the start of commercial production at Hombre Muerto West in the first half of 2025.
Annual production is expected to be around 540,000 tonnes of lithium carbonate equivalent (LCE) in lithium chloride concentrate.
The price payable by Glencore will be referenced to a mutually-agreed lithium carbonate price index over a quotational period, less a marketing fee, discount and any penalties.
Glencore will not need an export licence to purchase the high-grade, low-impurity product.
The offtake will be toll treated into lithium carbonate for sale and export from Argentina.
Phase 1 of Hombre Muerto West remains remains on track for first pond fill early in the new year.
Source: Smallcaps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.008 +14.29%
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 -3.70%
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: $0.005 Unchanged
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: $0.012 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: $0.057 +3.64%
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: $0.195 +2.63%
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 +7.14%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.014 +16.67%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.39 -1.27%
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: $0.022 Unchanged
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
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 +33.33%
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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