Happy hump day!
Market highlights
ASX futures up 13 points or 0.2% to 7051 near 7am AEDT
- AUD +0.6% to 66.49 US cents
- Bitcoin +3.2% to $US38,106 at 7.08am AEDT
- On Wall St at 3.10pm: Dow +0.3% S&P +0.03% Nasdaq +0.06%
- In New York: BHP +0.5% Rio +0.4% Atlassian +4.6%
- Tesla +4.1% Apple +0.01% Amazon -0.7% Block +5.5%
- VIX +-0.08% QQQ +0.07% TLT +0.01%
- Stoxx 50 -0.2% FTSE -0.1% DAX +0.2% CAC -0.2%
- Spot gold +1.2% to $US2038.67/oz at 1.44pm in New York
- Brent crude +2.2% to $US81.76 a barrel
- Iron ore -2.9% to $US128.80 a tonne
- 10-year yield: US 4.34% Australia 4.49% Germany 2.49%
- US prices as of 3.04pm in New York
Australian shares are poised to rise in line with modest gains in New York after Federal Reserve governor Christopher Waller not only signalled rates have peaked but that a pivot to cuts in on the horizon. The S&P 500 was little changed near 3pm.
The yield on the US 10-year note slid below 4.35 per cent. The two-year Treasury yield was down 13 basis points to 4.75 per cent today, near 60 basis points lower than the effective Fed Funds Rate.
The Australian dollar was trading just shy US66.5¢ at about 7.10am, on bets the US dollar will lose some of its investment lustre if the gap between US and Australian rates narrows.
Local investors will be particularly focussed on the release at 11.30am of the monthly CPI indicator. At midday, the RBNZ will release its latest official cash rate decision – a hold at 5.5 per cent is expected.
Source: AFR
- SX-listed Weebit Nano announced maiden revenue from its ReRAM product
- ReRam is billed as the next generation non-volatile memory chip
- We spoke to Weebit Nano’s CEO, Coby Hanoch
Generating first revenue is one of the most important milestones of a tech company’s journey. For instance, Nvidia hasn’t always been a market darling. It earned its current status as a tech star through decades of innovation and incremental increases in revenue.
Incorporated in 1993, Nvidia earned its first revenue in 1995 and went public via an IPO in 1999. Since debut, Nvidia’s revenue has grown by a staggering 7,000%.
On the ASX, one tech company that has just earned its maiden revenue is the memory chip maker, Weebit Nano (ASX:WBT).
Earlier this month, the company announced its first IP licensing revenue for its embedded Resistive Random-Access Memory (ReRAM) technology.
While this initial licensing fee is relatively small at US$100,000, the company considers the fact that Weebit Nano is no longer “pre-revenue” to be material, as it marks the company’s transition to commercialisation phase.
“Becoming a revenue generating company is always a very important milestone,” Weebit Nano’s CEO, Coby Hanoch, told Stockhead.
“It just happened that the first payment was a small amount of $100,000, but obviously we’re expecting more payments and are expecting it to grow over time.”
Hanoch says that he’s always told shareholders not to expect immediate, rapid growth in revenue because the business model revolves around multiple steps.
“First we sign a licensing agreement, then the customer pays us engineering fees to make the adjustments necessary to their environment.
“So it takes time until we actually start getting the royalties, which are the key element of revenue for us,” Hanoch said.
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 +16.67%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13
Today’s Price Change: $0.155 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 -7.14%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.0055 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: $0.020 -4.76%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 +16.67%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.01 -4.76%
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: $0.04
Today’s Price Change: $0.059 +5.36%
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: $0.185 -2.63%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.008 Unchanged
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.006 +20.00%
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 +1.30%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.038 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: $0.017 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: $0.004 Unchanged
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: $0.024 -4.00%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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