| 9 January, 2020 |
Investors seem to have brushed off the threat of WW3 as the US administration has claimed no substantive damage or US troops harmed. Scomo has confirmed Australian troops will remain in Iraq. And billionaire Andrew ‘Twiggy’ Forrest makes a staggering $70 million pledge to national bushfire relief. Back to markets… This afternoon, Australian shares rose strongly on Thursday, coming within a whisker of hitting fresh record highs during the session. The benchmark S&P/ASX 200 rose 56.6 points, or 0.8 per cent, to 6874.2, propelled higher by gains in all sectors except for energy. At its highs, the benchmark came within 4.5 points of joining the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite which all hit record levels on Wednesday, driven by an easing in risk aversion as the United States offered a measured response to an Iranian missile attack targeting Iraqi bases used by its earlier in the session. “Iran-US tensions have de-escalated dramatically over the past 24 hours, despite the Iranian missile strikes yesterday,” said Tapas Strickland, economist at the National Australia Bank. “Some geopolitical analysts classed the strike as more symbolic in nature and being a ‘warning shot’ designed not to inflict too much damage on US assets.” Source: SMH |
| Local Equity News |
| Lake Resources (ASX: LKE) has generated a 99.9% pure battery grade lithium carbonate from its Kachi lithium brine project in Argentina. In what Lake claims is a “ground breaking” result, the 99.9% lithium carbonate was produced at Lilac Solutions’ ion exchange plant in California using disruptive technology after nine months of detailed test work. In addition to the high purity lithium product, impurities such as iron and boron were “very low”, which was a key focus for Lake. Lake managing director Steve Promnitz said the achievement was also “potentially ground breaking for industry” and that potential offtake customers would welcome the “very low levels of impurities”. The next stage will be to deliver greater volumes of lithium carbonate from Kachi brines, which will be used to engage with potential offtake parties. CLICK HERE FOR FULL ARTICLE Source: Small Caps |
| Asian Market News |
| Across Asia, stocks rebounded on Thursday and oil edged up as the United States and Iran backed away from the brink of further conflict in the Middle East and investors unwound safety plays. U.S. President Donald Trump responded overnight to an Iranian attack on U.S. forces with sanctions, not violence. Iran offered no immediate signal it would retaliate further over a Jan. 3 U.S. strike that killed one of its senior military commanders.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, as did Hong Kong’s Hang Seng and Shanghai blue chips, reversing Wednesday’s losses. Japan’s Nikkei rose 1.8%, lifting stocks to their highest for the year so far, while Australian stocks climbed 1% to just below December’s record high. Source: CNBC |
| Recent Peak Deals |
| Company name: Digital Wine Ventures (ASX:DW8) Sector: Consumer Discretionary Year: 2019 Deal Type: Placement Raise Amount: $1.6m Price Change: $0.0060 Unchanged Company name: Candy Club (ASX:CLB) Sector: Consumer Discretionary Year: 2018, 2019 Deal Type: Seed, Bridging and IPO Raise Amount: $10m Price Change: $0.069 Unchanged Company name: Tymlez (ASX:TYM) Sector: Technology Year: 2018 Deal Type: Seed and IPO Raise Amount: $10m Price Change: $0.040 Unchanged Company name: Okapi Resources (ASX:OKR) Sector: Mining Year: 2017 Deal Type: Seed & IPO Raise Amount: $5m Price Change: $0.099 Unchanged Company name: Golden Mile Resources (ASX:G88) Sector: Mining Year: 2017 Deal Type: IPO & Placement Raise Amount: $6m Price Change: $0.054 Unchanged Company name: Lifespot Health (ASX:LSH) Sector: Healthcare Equipment and Services Year: 2016 Deal Type: IPO Raise Amount: $8m Price Change: $0.030 Unchanged Company name: Cfoam (ASX:CFO) Sector: Materials Year: 2016 Deal Type: IPO Raise Amount: $9m Price Change: $0.085 +4.94% Company name: Paradigm (ASX:PAR) Sector: Biotechnology Year: 2015, 2017, 2018 Deal Type: Placements & IPO Raise Amount: $5m Price Change: $3.02 -2.58% Company: Swift Media (ASX:SW1) Sector: Media an Entertainment Year: 2016 Deal Type: Reverse Takeover Raise Amount: $4m Price Change: $0.10 Unchanged If you would like more information on future Peak deals, please don’t hesitate to get in touch. |
