How was your day?
Today, we attended the first in-person roadshow in 12 months! (see pic below)
Nothing like a face to face discussion with fellow managers and brokers…
Across markets…
S&P/ASX 200 gained 55.7 points to close 0.8% higher at 6818 on Wednesday.
Wall Street and European futures are moving higher.
The Nasdaq mini is up 0.7% at 4pm, the S&P500 mini is up 0.4%, and the Dow Jones mini is up 0.4%. London’s FTSE future are up 0.6%.
Australian GDP growth surprises with 3.1% quarter on quarter growth. AUD rises to US78.33¢.
Brent crude oil down 1.5% to $US62.70 per barrel, West Texas Intermediate down 0.4% to $59.54 per barrel.
Forward contracts for US hot rolled coil steel are at record highs of $US1,270 per tonne
Source: SMH
Perth-based Ionic Rare Earths (ASX: IXR) has increased the mineral resource estimate at its 51%-owned Makuutu project in the Republic of Uganda by a generous 210%, taking the new total to 315 million tonnes at 650 parts per million total rare earth oxides (TREO) with a cut-off grade of 200ppm TREO (minus cerium oxide).
The update places Makuutu among the world’s largest ionic adsorption clay deposits, and makes it a globally-strategic resource for low-cost, high-margin and long-term security of critical and heavy rare earth supply.
Ionic said the new resource was based on a 12-month drilling campaign which started in October 2019, taking in 279 holes for a total 4,754m.
The campaign included 54 infill drill holes completed on a 200m grid at Makuutu Central, increasing the resource confidence to indicated status in that area.
Source: Small Caps
China and Hong Kong stocks rose sharply on Wednesday morning, led by banking and commodity stocks, as economic growth optimism trumps monetary tightening fears ahead of a key political conference in Beijing.
The blue-chip CSI300 index climbed 1.2% to 5,415.31 by the end of the morning session, while the Shanghai Composite Index gained 1.3% to 3,555.28.
In Hong Kong, the Hang Seng index rose 1.7% to 29,587.74. The Hong Kong China Enterprises Index gained 1.6% to 11,542.99.
Cyclical stocks rose sharply in both China and Hong Kong, reflecting investor optimism toward economic growth.
Banking shares jumped nearly 4% in China, and were up over 2% in Hong Kong. China-listed steelmakers surged 5.5%.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.08 +2.56%
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.12 Unchanged
Sector: Fintech
Year: 2020
Deal Type: Placement
Raise Amount: $1.5m
Price Change: $0.125 Unchanged
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.27 -3.57%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.053 -1.85%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Price Change: CAD $0.33 -5.71%
Sector: Psychedelic assisted Therapy
Year: 2020
Deal Type: Pre IPO
Raise Amount: $1.5m
Price Change: CAD $0.18 -10.26%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.011 Unchanged
Sector: CBD
Year: 2021
Deal Type: Placement
Raise Amount: $5M
Price Change: $0.021 -4.55%
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.005 -28.57%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.011 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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