Good Afternoon Dan,
Put your hands up if you are keeping up to date with Washington?
Well, Trump has just triggered a rarely used emergency government power to allow direct state investments in critical mineral projects on Australian soil…
This is part of the administrations push to eliminate American industry's reliance on Chinese suppliers.
Across Markets…
This Afternoon, a rally among the big three iron ore miners powered the Australian sharemarket to its best start to a fourth quarter since 2015.
The S&P/ASX200 Index gained 56.9 points, or 1 per cent, to 5872.9 points in a broad-based rally that help erase some of Wednesday's 2.3 per cent decline.
The advance was the strongest on the first day of the fourth quarter since 2015 when the benchmark gained 1.8 per cent.
A rebound in iron ore prices lifted the big three miners. BHP added 1.9 per cent, Fortescue gained 2.3 per cent and Rio Tinto rose 1.2 per cent.
Iron ore has rallied to $US123 a tonne from a $US113 a tonne last week as the latest purchasing managers index showed China's economy continue to recover.
Production from Brazilian giant Vale has been affected by a recent court ruling.
Source: AFR
The number of new patients trying medicinal cannabis for the first time has risen significantly since Australians first began hunkering down at home to ride out the COVID-19 storm.
According to statistics released by the Therapeutics Goods Administration (TGA), July saw the highest number of Special Access Scheme (SAS) Category B approvals for medicinal cannabis products to date with August coming in at a close second.
A total of 5,564 applications were approved in July while August’s total – 5,270 – is 82.4% higher than the 2,889 approvals recorded a year ago.
While the figures do not necessarily equal the number of patients receiving the medicines, industry expert calculations have forecast the majority of these approvals are for new patients being prescribed medicinal cannabis for the first time.
The news comes as the TGA recently announced an interim decision to down-schedule low dose cannabidiol (CBD) products so they can be purchased over-the-counter at pharmacies – a move that has been seen as a way to make medical cannabis products more accessible.
The change has a proposed implementation date of 1 June 2021.
Source: Small Caps
Across Asia, shares of India’s two largest multiplex operators PVR Ltd and Inox Leisure Ltd surged in morning trading on Thursday, after the government said it would allow states to reopen movie theatres at half their capacity from Oct. 15 after remaining shut for six months.
PVR’s shares rose as much as 15% to 1395.15 rupees, while Inox surged 17.6% to 318 rupees, pushing the Nifty media index up 4.3%.
About 9,500 theatres have remained shut since the nationwide coronavirus lockdown started in late March. Movie industry representatives in Bollywood have said it would take at least two years for them to recover financially from the pandemic, putting tens of thousands of jobs at risk.
Industry executives and analysts said the move to reopen would help tap pent-up demand, especially as India heads towards a busy festive season, which culminates with Diwali.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.055 +1.85%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 +3.23%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.13 Unchanged
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.18 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.060 -6.25%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.049 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 Unchanged
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.85 +7.55%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.032 +6.67%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.012 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0050 -16.67%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted Therapy
Year: 2020
Deal Type: Pre IPO
Raise Amount: $1.5m
Price Change: CAD $0.065 -13.33%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $333k
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.011 +10.00%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 -6.67%
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