Good Afternoon Dan
A happy Monday for for those of us in ASX:MRQ with the stock up 44% closing at $0.013.
Meanwhile in Washington…
The New York Times has obtained tax-return data for president Donald Trump over the past 18 years.
Trump paid no federal income taxes in 11 out of 18 years.
In 2017 when he became President, his tax bill was $750.
Across Markets…
This Afternoon, the ASX 200 edged 0.2 per cent lower on Monday, sliding 12.6 points to 5952.3.
In travel, Qantas rose 6.4 per cent and Webjet added 6.6 per cent as the restrictions outlook improved.
REITs also did well. Among the shopping complex landlords Scentre Group climbed 2.7 per cent and Vicinity Centres added 1.8 per cent.
Technology was the best performing sector, with Afterpay gaining 5.1 per cent and Bigtincan closing 7.1 per cent higher.
The major banks and miners were the main weight by market value. BHP shares slumped 1.3 per cent and CBA gave up 1 per cent.
Shares in Piedmont Lithium soared 83 per cent after the company confirmed details of a supply deal with Tesla.
Source: AFR
US-focused Piedmont Lithium (ASX: PLL) has collared a binding sales agreement to supply electric vehicle heavy-weight Tesla with its proposed spodumene concentrate product from its namesake North Carolina project.
The deal is initially for five years on a fixed-price basis and can be extended a further five years by mutual agreement.
Piedmont noted the agreement with Tesla covers a fixed commitment for approximately one-third of its planned 160,000 tonne per annum spodumene production.
Tesla also has the option to purchase more.
Piedmont expects the fixed-price commitment will deliver between 10-20% of its total revenues for its proposed integrated mine-to-hydroxide project over the first five years.
Commenting on the deal, Piedmont president and chief executive officer Keith Phillips said it represents the start of the first US domestic lithium supply chain – disrupting the current value chain.
“The agreement highlights the strategic importance of Piedmont’s unique American spodumene deposit and confirms the trend towards spodumene as the preferred feedstock for the lithium hydroxide required in high-nickel batteries.”
Source: Small Caps
Across Asia, Chinese investors are pouring into newly-launched mutual funds targeting Ant Group’s upcoming initial public offering, underscoring strong demand for technology shares at a time when Chinese tech firms are facing increasing U.S. scrutiny.
Alibaba Group’s fintech arm Ant Group aims to raise about $35 billion in a dual listing in Hong Kong and Shanghai’s STAR Market, expected in October, in what could become the world’s largest IPO.
Two of the five new funds launched on Friday to give Chinese retail investors access to strategic stakes in Ant’s IPO had already reached their fundraising target and stopped accepting new investments, their fund managers said.
The five funds are targeting a combined 60 billion yuan ($8.80 billion), with each fund aiming to raise up to 12 billion yuan over a two-week subscription period.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.057 +1.79%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.10 -4.55%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.18 -7.69%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.064 -4.48%
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: $2.41 +5.70%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.030 -6.25%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.013 +44.44%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0060 Unchanged
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 $0.07 +7.69%
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 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.015 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
