Have you been following the tennis?
It’s a hot sunny day in Melbourne and the city is buzzing with Aus Open fans.
Who do you think will hold the cup this year?
Across Markets…
A wave of risk-off sentiment drove the Australian sharemarket to a four-week low on Tuesday with all sectors ending the session in the red.
The S&P/ASX 200 fell 81.5 points, or 1.1 per cent to 7414.8 – its lowest point since mid-December. The All Ordinaries fell by a similar margin.
The fall followed overnight weakness in Europe, where a preliminary estimate showed Germany’s economy had retreated by 0.3 per cent in the last two months of 2023, triggering markets to re-assess expectations of when the European Central Bank will begin cutting rates.
US markets were closed on Monday for a national holiday.
On the benchmark, overnight falls in commodity prices helped drag energy, utilities and materials stocks lower.
European gas futures fell to a five-month low amid high inventories and weak demand. The fall came despite continuing hostilities in the Red Sea, a key shipping route for the commodity.
Origin Energy fell 2.4 per cent to $8.02, while Santos dropped 1.8 to 7.69 and Woodside slipped 1.6 to $31.13.
Iron ore miners also weighed on the index, as the weeks-long decline in the price of the commodity continued. Iron ore futures slip 0.8 per cent to $US126.50 per tonne, after falling 1.7 per cent on Monday.
BHP dropped 1.4 per cent to $46.50 and Fortescue fell 2.2 per cent to $26.65.
Source: AFR
Global mining giant Rio Tinto (ASX: RIO) continues to power ahead thanks to its world-class Pilbara iron ore operations.
A strong fourth quarter that saw the Pilbara site produce 331.5 million tonnes, up 2% on the same 2022 period, helped Rio achieve full year shipments of 331.8Mt.
This was approximately 3% higher than in the whole of 2022.
The company pointed to improved productivity, supported by its ongoing implementation of the safe production system and the ramp-up of the Gudai-Darri project to its nameplate capacity of 43Mtpa, as providing key impetus for overall shipments, which were the second highest on record.
Rio also confirmed that its 2024 production guidance is unchanged since December 2023, with expectations for Pilbara iron ore shipments in 2024 remaining at 323 to 338Mt.
The company’s guidance for its 2023 Pilbara iron ore unit cash costs is unchanged at the lower half of the $21 to $22.50 per tonne range.
Source: Stockhead
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.195 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 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.004 Unchanged
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 Unchanged
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: $0.0075 -6.25%
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 -4.00%
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: $0.054 -1.82%
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: $0.165 +3.13%
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 -11.11%
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.004 -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: $0.3875 -3.12%
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: $0.028 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: $0.014 Unchanged
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 +9.09%
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