What plans for the long weekend?
It’s been a busy week @PeakHQ with back to back transactions in ASX:FHS and ASX:ADD.
Safe to say our coffee machine has been running overtime!
And now, we’re ready for a weekend of camping and AO.
Across Markets…
The Australian sharemarket went into the Australia Day long-weekend on an up-beat note on Thursday, ending its fifth straight session higher.
On Thursday, the S&P/ASX 200 closed 36.2 points, or 0.5 per cent up, at 7549.4. The All Ordinaries is up by a similar margin. The sharemarket will be closed on Friday for the national holiday.
The ASX is now up 1.8 per cent since last Friday with technology stocks the only sector in the red over the four-day stretch.
Iron ore miners led Thursday’s gains. BHP, Rio Tinto and Fortescue all rallied more than 1.5 per cent, tracking the iron ore price higher.
Iron ore futures in Singapore pushed above $US136 per tonne for the March contract, after the governor of China’s central bank flagged a reduction in the reserve requirement ratio for banks within two weeks.
It’s the latest sign that China is seeking to shore up both its battered equities markets and the economic outlook.
Meanwhile, Fortescue maintained its FY24 production guidance in its latest quarterly report after shipping near-record levels of iron ore in its first half of the financial year.
Elsewhere, local tech stocks slipped 0.7 per cent after US automaker Tesla reported weaker-than-expected results and warned of a sharp slowdown in volume growth this year. The stock tumbled 5 per cent in extended trading.
On the ASX, Afterpay-owner Block fell 5.5 per cent to $95.27 and WiseTech Global dropped 2.3 per cent to $73.21.
Source: AFR
Boss Energy (ASX: BOE) is on track to achieve a major milestone with production at its Honeymoon uranium mine in South Australia to commence within weeks.
The restart of production at the historic Honeymoon project will make it Australia’s first new uranium operation for a number of years and comes at a time when global uranium prices are soaring and a major debate underway into the introduction of nuclear power into the local energy mix.
Boss announced the commencement of mining activities at Honeymoon in October 2023, with the first well field being pre-conditioned in the lead-up to in situ recovery feeding the processing plant with extracted uranium during the December quarter of 2023 and has continued to make strong progress since then.
Boss Energy managing director Duncan Craib said commissioning activities at Honeymoon are well on track with the first drum of uranium scheduled to be produced this quarter.
The commencement of production at Honeymoon will top off what has been a highly active stretch for Boss that saw the company sign its first offtake agreement and complete its first international asset acquisition.
Source: SmallCaps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.004 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: $0.17 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.115 -4.17%
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: $0.006 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: $0.007 Unchanged
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 +9.09%
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 Unchanged
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: $0.13 -3.70%
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: $0.009 +12.50%
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.35 Unchanged
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: $0.027 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: $0.022 -2.22%
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