Happy Friday!
How was your week?
A sunny day to end a rainy week here in Melbourne.
And now for a glass of wine and some R&R….
Enjoy the weekend!
Across Markets…
The Australian sharemarket finished higher on Friday as the recent rout in US bonds and equities eased overnight ahead of key non-farm payroll data that will help inform the market of the Federal Reserve’s next rate move.
The benchmark S&P/ASX 200 index advanced 0.4 per cent, or 28.4 points to 6954.2 at the closing bell but sealed a weekly loss of 1.3 per cent. It’s the first time since March 24, the gauge closed at the end of the week below 7000.
A sharp rally by the major banks buoyed the index. Commonwealth Bank rose 1.1 per cent to $100.04, Westpac 2.1 per cent to $21.44 after Barrenjoey upgraded the stock to a ‘neutral’ rating, ANZ 0.9 per cent to $25.32 and National Australia Bank 1.5 per cent to $28.94.
The biggest stock on the ASX, BHP Group, rallied 1.3 per cent to $43.97.
Wall Street pared losses and bond yields eased after data showed the number of Americans filing new claims for unemployment benefits rose moderately last week but still held near historic lows.
The yield on the US 10-year eased to 4.7 per cent after touching a 16-year high of about 4.88 per cent this week. The 30-year, which recently hit the 5 per cent level, was trading around 4.9 per cent.
Ophir Asset Management head of research Luke McMillan said the latest surge in long-term bond yields had acted “like gravity” for the local sharemarket and “really put on a cap in terms of the price to earnings expansion that we’ve seen in equity markets over this year”.
Source: AFR
Capping a week when it went to 100% ownership of its Junior lithium project in Ontario, Green Technology Metals (ASX: GT1) has concluded a five-month field program at its Eastern Hub which confirmed additional lithium-caesium-tantalum (LCT) pegmatites.
Junior is located 22km east of the company’s flagship Seymour project, and is one of six projects that comprise the company’s Eastern Hub.
The Western Hub consists of four projects including Root.
Green Technology is at present sitting on a global resource of 22.5 million tonnes at 1.14% lithium oxide.
Junior covers 109 sq km and the company sees it as a base from which to make further lithium discoveries and also to expand the resource base for Seymour.
In March Green Technology had signed a binding agreement with Landore Resources Canada to acquire 80% of Junior, and earlier this week took possession of the remaining 20% for C$1.8 million in a scrip and cash deal.
The field exploration at Junior confirmed LCT spodumene-bearing pegmatites up to 40 metres in length and about 6m wide.
Source: Small Caps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.014 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 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 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: $0.006 Unchanged
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.024 -4.00%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.008 -5.88%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.009 -10.00%
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: $0.011 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.043 +2.38%
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: $0.185 Unchanged
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.003 Unchanged
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.035 -5.41%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.01 -16.67%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.59 Unchanged
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.029 +3.57%
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: $0.017 Unchanged
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.0235 -2.08%
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