Happy Friday!
A top of 25 degrees down in Melbourne as summer comes …
Yesterday, we spoke with the CEO of Beam Communications (ASX:BCC) and we are really impressed!
It’s not often that you speak to a management team and then start to accumulate…
A lot of news over the last week, with a big shout out to Dan O’Halloran, taking over the TYM CEO role.
Certainly an exciting journey ahead as we move to rapid commercialisation….
Also, we spoke with James Baillieu of CLB earlier in the week and things are looking good, leading into the quarterly this month.
Across Markets…
Last night, U.S. stocks advanced, led by gains in the biggest technology companies, as investors weighed the chances Democratic lawmakers and the White House will reach a deal for a fiscal-stimulus package. Oil tumbled on concern the market may be oversupplied.
The Nasdaq 100 reached the highest in almost a month as Amazon.com, Microsoft and Tesla rose. The S&P 500 Index’s advance was limited by declines in energy producers. Trading was volatile, with stocks pushed around by the latest developments in efforts to forge a stimulus bill acceptable to Democrats and Republicans. Talks were set to continue Thursday as officials sought a breakthrough.
European stocks closed slightly higher. Gold advanced, while Treasury yields dipped. Oil tumbled to about $39 a barrel on concern about oversupply amid sluggish economic growth.
U.S. stock markets have been whipsawed this week by speculation over whether lawmakers will agree to provide new pandemic-relief aid amid high unemployment and growing rates of infection in some areas.
While the S&P 500 Index is up more than 50% from its March low, it’s still down more than 5% from a record high reached last month.
In Asia, the Tokyo Stock Exchange halted trading for the entire day Thursday because of technical problems. The exchange will replace hardware and restart its system, aiming to resume trading Friday.
U.S. Treasury Secretary Steven Mnuchin says he and House Speaker Nancy Pelosi are getting closer to a deal on the next virus relief package.
The SPI is down 27 points this morning.
Source: Bloomberg
Stocks
The S&P 500 Index rose 0.5% as of 4 p.m. New York time.
The Stoxx Europe 600 Index rose 0.2%.
The MSCI Emerging Market Index rose 0.3%.
Currencies
The Bloomberg Dollar Spot Index declined 0.3%.
The British pound fell 0.2% to $1.2889.
The Japanese yen fell 0.1% to 105.56 per dollar.
Bonds
The yield on 10-year Treasuries fell one basis point to 0.68%.
Germany’s 10-year yield fell one basis point to -0.54%.
Britain’s 10-year yield climbed less than one basis point to 0.23%.
New Zealand’s 10-year yield climbed two basis points to 0.505%.
Commodities
West Texas Intermediate crude tumbled 3.8% to $38.70 a barrel.
Gold strengthened 1% to $1,905.27 an ounce.
Silver rose 2.5% to $23.81 per ounce.
Source: Bloomberg
Coda Minerals will join the ASX’s boards in mid-October after an oversubscribed $8.5m IPO, as it gears up to advance its cobalt-copper project in the same region as BHP’s (ASX:BHP) mammoth Olympic Dam copper mine.
The IPO opened September 12, and within 24 hours had resulted in bids for $12.5m, allowing the company to increase its maximum subscription to $8.5m, exceeding expectations.
“The funds received provide Coda with a strong platform to commence planned exploration activities and we expect to be mobilising our drilling team to Elizabeth Creek by mid-October,” chairman Keith Jones said.
The IPO was initially for a minimum issue of 16.6 million shares and up to a maximum of 21.6 million shares priced at 30c each and closed Tuesday, according to the company’s prospectus.
Chinese steel group Ansteel has a 20.8 per cent shareholding in Coda that will be diluted to between 15 and 16 per cent if it does not buy any more shares in the IPO.
Coda Minerals is finalising its application process for admission to the ASX.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.054 Unchanged
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: $0.12 -3.85%
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: $0.063 -1.56%
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: $2.86 +7.92%
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: $0.0060 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.086 Unchanged
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 -6.67%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.07 +7.69%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.052 -3.70%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
