How was your weekend?
We feel for our friends in Perth, who are going to be in lockdown until the end of the week.
Don’t worry Perthians …
You just need lots of wine, toilet paper and board games!
Back to markets …
If you are a hedge fund this morning with a short position read carefully: the retail investor and the everyday “mob” is definitely out to get you.
Click here to read more.
It’s all about #silvershortsqueeze so keep a close eye on GED, SVL, MTH, IVR, TMZ, and EQE to name a few…
Across markets…
Australian shares are poised to open lower as speculation heightens about whether US markets have entered a correction phase, triggered by hedge funds selling some of their top holdings to cover short sale losses.
ASX futures were down 34 points or 0.5 per cent to 6507. The currency slid 0.5 per cent.
There was a broad sell-off on Wall Street heading into its weekend, with the Dow shedding 621 points or 2 per cent with 29 of its 30 components falling. The S&P 500 shed 1.9 per cent and the Nasdaq dropped 2 per cent too. The VIX rose 9.5 per cent to 33.09.
A number of market watchers have been pointing to froth in the US markets for several weeks, and the potential for a near-term correction. The question now: has a correction begun?
Source: AFR
Drilling and geophysics carried out in 2020 have set the stage for GBM to pursue bigger targets at its Drummond Basin projects in Queensland.
Some key takeaways include identifying the similarity of the Koala prospect to the world-class Pajingo gold deposit, doubling the strike extent of the Glen Eva prospect to 550m and identifying target outlined by a large, open ended, low order chargeability and resistivity anomaly at the Glen Eva/ Eastern Silicious (GEES) epithermal trend over 6km.
GBM Resources (ASX:GBZ) managing director Peter Rohner said the preliminary drilling and geophysics programs were combined with data mining of historical exploration information to highlight a series of compelling exploration targets.
“Coupled with the successful acquisition of the Yandan project, GBM has grown its Drummond Basin resource base to 852,000oz of gold and adding new advanced exploration prospects at IIlamahta and North East Ridge to the mix,” he added.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 Unchanged
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 -3.12%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.045 -8.16%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.044 -2.22%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.13 -3.70%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.030 -6.25%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.35 +2.17%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.041 Unchanged
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.017 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.068 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.12 -7.69%
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: $0.010 -9.09%
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 $0.10 Unchanged
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.17 -29.17%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
