The Australian Open Grand Slam draw takes place today at 1pm AEST, with play to kick off on Sunday.
Who are your picks to take out the titles this year?
Market highlights
ASX futures up 19 points or 0.3% to 7464 near 7.05am AEDT
- AUD +0.2% to 67.00 US cents
- Bitcoin -2.1% to $US45,755 at 7.16am AEDT
- On Wall St at 3.13pm: Dow +0.5% S&P +0.7% Nasdaq +0.9%
- In New York: BHP -1.2% Rio -0.7% Atlassian +4%
- Tesla -0.2% Apple +0.6% Meta +3.9% Nvidia +2.1%
- VIX +0.3% QQQ +0.8% TLT -0.3%
- Stoxx 50 +0.1% FTSE -0.4% DAX +0.02% CAC -0.1%
- Spot gold -0.4% to $US2021.29/oz at 2.11pm in New York
- Brent crude -1% to $US76.78 a barrel
- Iron ore -4% to $US132.30 a tonne
- 10-year yield: US 4.02% Australia 4.12% Germany 2.21%
- US prices as of 3.13pm in New York
Australian shares are poised to rise, tracking gains in New York where several of the megacap techs continue to press higher, in particular Meta Platforms and Nvidia. The S&P 500 once again has its record high within reach.
Nvidia’s advance came after rival Taiwan Semiconductor Manufacturing reported better than expected December revenue. Nvidia has risen more than 10 per cent to start the year and is closing the gap in terms of market cap with Amazon.
All eyes are on the US Securities and Exchange Commission, which is expected to announce later today a decision on whether it will approve bitcoin exchange traded funds.
Ahead of that decision, the Chicago Board Options Exchange said on its website that eight new ETFs would begin trading on January 11.
Ark Investment Management’s Cathie Wood told Bloomberg that approval of a spot Bitcoin ETF will be a “price-moving event” long-term, even if there is initial selling on the news because it will pave the way for institutions to increase their exposure to the token.
With nearly a dozen ETF applications now in the basket, inflows within the first day of trading could reach up to $US4 billion, according to a Bloomberg Intelligence note.
Bloomberg said the US watchdog may give the green light to several issuers at once, avoiding the risk of awarding a first-mover advantage.
Next on deck is the release of December US consumer price data at 12.30am on Friday AEDT.
Source: AFR
When Lindsay Dudfield founded Jindalee Resources some 22 years ago, the thought of developing what could be the largest lithium deposit in the United States was anything but comprehensible.
Only a few companies worldwide were genuinely searching for lithium, let alone mining it, and you could count on one hand the number of ASX-listed companies trying to crack what many perceived as an impossible challenge, being the US resources industry.
Jindalee, of course, did not start out as a US-focused lithium company in 2002. Rather it began life as another unique entity for the Australian market – a project generator – a type of investment proposition much more familiar to our Canadian counterparts.
Remarkably, Jindalee would not go back to the market for another 17 years after its $2.5 million IPO. The reason for that is simple: Dudfield and his team believed they finally had a “company-making” asset on their hands in the form of the McDermitt lithium project in Oregon.
The company recently rebranded as Jindalee Lithium (ASX: JLL) and is currently undertaking a highly anticipated PFS on the McDermitt project, which has now surpassed the nearby Thacker Pass deposit being developed by Lithium Americas as the largest lithium resource in the US by contained lithium.
Major changes are also unfolding at a board and management level with former Oz Minerals project director Ian Rodger joining the company as CEO this month and respected finance guru Wayne Zekulich set to become non-executive chair on February 1, succeeding the long-serving Justin Mannolini.
Dudfield, who remains an executive director of the company, recently sat down with Stockhead to reflect on the company’s achievements over the past two decades, the story behind the acquisition of the McDermitt project and why he believes there is plenty of upside left for longstanding Jindalee shareholders.
Source: Stockhead
Company: Alderan Resources (ASX:AL8)
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: $0.14 +12.00%
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: $0.005 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 +16.67%
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: $0.008 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 Unchanged
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: $0.055 -3.51%
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: $0.16 -5.88%
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: $0.007 -12.50%
Company: Estrella Resources (ASX:ESR)
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 -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: $0.43 +1.18%
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: $0.03 +3.45%
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: $0.015 Unchanged
Company: ECS Botanics Holdings Ltd (ASX:ECS)
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 -4.35%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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