Happy hump day! A beautiful sunny morning here in Melbourne.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,861.57 (+1.60%)
Silver: US$21.88 (+1.36%)
Nickel (3mth): US$18,582/t (+0.50%)
Copper (3mth): US$8,046/t (+0.50%)
Oil (WTI): US$86.41 (+4.36%)
Oil (Brent): US$88.14 (+4.21%)
Iron 62pc Fe: US$118.18/t (+0.37%)
AUD/USD: 0.6415 (+0.48%)
Bitcoin: US$27,606 (+0.49%)
Across markets
Australian shares are poised to open higher as global shares rallied on hopes that US interest rates may have peaked and that China finally is set to move more aggressively to bolster its economy.
Gains faded somewhat in afternoon trading in New York after Federal Reserve governor Christopher Waller signalled he was not ready to brake policy, in contrast to other policymakers, yet.
ASX futures were up 31 points or 0.4% to 7103 near 7am AEDT.
- On Wall St at 4pm: Dow +0.4% S&P +0.5% Nasdaq +0.6%In New York late: BHP +1.7% Rio +2.1% Atlassian +1.7%
- Tesla +1.5% Apple -0.3% Amazon +1% VIX -3.5%
The local currency was 0.3 per cent higher; the Bloomberg dollar spot index slipped 0.3 per cent.
On bitstamp.net, bitcoin was 0.8 per cent lower to $US27,389 at 6.55am AEDT, reversing an earlier modest advance.
The yield on the US 10-year note was 15 basis points lower to 4.65 per cent at 4.07pm in New York. The 30-year was at 4.84 per cent.
âIt is clear that Wall Street is betting that the Fed is done,â Oandaâs Edward Moya said in a note before Wallerâs speech notes were released.
Source: AFR
Which ASX juniors are out on safari?
Drilling is underway at Botalaâs Serowe-3.3 well, the second of four wells at Project Pitse, which encompasses coal bed methane (CBM) deposits and near-term commercial pilot production with an end goal to fuel Botswanaâs existing Orapa gas power station for about 20 years.
âWe are the first energy company in the Serowe area to progress to a commercial pilot program and with our successful flaring in September we have moved forward in our journey to producing a viable energy source to support Botswana,â Martinick says.
The companyâs vision is to first develop Serowe and commercialise it with a 20-megawatt solar-gas hybrid system that will lower both emissions and electricity costs in the region.
âWith our solar projects, our aim is to produce quality tier one panels, which are at a higher quality and manufactured using sustainable practices. These projects will help to bring jobs and renewable energy to Botswana,â Martinick says.
âWe believe that this gives us a strong base to launch the Pitse project into a successful enterprise to create a sustainable and reliable energy source within Botswana.â
After recently acquiring a 51% interest in Afro Energy for $6.5m, South Africa-focused Kinetiko Energy (ASX:KKO) is progressing with advanced shallow conventional gas opportunities at the flagship Amersfoort gas project and nearby tenements to supply the regional market.
Kinetiko says itâs âin advanced negotiations with potential gas off-takers for both intermediate and large-scale gas production from new fieldsâ.
Pancontinental (ASX:PCL) has completed a US$353m 3D seismic survey over its Saturn Turbidite Complex in the Orange Basin offshore of Namibia, of which Woodside Energy (ASX:WDS) has an option to farm in to.
Meanwhile, Invictus Energy (ASX:IVZ) is currently drilling the Mukuyu-2 well at its Cabora Bassa project in Zimbabwe.
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: $0.013 -13.33%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 +3.57%
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 -7.14%
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: 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: $0.022 -8.33%
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 Unchanged
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: $0.011 +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 +22.22%
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: $0.044 +4.76%
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: $0.18 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: $0.038 Unchanged
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.012 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.59 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 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: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 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: $0.024 Unchanged
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Peak on 1300 304 460
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