Happy hump day!
We have a new PEAK opportunity going live this morning so keep an eye on your inbox!
And oh…what a cracking view from the office this morning!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1918.90 (-0.01%)
Silver: US$22.917 (-0.13%)
Nickel (3mth): US$20258/t (-0.56%)
Copper (3mth): US$8,223.75/t (-0.23%)
Oil (WTI): US$87.297 (+0.49%)
Oil (Brent): US$90.280 (+0.40%)
Iron 62pc Fe: US$117.50/t (-1.67%)
AUD/USD: 0.6379 (+-0.03%)
Bitcoin: US$25,817.50 (-0.31%)
Across markets
Australian shares are set to slip at the open. US stocks closed lower, though modestly off their session lows, with tech stocks dragging. The NYSE Fang + Index finished down 1.6 per cent.
Wednesday’s key data: The US will release August CPI at 10.30pm tonight.
ASX futures were down 20 points or 0.3% to 7191 near 6.30am AEST.
- On Wall St: Dow -0.05% S&P -0.6% Nasdaq -1%
- In New York: BHP -0.04% Rio -0.1% Atlassian -1.3%
- Tesla -2.2% Apple -1.8% Amazon -1.3% Meta -1.9%
Oracle shares dropped 13.5 per cent, the biggest single-day decline since March 2002. The steep fall came just a day after Oracle hit a record.
The local currency slipped; the Bloomberg dollar spot index edged up.
On bitstamp.net, bitcoin was 4 per cent higher to $US26,116 at 6.31am AEST; it earlier briefly topped $US26,400.
The yield on the US 10-year note slipped 2 basis points to 4.27 per cent at 4.26pm in New York.
Six of out 10 fund managers who responded to the latest Bank of America monthly survey say the “Fed is done” lifting rates, in contrast to nine of 10 saying in July that the “Fed is not done”).
Seventy-four per cent say they expect the first Fed rate cut in the second quarter of 2023 or the second half of 2024.
Source: AFR
- Ionic partners with Ford, Less Common Metals and British Geological Survey to develop REE supply chain from recycled magnets in UK
- Ionic technology to recycle magnet REEs for ultimate use in Ford electric vehicles
- UK government provides separate £2m funding
Ionic’s magnet recycling business has moved into the mainstream after executing landmark partnership agreements with Ford, Less Common Metals and the British Geological Society to create a UK rare earths supply chain from recycled magnets.
Being able to recycle waste permanent magnets will help alleviate the projected deficit for MREOs as the market grows from the current US$3bn to US$15bn by the end of the decade.
Ionic’s tech is far superior to competing recycling processes such as hydrogen decrepitation, which simply breaks down spent magnets and swarf to be recast as magnets of lesser quality.
The REE magnet recycling technology developed by Ionic Rare Earths (ASX:IXR) subsidiary Ionic Technologies International is efficient, non-hazardous, and economically viable with minimal environmental impact.
Source:Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.115 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.135 -3.57%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.007 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: $0.0265 +6.00%
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: $0.009 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: $0.01 -4.76%
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: $0.009 -10.00%
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: $0.049 +2.08%
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: $0.22 -2.22%
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: $0.036 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: $0.011 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.71 -0.70%
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: $0.036 +2.86%
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: $0.005 +11.11%
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
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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