How was your weekend?
It’s certainly starting to get “chilly” here in Melbourne, all ready for the AFL season to kickoff on Thursday!
The “sleepy” tech sector is sending Wall Street to record highs, but our index is only up 1.5% for the year and is once again, “underperforming” relative to global indices.
Could it be that it’s because house prices are near record highs and our 10-year bond rate at 1.9%?
Stocks in focus today include: RGI, AVE, PRL, ONE, MNS and ICI.
Across Markets…
Australian shares are poised for a modest opening dip to start the week after bonds sold off anew on renewed bets the US economic recovery is set to accelerate and interest rate forecasts may need a reset.
ASX futures were down 3 points or 0.04 per cent to 6767. On Friday the S&P/ASX 200 rose 53 points or 0.8 per cent to 6766.81. The local currency slipped 0.3 per cent; the Bloomberg dollar spot index rose 0.3 per cent.
The yield on the US 10-year note surged 9 basis points to 1.62 per cent in New York on Friday local time; up from 1.55 per cent a week earlier. The MOVE Index, a measure of bond market volatility, leapt 10.9 per cent to 70.83.
In contrast to rising volatility in the bond market, equity volatility eased; the VIX slid 5.6 per cent to 20.69.
Source: AFR
Following a recent successful seed capital raising, Queensland’s next copper and gold developer has set its course for the ASX with the launch of a $10m+ IPO.
The company has 100 per cent ownership of four advanced copper-gold projects spanning 978sqkm which includes the historic Mt Chalmers copper-gold mine. It will be one of only a handful of listed copper companies on the ASX with a brownfield copper asset in a Tier 1 jurisdiction like Australia.
Mt Chalmers VMS deposit was mined sporadically between 1898 and 1982, producing 1.24 million tonnes at 2 per cent copper, 3.6 grams per tonne (g/t) gold and 19g/t silver.
No mining has been undertaken since 1982, but there’s still plenty of exploration upside.
QMines has already delivered an initial JORC 2012-compliant Inferred Resource of 3.9 million tonnes at 1.15 per cent copper, 0.81g/t gold and 8.4g/t silver (which combined is 1.87 per cent copper equivalent).
With a copper grade over 1.87 per cent, interest in the outcome of the company’s ambitious drill program to increase tonnage is likely to be high.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.10 +5.00%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.25 +4.17%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.038 +5.56%
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: $0.052 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.12 +4.17%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.024 -7.69%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.46 +6.03%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.037 Unchanged
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 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: $0.10 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: $0.010 Unchanged
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 $0.16 +3.33%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.13 +4.00%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
