As many would expect, energy stocks and gold miners are set to rally after an American strike killed Iran’s Supreme Leader and pushed the Middle East closer to broader conflict.
The only certainty at this stage will be a rush for safe assets and a higher oil price.
Across Markets…
Futures tied to the ASX 200 pointed to an opening fall of 0.2 per cent or a loss of 20 points to 9150 following a record-breaking close on Friday.
Despite the outbreak of missile and drone attacks across Iran, Israel and the Gulf – where the United States has several military bases – investors appear to be banking on a short conflict, with the only major market operating at the weekend, bitcoin, remaining buoyant despite the strikes.
“Bitcoin’s recovery suggests the market is already leaning toward a short, sharp shock rather than a drawn-out conflict,” Minotaur Capital co-founder Thomas Rice said. “If that’s right, you get a volatility spike that normalises within weeks. If it’s wrong and this escalates into a sustained campaign … the impact on global growth and risk assets is much more serious.”
Bitcoin had sunk 4 per cent on Sunday to $US63,000 ($88,530) as Iran launched counterstrikes on Israel, Qatar, the United Arab Emirates and Bahrain, but recovered after Iranian Supreme Leader Ayatollah Ali Khamenei was confirmed dead, suggesting optimism rather than bearishness.
Source: AFR
Check out the explorer’s podcast with ASX:FIN!
Explorers Podcast: FIN goes for high-grade gold in the Great White North
In this edition, Barry chats with Fin Resources (ASX:FIN) non-executive director Bruce McFadzean about its recently acquired Cabin Lake gold project by a highly-productive mining centre in Canada’s Northwest Territories.
While the project’s location is certainly cold, FIN is about to heat up the high-grade opportunity, so Barry and Bruce go into the area, the geology, the targets, project history, the analogues, gold markets, managing the Canadian field season and more as the company plots its maiden drill program.
Click here to listen!
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Performance Since Entry: +100%
Company: Eden Innovations (ASX:EDE)
Sector: Construction/Clean Energy
Deal Type: Shortfall
Latest Entry Price: $0.035 with 1:2 option, strike $0.07
Price Performance Since Entry: +329%
Company: Tasman Resources Ltd (ASX:TAS)
Sector: Gold/Silver/Mining
Deal Type: Placement
Latest Entry Price: $0.0125 with 1:2 option, strike $0.02
Price Performance Since Entry: +356%
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +313%
Company: CuFe Ltd (ASX:CUF)
Sector: Copper/Mining
Deal Type: Placement
Latest Entry Price: $0.016 with 1:2 option, strike $0.025
Price Performance Since Entry: +188%
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Price Performance Since Entry: +55%
Company: Biotron Ltd (ASX:BIT)
Sector: Biotech
Deal Type: Placement
Latest Entry Price: $0.003 with 1:2 option, strike $0.02
Price Performance Since Entry: 0%
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Price Performance Since Entry: +40%
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Price Performance Since Entry: +1,185%
Company: Dimerix Ltd (ASX:DXB)
Sector: Biotech
Deal Type: Rights Issue
Raise Amount: $800,000
Latest Entry Price: $0.08 with 1:1 option, strike $0.126
Price Performance Since Entry: $0.505 +494%
Company: Noviqtech Ltd (ASX:NVQ)
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Price Performance Since Entry: +40%
Company: Critica Limited (ASX:CRI)
Sector: REE
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.0075 with a 1:1 CRIO
Price Performance Since Entry: +260%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Price Performance Since Entry: +33%
Company: Kalgoorlie Gold Mining Limited. (ASX:KAL)
Sector: Gold/Mining
Deal Type: Placement
Raise Amount: $2.3M
Latest Entry Price: $0.026 with 1:2 option $0.032 strike
Price Performance Since Entry: +65%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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