Happy hump day!
It’s grey skies across Melbourne and you can feel the nip in the air.
As they say on Game of Thrones, winter is coming…
Across markets…
Australian shares are set to open higher, as equities advanced across Europe and in New York on bets that the worst of the banking crisis has passed.
Both UBS and Credit Suisse were higher in Swiss trading.
Regional banks rallied in the US; First Republic was poised to finish up 29.5 per cent. Investors in these banks were given an assurance by US Treasury Secretary Janet Yellen that regulators would intervene if necessary.
ASX futures were 62 points or 0.89% higher to 7048 near 7.15am AEDT.
- On Wall St at 4pm: Dow +1% S&P +1.3% Nasdaq +1.6%
- In New York: BHP -1% Rio -0.7% Atlassian +3.6%
- Tesla +7.8% Apple +1.2% Amazon +3% Alphabet +3.8%
Local: Westpac February leading index at 10.30am AEDT
Overseas data: UK February CPI at 6pm AEDT; US Federal Reserve policy decision at 5am AEDT on Thursday, Jerome Powell news conference at 5.30am AEDT on Thursday.
While US and Eurozone banks have been caught in the sector’s downward re-rating, Australian banks are holding their own as they did early in the GFC, according to Goldman Sachs.
“Australian investors are pricing a very modest spill-over from the liquidity stress in the US banking system,” Goldman’s Matthew Ross, Bill Zu and Tony Wu said in a note.
Source: AFR
Australia is currently the world’s largest lithium producer and for good reason. We were amongst the first movers, have a world class mining regime and large resources with ready access to infrastructure and support services.
But we are not alone.
Bolivia, Argentina and Chile, the so-called “lithium triangle” in South America, have been nipping at our heels with massive lithium resources contained within lithium brines while the search for resources of the battery metal is accelerating across the globe.
Even India and Iran have gotten in on the game with the former declaring that it has found 5.9 million tonnes of lithium (ore, lithium carbonate equivalent? We’re not sure), which its social media commentators have – in a pique of nationalistic pride – quickly declared to be the seventh largest resource in the world.
Iran has (somewhat more sanely) announced the discovery of its first-ever lithium deposit with 8.5Mt of ore (not actual lithium, as championed by a wildly excitable social media crowd).
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: $0.255 +2.00%
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: $0.027 Unchanged
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: $0.01 -16.67%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.018 +5.88%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.014 +7.69%
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: $0.066 -1.49%
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: $0.50 Unchanged
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.013 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: $0.048 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: $0.015 +7.14%
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.04 +14.29%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.32 +1.54%
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: $0.047 Unchanged
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.006 Unchanged
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.036 Unchanged
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.115 -17.86%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.009 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: $0.021 +5.00%If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
