Happy Hump Day!
Market highlights
ASX futures up 16 points or 0.2% to 7501 near 7.10am AEDT
- AUD +0.1% to 65.76 US cents
- Bitcoin -2% to $US39,309 at 7.18am AEDT
- On Wall St at 3.20pm: Dow -0.2% S&P +0.3% Nasdaq +0.4%
- In New York: BHP +1.9% Rio +2.2% Atlassian +0.5%
- Tesla +0.4% Apple +0.6% Netflix +0.9%
- VIX -3.4% QQQ +0.3% TLT -0.9%
- Stoxx 50 -0.3% FTSE -0.03% DAX -0.3% CAC -0.3%
- Spot gold +0.2% to $US2025.44/oz at 1.42pm in New York
- Brent crude -1% to $US79.28 a barrel
- Iron ore +2.6% to $US132.25 a tonne
- 10-year yield: US 4.13% Australia 4.19% Germany 2.35%
- US prices as of 3.15pm in New York
Australian shares are poised to open up as the S&P 500 and Nasdaq Composite attracted buyers even amid a slew of mixed quarterly reports. Bitcoin continues to deflate, threatening to fall below $US39,000.
Iron ore lifted in Singapore after a report that Chinese authorities are poised to bolster the nation’s equity markets, though scepticism remains high given the economic outlook. Oil and gold were little changed.
JPMorgan’s strategists said investors should be wary as equities are priced for perfection.
“The sharp moves in equity markets in November and December got our attention but ultimately, we maintain our stock underweight as is. We would not chase that move upward since it depends on a fast disinflation which seems difficult to achieve given strong shelter and services inflation.”
Netflix, which is set to report after the closing bell in New York, has acquired the exclusive rights to Raw as well as other programming from World Wrestling Entertainment, marking the video service’s first big move into live events.
Source: AFR
- Botala Energy awarded environmental approval for commercial development of Project Naledi
- Similar approvals also under application for the Serowe Energy Hub and the Leupane Energy Hub and Industrial Park
- Coring rig to mobilise to Project Pitse to conclude drilling at the commercial pilot program
Special Report: Botala Energy has cleared a major hurdle for commercial development of the Serowe coalbed methane project (Project Naledi) in Botswana with the receipt of environmental approval without public objections.
The 70%-owned Serowe CBM project sits within a high-grade CBM region and is the subject of development efforts by Botala Energy (ASX:BTE) to meet the strong demand for reliable and affordable energy in Botswana and neighbouring countries.
BTE has been progressing Project Pitse, which is separate from Project Naledi, its first commercial pilot project within Serowe.
Project Pitse has independently certified 2C (best estimate) contingent resource of 317 billion cubic feet (Bcf) based off five historical exploration wells that all intersected 24-40m of net coal, including the prospecting Serowe and Upper Morupule formations at a relatively low $220,000 average cost per well.
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: $0.004 -11.11%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.185 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.125 -3.85%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.004 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.006 -14.29%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.006 -14.29%
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 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.053 -5.36%
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: $0.14 -9.68%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.009 +12.50%
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.006 +20.00%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.34 -5.56%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.026 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: $0.016 +14.29%
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: $0.0225 -2.17%
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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