Last night, the Peak team attended the YJP event in St Kilda to hear Paul Bassat Speak.
For those of you who have been living under a rock…
Paul Bassat is an Australian attorney and businessman.
He co-founded online job search website Seek Limited in 1997 with his brother Andrew Bassat.
He now runs Square Peg, a venture capital fund that has backed companies such as CANVA and boasts over $1 billion in funds under management.
Across Markets…
Australian shares are set to open flat after choppy trading on Wall Street, while Jerome Powell and Janet Yellen told Congress the US economy was still vulnerable to the pandemic.
Making their first joint appearance in their current jobs, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell said more must be done to limit the damage from the coronavirus pandemic and to promote a full economic recovery.
Powell testified that a recovery is far from complete, so the Fed will “continue to provide the economy the support it needs for as long as it takes.”
Oil and gas prices slid while travel-related stocks fell as much as 4 per cent.
“The stock market is facing several tailwinds, including the recent passage of additional fiscal stimulus, the faster pace of COVID-19 vaccinations and consumers holding plenty of cash that was saved during the COVID-19-related lockdowns from last year,” writes Greg Marcus, managing director of UBS Private Wealth Management.
Source: AFR
Recently listed Auric Mining has finished a 27-hole RC drill program at its Munda gold project, with first assays supporting the expansion of the project’s resource.
Results from the Goldfields project include 13m at 6 grams per tonne gold from 98m, including 5m at 13.27g/t from 106m which itself included 1m at 42.85g/t from 108m.
Another assay came in at 5m at 3.46g/t gold from 87m.
The assays were reported from the first seven holes drilled at Auric’s (ASX:AWJ) Goldfields project with intercepts largely outside the current resource at Munda.
A further 20 assays are pending.
Managing director Mark English said the early results were highly encouraging.
“The aim of the 27-hole drilling program was to extend the known mineralisation and increase the current resource at Munda,” he said.
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