Good morning Dan,
Happy Friday!
A top of 11 degrees and rain here in Melbourne …
12 cases yesterday, surely these lock downs end soon, right?
Our magic mushroom deal is close to being finalized as Compass Pathways and MMED move to the NASDAQ.
Also those in WellteQ, things are moving well leading into the IPO at years end …
Across Markets…
Last night, stocks whipsawed as investors weighed the chances of a compromise on a new stimulus package amid concern over an uptick in global coronavirus cases. The dollar fell.
The S&P 500 pared most of its earlier rally after optimism faded that Congress would reach a spending deal with the White House. Stocks surged midday on news that Treasury Secretary Steven Mnuchin and the Democratic House leader were open to fresh talks.
But a report that Speaker Nancy Pelosi’s fresh overture deviated only slightly from previous offers sparked concern that the two sides would remain far apart. The stock gauge still closed above a key support level: Its average price of the past 100 days.
House Democrats have started drafting a stimulus proposal of roughly $2.4 trillion, according to multiple officials.
While smaller than the $3.4 trillion package the House passed in May, the new proposal remains much larger than what Senate Republicans have said they could accept. President Donald Trump has indicated he’d be willing to go as high as $1.5 trillion.
“The odds of Phase 4 stimulus are a close call,” wrote Aneta Markowska, chief economist at Jefferies LLC in New York. “While still possible, there is a high risk that it does not happen this year. Without it, we would expect the economy to hit a major speed bump in Q4.”
The SPI is up 9 points this morning.
Source: Bloomberg
Stocks
The S&P 500 advanced 0.3% at 4 p.m. New York time.
The Stoxx Europe 600 Index decreased 1%.
The MSCI Asia Pacific Index sank 1.8%.
Currencies
The Bloomberg Dollar Spot Index declined 0.1%.
The euro climbed 0.1% to $1.1673.
The Japanese yen was little changed at 105.41 per dollar.
Bonds
The yield on 10-year Treasuries dipped one basis point to 0.66%.
Germany’s 10-year yield climbed less than one basis point to -0.50%.
Britain’s 10-year yield advanced less than one basis point to 0.219%.
Commodities
West Texas Intermediate crude advanced 0.7% to $40.22 a barrel.
Gold strengthened 0.4% to $1,870.16 an ounce.
Silver strengthened 2.1% to $23.25 per ounce.
Source: Bloomberg
Auroch Minerals (ASX:AOU) believes it is close to unearthing the high-grade motherlode in one of Australia’s most prolific nickel belts.
Auroch’s Saints and Leinster nickel projects are located in the Norseman-Wiluna Greenstone Belt, arguably the best address globally for nickel sulphide mineralisation.
Of the 50-odd known Kambalda-style nickel sulphide deposits around Norseman-Wiluna Greenstone Belt, 48 have a main ‘feeder’ channels to the deposit. Understanding Kambalda-style nickel sulphide deposits is key to successfully finding them.
The company is currently undertaking RC and aircore drilling across both projects with Managing Director Aidan Platel believing they are just “one hole away” from a rerating event.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.054 -1.82%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.10 -4.55%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 +8.33%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.067 +6.35%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.049 +11.36%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 Unchanged
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.31 -4.15%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.032 Unchanged
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 +25.00%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.0060 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.080 +17.65%
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: $0.014 -12.50%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Price Change: CAD $0.16 Unchanged
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.052 -7.14%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
