Happy Friday!
Put your hands up if you were at the game last night.
After a year being locked away, it is truly special to be at the football with large crowds.
Across Markets.
Australian shares are set to open higher as tech stocks continued to slump despite forecasts of stronger growth in the US economy.
The Nasdaq led Wall Street lower as a rotation out of richly valued stocks into underpriced sectors added to pressure from quarter-end rebalancing by institutional investors.
US President Joe Biden, in his first White House press conference, said the economic outlook is brightening thanks to the recent passage of his $US1.9 trillion pandemic relief package, and a majority of economists now expect growth this year to exceed 6 per cent.
“Since we passed the American Rescue Plan, we’re starting to see new signs of hope in our economy,” Biden said during his first press conference since taking office in January.
“Since it was passed, a majority … of economic forecasters have significantly increased their projections on the economic growth that’s going to take place this year. They’re now projecting it will exceed 6 per cent growth in GDP (gross domestic product).”
Source: AFR
ASX newcomer Bastion has hit the ground running with exploration already underway at its Capote gold project within Chile’s mineral-rich Atacama region.
Capote surrounds the historical San Juan gold mine that produced 500,000oz of gold at an average grade of 40 grams per tonne (g/t) through to 1954.
Despite this impressive historical high-grade production, the project has remained untouched for almost 70 years and has only been the subject of simple rock chip sampling of the most obvious veins and structures with no modern drilling or geophysics.
This is a deficiency that Bastion Minerals (ASX:BMO) intends to remedy in its search for high-grade gold with exploration now underway.
Initial exploration results are due in the second week of April while field work for the Cometa copper and Garin gold-silver projects are due to begin in the second quarter.
“We are extremely excited to have exploration commence on the ground at our flagship Capote Gold Project in such a rapid manner, following the completion of our IPO and ASX listing,” executive director Ross Landles said.
Sector: Consumer Discretionary
Deal Type: Placement
Raise Amount: $2.2m
Latest Entry Price: $0.006 with a 1:4 DW8O
Today's Price Change: $0.11 Unchanged
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: $0.11 Unchanged
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5m
Latest Entry Price: $0.015 with a 1:2 option
Today's Price Change: $0.10 -4.55%
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1m+
Latest Entry Price: $0.35
Today's Price Change: $2.40 -1.23%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5m
Latest Entry Price: $0.25 with a 1:3 Option
Today's Price Change: $0.27 Unchanged
Sector: Vertical Farming
Deal Type: Placement
Raise Amount: $1.53m
Latest Entry Price: $0.05 with a 2:3 Option
Today's Price Change: $0.054 Unchanged
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Latest Entry Price: $0.08 with a 1:1 CLBO
Today's Price Change: $0.24 Unchanged
Sector: Hemp & CBD
Deal Type: Pre IPO
Raise Amount: $2.5m
Latest Entry Price: $0.20
Today's Price Change: CAD $0.28 +14.29%
Sector: Psychedelic assisted Therapy
Deal Type: Pre IPO
Raise Amount: $1.5m
Latest Entry Price: $0.08 with a 1:2 Option
Today's Price Change: CAD $0.17 Unchanged
Sector: mining
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Latest Entry Price: $0.013 with a 1:1 MRQOC
Today's Price Change: $0.010 Unchanged
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today's Price Change: $0.022 Unchanged
Sector: Industrials
Deal Type: Placement
Raise Amount: $750k
Latest Entry Price: $0.015
Today's Price Change: $0.025 +4.17%
Sector: Mining (Gold)
Deal Type: Placement
Raise Amount: $982k
Latest Entry Price: $0.0115 with a 1:1 SBRO
Today's Price Change: $0.005 Unchanged
Sector: Mining (Gold/Silver)
Deal Type: Placement
Raise Amount: $2.3m
Latest Entry Price: $0.014 with a 1:1 GEDO
Today's Price Change: $0.012 +20.00%
