Happy Friday!
We are seeing a lithium lift off post China lockdown inventory draw down! See pic below.
Across markets…
Australian shares are set to open unchanged as Nvidia’s monster forecast sent its share price leaping 27 per cent and sparked a frenzied rush for tech stocks, rallying Wall Street out of the debt ceiling doldrums.
ASX futures were flat at 7156 points near 6am AEDT.
On Wall St: Dow +0.2% S&P 500 +0.9% Nasdaq +2%
- In New York: BHP -0.7% Rio flat Atlassian -0.8%
- Nvidia +27.0% Tesla +1.0% Apple +0.8% Amazon -1.9%
The local currency -0.5% to 65.14 US cents
On bitstamp.net, bitcoin was +0.3% to $US6,343 near 4.10am AEST
The yield on the US 10-year note was up 5 basis points to 3.79%
On Wall Street, the frenzy over artificial intelligence lifted the market. The S&P 500 was 0.7 per cent higher in afternoon trading after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the tech world’s rush into AI. It helped the Nasdaq composite leap 1.6 per cent, as of 12:39 p.m. Eastern time, while the Dow Jones Industrial Average was down 150 points, or 0.5 per cent, at 32,648.
Nvidia’s 26 per cent surge was the strongest force pushing upward on the S&P 500. Its forecast of roughly $US11 billion in revenue for the current quarter blew past analysts’ expectations for less than $US7.2 billion.
Source: AFR
Airport transfers marketplace Jayride (ASX:JAY) has the support of one of Australia’s most successful tech investors, Thorney Investment Group executive chairman Alex Waislitz.
When Waislitz established his investment company in 1991, he had a vision of being a “thorn in the side” of complacent company managers not delivering full value to their shareholders.
The billionaire has now established himself as a leading investment and stock picker in Australia, and he’s a big believer in JAY.
JAY enables travellers to compare and book rides around the world, with more than 3,700 ride service companies, servicing some 1,600 airports in 110 countries. That means it covers 95% of the world’s airlines.
The company also provides ride booking as a turnkey service to the travel industry via travel agent giants like Booking.com and Flight Centre (ASX:FLT).
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: $0.22 +2.27%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.19 Unchanged
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: $0.0265 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 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.015 Unchanged
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 Unchanged
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: $0.064 +4.92%
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: $0.30 +3.51%
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: $0.004 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: $0.042 -6.67%
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: $0.016 +6.67%
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: $0.03 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.90 -4.79%
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: $0.043 -2.27%
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 -2.70%
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: $0.062 Unchanged
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: $0.005 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: $0.017 -5.56%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
