Gmar Chatimah Tova to our Jewish friends for Yom Kippur – the day of atonement.
Across Markets…
Australian shares are poised open higher, following gains on Wall Street, as September prepares to pass the baton to October.
A quiet local week puts the spotlight on the US with the first presidential election debate, talks on a potential fourth package of stimulus measures, US President Donald Trump’s push to fill the “empty” US Supreme Court seat and September payroll data on the agenda.
ASX futures were up 21 points or 0.4 per cent to 5951. The local currency slid towards a US69¢ handle before recovering.
On Wall Street, techs advanced in what was seen as a buy the dip rally, helping all three main benchmarks rise on Friday in New York.
The Dow rose 359 points or 1.3 per cent to retop 27,000; the S&P 500 rose 1.6 per cent to near the 3300 mark; and the Nasdaq rose 2.3 per cent putting 11,000 back on the radar.
In a note, Bank of America summed up the year so far: “COVID-19 deaths about 1m, stock market crash $US30trn, cash on sidelines $US5trn, global GDP loss $US10trn, US unemployment claims up 50m, monetary & fiscal stimulus $US21trn, central bank asset purchases $US1.5bn per hour, stock market rally $US30trn, ‘super-V’ recovery in GDP & EPS; extreme times…extreme moves.”
The SPI is up 21 points this morning.
Source: Bloomberg
Emerging gold explorer Red Mountain Mining (ASX:RMX) will raise $800,000 from professional and sophisticated investors to launch into a number of exploration programs, including maiden drilling at the Mt Maitland project.
Funds will also be directed towards the Koonenberry gold project In NSW, and the Mukabi Kasiri project in the DRC.
Red Mountain’s 62sqkm Mt Maitland project in WA produced gold at an average grade of 19.3 grams per tonne (g/t) in the early 1900s. That’s very high grade.
Stretching out over 19km of highly prospective Archean greenstone belts, there’s significant potential for this project to host more high-grade shear-hosted gold deposits, the company says.
The Koonenberry project in NSW is right next door to a new high-profile, high-grade gold discovery made by fellow explorer Manhattan Corp (ASX:MHC).
The highlight intercept of 7m at 18.16 grams per tonne (g/t) gold sent Manhattan up +50 per cent to multi-year highs.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.056 +3.70%
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: $0.11 +4.76%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.067 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.049 Unchanged
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: $2.28 -1.30%
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: $0.009 -10.00%
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: $0.079 -1.25%
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: $0.015 +7.14%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Price Change: CAD $0.175 +9.38%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.052 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
