Happy hump Day!
Australian shares are poised to open lower, amid lingering concerns about the US banking sector. Economists told Bloomberg that the risk of a recession in the US has edged higher, to 65 per cent.
ASX futures were down 26 points or 0.37 per cent to 7028 near 7.25am AEDT.
February’s CPI report will be released at 11.30am AEDT. TD Securities said it expects inflation to have eased to 7 per cent year-over-year last month from 7.4 per cent in January and further affirm the RBA’s view that inflation likely peaked in the final three months of 2022.
- On Wall St: Dow -0.1% S&P -0.2% Nasdaq -0.5%
- In New York: BHP +2.2% Rio +1.5% Atlassian +0.2%
- Tesla -1.4% Apple -0.4% Amazon -0.8% Alphabet -1.7%
The local currency lifted 0.8 per cent to edge above US67¢; the Bloomberg dollar spot index was 0.4 per cent lower.
On bitstamp.net, bitcoin was 1 per cent higher to $US27,314 at 7.27am AEDT.
Source: AFR
- Bid shows disparity between what equity investors (less knowledgeable) and market participants (more knowledgeable) believe a company is worth
- Tier 1 assets like Liontown’s Kathleen Valley are in the M&A crosshairs
- Other tier 1 takeover targets: Leo Lithium, Sayona Mining, Patriot Battery Metals, Galan Lithium, Lithium Power International
Liontown’s prompt rebuff of Albemarle’s third takeover bid – valuing the company at a record-high $5.2bn – shows investors just how much industry participants are pricing tier 1 lithium assets in the current market.
The bid, revealed by LTR yesterday morning, set off a rocket underneath the near term miner and the wider ASX cohort.
Nearly every miner, project developer and explorer enjoyed strong gains which was welcome relief after months of share price losses.
The reason for the poor performance of lithium equities in 2023 is simple. Since reaching a peak November last year lithium prices have fallen back significantly.
Unsurprisingly, ASX equities have followed suit.
The difference is that the equities were never anywhere near peak pricing, says Canaccord Genuity mining analyst Reg Spencer.
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: $0.24 +2.13%
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: $0.032 +10.34%
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: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.019 +5.56%
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: $0.013 -7.14%
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: $0.057 -5.00%
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: $0.44 +11.39%
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: $0.012 -7.69%
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: $0.045 Unchanged
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 +14.29%
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: $0.04 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.36 +0.37%
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: $0.05 -1.96%
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: $0.038 +8.57%
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: $0.105 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.007 -22.22%
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: $0.02 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
