Good morning Dan,
Some green on our screen today!
Gold +$20
Platinum +$40
Silver +3%
Dow +410
Our magic mushroom deal is looking strong, touching 9c overnight.
It appears that the entire sector is gaining a large re rate following Compass Pathways $1BN+ float.
Remember we also have the 1:2 warrants.
Across Markets…
Last night, U.S. stocks jumped after four weeks of declines and European shares added the most in three months amid broad gains for equities. The dollar weakened.
Banks led the S&P 500 Index to its biggest gain in two weeks as investors found buying opportunities after the gauge fell to its lowest since July last week.
More than 10 stocks were higher on the benchmark for every one that fell. HSBC Holdings Plc added almost 9% after its biggest shareholder raised its stake, while an index of lenders rose the most a month. Shares also advanced in Asia.
Signs that U.S. politicians are moving toward new fiscal stimulus has been a boon to stocks in recent days, while the Federal Reserve continues to provide liquidity. Stronger economic reports from China also lifted investor sentiment, with data over the weekend showing profits at Chinese industrial companies grew for a fourth consecutive month in August.
“The Fed is making it almost impossible for you to get too bearish,” said John Porter, head of equities at Mellon Investments. “The market is getting more comfortable with the realization that Covid is going to be with us for a while now.”
The advance in global stocks was broad, instead of tech-focused, a sign that optimism about global growth and the end of pandemic lockdowns is returning. Still, equities remain on course for the first month of losses since March after investors sold overheated stocks and fears about a resurgence in the virus weighed on airlines and retailers.
“September certainly continued to challenge the intestinal fortitude of the bulls, but charting the S&P 500 from March shows the bull market remains very much intact,” said Chris Larkin, managing director of trading and investment product at E*Trade Financial Corp.
The SPI is up 23 points this morning.
Source: Bloomberg
Stocks
The S&P 500 Index gained 1.6% as of 4 p.m. New York time.
The Stoxx Europe 600 Index climbed 2.2%.
The MSCI Asia Pacific Index increased 1.3%.
The MSCI Emerging Market Index climbed 1.1%.
Currencies
The Bloomberg Dollar Spot Index fell 0.3%.
The euro gained 0.3% to $1.1667.
The British pound jumped 0.7% to $1.2834.
The Japanese yen rose 0.1% to 105.49 per dollar.
Bonds
The yield on 10-year Treasuries rose less than 1 basis point to 0.66%.
Germany’s 10-year yield rose less than one basis point to -0.53%.
Britain’s 10-year yield rose one basis point to 0.20%.
Commodities
West Texas Intermediate crude rose 0.8% to $40.59 a barrel.
Gold strengthened 1% to $1,880.22 an ounce.
Source: Bloomberg
Zenith has now outlined mineralisation over about 300m of strike at its Red Mountain project in Queensland after drilling returned more very wide gold hits.
The top result is a wide 108m envelope of gold mineralisation grading 1.1 grams per tonne (g/t) that includes higher grade zones of 4m at 4.6g/t gold from 48m, 7m at 2.6g/t gold from 61m and 8m at 3.9g/t gold from 100m.
Zenith Minerals (ASX:ZNC) says the gold mineralisation outline on the western flank of the vent structure remains open at depth and along strike to the south where recently completed reverse circulation (RC) holes have been logged as intersecting similar rock types and alteration to that hosting gold mineralisation.
“These new results provide further encouragement at Red Mountain. Both the high tenor of gold as well as the wide lower grade gold attest to a large mineralising system,” chief executive officer Mick Clifford said.
“We know that the Mt Wright gold mine that we are using as an exploration analogue only had a very limited strike length of 200m but had amazing vertical continuity of over 1km.
“As drilling progresses at Red Mountain, particularly with diamond core, the overall orientation of the gold mineralisation will become clearer.”
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.057 +1.79%
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: $0.18 -7.69%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.064 -4.48%
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: $2.41 +5.70%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.030 -6.25%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.013 +44.44%
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: $0.087 +10.13%
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 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.08 +14.29%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.059 +13.46%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
