A crude reminder this morning in Melbourne, that the sunshine, (seemingly unlike inflation) is in fact transitory!
Across markets
Australian shares are poised to plunge at the open, taking direction from expectations that global interest rates have not peaked yet. While the RBA is expected to hold rates steady today, a November increase is seen as increasing likely.
ASX futures were down 96 points or 1.36% to 6968 near 7am AEDT.
On the ASX on Tuesday, CommSec said shares of Sims trade ex-dividend. Beach Energy, Insignia Financial, nib Holdings, SEEK and Treasury Wine Estates all pay investors dividends.
- On Wall St: Dow -0.2% S&P +0.01% Nasdaq +0.7%
- In New York: BHP -1.7% Rio -1.5% Atlassian -2%
- Tesla +0.6% Apple +1.5% Amazon +1.8%
- Alphabet +2.5% Meta +2.2% Nvidia +3%
US stocks rallied into the close, paced by tech and helped the S&P 500 end ever so modestly positive. The VIX was poised to end up less than 1 per cent.
With the switch to daylight savings in Australia, Wall Street’s closing bell is now at 7am AEDT.
Source:AFR
- Uranium prices surge 22% to decade long high in September as equities go nuclear
- Iron ore and rare earths see support with zinc and aluminium also up
- Gold and battery metals hammered as US dollar stays strong and Chinese EV demand slows
Uranium (Numerco)
Price: US$73.10/lb
% Change: +22.34%
There is no commodity that even comes close to exciting as much as uranium, which has over the past month started to show the promise uranium bulls have been desperately pontificating on for years and years.
The nuclear fuel has been without peer this year, running upwards every month since March.
But the winning record has been a close run thing for most of that run, inching up a couple of per cent at a time.
September could prove the month the breakout really began, with yellowcake recording a quite extraordinary 22% gain.
It is the way with uranium, which tends to really shoot when the starting gun fires.
From 2003 to 2007 prices ran up around 14 times to a record of over US$140/lb.
Could we get there again? Many experts think so.
A risk could come from rebounding supply from incumbents. With prices running sharply, Kazatomprom has flagged plans to ramp up production by 6000t to a full capacity of 30,500-31,500t by 2025.
It has warned inflationary pressures and supply chain issues could yet hamper those plans.
The price run, which has seen uranium move at times by over a dollar a day, was in part prompted by supply failings from the West’s largest producer Cameco, which owns the world’s highest grade mines in Saskatchewan’s legendary Athabasca Basin.
Analysts for major investment banks like Macquarie have also lifted uranium price decks higher to reflect increased demand and higher incentive prices to bring new mines into production, with industry voices like UxConsulting and the World Nuclear Association saying new sources will be needed as governments the world over sanction extensions and expansions to nuclear fleets in the face of the energy transition.
Source: Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.012 +20.00%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.175 +12.90%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.006 +20.00%
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: $0.024 -4.00%
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: $0.008 +14.29%
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: $0.01 +5.26%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.012 +9.09%
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: $0.042 -4.55%
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: $0.19 +2.70%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.0035 +16.67%
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: $0.035 -2.78%
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: $0.011 -8.33%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.595 -3.25%
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: $0.029 Unchanged
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 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: $0.022 +4.76%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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