Did you know…
Australia has the second highest minimum wage in the world.
We fall just shy of Luxembourg.
See pic below for a global picture.
Note all figures are in USD.
Across markets…
Australian shares are set to edge lower.
Wall Street was closed for Memorial Day. Optimism about the US debt ceiling agreement bolstered futures, pointing to an extended rally in tech shares.
ASX futures were down 11 points or 0.15% to 7226 near 6.40am AEST. US futures were modestly higher: S&P 500 futures were up 0.3 per cent; Nasdaq 100 futures were up 0.5 per cent.
The local currency was 0.4 per cent higher; the Bloomberg dollar spot index edged lower.
On bitstamp.net, bitcoin was 0.4 per cent higher to $US27,685 at 6.55am AEST.
The yield on the US 10-year note was unchanged at 3.80 per cent; Germany’s 10-year yield fell 11 basis points to 2.43 per cent.
Treasury futures linked to the 10- to 30-year part of the US government bond market rallied on light volume Monday, as traders looked ahead to an array of supportive factors that could come into play when trading resumes Tuesday after the Memorial Day holiday.
Mark McGowan’s shock exit is bad news for Anthony Albanese Western Australian Premier Mark McGowan has resigned near the height of his political power, in a shock move that makes it harder for federal Labor to maintain majority government at the next election.
Source: AFR
Adelaide-based cold cathode X-ray machine manufacturer Micro-X (ASX:MX1) is changing the way bombs are detected with its Argus IED X-ray camera pre-production unit successfully completing field testing for improvised explosive devices (IEDs).
First a quick lesson on the highly risky practice of bomb detection and disposal (we’ve all seen the movies). Up until now the bomb disposal technician must approach the suspect device or package to get a detector plate behind it to x-ray the contents without moving the device itself.
MX1’s Argus X-ray camera enables the technicians to capture high-resolution images using backscatter, or radiation reflected from the suspected device, which means there’s no longer a need for detector plates.
In the traditional method of bomb detection, moving a suspect package – if for example it’s against a wall – to put the detector plate behind it is highly dangerous.
But Argus, about the size of a large cereal box, enables bomb disposal technicians to safely image suspect packages remotely with greater clarity than ever before with the camera able to be deployed safely by an unmanned ground vehicle (UGV) or robot.
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: $0.21 -14.29%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.185 -2.63%
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: $0.029 +16.00%
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: $0.01 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: $0.0135 -3.57%
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: $0.062 -1.59%
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: $0.27 -1.82%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.005
Today’s Price Change: $0.004 -20.00%
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: $0.041 -6.82%
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: $0.015 Unchanged
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: $0.91 Unchanged
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: $0.044 +2.33%
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: $0.037 Unchanged
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: $0.057 -5.00%
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: $0.006 +20.00%
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: $0.018 Unchanged
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