An early morning walk and coffee to kick off the day!
A full moon was looking down on Elwood beach this morning, the second full moon of the month!
There’s a certain buz in the air with Spring just around the corner.
We made it through yet another gruelling winter!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,968.7 (-0.03%)
Silver: US$23.25 (+0.01%)
Nickel (3mth): US$20,863/t (-1.04%)
Copper (3mth): US$8377.48/t (-0.03%)
Oil (WTI): US$81.26 (-0.68%)
Oil (Brent): US$84.63 (-0.71%)
Iron 62pc Fe: US$107.41/t (-0.91%)
AUD/USD: 0.65 (+0.7%)
Bitcoin: US$29,155.70 (-0.08%)
Across markets
Australian shares are poised to open higher, reversing earlier losses. Wall Street has closed modestly higher ahead of more key economic data.
ASX futures were up 3 points to 7262 near 7am AEST, reversing earlier loss of more than 10 points.
Reporting on Thursday: AMA Group (AMA) | Atlas Arteria (ALX) | Cromwell (CMW) | Harvey Norman (HVN) | IGO (IGO) | Sandfire (SFR)
- On Wall St: Dow +0.1% S&P +0.4% Nasdaq +0.5%
- In New York: BHP +0.8% Rio +0.7% Atlassian +1.7%
- Tesla -0.1% Apple +1.9% Alphabet +1.1%
The local currency was little changed; the Bloomberg dollar spot index slipped 0.1 per cent.
On bitstamp.net, bitcoin was 1.5 per cent lower to $US27,281 at 7.09am AEST.
Gross domestic product increased at a 2.1 per cent annualised rate last quarter, the government said in its second estimate of GDP for the April-June period. That was revised down from the 2.4 per cent pace reported last month. Economists polled by Reuters had expected GDP for the second quarter would be unrevised.
Source: AFR
- Chalice Mining shares tumbled 25% yesterday in a bruising response to the scoping study for its Gonneville nickel, copper and PGE discovery
- Mine, to be constructed by 2029, could churn through 30Mt of ore a year on farmland near Perth
- PGE expert suggests mine will stack up if Chalices take the high grade route
It was the catalyst for a 25% cratering in the shares of one of Australia’s hottest exploration plays, but Chalice Mining (ASX:CHN) managing director Alex Dorsch insists the company’s initial scoping study on its famous Julimar nickel, copper and platinum group elements discovery is a ‘robust’ launching pad for what will be a multi-billion dollar development.
Located just 70km northeast of Perth on Chalice-owned farmland adjoining the Julimar State Forest, the question marks over Julimar and its 1.9km long Gonneville deposit have until now been around Chalice’s social licence and ESG outlook.
But doubts could well be shifting to economics, with analysts querying Dorsch on a call yesterday about price assumptions for its key commodities that run well above current spot levels and the discount rate used in a study which suggests the project will generate as much as $9.9 billion of free cash over its life.
The numbers for the Tim Goyder backed developer are thus.
Chalice plans to mine an open pit and build a two-step processing plant costing between $1.6-2.3b to execute what will turn either 15Mt or 30Mt of ore a year into 280,000t of palladium, platinum and gold (3E), 9000t of nickel, 10,000t of copper and 800t of cobalt or, at the higher level, 470,000tpa of 3E, 16,000t nickel, 16,000t copper and 1400t of cobalt.
The whole thing would generate free cash of between $6.6-9.9b post tax with an IRR of 26% at a discount rate of 6.5%, with payback in two years.
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: $0.14 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 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: $0.0085 -5.56%
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: $0.026 Unchanged
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: $0.009 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: $0.0105 +5.00%
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: $0.01 Unchanged
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: $0.05 -1.96%
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: $0.23 +2.22%
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: $0.003 Unchanged
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: $0.037 +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: $0.013 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.67 +8.94%
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: $0.031 -3.13%
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: $0.022 -8.33%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.007 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 UnchangedIf you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
No responses yet