A great start to the last day of May here in Melb with a bit of rock climbing.
Fall colours painting the street and a warm coffee in hand…
Happy Hump Day!
Across markets…
Australian shares are set to open lower with mixed trading on Wall Street, although sentiment faded into the closing bell.
Oil tumbled more than 4 per cent as tensions rose anew between Russia and Ukraine.
ASX futures were down 34 points or 0.47% to 7187 near 7am AEST.
- On Wall St: Dow -0.2% S&P +0.00% Nasdaq +0.3%
- In New York: BHP -1.5% Rio -1.5% Atlassian +1.6%
- Tesla +4.1% Apple +1.1% Amazon +1.3% Nvidia +3%
Nvidia’s market valuation briefly crossed the $US1 trillion threshold amid a surge in demand for artificial intelligence products.
The local currency slipped 0.3 per cent; the Bloomberg dollar spot index edged 0.1 per cent lower.
On bitstamp.net, bitcoin was 0.4 per cent higher to $US27,811 at 7.12am AEST.
Source: AFR
Platinum group elements (PGE) are best known for their use in removing toxic gases from the exhaust emissions of internal combustion engine vehicles. But their use in the production of hydrogen could become a big demand driver.
This potential for growing PGE demand is likely to be music to the ears of Southern Palladium (ASX:SPD) which has just upgraded 3PGE+gold (4E) resources at the UG2 Reef within its Bengwenyama PGM project on the Eastern Limb of South Africa’s Bushveld Complex.
The complex contains 70% of the world’s PGE resources, by 39% to 11.65Moz.
Adding further interest, the company has also converted 2.56Moz of this resource grading 7.65 grams per tonne 4E – in line with previous grade expectations, into the higher confidence Indicated category, which provides information on geology and grade continuity to support mine planning.
Indicated resources also represent another step towards the company’s milestone target of defining a 2Moz Ore Reserve.
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: $0.22 +3.33%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.18 -5.41%
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: $0.028 -3.45%
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: $0.016 +6.67%
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: $0.062 Unchanged
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: $0.26 -1.85%
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: $0.003 -25.00%
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: $0.044 +7.32%
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 +6.67%
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: $0.87 -5.25%
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: $0.045 +2.27%
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 +20.00%
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: $0.036 -2.7%
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: $0.058 +1.75%
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: $0.005 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: $0.018 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
