Happy Hump Day!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,925.82 (-0.64%)
Silver: US$23.53 (-1.83%)
Nickel (3mth): US$20,940/t (-0.50%)
Copper (3mth): US$8,383/t (-0.83%)
Oil (WTI): US$86.72 (+0.92%)
Oil (Brent): US$89.96 (+1.08%)
Iron 62pc Fe: US$117.13/t (-0.90%)
AUD/USD: 0.6377 (-1.3%)
Bitcoin: US$25,721 (+0.13%)
Across markets
Australian shares were set for a muted open. Tech shares were higher in New York, paced by Tesla, though it wasn’t enough to keep US markets in positive territory. US bond yields rose.
ASX futures were down 17 points or 0.2% to 7267 near 7am AEST.
- On Wall St: Dow -0.6% S&P -0.4% Nasdaq -0.1%
- In New York: BHP +0.4% Rio -0.7% Atlassian +0.7%
- Tesla +4.7% Apple +0.1% Amazon -0.6% Meta +1.3%
The local currency slumped more than 1.3 per cent; the Bloomberg dollar spot index was 0.7 per cent higher.
On bitstamp.net, bitcoin was 0.3 per cent lower to $US25,708 at 7.04am AEST.
The yield on the US 10-year note rose 8 basis points to 4.26 per cent at 4.50pm in New York.
Morgan Stanley strategist Michael Wilson is holding fast to his view that US equities are overvalued, and he also thinks there is far too much optimism about the outlook for the US economy.
“In late cycle environments, it’s very typical for investors to swing back and forth between soft and hard landing outcomes,” Mr Wilson said in a note.
“The rally in some of the major averages over the last few weeks may have investors feeling a bit better again but given the underlying weakness in breadth and in some of the more cyclical parts of the market, we think that optimism should be faded.”
Source: AFR
- The G26 is energy efficient, compact and quiet compared to competitors
- SIX expects increased demand for its clean energy technology
- Production of the G15 range begins in October, followed by the G26 in November
- The G26 will debut at Dubai’s WETEX Sustainability Event in November
Sprintex has completed testing, validation and benchmarking for its innovative new G26 (25kW) stand-alone turbo-blower designed for wastewater aeration and industrial applications.
The company develops and manufactures clean air compressors for use in a wide range of applications, including combustion engines superchargers, hydrogen fuel cells and wastewater treatment.
Back in July, Sprintex (ASX:SIX) raised $1.3m to purchase production equipment and parts inventory for its recently completed range of e-compressors and industrial blowers, with the aim of accelerating the rollout of initial production at 15,000 units a year to meet the expected increase in global demand for clean energy technology.
The new G26 turbo-blower certainly stands out for energy efficiency.
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: $0.15 -6.25%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.155 +3.33%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.008 Unchanged
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 -3.70%
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: $0.0085 +6.25%
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: $0.010 Unchanged
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: $0.049 -2.00%
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: $0.24 +11.63%
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: $0.004 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: $0.035 -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 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.68 +2.26%
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: $0.03 -3.23%
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: $0.021+5.00%
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: $0.006 -14.29%
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: $0.023 -4.17%
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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