Last night we headed out to the CBD and watched a bit of comedy.
The city was “buzzing” with lots of people out and restaurants packed.
As Australia is talking about travel bubbles with no quarantine, our Canadian friends in Toronto have just gone into another lockdown.
Global markets just don’t seem to care…
JP Morgan just came out stating that the “economic recovery” could last well into 2023….
Across Markets…
Australian shares are set to open higher, with the S&P 500 edging modestly higher though losing momentum as the session progressed.
JPMorgan boss Jamie Dimon told shareholders he sees the US economy booming for at least two more years.
Separately, the latest minutes from the Federal Reserve’s policy meeting reaffirm that there’s no plan to rush to tighten monetary policy.
ASX futures were up 30 points or 0.4 per cent to 6929 near 6.30am. The currency slid towards a US75¢ handle, down 0.7 per cent. The yield on the US 10-year note edged up 2 basis points to 1.67 per cent.
In New York, shares closed mixed with both the S&P 500 and the Dow edging higher and the Nasdaq slipping. The S&P 500 rose 0.2 per cent; the Dow was up 0.1 per cent; and, the Nasdaq was down 0.1 per cent.
Source: AFR
Peak Minerals is advancing what is shaping up to be a large copper sulphide system at a time that investors are scrambling to gain exposure to top quality ASX-listed copper plays as the market continues to take off.
Copper has edged gold out of the spotlight for the moment as a serious deficit of major new discoveries plays out and demand continues to shoot up thanks to huge infrastructure spending by China and the increased uptake of renewable energy and electric vehicles.
In the past 12 months, the copper price has jumped 95 per cent. Experts like Goldman Sachs are predicting it will hit $US10,500 a tonne in the next 12 months, while Trafigura — the world’s biggest copper trader — expects the metal to hit $US15,000 a tonne in the coming decade.
ANZ said in a research note recently that the outlook for copper remains strong.
“Demand from new growth sectors, such as renewable energy and EVs continues to rise. Supply side issues are also ramping up,” ANZ analysts said.
The booming copper market is drawing investors in right now but there is a distinct lack of quality ASX copper exposure when compared to the likes of say gold.
Peak Minerals (ASX:PUA) is one of a small number of ASX-listed copper plays advancing project developments in a rapidly rising market, and investors are taking notice. In the past 12 months shares have shot up over 270 per cent.
Sector: Consumer Discretionary
Deal Type: Placement
Raise Amount: $2.2m
Latest Entry Price: $0.006 with a 1:4 DW8O
Today's Price Change: $0.17 -2.86%
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: $0.10 Unchanged
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5m
Latest Entry Price: $0.015 with a 1:2 option
Today's Price Change: $0.10 +5.00%
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1m+
Latest Entry Price: $0.35
Today's Price Change: $2.53 -2.69%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5m
Latest Entry Price: $0.25 with a 1:3 Option
Today's Price Change: $0.26 -3.64%
Sector: Vertical Farming
Deal Type: Placement
Raise Amount: $1.53m
Latest Entry Price: $0.05 with a 2:3 Option
Today's Price Change: $0.047 -6.00%
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Latest Entry Price: $0.08 with a 1:1 CLBO
Today's Price Change: $0.23 Unchanged
Sector: Hemp & CBD
Deal Type: Pre IPO
Raise Amount: $2.5m
Latest Entry Price: $0.20
Today's Price Change: CAD $0.26 +4.08%
Sector: Psychedelic assisted Therapy
Deal Type: Pre IPO
Raise Amount: $1.5m
Latest Entry Price: $0.08 with a 1:2 Option
Today's Price Change: CAD $0.16 -6.06%
Sector: mining
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Latest Entry Price: $0.013 with a 1:1 MRQOC
Today's Price Change: $0.011 +10.00%
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today's Price Change: $0.022 Unchanged
Sector: Industrials
Deal Type: Placement
Raise Amount: $750k
Latest Entry Price: $0.015
Today's Price Change: $0.020 -4.76%
Sector: Mining (Gold)
Deal Type: Placement
Raise Amount: $982k
Latest Entry Price: $0.0115 with a 1:1 SBRO
Today's Price Change: $0.005 -16.67%
Sector: Mining (Gold/Silver)
Deal Type: Placement
Raise Amount: $2.3m
Latest Entry Price: $0.014 with a 1:1 GEDO
Today's Price Change: $0.012 Unchanged
