The ASX had its back-to-back loss query in the new fiscal year, the S
Futures Contracts
Dow Jones futures point to a drop of 58 points.
S futures
Nasdaq futures point to a drop of 53. 75 points.
SPI futures are down.
Best and worst performers
The most productive, according to the energy sector in formation, rose by 2 percent. The worst, according to the former REITs, were down 1. 46 percent.
The most productive in line with the formation of capitalization giant Whitehaven Coal (ASX:WHC), ended up 5. 66 per cent at $8. 59. Shares of Woodside Energy Group (ASX: WDS) and EBOS Group (ASX: EBO) followed.
The worst-performing large-cap company, Pilbara Minerals (ASX:PLS), was ultimately down 3. 57% at $2. 97. It was followed by shares of Seven Group Holdings (ASX:SVW) and Mineral Resources (ASX:MIN).
Asian markets
The Japanese Nikkei 1. 12 percent.
Hong Kong’s Hang Seng rose 0. 34 percent.
China’s Shanghai Composite Index rose 0. 83 percent.
Raw materials and the dollar
Gold is at $2,339. 10 per ounce.
Iron ore rose 3. 1% to $110. 05 a tonne.
Iron ore futures are pricing in a 1. 02 upside.
Light crude oil rose $0. 09 to $83. 47 a barrel.
An Australian buys 66. 42 cents on the dollar.
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Deep Leads Resource Increases Across the Board: Quality, Tonnage and Target Zone ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at the rare ion adsorption clay earth deposit ( IAC) from Deep Leads in northern Tasmania. The accumulation at MRE comes from 36 assayed exit wells, representing a significant northward extension to the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trader, signed a memorandum of understanding for up to 25,000 t/yr. Subject to execution, this is a feat as Ford and Hanwa are poised to collaborate on long-term strategic partnerships with LKE. Commercial negotiations are still ongoing but should, namely whether Ford and Hanwa will inject new capital into LKE, removing additional risks in financing the task and thus ensuring that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for extension of the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade Tier 1 SOP production center around Lake Throssell.
Lately, TMG is completing paints in preparation for the PFS planned for early 2023, adding the start of drilling in Q3 2022, evaporation testing and permitting activities. The effects of these systems will affect the PFS and any long-term resource improvements.
SOP benchmarks have increased to approximately $940/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and included a sensitivity study showing that every 10% increased value effects resulted in a +$144 million increase in task NPV of 364 millions of dollars. The approximately 70% increase compared to the scoping study implies an NPV of the allocation of approximately $1. 4 billion.
Despite falling oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show improvement in its main indicators.
WT Financial Group Limited (WTL) is a diversified money company in development, founded in 2010 and indexed to the Australia Securities Exchange (ASX) in 2015. Its recommendations and product offerings are primarily delivered through an organization of independent money advisors operating as authorized representatives of WTL under its broker organization operations Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has around 275 advisers in over two hundred monetary recommendation practices across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). It became so inspired by IMM that Corporate Connect considered it imperative to publish a follow-up report valuing the company, as The market did not see the great prospects for eftilagimod alfa (efti).
This monitoring report was published today. Using comparables, after adding money to its PV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of one percentage of Immutep at A$2. 20.