The Australian market ended the day lower, with generation leading the way.
In corporate news, Premier Investments (ASX:PMV) chairman Solomon Lew noted that the spin-off of the star logos was on track, with a spin-off of Chinese children’s stationery Smiggle expected until the end of January 2025. Lew also said that the company is proceeding with a spin-off of sleepwear brand Peter Alexander. Premier shares are trading 4. 3 cents higher at $31. 98 per share.
Seven Group (ASX:SVW) has responded to the independent review that Boral (ASX:BLD) shareholders reject its takeover bid. Boral shares fell 1. 5% to $6. 06 and Seven shares were down 4% to $39. 63.
At the ringing of the final bell, the S
Futures Contracts
Dow futures point to a 35-point upside. Futures in the S
Best and Worst Performers
The most productive according to the energy sector, rose by 0. 50 percent. The worst performers, according to the technology sector, were down 1. 55 percent.
The best-performing large-cap company, Orica (ASX:ORI), rose 2. 03% to $18. 07. It was followed by shares of Viva Energy Group (ASX:VEA) and Infratil (ASX:IFT).
The worst-performing large-cap company, Atlas Arteria (ASX:ALX), was ultimately down 5. 06% at $5. 07. It was followed by shares of Seven Group Holdings (ASX:SVW) and Pilbara Minerals (ASX:PLS).
Asian Markets
Japan’s Nikkei 0. 03 percent. Hong Kong’s Hang Seng lost 0. 37 percent. China’s Shanghai Composite lost 0. 27 percent.
Commodities and the Dollar
Gold is trading at $2,173. 10 per ounce. Iron ore was down 0. 3% at $108. 80 a tonne. Iron ore futures are pointing to a drop of 2. 3 in line with the cent. Light crude is trading at $0. 09, up at $82. 03 a barrel. 65. 40 cents are bought.
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Deep Leads Resource Increases Across the Board: Quality, Tonnage and Target Area 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 extension wells, representing 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 trading company, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are in a position to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but they should, i. e. if Ford and Hanwa inject new capital into LKE, it will further reduce the risk of the financing of the assignment and thus ensure that LKE and Kachi are fully funded.
Two recent severity studies have particularly exceeded expectations and revealed the possibility of expanding the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade-long Tier 1 SOP production facility around Throssell Lake.
TMG is currently completing paints for the planned PFS in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and permitting activities. The effects of these systems will affect the SFP and any long-term resource improvements.
SOP reference prices have risen to around 940 USD/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% accumulated in value effects at a cumulative $144 million in NPV of the $364 million allocation. The increase of approximately 70% during the scoping study implies an allocation NPV of approximately $1. 4 billion.
Despite the drop in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to record an improvement in its key industry indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors who act as legal representatives. . de WTL in connection with its broker organisation business Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisers in more than two hundred money advice firms 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 study report on ASX-listed biotech company Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect felt it was imperative to publish a follow-up report that valued the company. as the market did not see the great prospects of Eftilagimod Alpha (EFTI).
The follow-up report published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.