The Australian stock market rallied today after yesterday’s strong promotion. At noon, the S
SPI futures rose 23%.
Best and worst performers
The most productive according to the sector in training Discretionary consumption, up 0. 96 percent. The worst according to the energy sector, up to 2. 23 percent.
The best-performing large-cap company is Telix Pharmaceuticals (ASX:TLX), which rose 3. 57% to $18. 14. It is followed by the shares of JB Hi-Fi (ASX:JBH) and BlueScope Steel (ASX:BSL).
The worst performing cap is Pro Medicus (ASX:PME), which is trading down 6. 08% at $122. 90. It is followed by shares of Woodside Energy Group (ASX: WDS) and Newmont Corporation (ASX: NEM).
Raw materials and the dollar
Gold is at $1,782. 70 per ounce.
Iron ore rose 0. 5 to $104. 10 a tonne.
Iron ore futures are pricing in a drop of 0. 6.
An Australian buys 65. 13 cents on the dollar.
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Overall increases for Deep Leads’ resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at Deep Leads’ rare ion adsorption clay (IAC) earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding MoUs within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese raw materials trader, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are set to collaborate on long-term strategic partnerships with LKE. Trade negotiations are still ongoing but should, specifically if Ford and Hanwa inject new capital into LKE, de-risk additional financing of the task and thus ensure 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 SOP Tier 1 production center around Lake Throssell.
TMG is currently completing work for the planned PFS in early 2023, adding start of drilling in Q3 2022, evaporation testing and permitting activities. The effects of those systems will affect the PFS and any long-term resource upgrades.
The SOP reference values have increased to approximately $940/t due to recent geopolitical events. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% increased value effects in a $144 million NPV increase in the $364 million task NPV. The increase of approximately 70% compared to the scoping study implies a NPV allocation of approximately $1. 4 billion.
Despite the fall in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show an improvement in its main indicators.
WT Financial Group Limited (WTL) is a rapidly growing diversified monetary company, founded in 2010 and indexed on the Australian Stock Exchange (ASX) in 2015. Its recommendations and product offerings are provided primarily through an advisory organization independent monetary advisors who act as legal advisors. representatives. WTL in relation to its broker organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisors in over two hundred money advice companies 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 was so inspired by IMM that Corporate Connect deemed 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 follow-up report was released today. Using comparables, after adding a reduction of money to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at AU$2. 20.