ASX ignores prospect of new COVID restrictions in China and closes 0. 59%

by Pedro Milios

China has reported its first COVID death in six months, raising the likelihood of more serious lockdowns. Interestingly, the ASX ignored this information, the final 0. 59% or 42 numbers above 7181. 30.

However, iron ore futures have retreated amid those COVID considerations in China.

The stars of the day in coal stocks, with Whitehaven Coal (ASX:WHC), Yancoal (ASX:YAL) and TerraCom (ASX:TER) making really extensive gains.

futures

Best and worst performers

The most productive sector acting energy, rose by 2. 64%. The worst sector acting industry, down 0. 31%.

The maximum effective action of the S

The worst performing inventory of the S.

Asian News

Asian stocks will end combined today.

Greater China’s markets are at mediocre levels, with Hang Seng recovering its losses. Combined with the rise in shares of Japan and Taiwan.

Overall, Japan’s Nikkei lost 0. 68%, Hong Kong’s Hang Seng lost 0. 61% and China’s Shanghai Composite 0. 74%.

Quiet Monday

Quiet Monday inquire to kick off a shorter vacation week. China Covid tends to be a key domain of concern. This is followed by recent enthusiasm for other control and prevention measures. A stronger dollar is also a drag on threat sentiment. The energy sell-off is a glut of crude that only subsided marginally after falling more than 5% on the headlines of higher OPEC+ supply, which the Saudis later refuted. Big tech weakness is another domain of scrutiny with a recent focus on economic normalization and macroeconomic headwinds. Fedspeak is a little more dovish with Bostic and Daly talking about a terminal rate of around 5%. Nothing incremental as far as the other more hyped themes go. Bulls pointed to peak inflation momentum, expected slowdown in the speed of Fed tightening, client resilience, seasonality, and entries/resumption of FOMO talks. Bears pointed to Fed’s wariness of easing monetary conditions, terminal rate hike threat, longer top rate messages, negative trends in earnings revisions, signal of recession due to reversal of the curve and the most depressed positioning.

Galos angelesn Lithium Limited (ASX: GLN) has provided an update on the various lines of assessment work underway on its 100% owned Dead Man West (HMW allocation) assignment in Catamarca Province, Argentina. -overhaul of HMW term pump (PBRS-01-21) and constant delivery of 25 L/s at an average grade of 967 mg/L Li for more than 30 days. Galos angelesn Managing Director, JP Vargas de los angeles Vega, said: “The Galos angelesn team continues to advance HMW’s assignment at a steady pace. HMW’s allocation has the highest quality lithium brine and the lowest in impurities in Argentina. The stock closed up 6. 23% at $1,535.

Kingston Resources Limited (ASX:KSN) (Kingston or the Company) is pleased to announce that it has effectively implemented Flow 1 of the High-Tech Metals and Critical Minerals Activation Fund – Project Activation Studies. The $130 million fund is designed to drive investment and deliver on the New South Wales government’s vision of positioning the state as the leading global supplier and processor of critical minerals and high-tech metals. Commenting on the co-financing, Kingston Resources Managing Director Andrew Corbett said: “We are very pleased to have effectively won the Stream 1 investment from the New South Wales Government’s High Tech Metals and Critical Minerals Activation Fund for our latest level of SOZ progression studies.

Chrysos Corporation Ltd (ASX:C79) announced that Chrysos Managing Director and CEO Dirk Treasure, Chrysos Chief Technology Officer Dr. James Tickner and Dr. Nick Cutmore, former Research Director/Program Manager of Australia’s national science agency, CSIRO, have won the Innovation Award. Award at the 2022 Prime Minister’s Science Awards. The 3 winners are identified for the successful progression and commercialization of the PhotonAssayTM generation that enables faster, safer, more accurate and environmentally friendly research of gold, silver, copper and other elements. 1. 3% to $3. 12.

Radiopharm Theranostics (ASX:RAD), a developer of a world-class platform for diagnostic and healing radiopharmaceuticals, announced an agreement with the Australian Nuclear Science and Technology Organisation (ANSTO) to supply the company with additional non-carrier isotopes lutetium-177 (Lu-177) for testing in Australia. “ANSTO is committed to working to improve human fitness and save lives through cutting-edge diagnostic, healing and remedy technologies for existing and emerging diseases,” said Shaun Jenkinson, executive director of ANSTO. $0. 115.

Novatti Group Limited (ASX: NOV) (Novatti or Company), a leading fintech that enables corporations to pay and receive payments, is pleased to announce that it has now earned a special dividend of $12. 8 million on its 19. 9% strategic stake in Reckon Limited (ASX: RKN) said: “This partnership continues to be supported through transparent synergies between our respective payment and accounting solutions. It is vital to note that our joint marketing efforts for this partnership are gaining traction, attracting new leads and customers. The stock closed down 1. 85% at $0. 265.

ImpediMed Limited (ASX: IPD), announced a reorganisation to better align organisational design and control with the company’s business objectives. The functional reorganization has the effect of a very transparent accountability and strategic alignment to drive key projects such as repayment and profit improvement. As a component of the reorganization, several other people left the organization, but workers in key spaces were virtually unaffected. The shares closed up 1. 06% at $0. 095.

Besra Gold (ASX:BEZ) today announced exceptional intersections of high-grade gold and bonanza at its Bekajang assignment in Malaysia. A circular drilling will begin within a while to monitor the possible implications of the intercepted exceptional laws. In response, CEO Dr. Ray Shaw commented, “The forward-looking implications of the exceptional grades intercepted in our recent drilling require precedence tracking and may lead to a basic review and improvement of Bekajang’s prospective. “The stock closed up 47. 5% at $0. 059.

Audeara Limited (ASX:AUA) announced that it has won a corporate commitment for an investment of A$2. 8 million with a strategic investor, Mr. David Lin, CEO of Clinico Inc. The company agreed to factor 28,000,000 consisting of percentages worth $0. 10 consistent with the percentage issue consistent with shareholder approval. In response, Audeara’s CEO, Dr. James Fielding, said: “Audeara has already announced an ongoing appointment with Clinico in Taiwan and looks forward to strengthening this appointment to expand business opportunities in Asia. The stock closed up 7. 41% at $0. 087.

PlaySide Studios Limited (ASX: PLY) has announced the signing of a game progression agreement with Meta Platforms Technologies. Meta hired PlaySide to design and expand a truly combined interactive software product for its Quest suite of virtual truth devices. In response, Playside CEO Gerry Sakkas said, “Meta is bringing virtual reality and truth combined into the mainstream with its Quest suite of products, and we’re thrilled to be able to demonstrate our expertise in the box with this game. The shares closed down 15. 97% at $0. 69.

Commodities and the dollar

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Lake Resources (LKE. ASX): LKE signed two non-binding memoranda of understanding within 10 days. a memorandum of understanding of 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. Trade negotiations are still ongoing, but they should, especially if Ford and Hanwa inject a new equity into LKE, further reduce the risks related to mission funding and thus ensure that LKE and Kachi are fully funded.

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Two recent severity studies particularly exceeded expectations and revealed the possibility of expansion of the existing ERM at Throssell Lake, as well as an opportunity for expansion at Lake Yeo. This reinforces the prospect of a decades-long Tier 1 SOP production facility founded around Lake Throssell. .

Lately, TMG is completing paints for PFS scheduled for early 2023, adding drilling to begin in the third quarter of 2022, evaporation testing and permitted activities. The effects of these systems will be the SFP and any long-term resource upgrades.

SOP reference prices increased to ~US$940/t due to recent geopolitical developments. The October 2021 scope study assumed a SOP value of USD 550/t and included a sensitivity study showing that every 10% accumulating effects on value at $144 million accumulating in the NPV of the $364 million allocation. The accumulation of about 70% compared to the scope study implies a NPV allocation of about $1. 4 billion.

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Despite the fall in reported oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show an improvement in its main parameters.

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WT Financial Group Limited (WTL) is a fast-growing diversified money company, founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their product recommendations and offerings are primarily provided through an organization of independent money advisors who operate as legal advisors. WTL in its brokerage organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). He has approximately 275 advisors in over two hundred money advisory firms across Australia. transaction under its Spring Financial Group brand.

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In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on biotechnology indexed at ASX Immutep Ltd (ASX: IMM). It was so inspired by IMM that Corporate Connect found it imperative to publish a follow-up report that included an assessment of the company, as the market did not see the great potential of eftyleagimod alfa (efti).

This follow-up report published today. Using comparables, after adding the money to your EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of an Immutep percentage at 2. 20 $A.

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