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Welcome to the start of Week 11, 2024. Over the weekend we got two interesting bits of news.
Firstly, the US economy added 275,000 nonfarm payroll jobs in its latest data read. This could disenchant the rally, somewhat, especially given that NVIDIA ended down -5%.
The S&P closed down -0.65% in the Friday US session. But perhaps a more meaningful catalyst for Australian sentiment is China (or perhaps not.)
China also says its CPI inflation went up 0.7% after several months of contractionary activity. One is left to wonder whether or not they’re being unfair to wonder about the veracity of that Chinese data.
Let’s hope so: a stronger China is a stronger Australian economy, whether you like it or not.
Here’s what stocks are catching eyes this morning:
Lithium Energy (LEL) has updated the market on its battery tech activities.
This relates to its work with Burke SPG.
The company reported “exceptional battery testing results.”
Shares last at 58.5c.
Tennant Minerals (TMS) has made an exploration update.
The stock is flagging to shareholders upcoming drilling.
A new expanded area reflecting a 2.5km footprint will be tested at Bluebird.
Shares last at 2.9c.
Orecorp (ORR) has been hit by a third supplementary bidder’s statement from Silvercorp.
The NYSE-listed latter is now offering another deal to sway shareholders.
Silvercorp has offered 19cps for Orecorp shares, and, 9.67 Silvercorp shares on top of that.
Shares last at 57.5c.
Premier1 Lithium (PLC) has completed first phase drilling at Abbotts North.
The company says it has confirmed a stacked pegmatite system.
Lab results are due back in April.
Shares last 4.4c.
Sunshine Metals (SHN) has updated on its geotech team.
Drills will soon fire up on-site.
The company reports drilling will soon kick off at “Gap Zone Feeder Liontown.”
Shares last 1.3c.
Terrain Minerals (TMX) has an exploration update, too.
The stock is reporting “highly encouraging” REE results from Larin’s Lane.
The company reportedly also had good gallium results.
Shares last at 0.4c.
