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Share Watch – 10 October 2021


Infinite Blue Energy (IBE) has been approved for Low Volume Trading in its shares prior to its next pre-IPO in October. Only sophisticated investors are eligible to trade. They are currently trading at $1.05 each. Participants in the original IPO at 20 cents, and even those in the second pre-IPO at 70 cents each, would be smiling. The next pre-IPO price will be the Low Volume Trading price at the time.

Stephen Gauld has told the Everlution Blog editor that the IPO is expected for February next year. He says earthworks are already underway at Arrowsmith and the IBE Italian deal should be signed off soon.

If interested in buying in, please register at VCEX’s site.


The newly listed Strike Resources (ASX:SRK) spinout has two key projects: the ‘Solaroz’ lithium brines project in Argentina and the Burke Graphite Project in Queensland.

The graphite at Burke – one of the world’s highest grade graphite deposits – will be optimised by the CSIRO for lithium-ion battery applications over four months.

Lithium Energy will re-engage with potential Chinese and Japanese customers after the testing is complete, it says.

“Based upon the positive reception and strong interest in the Burke project, and with the benefit of the further test work, Lithium Energy will pursue discussions with these previous parties (and other interested parties) with a view to eventually forming binding commercial off-take and development agreements,” the company says.

“Lithium Energy notes that China itself is the world’s largest producer and consumer of graphite.

“However, average graphite grades in China are typically much lower than that of the Burke Deposit and increasing environmental concerns in China are causing companies to look outside of China for stable supplies of high-quality graphite concentrate.”

The $47m market cap explorer is up 245% on its IPO price of 20c per share.


This fresh-faced copper play is now up +90% since listing last week.

The focus is two advanced copper projects in Queensland – Dianne, which is a near-term production prospect near Cairns; and Osprey, which consists of six exploration permits north of Mt Isa.

Historically, Dianne produced 63,578 tonnes of copper at an eyewatering average ore grade of 22.7% copper.

“World markets need new copper supply and demand is forecast to grow up to 600 percent, so we have come to the market to fast-track the development of our copper projects in North Queensland,” managing director Pat Williams says.

“We look forward to updating the market with our upcoming programs in the coming weeks.”­­­

The cashed-up company – which raised ~$12m in its IPO — aims to kick off drilling at Dianne in preparation for a maiden JORC resource.

Financial indicators

The VIX fear gauge down by 2.18 points since 26 September to 18.77.

The Dow Jones Industrial Average up 138.53 points or 0.40% since 26 September to 34,746.25, the STOXX 600 down 9.05 points or 1.94% to 457.29 and the Shanghai Composite index down 110.94 points or 3.06% to 3,592.17.

Gold down to 1,757.20. US 10-year Treasury Bonds up to 1.613 and oil up to 79.59. Cryptos Bitcoin up by 10,922 points or 24.23% to 55,997.

ASX 200 down 86.50 points or 1.17% since 26 September to 7,406.60. The Aussie dollar down to 73.08 US cents.

Carbon Market Spot Prices

LGC $42.00                                                                 STC $39.10

ESC $35.50                                                                 VEEC $73.20

ACCU $2                                                                     EU ETS €59.12

NZU $NZ64.60                                                            UK ETS GBP 62.68

Sources: RenewEconomy, demandmanager,  Reuters, SMH, Market Watch, Ieta, Stockhead

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