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LAST ORDERS: Oasis, be damned… you can look back in anger if you want to

It’s late in the day on the 1st of December, which means not only is it 24 sleeps until Christmas, … Read More
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This article was originally published by Stockhead

It’s late in the day on the 1st of December, which means not only is it 24 sleeps until Christmas, but it’s also a good chance to put your feet up for the day, count your blessings (I counted mine – I have six!) and relax while we bring you some nuggets of news from the markets and beyond, which you might have missed because working is hard.

 

FROM THE HEADLINES

A quick glance at the headlines, and it really does look like a large chunk of Europe is trying even harder to signal to Russia that they’re really not happy with what’s been going on in Ukraine.

Germany’s parliament, for starters, has taken a largely symbolic step of declaring parliament a famine in Ukraine in the 1930s under Soviet leader Joseph Stalin “a genocide”, at the same time Ukraine is warning that Russia is using similar tactics in its war today.

While that little “we see you” from Germany was happening, the EU announced that it’s investigating the possibility of seizing some 300 billion Euros from Russian Central Bank reserves to pay for the cost of rebuilding Ukraine, according to EU Commission president Ursula von der Leyen.

And the US is talking up the possibility of “vastly expanding its training of Ukrainian troops”, because that’s the kind of thing it’s super-good at.

This is all taking place against the backdrop of ongoing and massive economic uncertainty the conflict is bringing to Europe, including dicey-looking energy supplies as winter starts to really set in.

And while we’re on the topic of incredibly important International Affairs, it should be noted that the UN hasn’t exactly been sitting on its hands… because the fresh news from that particular outfit is that the humble French baguette has been granted official recognition.

UNESCO voted on Wednesday to include the “artisanal know-how and culture of baguette bread” on its list of Intangible Cultural Heritage – because God knows that there isn’t far more important stuff that the UN might wanna be taking a look at.

And just in case you think we’re kidding…

 

 

Zut alors, sacré bleu and other French words, indeed.

 

LAST ORDERS

It looks like the push from Domino’s Pizza Enterprises (ASX:DMP) to normalise tipping the delivery drivers here in Australia hasn’t quite been enough, after the pizza chain announced that it’s having a capital raise.

The chain is trying to drum up $150 million through an equity top-up from investors, with another $15 million or so through a share purchase plan, to cover the cost of buying out the German arm of the business.

The $150 million is slated to come through a fully underwritten institutional placement, which would then see the Pizza People issue 2.3 million new shares at $65.05 per – roughly 2% cheaper than they were at close of play yesterday.

Investors will no doubt be keen to see how this one plays out, after the company’s recent tail-between-the-legs exit from Italy soured a lot of fast-food faith in the European market.

Meanwhile, 92 Energy (ASX:92E) has informed the market that its maiden drill program at Tower has found “anomalous uranium concentrations in excess of 100 ppm U3O8” in two of the four holes at the Athabasca Basin site, 10km from the currently producing Cigar Lake uranium mine.

“Drillhole TOW22-004 intersected the highest concentration of anomalous uranium, up to 570ppm U3O8, with three other discreet 0.5 m intervals in excess of 100ppm U3O8,” the company says.

These drill holes evaluated Tower’s western prospective corridor, a previously undrilled area which was identified by the company based on a structural interpretation of the 2021 airborne magnetic survey results.

 

TRADING HALTS

Incannex Healthcare (ASX:IHL) – Cap raise.

Winsome Resources (ASX:WR1) – Corporate transaction news.

Domino’s Pizza Enterprises (ASX:DMP) – Cap raise.

Auroch Minerals (ASX:AOU) – Cap raise.

Regal Investment Fund (ASX:RF1) – Cap raise.

Bastion Minerals (ASX:BMO) – capital raising and potential acquisition by the company.

The post LAST ORDERS: Oasis, be damned… you can look back in anger if you want to appeared first on Stockhead.


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