LAST ORDERS: All the wisdom you might have missed from the ASX and elsewhere today
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Well… that was Tuesday, kiddos. A reasonable day for the ASX, all things considered, and a hearty well done to Besra Gold (ASX:BEZ), Redcastle (ASX:RC1) and Creso Pharma (ASX:CPH) for gaining quite a bit of relative value today, adding 47.5%, 45.4% and 40% respectively… a solid day’s play.
That’s not the only action from the market, and elsewhere, today – so why don’t you get comfy, kick your shoes off and relax while we step you through a few bits and pieces that you might have missed as Tuesday chewed its way through space-time, same as it does every week.
Ye (The Artist Formerly Known as Socially Acceptable) has announced that he intends to run for President of the United States in 2024… just gonna let you sit with that for a moment … Ready? Okay.
It’s not the first time Ye (The Artist Formerly Known as a Presidential Candidate) has decided to have a tilt at the Oval Office – he did run in 2020 against Trump and Biden, but a paperwork snafu meant that he wasn’t on the ballot in every state, and he only managed to attract 60,000 votes.
That might sound like a lot, but Joe Biden garnered 81,283,098 votes, while Trump got 74,222,958 votes (or 9,000,00000,00,000,000 votes according to his own calculations) – which puts Kanye’s measly 60k into stark perspective.
No word yet on how Ye (The Artist Formerly Known as Banned From Twitter) going to pay for his campaign – he’s already teetering on the edge financially, and it’s highly unlikely that he’s going to be able to get Adidas back on board, despite the obviously golden marketing opportunity to market running shoes designed by a man who is running in the most important political race in the world.
There’s no way this next phase of his life could possibly go completely nipples-to-the-sky, but the idea of a political debate between West and Donald Trump will (if we’re lucky) actually break the internet.
Word on the street is that Ye (The Artist Formerly Known as Mr Kim Kardashian) is already forming a political action committee (PAC) to pool campaign contributions – and if he doesn’t call it TuPAC, I’m going to be bitterly disappointed.
In BioTech news, Elisabeth “I’m too pretty to go to prison” Holmes is going to prison for 11.5 years. The disgraced founder of Theranos, maker of some kind of miracle diagnostic magic talky-talky-box-box gizmo, was recently found guilty of defrauding loads of people (including investors… the horror!!) of loads of money.
Holmes was charged with a number of crimes, but ultimately only convicted on three counts of wire fraud and one count of conspiracy to commit wire fraud, and was facing up to 20 years in prison following the collapse of her US$9 billion unicorn.
Investors should probably have been tipped off by the fact that when she was seven, Holmes reportedly “tried to invent her own time machine”, including a notebook filled with detailed sketches of its internal workings.
No doubt she’s probably ruing the day she invented a dodgy box of medical lies that has managed to excise 11.5 years of her life – because she’s absolutely devo’d at the prospect of more than a decade behind bars.
First up, there looks like there’s been a bit of a mix-up over at Calix (ASX:CXL), which seemed to be caught on the hop by an announcement from heavy building materials mob CEMEX.
CEMEX went public with news that’s bringing online “efforts to lead the transition to a net zero construction industry by implementing several new Carbon Capture, Utilisation, and Storage (CCUS) projects throughout its global cement operations” – and that involves a leveraging Calix subsidiary Leilac’s low-cost CO2 tech.
At the time of writing, Calix is still in a halt and we’re waiting on some information, which should be forthcoming at some point very soon.
News for Fiji Kava (ASX:FIJ) today – the medical Kava minnow has revealed that it has inked a deal that will see its dietary shots range in Vitamin Shoppe stores nationally in the US from April 2023.
Excitingly, the products – sold under the company’s Leilo brand, are to be set up at the crucial “cash wrap” location, next to the checkouts and among the other “Ooh! That looks interesting!” impulse buys.
Fiji Kava completed a merger with US brand Leilo in October this year, and its entry into the Vitamin Shoppe ecosystem adds to the more than 700 other retail outlets that Leilo brought to the table for the deal earlier this year.
And overshadowed juuuust a little bit by huge gold news from the likes of Besra Gold (ASX:BEZ) and De Grey (ASX:DEG) today, OzAurum Resources (ASX:OZM) has had a win at its flagship Mulgabbie North Project in the Eastern Goldfields of Western Australia.
Diamond drill holes MNODH 007, 008 and 009 have turned up some healthy intercepts, including:
Shekel Brainweigh (ASX:SBW) – There’s some weighty transaction news incoming from SBW.
Polynovo (ASX:PNV) – Capital Raise.
Pearl Global (ASX:PG1) – Capital Raise.
Eagle Mountain Mining (ASX:EM2) – Capital Raise.
Calix (ASX:CXL) – Subsidiary Leilac has been named in an announcement by CEMEX about an upcoming project and Calix needed time to sort out a response.