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Highlights of the day: 30 June

Feb. 29, 2024
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FinMeUp
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FinMeUp highlights of the day

 

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We want to provide our community with the opportunity to engage with our team. A financial coach in your pocket! Do you have a question that youd like to ask? Great! Well answer them all! linktr.ee/FinMeUpLinks

 

South Africa

Renergen Limited

  • Renergen has announced a new gas blower named Gandalf.
  • Gas was intersected at 480m from the surface with a flow rate of around 90,000 standard cubic feet per day.
  • The target depth is 1200m and the well was cased in preparation to drill to the full depth.
  • Renergen will undertake a final risk assessment before introducing hydrocarbon into the plant and declaring it ready for start-up.

Sibanye Stillwater

  • The company acquired an initial 30.29% shareholding in Keliber Oy.
  • Sibanye has now announced that it intends to exercise its pre-emptive right to increase its shareholding in Keliber to 50% 
  • Sibanye will also make a voluntary cash offer to minority shareholders of Keliber, which could initially increase its shareholding in Keliber to over 80%.

Merafe Resources Limited- Ferrochrome price announcement for the third quarter of 2022

  • The European benchmark ferrochrome price for the third quarter of 2022 has been settled at 180 US cents per pound, a 16.7% decrease from the second quarter of 2022.

 

U.S.

Tesla

  • Tesla is now making as many as 5,000 units per week from its Texas Gigafactory.

Grayscale Investments

  • The SEC has denied Grayscale Investments application to convert its Grayscale Bitcoin Trust into a spot-based bitcoin ETF.

Apple

  • Apple reportedly wants users to start buying gas directly from their car dashboard as early as this fall.
  • Included in the upcoming CarPlay update will be a feature letting users tap an app to navigate to a pump & buy gas directly from the screen in the car.

 

Biggest winners and losers

JSE

  • Alphamin +12.66%
  • Thungela -6.45%

US

  • Exelon +1.61%
  • Crowdstrike -3.75%

Crypto

  • Bitcoin -4.8%
  • Ethereum -7.4%
  • Solana -6.8%

 

 

 

 

 

 

 

 


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