Daily Brief Australia: S&P/ASX 200, Amaero International Ltd, Oklo Resources and more

In today’s briefing:

EQD | S&P/ASX200 WEEKLY Make-It-Or-Break-It
Amaero International Ltd – Q4 Cashflow Summary Confirms Strong Costs Stewardship
Atomic Aspirations

EQD | S&P/ASX200 WEEKLY Make-It-Or-Break-It

The S&P/ASX 200 INDEX has been stuck in the 7000-7400 range for 16 weeks until last week when it briefly pierced the upper range (but closed the week at 7403).
This WEEKLY trend pattern can lead to a multi-week rally when it rises for => + 3 weeks in a row (it’s a pattern that can include momentum trades).
The index is at a make-it-or-break-it junction: either it starts to trend higher towards the previous peak (7567, January 2023), or it will pullback into the 7000-7400 range.

Amaero International Ltd (ASX:3DA) is a global specialist in titanium and specialty alloy powder production and advanced manufacturing for the defence, aerospace, and other industrial sectors.
The company has reported Q4 operating cash outflow of $0.855m, well down on that reported in the previous three quarters of FY24 and the lowest quarterly cash outflow since Q4 FY20.
The result was driven by a tight rein on cash operating costs and $1.32m in government grants and tax incentives which offset $0.026m in restructuring costs and the cost of Project Falcon in the United Arab Emirates.

Just a few weeks ago, Oklo, a startup focused on advanced nuclear fission micro-reactor technology, made a significant splash with the announcement of its intention to go public through a SPAC backed by entrepreneur Sam Altman.
Altman, the founder of OpenAI, has become a high-profile figure in the tech industry, with ambitions stretching beyond terrestrial concerns and reaching the very potential of global artificial intelligence.
To realize this bold vision, Altman asserts that the world requires an exponential increase in our energy production—a demand he anticipates being fulfilled by the nuclear sector.

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