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The Good Morning Report – 16th June 2026

Posted on June 16, 2026

5 Things that Grabbed my Attention

1. Elevra Lithium (ELV) popped 21% in US trade to $102.33 overnight. ELV on the NASDAQ is 10 times the price of ELV on the ASX…so by my calculations using the AUD of 70.76c it should trade around $14.47 today to match what happened. It closed on the ASX yesterday at $12.29….Let’s see what happens!!!

2. Musk only sold off a 4.3% of SpaceX in the IPO so the market is fighting over a tiny free float of shares on a giant US$2trillion company…..I’d expect some mega swings as a result.

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