How was your weekend?
Friday’s Small Caps standouts were:
It wasn’t going to be long before we heard from Errawarra Resources (ASX:ERW) again.
The WA explorer (which has expanded its portfolio from nickel and lithium, to gold and graphite), is up once more, following the company’s impressive annual report, which dropped late Thursday.
The report provides a clear roadmap up front in executive chairman Thomas Reddicliffe’s letter to shareholders, which notes:
- The company’s main focus over the past year has been to secure the Andover West tenement in the Pilbara, where it is hunting “compelling nickel targets”…
- … as well as digging into some pretty compelling lithium nearology, too – what with the Azure Minerals (ASX:AZS) lithium success story being pretty much adjacent.
- Further exploration at the gold, nickel, graphite focused Errabiddy project is ongoing.
- Meanwhile, “the company has reviewed its commitment to its foundation projects at Binti Binti and Fraser Range, and is actively seeking to sell or Joint Venture these projects.”
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1918.90 (-0.01%)
Silver: US$22.917 (-0.13%)
Nickel (3mth): US$20258/t (-0.56%)
Copper (3mth): US$8,223.75/t (-0.23%)
Oil (WTI): US$87.297 (+0.49%)
Oil (Brent): US$90.280 (+0.40%)
Iron 62pc Fe: US$117.50/t (-1.67%)
AUD/USD: 0.6379 (+-0.03%)
Bitcoin: US$25,817.50 (-0.31%)
Across markets
Australian shares are poised to edge higher to start the week, one in which the focus will be on the US August consumer price index late on Wednesday AEST and a rate meeting by the European Central Bank on Thursday.
ASX futures were up 4 points or 0.1% to 7154 over the weekend. The S&P/ASX 200 closed down 14.3 points, or 0.2 per cent, on Friday to 7156.7.
On bitstamp.net, bitcoin was down 0.6 per cent to $US25,699.
The yield on the US 10-year note was 2 basis points higher to 4.26 per cent in New York.
Source: AFR
Friday’s top gainers also included Advanced Share Registry (ASX:ASW) up 32% while Gregor (me) was watching, after revealing it entered a scheme of arrangement, which will see Automic Enterprise will buy 100% of the company, at $0.165 per share.
ASW closed at $0.125 yesterday, and is sitting right on top of Automic’s target price at lunchtime today. Automic Group, BTW, provide accounting services and finance functions to support compliance and ‘deliver efficiency to your business.’
Copper hunter Southern Hemisphere Mining (ASX:SUH) surged.
In relation to a shortfall from the company’s pro-rata non-renounceable entitlement offer in July this year, Southern Hemisphere Mining has received binding commitments for the shortfallen securities, raising additional funds of more than $1.27m.
In total, the company advises it’s now successfully raised the full amount of $2.36m offered under the entitlement offer. And this will help enable drilling at the Llahuin project, with the aim of substantially increase the existing resource towards a 25 year-mine life, and this is piquing the interest of copper-hungry majors.
Oliver’s Real Food (ASX:OLI), which wandered somewhat zombie-like to a 35.3% rise on zero news.
Source: Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.096 -4.00%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.0075 +7.14%
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.026 +4.00%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.008 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.01 -9.09%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.01 +11.11%
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.048 +2.13%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.235 +4.44%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.004 Unchanged
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.038 +5.56%
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.011 -8.33%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.66 -2.22%
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.036 +2.86%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 -20.00%
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.024 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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