A big thank you to all those who attended our Xmas event at the Dutton Garage in Richmond!
Fantastic to see some familiar faces and reflect on the year that was!
We look forward to having a big 2024!
Across Markets…
Australian shares finished at an 18-week high on Thursday, after signs the US Federal Reserve was preparing to cut rates next year sparked a wave of risk-on trading to sweep the global markets
The S&P/ASX 200 closed up 120.1 points, or 1.7 per cent, to 7373 – the index’s best one-day return of the year. The All Ordinaries was also 1.7 per cent higher.
All 11 sectors ended the day in the green. The rate-sensitive real estate sector was the standout performer, jumping 4 per cent.
The ASX rally followed on from a strong overnight session on US indexes, after the Federal Reserve kept rates on hold and improved its 2024 forecast. The central bank’s median dot-plot projection, updated alongside the rate decision, forecast a policy rate of 4.6 per cent by end-2024 down from the 5.1 per cent projected at the September.
GSFM investment strategist Stephen Miller said the US central bank had sent a clear signal that policy rate increases were at an end and that there was a strong likelihood of policy rate cuts next year.
“The ‘pivot’ unleashed a strong rally in bonds and equities as markets rushed to embrace a ‘soft landing’/ ‘immaculate disinflation’ scenario,” he said in a note to investors.
Source: AFR
On 8 December Battery Minerals (BAT) – soon-to-be renamed Waratah Minerals (ASX:WM1) — completed a private $560,000 placement at a premium to two strategic investors, Tim Goyder and Stuart Tonkin.
Legendary small cap investor Goyder needs little introduction. His companies Liontown Resources (ASX:LTR) and Chalice Mining (ASX:CHN) have become two of the largest explorers on the ASX over the past three years.
He now owns 7.26% of BAT.
Tonkin, who leads ~1.7Mozpa gold major Northern Star Resources (ASX:NST), was already on the BAT register but bumped his stake from 5.83% to 9.89%.
The news was enough to light a rocket under the tiny stock, which has soared almost 150% to a market capitalisation of $12.5m on outsized volumes.
The 8.5% premium paid by Goyder and Tonkin (3.8c per share) already looks like a bargain.
Source: Stockhead
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 – 9.09%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.14 +16.67%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 +7.69%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.004 -20%
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: $0.019 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.009 Unchanged
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: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.057 -1.72%
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: $0.21 +7.69%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.008 +14.29%
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 +25%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.36 +1.41%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.025 -3.85%
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: $0.014 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: $0.0035 +16.67%
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 +4.55%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
No responses yet