Another day down!
We are closing in on another acquisition opportunity. What is your favourite jurisdiction and commodity?
Across Markets…
- Shares climbed over 1pc, as ASX 200 closed above 7,000 level
- Traders were bullish after dovish comments from Fed Reserve officials
- Origin Energy takeover is official after ACCC approval
Local shares rose over 1% on Tuesday, taking the benchmark ASX200 index over the psychological 7,000 level to 7,046.
All sectors finished in the green, led by interest rates sensitive sectors Tech and Real Estate after some dovish comments from Fed Reserve members overnight.
Fed Vice Chair Philip Jefferson said Fed officials should “proceed carefully” after the recent surge in bond yields.
Earlier, Fed Bank of Dallas President Lorie Logan also said the recent surge in bond yields meant the Fed might not need to tighten again.
“We are at or very near the top of the interest rate cycle,” said Olivier d’Assier of Axioma.
“The economy is resilient. Inflation is on the run. Consumers can’t stop spending. The jobs market remains tight.
“Earnings may have bottomed out in Q3. And the pivoters can’t stop publishing stories about where valuations will end in the place where it all began.”
There’s also more good news closer to home as NAB’s September business survey showed labour cost growth has eased to 2%, bolstering the case that inflation is on its way down.
Elsewhere in the region, Asian stock markets mainly advanced, with Nikkei jumping by 2.5%.
Despite the rally today, most traders are mostly still on edge, watching tensions in the Middle East and hoping the war won’t escalate to a full blown regional one.
Source: Stockhead
Perth-based junior Chilwa Minerals (ASX: CHW) has commenced infill and extensional drilling at the Mposa target area within the advanced-stage Chilwa heavy mineral sands project in Malawi.
The 6000 metre campaign is designed to test the extent and lateral continuity of potential mineralisation at depth by twinning a series of existing holes and drilling new holes adjacent to the target.
The company plans to use a sonic rig to penetrate the water table and improve sample recoveries from previous aircore drilling which averaged less than 70%.
Managing director Cadell Buss said the campaign represented a milestone development for Chilwa.
“We will be seeking an improved understanding of the mineralisation at Mposa especially at depth which was not targeted in previous drilling due to inadequate equipment,” he said.
“Mposa comprises approximately 30% of the project’s total inferred mineral resource by tonnage, making it the largest deposit at Chilwa and the logical place to start our campaign.”
Source: Small Caps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.013 -13.33%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 +3.57%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 -7.14%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 Unchanged
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: $0.022 -8.33%
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: $0.011 +10.00%
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: $0.011 +22.22%
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: $0.044 +4.76%
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: $0.18 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 Unchanged
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.012 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.59 Unchanged
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: $0.029 Unchanged
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
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 Unchanged
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 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
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