Strong session on the boards today for Miners!
Great run from our portfolio companies AS2, SBR, and GED.
In what may seem like an unorthodox solution to Covid…
Compounds in cannabis can prevent infection from the virus that causes Covid-19 by blocking its entry into cells, according to a study published this week by researchers affiliated with Oregon State University.
Click here to read more.
Across Markets…
The Australian sharemarket climbed 0.5 per cent to 7474.4 on Thursday, supported by a strong session for materials and energy stocks.
Crown Resorts led the market, leaping 8.8 per cent to $12.65 after Blackstone lifted its takeover bid to $8.9 billion.
The Australian dollar sealed its biggest daily increase since August 2021 after commodity prices rallied and the US dollar dropped sharply on a spike in US inflation which averted more aggressive action from the already hawkish Federal Reserve.
Cryptocurrency exchange platform Coinbase is set to buy out derivatives exchange platform FairX as the crypto market matures as an asset class.
Source: AFR
Nickel prices continue to rise sharply as demand for the metal peaks against shrinking inventories worldwide.
The double demands of stainless steel and lithium-ion batteries have increased nickel purchases, while at the same time stocks held in London Metal Exchange (LME) warehouses decreased.
LME inventories are currently at their lowest since late 2019, with stocks halving in the last five months.
This has pushed the LME cash nickel price up to US$22,175 per tonne, which is up from mid-December where it attracted US$19,330/t.
LME warehouses currently have 99,462t of nickel in stock.
Source: Small Caps
China stocks fell on Thursday after new bank lending in China fell more than expected in December from the previous month, led by property developers and consumption stocks.
The CSI300 index (.CSI300) fell 0.6% to 4,818.76 at the end of the morning session, while the Shanghai Composite Index (.SSEC) lost 0.3% to 3,586.29.
The Hang Seng index (.HSI) added 0.1% to 24,421.83. The Hong Kong China Enterprises Index (.HSCE) lost 0.1% to 8,603.07.
Chinese banks extended 1.13 trillion yuan ($177.56 billion) in new yuan loans in December, down from 1.27 trillion yuan in November, but lending for the full year of 2021 set a record.
Source: Reuters
Sector: Consumer Discretionary
Deal Type: Placement
Raise Amount: $2.2M
Latest Entry Price: $0.006 with a 1:4 DW8O
Today’s Price Change: $0.048 +2.13%
Sector: Energy
Deal Type: Placement
Raise Amount: $933K & $5.8M
Latest Entry Price: $0.08 with a 1:2 Listed Option
Today’s Price Change: $0.07 -1.41%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.025
Today’s Price Change: $0.027 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.012 with a 1:3 CDTO
Today’s Price Change: $0.04 Unchanged
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: $0.125 +25.00%
Company: Metgasco Ltd. (ASX:MEL)
Sector: Energy
Deal Type: Underwritten Rights Offer
Raise Amount: $4.58M
Latest Entry Price: $0.025 with 1:3 listed option
Today’s Price Change: $0.028 Unchanged
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.20 with a 1:4 loyalty option
Today’s Price Change: $0.325 +25.00%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.032 -5.88%
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: $0.145 +11.54%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.051 -1.92%
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.78 -0.56%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5.3M & $5M
Latest Entry Price: $0.44 with a 1:4 Option
Today’s Price Change: $0.41 -2.38%
Company: Nanollose Limited (ASX:NC6)
Sector: Biomaterials
Deal Type: Placement
Raise Amount: $2.85M
Latest Entry Price: $0.10 with a 1:2 NC6OA
Today’s Price Change: $0.094 Unchanged
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.055 with a 1:2 Option
Today’s Price Change: $0.088 -4.35%
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.027 with a 1:2 CPTOC
Today’s Price Change: $0.034 +9.68%
Company: Impact Minerals Limited (ASX:IPT)
Sector: Mining
Deal Type: Placement
Raise Amount: $4M
Latest Entry Price: $0.0165
Today’s Price Change: $0.013 Unchanged
Sector: Mining
Deal Type: Underwritten Rights Offer
Raise Amount: $2.98M
Latest Entry Price: $0.24 with a 1:1 BOAOA
Today’s Price Change: $0.235 +6.82%
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10M
Latest Entry Price: $0.08 with a 1:1 CLBO
Sector: Hemp & CBD
Deal Type: Pre IPO
Raise Amount: $2.5M
Latest Entry Price: $0.20
Today’s Price Change: CAD $0.045 +12.50%
Sector: Psychedelic assisted Therapy
Deal Type: Pre IPO
Raise Amount: $1.5M
Latest Entry Price: $0.08 with a 1:2 Option
Today’s Price Change: CAD $0.03 Unchanged
Sector: mining
Deal Type: Placements & Rights Offer
Raise Amount: $1.5M
Latest Entry Price: $0.013 with a 1:1 MRQOC
Today’s Price Change: $0.01 Unchanged
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.016 Unchanged
Sector: Cannabis and Hemp
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 Listed Option
Today’s Price Change: $0.033 +10.00%
Company: 8Common Ltd (ASX:8CO)
Sector: Information Technology
Deal Type: Placement
Raise Amount: $800K
Latest Entry Price: $0.03 with a 1:1 Option
Today’s Price Change: $0.18 -5.26%
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
