How was your Monday?
Over the weekend, a number of us celebrated Diwali.
Whilst commonly known as the festival of lights, there’s another thing synonymous with Diwali…
And that’s gold!
To see just how much, see pic below.
Across Markets…
A sell-off in energy and bank stocks dragged the Australian sharemarket lower on Monday as the Reserve Bank warned of a “bumpy” road ahead.
The benchmark S&P/ASX 200 index fell 0.4 per cent or 27.1 points to 6948.8 at the closing bell, led by losses in 10 out of 11 sectors. The All Ordinaries edged down 0.4 per cent to 7145.
The energy sector tracked the weaker oil price, shedding 0.9 per cent. Brent crude slipped toward $US81 a barrel, after losing about 12 per cent over the past three weeks on growing concerns over global demand and the unwinding of the Israel-Hamas war’s risk premium.
Santos dropped 1.7 per cent to $7.10, Woodside slid 0.7 per cent to $31.81 and Karoon declined 2.5 per cent to $2.30 a piece.
Iron ore futures on the Singapore exchange traded higher in the afternoon, up 0.7 per cent to $US127.65 a tonne on the December contract.
On Monday morning, the Reserve Bank’s acting assistant governor Marion Kohler said Australia’s inflation rate is “still too high” and the next stage in bringing it back down to target is likely to be more drawn out than the first phase.
In company news, ANZ dropped 3 per cent to $24.70 after it declared a final dividend worth 94¢, partially franked, payable on December 22. The major bank reported a record full-year cash profit of $7.4 billion, 14 per cent higher than a year earlier.
Ramsay Health Care fell 2.8 per cent to $52.44 when the private hospital operator confirmed reports that the company and Malaysian conglomerate Sime Darby have agreed to sell their hospital unit to Columbia Asia Healthcare for approximately $2 billion.
Source: AFR
TG Metals (ASX: TG6), whose share price has risen more than 800% over the last month, has identified another large lithium anomaly with new exploration activities at the company’s Lake Johnston project in Western Australia.
In late October, TG Metals reported high-grade hits of up to 2.28% lithium oxide in initial drill testing of the large Burmeister lithium soil anomaly.
The company subsequently followed up those promising results by defining a new area of lithium in soils anomalism, identified as the Jaegermeister prospect, even larger in scale than Burmeister.
To date, TG Metals has assessed Jaegermeister as a 100-plus parts per million lithium oxide soil anomaly with approximately 5.7km of strike and 2.3km of width.
Initial work has suggested that it forms part of a major lithium geochemical trend that crosscuts the Lake Johnston greenstone belt.
Chief executive officer David Selfe said Jaegermeister appears similar to Burmeister, where the host lithologies are considered critical in the formation of spodumene-rich pegmatites.
Source: Smallcaps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.008 -38.46%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.125 +8.70%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 +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: $0.0055 -8.33%
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: $0.011
Today’s Price Change: $0.0065 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: $0.0105 -4.55%
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: $0.013 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: $0.05 +2.04%
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: $0.175 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: $0.032 +3.23%
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 +9.09%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.385 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: $0.02 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: $0.016 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: $0.023 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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