Peak Asset Management Logo

    14 November, 2023

Did you know…

In 2021, The Middle East’s exports made up a value of nearly $1.3T.

UAE ranked highest at $296B, with Saudi coming in at #2.

Whilst fossil fuels lead the exports, precious stones and metals seem to be a close second.

See pic below for more.

Across Markets…

The sharemarket rebounded on Tuesday, with energy and miners leading gains thanks to a recovery in commodity prices as investors await key US inflation data for clues on the peak in interest rates.

The benchmark S&P/ASX 200 Index ended the session up 58.4 points, or 0.8 per cent, to 7007.2. The All Ordinaries climbed 0.9 per cent. Utilities and communications were the only two sectors to underperform.

Investors shrugged off a bearish Westpac-Melbourne Institute consumer sentiment survey, which showed the mood dropped sharply in November after last week’s rate interest increase. Separately, a NAB business survey showed conditions in October remained strong but confidence about the future declined.

Shares in mining giant Rio Tinto jumped 2 per cent to $122.49, BHP Group rose 1.4 per cent to $46.02 and Fortescue Metals shot up 2.7 per cent to $24.34 as iron ore futures extended gains overnight on optimism about China’s troubled property sector.

Beach Energy leapt 6 per cent to $1.58, Woodside climbed 2.6 per cent to $32.62 and Santos advanced 2.5 per cent to $7.28 on rising oil prices. On Monday, the Organisation of the Petroleum Exporting Countries (OPEC) forecast global oil demand to increase by 2.5 million barrel per day this year.

The major banks advanced, except National Australia Bank, which fell 3.2 per cent to $27.97 as it traded ex-dividend. Shares in Commonwealth Bank gained 1 per cent to $102.278 after its home loan book slumped $4.5 billion last quarter amid a profit margin squeeze.

“Commonwealth Bank is unlikely to let the loan book shrink materially or for a prolonged period,” said Morningstar bank analyst Nathan Zaia. “But a focus on increasing share of Australian home loan revenue versus market share is a sensible way to approach the current level of pricing competition.”

Source: AFR

Pic of the day

Local Equity News

Altech Batteries (ASX: ATC) has announced an eightfold expansion in the output of its silumina anodes battery project, increasing capacity from 15 gigawatt hours (GWh) to 120GWh with no change to plant and equipment.

The expansion was realised during the final stages of the project’s definitive feasibility study (DFS) and is expected to cater to long-term demand for silicon-type anodes within the industry.

Under the original DFS scope, Altech had proposed the production of 10,000 tonnes per annum (tpa) of silumina anodes product, comprising 1,000 of high-purity alumina-coated metallurgical silicon incorporated into 9,000tpa of similarly-coated graphite (“10% mix”).

The plant will now focus on the sole production of alumina-coated metallurgical silicon at a rate of 8,000 for customers to blend with uncoated graphite at their own battery plants rather than at Altech’s facility.

In addition to the improved wattage, increasing production of the ‘active’ battery component has also improved battery energy density by at least 30%.

Decreasing the use of graphite is expected to also reduce the cost of producing batteries.

Click here to read more.

Source: Smallcaps

Follow Peak Asset

Recent Peak Deals

Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.007 -12.50%

Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 +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: $0.14 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: $0.006 +9.09%

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: $0.007 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 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: $0.013 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: $0.053 +6.00%

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: $0.19 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: $0.03 -3.23%

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: $0.013 +18.18%

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.395 +1.28%

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: $0.021 +5.00%

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

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: $0.005 +66.67%

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: $0.022 -4.35%

If you would like more information on future Peak deals, please don’t hesitate to get in touch.

The trustee for Peak Asset Management Unit Trust (“Peak”) is a corporate authorised representative (#1295491) of Brava Capital Pty Ltd (AFSL #382585).
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  or by telephoning Peak on 1300 304 460 



No responses yet

Leave a Reply