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    14 September, 2023

Have you been following the Uranium price?

It’s moved roughly to a decade high (see pic below), lifting around 5% after a steady run.

According to price monitor Numerco, U3O8 – or yellowcake – is trading at US$62.25/lb.

We’re seeing some money flow back into U stocks as well, including our portfolio company ASX:T92.

Click here to read more.

Across Markets…

Strong rallies from iron ore, coal and uranium producers overshadowed a surprise rebound in jobs data to lift the sharemarket higher on Thursday.

The S&P/ASX 200 gained 32 points, or 0.5 per cent, to 7186. The All Ordinaries also rose 0.5 per cent.

Materials stocks rallied 1 per cent off the back of strong iron ore prices. BHP rose 1.1 per cent to $44.29, Fortescue Metals 3.4 per cent to $20.26 and Rio Tinto jumped 2.2 per cent to $115.85.

Uranium producers charted higher. Paladin Energy jumped up 3.9 per cent to 93¢, Deep Yellow gained 8.3 per cent to $1.05 and Boss Energy jumped 8.8 per cent to $4.32. 

Coal producers also jumped. Yancoal rose 2.3 per cent to $5.02, Whitehaven gained 3.4 per cent to $6.37 and New Hope addded 2.5 per cent to $6.09.

Fletcher Building, which traded ex-dividend as of Thursday, was among the worst performing on the benchmark, down 4.4 per cent to $4.12.

In corporate news, Myer Holdings gained 1.6 per cent, after meeting its sales and profit guidance in its latest full-year report.

The department store declared a final dividend of 1¢, down from 2.5¢ last year

Starpharma retreated 6.3 per cent to 15¢ after positive interim results for the company’s cancer drug sent the shares up 20 per cent a day earlier.

Downer EDI rose 1.4 per cent to $4.22 after securing a new contract from the Australian Defence Force valued at up to $750 million.

Metgasco surged 33.3 to 1.2¢. The small-cap oil and gas explorer has commenced production from the Odin-1 gas well at its joint venture project in South Australia’s Cooper Basin.

Source: AFR

Pic of the day

Local Equity News

Almost 65 years after helping to pioneer the oil industry in Australia, the sector’s all powerful lobby group has decided to drop part of its petroleum links.

The Australian Petroleum Production and Exploration Association (APPEA) has announced it will now be known as the Australian Energy Producers (AEP).

Originally launched in 1959 and previously known by the acronym APEA (Australian Petroleum Exploration Association), the association was born in the pioneering days of oil and gas activity in Australia’s vast and remote inland basins.

Over the following decades it grew into one of the premier lobby groups in the nation, playing a critical role in helping to guide government policy and attract international investment.

It also created one of the country’s premier resource industry events, the annual APPEA conference and exhibition.

Australian Energy Producers chief executive Samantha McCulloch said it was decided on a name change to reflect the growth and evolution of Australia’s oil and gas industry and the transformation of the nation’s energy system.

“The world is changing, the energy system is changing and our industry has already expanded its focus beyond oil and gas exploration and development to also cover low-carbon fuels and net zero technologies.”

“Our members are leading energy producers, exploring and investing in oil and gas alongside the net zero building blocks of low-carbon hydrogen production and carbon capture, utilisation and storage (CCUS) technologies.”


Source: Small Caps

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Recent Peak Deals

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 +19.05%

Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.135 -3.57%

Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.007 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: $0.025 -3.86%

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: $0.0085 +6.25%

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: $0.01 -4.76%

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 +10.00%

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: $0.23 -4.17%

Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.003 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: $0.037 +5.71%

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: $0.012 Unchanged

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.73 +3.55%

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 -19.44%

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: $0.019 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 Unchanged

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: $0.024 -4.00%

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).
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