How was your day?
PEAK would like to extend the opportunity for you to join us on a webinar this Thursday with Whitebark Energy’s (ASX:WBE) Non-Executive Director Tino Guglielmo.
See details and registration link below!
Across Markets…
The Australian sharemarket advanced on Tuesday as mining stocks recorded robust gains and iron ore prices jumped on news of additional stimulus in China.
The benchmark S&P/ASX 200 index rose 19.8 points, or 0.3 per cent, to 7078.2 at the closing bell, with four out of the 11 sectors in the green. The All Ordinaries added 0.3 per cent to 7289.3.
The mining giants were among the best performers, with BHP Group jumping 1.6 per cent to $47.40, Rio Tinto up 2 per cent to $127.37 and Fortescue Metals adding 0.7 per cent to $25.47.
Iron ore futures on the Singapore exchange rallied 1.3 per cent to $US132.85 a tonne in late afternoon trading on the December contract.
Source: AFR
Join us this Thursday with Whitebark Energy’s (ASX:WBE) Non-Executive Director Tino Guglielmo who will be presenting the new vision of the company.
Details:
Time: 1pm AEST
Date: Thursday 23rd November 2023
Registration link:
https://events.teams.microsoft.com/event/8adc5c83-b33f-4c92-aee1-fae61ff5d7c1@49e85c04-4935-424c-bde0-beddd5a3d395
The company has recently undergone a number of corporate initiatives including a share consolidation & significant reductions in fixed costs.
With a current market cap of ~$3.24m and a management team with a proven track record of success (ASX:BAS), PEAK feel the company is well positioned to capitalise on the upcoming catalysts
- The next significant step will be to clean-out the lateral section at Rex-3 to return the well to production. This is important as Rex-3 is WBE’s most prolific well and has the capacity to double field production to ~200 barrels of oil equivalent per day
- In addition, the company is currently under a strategic option process managed by Canadian firm Sayer Energy Advisors, to explore the monetisation of all or part of the wholly owned wizard Lake assets which has already led to 17 parties signing confidentiality agreements –Deadline for bids is Thursday, 30 November 2023
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 Unchanged
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 + 3.7%
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 -16.67%
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 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: $0.010 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: $0.012 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: $0.069 +4.55%
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: $0.028 -3.45%
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 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.395 -2.53%
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: $0.016 -27.27%
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 +6.25%
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.
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
