Happy hump day!
Are you holding a position in PEAK’s portfolio company ASX:CDT?
Well tune in…
Ali Ukani speaks with Castle Minerals (ASX:CDT) MD Steve Stone about current opportunities.
Click here to watch the full interview
Across Markets…
Australian shares jumped 0.9 per cent on Wednesday, the largest daily gain in two months, as a bounce in oil prices boosted energy stocks.
Investors were awaiting the outcome of the US Federal Reserve policy meeting after a week of wild market volatility on fears of a global banking crisis. Financial markets expect the Fed to increase its benchmark rate by 0.25 of a percentage point to the target range of 4.75 per cent to 5 per cent on Wednesday (Thursday 5am AEDT).
Woodside Petroleum leapt 5.2 per cent to $32.80, the biggest increase since October last year. Beach Energy advanced 5.3 percent, putting both stocks at the top of the index.
The major banks rose, but regional lenders had mixed results. Suncorp gained 0.9 per cent. Bendigo Adelaide and Bank of Queensland edged lower.
Latitude dived 7 per cent after revealing a cyber-attack had resulted in far more stolen data than initially reported.
WAM Leaders rose 2.4 per cent. It cancelled its share placement plan and intended placement due to market volatility.
Source: AFR
Oil and gas investment company BPH Energy (ASX: BPH) has returned to ASX trading from a three-month suspension after clarifying details around its controversial PEP-11 offshore gas project.
The company, which owns 36.1% of the offshore NSW project’s operator Advent Energy, today released an announcement to the market that clarifies comments made in news articles last December referencing a mineral resource estimate totalling 5.665 trillion cubic feet of gas.
BPH justified this claim by referring to an initial announcement in 2010 and a recent reassessment of PEP11, which indicated a sum of the P50 estimates of all identified prospects and leads within the permit boundary of 5.7 TCF.
BPH also provided clarification of its own investment, noting Advent’s 85% stake in the project means its share of resources totals 4.8 TCF of P50 resources. In turn, BPH’s 36.1% interest in Advent provides the company exposure to 1.73 TCF of P50 gas resources.
Source: SmallCaps
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.26 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: $0.028 +3.70%
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: $0.011 +11.00%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.018 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.013 -7.14%
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: $0.063 -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: $0.50 Unchanged
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: $0.013 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: $0.047 -2.08%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.015 Unchanged
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.04 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.34 +1.14%
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: $0.05 +6.38%
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.006 Unchanged
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.037 +2.78%
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.12 Unchanged
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.009 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.021 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
