It is a Happy Friday indeed!
After a lot of hard work in the background and tireless calls, meetings and reports, we are pleased to announce that our portfolio company Patagonia Lithium Limited (PL3) has received conditional approval to list on the ASX.
The company expects to be on the boards before Friday 7 April.
On that note…
See pic below for some insight into global long term Li supply deficit.
Certainly bodes well for long-term pricing.
Have a nice weekend!
Across Markets…
Financials dragged down the ASX today after sector heavyweight Block Inc (ASX:SQ2)crashed almost 20% following a scathing report by short seller, Hindenburg Research.
At the close of Friday, the ASX 200 index was down by 0.2% and 0.6% for the week.
Cathie Wood’s ARK Invest fund has snapped up 338,000 more Block shares after the plunge, according to its daily trading data.
Meanwhile, gold shares on the ASX continued to climb as spot gold lifted another 1% overnight.
The global banking crisis has sent gold prices past $3000/oz in Australian dollar terms for the first time in the past week.
Oil edged lower in Asian hours with WTI trading at US$69.86, dragging the ASX Energy sector lower.
Macquarie Group’s offshore wind business is eyeing potential investment of more than $US8 billion ($12 billion) to develop two huge projects off Victoria that could be running in time to contribute to the state’s initial offshore wind target and replace declining coal power.
Source: AFR/Stockhead
Shares in Afterpay-owner Block (ASX: SQ2) dived more than 26% on the ASX across the latter half of the week after short-seller Hindenburg Research published a scathing report accusing it of fraud on Thursday.
Hindenburg claimed its report was based on a two-year investigation into Block, which found it had willingly “facilitated fraud” against consumers and the government and misled investors with “inflated metrics”.
The short-seller says its research into Block involved “dozens of interviews” with former employees, partners, industry experts along with reviewing regulatory, public and litigation records.
“In sum, we think Block has misled investors on key metrics, and embraced predatory offerings and compliance worst-practices in order to fuel growth and profit from facilitation of fraud against consumers and the government,” the report stated.
Block founder Jack Dorsey didn’t emerge from the investigation looking too well either, with Hindenburg alleging he had “taken advantage” of the demographics he professed to care deeply about.
Source: SmallCaps
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.23 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: $0.029 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: $0.0105 +5.00%
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 +5.88%
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: $0.061 -1.61%
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: $0.46 +4.55%
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: $0.012 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: $0.045 -2.17%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.014 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: $1.33 +2.70%
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: $0.047 -7.84%
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 -14.29%
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 Unchanged
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: $0.11 -4.35%
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: $0.023 +15.00%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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