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    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    Use AI-Driven Rally to Reposition For Worst Months

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    Bulls Are in Control, But How Sustainable Is the Current Rally?

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 29 MAY: ASX jumps 0.9pc | Japan’s Nikkei hits highest since 1990 on weak yen, US optimism | Radiopharm receives positive early cancer treatment feedback from FDA |

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    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

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    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    Cabrera Capital Daily Game Plan

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    The Selloff Is Putting Us Back Into The Painful Range Trade

    A Few Individual Stock Trades Stand Out

    Like a Tractor in a Rainstorm, the S&P Is Stuck in the Mud

    ‘Thin to Win’ Is Today’s Theme

    3 Lessons From My Mistake. Opex & Powell Are on Tap!

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PEAK ASSET: ARVO WRAP 24 MAY: ASX drops, weighed down by BHP, Fortescue | France bans short-haul flights to cut carbon emissions | BMG Resources strikes pegmatites in Coolgardie |

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May 24, 2023
in Asia, Charts, Equities, IPO
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PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally
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    24 May, 2023

If you’re travelling to France this European summer, then this one’s for you…

France has banned domestic short-haul flights where train alternatives exist, in a bid to cut carbon emissions.

The law came into force two years after lawmakers had voted to end routes where the same journey could be made by train in under two-and-a-half hours.

What do you think about this?

Click here to read more.

Across Markets…

Australian shares dropped 0.6 per cent, or 46.1 points to 7213.8 at market close, weighed down by the materials and healthcare sectors.

The major miners recorded sharp falls during the late afternoon trading session as iron ore futures lowered.

Iron ore futures traded lower on the Singapore exchange, down 4 per cent to $US95.95 ($145.62) a tonne on the June contract.

BHP Group shares shed 2.2 per cent. Fortescue Metals dropped 4.1 per cent. Rio Tinto lost 2.1 per cent. Mineral Resources fell 3 per cent.

Meanwhile, gold stocks rallied. West African Resource jumped 4.7 per cent and was the best-performing stock. Bellevue Gold shares rose 2.4 per cent. Capricorn Metals was up 2.1 per cent. Regis Resources added 1.5 per cent.

Webjet jumped 3.8 per cent after it reported a 164 per cent boost to its revenue in FY23.

Qantas shares bounced back from yesterday’s losses, up 1.9 per cent.

Baby formula manufacturer Bubs Australia shares dropped 5 per cent after the company’s chief financial officer tendered their resignation.

Source: AFR

Pic of the day

Local Equity News

Gold-lithium focused explorer BMG Resources (ASX: BMG) has confirmed pegmatite intercepts in multiple holes at its Bullabulling project located near Coolgardie in Western Australia.

BMG Resources in February took an option from an unlisted company to acquire 100% of the project, the option expiring in mid-June.

The project lies adjacent to, and along strike from, the multi-million ounce Bullabulling gold deposit.

BMG undertook a 20 hole, 1,485m reverse circulation drilling program to test for both gold and lithium.

Among the pegmatite intersections were a 28m intercept from 2m down hole at the Ubini prospect and, at the Purple Panda prospect, there were multiple intercepts of pegmatites and felsic intrusives.

A two-hole testing of historic gold mineralisation hit a 1.25m quartz vein from 53m down hole.

CLICK HERE TO READ MORE

Source: Small Caps

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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 Dayton Way Securities 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 www.peakassetmanagement.com.au  or by telephoning Peak on 1300 304 460 

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June 1, 2023
PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally
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