How was your day?
Across Markets…
- Shares climbed on Thursday, up over 3pc for the month
- IRESS was best moving large cap today, Cettire worst
- Investors are betting the Fed will no longer be raising rates
The ASX200 climbed by +0.3% higher on Thursday, boosted by gains in Tech, Banking and Industrial sectors. For the month, the benchmark ASX 200 index was up 3.5%.
Overnight, the unexpectedly high US GDP figure for October saw trading diverging markedly across major European, UK and US equities markets.
The Fed Reserve’s economic roundup report, known as the Fed Beige Book, however revealed a weaker economic outlook for the next 6-12 months.
Experts like Bill Ackman are among those influential investors now betting the Fed will start cutting rates as soon as the first quarter of 2024.
On the ASX, the biggest mover today was financial data provider IRESS (ASX:IRE), which jumped 15% following an updated guidance (see more details below).
Decliners include AGL Energy (ASX:AGL) and Origin Energy (ASX:ORG), which fell -2% after its board rejected a revised takeover bid from Canadian suitor Brookfield, calling the Brookfield’s offer “incomplete and complex”.
Across the region, Japan’s Nikkei is heading towards its best month since January, up 8% in November.
But sentiment in Asia was mostly negative today after a report showing that Chinese factory activities and services sector have contracted once again in November.
Looking ahead to tonight, October personal income and spending data in the US are due, along with October’s PCI price index.
Source: Stockhead
Boss Energy (ASX: BOE) has reached another milestone in its re-development of the historic Honeymoon mine in South Australia with the generation of production-grade uranium during pre-flushing of the start-up wells.
The procedure is conducted to facilitate efficient leaching of calcium and chlorides from the orebody and has captured trace amounts of uranium in the solution.
Once flushing is completed, Boss will start the leaching process with optimal lixiviant to achieve targeted tenors of uranium.
This will involve fortifying pre-conditioned groundwater with reagents prior to injecting the lixiviant into the orebody to dissolve the uranium content.
The uranium-rich solution will then be pumped to the surface via extraction wells and discharged to the pregnant leach solution (PLS) processing ponds.
Ion exchange circuit
Boss is aiming to fill the PLS ponds this year in preparation for commissioning the ion exchange (IX) circuit in January with the first drum of uranium scheduled for production in the new year.
The circuit is expected to drive efficiencies at Honeymoon, increasing production throughput to a nameplate capacity of 2.45 million pounds per year of uranium oxide while reducing ramp-up times and technical risks.
Uranium ore will be captured via IX before being precipitated and calcined to produce a high-quality saleable uranium oxide product.
Source: Small Caps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.006 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13
Today’s Price Change: $0.135 -10.00%
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 Unchanged
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 +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 +4.76%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
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: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.0105 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: $0.013 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.059 Unchanged
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: $0.18 -2.7%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.009 +28.57%
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.006 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.39 -1.27%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.038 +5.56%
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: $0.016 Unchanged
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.003 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.024 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
No responses yet