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    30 November, 2023

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

Pic of the day

Local Equity News

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.

Click here to read more.

Source: Small Caps

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Recent Peak Deals

Company: Alderan Resources (ASX:AL8)
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

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Company: Volt Resources Ltd. (ASX:VRC)
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Sector: Mining
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Raise Amount: $5.7M
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Today’s Price Change: $0.18 -2.7%

Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
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Latest Entry Price: $0.005 with a 1:2 EXTOD
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Company: Estrella Resources (ASX:ESR)
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Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.006 Unchanged 

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
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Raise Amount: $1M+
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Today’s Price Change: $0.39 -1.27%

Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
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Company: Carly Holdings Ltd (ASX:CL8)
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Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD

Deal Type: Placement
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Company: ECS Botanics Holdings Ltd (ASX:ECS)
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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 Brava Capital 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  or by telephoning Peak on 1300 304 460 



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