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    4 December, 2023

Happy Monday!

Keep an eye out in your inbox tomorrow morning as we will be going live with a NEW PEAK OPPORTUNITY.

A lithium acquisition in a red hot region.

Across Markets…

  • ASX rallied almost 1pc on Monday
  • Rates sensitive stocks including Tech and Real Estate led the rally
  • Gold hits all-time high, as Bitcoin surges above US$40k

The ASX 200 rallied on Monday, up 0.80% and tracking gains in New York.

On Friday, US stocks closed higher as traders bet against the possibility of another US Fed rate hike, despite Chair Jerome Powell reiterating that it was too soon to speculate on interest rates cuts.

“It would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease,” Powell said Friday in Atlanta. “We are prepared to tighten policy further if it becomes appropriate to do so.”

On the ASX, rates sensitive sectors like Tech and Real Estate led the rally today, while Energy and Utilities sectors lagged.

Gold mining stocks took lots of bids after gold prices surged more than 3% today, trading now at an all-time high of US$2,086.12.

Energy stocks were mainly in the red after crude prices slumped by over 3%. Brent crude is now trading at US$79.19 a barrel.

Source: Stockhead

Pic of the day

Local Equity News

Latrobe Magnesium (ASX: LMG) is confident it is on track to commence production through its new magnesium oxide (MgO) strategy in early 2024 despite a labor shortage and weather issues.

The company recently elected to include the MgO strategy to initiate early cash flow and to fast-track assessment of the operability of the unique technology being utilised in its initial magnesium production pilot plant in Victoria’s Latrobe Valley.

The project is currently focused on fast-tracking the construction of the plant areas required to produce one-tonne bulk bags of MgO, an intermediate product for customer sales, prior to the project’s main focus on the production of magnesium metal.

MgO is used extensively in the soil and groundwater remediation, wastewater treatment, drinking water treatment, air emissions treatment and waste treatment industries for its acid buffering capacity and related effectiveness in stabilising dissolved heavy metal species.

It also has medical applications.

Overall program impacted

However, the change in focus to MgO production has impacted the overall program, with construction in non-MgO areas being unavoidably delayed as a result.

In the company’s latest project update, chief executive officer David Paterson revealed that construction labor availability is also having a large impact on the project team’s ability to implement its new strategy.

Inclement weather has also hindered the project schedule, particularly in relation to the construction of the critical spray roaster equipment.

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 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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