A pinch and a punch, it’s June already!
Is it just us or do you feel like time is flying by?
On another note, did you know…
The U.S. contributes to ~25% of global GDP.
The top 5 nations contribute ~50%!
See pic below for more.
Across markets…
Australian shares are poised to open lower on the prospect of higher local interest rates and weak overseas sentiment.
Strong US labour data opens the door to still higher US interest rates over the next months.
ASX futures were down 12 points or 0.17% to 7088 near 7am AEST.
- On Wall St: Dow -0.4% S&P -0.6% Nasdaq -0.6%
- In New York: BHP -1.7% Rio -1.9% Atlassian +7.1%
- Tesla +1.4% Apple -0.03% Amazon -0.8%
The S&P 500 ended the month of May with a modest 0.3 per cent gain. In contrast, the Nasdaq 100 rallied 7.6 per cent, reflecting a 17 per cent surge in a gauge of major techs like Tesla and Apple.
The local currency was 0.2 per cent lower, briefly slipping below US65¢; the Bloomberg dollar spot edged 0.1 per cent higher.
On bitstamp.net, bitcoin was 2.5 per cent lower to $US27,108 at 7.05am AEST.
The yield on the US 10-year note slid 4 basis points to 3.64 per cent at 4.59pm in New York.
On Wall Street, shares were mostly lower. Energy paced seven of the 11 S&P 500 industry sectors lower; utilities paced the advancers.
Source: AFR
- Rox Resources is up 157% since announcing a ‘bonanza’ discovery to the south of its Youanmi gold mine
- MD Rob Ryan thinks the Paddy’s Lode find could help the gold explorer be the next Bellevue Gold
- Much will depend on how big and high grade Paddy’s Lode turns out to be
For years we have been searching for the next gold explorer to truly break out and become the next big thing, bolting into the ASX 200 in the legacy of rags to riches success stories like Bellevue Gold (ASX:BGL), De Grey Mining (ASX:DEG) and Gold Road Resources (ASX:GOR).
An unlikely candidate has emerged in Rox Resources (ASX:RXL), a former nickel explorer which is looking to reinvent the historic but forgotten Youanmi gold field in WA’s Mid-West, around 500km northeast of Perth.
Meandering in the portfolio of China’s Oz Youanmi for years, the mine — host to 660,000oz of gold production since its discovery in 1908 — was finally brought back to the ASX by Rox and its JV partner Venus Metals Corporation (ASX:VMC) a few years ago.
At 900m of strike and 3.2Moz of resources at over 3.5g/t, the project looks to have 70-100,000ozpa potential in its current state.
But a new discovery south of Youanmi, where Rox has quickly picked up a 200m strike of mineralised gold, has the potential to transform the site and its owner.
Source: Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.22 +1.38%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.175 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 +3.57%
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: $0.01 +11.11%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.015 -6.25%
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: $0.014 +7.69%
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: $0.27 +3.85%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.005
Today’s Price Change: $0.005 +66.67%
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: $0.044 Unchanged
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.016 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: $0.03 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.86 -1.15%
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: $0.046 +2.22%
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: $0.007 Unchanged
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: $0.036 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: $0.056 -3.45%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.005 Unchanged
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.019 +5.56%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
