Hope you all had a great weekend and are feeling refreshed for a big week ahead.
Some quality R&R, hiking and a round of golf for the Peak Team.
TRADING HALTS
Galilee Energy (ASX:GLL) – Pending an announcement regarding changes to management team.
Recce Pharmaceuticals (ASX:RCE) – Pending news of a proposed capital raising.
Siren Gold (ASX:SNG) – Pending news of a proposed capital raising.
Bastion Minerals (ASX:BMO) – Pending news of a proposed material capital raising.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1918.90 (-0.01%)
Silver: US$22.917 (-0.13%)
Nickel (3mth): US$20258/t (-0.56%)
Copper (3mth): US$8,223.75/t (-0.23%)
Oil (WTI): US$87.297 (+0.49%)
Oil (Brent): US$90.280 (+0.40%)
Iron 62pc Fe: US$117.50/t (-1.67%)
AUD/USD: 0.6379 (+-0.03%)
Bitcoin: US$25,817.50 (-0.31%)
Across markets
Australian shares are poised to edge higher to start the week, one in which the focus will be on the US August consumer price index late on Wednesday AEST and a rate meeting by the European Central Bank on Thursday.
ASX futures were up 4 points or 0.1% to 7154 over the weekend. The S&P/ASX 200 closed down 14.3 points, or 0.2 per cent, on Friday to 7156.7.
On bitstamp.net, bitcoin was down 0.6 per cent to $US25,699.
The yield on the US 10-year note was 2 basis points higher to 4.26 per cent in New York.
Source: AFR
-
he near-term uranium producers Boss (ASX:BOE) and Paladin (ASX:PDN) have been on fire in response to spot prices for the nuclear pushing back over the $US60/lb level.
Their share price gains in the last month have been something to behold, with Boss up 40% and Paladin up 22%. On a combined basis, the market cap of the pair has increased by close to $1 billion.
The latest share price push for the pair, and the trigger for the $US60/lb breakthrough, came from the world’s number two producer, Canada’s Cameco.
It disclosed production at two key Canadian mines would be 8% lower this year due to some operational issues.
Cameco fuelled the uranium price gain by making good news of the bad, saying the production shortfall “further highlights the growing security of supply risk at a time when we believe the demand outlook is stronger and more durable than ever and where the risk has shifted from producers to utilities.’’
“Uncertainty about where nuclear fuel supplies will come from to satisfy growing demand continues to drive long-term contracting, with clear evidence that the broader uranium market is moving toward replacement rate contracting for the first time in over a decade,’’ the Canadians said.
“This is the type of contracting necessary to promote the price discovery already seen in the enrichment and conversion markets, and that is expected to incentivise investments in the supply needed to satisfy the growing long-term requirements.’’
Stockheaders have been on-board with all that more than most and are hopefully enjoying a turbo-boost to their portfolios while the rest of the ASX mining sector limps along on broader global economic concerns and the China slowdown.
The Chinese aren’t slowing down in nuclear power though, with 150 new reactors to be built over the next 15 years. It seems that they like to breath clean air like the rest of us.
Garimpeiro notes that the uranium boom underway has yet to rub off on the ASX-listed explorers and would-be developers in a meaningful way.
So he has gone looking amongst those that he follows and came up with Alligator Energy (ASX:AGE) as one that could be worth watching in the next 6-12 months or so due to a likely strong newsflow, with the uranium price doing its thing in the background.
There is also an interesting comparison that can be made with Boss which now has market cap of more than $1.4 billion. Alligator was trading during the week at 5.5c for a market cap of about $180m.
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: $0.096 -4.00%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 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: $0.0075 +7.14%
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: $0.026 +4.00%
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: $0.008 Unchanged
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: $0.01 -9.09%
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: $0.01 +11.11%
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: $0.048 +2.13%
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: $0.235 +4.44%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.004 Unchanged
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: $0.038 +5.56%
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: $0.011 -8.33%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.66 -2.22%
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: $0.036 +2.86%
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: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 -20.00%
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: $0.024 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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