Happy Friday!
We had a busy day yesterday with back to back meetings in Sydney roadshowing one of our portfolio companies around town.
It’s always a little disappointing coming back from 31 degree weather to sideways rainfall here in Melbourn.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,880.05 (+0.31%)
Silver: US$22.07 (+0.45%)
Nickel (3mth): US$18,258/t (+0.00%)
Copper (3mth): US$7,943/t (+1.27%)
Oil (WTI): US$82.92 (–0.68%)
Oil (Brent): US$85.36 (-0.54%)
Iron 62pc Fe: US$118.31/t (+0.77%)
AUD/USD: 0.6418 (+0.01%)
Bitcoin: US$26,863.20 (-0.02%)
Across markets
Australian shares are poised to drop, in line with losses in New York, after the latest US inflation data renewed bets that the Federal Reserve is not yet done lifting interest rates.
Core consumer prices, which exclude food and energy, rose 0.3 per cent last month. Headline prices were 0.4 per cent higher. Both metrics were forecast to rise 0.3 per cent.
“I think the [Fed’s policy committee] would look at this and still conclude that underlying inflationary pressures remain too hot for their liking,” Scotiabank’s Derek Holt said. “Core CPI is bouncing back and more important is the evidence on underlying service prices.”
ASX futures were down 60 points or 0.8% to 7065 near 6.45am AEDT.
- On Wall St at 3.55pm: Dow -0.5% S&P -0.6% Nasdaq -0.6%
- In New York: BHP -1.4% Rio -0.9% Atlassian -6.3%
- Tesla -1.6% Apple +0.5% Amazon +0.4% VIX +4.5%
The local currency plunged 1.6 per cent; the Bloomberg dollar spot index leapt 0.7 per cent. The US dollar was set to post its best session in five weeks, and snap a six-day losing streak. The NZ dollar, British pound and euro also tumbled against the greenback.
Source: AFR
- Drill core samples from Godolphin’s Narraburra clay rare earths project have been sent to ANSTO for the second phase of test work
- Initial leach test highlighted exceptional recoveries earlier this year
- Planned work designed to provide a greater understanding of Narraburra’s rare earths extraction alternatives
Godolphin has begun metallurgical test work on samples from the Narraburra rare earths project, which pulled in ‘some of the best’ recovery rates from an Australian weathered clay hosted REE deposit earlier this year.
Godolphin Resources’ (ASX:GRL) Narraburra project northeast of Temora in central west NSW hosts a 94.9Mt resource at 739ppm TREO, which includes a higher-grade component of 20 million tonnes at 1,079ppm TREO.
The project has been explored since 1999, when programs by its previous owner revealed the Devonian Age rocks, upwards of 350 million years ago, to host a cornucopia of rare earth elements.
They included neodymium and praseodymium, the key light rare earth metals prized for their use in permanent magnets for EV motors and wind turbine generators.
Other critical metals included zirconium, yttrium, niobium, dysprosium, terbium, most importantly very low levels of the radioactive uranium and thorium which are inherent to many rare earth deposits.
Source: Stockhead
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: $0.013 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.135 Unchanged
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 +7.14%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.006 +9.09%
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 Unchanged
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: $0.0085 +6.25%
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: $0.011 Unchanged
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 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: $0.17 -10.53%
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: $0.037 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: $0.0115 +4.55%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.585 -3.31%
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: $0.0285 +1.79%
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 +6.25%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.0045 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: $0.024 -4.00%
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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