Thank you to all who attended our Christmas Party last night!
It was great to see you, and we’re thankful for all your support this year.
Across Markets
Australian shares are poised to surge after the US Federal Reserve kept its key interest rates unchanged and greenlit future rate cuts.
US stocks rose and bond yields fell after the Federal Reserve signalled stronger chances of interest-rate cuts next year.
The S&P 500 extended gains over 1 per cent. Two-year yields dropped 28 basis points to 4.45 per cent. The Australian dollar jumped against the greenback.
In what was arguably the most important Fed decision of 2023, officials said they expect to lower rates by 75 basis points next year – a sharper pace of cuts than indicated in September’s projections. Powell said inflation easing without an unemployment spike is good news, while reiterating that policy has moved well into restrictive territory.
The Fed chair continued to say that officials are proceeding carefully as inflation may have eased, but it’s too high.
“Jerome Powell seems to be done taking the punch bowl away,” Bloomberg quoted David Russell, global head of market strategy at TradeStation as saying. “Traders expected caution coming into this release but instead it was dovish because the Fed acknowledged inflation has eased. It’s a big change in the language that indicates policymakers see less need to aggressively tighten.”
In Australia, eyes will also be on a speech by RBA assistant governor Brad Jones.
Source: AFR
-
On 8 December Battery Minerals (BAT) – soon-to-be renamed Waratah Minerals (ASX:WM1) — completed a private $560,000 placement at a premium to two strategic investors, Tim Goyder and Stuart Tonkin.
Legendary small cap investor Goyder needs little introduction. His companies Liontown Resources (ASX:LTR) and Chalice Mining (ASX:CHN) have become two of the largest explorers on the ASX over the past three years.
He now owns 7.26% of BAT.
Tonkin, who leads ~1.7Mozpa gold major Northern Star Resources (ASX:NST), was already on the BAT register but bumped his stake from 5.83% to 9.89%.
The news was enough to light a rocket under the tiny stock, which has soared almost 150% to a market capitalisation of $12.5m on outsized volumes.
The 8.5% premium paid by Goyder and Tonkin (3.8c per share) already looks like a bargain.
Their interest probably lies in BAT’s recently acquired Spur project in NSW’s East Lachlan Fold belt, home to some of Australia biggest gold and copper operations.
Just 14km from Spur is Newcrest Mining’s 32.1Moz gold, 7.2Mt copper Cadia Valley operations. But this isn’t just a nearology play.
Tied up in private hands for the last decade or so, Spur comes with a cluster of thick historic drill hits, like 86m @ 1.56g/t gold from 85m.
Historical explorers were mostly in it for the copper and this drilling doesn’t go very deep, despite old IP geophysics defining a strong southerly plunging anomaly beneath existing mineralisation.
Promising signs. An initial 2000m drill campaign to test this target at depth is due to kick off in January.
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: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.12 +14.29%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 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: $0.005 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: $0.019 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 -12.33%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.009 Unchanged
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: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.058 -1.79%
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: $0.195 +5.63%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.007 Unchanged
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 +25%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.35 -4.05%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.026 -7.7%
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: $0.014 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: $0.003 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: $0.022 -4.35%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
No responses yet