19 January, 2024

Happy Friday! 

Enjoy your weekend. 

Market highlights

ASX futures up 61 points or 0.8% to 7376 near 7am AEDT

  • AUD +0.2% to 65.65 US cents
  • Bitcoin -3.7% at $US41,073 at 7.10am AEDT
  • On Wall St at 3.12pm: Dow +0.5% S&P +0.8% Nasdaq +1.3%
  • In New York: BHP -0.2% Rio +1.4% Atlassian +1.1%
  • Tesla -1.8% Microsoft +0.9% Apple +3.5%
  • Nvidia +1.4% Intel +1.5% Qualcomm +4.1%
  • VIX -3.6% QQQ +1.5% TLT -1.1%
  • Stoxx 50 +1.1% FTSE +0.2% DAX +0.8% CAC +1.1%
  • Spot gold +0.7% to $US2019.96/oz at 1.44pm in New York
  • Brent crude +1.4% to $US78.99 a barrel
  • Iron ore +2.6% to $US129.00 a tonne
  • 10-year yield: US 4.14% Australia 4.26% Germany 2.34%
  • US prices as of 3.08pm in New York

Australian shares are poised to rise as Apple paced a rally in the tech sector in New York. Iron ore rebounded on hope China will do more to bolster its economy. Oil gained amid widening Middle East tensions. US Treasury yields edged higher.

Volatility persisted with stocks fluctuating through midday before turning decisively higher from 1pm, though the VIX reversed about half of its previous session’s surge.

The yield on the US 10-year note briefly reached 4.15 per cent. It was 4 basis points higher to 4.14 per cent at 3.08pm in New York. The probability of a US March rate cut briefly slipped below 50 per cent, though it was holding above that level late in New York.

Oil swung, pushed higher by concerns about the prospect wider conflict in the Middle East as Iran and Pakistan jousted, and tempered in part by a forecast of ample supply from the Paris-based International Energy Association.

Bitcoin has extended its slide since the US approved a raft of spot bitcoin ETFs earlier this month.

Source: AFR

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Closer to Home
  • Exploration minnow Osmond Resources ramps up its uranium focus in South Australia
  • Sabre Resources wants its slice of yellowcake, too, launching a new campaign in the NT
  • Gateway Mining excited by new gold hits at WA Montague project

Osmond Resources (ASX:OSM)
Yellowcake. Everyone wants it right now.
Osmond is an exploration minnow with a diverse metals (lithium, uranium, gold, boron, graphite ‘n’ more) portfoilo that takes it far and  wide across Australia, USA and Spain.
It’s latest news, though, which shot it straight to the top of the ASX pops today (before Woomera made a strong recovery, that is), comes from local territory – the Fowler project in South Australia.
The $4.2m company has burst up the bourse with a +40% gain after announcing “exciting uranium potential” at Fowler, straddling part of the edge of the sediment-tastic Eucla Basin, which extends over 2,000km along the coast from WA into SA.
Osmond says that its reviewing of historical exploration at the site has identified potential uranium (U3O8) mineralisation right across 20km of the sands and clays within the Fowler project.

Sabre Resources (ASX:SBR)

The Sabre is rattling again, showing some fight on the bourse today with a +24% gain at the time of day’s coffee.

The diverse minerals-exploring junior (lithium, nickel sulphide, uranium) has announced it’s launched a new exploration program at the Dingo uranium project within its 1100km2 Ngalia Basin tenement package in the Northern Territory.

This follows up  on high grade results identified in previous drilling at the tenements – up to 5,194ppm eU3O8.

The company will be going hard with geophysics and drilling high-grade sandstone-hosted uranium targets and resource extensions under shallow cover.

In particular, the Eclipse 1 prospect target is believed to continue for over 50km. All up, only 5km of the sandstone contact has been partially tested with the previous shallow drilling.

Source:Stockhead

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Recent Peak Deals

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: $0.18 -2.70%

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: $0.004 +33.33%

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: $0.0065 -7.14%

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: $0.006 -14.29%

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: $0.055 +1.85%

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: $0.16 Unchanged

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: $0.008 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 -16.67%

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.3875 +1.97%

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: $0.031 +6.90%

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: 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: $0.0225 +2.27%

If you would like more information on future Peak deals, please don’t hesitate to get in touch.

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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 www.peakassetmanagement.com.au  or by telephoning
Peak on 1300 304 460

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