PEAK ASSET: MORNING WRAP 2 November: ASX to rise | Wall Street extends gains on Fed rate signal | Perpetual stakes a big presence in Brazil’s ‘Lithium Valley’ |

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by Contributor
on November 1, 2023

 2 November, 2023

Long weekend incoming! 

Put your hands up if you’ve bought yourself a nice suit for this upcoming Spring Carnival?

TRADING HALTS

Critical Minerals Group (ASX:CMG)  – In relation to the results of a Scoping Study for which CMG ‘intends to prepare a further disclosure’

Indiana Resources (ASX:IDA) – Pending an announcement to the market in relation to a decision from the ICSID ad hoc Committee concerning the stay of enforcement of the Award against the United Republic of Tanzania

Kalina Power (ASX:KPO) – Capital Raising

R3D Resources (ASX:R3D) – Capital Raising

Aussie Broadband (ASX:ABB) – Capital Raising

Surefire Resources (ASX:SRN) – Corporate equity raising.

Terra Uranium (ASX:T92) – Proposed Capital Raising

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,978.90 (-0.19%)

Silver: US$22.61 (-1.28%)

Nickel (3mth): US$18,489/t (+0.63%)

Copper (3mth): US$8,140.50/t (+0.51%)

Oil (WTI): US$80.92 (-0.10%)

Oil (Brent): US$85.24 (+0.27%)

Iron 62pc Fe: US$118.91/t (+0.18%)

AUD/USD: 0.6330 (-0.14%)

Bitcoin: US$34,388 (+0.21%)

Across markets

Australian shares are poised to rise, with Wall Street advancing after US policymakers struck what was considered to be a “balanced” view on policy at their latest meeting which concluded overnight.

ASX futures were up 49 points or 0.7% to 6893 near 7am AEDT.

The Australian dollar rallied as much as 1 per cent, just shy of US64¢, as expectations for future US rate rises tumbled.

At 4pm in New York, CME futures put the probability of a December rate increase at 20 per cent, down from 28.8 per cent a day earlier. It was at 31.4 per cent at the end of September.

As for a rate rise in January, the probability dropped to 24.9 per cent from 34.6 per cent a day earlier.

Ahead of the Fed statement, the US Treasury said it will slow the pace of increase in both 10- and 30-year securities next week, triggering a sharp reversal in yields and bolstering growth stocks.

Source: AFR

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Closer to Home
  • Perpetual confirms admission to Brazil’s “Lithium Valley”
  • Initial fieldwork identifies pegmatites with similar characteristics to existing spodumene deposits
  • Fellow ASX-listed explorer in Brazil, Latin Resources, recently raised $35 million to expand established lithium resource

Perpetual Resources is shaping as the next major player in Brazil’s “Lithium Valley” following the discovery of extensive outcropping pegmatites across its newly acquired project areas in Minas Gerais.

With a strategic review currently under way over its longstanding flagship Beharra silica sand project in WA, Perpetual (ASX: PEC) has officially joined a small but growing list of explorers and advanced developers which have generated significant value for shareholders in recent times.

PEC formally acquired multiple key tenement packages in late September, having spent several weeks undertaking due diligence and preliminary exploration work over the Itinga, Padre Pariso and Ponte Nove prospects.

Confirmation of widespread pegamites across all project areas is critical given the company’s tenure is proximal to established lithium projects held by the likes of Sigma Lithium, Lithium Ionic Corp and ASX-listed Latin Resources (ASX: LRS).

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: $0.012 Unchanged

Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 Unchanged

Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 -14.29%

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 +20.00%

Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
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Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.0200 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: $0.007 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 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: $0.10 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: $0.155 -3.13%

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: $0.032 -3.03%

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: $0.010 -9.09%

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.415 -32.52%

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: $0.021 +5.00%

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: $0.016 +6.67%

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 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: $0.023 Unchanged

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

The trustee for Peak Asset Management Unit Trust (“Peak”) is a corporate authorised representative (#1295491) of Dayton Way Securities Pty Ltd (AFSL #382585).
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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