How are you this morning?
Gold prices accelerated into and then crashed straight through AUD all-time highs this week.
As banks fall down around our ears it’s possible you’ve been asking yourself – is it time to take this bull by the horns?
Across markets…
Australian shares are poised to recoup some of Monday’s losses at the open as two of the three major US benchmarks were higher near 2pm in New York. First Republic Bank crashed to a record low.
European stocks closed with mostly 1 per cent gains; UBS edged higher.
ASX futures were up 47 points or 0.68 per cent to 6971 near 7am AEDT.
- On Wall St at 4pm: Dow +1.2% S&P +0.9% Nasdaq +0.4%
- In New York late: BHP +1.8% Rio +2.7% Atlassian -5.9%
- Tesla +1.9% Apple +1.7% Amazon -1.4% First Republic -47%
“With the back-stopping of bank deposits by the Fed/FDIC, many equity investors are asking if this is another form of QE and therefore ‘risk on’,” Morgan Stanley’s Mike Wilson said in a note. “We argue it’s not, and instead represents the beginning of the end of the bear market as falling credit availability squeezes growth out of the economy.”
Source: AFR
Corella Resources says ‘outstanding’ results from its 2022 aircore drilling at the Tampu project in WA position it as a global supplier of High Purity Alumina (HPA) feedstock to lithium-ion battery markets.
Best results from the Tampu, Whitecap and Whitehills prospects include:
- 16m at 48.0% SiO2; 37.8% Al2O3; 0.23% Fe2O3; 0.24% K2O; 0.02% Na2O & 0.3% TiO2 from 4m (Tampu);
- 8m at 47.4% SiO2; 38.1% Al2O3; 0.38% Fe2O3; 0.28% K2O; 0.01% Na2O & 0.3% TiO2 from 7m (Whitecap); and
- 7m at 49.7% SiO2; 35,6% Al2O3; 0.83% Fe2O3; 0.82% K2O; 0.05% a2O & 0.4% TiO2 from 14m (Whitehills).
A critical factor for the use of kaolin as a feedstock in the HPA industry is the levels of iron impurities, with a value of <=0.5% Fe2O3 considered to be low iron impurity.
The consistency of the low iron impurities at Tampu has it well placed to potentially qualify as HPA feedstock – plus the results also flag the potential for major resource growth at the project.
Test pits are now being fast-tracked for multiple bulk scale samples for a number of potential offtake partners to further advance offtake discussions.
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: $0.25 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: $0.027 -6.90%
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: $0.012 +9.09%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.017 -10.53%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.013 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: $0.067 +3.08%
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: $0.50 Unchanged
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.013 +8.33%
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: $0.048 +2.13%
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: $0.014 Unchanged
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.035 +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: $1.30 -3.35%
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: $0.047 -2.08%
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.006 Unchanged
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.036 -7.69%
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.14 +12.00%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.009 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: $0.02 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
