How did you sleep?
A bit of rapport building today as we head to breakfast shortly with a CEO of a listed company and then later in the day, attend a lunch with the management of RTR and a number of funds.
It’s always important to keep the rapport and engagement up, as there’s nothing quite like “personalised” vs. “keyboard” rapport.
Across markets…
Australian shares are poised to drop, following broad losses on Wall Street, as investors position for at the very least a continuing hawkish stance from US Federal Reserve policymakers.
ASX futures were down 71 points or 1.04 per cent to 6743 near 6.30am AEST.
- On Wall St: Dow -1% S&P -1.1% Nasdaq -1%
- In New York: BHP -0.9% Rio -2.1% Atlassian -2.7%
- Tesla -0.1% Apple +1.6% Amazon -2%
The local currency was 0.5 per cent lower; the Bloomberg dollar spot index advanced 0.4 per cent.
On bitstamp.net, bitcoin was slid 2.9 per cent to $US18,996 at 6.30am AEST.
The yield on the US 10-year note was 7 basis points higher to 3.56 per cent at 4.31pm in New York. The two-year yield was at 3.95 per cent
Source: AFR
Resources stocks have been in demand during the past fortnight with new substantial shareholders for lithium play Lake Resources (ASX:LKE),rare earths explorer Meeka Metals (ASX:MEK), Whitehaven Coal (ASX:WHC), Illuka Resources (ASX:ILU) and Perseus Mining (ASX:WHC).
Terra Uranium (ASX:T92), which listed on the ASX on September 8, has a new substantial shareholder in none other than Peak Asset Management founder and executive director Niv Dagan.
Terra Uranium holds some 775sqkm of the Athabasca Basin in Canada, with three projects – the HawkRock, Parker Lake and Pasfield Lake – containing what the blurb calls the world’s largest and highest-grade uranium deposits.
Peak led the IPO and when asked about the substantial holding Dagan told Stockhead he was bullish on both uranium and T92, saying it had a strong leadership team and quality assets.
“We’ve got a formidable board led by executive chairman Andrew Vigar, who founded Alligator Energy (ASX:AGE) which is now sitting with ~$220 million market cap,” Dagan said.
“For a nano-cap we have a formidable team and board and we have put together three projects that are 100% owned.”
Dagan said Terra Uranium is drilling this coming winter at Athabasca, which has the largest uranium deposits in the world and highest grade.
“Just put that in perspective, BHP’s Olympic dam only has uranium of 0.003% and we are seeking deposits of 200 or 300 million pounds at over 5% grade,” he said.
T92 has also identified a very large uranium anomaly at the Pasfield project, which is one of the largest ever encountered.
“The anomaly, which will be verified in the next few weeks on the basis of the new Z-10 technology, has the earmarks of the same size and grade as Macarthur, in northern Saskatchewan, Canada, which is the world’s largest high-grade uranium deposit,” Dagan said.
He said since the latest change in substantial holding he has added another 900,000 shares.
He said Terra Uranium has several notable shareholders including the Liberman Family, Tristar, Altor, Tribeca and Terra Capital, while directors have also bought in for the action.
The company’s plan is to explore and develop the projects as well as seek out further complementary mineral exploration and resource opportunities
The Terra Uranium share price is up more than 80% since its 20 cents/share IPO to ~37cents/share.
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: $0.37 +1.37%
Company: Lion Energy Ltd. (ASX:LIO)
Sector: Energy
Deal Type: Placement
Raise Amount: $933K & $5.8M
Latest Entry Price: $0.08 with a 1:2 Listed Option
Today’s Price Change: $0.032 +3.23%
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: $0.028 -3.45%
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: $0.03 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: $0.087 +1.16%
Company: Metgasco Ltd. (ASX:MEL)
Sector: Energy
Deal Type: Underwritten Rights Offer
Raise Amount: $4.58M
Latest Entry Price: $0.025 with 1:3 listed option
Today’s Price Change: $0.025 -3.85%
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: $0.355 -2.74%
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: $0.023 -4.17%
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: $0.07 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: $0.027 +17.39%
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.08 with a 1:2 Option
Today’s Price Change: $0.14 +11.54%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.135 -5.42%
Company: Beam Communications (ASX:BCC)
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5.3M & $5M
Latest Entry Price: $0.44 with a 1:4 Option
Today’s Price Change: $0.25 Unchanged
Company: Nanollose Limited (ASX:NC6)
Sector: Biomaterials
Deal Type: Placement
Raise Amount: $2.85M
Latest Entry Price: $0.10 with a 1:2 NC6OA
Today’s Price Change: $0.071 Unchanged
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.09 with a 1:4 RNEO
Today’s Price Change: $0.039 -2.50%
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: $0.004 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: $0.05 +4.17%
Company: Boadicea Resources Ltd (ASX:BOA)
Sector: Mining
Deal Type: Underwritten Rights Offer
Raise Amount: $2.98M
Latest Entry Price: $0.24 with a 1:1 BOAOA
Today’s Price Change: $0.15 Unchanged
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: $0.07 -1.41%
Company: Candy Club (ASX:CLB)
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10M
Latest Entry Price: $0.08 with a 1:1 CLBO
Today’s Price Change: $0.06 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.011 Unchanged
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Cannabis and Hemp
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.021 -12.50%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
