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 24 August, 2023

TRADING HALTS

Gold 50 (ASX:G50): Proposed capital raise
Venus Metals (ASX:VMC): Pending news regarding the Youanmi lithium project
Avecho (ASX:AVE): Proposed capital raise
Triton Minerals (ASX:TON): Regarding the grant of a further Mining Concession in Mozambique

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,968.7 (-0.03%)

Silver: US$23.25 (+0.01%)

Nickel (3mth): US$20,863/t (-1.04%)

Copper (3mth): US$8377.48/t (-0.03%)

Oil (WTI): US$81.26  (-0.68%)

Oil (Brent): US$84.63 (-0.71%)

Iron 62pc Fe: US$107.41/t (-0.91%)

AUD/USD: 0.65  (+0.7%)

Bitcoin: US$29,155.70 (-0.08%)

Australian shares are set to open higher as Wall Street continues an optimistic streak based on Nvidia’s earnings result and US economic data boosted hopes for another pause in Fed rate rises.

ASX futures up 20 points or +0.3% to 7112 near 4.01am AEST

  • AUD +0.8% to 64.77 US cents
  • Bitcoin +2.7% to $US26,545 at 4am AEST

The yield on the US 10-year note was down 12 basis points, dropping below 5%, as data showed American business activity barely expanded on subdued customer demand. The 10-year German rate slid 13 basis points as a contraction of private-sector activity in the euro area intensified.

On Wall Street, traders are growing more optimistic on US equities, according to Charles Schwab’s Trader Sentiment Survey, which found 44% are now bullish — up from 32% in the second quarter. While 69% of Schwab’s trader clients still think it’s likely that the US economy will officially enter a recession, that’s down from 86% in the previous quarter.

Source: AFR

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Closer to Home

Parkway has raised $4 million in an oversubscribed placement with investors getting behind the company which is working to solve the enormous wastewater challenges facing industry, including in the coal seam gas (CSG) sector.

Leading industrial water treatment technology company Parkway Corporate (ASX:PWN)  has received firm commitments to raise $4 million via the placement of 285,714,286 shares at 1.4 cents/share.

The placement was initially targeting $3 million, with PWN agreeing to accept $1 million in oversubscriptions, resulting in the placement being upsized to $4 million.

Managing director Bahay Ozcakmak says local and overseas institutions, professional and sophisticated investor have taken part in the placement, including a cornerstone investor from the US.

“We are particularly pleased a US based strategic investor has agreed to increase its interest in Parkway, by providing cornerstone support for the capital raising,” he says.

Funds raised will be used to advance a range of strategic growth initiatives, including those outlined in its recently unveiled Master Plan, and provide general working capital.

“Proceeds from the capital raise will enable PWN to continue to expand its internal  capabilities, including in relation to the modularisation, fabrication, and integration of its key process technologies,” Ozcakmak says.

“Building these internal capabilities is a crucial step in the commercialisation journey and will also provide us with a platform for deploying our technologies in other high value applications, particularly in the resources sector.”

Settlement of the new shares, which will rank equally with existing shares, is expected to occur on August 29 with no options issued as part of the placement.

Targeting Queensland CSG sector

PWN is an advanced water treatment technology firm with four businesses: Parkway Process Solutions (PPS), Parkway Process Technologies (PPT), Queensland Brine Solutions (QBS) and Parkway Ventures (PV).

The recently unveiled Master Plan is being advanced by Queensland Brine Solutions (QBS), dedicated to creating innovative solutions for intricate wastewater and process streams in the Queensland CSG sector.

CSG extraction generates substantial amounts of brine, a highly saline water, as a secondary product.

PWN’s tech reclaims fresh water from hazardous waste brines and transforms the residual salts into valuable industrial chemicals for utilization in Queensland’s market.

PWN master plan was released in June and aligns with the Queensland Government regulations that emphasize converting waste into usable goods to minimise disposal demands.

Following the plan’s release, PWN has actively engaged with multiple stakeholders, including industry partners, governmental entities, strategic collaborators, and the investment community.
Source: Stockhead

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Recent Peak Deals


Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 -6.25%

Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.17 +1.52% 

Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.009 +12.50%

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: $0.026 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: $0.009 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: $0.0105 -4.55%

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: $0.049 -2.00%

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: $0.185 +5.71%

Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.004 Unchanged

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: $0.042 +2.44% 

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 -6.67%

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.615 -6.82%

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: $0.032 -3.03%

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: $0.023 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: $0.009 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: $0.022 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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