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 27 November, 2023

How was your weekend?

Get yourself a coffee because its Monday!

Market moves

  • ASX futures up 15 points or 0.2% to 7079 near 6am AEDT
  • AUD flat at US65.84¢
  • Bitcoin -1.7% at $US37,205
  • Dow +0.3% S&P +0.1% Nasdaq -0.1%
  • FTSE +0.1% DAX +0.2% CAC +0.2%
  • Gold +0.4% to $US2000.82 an ounce
  • Brent oil -1.0% to $US80.58 a barrel
  • Iron ore +0.5% to $US133.85 a tonne

Across markets

Australian shares are poised to rise on Monday as investors wait on new inflation data – and whether oil production will fall – to guide their forecasting on whether the Reserve Bank will hike interest rates again.

ASX futures suggest shares will open 0.2 per cent higher, setting the stage for a strong recovery in November. The S&P/ASX 200 is on course for its biggest monthly jump since January, up 3.8 per cent.

On the year, however, shares are only back to where they started the year, in sharp contrast with the US where the S&P 500 is 19 per cent higher year-to-date and up 37 per cent for the Nasdaq.

George Boubouras, head of research at K2 Asset Management, says the ASX lag is partially due to the RBA’s tightening. The central bank lifted the cash rate to 4.35 per cent, the 13th increase since last year, saying inflation was too high and warning it would do it again if it did not ease.

Source: AFR

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Closer to Home
  • Vulcan Energy’s lithium extraction optimisation plant has officially opened in Germany
  • The major milestone represents the first locally sourced lithium chemicals to be produced in Europe
  • Financing for the next phase of development continues as Vulcan Energy strives to become a major player in the EU’s burgeoning battery electric vehicle industry

Special Report: The first lithium chemicals sourced from an entirely local value chain in Europe are ready to be produced via Vulcan Energy’s newly minted lithium extraction optimisation plant in Landau, Germany.

Vulcan Energy Resources (ASX: VUL) officially opened its Lithium Extraction Optimisation Plant (LEOP) on Thursday 23 November in a ceremony attended by local community, shareholders, politicians, strategic partners, and other industry representatives.

The ceremonial unveiling of the plant follows almost three years of testing and pilot lithium production. More than 10,000 hours of successful in-house pilot performance testing has been conducted to date, demonstrating high lithium recoveries and thousands of cycles of sorbent life with no degradation.

Material is sourced from the Upper Rhine Valley lithium brine field – Europe’s largest lithium resource – where Vulcan has proven the absorption-type direct lithium extraction (A-DLE) production process can be successfully applied.

The A-DLE method represents 10% of global lithium production today.

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: $0.007 Unchanged

Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13
Today’s Price Change: $0.155 +6.9%

Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 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: $0.006 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: $0.021 -4.55%

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: $0.007 +16.67%

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: $0.011 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: $0.04
Today’s Price Change: $0.061 -4.69%

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 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: $0.38 -2.56%

Company: Sabre Resources
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: $0.042 -2.33%

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: $0.017 +13.33%

Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal 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: $0.024 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  or by telephoning
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