Happy Friday! (equivalent if you’re in Melbourne, that is)
Who are you cheering for in the AFL Grand Final this weekend?
Across markets
Australian shares are set to open lower. US stocks closed mixed, after a mid-afternoon rally, which reversed earlier sharp losses, faded.
US investors were struggling to assess the impact of rising oil prices, a potential federal government shutdown within days and escalating unionised labour disputes, principally with the United Auto Workers.
The prospect of the Federal Reserve reining in inflation and successfully slowing growth while averting a recession, or engineering a soft landing, is being challenged again.
ASX futures were down 13 points or 0.18% to 7055 near 7.15am AEST, paring earlier losses of more than 40 points.
Today’s agenda includes August retail sales at 11.30am. As well, Brickworks and Washington H Soul Pattinson both release earnings, according to Commsec. Imugene hosts an EGM. Companies paying dividends, including BHP, Commonwealth Bank, Fortescue Metals, Santos, Woodside Energy and Telstra.
- On Wall St: Dow -0.2% S&P +0.03% Nasdaq +0.2%
- In New York: BHP +1.3% Rio +0.5% Atlassian +3.2%
- Tesla -1.5% Apple -0.9% Amazon +0.00% Alphabet +1.6%
Goldman Sachs has put the odds of a US government shutdown at 90 per cent, and said it expects a shutdown to last two to three weeks. “In the seemingly unlikely event Congress passes a short-term extension, we would still expect a shutdown sometime later in the fourth quarter.”
Source:AFR
-
Gold mining in Western Australia has long shaped the state’s identity ever since three intrepid Irishmen: Paddy Hannan, Thomas Flanagan and Daniel Shea wandered towards Mt Yuille in 1893 – north of today’s Kambalda in the Goldfields region – picking up a storied 100,000oz of gold along the way.
Don’t get us Stockhead’s wrong here, the Goldfields is still, and for a long time will be, a hub of gold mining in WA, yet there are bountiful caches of gold littered all over WA – Boddington southeast of Perth, the Murchison, Gascoyne region and even in the Kimberley.
This article, however, will shine a spotlight on gold explorers in the Pilbara, where there’s plenty of opportunity and where signs of the precious metal has been vastly underexplored.
Proving up Pilbara shiny
Why you ask? Well, the Pilbara’s ground cover makes it difficult – even today – to unearth sizeable deposits without a lot of effort, and of course luck.
Yet there are producers active in the region, such as Calidus Resources (ASX:CAI) with its 1.6Moz Warrawoona gold project, Capricorn Metals (ASX:CMM) 1.2Moz Karlawinda and one of Australia’s oldest gold mines – Newcrest’s Telfer, which produced an impressive 338,327oz Au last year.
Proving up tangible gold projects has always been tricky in the Pilbara – regard the hype, then ultimate failure of 2017’s Pilbara “conglomerate gold” rush.
Artemis Resources (ASX:ARV) and JV partner Novo Resources (ASX:NVO) shocked the market in 2017 when they shouted “Witwatersrand-style” gold mineralisation – namedropping the world’s largest gold precinct in South Africa.
Other explorers too have gotten a bit Witwatersrandy on the back of seeming high-grade ‘results’, jumping into Pilbara tenements certain of paydirt.
Unfortunately most of that gold mineralisation turned out to be just a bunch of little gold nuggets in trenches, and no tangible mass production was ever realised.
Well, almost none…
It took a while, but one lone Pilbara explorer doggedly kept its head above water for years at its project, and is now set to rocket itself into becoming one of Australia’s largest gold producers.
Source: Stockhead
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: $0.010 -9.09%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.125 +8.70%
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 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: $0.025 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 +20.00%
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: $0.0095 +5.56%
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 +20.00%
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: $0.044 -4.35%
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: $0.18 -10.00%
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: $0.0035 -12.50%
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: $0.038 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: $0.01 -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: $0.595 -2.46%
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: $0.03 -3.23%
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: $0.018 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: $0.0045 +12.50%
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: $0.021 -4.55%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
No responses yet