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 3 November, 2023

Happy Friday!

Let’s all have a strong ASX:FIN(ish) to the week.

Our portfolio company, FIN Resources was featured in October’s top performing ASX miners and explorers. Read more below.

TRADING HALTS

Bowen Coking Coal (ASX:BCB) – Pending an announcement by the Company concerning a capital raising.

Lithium Plus Minerals (ASX:LPM) – To assist the company in managing its continuous disclosure obligations as the company expects to make an announcement to the market regarding a share placement

Copper Search (ASX:CUS) – Capital raising and pending an announcement

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,978.90 (-0.19%)
Silver: US$22.61 (-1.28%)
Nickel (3mth): US$18,489/t (+0.63%)
Copper (3mth): US$8,140.50/t (+0.51%)
Oil (WTI): US$80.92 (-0.10%)
Oil (Brent): US$85.24 (+0.27%)
Iron 62pc Fe: US$118.91/t (+0.18%)
AUD/USD: 0.6330 (-0.14%)
Bitcoin: US$34,388 (+0.21%)

Across markets

Australian shares are poised to jump with Wall Street rallying towards a mega week on hopes the Federal Reserve may finally be done with its market-crunching hikes to interest rates.

ASX futures were up 1 per cent at 4.25am AEDT.

The S&P 500 was 1.4 per cent in midday trading Thursday and on track for a fourth straight winning day. It’s already up 4.4 per cent this week and on pace for its best in nearly a year.

The Dow Jones Industrial Average was up 365 points, or 1.1%, as of noon Eastern time, and the Nasdaq composite was 1.3 per cent.

US weekly jobless claims rose moderately but economists are looking to Friday, when the October jobs report comes out.

Mortgage rates in the US fell for the first time in eight weeks, while sticking close to a two-decade high, according to Freddie Mac.

The Bank of England held rates for the second time at 5.25 per cent after nearly two years of rises. European shares advanced for a fourth day, set for their longest winning streak since July.

The US FTC said Amazon deliberately raised prices by more than $US1 billion through secret algorithms known as Project Nessie which allowed it to extract more revenue from independent sellers.

Mega-cap growth stocks Nvidia, Alphabet and Tesla all rose at least 1 per cent with Tesla the biggest winner at 5.7%.

Oil edged higher. Global benchmark Brent traded above $US85, briefly paring Thursday’s gains, after earlier adding as much as 1.9%. Price have slipped about 5 per cent over the previous three sessions.

Source: AFR

Want to join the Peak Community and get access to our “hand-picked” corporate deals?

Closer to Home

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: $0.01 -16.67%

Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 Unchanged

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: $0.0055 -8.33%

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: $0.019 -5.00%

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: $0.007 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 +5.00%

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: $0.014 +16.67%

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: $0.048 Unchanged

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: $0.175 +12.90%

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: $0.03 -7.69%

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 Unchanged

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.425 +2.41%

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: $0.021 Unchanged

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 +6.25%


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: $0.003 -25.00%

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 -4.35%

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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