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
- Fin Resources (ASX:FIN) +158% Fin Resources had a truly spod-tastic October, discovering pegmatite bodies left, right and centre over in lithium hotspot James Bay, Canada.
Here’s just some of what occurred:
October 9 – Young lithium bull shark Fin Resources carved through ASX waters after its maiden fieldwork program identified abundant spodumene crystals within a broad pegmatite outcrop at the Cancet West project in James Bay, Canada.
October 16 – Fin increases Cancet West project area by 57% to 79km2 after finding large spodumene crystals. New claims more than double strike extent of highly prospective LCT pegmatite trend.
October 23 – Fin discovers five pegmatite bodies at the Ross project, part of the Mt Tremblant lithium project in James Bay.
Oh, and news just in…
November 2 – MORE spodumene crystals have now just been found at Cancet West just six months after project acquisition. The new discovery area named White Bear and drilling is being planned for early next year.
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: $0.01 -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.
Peak on 1300 304 460
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