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Automakers look to hedge against China s rare earth dominance

Automakers look to hedge against China s rare earth dominance
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Why the Peak Resources (ASX:PEK) share price is soaring 37% today

Why the Peak Resources (ASX:PEK) share price is soaring 37% today The company has made a major announcement about its Ngualla rare earth project in Tanzania Multi Asset Portfolio Strategist at Zecca Capital Partners Zach is a hedge fund analyst with an extensive background in equities and portfolio management. Alongside The Motley Fool, he works in portfolio strategy with a multi-asset and multi-strategy hedge fund manager domiciled across Australia and Europe. As such, he has a unique approach to research and investing, taking a top down approach to identifying unique value propositions that sit within his circle of competence. Zach enjoys the more Foolish things in life, in addition to Rugby.

Investegate |Vela Technologies Announcements | Vela Technologies: Sale of North Peak & update on investment activity

      ·   Disposal of holding in North Peak Resources Ltd generating net proceeds of c.CAD$226,032 (approximately £130,112). ·   Since August 2020, Vela has invested c.£3.75 million in seven new investee companies and realised profits aggregating approximately £417,000 from the sale of investments. ·   Current portfolio of ten investments and available cash resources of c.£2.1 million.   The Board of Vela (AIM: VELA) announces that, between 24 March 2021 and 6 April 2021, the Company disposed of its entire holding of 310,000 common shares in North Peak Resources Ltd ( North Peak ) at prices between CAD$0.70 per share and CAD$0.745 per share and with an average price of CAD$0.73 per share generating net proceeds of c.CAD$226,032 (approximately £130,112) for the Company (the Disposal ).

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