LA Private

October 2023

Stocks of the Hour: LBT Innovations, Selfwealth, Lucapa Diamond Co

LBT Innovations (ASX:LBT) announced a $4.5m partially underwritten renounceable Entitlement Offer on a 4 for 1 basis. In response, LBT Chair, Ms Rebecca Wilson said, “Pleasingly we have secured underwriting commitments, including participation from eligible Board members, that demonstrates confidence in our commercial strategy and provides comfort to shareholders about the rights issue outcome.” Shares

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Exxon’s shale deal ignites oil merger wave, including Australian interests in the Beetaloo Basin

Exxon Mobil’s monumental $US59.5 billion ($93 billion) acquisition of Pioneer Natural Resources, marking the largest energy deal in the United States in decades, is poised to herald a new era of transformative takeovers within the industry. The shale sector is currently abuzz with consolidation discussions, as well-heeled oil companies vie for prime drilling portfolios in

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Fortescue’s sales guidance holds despite 3% shipment drop

Fortescue Metals Group (ASX:FMG) is sticking to its sales guidance for the year ending next June, even though it witnessed a 3% decline in shipments during the three months leading up to September. Additionally, the company anticipates a reduced contribution from its troubled Iron Bridge magnetite mine in the upcoming year. The company disclosed this

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