Alkane Resources (ASX:ALK) has made waves with its latest discovery of high-grade gold and copper deposits at the Northern Molong porphyry project in Central NSW. This unexpected revelation challenges industry norms, uncovering a significant high-grade mineralization zone near the surface, contrary to the prevalent deep, low-grade deposits typically found in the region. The breakthrough results […]
Alkane Resources strikes gold Read More »
Biotech companies in the United States are witnessing a surge in fundraising activities, marking the fastest pace since the peak of the mid-pandemic market boom. According to data from Jefferies, drug developers amassed a staggering $6.2 billion in equity capital markets in January, representing the largest total since February 2021, coinciding with the zenith of
US biotech experiences revival Read More »
Shareholders in Seven West Media (ASX:SWM), the proprietors of the Seven TV Network, have languished without dividends for over six years, underscoring the dismal performance of the company under the stewardship of Kerry Stokes. As the December 2023 interim report failed to yield any dividend, the majority of shareholders face the prospect of enduring a
Seven West Media: A saga of decline and disappointment Read More »
The Dow Jones Industrial Average rose to a new high on Monday as investors awaited fresh inflation and earnings data. The 30-stock index advanced 125.69 points, or 0.32 per cent, to settle at 38,797.38. The S&P 500 inched lower by 0.09 per cent to end at 5,021.84, while the Nasdaq Composite slid 0.3 per cent
Dow hits new high amid investor anticipation for inflation and earnings data Read More »
In a dramatic turn of events, Fletcher Building (ASX:FBU), a prominent trans-Tasman building products giant, had its shares suspended abruptly yesterday. The suspension followed a rapid decline of nearly 6% in just 8 minutes, followed by further unsettling news revealed by the company’s lawyers 42 minutes later in a letter to exchanges. At 1:45 pm,
Fletcher Building has shares suspended amidst grim news Read More »
On Monday, the ASX experienced a decline primarily driven by a few large-cap stocks, notably CSL and Woodside, amidst traders’ contemplation of the market’s future amid an impending week of crucial company earnings reports. Despite a positive performance on Wall Street the previous Friday, the S&P/ASX 200 closed lower by 0.4%, reaching 7611 points, while
ASX closes 0.4% lower: Health Care tumbles by more than 3% Read More »
Despite analysts claiming that JB Hi-Fi (ASX:JBH), the country’s leading consumer electronics retailer, surpassed expectations with its lower result, the near 20% slash to the interim dividend tells a very different story. Earnings fell to their lowest level since 2019, while the interim dividend was also slashed to 2020 levels. It’s one thing to do
JB Hi-Fi reports lower earnings Read More »
In the six months to December, Kerry Stokes’s 30%-controlled oil and gas producer, Beach Energy (ASX:BPT), faced a substantial setback, taking a $721 million write-down in the value of its Cooper Basin assets. The impairment, totaling $505 million after tax, led to a reported net loss of $345.1 million. Directors attributed the $721.1 million of
Beach Energy records $721m write-down Read More »
Global semiconductor developer BluGlass (ASX:BLG) has received $4.3 million in commitments from institutional and sophisticated investors via a strongly supported share placement at an issue price of $0.037 per share. BluGlass is also undertaking a Share Purchase Plan Offer to enable eligible shareholders in Australia and New Zealand to acquire up to $100,000 worth of
Stocks of the Hour: BluGlass, Vection Technologies, Lake Resources Read More »
Despite a record rally in US markets on Friday, the sharemarket experienced a decline, with the S&P/ASX 200 slipping by 0.27 per cent at 7,623.90 at 11:30am. This decline is primarily attributed to healthcare giant CSL, dropping 5.2 per cent due to abandoning plans for a drug seeking regulatory approval following weak trial results. However,
ASX down 0.3%: CSL shares fall Read More »
