February 2024

Murray Hill – Managing Director & CEO – Elevate Uranium (ASX:EL8) is a uranium exploration company that has significant resources in Namibia and Australia and is making new discoveries through active exploration programs. 

A slide in sales and profits was always on the cards after Harvey Norman (ASX:HVN) provided updates in recent months about the sales performance in what was a tough six months to the end of December. The final update in January showed a slowing in the rate of fall in sales, with the drop for

South32 (ASX:S32) has agreed to sell its Illawarra Metallurgical Coal mine and processing plant, located south of Sydney, to Indonesian and Australian buyers for up to $US1.65 billion. The buyers include the Indonesian-controlled Golden Energy and Resources, which controls Stanmore Resources, and M Resources, controlled by Australian coal trader and investor Matt Lattimore. Additionally, Sinar

Underperforming women’s wear retailer Mosaic Brands (ASX:MOZ) regards the six months to December as a ‘turning point’ for the embattled group. Retiring CEO Scott Evans stated in commentary that the group is now in a better position than it has been for a while, with net profit after tax rising 38% to $5.4 million. There

In the interim results of Ramsay Healthcare (ASX:RHC), while the sale of its Asian private hospitals joint venture provided a substantial one-off profit, the broader business faced significant challenges over the past six months. The sale of the joint venture led to a notable boost in statutory profit, soaring to an impressive $758.5 million from

To register for Friday’s webinar click here. Ardea Resources (ASX:ARL) provides an update on progress with the Consortium, comprising Sumitomo Metal Mining and Mitsubishi Corporation, following the signing of a non-binding MOU. The Consortium and Ardea have agreed on the scope of work and budget for the Kalgoorlie Nickel Project (KNP) Goongarrie Hub Definitive Feasibility

In January, retail sales increased by 1.1%, falling short of the expected 1.5% growth, indicating volatility in spending patterns. Despite a rise to $35.7 billion in sales, the year-on-year increase was only 1.1%, reflecting weak performance relative to the country’s rapid population expansion. Meanwhile, Bitcoin achieved a record high in Australian dollars, hitting $97,000 on

First, it was Evergrande, broke in 2021 and ordered liquidated in early 2024 with well over $US300 billion in debt. On Wednesday, it was the turn of its big rival, Country Garden, which has been staggering towards Evergrande’s fate for the past year or more — it has around $US190 to $US200 billion in debt.

Australian inflation remained above the 3% top of the Reserve Bank’s target range for another month in January, with the partial indicator for last month showing an annual rise of 3.4%. That was unchanged from December, but was above some odd market forecasts for a rise to 3.6%. A jump in food costs though makes

US stocks ticked lower Wednesday as investors looked ahead at the personal consumption expenditure reading for January, which is the Federal Reserve’s preferred measure of inflation, due later this week. The S&P 500 pulled back 0.17 per cent to close at 5,069.76. The Nasdaq Composite fell 0.55 per cent to 15,947.74. The Dow Jones Industrial