Anax Metals (ASX:ANX) has announced that the strengthened copper prices have enhanced the Whim Creek economics by 32% providing a Pre-Tax NPV7 of $357M and IRR of 74%. The planned 8-year mine life will generate ~$520M in free cash. Shares are trading 15.91 per cent higher at 5.1 cents. Brightstar Resources (ASX:BTR) has made an off-market […]
Stocks of the Hour: Anax Metals, Brightstar Resources, Element 25 Read More »
A solid finish to the stock markets on Friday, but today will see a more circumspect ASX re-open. After gaining nearly 1.6% last week to end 27.4 points higher on Friday at 7,749, the ASX 200 is looking at a small dip into the red this morning after a fall on the overnight futures platform
Mixed week on Wall Street Read More »
Private equity group Anchorage Capital Partners has stunned investors, including ARN, with its shocking decision to drop out of the bid for Southern Cross Austereo. This move will likely kill the $250 million offer. The Financial Review reported yesterday that the decision to abandon its partnership with ARN was conveyed over the weekend. This news
Anchorage Capital Partners’ shock withdrawal Read More »
For all the noise and punditry about Tuesday night’s 2024-25 federal budget, investors will be looking later in the week to see what happened with US consumer inflation in April. US inflation levels and interest rate levels are by far the biggest influence on global markets at the moment, even if inflation is falling faster
Eyes on US consumer inflation Read More »
China’s consumer prices rose for a third straight month in April, while producer prices extended their declines, as cost pressures remained mixed across a stuttering economy. According to data from the National Bureau of Statistics (NBS) released on Saturday, the consumer price index (CPI) edged up 0.3% from a year earlier in April, accelerating from
China’s consumer prices rise for a third straight month Read More »
