Evolution Mining Clears Debt and Hits Record Cash Flow
Evolution Mining (ASX:EVN) jumped close to 10% today after delivering one of the most significant quarterly results in its history. The company generated A$406 million in cash flow for the March quarter and crossed into net cash territory for the first time. That means Evolution Mining…
What Stagflation Means for Your ASX Holdings
Most economic problems have a straightforward solution. Growth slows too fast? The RBA cuts rates. Inflation runs too hot? The RBA hikes. Stagflation is different because it presents both problems at the same time, leaving the central bank with no clean answer. We believe Australia is now closer…
Pro Medicus Secures A$80M Amid 60% Selloff
Pro Medicus (ASX:PME) jumped 4.3% on Monday after securing a A$37 million contract renewal with Northwestern Medicine at higher per-exam fees than its original deal. That single win pushed total contract announcements to nearly A$80 million in just one month. Yet the stock still trades around A$132, down…
Cleanaway adjusts guidance: Fuel costs drive change
Cleanaway Waste Management (ASX:CWY) is trading near its 52-week low at around A$2.27, and investors are asking a fair question: Did something go wrong with this business? Just six weeks ago, management upgraded full-year EBIT guidance to A$480M to A$500M. Now the company has walked that back to…
ASX stocks in focus as blockade begins
The US naval blockade of Iranian ports went live on Monday after peace talks in Islamabad collapsed over the weekend. Brent crude jumped 7% to US$102 a barrel, a gain of roughly 40% since the war began in late February, while US crude climbed to US$104. US equity…
St Barbara Falls Despite Touquoy Approval
St Barbara (ASX:SBM) delivered two pieces of good news this week. It received approval to restart its long-dormant Touquoy gold mine in Canada, and its Simberi operation in Papua New Guinea posted its best production quarter in some time. So why are shares still falling? After a roughly 150%…
ASX Energy Stocks to Watch After Iran Ceasefire Fails
ASX energy stocks fell between 5% and 12% last Wednesday when a short-lived Iran ceasefire triggered a sharp drop in oil prices, then bounced hard after weekend talks in Islamabad broke down entirely and the White House announced a naval blockade of Iranian shipping. Brent crude…
Rio Tinto Sparks Boron Bidding War
Rio Tinto (ASX:RIO) is attracting serious attention this week after Bloomberg reported that the mining giant is preparing to sell its California boron operations in a deal that could fetch up to US$2 billion. More than a dozen potential buyers have already circled the assets, with binding offers expected…
The ASX 200 surged more than 4% last week after the United States and Iran agreed to a two-week ceasefire on 8 April, mediated by Pakistan. It was the local market's strongest weekly performance since October 2022, and it created a sharp divide between the stocks that soared and the stocks that crashed.
But here is…
Whitehaven Coal cut debt costs, but coal prices still matter
Whitehaven Coal (ASX:WHC) fell 3.2% last Friday (10 April) to close at A$8.12, dipping as low as A$7.81 intraday, despite announcing a A$853m refinancing deal at approximately 6% per annum. In just one week, Whitehaven settled its US$500m deferred BMA acquisition payment and secured a…
