ASX Surges on Iran Hopes: What Investors Do Now
Wednesday's 1.85% rally already feels like a distant memory as the market grapples with a harsh reality check. The ASX surged after US President Donald Trump announced a five-day pause on military strikes against Iranian energy infrastructure, raising hopes the four-week-old Middle East war could be…
Mining Stocks
Rio Tinto Boyne Deal: 2 ASX Stocks to Watch
Rio Tinto (ASX: RIO) has struck a landmark deal with the Queensland and Commonwealth governments to secure the long-term future of the Boyne aluminium smelter in Gladstone. The Queensland and Commonwealth governments will each chip in A$1 billion over ten years, while Rio Tinto will underwrite…
Amplitude Energy (ASX: AEL) crashed over 40% this morning after a second consecutive drilling failure on Wednesday, confirming that its Isabella prospect in the offshore Otway Basin will not be commercially developed after flow testing revealed the reservoir cannot sustain production at viable rates. The plunge erased roughly A$500m in shareholder value in roughly an…
Temas Resources (ASX:TIO) has two critical minerals projects in Quebec and a metals processing technology that could be useful to advance the company's own projects and those of others. Investors would be aware of the success of Metallium (ASX:MTM) and potentially wondering which company could be the next one. In our view, Temas is at…
It is easy to think the Impact of The Iran War is simply businesses in the oil space or that use oil in their operations (for instance freight businesses). Or by extension, companies in the 'consumer discretionary' space that find due to higher energy prices (and interest rates), that their goods are more discretionary than…
Look at the board of Greatland Resources (ASX:GGP) and you'll notice 2 names: Mark Barnaba and Elizabeth Gaines. Both also serve on the board of iron ore giant Fortescue (ASX:FMG), but they are also number one and number two for highest paid ASX 300 directors having taken home $4.52m and $1.88m respectively.
Now, yes, those amounts…
It is always tough for junior ASX resources companies to realise their ultimate ambitions. There might be short-term jumps from favourable commodity price movements, drilling results or the results of scoping or feasibility studies. But one of these milestones is a partnership with a major miner and this could be particularly important whether as a…
“Smart Money” Backs the Raise for TMK Energy
TMK Energy surged sharply, which stood out given how volatile the broader market has been, after raising A$6M through a placement of 50 million shares at 12 cents per share.
The book was heavily oversubscribed, which means investor demand to participate was stronger than the number of shares…
An FID (Final Investment Decision) has been made on Core Lithium's (ASX:CXO) Finniss Lithium Project. With this news, and the securing of a US$120m/A$170m funding package, it is a great day to be a Core Lithium shareholder.
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Recap of Core…
Kasiya Gets Bigger and Higher Confidence
Sovereign Metals has announced a significant resource upgrade, and it comes just six days after revealing that a credible tier-one buyer is interested in the product.
The total rutile resource increased 13% to 203Mt, while measured and indicated tonnes rose 32%. That matters because Sovereign is not just saying the…
