Silver Lake Resources (ASX:SLR) continues to try and grab the attention of St Barbara with yet another offer for SBM’s Leonora gold mining assets in WA’s goldfields. Silver Lake said it had revised its offer for St Barbara Leonora assets to address concerns St Barbara had expressed that the buyout financing is subject to due […]
Fun and games at the Silver Lake Read More »
Australia’s stock market experienced its worst day in three months due to higher-than-expected domestic CPI data and lower-than-expected China PMI data. The S&P/ASX 200 index dropped 1.64 per cent to reach a two-month low, resulting in a loss of $40 billion in market capitalization, with all sectors except tech declining, particularly energy, materials, financials, and
ASX suffers worst day in three months dropping by 1.64% Read More »
The monthly inflation data for April has exceeded expectations, primarily due to the increased cost of petrol. According to the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose by 6.8 per cent in the year leading up to April 2023, compared to 6.3 per cent in March. This figure is higher than the
Inflation figures for April exceeds expectations: ASX 1.09% lower at noon Read More »
European Metal Holdings Limited (ASX:EMH) Executive Chairman Keith Coughlan discusses the European demand for lithium and the scale of the company’s Cinovec project. Tim McGowen: We’re talking today with European Metal Holdings (ASX:EMH). It’s got a market cap of around $112m. We’ve got with us the Executive Chairman, Keith Coughlan. We’re talking lithium in Europe.
The political tailwinds driving European lithium development Read More »
TerraCom (ASX:TER) announces a fully franked dividend of 3.0 cents per fully paid ordinary share. In response, MD Danny McCarthy, said: “Following payment of this dividend in June 2023, the Company will have returned $244 million to shareholders since July 2022.” Shares are trading 5.83 per cent lower at 48.5 cents. Wildcat Resources (ASX:WC8) announced
Stocks of the Hour: TerraCom, Wildcat Resources, EcoGraf Read More »
Ron Mitchell, Managing Director of Global Lithium Resources Limited (ASX:GL1), which owns two of the 14 lithium projects in Australia, discusses the price of lithium, and progress on the company’s projects. Tim McGowen: We’re talking today with Global Lithium Resources (ASX:GL1). It’s got a market cap of around $340m. We’re joined by Managing Director Ron
Hard rock lithium in WA Read More »
Trouble in Africa for Paladin Resources (ASX:PDN) and API’s decision to stand pat on their price for Silk Laser (ASX:SLA) were just two of the myriad stories in a busy Tuesday ASX session. ………… Trading in shares of uranium miner Paladin Energy (ASX:PDN) was halted on the ASX yesterday after they slumped 20% on news
Bridge Street Bites: PDN, SLA Read More »
The Australian Bureau of Statistics said on Tuesday that April saw an 8.1% slide in total approvals, seasonally adjusted, a much steeper than the 1% drop in March (which was revised from the original estimate of a drop of 0.1%) and an 11-year low. The total approvals figure of 11,5984, was the lowest since early
Oz residential construction crisis deepens Read More »
Wesfarmers (ASX:WES) CEO Ron Scott got a lot of publicity on Tuesday for saying “the honeymoon is very much over” after the past few years of government handouts and ultra-low interest rates. The head of the Perth-based conglomerate – which owns Bunnings, Kmart/Target and Officeworks – was speaking at an investor day for the company
Wesfarmers boss a bit of a bullish bear Read More »
Australian-based Canadian lithium hopeful Sayona Mining (ASX:SYA) yesterday announced the successful completion of its book build for a fully underwritten $200 million placement at 18 cents a share. That price was a 14.3% discount to the last price before the raising was announced last week on May 25. The shares closed right on 18 cents,
Sayona ready to roll after successful raising Read More »
