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Reece Limited (ASX:REH) Appoints Vulcan Steel's CCO as Non-Executive Director to Strengthen Board
January 15, 2025 01:07 PM AEDT| By Team Kalkine MediaHighlights,Gavin Street, CCO of Vulcan Steel (ASX: VSL), joins Reece Limited (ASX: REH) as non-executive director.,He will chair Reece’s audit and risk committee.,Street brings a wealth of,expertise,in finance, business, and trade distribution.,Reece...
Arafura (ASX:ARU) Shares Surge 30% After $200M Boost for Groundbreaking Rare Earths Project
January 15, 2025 12:50 PM AEDT| By Team Kalkine MediaHighlights,Arafura (ARU) receives $200 million funding from,National,Reconstruction Fund.,Investment will help develop Northern Territory’s rare earths mine and processing facility.,$840 million earlier funding continues to support the Nolans rare ea...
Arafura Rare Earths (ASX: ARU) Secures $200M Government Support for Nolans Project
January 15, 2025 12:47 PM AEDT| By Team Kalkine MediaHighlights,Arafura Rare Earths (,ASX:ARU,) secures a $200M commitment from the National Reconstruction Fund.,The funding will support the development of one of the world’s,largest rare,earth deposits.,This marks a vital milestone in the project’s fun...
AVJennings (ASX:AVJ) Receives $390 Million Rival Takeover Offer: What It Means for the Property Developer
January 15, 2025 12:43 PM AEDT| By Team Kalkine MediaHighlights,Singapore-based Ho Bee Land proposes a $390 million takeover bid.,The bid offers 70 cents per share, surpassing Proprium Capital Partners' November offer.,AVJennings,’ (,ASX:AVJ,) board is set to review both offers for the company.,In the...
Australian Shares Edge Higher as Banks and Miners Lead Gains
January 15, 2025 12:24 PM AEDT| By Team Kalkine MediaHighlights:,Banking and Mining Sectors Drive Gains:,Local banks rose 0.5%, led by the "Big Four," while heavyweight miners gained 0.5% on stronger iron ore prices.,Employment Data in Focus:,A resilient job market could influence expectations for an R...
Pilbara Minerals Shares Surge Following $15M Government Funding Boost
January 15, 2025 12:22 PM AEDT| By Team Kalkine MediaHighlights:,Government Funding Announcement:,Pilbara Minerals received $15 million from the WA government as part of a $34 million allocation to clean energy projects, aimed at fostering job creation and innovation in the state.,Mid-Stream Demonstrat...
Baby Bunting (ASX:BBN) Shares Surge 7% Following Strong Trading Performance and Profitable Growth
January 15, 2025 11:56 AM AEDT| By Team Kalkine MediaHighlights,Baby Bunting reports a 37% increase in pro forma net profit.,Comparable store sales growth hits 4.5% in Q2.,Company stays on track to meet FY25 margin targets.,Shares of Baby Bunting (ASX:BBN) experienced a 7% surge after the company relea...
Orbminco (ASX:OB1) Expands West Kasulu Resource at Bronze Fox, Mongolia
January 15, 2025 11:55 AM AEDT| By Team Kalkine MediaHighlights,Significant expansion at Bronze Fox Project in Mongolia,Orbminco's,latest drilling program shows encouraging high-grade copper results,Plans underway for 2025 drilling campaign to explore open-pit potential,Orbminco (ASX:OB1) has confirmed...
Neuren Faces Market Challenges Amid European Progress
January 15, 2025 11:46 AM AEDT| By Team Kalkine MediaHighlights,Neuren,Pharmaceuticals (NEU) sees stock decline despite EU progress.,Acadia Pharmaceuticals (ACAD) applies for Rett syndrome treatment approval in Europe.,Significant stock depreciation,noted,over the past year.,Shares of Neuren Pharmaceut...
Oil Prices Gain Momentum Amid Lower US Stockpiles and Sanctions Impact
January 15, 2025 11:45 AM AEDT| By Team Kalkine MediaHighlights,Oil prices see a rebound after a significant drop earlier this week.,US crude inventories,fall,for the eighth consecutive week, driving market optimism.,Ripple effects from sanctions on Russian oil alter global oil trade dynamics.,Oil pric...
D3 Energy Limited Reports Promising Helium and Natural Gas Results in South Africa, Shares Surge 18%
January 15, 2025 11:41 AM AEDT| By Team Kalkine MediaHighlights,Promising Helium and Gas Findings,: Testing at Nooitgedacht Major revealed helium concentrations of 5.6% and methane levels of 83.2%, affirming the asset's resource potential.,Market Boost,: D3 Energy shares rose by over 18% on Wednesday.,...
Santos Shares: Firetrail Analysts See Undervaluation Amid Positive Momentum
January 15, 2025 11:33 AM AEDT| By Team Kalkine MediaHighlights,Santos shares are up 12.3% since December 19, 2024, alongside a rise in Brent crude oil prices.,Key growth projects, Barossa and Pikka, are on track to increase production by 30% in 2025-2026.,Firetrail sees long-term value in Santos, supp...
Premier Investments Shares Slip Amid Lower Revenue Estimates
January 15, 2025 11:30 AM AEDT| By Team Kalkine MediaHighlights,Premier Investments expects 1H25 sales to decline year-over-year, with Bell Porter projecting a 10%-12% drop in international sales.,Smiggle faces headwinds due to its high exposure to offshore markets, while Peter Alexander shows steady m...
Horizon Minerals Steps into Spotlight as Gold Producer
January 15, 2025 11:30 AM AEDT| By Team Kalkine MediaHighlights,Horizon Minerals (HRZ) produces its first gold from the,Boorara,Gold Project.,Boorara,adds,significant progress,to its Western Australian portfolio.,Positive outlook driven by ongoing mining, strategic projects, and potential merger synerg...
Baby Bunting Shares Surge 11% After Strong Half-Year Update
January 15, 2025 11:23 AM AEDT| By Team Kalkine MediaHighlights,Highlights,Baby Bunting reported a 2.2% growth in comparable store sales for the first half of FY 2025.,In 1HFY25, the company expects to report a gross profit margin of 39.8%, up 260 basis points compared to the prior corresponding period...
Star Entertainment Teeters on Brink of Collapse Amid Mounting Challenges
January 15, 2025 11:20 AM AEDT| By Team Kalkine MediaHighlights,50% Risk of Collapse,: Analysts warn Star Entertainment faces a 50% chance of administration by February 2025, citing severe liquidity concerns and failed equity raisings.,Regulatory and Financial Woes,: Mounting legal challenges, regulato...
New Developments Unfold: Singapore’s Ho Bee Land Makes Higher Bid for AVJennings (ASX:AVJ)
January 15, 2025 11:16 AM AEDT| By Team Kalkine MediaHighlights,AVJennings,(AVJ) receives a higher buyout bid from Ho Bee Land.,Proprium Capital Partners previously offered $374 million for the company.,The latest bid sets the stage for competitive acquisition talks.,In a fresh turn of events, Australi...
Arafura Rare Earths Secures $200M Investment Commitment from National Reconstruction Fund Corporation
January 15, 2025 11:15 AM AEDT| By Team Kalkine MediaHighlights,Arafura Rare Earths has secured a $200 million investment commitment from NRFC through unsecured convertible notes.,The notes feature a seven-year conversion period with interest accrued at BBSY + 3.0%, payable through shares or capitaliza...
Independent Review Endorses Myer-Premier Merger Despite Flat Holiday Trading
January 15, 2025 11:15 AM AEDT| By Team Kalkine MediaHighlights,Independent expert supports the Myer-Premier merger.,December trading results showed flat growth.,Merger set to add 719 stores under Myer's portfolio.,An independent expert has reaffirmed its support for the merger of,Myer Holdings Limited...
Western Gold Resources Names SSH Group as Preferred Contractor for Gold Duke Project
January 15, 2025 11:13 AM AEDT| By Team Kalkine MediaHighlights,Western Gold Resources has selected SSH Group Limited as the preferred mining contractor for the Gold Duke Project.,The appointment is non-binding, pending a Master Services Agreement and fulfillment of internal milestones.,SSH Group has p...
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