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ASX Records Positive Momentum Amid Global Optimism
December 02, 2024 11:09 AM AEDT| By Team Kalkine MediaHighlights,ASX sustains positive trend amid global market optimism,.,Key sectors drive market gains, led by gold and information technology,.,RBA decision and retail sales data under investor focus,.,The Australian Securities Exchange (ASX) continues...
Oil Prices Inch Higher as OPEC+ Meeting Takes Center Stage
December 02, 2024 11:04 AM AEDT| By Team Kalkine MediaHighlights,Oil prices rise amid a weaker dollar and upcoming OPEC+ meeting,.,Brent crude trades near $72, while West Texas Intermediate,remains,above $68,.,OPEC+ meeting expected to discuss potential production delays.,Oil prices saw a slight increas...
West Wits Mining Advances Gold Production at Witwatersrand Basin Project
November 29, 2024 09:01 PM AEDT| By Team Kalkine MediaHighlights,West Wits Mining WWI progresses toward mid-tier gold producer status with a 4.28 Moz gold resource in South Africa.,CEO Rudi Deysel appointed to drive production at the Witwatersrand Basin Project (WBP).,Strategic partnerships and explorat...
Resolute Mining Progresses Mali Settlement as Shares Surge
November 29, 2024 09:00 PM AEDT| By Team Kalkine MediaHighlights,Resolute Mining (RSG) shares rise 8%,after confirming a second settlement payment to the Mali government.,$50 million payment completed,, part of a $160 million agreement to resolve a tax dispute.,Operations at Syama Gold Mine remain stabl...
Aurum Resources Advances Côte d’Ivoire Projects and Strengthens Position with Mako Gold Takeover
November 29, 2024 08:59 PM AEDT| By Team Kalkine MediaHighlights,Milestone Achieved,Aurum Resources AUE secures an 80% joint venture interest in the Boundiali gold project.,Resource Development,Maiden JORC resource at Boundiali is anticipated by late 2024, supported by extensive drilling programs.,Strat...
ASX Slips as Property Stocks Weigh; Star Entertainment Hits Record Low
November 29, 2024 06:32 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 Index drops 0.1%, with property stocks as the worst performers.,Webjet WEB shares surge 4.9% after strong earnings report.,Star Entertainment SGR hits a record low amid financial struggles.,The Australian share market experienced a...
Momentum Builds in ASX Healthcare as Stocks Soar and IPOs Revive Market Activity
November 29, 2024 06:27 PM AEDT| By Team Kalkine MediaHighlights,Imricor IMR rises 30% after trial update and licensing agreement.,Vitrafy VFY and Renerve RNV make successful ASX debuts.,ASX healthcare sector outperforms broader market with 4.3% gain.,The Australian healthcare sector has shown signs of...
Resolute Mining Shares Rise After US$50 Million Payment to Mali Government
November 29, 2024 06:04 PM AEDT| By Team Kalkine MediaHighlights,Resolute Mining,makes a,second payment,of,US$50 million,to the Mali government, boosting investor confidence.,Remaining US$30 million,to be paid by the end of the year as part of a,US$160 million agreement,.,Shares climb,4.22%,, recovering...
Adavale Resources Acquires Majority Stake in Transformational Gold and Copper Project
November 29, 2024 06:03 PM AEDT| By Team Kalkine MediaHighlights,Adavale Resources,acquires 72.5% of the,Parkes Gold and Copper Project,in New South Wales.,The project is adjacent to the,Northparkes copper-gold mine,, holding a resource of,5.2 million ounces of gold,and,4.4 million tonnes of copper,.,Sh...
Australian Shares Dip After Record High, Weighed Down by Financials and RBA Comments
November 29, 2024 06:00 PM AEDT| By Team Kalkine MediaHighlights,S&P/ASX 200 index,down 0.4%, but still up 0.3% for the week.,Financials,sector drops 0.7%, with major banks losing between 0.4% and 0.7%.,RBA Governor,signals caution on interest rate cuts amid inflation concerns.,Australian shares pulled...
Star Entertainment Shares Plummet to Record Low Amid Financial Struggles
November 29, 2024 05:58 PM AEDT| By Team Kalkine MediaHighlights,Shares drop 5.1%,, hitting an all-time low of,AU$0.185,.,Q1 FY25 EBITDA loss,rises to,AU$18 million,, with,total loss for first four months,at,AU$27 million,.,Macquarie and Jefferies downgrade,the stock, citing concerns over long-term prof...
Qatar Airways Secures Interim Approval for 25% Stake in Virgin Australia and New Flight Routes
November 29, 2024 05:57 PM AEDT| By Team Kalkine MediaHighlights,Qatar Airways granted interim approval,to acquire a,25% stake,in Virgin Australia.,New,return flights between Doha and major Australian cities,to start in,June 2025,.,Perth flights,set to begin in,November,.,Australia's competition watchdo...
Warriedar Resources Achieves 83% Antimony Recovery from Ricciardo Deposit
November 29, 2024 05:54 PM AEDT| By Team Kalkine MediaHighlights,83% antimony recovery,with a saleable concentrate grade of,38.5%,.,Maiden mineral resource estimate for antimony planned by,Q1 2025,.,Shares up,1.7%,, trading at,6 cents,by mid-day.,Warriedar Resources (ASX:WA8) has reported a significant...
ASX Lithium Stocks Face Market Pressure Amid Modest Recovery in Lithium Prices
November 29, 2024 05:42 PM AEDT| By Team Kalkine MediaHighlights,Lithium mineral prices show signs of stabilizing after a prolonged downturn.,ASX lithium stocks,remain,near 2024 lows despite modest price recovery.,Macquarie report details supply-demand dynamics and risks in the lithium market.,Lithium m...
Webjet Faces Legal Action, ASX Hits Record Close, and Star Entertainment Scrutinized at AGM
November 29, 2024 05:40 PM AEDT| By Team Kalkine MediaHighlights,The ACCC takes legal action against Webjet for,failing to disclose,additional,flight fees.,The ASX 200 hits a new record closing high, driven by IAG’s acquisition of RACQ’s insurance business.,Star Entertainment faces shareholder questions...
ASX Declines, Virgin-Qatar Alliance Approved, Cbus Faces Senate Scrutiny
November 29, 2024 05:39 PM AEDT| By Team Kalkine MediaHighlights,The ASX ended lower amid losses across multiple sectors.,The ACCC approved Virgin and Qatar Airways' partnership for 28,additional,weekly flights.,Cbus leadership addressed Senate questions on delayed insurance payouts.,The Australian shar...
MedAdvisor Limited’s New Share Issuance Reaches ASX
November 29, 2024 04:03 PM AEDT| By Team Kalkine MediaHighlights:,MedAdvisor Limited (ASX:MDR) issues 100,000 fully paid ordinary shares as part of an employee incentive scheme.,The new shares will be quoted on the Australian Securities Exchange (ASX) under the code MDR.,This initiative is aimed at moti...
Hot Stocks on ASX: Resolute Mining, AVJennings, SG Fleet, Novonix Gaining Momentum
November 29, 2024 04:00 PM AEDT| By Team Kalkine MediaHighlights:,Resolute Mining makes a second settlement payment of US$50 million as part of a $160 million agreement with the Government of Mali.,AVJennings shares surge after receiving a takeover proposal from AVID Property Group, with a 103% premium...
Step One Clothing Limited (ASX:STP) Remains 63% Controlled by Insiders Following Recent Sales
November 29, 2024 03:57 PM AEDT| By Team Kalkine MediaHighlights:,Step One Clothing Limited is predominantly controlled by insiders, who hold around 63% of the company.,CEO Gregory Taylor is the largest shareholder, with a 59% stake in the company.,Institutional ownership is minimal, and hedge funds do...
Sims (ASX:SGM) Records a 5.8% Rise Despite a Downward Earnings Trend Over Five Years
November 29, 2024 03:53 PM AEDT| By Team Kalkine MediaHighlights:,Sims Limited (ASX: SGM) share price has increased 23% over the last five years, slightly outperforming the market.,Despite a 1.7% decline in the past year, the company’s revenue has grown at a solid 9.6% per year over the past five years....
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