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U.S. Gulf of Mexico Oil & Gas Production Takes A Hit from Hurricane Laura
September 02, 2020 08:01 PM AEST| By Team Kalkine MediaThe United States Gulf of Mexico offshore oil output tumbled by 28.4 per cent of the region’s daily production, as per the U.S. Department of Interior. The regulator suggested that 71 of the U.S. Gulf of Mexico’s 643 manned platforms a...
Greenland Government Approval Received for Licences’ Transfer, Platina Resources Closer to Finalising Skaergaard Project Sale
September 02, 2020 07:14 PM AEST| By Team Kalkine MediaAustralia-based Platina Resources Limited (ASX: PGM) has announced a significant milestone concerning the sale of its wholly owned Skaergaard palladium and gold project, located on the east coast of Greenland. In June this year, the Company ha.....
Market Close Commentary; 2 September 2020
September 02, 2020 06:50 PM AEST| By Team Kalkine MediaAfter yesterday's gloomy trading session, today, the Australian share market ended in the green zone. The benchmark index S&P/ASX200 finished at 6063.2, up by 1.84 per cent as compared to yesterday's closing at 5953.4. On Tuesday, the benchmark...
Has the ASX 200 Healthcare Stock Mesoblast Touched a new 52-week high?
September 02, 2020 06:31 PM AEST| By Team Kalkine MediaSummary Australian regenerative medicine company Mesoblast’s share price hit a 52-week high on 27 August following outstanding FY2020 results with revenue up 92%. Mesoblast, on 2 September, received ethics approval to include Australian h.....
Eclipse Plans Ground Magnetometer Survey at Amamoor Manganese Project Ahead of Drilling Campaign in September
September 02, 2020 06:25 PM AEST| By Team Kalkine MediaSummary Eclipse Metals to conduct a detailed ground magnetometer survey for effective siting of drill holes, prior to the commencement of second phase of drilling at Amamoor Manganese Project in Queensland. Drilling to extend manganese minerali.....
Silver Back in Action!! Charts Reflecting on Bullish Sentiments
September 02, 2020 03:24 PM AEST| By Team Kalkine MediaSilver prices have been emerging as the darling commodity with returns even outperforming gold on a six-month basis. The investing community on the global front is now eyeing silver over the emerging supply disruptions and robust demand for the wh.....
Did you miss anything on Apple share price and stock split?
September 02, 2020 02:04 PM AEST| By Team Kalkine MediaSummary The much-awaited 4-for-1 stock split of the Apple stock to make it “more accessible to a broader base of investors” had whet investors’ appetite on 31 August 2020, the day when Apple’s shares trading commenced on .....
Great Southern Mining Makes Management Team Appointments to Maximise Company’s Potential
September 02, 2020 02:04 PM AEST| By Team Kalkine MediaGreat Southern Mining Limited (ASX:GSN) has appointed Mr Sean Gregory as the Chief Executive Officer (CEO) of GSN with immediate effect. Mr Gregory is a resource industry expert with experience of more than 20 years in developing projects and support...
Platina Gets Closer to Finalising Skaergaard Sale, Stock Up By 15.9%
September 02, 2020 01:32 PM AEST| By Team Kalkine MediaPlatina Resources Limited (ASX: PGM) is getting closer to concluding the sale of its Skaergaard Project, with the finalisation of a crucial step. The Greenland Government has approved the transfer of PGM’s Skaergaard Exploration Licen...
Scan Through BPH and its Investees’ Key Operational Achievements in FY 2020
September 02, 2020 01:30 PM AEST| By Team Kalkine MediaSummary BPH posted a Net Profit After Tax of ~$1.37 million for the financial year 2020. During the year, BPH completed a one for ten share consolidation and acquired a stake in PG Aust. Advent continued to focus on the development of PEP 11 p.....
IOOF Announces Completion of $734 million Capital Raising
September 02, 2020 01:09 PM AEST| By Team Kalkine MediaIOOF Holdings Ltd (ASX:IFL) declared successful completion of institutional component of the capital raising announced on 31 August 2020. Some of the details are as follows: The placement and the institutional part of 1 for 2.09 entitlement offer...
Nufarm Updates On FY2020 Non-Cash Asset Impairment & Preliminary, Unaudited Earnings Estimate
September 02, 2020 01:08 PM AEST| By Team Kalkine MediaNufarm Limited (ASX:NUF) expects to recognise non-cash, impairment charges related to its European assets of ~ A215 million in financial statements for the year ended 31 July 2020. However, it would happen after the review of the carrying value of it...
Cardinal Advises Shareholder To Take No Action On Revised Nordgold Takeover Bid
September 02, 2020 01:08 PM AEST| By Team Kalkine MediaCardinal Resources Limited (ASX:CDV) refers to the first supplementary bidder’s statement from Nord Gold SE (Nordgold) related to its unconditional on‐market takeover bid for Cardinal. Cardinal notes that Nordgold have increased the Offer Pr.....
China Suspends Barley Import from Australian Grain Exporter CBH Group
September 02, 2020 01:07 PM AEST| By Team Kalkine MediaThe trade conflict between China and Australia has escalated after the communist nation slapped a ban on the most prominent West Australian grain exporter CBH Grain PTY Ltd after disputed claims pests were found in multiple shipments. However, the g...
GDP Plunged 7% in the June quarter
September 02, 2020 12:30 PM AEST| By Team Kalkine MediaGDP of Australia declined 7% in the June quarter after a fall of 3% in the March quarter of 2020. The latest decline in GDP is the biggest quarterly fall on record. The drop was led by the combined effect of COVID-19 pandemic and associated containme...
Mesoblast Gains Ethics Approval to Treat Australian COVID-19 Patients
September 02, 2020 12:30 PM AEST| By Team Kalkine MediaASX 200 listed global leader in allogeneic cellular medicines for inflammatory diseases, Mesoblast Limited (ASX:MSB) has obtained ethics approval to involve Australian hospitals in the Phase 3 trial of remestemcel-L in ventilator-dependent COVID-19 p...
Petrol Price Dropped in June Quarter but Gross Margins Stood at Record Highs In June Quarter
September 02, 2020 12:30 PM AEST| By Team Kalkine MediaACCC updated that due to COVID-19, the average petrol prices in the June 2020 quarter dropped to their lowest level in 21 years in real inflation adjusted terms. However, the gross margins were at record highs. As per ACCC’s recent petrol moni...
RBA retains cash rate at 0.25% yet again; Majority of ASX indices ended in red
September 02, 2020 11:36 AM AEST| By Team Kalkine MediaSummary RBA Board announced to maintain the targets for the cash rate at 0.25% on 1 September 2020. Under the expanded Term Funding Facility, ADIs shall have access to additional funding at a fixed rate of 25 basis points for 3-years. The Boar.....
Medical Research Charities Face A Funding Gap; Pharma Industry Urges Government Help
September 01, 2020 11:11 PM AEST| By Team Kalkine MediaThe medical research charities have suffered during the coronavirus pandemic due to a substantial fall in their income that comes from fundraising. This year there has been a gap of £310 million and since April 2020 many of the medical resear.....
UK Witnesses Low Recovery of White-Collared Jobs Due to Asymmetric Recovery
September 01, 2020 11:10 PM AEST| By Team Kalkine MediaAs per a research conducted by a major carrier networking portal and jobs search engine LinkedIn in the United Kingdom, job creation across several key industries have been asymmetric. The data collated by the portal showed that white-collared job .....
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