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News
Shree strengthening presence in Western Australia, Applies for new tenements
July 15, 2020 11:31 PM AEST| By Team Kalkine MediaSummary E63/2046 and E63/2048 interpreted along the strike of Boulder Lefroy Fault Zone and the Zuleika Shear Dundas Project with minimal historical exploration activities indicates the potential of hosting large scale gold anomalies Ulysses S.....
First Au’s SPP 11 times oversubscribed on overwhelming response, Shares Up 11.76%
July 15, 2020 10:07 PM AEST| By Team Kalkine MediaSummary Application worth over $3 million received against $280,000 sought Directors & Officers applied for shares worth $100,000 Proceedings to Fund Gimlet Exploration and Acquisitions of VicGold and Snowstorm deposits Advanc.....
Can all BNPL Players take it to the next level- OPY, FXL, SPT
July 15, 2020 09:59 PM AEST| By Kunal SawhneySummary Of late, BNPL usage has been on the rise especially in the US and Australia, with increased popularity amongst younger consumers. Openpay achieved record growth in active merchants, customers, and active plans in Q4FY20, while Splitit w.....
Understanding the Performance of Markets on 15th July 2020
July 15, 2020 09:15 PM AEST| By Team Kalkine MediaAt the close of the trading session on 15th July 2020, equity market of Australia ended in green. The benchmark index S&P/ASX200 witnessed a sharp rise of 111.8 points or 1.88% to 6052.9. Most of the sectors on ASX closed in green such as S&P...
Compelling Combination! Pure Energy to Form Via Real Energy and Strata-X Energy Merger
July 15, 2020 08:59 PM AEST| By Team Kalkine Media“It is an exciting time to be building a new company”, says Chairman of Strata-X Energy, Ron Prefontaine. Australian east coast focused gas company, Real Energy Corporation Limited (ASX:RLE) has entered into a binding Scheme Implement.....
Shedding light on tech and consumer discretionary stocks – MMM, OCL, ELO, KGN
July 15, 2020 08:06 PM AEST| By Kunal SawhneySummary As digital capabilities are improving and connectivity is becoming omnipresent, technology is radically changing nearly every sector of the nation’s economy. While ELO’s latest robust balance sheet depicts the Company is wel.....
Major Breakthrough: Cobalt Blue Announces BHCP Testwork Achieving Battery Grade Cobalt Product
July 15, 2020 07:55 PM AEST| By Team Kalkine MediaSummary Extensive testwork demonstrates Cobalt Blue’s flagship BHCP’s potential to produce high purity, battery ready cobalt sulphate. Testwork achieved >20.8% cobalt sulphate heptahydrate and >99.3% elemental sulphur purity. .....
Empire Resources Reports Significant Results from Drilling Campaigns, Stock Zooms by ~7%
July 15, 2020 06:46 PM AEST| By Team Kalkine MediaSummary Empire Resources Limited has reported excellent exploration results for the Yuinmery Project as well as Smith Well prospect during the quarter ended 30 June 2020. Additional RC drilling programs and a Downhole Electromagnetic (DHEM) sur.....
The new JobKeeper might cause bankruptcies for businesses
July 15, 2020 05:45 PM AEST| By Team Kalkine MediaSummary With the end date of the government’s wage subsidy program approaching in September, businesses have been warned that the incentive could make them go bankrupt. The Federal government has pledged some form of income support for th.....
Coal Prices Bounce Back; Whitehaven Coal Delivers Strong Production In June Quarter
July 15, 2020 04:47 PM AEST| By Team Kalkine MediaSummary Coal prices are now turning around slightly after taking a considerable fall, with New Castle Coal Futures recovering by ~13.27 per cent from its low of USD 59.15 a tonne to USD 67.00 a tonne. Coal market has witnessed a weak performanc.....
Another String to Imugene’s Bow - Attains Ethics Approval for Initiation of PD1-Vaxx’ Phase 1 Clinical Trial
July 15, 2020 03:19 PM AEST| By Team Kalkine MediaAustralian clinical stage immuno-oncology firm, Imugene Limited (ASX:IMU) has attained a significant milestone with the receipt of ethics approval for Phase I clinical trial of anti-cancer immunotherapy, PD1-Vaxx. PD1-Vaxx is Imugene’s B-cel.....
Second Wave of Infection: NSW Under Spotlight with Surge in Coronavirus Cases
July 15, 2020 02:25 PM AEST| By Team Kalkine MediaWhen it seemed that the nation is going in the right direction about controlling the spread of coronavirus, new cases in Victoria and NSW emerged as speed breakers to the pace of economic recovery. As per medical experts, Australia is experiencing.....
Horizon Minerals Ltd Channelised towards Gold Exploration, Divests Nanadie Well Copper Project
July 15, 2020 12:52 PM AEST| By Team Kalkine MediaSummary Horizon Minerals entered into an agreement with Cyprium Metals for divesting 100% Nanadie Well Copper Project for $1.5 million in cash and shares. HRZ is focused on advancing its gold-centric exploration, fixated on developing a stand-a.....
Bank of Canada keeps benchmark rates intact, says full economic recovery unlikely before 2022
July 15, 2020 12:37 PM AEST| By Team Kalkine MediaThe Bank of Canada will maintain its current benchmark interest rate until the “two percent inflation target is sustainably achieved”, said central bank Governor Tiff Macklem while discussing the Monetary Policy Report (MPR) in a teleco.....
Renascor Shining as Purification Tests Confirm Siviour Potential for Eco-Friendly, Low-Cost Battery-Grade PSG
July 15, 2020 11:42 AM AEST| By Team Kalkine MediaThe unapparelled exploration journey of Renascor Resources Ltd (ASX: RNU) appears further to strengthen the viability of Siviour Graphite Project, piggybacking on the latest tests undertaken by German graphite specialist ProGraphite GmbH, holding e.....
Day Gains: 4 Small-Cap Players that Investors are Looking at – MXC, NSB, NVU, BGT
July 14, 2020 10:34 PM AEST| By Team Kalkine MediaSummary MGC Pharmaceuticals received a cannabis research cultivation permit, allowing the company to continue botanical research projects with RMIT University for anticancer treatments. Preliminary study results highlight that NeuroScientific B.....
Consumer Spending and Confidence dips due to COVID-19 outbreak in Victoria
July 14, 2020 10:25 PM AEST| By Hina ChowdharyThe condition of Australian economy now depends on how well the virus cases can be controlled in Victoria, as businesses and consumer sentiments, combined with consumer spending have started dwindling amid rising fears of the second wave. The surge.....
IT Ends as ASX’s Worst Performer; Sector Index Affected by ALU and PPH Performance
July 14, 2020 10:10 PM AEST| By Kunal SawhneySummary Most indices on the ASX settled in the red, influenced by the rising COVID-19 cases in the country. Amongst the indices, All Technology Index and S&P/ASX 200 Information Technology were the worst performers. Despite ALU’s rob.....
Market Update: How Markets Performed on 14th July 2020?
July 14, 2020 08:44 PM AEST| By Team Kalkine MediaOn 14th July 2020, Australian equity market closed in red and the benchmark index S&P/ASX200 went down by 36.4 points to 5941.1. The index has lost 1.19% and 11.28% during the last five days and 52 weeks, respectively. S&P/ASX 200 Industrials...
Lens on COVID-19 Vaccine Developments: Pfizer & BioNTech Granted FDA Fast-track Designation and more
July 14, 2020 08:29 PM AEST| By Team Kalkine MediaSummary The unrelenting pressure from the coronavirus pandemic has made the development of a COVID-19 vaccine the top priority of governments and healthcare authorities around the globe. Pfizer and BioNTech obtained FDA fast-track designation f.....
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