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Stocks
Why is everyone talking about Mineral Resources (ASX:MIN)?
September 11, 2024 03:06 PM AEST| By Team Kalkine MediaShares of Australia's Mineral Resources (ASX:MIN) surged as much as 22.1% to AU$36.98 on Tuesday, marking their largest intraday percentage gain since November 22, 2018. The jump came after the company announced a major sale and outlined plans for op...
NEXTDC (ASX:NXT) Shares Drop After Announcing AU$750 Million Capital Raising
September 11, 2024 03:02 PM AEST| By Team Kalkine MediaShares of Australian data center operator NEXTDC (ASX:NXT) fell as much as 4.3% to AU$17.075 on Wednesday, marking their biggest intraday decline since August 28. The drop followed the company's announcement of a major capital raising initiative, cau...
Australian Lithium Miners Soar as CATL Suspends Lepidolite Production
September 11, 2024 03:00 PM AEST| By Team Kalkine MediaShares in Australian lithium miners, including Pilbara Minerals (ASX:PLS) and Mineral Resources (ASX:MIN), surged over 10% on Wednesday, driven by reports of production suspensions at Chinese EV battery giant CATL's lepidolite mines. The news boosted...
Mineral Resources (ASX:MIN) Shares Surge on Foreign Investment Approval and Cost-Saving Plans
September 11, 2024 02:57 PM AEST| By Team Kalkine MediaShares of Australia's Mineral Resources (ASX:MIN) soared by as much as 22.1% to AU$36.98 during trading on Tuesday, marking their largest intraday percentage gain since November 22, 2018. The stock's sharp rise followed positive developments surround...
Regal Funds Management Reduces Stake in Bowen Coking Coal as Stock Surges
September 11, 2024 02:20 PM AEST| By Team Kalkine MediaBowen Coking Coal Ltd has experienced a remarkable 53% surge in its share price today, trading at 1¢. This sharp increase comes amidst a notable sell-down by Regal Funds Management, which has reduced its stake in the company. This move has caught the...
Rea Group Ltd (ASX: REA) and BHP Group Ltd (ASX: BHP) Share Prices to Watch
September 11, 2024 02:11 PM AEST| By Team Kalkine MediaIn 2024, the share price of REA Group Ltd has increased by 10.3%, demonstrating strong performance amid the broader market. Meanwhile, BHP Group Ltd is currently 24.0% away from its 52-week high. Understanding the dynamics of these two,ASX value stoc...
NextDC Dragging Tech Stocks into the Red: What’s Behind the Decline?
September 11, 2024 01:50 PM AEST| By Team Kalkine MediaOn Wednesday afternoon, data center operator NextDC Ltd,(ASX: NXT),is significantly impacting the technology sector, causing a broader decline among tech stocks. The company's latest financial maneuver has led to a noticeable drop in its share price,...
NextDC Ltd (ASX: NXT) Completes $550 Million Capital Raise and Announces Share Purchase Plan
September 11, 2024 12:43 PM AEST| By Team Kalkine MediaNextDC Ltd,(ASX: NXT),, a leading data center operator, has successfully completed its latest capital raise, securing $550 million through the issuance of 32.1 million new shares. The shares were issued at a price of $17.15 each, representing a 3.9%...
ASX Chairman Damian Roche to Retire; David Clarke Set to Take Over
September 11, 2024 12:06 PM AEST| By Team Kalkine MediaIn a significant leadership change, ASX Ltd,(ASX: ASX),Chairman Damian Roche has announced his retirement, effective at this year’s annual shareholder meeting. David Clarke, a former Westpac banker and AMP director, is poised to succeed Roche as the...
REA Group Considers London Listing If $11 Billion Rightmove Acquisition Proceeds
September 11, 2024 11:42 AM AEST| By Team Kalkine MediaREA Group Ltd, a prominent real estate company backed by News Corporation, is contemplating a London Stock Exchange listing if its ambitious acquisition of UK property portal Rightmove plc (LSE: RMV) is successful. The move comes after Rightmove's bo...
Country Road Group Initiates Major Brand Overhaul Amidst Financial Challenges and Regulatory Scrutiny
September 11, 2024 10:51 AM AEST| By Team Kalkine MediaCountry Road Group, the prominent fashion conglomerate encompassing labels such as Country Road, Mimco, and Politix, is embarking on a significant brand repositioning and strategic overhaul. This comes in response to a challenging financial year mark...
ASX Chairman Damian Roche to Retire Amid CHESS Controversy
September 11, 2024 10:50 AM AEST| By Team Kalkine MediaDamian Roche, the current Chairman of the Australian Securities Exchange (ASX:ASX), is set to retire next month after a four-year tenure. Roche’s term has been significantly impacted by the challenges associated with the CHESS (Clearing House Electro...
AuMega Metals Expands Gold Mineralisation at Cape Ray Shear Zone
September 11, 2024 10:38 AM AEST| By Team Kalkine MediaAuMega Metals Extends Gold Mineralisation,AuMega Metals Ltd (ASX:AAM) has successfully extended the gold mineralisation at its Central Zone within the Cape Ray Shear Zone (CRSZ) in Canada. The company has been advancing its diamond drilling program t...
XReality Group Secures US Defence Contract for $5.6 Million to Supply Advanced Training Technology
September 11, 2024 10:26 AM AEST| By Team Kalkine MediaXReality Group Limited (ASX:XRG) has announced a significant breakthrough with the sale of its Operator XR training software to a U.S. government customer. The contract, valued at $5.6 million, marks a major milestone for the company, positioning its...
Rightmove Rejects Acquisition Proposal from REA Group
September 11, 2024 10:24 AM AEST| By Team Kalkine MediaREA Group's Proposal to Acquire Rightmove,REA Group Ltd (ASX:REA), the Australian digital real estate platform, has faced a setback in its attempt to acquire UK-based property listings company, Rightmove plc (LSE:RMV). The proposal aimed to create a...
Swoop Acquires 16.9% Stake in Vonex Amid MaxoTel's $34M Offer
September 11, 2024 10:13 AM AEST| By Team Kalkine MediaSwoop's Stake in Vonex,Telecommunications company Swoop Holdings (ASX:SWP) has secured a 16.9% stake in Vonex Limited (ASX:VN8), purchasing shares at an average price of 4 cents per share, amounting to a total investment of $2.45 million. This stake...
Catalyst Metals Increases 3-Year Gold Production Guidance on Strength of 1 Million Ounce Resource
September 11, 2024 10:06 AM AEST| By Team Kalkine MediaCatalyst Metals Ltd (ASX:CYL) has raised its 3-year gold production guidance by 100,000 ounces (Koz) to a total of 200,000oz. This update follows a significant expansion in its gold resources, which now stand at 1 million ounces (Moz) after notable d...
Stavely Minerals Detects Visual Copper Mineralisation from Aircore Drilling at Junction Prospect
September 10, 2024 06:11 PM AEST| By Team Kalkine MediaStavely Minerals,(ASX: SVY),has announced the detection of visual copper mineralisation from its recent aircore drilling program at the Junction prospect in Victoria. The drilling, which comprised 20 holes, revealed several occurrences of visual copp...
Firebird Metals Obtains Essential Environmental Permit for Battery-Grade Manganese Sulphate Project in China
September 10, 2024 06:10 PM AEST| By Team Kalkine MediaFirebird Metals Ltd,(ASX:FRB, OTC:FRBMF),has achieved a significant milestone by securing a critical environmental permit for Stage 1 of its Battery-Grade Manganese Sulphate Project in Jinshi, Hunan Province, China. This permit represents the second...
Kali Metals Identifies Extensive Lithium-Tungsten-Tin Soil Anomalies at Jingellic
September 10, 2024 06:09 PM AEST| By Team Kalkine MediaKali Metals Ltd,(ASX:KM1),has identified several significant soil anomalies for tin, tungsten, and lithium at the Sweetwater area within the Jingellic Project in southern New South Wales. The discoveries were made based on results from an initial soi...
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