Qantas Ex-CEO Alan Joyce Looks to Take Flight Again
Today's must-reads:
• Ex-Qantas boss defiant
• Rinehart's US windfall
• New beef podcast
Alan Joyce, who quit as Qantas CEO in 2023 after a flood of passenger complaints, illegal firings and concerns from the competition watchdog, defended his record in Sydney yesterday — and indicated he may yet return to aviation.
Gina Rinehart, Australia's richest person, saw her US stock portfolio increase in value by more than $600 million in the second quarter, as she boosted her bet on US President Donald Trump's social media platform Truth Social.
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Yahoo
9 minutes ago
- Yahoo
Pulsar Helium Announces Result of Fundraise
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE ("UK MAR"), AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AND REGULATION (EU) NO. 596/2014 ON MARKET ABUSE ("EU MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Unless otherwise defined herein, capitalised terms used in this announcement have the same meanings given to them in the Company's announcement dated August 20, 2025. CASCAIS, PT / / August 21, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce that, further to its announcement on August 20, 2025 of the Offering, conducted in the United Kingdom by way of an accelerated bookbuild, the Company has raised gross proceeds of GBP 3,444,100 (approximately CAD$6,438,745), through the issue of 14,974,338 new Common Shares at the Issue Price of GBP 0.23 (approximately CAD$0.43) per Common Share. The Company has also received subscriptions in Canada for an additional 1,200,000 new Common Shares at the Issue Price, for additional gross proceeds of CAD$516,000 (the "Subscription"). Accordingly, pursuant to the Offering and Subscription, the Company has raised aggregate gross proceeds of GBP 3,720,100 (approximately CAD$6,954,727). The Company has completed its fundraising efforts pursuant to the Offering and will no longer be accepting subscriptions. The Company's shareholder and principal lender, University Bancorp Inc., participated in the Offering to increase its interest to 4.99% of Pulsar's enlarged share capital. The Company offered the Common Shares for sale pursuant to the LIFE Exemption; as such, the Common Shares to be issued to subscribers will not be subject to resale restrictions in accordance with Canadian securities laws. The Offering and Subscription remains subject to the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, which is expected to occur on or about August 29, 2025. OAK Securities (a trading name of Merlin Partners LLP) acted as the Company's exclusive bookrunner and placement agent in connection with the Offering to UK residents. Admission to AIM and total voting rights Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the 16,174,338 new Common Shares, which is expected to occur and dealings commence at 8.00 a.m. on or around August 29, 2025. The new Common Shares, when issued and fully paid, will rank pari passu in all respects with the existing Common Shares. On Admission, the total number of Common Shares in issue will be 150,267,309 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles. Use of proceeds Net proceeds received pursuant to the Offering will be used to advance Pulsar's flagship Topaz helium project in Minnesota, USA and for general working capital purposes. Specifically, the Company intends to sign a new contract for drilling of up to 10 new appraisal wells, to further define the size and shape of the helium-bearing reservoir. Other activities to be funded from the net proceeds of the Offering within the coming 12 months include a preliminary economic assessment and resource update. Further information Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the 16,174,338 new Common Shares issuable under the Offering and the Subscription were placed to purchasers resident in the UK and all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the "LIFE Exemption"). As such, the securities to be issued to subscribers will not be subject to resale restrictions in accordance with applicable Canadian securities laws. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any United States state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any available exemption from the registration requirements of the U.S. Securities Act and applicable United States state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. On behalf Pulsar Helium Inc."Thomas Abraham-James"President, CEO and Director Further Information: Pulsar Helium 1 (218) 203-5301 (USA/Canada)+44 (0) 2033 55 9889 (United Kingdom) Strand Hanson Limited(Nominated & Financial Adviser, and Joint Broker)Ritchie Balmer / Rob Patrick+44 (0)20 7409 3494 OAK Securities*(Joint Broker)Richard McGlashan / Mungo Sheehan+44 7879 646641 / +44 7788 / Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority. Yellow Jersey(Financial PR)Charles Goodwin / Annabelle Wills+44 777 5194 357pulsarhelium@ About Pulsar Helium Inc. Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of the London Stock Exchange and listed on the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Forward-Looking Statements This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating relating to the expected date of closing of the Offering and the Subscription and the expected use of net proceeds of the Offering and the Subscription. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals. No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. No un-risked Contingent and Prospective Helium Volumes have been defined at the Tunu Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance. Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates ; commodity prices; health, safety and environmental factors; and other factors set forth above as well as risk factors included in the Company's Annual Information Form dated July 31, 2025 for the year ended September 30, 2024 found under Company's profile on Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. SOURCE: Pulsar Helium Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
9 minutes ago
- Yahoo
Mount Gibson Iron Ltd (MTGRF) (FY 2025) Earnings Call Highlights: Strategic Moves Amidst ...
This article first appeared on GuruFocus. Release Date: August 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Mount Gibson Iron Ltd (MTGRF) increased its cash and investment reserves to almost $485 million by year-end, equating to over $0.40 per share, with no bank borrowings. The company anticipates strong cash flow over the next 12 to 18 months from Koolan Island, assuming favorable iron ore prices and weather conditions. Mount Gibson Iron Ltd (MTGRF) acquired a 50% interest in the Central Tanami Gold project, which offers substantial upside as a potential long-life gold operation. The company has made progress in organic exploration and expanded its exploration work in Western Australia's Midwest and Murchison Gascoyne areas. Mount Gibson Iron Ltd (MTGRF) has strategic investments in development companies, including a 5.4% interest in Queensland copper producer AIC Mines, valued at $11.5 million. Negative Points Sales for the year were below guidance at 2.61 million wet metric tonnes, down from 4.1 million tonnes the previous year. The company recorded a net loss after tax of $82.2 million, compared to a net profit of $6.4 million in the previous year. Cash operating costs increased to $101 per wet metric tonne FOB, up from $74 in the prior year, due to lower sales volumes and increased waste mining movement. The company faced challenging geotechnical conditions and significant weather-related interruptions at Koolan Island, impacting ore production and sales. Lower iron ore prices during fiscal '25 resulted in adverse provisional pricing adjustments totaling $15.3 million. Q & A Highlights Warning! GuruFocus has detected 6 Warning Sign with MHGVY. Is MTGRF fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of Mount Gibson's financial performance for FY 2025? A: Peter Kerr, Chief Executive Officer, stated that Mount Gibson achieved a reasonable underlying financial performance despite weaker prices and challenging mining conditions. Sales were below guidance at 2.61 million wet metric tonnes, with a revenue of $330.5 million FOB. The company recorded a net loss after tax of $82.2 million due to noncash accounting impairments, compared to a net profit of $6.4 million the previous year. Q: What are the future projections for Koolan Island operations? A: Peter Kerr mentioned that the company anticipates high-grade iron ore sales of 3 million to 3.2 million tonnes in fiscal '26, with an average unit cash operating cost of AUD80 to AUD85 per tonne shipped. The company expects strong cash flow over the remaining 12 to 18 months of operations, contingent on iron ore prices and weather conditions. Q: How has the acquisition of the Central Tanami Gold project impacted Mount Gibson's strategy? A: The acquisition of a 50% interest in the Central Tanami Gold project is seen as a significant step forward, offering substantial upside as a potential long-life gold operation. This acquisition aligns with Mount Gibson's strategy to build a multi-commodity business and is expected to provide a strong base for future growth. Q: What are the key challenges faced by Mount Gibson in FY 2025? A: The company faced challenges due to weaker iron ore prices, geotechnical conditions in the main pit, and weather-related interruptions. These factors contributed to lower sales and increased operating costs, impacting the overall financial performance. Q: What are Mount Gibson's capital management plans moving forward? A: The company has focused on a share buyback program, purchasing 38.8 million shares, representing 3.2% of the company's share capital. The Board has elected not to declare a dividend for FY 2025, preferring to focus on capital growth through the Central Tanami Gold project and other investment initiatives. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Bloomberg
12 minutes ago
- Bloomberg
Gower: Further Upside in Gold Driven by Falling USD
Gold remains in focus as traders weigh the outlook for US monetary policy ahead of Fed Chair Jerome Powell's keynote speech on Friday at the annual Jackson Hole gathering. Traders expect the Fed to cut interest rates by at least 25 basis points next month, which would be positive for gold as it doesn't pay interest. Amy Gower, Metals and Mining Commodities Strategist at Morgan Stanley spoke to Bloomberg's Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East and Africa. (Source: Bloomberg)
