WiseTech faces competition concerns after $3.2b acquisition of e2open
WiseTech, chaired by controversial billionaire businessman Richard White, said it would acquire e2open in May, adding its Expedient software to its CargoWise product. Both platforms are used by companies that ship goods around the world to create documents needed for customs officials.
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News.com.au
2 hours ago
- News.com.au
Closing Bell: ASX rebounds, fuelled by utilities gains
ASX rebounds to set new intraday high, up 0.53pc Origin Energy leads gains alongside utilities sector Unemployment rate falls, lowering interest rate cut chances ASX sets new intraday high The ASX rebounded powerfully from yesterday's profit taking, adding 0.53% or 46.7 points by the end of the day. The market briefly touched a new intraday high of 8899 points, but couldn't hold the gains to mark off a new record close as well. We're currently sitting 0.28% off that intraday high. Today's hero was the utilities sectors, riding high on a surge in Origin Energy (ASX:ORG) shares (+6.3%) alongside some other solid performances among its brethren. The gas and electricity provider lifted underlying profits by $307m year-on-year and offered up a second 30c dividend to bring the financial year's full offering to 60c a share. AGL Energy (ASX:AGL) also climbed 2.5%, while Genesis Energy (ASX:GNE) lifted 2.8% and Energy World Corp (ASX:EWC) 1.7%. Overall, eight of 11 sectors finished higher and the Banks (+1.3%), Tech (+1.3%) and Gold indices (+0.33%) lent their momentum to boot. Looking for coverage of today's earnings reports? Check out our midday Lunch Wrap courtesy of the preeminent Eddy Sunarto for deets on Westpac (ASX:WBC), Suncorp Group (ASX:SUN), Pro Medicus (ASX:PME), Temple & Webster (ASX:TPW) and South32's (ASX:S32) earnings performances today. More Australians employed more efficiently The ABS released its employment stats today, which fell overall in line with expectations at 4.2%, with 25,000 jobs created in the past month. The numbers tell a story of a more efficiently employed workforce, too – part-time workers fell by 36,000 while full employment lifted by 60,000 positions. Our underutilisation rate – which combines unemployment and underemployment rates – fell by 0.2% to 10.1%, maintaining an ongoing downward trend. Women's participation in the work force hit a record high this month, with the participation rate reaching 63.5%. 'Trend annual employment growth has been faster than population growth for most of the past year, but has slowed in recent months to be in line with annual population growth in July,' ABS head of labour statistics Sean Crick said. The numbers were exactly in line with both the market's and the RBA's expectations, lowering the expectations for a September interest rate cut to 35% according to the ABC's business blog. That said, expectations for a rate cut before November are still high at 78%. ASX Leaders Today's best performing stocks (including small caps): Code Name Last % Change Volume Market Cap ATV Activeport Group Ltd 0.023 142% 1.52E+08 $6,526,282 GGE Grand Gulf Energy 0.002 100% 804209 $2,820,425 MRD Mount Ridley Mines 0.004 60% 46808312 $1,946,223 CRB Carbine Resources 0.006 50% 2879525 $4,000,652 MEL Metgasco Ltd 0.003 50% 100000 $3,674,173 PRM Prominence Energy 0.003 50% 15207265 $972,941 TMX Terrain Minerals 0.003 50% 331104 $5,063,629 OLY Olympio Metals Ltd 0.13 44% 593543 $9,276,057 BPP Babylon Pump & Power 0.007 40% 8348639 $19,034,455 MMR Mec Resources 0.007 40% 9922730 $9,248,829 CR9 Corellares 0.004 33% 750000 $3,021,809 DTI DTI Group Ltd 0.008 33% 66887 $5,382,617 BPH BPH Energy Ltd 0.012 33% 21504358 $10,964,095 FUL Fulcrum Lithium 0.078 26% 460054 $4,681,000 FRB Firebird Metals 0.175 25% 4568697 $19,930,596 BLU Blue Energy Limited 0.01 25% 3181706 $14,807,789 DBO Diabloresources 0.02 25% 1983870 $2,689,854 DTM Dart Mining NL 0.0025 25% 10091666 $2,396,111 CAN Cann Group Ltd 0.016 23% 1108697 $8,466,991 IS3 I Synergy Group Ltd 0.011 22% 4113289 $15,356,699 WTM Waratah Minerals Ltd 0.75 22% 4837566 $143,610,044 DTR Dateline Resources 0.2 21% 57147520 $527,867,058 BB1 Blinklab Limited 0.53 20% 862076 $38,394,908 SOR Strategic Elements 0.042 20% 2378280 $16,586,467 FBR FBR Ltd 0.006 20% 4066783 $28,447,261 In the news… Activeport (ASX:ATV) has launched Australia's first 'private cloud networking superhighway', Private-Cloud Connect, swiftly bringing three new customers on board. The networking infrastructure product offers high speed data communication ports, connecting branch offices to private cloud services hosted in colocation data centres. With AI and data-heavy cloud computing gaining rapidly in property, ATV reckons there's a solid market to corner in connecting private business with high-powered data centres. Health and wellness food company OMG Group's (ASX:OMG) Blue Dinosaur snack products are set to be stocked in 750 7-Eleven stores across Australia as part of a ranging deal. OMG has been building strong sales momentum in recent months, increasing cash receipts by 42% to more than $1.6m quarter-on-quarter. ASX Laggards Today's worst performing stocks (including small caps): Code Name Last % Change Volume Market Cap GGE Grand Gulf Energy 0.001 -50% 31455 $5,640,850 BEL Bentley Capital Ltd 0.015 -42% 4318593 $1,979,326 DTM Dart Mining NL 0.002 -33% 21263802 $3,594,167 PRM Prominence Energy 0.002 -33% 255120 $1,459,411 SKK Stakk Limited 0.005 -29% 8192 $14,525,558 AQX Alice Queen Ltd 0.003 -25% 151531 $5,538,785 AYT Austin Metals Ltd 0.003 -25% 4674800 $6,336,765 MRQ Mrg Metals Limited 0.003 -25% 691143 $10,906,075 AQC Auspaccoal Ltd 0.008 -20% 7558757 $7,004,676 ARV Artemis Resources 0.004 -20% 350432 $14,328,361 OSX Osteopore Limited 0.008 -20% 8341781 $2,372,600 TMX Terrain Minerals 0.002 -20% 1446699 $6,329,536 VRC Volt Resources Ltd 0.004 -20% 27625 $23,424,247 OZM Ozaurum Resources 0.062 -17% 2193670 $17,182,640 SRK Strike Resources 0.029 -17% 150000 $9,931,250 EVE EVE Health Group Ltd 0.03 -17% 115684 $8,863,557 IXC Invex Ther 0.075 -17% 1332 $6,763,846 1AD Adalta Limited 0.0025 -17% 2078341 $3,463,949 FBR FBR Ltd 0.005 -17% 2494829 $34,136,713 GLL Galilee Energy Ltd 0.01 -17% 300000 $8,486,315 MRD Mount Ridley Mines 0.0025 -17% 323599 $2,335,467 SPQ Superior Resources 0.005 -17% 7554456 $14,225,896 TMK TMK Energy Limited 0.0025 -17% 12258062 $30,667,149 BVS Bravura Solution Ltd 2.02 -17% 13434796 $1,085,016,685 FNX Finexia Financialgrp 0.17 -15% 145035 $12,460,793 In Case You Missed It Legacy Minerals Holdings (ASX:LGM) has reported promising early diamond drilling results from the Thomson project in western New South Wales. DY6 Metals' (ASX:DY6) preliminary metallurgical testing of ore from the Tundulu rare earths and phosphate project in Malawi has identified the opportunity to produce a phosphoric acid grade flotation concentrate co-product. Sipa Resources (ASX:SRI) has wrapped up RC drilling and is preparing to get an aircore program underway at the Tunkillia North and Nuckulla Hill gold projects. Argenica Therapeutics (ASX:AGN) now has a clear path forward to clear the clinical hold currently in place on its investigational new drug application that will enable clinical trials for its lead drug ARG-007. Trading Halts
News.com.au
2 hours ago
- News.com.au
Resources Top 5: Investors throw $30m at Waratah as it turns up the heat on NSW gold hunt
Investors validate WTM gold strategy through $30m placement Potential for gallium by-product at KNG's Leliyn graphite project Multiple high-priority drilling targets with significant REE potential at Colosseum Your standout small cap resources stocks for Thursday, August 14, 2025 Waratah Minerals (ASX:WTM) Investors have shown their confidence in Waratah Minerals and validated its aggressive exploration strategy at the Spur gold-copper project in NSW by pouring $30 million into a placement. Continuing a stellar run on the ASX, the company hit a four-year high of 76.5c, a 24.4% increase on the previous day's close, and has risen from 29.5c at the close on August 1. And there is more to come, at least according to Blue Ocean Equities analyst Carlos Crowley-Vasquez who increased the broker's price target from $1.20 to $1.50, saying he sees Spur as having a path to a +3Moz resource. Strong demand was received from existing and new Australian and North American institutional investors for the placement at 57.5c per share, a 7.1% premium to WTM's 5-day VWAP of 53.7c and a 16.1% premium to the 30-day VWAP of 49.5c. It comprises two tranches, with the first of $11.7m to be followed by a second tranche of $18.3m subject to shareholder approval at an upcoming general meeting. Bell Potter Securities acted as sole lead manager to the placement, which has strengthened the company's shareholder base. WTM managing director Peter Duerden said he was delighted with the outcome and the support received. 'The placement provides strong validation of the company's strategy and will enable an acceleration of our exploration activities at the Spur gold-copper project,' he said. Funds will enable the company to step up extensional and resource drilling at Spur, which is in the heart of the Lachlan Fold Belt in NSW, just a few kilometres west of the Cadia Valley gold and copper operations of Newmont. Funds will also be used for initial metallurgical testwork and further target definition geochemistry and geophysics. As well as attracting support from investors, Waratah was also a major talking point at the Diggers and Dealers conference in Kalgoorlie after recent drilling returned a 208.7m intersection grading 1.17g/t gold from 514m at the Consols prospect Drilling returned multiple zones of visible gold, increasing the company's strike along the Spur golds corridor to more than 1.5km The result enhanced confidence in the project's potential to host a large-scale, high-grade epithermal gold system with plenty of upside along the rapidly emerging corridor. The company has three drill rigs on the site southwest of Orange and west of Cadia with a steady stream of exploration results expected in coming weeks and months. Kingsland Minerals (ASX:KNG) Critical minerals have been front and centre in the resources sector along with gold and Kingsland Minerals is benefitting from having a significant deposit of graphite, a key metal in the production of batteries. Now the company has also identified the potential to produce high-value gallium, a critical component in semiconductors, optical-electronic devices, solar panels and several military applications, at its Leliyn graphite project in WA. Investors also like what they see from Kingsland with shares reaching 19c, a 2025 high and an improvement of 31.1% on the previous close. Gallium is a soft metal with a melting point near room temperature (30°C) that is classified as a critical mineral in Europe, America and Australia and its market is projected to grow from US$2.45b in 2024 to US$21.53b by 2034. It isn't mined as a primary ore but is typically produced as a by-product of bauxite and zinc cores. A testwork breakthrough has identified the potential to produce gallium as a by-product at Leliyn, which hosts Australia's largest graphite deposit. Mineralogical testing, which has been verified by the CSIRO, has established muscovite mica as the principal host of gallium within the Leliyn graphitic schist, with biotite mica a secondary host. Kingsland managing director Richard Maddocks said this marked an important development in the company's strategy to unlock value at Leliyn. 'Now we know what mineral hosts the gallium, we can work towards producing a gallium concentrate,' he said. 'It is anticipated that once a gallium concentrate is produced, additional work will assess the viability of extracting gallium and/or gallium compounds from the concentrate. 'It should be noted that gallium production will not be considered in the Leliyn scoping study due for release later in the September quarter,' he added. Kingsland has completed an exploration target for gallium at Leliyn and plans to publish a maiden gallium JORC-compliant resource later in 2025. Mount Ridley Mines (ASX:MRD) (Up on no news) A big mover was Mount Ridley Mines despite having no news with shares surging 180% to a 2025 high of 0.7c. The company continues a desktop review of its WA exploration assets, with a particular focus on its namesake rare earths project in the state's south. This is part of its strategic approach to assess historical data, geological models and economic potential across its portfolio, and will assist in prioritising high-potential areas for future exploration. The Mount Ridley review aims to optimise the company's landholding while maintaining a strategic focus on the project. MRD is also reviewing additional target areas within the Weld Range project in WA's Mid-West. The aim is to define priority locations for a follow-up rock chip sampling program, designed to further assess and refine prospective mineralised zones identified during earlier fieldwork. At Weld Range MRD holds about 18% of the Weld Range Banded Iron Formation (BIF) with areas of the tenements prospective for iron and gold. OD6 Metals (ASX:OD6) Positive testwork results this week have seen OD6 Metals reach a 12-month high of 10.5c, a lift of 54.5% on the previous close, and on volume of more than 31m. High-quality mixed rare earth carbonate (MREC) and mixed rare earth hydroxide (MREH) have been produced from the Splinter Rock REE project in WA with low impurities and high payability potential. The results were from heap leach liquor in metallurgical testing conducted by the Australian Nuclear Science and Technology Organisation (ANSTO). MREC of ~56% TREO was produced via a simplified and scalable heap leach and impurity removal process flowsheet while MREH of ~59% TREO was also produced utilising the same process but with sodium hydroxide (NaOH) to precipitate the saleable product. Dateline Resources (ASX:DTR) Results from a recent 3D magnetotelluric geophysical inversion for the Colosseum gold-REE project of Dateline Resources in California have confirmed multiple high-priority drilling targets with significant rare earth element potential. As well as outlining these targets, a 3D resistivity model derived from the MT survey highlights a standout geophysical anomaly, which is interpreted to represent a potential carbonatite-hosted REE target at depth. This has seen Dateline Resources reach a seven-year high of 21c, a 27.3% increase. 'We are very encouraged by the positive magnetotelluric survey results, which validate our previous work and reinforce confidence in our exploration model,' DTR CEO and MD Stephen Baghdadi said. 'The identification of a deep, high-resistivity feature directly beneath fenite outcrops is particularly noteworthy, as it is consistent with a carbonatite-related system. 'With these geophysical insights in hand, we are now preparing for the next phase of exploration, including drill planning for these targets.' 'We remain optimistic that our gold targets, particularly those coincident with low-resistivity zones or favourable structures, will prove similarly encouraging." This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Waratah Minerals, and Kingsland Minerals are Stockhead advertisers, they did not sponsor this article.
Perth Now
2 hours ago
- Perth Now
Plan to save A-League club from folding
Western United's current investors are hoping to save the club from A-League extinction rather than rely on proposed new owners KAM Melbourne. Stripped of its A-League licence last Friday by Football Australia, United has until Saturday to lodge an appeal against the decision, which was made due to the financially embattled Victorian club's failure to meet the criteria required for a licence. United and its parent company Western Melbourne Group had hoped its financial woes – including a six-figure sum owed to the club's former striker Aleksandar Prijovic and a multimillion-dollar tax debt reportedly owed by United chairman Jason Sourasis – were solved by a proposed $100 million investment from KAM Melbourne that was announced in May. However, the Australian Professional Leagues, which runs the A-League, is yet to receive the completed ownership proposal from KAM Melbourne, a subsidiary of American company KAS Sports. With ongoing uncertainty about KAM Melbourne's ability to submit a viable proposal, it's understood investors that make up WMG – which is headed by Sourasis – have been advised and encouraged to pay the club's debts to ensure United's future. Paying Prijovic would lead to FIFA lifting the ban it imposed on United from registering new signings. That, as well as payment of the tax bill, would go a long towards United's appeal against being stripped off its licence being successful. United's squad continues to train at the club's Tarneit base under coach, Socceroos great John Aloisi. Under the guidance of Aloisi, United won the 2022 A-League championship, with Switzerland-born Serbian international Prijovic having played a leading role in the club's 2-0n grand final win over Melbourne City at AAMI Park. Western United Captain Josh Risdon, Head Coach John Aloisi and Star Brazilian Striker Daniel Penha. Linda Higginson Credit: News Corp Australia Meanwhile, Socceroos defender Jason Davidson has rejoined Melbourne Victory on a two-year deal. Davidson, 34, spent the 2021-22 season with the Victory before spend the past three years in Europe with stints at Eupen (Belgium) and Panserraikos (Greece). 'Returning to Victory after three years in Europe is incredibly exciting,' Davidson said. 'My time overseas has only made me more hungry for success. I intend to bring my best to the team, alongside the rest of the playing group, and help drive success this season.' Victory coach Arthur Diles said: 'Jason has proven his ability to be a game changer in both the A-League and on the international stage.'
