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News.com.au
2 days ago
- Business
- News.com.au
Lunch Wrap: ASX jumps, Bitcoin nears record, Monash IVF tanks on new blunder
ASX edges up as energy and tech rally Monash IVY dives on another embryo mishap Bitcoin nears record again The ASX kicked off Tuesday with a bit of bounce, rising 0.75% by lunch time, AEST. Local investors shrugged off Wall Street's quiet session overnight, and pounced on retail, bank and energy stocks while keeping one eye on Bitcoin's rally. Traders were also glued to US-China trade talks unfolding in London. Six hours of negotiations ended last night with vague optimism. Trump called the talks 'positive but not easy', while his team labelled them 'fruitful'. The Chinese delegation stayed quiet. 'There's this growing optimism again that the negotiations will ultimately reach an agreement,' said Takeru Ogihara at Asset Management One. If China agrees to release rare earths in volume as part of a deal, experts believe it could send tailwinds through the semiconductor, data centre, and battery metal sectors. Elsewhere, Bitcoin's back on the charge, smashing through US$110k for the first time in nearly two weeks. It's now less than 2% off its all-time high of $111,814, with traders eyeing a possible run to $120K if momentum holds. Back to the ASX, and this is where things stood at about 12.40 pm, AEST: In the large caps space, NextDC (ASX:NXT) soared nearly 7% after announcing its move into Malaysia, a step that signals it's serious about extending its data centre reach into Southeast Asia. Meanwhile, there's growing optimism around IPO activity, with whispers that ASIC might loosen the process to help bring more listings to market. Virgin Australia's ASX return on June 24 is the big test case, and if retail investors pile in, analysts say it could open the floodgates for more public debuts. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for June 10 : Security Description Last % Volume MktCap ICE Icetana Limited 0.027 69% 5,585,810 $7,010,282 CZN Corazon Ltd 0.003 50% 1,875,851 $2,369,145 KTA Krakatoa Resources 0.014 40% 28,438,375 $6,201,340 BP8 Bph Global Ltd 0.002 33% 1,757,415 $1,576,477 HLX Helix Resources 0.002 33% 6,075,136 $5,046,291 MKL Mighty Kingdom Ltd 0.018 29% 3,345,192 $6,805,984 FRE Firebrickpharma 0.085 27% 157,319 $15,046,622 ASR Asra Minerals Ltd 0.003 25% 1,533,343 $5,533,072 EDE Eden Inv Ltd 0.003 25% 1,101,963 $8,219,762 MRD Mount Ridley Mines 0.003 25% 277,400 $1,556,978 OVT Ovanti Limited 0.003 25% 7,788 $5,587,030 TFL Tasfoods Ltd 0.005 25% 100,000 $1,748,382 VRC Volt Resources Ltd 0.005 25% 959,170 $18,739,112 YAR Yari Minerals Ltd 0.010 25% 5,201,318 $4,437,692 EXL Elixinol Wellness 0.016 23% 1,427,802 $2,982,090 FCT Firstwave Cloud Tech 0.016 23% 3,216,703 $22,275,743 ADO Anteotech Ltd 0.009 21% 6,510,770 $18,937,102 BSN Basinenergylimited 0.023 21% 701,461 $2,333,757 EPM Eclipse Metals 0.018 20% 21,881,585 $42,987,285 NTU Northern Min Ltd 0.036 20% 13,928,218 $250,714,675 AUR Auris Minerals Ltd 0.006 20% 85,000 $2,383,130 FHS Freehill Mining Ltd. 0.006 20% 4,051,939 $16,167,639 icetana (ASX:ICE) has just signed its biggest deal yet, a $3.6 million strategic partnership with SoftBank Robotics to take its surveillance AI tech deeper into Japan and beyond. The deal includes a $1.87 million equity investment, giving SoftBank a 17.6% stake, and makes it icetana's exclusive distributor in Japan, with a minimum sales commitment of $693,000 a year. The two are also teaming up on a three-year, $1.08 million joint development program to plug icetana's AI into SoftBank's security and automation platforms. Krakatoa Resources (ASX:KTA) is gearing up for its first-ever drill program at the Zopkhito antimony-gold project in Georgia. Drilling is set to kick off in early July, targeting 7000-10,000m of diamond drilling. Geophysical surveys will help map out potential extensions of the current foreign resource estimate, which includes 26,000 tonnes of antimony and over 815,000 ounces of gold. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for June 10 : Code Name Price % Change Volume Market Cap LNR Lanthanein Resources 0.001 -33% 431,800 $3,665,454 MVF Monash IVF Group Ltd 0.565 -24% 28,943,852 $290,277,956 BIT Biotron Limited 0.002 -20% 222,000 $3,318,115 CHM Chimeric Therapeutic 0.004 -20% 128,813 $10,075,971 ERL Empire Resources 0.004 -20% 532,001 $7,419,566 PKO Peako Limited 0.002 -20% 18,817,123 $3,719,355 RDS Redstone Resources 0.004 -20% 4,008,107 $5,171,337 TEM Tempest Minerals 0.004 -20% 1,032,551 $3,672,649 LAT Latitude 66 Limited 0.036 -18% 345,133 $6,309,631 AZI Altamin Limited 0.024 -17% 375,302 $16,660,584 NGX Ngxlimited 0.120 -17% 1,090 $13,138,717 BLZ Blaze Minerals Ltd 0.003 -17% 1,000,000 $4,700,843 FBR FBR Ltd 0.005 -17% 2,279,656 $34,136,713 GLL Galilee Energy Ltd 0.005 -17% 135,000 $4,243,157 MGU Magnum Mining & Exp 0.005 -17% 50,000 $6,729,905 HCT Holista CollTech Ltd 0.051 -15% 22,875 $17,146,003 AS2 Askarimetalslimited 0.006 -14% 621,216 $2,829,195 DTM Dart Mining NL 0.003 -14% 20,034 $4,193,195 EM2 Eagle Mountain 0.006 -14% 1,416,198 $7,945,261 FAU First Au Ltd 0.003 -14% 215,182 $7,251,976 M2R Miramar 0.003 -14% 500,000 $3,488,881 SHP South Harz Potash 0.003 -14% 3,088,888 $3,859,550 S2R S2 Resources 0.074 -13% 941,975 $38,492,929 At Monash IVF Group (ASX:MVF), things went from bad to worse. The company's shares sank 24% this morning after confirming another embryo mix-up; this time at its Clayton lab, where an embryo was incorrectly transferred to the patient rather than her partner, in contrast to the treatment plan. This comes just months after a separate incident in Brisbane, where the embryo of one patient was mistakenly implanted into another, resulting in a birth with the wrong biological parent. Monash says it's expanding its internal review. Coal stock Coronado Global Resources (ASX:CRN) fell despite sealing a deal with Queensland government-owned power provider Stanwell, which will tip in US$150 million in liquidity in return for up to 800,000 tonnes of thermal coal per year starting 2027. LAST ORDERS Star Minerals (ASX:SMS) has inked a drill for equity agreement with Impact Drilling, contracting them to undertake a drilling program at the Tumblegum South gold project in WA. Under the agreement up to 25% of the direct drilling costs will be paid in SMS shares, with the program designed to test for extensions of structural gold targets and infill the current pit boundary. HyTerra (ASX:HYT) has completed the Blythe 13-20 well at the Nemaha project on time and within budget with no health, environment or safety incidents, targeting hydrogen and helium. Mud gas log readings have indicated the presence of both gases in the area – HYT has sent mud gas samples from the surface of the well for independent verification and compositional analysis. Aura Energy (ASX:AEE) has reshuffled its executive board in an effort to expand options and efforts to secure project financing. Non-executive chair Philip Mitchell will transition to an executive role to leverage his extensive business development expertise, while Andrew Grove will continue as managing director and CEO. EZZ Life Science (ASX:EZZ) has signed a three-year, $21 million distribution deal with ROFA Enterprises to sell its products in Thailand, Vietnam, and Singapore starting June. ROFA will handle all marketing and logistics, while EZZ retains full brand control. The deal blocks ROFA from selling competing products and marks a key step in EZZ's Southeast Asia growth strategy. IN CASE YOU MISSED IT Mid-tier gold producer St Barbara is set to take a substantial shareholding in Geopacific Resources (ASX:GPR), as the junior releases more encouraging exploration news and a positive analyst report from its flagship Woodlark Project. Titanium Sands (ASX:TSL) has made significant progress at the Mannar heavy mineral sands project in Sri Lanka in recent months and will present the project and provide an overview of the next steps to finalise approval of the key Industrial Mining Licence at a promotional roadshow. At Stockhead, we tell it like it is. While EZZ Life Science, Star Minerals, HyTerra and Aura Energy are Stockhead advertisers, they did not sponsor this article.
News.com.au
28-05-2025
- Business
- News.com.au
Lunch Wrap: ASX steady despite CPI surprise, MinRes sinks again on iron downgrade
ASX holds firm as inflation sticks at 2.4pc MinRes cops another whack on fresh iron ore downgrade Web Travel flies, Myer goes glam The ASX managed to hold its ground on Wednesday morning despite April CPI coming in a touch hotter than forecast. Fresh numbers from the ABS showed consumer prices rose 2.4% over the year to April, steady on March, but above market hopes of a dip to 2.3%. It's still within the RBA's 2-3% target band. Investors have been banking on a smooth descent in inflation following the RBA's rate cut last week, but today's stickiness could be enough to make the RBA glance twice. Over on Wall Street last night, sentiment was upbeat after a pop in US consumer confidence, lifting the S&P 500 and Nasdaq by more than 2%. Investors are also watching for Nvidia's earnings later tonight (AEST), hoping for signs that the AI chip boom is still powering ahead. A strong print here could light a fire under the sector. Now back home where the wave from Wall Street rippled into the ASX this morning. Aussie tech names like NextDC (ASX:NXT) and WiseTech Global (ASX:WTC) tracked the US surge. Energy stocks rebounded on the back of higher crude prices. But a 6.5% sell-off in mining heavyweight Mineral Resources (ASX:MIN) has deepened a rout that's seen the stock shed over 70% in the past year. The selling accelerated after MinRes cut its iron ore guidance for the second time in a month, now expecting between 7.8 million and 8 million tonnes, down as much as 10%. In other large cap news, Web Travel Group (ASX:WEB) soared 15% after telling investors it's 'recalibrated and back on track.' WEB's transaction values jumped 22% to $4.9 billion, and bookings rose 20% over the year to March. Property giant Goodman Group (ASX:GMG) rose 0.6% after sticking to its full-year outlook, though it did warn that some global tenants are dragging their feet on lease decisions. Fisher & Paykel Healthcare (ASX:FPH) fell 5% despite delivering a 43% jump in full year net profit to NZ$377.2 million. And, Myer (ASX:MYR) climbed 1% after holding an Investor Day and announced a fresh push into in-store beauty. Myer said it will be rolling out blow-dry bars, nail stations, and revamping its loyalty program to reel in younger shoppers. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for May 28 : Security Description Last % Volume MktCap IFG Infocus Group 0.011 120% 58,368,339 $1,312,134 AAU Antilles Gold Ltd 0.006 100% 14,488,082 $6,379,103 BMO Bastion Minerals 0.0015 50% 3,500,000 $903,628 DTM Dart Mining NL 0.004 33% 14,968,168 $3,594,167 TKL Traka Resources 0.002 33% 500,000 $3,188,685 VPR Voltgroupltd 0.002 33% 650,000 $16,074,312 DTR Dateline Resources 0.072 31% 102,352,401 $155,089,566 SHN Sunshine Metals Ltd 0.0085 21% 8,287,232 $14,613,514 HIO Hawsons Iron Ltd 0.019 19% 1,979,893 $16,264,022 A1G African Gold Ltd. 0.16 19% 1,423,317 $64,802,677 DXN DXN Limited 0.035 17% 2,032,316 $8,961,109 TMK TMK Energy Limited 0.0035 17% 251,278 $30,667,149 YAR Yari Minerals Ltd 0.007 17% 2,803,749 $3,328,269 AUG Augustus Minerals 0.029 16% 408,484 $2,979,786 CVR Cavalier Resources 0.19 15% 62,666 $9,543,966 D3E D3 Energy Limited 0.115 15% 25,000 $7,947,501 OIL Optiscan Imaging 0.125 14% 247,732 $91,887,488 SYA Sayona Mining Ltd 0.017 13% 55,151,481 $173,149,440 BVR Bellavista Resources 0.35 13% 16,993 $31,273,592 PCK Painchek Ltd 0.054 13% 1,635,674 $88,412,102 SRI Sipa Resources Ltd 0.0135 13% 4,952,177 $4,996,780 STK Strickland Metals 0.135 13% 12,916,873 $271,483,176 TAT Tartana Minerals Ltd 0.045 13% 44,444 $8,565,836 FBM Future Battery 0.018 13% 536,953 $10,700,895 Pivotal Metals (ASX:PVT) said it has uncovered bonanza-grade gold at its Lorraine prospect in Quebec, with one historical channel sample hitting 28 metres at 45.2g/t gold. A deeper drill hole pulled 0.97m at 56.2g/t, including a spicy 0.15m at 233.9g/t. The gold sits in a 600-metre corridor of copper-gold quartz veins, just 12km from the historic Belleterre mine. It's largely untouched ground for gold, with previous efforts focused on copper and nickel. Pivotal's now launching a full-blown field program to line up fresh drill targets. It reckons this could be the next big hit in its BAGB project, already home to high-grade copper and nickel. Locksley Resources (ASX:LKY) has locked in $1.47 million through a well-supported placement at 4 cents a share to fund drilling at its Mojave Project in California. The cash will go straight into boots-on-ground exploration, with the team already mobilising. Drilling's planned for the September quarter, targeting rare earths at El Campo (up to 12.1% TREO) and high-grade antimony at the Desert Antimony Mine (up to 46% Sb), pending final permits. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for May 28 : Code Name Price % Change Volume Market Cap LNR Lanthanein Resources 0.001 -50% 113,750 $4,887,272 AOK Australian Oil 0.002 -33% 726,153 $3,005,349 CZN Corazon Ltd 0.001 -33% 460,000 $1,776,858 ALM Alma Metals Ltd 0.003 -25% 325,110 $6,345,381 AW1 American West Metals 0.04 -22% 3,835,385 $30,382,869 HLX Helix Resources 0.002 -20% 465,000 $8,410,484 JAV Javelin Minerals Ltd 0.002 -20% 100,000 $15,115,373 FCT Firstwave Cloud Tech 0.014 -18% 258,457 $29,129,818 MEL Metgasco Ltd 0.0025 -17% 373,000 $4,372,760 OVT Ovanti Limited 0.0025 -17% 4,133,795 $8,380,545 VEN Vintage Energy 0.005 -17% 863,620 $11,982,791 VML Vital Metals Limited 0.0025 -17% 700,000 $17,685,201 BUS Bubalusresources 0.11 -15% 257,500 $7,330,047 CML Connected Minerals 0.14 -15% 70,873 $6,824,105 CBE Cobre 0.036 -14% 1,404,782 $18,464,878 AN1 Anagenics Limited 0.006 -14% 1,223,965 $3,474,243 ARV Artemis Resources 0.006 -14% 1,051,327 $17,699,705 FAU First Au Ltd 0.003 -14% 250,000 $7,251,976 GLL Galilee Energy Ltd 0.006 -14% 1,271,297 $4,950,350 RDN Raiden Resources Ltd 0.006 -14% 2,037,572 $24,156,240 TYX Tyranna Res Ltd 0.003 -14% 57,308 $11,509,489 ADG Adelong Gold Limited 0.007 -13% 2,094,296 $11,179,890 ADO Anteotech Ltd 0.007 -13% 1,544,048 $21,642,403 AX8 Accelerate Resources 0.007 -13% 110,300 $6,377,510 Predictive Discovery's (ASX:PDI) shares fell after Guinea's government unexpectedly revoked over 100 exploration permits, including PDI's Argo and Bokoro tenements. The company hadn't been formally notified, but the permits were up for extension and PDI plans to appeal. The Bankan Gold Project though, home to the bulk of PDI's 5.53Moz resource, wasn't affected. Its exploitation permit is still progressing through the Guinean approval system.
AU Financial Review
06-05-2025
- Business
- AU Financial Review
AI agents could soon beat humans in hiring queue, says NextDC CEO
All businesses will soon look to deploy artificial intelligence rather than hire a human, says the chief executive of $8.75 billion ASX-listed data centre operator NextDC, adding that demand for AI agents is driving record growth in orders. Craig Scroggie pointed to a recent directive from Shopify boss Tobi Lukte who demanded his staff first prove that what they want done can't be done by AI before attempting to hire.
