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Mercury
06-05-2025
- Business
- Mercury
Tony's Takeaway: Surfs up on the quarterly wrap wave
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Tony Locantro has been a client advisor/investment manager in the stockbroking industry since 1998. He's focused on the small cap and emerging companies with a strong interest in identifying those in the mining, biotech and industrial sectors that offer growth potential. He also delves into the psychology of speculation and provides regular insights on a number of social media and finance related outlets. Tony Locantro returns to the desk after a pit stop in Sanur, Indonesia, where he has learned the art of riding the quarterly wave. Tune in to hear Tony provide his recap of which quarterlies caught his eye, and more. The views, information, or opinions expressed in this video are solely those of the author and do not represent the views of Stockhead. Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this video. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. While Spartan Resources and Dimerix are Stockhead advertisers, they did not sponsor this content. Originally published as Tony's Takeaway: Surfs up on the quarterly wrap wave
Sky News AU
01-05-2025
- Business
- Sky News AU
ASX 200 opens lower on Thursday following strong week and setting a new 20-day high
The S&P/ASX 200 has opened lower on Thursday morning, dropping 12.10 points or 0.15 per cent to 8114.10 basis points, following a hike and a successful stint over the last week. The dip comes after the index reported in set a new 20-day high, having experienced a 0.2 per cent bump on Wednesday, with Ramelius Resources rising 3.7 per cent and Spartan Resources jumping three per cent. It followed a market surge in the United States overnight on Tuesday amid fresh data showing the RBA's preferred measure of inflation has fallen into its target range. Australian stocks had a steady run in the week before Wednesday's spike, rising by 3.2 per cent over the five days prior. The dip comes after the release of the latest quarterly CPI figures which showed core inflation dropping less than expected to 2.9 per cent. Headline inflation had remained remains stable at 2.4 per cent, but trimmed mean inflation fell into the central bank's target range for the first time since 2021. The figures sparked hope that the RBA is about to make its second interest rate cut of the year, with Sky News Business Reporter Ed Boyd having said that lowering inflation could lead to a boost in market confidence. The bottom performing stocks in the index on Thursday morning are Nickel Industries Limited and Pilbara Minerals Limited, which are down 3.10 per cent and 2.99 per cent respectively. Heavyweight materials and financials sectors are down as well consumer discretionary and utilities stocks. Meanwhile across the board, Amchor shares sunk to a three-month low of $14.05 on Thursday morning.
Sky News AU
30-04-2025
- Business
- Sky News AU
ASX 200 rises as fresh data shows inflation falls into RBA's target range, could prompt second rate cut in 2025
The ASX 200 has edged higher following a market surge in the US overnight, amid fresh data showing the RBA's preferred measure of inflation has fallen into its target range. The index bumped up 0.2 per cent on Wednesday, with Ramelius Resources rising 3.7 per cent and Spartan Resources jumping three per cent. Australian stocks have been on a tear over the past week, rising by 3.2 per cent over the past five days. Headline inflation remains stable at 2.4 per cent, but trimmed mean inflation - down from 3.3 per cent to 2.9 per cent - has fallen into the central bank's target range for the first time since 2021. The new figures have sparked hope that the RBA is about to make its second interest rate cut of the year. Sky News Business Reporter Ed Boyd said lowering inflation could lead to a boost in market confidence. 'Inflation numbers today could have an impact on the market,' Boyd said. 'If they're pretty good, the markets should lift even more.' On Wall Street, all major indexes surged despite US employers posting 7.2 million jobs vacancies in March, below the 7.5 million forecast by economists. The Nasdaq rose 0.6 per cent, the Dow Jones increased 0.8 per cent and the S&P 500 jumped 0.6 per cent. Hopes of the ongoing trade war simmering have surged on the back of US President Donald Trump telling reporters tariff negotiations with India are 'coming along great' and predicting there will be a deal between the two major countries. 'I think we'll have a deal with India,' Trump said outside the White House. 'The prime minister, as you know, was here three weeks ago, and they want to make a deal.' US treasury secretary Scott Bessent echoed Trump's comments, telling reporters the US was 'very close on India'. The US President said he was in discussions with Anthony Albanese on tariff discussions after speculation grew on whether the Prime Minister can get in contact with Trump. 'They are calling, and I will be talking to him, yes,' Trump told Nine News. The NZX 50 Index rose about 0.4 per cent on Wednesday before more than undoing these gains and sitting down 0.1 per cent. After Japan pausing trading on Tuesday for Showa Day, Japan's Nikkei 225 spiked almost half a per cent before losing its gains. South Korea's KOSPI is up about 0.1 per cent.
Sky News AU
30-04-2025
- Business
- Sky News AU
ASX 200 rises 0.3 per cent as investors await fresh inflation data that could pave the way for a second RBA rate cut of 2025
The ASX 200 has edged higher following a market surge in the US overnight, as investors await fresh inflation data due on Wednesday that could pave the way for a second RBA interest rate cut of 2025. The index bumped up 0.3 per cent in the early moments of trading on Wednesday, with Ramelius Resources rising 4.1 per cent and Spartan Resources jumping 3.5 per cent. Australian stocks have been on a tear over the past week, rising by 3.2 per cent over the past five days. It comes as investors look forward to inflation data set to be published by the Australian Bureau of Statistics later in the day, which could pre-empt the Reserve Bank to lower the official cash rate. Trimmed mean inflation is expected to fall into the central bank's target range for the first time since 2021, possibly leading to the second rate cut of the year. Sky News Business Reporter Ed Boyd said lowering inflation could lead to a boost in market confidence. 'Inflation numbers today could have an impact on the market,' Boyd said. 'If they're pretty good, the markets should lift even more.' On Wall Street, all major indexes surged despite US employers posting 7.2 million jobs vacancies in March, below the 7.5 million forecast by economists. The Nasdaq rose 0.6 per cent, the Dow Jones increased 0.8 per cent and the S&P 500 jumped 0.6 per cent. Hopes of the ongoing trade war simmering have surged on the back of US President Donald Trump telling reporters tariff negotiations with India are 'coming along great' and predicting there will be a deal between the two major countries. 'I think we'll have a deal with India,' Trump said outside the White House. 'The prime minister, as you know, was here three weeks ago, and they want to make a deal.' US treasury secretary Scott Bessent echoed Trump's comments, telling reporters the US was 'very close on India'. The US President said he was in discussions with Anthony Albanese on tariff discussions after speculation grew on whether the Prime Minister can get in contact with Trump. 'They are calling, and I will be talking to him, yes,' Trump told Nine News. The NZX 50 Index rose about 0.4 per cent on Wednesday before more than undoing these gains and sitting down 0.1 per cent. After Japan pausing trading on Tuesday for ShÅwa Day, Japan's Nikkei 225 spiked almost half a per cent before losing its gains. South Korea's KOSPI is up about 0.1 per cent.
Yahoo
11-04-2025
- Business
- Yahoo
Spartan Resources acquires remaining interest in Dalgaranga gold project in WA
Australian Securities Exchange (ASX)-listed gold company Spartan Resources has finalised binding purchase agreements to acquire the remaining 20% interest in four exploration tenements at its Dalgaranga gold project in Western Australia (WA). The tenements, E59/1904, E59/1906, E21/195, and E59/1709, were previously held under two unincorporated joint ventures (JVs), with Spartan holding 80% and private parties holding 20%. With the acquisition, Spartan will own 100% of the tenements, and both JVs will be dissolved. The company will pay an aggregate cash consideration of A$2.5m, utilising its current cash balance. The completion of the purchase is anticipated in the coming days. The Dalgaranga gold project is located 65km north-west of Mt Magnet in the Murchison Region of WA. Following an operational reset in November 2022, Spartan shifted focus from low-grade open-pit mining to high-grade gold exploration and development. The turnaround of the Dalgaranga project has been marked by the discovery of the high-grade Never Never and Pepper Gold deposits, which have a combined mineral resource estimate of 2.32 million ounces at 9.32 grams per tonne. The deposits are situated less than 1km from the existing 2.5 million tonnes per annum carbon-in-leach processing plant. Additionally, the recent discovery of the Freak Prospect, located 110m south of Pepper, is in close proximity to the underground infrastructure currently under development. This prospect further enhances the project's potential. Spartan executive chairman Simon Lawson said: 'We are pleased to be able to consolidate the tenure immediately adjacent to our flagship Dalgaranga gold project. Moving to 100% ownership provides us with operational flexibility as we progress forward with making a re-start decision at Dalgaranga underpinned by the high-grade Never Never and Pepper underground deposits. 'A number of prospects on these tenements have been identified as being prospective for mineralisation similar to Never Never and Pepper and will be the subject of future exploration programmes.' Spartan Resources will be acquired by Ramelius Resources in a deal valuing the company at approximately A$2.4bn, as per an announcement last month. 'Outright ownership of the Dalgaranga exploration tenements assists in simplifying aspects of our business model as we continue to progress the steps required to implement the transaction with Ramelius that we announced on 17 March 2025,' Lawson added. "Spartan Resources acquires remaining interest in Dalgaranga gold project in WA" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
