To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,285.20 on Friday, down 0.12% in the past 5 days.1. $JAMES HARDIE INDUSTRIES-CDI(JHX.AU)$ +16.59%The James Hardie share price was up over 15% this week. This follows the release of the building materials company's second quarter update. James Hardie revealed a 4% decline in net sales to US$961 million and an 8% decline in adjusted EBITDA to US$263 million. James Hardie CFO, Rachel Wilson, was cautiously optimistic. She said: "Despite greater market headwinds than we anticipated in our original outlook, we remain well-positioned to deliver volumes within our original guidance range. Our Hardie Opera

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,295.10 on Friday, up 2.17% in the past 5 days.1. $NEUREN PHARMACEUTICALS LTD(NEU.AU)$ +35.27%Neuren Pharmaceuticals has announced robust financial progress in Q3 2024, with DAYBUE™ achieving net sales surpassing US$250 million, triggering a US$50 million sales milestone payment. Additionally, Neuren will benefit from a one-third share of the US$150 million sale of a Priority Review Voucher by Acadia Pharmaceuticals. The company’s expected full-year income ranges between A$216 million and A$218 million, bolstered by royalties, milestone payments, and interest income.Investors have been buying this

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,118.80 on Friday, down 1.13% in the past 5 days.1. $MINERAL RESOURCES LTD(MIN.AU)$ +19.02%Mineral Resources share price soars on asset sale. Investors are bidding up the Mineral Resources share price after the company reported it has agreed to sell its two oil and gas exploration permits in the Perth Basin to Gina Rinehart's Hancock Prospecting. Hancock will pay the ASX 200 miner a total cash consideration of up to $1.13 billion.The MinRes board said on Thursday that it expected to hand down the conclusion of an investigation into the tax affairs of Mr Ellison by Monday. The miner also announced H

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,211.30 on Friday, down 0.88% in the past 5 days.1. $WEST AFRICAN RESOURCES LTD(WAF.AU)$ +14.73%West African Resources Ltd reported a robust third quarter in 2024, with gold production reaching 47,799 ounces and sales at an impressive average price of US$2,493 per ounce. The company remains on track to meet its annual gold production guidance, supported by a healthy cash balance of A$430 million. Additionally, significant progress was made on the Kiaka project, including a successful A$150 million share placement to fund its development.West African Resources Limited's large institutional owners mu

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,283.20 on Friday, up 0.84% in the past 5 days.1. $REGIS RESOURCES LTD(RRL.AU)$ +22.69%Regis Resources Limited has announced that a significant shareholder, previously holding substantial interest, has ceased to be a substantial holder as of October 14, 2024. This change indicates a shift in the company’s shareholder composition, which may influence investor sentiment and market dynamics.Regis Resources Limited shareholders have had their patience rewarded with a 25% share price jump in the last month. The last 30 days bring the annual gain to a very sharp 48%.Retrospectively, the last year delivered a decent 11%

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,214.50 on Friday, up 0.79% in the past 5 days.1. $Arcadium Lithium plc(LTM.AU)$ +95.69%Rio Tinto will acquire Arcadium Lithium, in an all-cash transaction, valuing the latter at $6.7 billion, the Anglo-Australian giant confirmed on Wednesday.  Rio Tinto will acquire the United States-based lithium producer for $5.85 per share, it said. The deal represents a premium of 90% to Arcadium’s closing price of $3.08 per share on October 4 and is expected to close mid-2025.Management notes that Arcadium Lithium is a global, fast-growing, vertically integrated lithium chemicals producer with an asset base of long-life

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,212.20 on Friday, up 0.03% in the past 5 days.1. $MINERAL RESOURCES LTD(MIN.AU)$ +33.90%Mineral Resources Limited, with a market cap of A$8.05 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.Mineral Resources has completed the sale of a 49 percent interest in the Onslow Iron haul road to investment funds managed by Morgan Stanley Infrastructure Partners. MSIP, a private infrastructure investment platform within Morgan Stanley Investment Management, paid Mineral Resources upfront cash consideration of AU$1.1 billion on Tuesday (September 24).Mineral R

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,209.50 on Friday, up 1.35% in the past 5 days.1. $SIMS LTD(SGM.AU)$ +11.55%The Sims Ltd share price is up 13% after the metal business gave a promising trading update. Sims describes itself as a global leader of metal recycling and the provision of circular solutions for technology.Despite ongoing market challenges across all regions, the Sims metal businesses are projected to deliver an estimated EBIT of approximately $55 million in the first quarter of FY25.The Sims Managing Director and CEO Stephen Mikkelsen said: "It is encouraging to see the improved performance of our Metal businesses despite the chall

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,099.90 on Friday, up 1.08% in the past 5 days.1. $MINERAL RESOURCES LTD(MIN.AU)$ +25.06%MinRes gained 25.06% to $38.33 by this week, having closed 16.47% higher on Wednesday after securing approval by the Foreign Investment Review Board to sell a 49% stake in its Onslow Iron project's haul road to Morgan Stanley Infrastructure Partners.Morgan Stanley analyst Rahul Anand reaffirmed an 'overweight' rating on the company, noting that the stock is cheap and offers "significant upside for value investors with a long-term horizon". Anand said he did not see an equity raise being required, unless a weakening of up to 25

As New Zealand's inflation rate dropped to 3.3% in July, the Reserve Bank of New Zealand (RBNZ) announced its first interest rate cut in four years.On August 15, the RBNZ unexpectedly lowered the Official Cash Rate (OCR) from 5.5% to 5.25%. This marks a significant shift from the RBNZ's previous guidance (as recent as May), which suggested that interest rates would not be cut until August 2025.Rate cut cylce already begins in New Zealand! Expect 3+% in 2025?Although inflation is now close to its target range of 1% to 3%, RBNZ emphasized that policy will need to remain restrictive for some time but still predicts that the cash rate will reach 3.85% by the end of 2025.Following the RBNZ's reduction of the OCR, major banks in New Zealand quickly took action to lower mortgage rates, a move tha