To The Moon

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 challenging market conditions, particularly as we refocused our portfolio. I am especially pleased with the strong results in NAM, which highlight the successful execution of our strategy in a difficult market and the team’s commitment to organisational adjustments.“

2. $CENTURIA CAPITAL GROUP(CNI.AU)$ +11.53%

• Centuria Capital Group has released an update this week.

• Centuria Capital Group has announced a significant change in director Joanne Dawson’s interests, with the acquisition of 50,000 fully paid ordinary stapled securities through an on-market purchase, which drive the stock price up! These securities, acquired at $1.9225 each by Monostar Pty Ltd as trustee for the JAGMAH Trust, mark the initiation of Dawson’s direct financial stake in the company.

3. $WEST AFRICAN RESOURCES LTD(WAF.AU)$ +11.15%

• West African Resources Ltd has released an update this week, which drive the stock price up!

• West African Resources Ltd is on track to becoming a significant player in the gold mining sector, with a projection to reach upwards of 420,000 ounces of gold production annually by 2025. The company’s presentation in September 2024 emphasizes this growth trajectory but also includes important disclaimers, noting that it should not be construed as financial advice or a guarantee of future performance. Interested investors are encouraged to consider their own circumstances and seek independent advice before making investment decisions.

• Looking ahead now, EPS is anticipated to climb by 31% per annum during the coming three years according to the three analysts following the company. That's shaping up to be materially higher than the 19% per annum growth forecast for the broader market.

4. $Alcoa Corp(AAI.AU)$ +10.22%

• Alcoa Corporation is a global leader in bauxite, alumina, and aluminum products that are sold internationally. Established in 1888 and headquartered in Pittsburgh, Pennsylvania, Alcoa operates across the aluminum value chain, including mining, refining, and smelting.

• In Q2 2024, Alcoa Corporation achieved a revenue upsurge of 8.3% compared to the same quarter last year, driven by higher alumina and aluminum prices. Revenue in the Alumina segment rose by 5%, while the Aluminum segment saw a 16% surge, driven by higher third-party prices.

• Looking ahead, Alcoa Corporation is making significant strides in its strategic initiatives. On June 28, the company, in collaboration with Rio Tinto, advanced its ELYSIS technology to eliminate all greenhouse gas emissions from the smelting process. Additionally, Alcoa’s profitability improvement programs are on track to achieve $645 million in cost savings by the end of 2025

5. $NEW HOPE CORP LTD(NHC.AU)$ +10.21%

• New Hope has entered the race to buy Anglo American’s five coal mines in Queensland, and warned the UK-listed miner that its asking price will need to come down to get a deal done. The boss of New Hope, Rob Bishop, lobbed a preliminary bid for the coking coal mines this month, as he ploughs ahead with plans to double thermal coal production at New Hope’s existing mines by 2028. This kind of positive momentum drove up the stock price！

• The acquisition would expand New Hope’s portfolio from pure thermal coal, used in power stations, to include steelmaking coal, also known as coking or metallurgical coal.

• New Hope CEO Rob Bishop said: "This year, we've delivered on our organic growth pipeline, with the realisation of productivity benefits from the Bengalla Mine Growth Project and the restart of operations at New Acland Mine resulting in a significant increase in coal production". "The combination of a robust thermal coal price environment, disciplined cost control and strong operational performance contributed to the third highest earnings result in the history of our company," he said.