Weekly | PPT Rejected A$3.1B Bid; AWC Upgraded by JPMorgan
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,194.90 points, up 1.72% in the past 5 days.1. $Chalice Gold Mines(CHN.AU)$ +22.22%Chalice Mining's stock surged after receiving approvals for the next phase of exploration drilling in its Julimar project, aiming to discover high-grade nickel, copper, and platinum elements in new areas near the significant Gonneville Deposit discovered in 2020.Despite the recent rise, the stock remains down 70% over the past year.2. $ALUMINA LTD(AWC.AU)$ +14.08%Alumina Limited's stock surged after JPMorgan upgraded its rating to overweight, setting a 12-month share price target of $
PLS is a great example of a massively bloated EV in a cyclical
$Pilbara Minerals Ltd(PLS.AU)$$PILBARA MINERALS LTD(PILBF)$ is a great example of a massively bloated EV in a cyclical that has plenty of room to shrink... as soon as FCF dries up or turns negative, you realise how expensive it still is (even with all that cash). $Pilbara Minerals Ltd(PLS.AU)$$PILBARA MINERALS LTD(PILBF)$ "short squeeze" will happen when everyone who has bought in anticipation of a short squeeze has been wiped out Spoke too soon big red car. Down she goes Warrants gotta blow up first before she moves…Imagehttps://twitter.com/LukeyTrags/status/1731831464562655713
Weekly | GMD Nears Completion of Takeover for Dacian Gold
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,040.80 points, down 0.12% in the past 5 days.1. $Bellevue Gold(BGL.AU)$ +10.65%The company achieved a significant milestone by commencing gold production at its Leinster mine in WA, coinciding with near-record gold prices at approximately $A3,040/oz ($US1,993/oz).The anticipated revaluation as the company transitions into steady-state production will generate substantial free cash flow.2. $Genesis Minerals Ltd(GMD.AU)$ +9.71% $Dacian Gold Ltd(DCN.AU)$ will be delisted from the ASX next Monday as Genesis Minera
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,049.40 points, up 1.04% in the past 5 days.1. $Elders(ELD.AU)$ skyrocketed 19.09% after releasing surprising FY 2023 resultsAchieved a 16% return on capital and a strong cash flow.Declared a 23 cents per share dividend, offering a 6.6% yield.CEO aimed for growth despite ongoing market challenges in FY 2024.2. $Cromwell Corp(CMW.AU)$ added 14.67% Cromwell Corporation operates as a real estate investment trust. The Company owns and develops commercial properties. As there is no price-sensitive news related to Cromwell, the stock may rebound with the broader
Buybacks will remain a key capital mgmt strategy for NHC
For as long as the insanity continues, buybacks will remain a key capital mgmt strategy for non-ESG friendly co's. The valuation multiples long term are simply too attractive thanks to this obsessive climate change narrative. $New Hope(NHC.AU)$ Imagehttps://twitter.com/LukeyTrags/status/1724912233250197570
The performance of ASX thermal coal peers adjusted for divs since the BHP deal
Here is the performance of ASX thermal coal peers adjusted for divs since the BHP $BHP GROUP LTD(BHP.AU)$ deal. It is clear that recent weakness is a result of the underlying commodity prices $New Hope(NHC.AU)$$Yancoal Australia(YAL.AU)$$WHITEHAVEN COAL LTD(WHC.AU)$$Terracom(TER.AU)$ ImageFor context comparing to it's direct peer & adjusted for divs, NHC is down ~15% since the tweet (5% more than WHC) & WHC is outperforming by ~20% since the deal. IMO this shows it's a result of NEWC. If anything, WHC appears to be holding up better due to the deal.Imagehttp
Weekly | NEU Continues Upward Trend; LNW Beats EPS by 107%
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 6,976.50 points, down 0.02% in the past 5 days.1. $Neuren Pharma(NEU.AU)$ adds about 40% due to higher royalties from DAYBUE$Neuren Pharma(NEU.AU)$ made the second winner in ASX last week, rising 19.75%.It continues to rise this week with expectations of higher royalties from escalating sales of DAYBUE.NEU granted $ACADIA Pharmaceuticals(ACAD)$ an exclusive global license of this drug.2. $Light & Wonder Inc(LNW.AU)$ , the gaming company, rises 11.61% and may go higher next wee
Weekly | PPT Rejected A$3.1B Bid; AWC Upgraded by JPMorgan
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,194.90 points, up 1.72% in the past 5 days.1. $Chalice Gold Mines(CHN.AU)$ +22.22%Chalice Mining's stock surged after receiving approvals for the next phase of exploration drilling in its Julimar project, aiming to discover high-grade nickel, copper, and platinum elements in new areas near the significant Gonneville Deposit discovered in 2020.Despite the recent rise, the stock remains down 70% over the past year.2. $ALUMINA LTD(AWC.AU)$ +14.08%Alumina Limited's stock surged after JPMorgan upgraded its rating to overweight, setting a 12-month share price target of $
PLS is a great example of a massively bloated EV in a cyclical
$Pilbara Minerals Ltd(PLS.AU)$$PILBARA MINERALS LTD(PILBF)$ is a great example of a massively bloated EV in a cyclical that has plenty of room to shrink... as soon as FCF dries up or turns negative, you realise how expensive it still is (even with all that cash). $Pilbara Minerals Ltd(PLS.AU)$$PILBARA MINERALS LTD(PILBF)$ "short squeeze" will happen when everyone who has bought in anticipation of a short squeeze has been wiped out Spoke too soon big red car. Down she goes Warrants gotta blow up first before she moves…Imagehttps://twitter.com/LukeyTrags/status/1731831464562655713
Weekly | GMD Nears Completion of Takeover for Dacian Gold
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,040.80 points, down 0.12% in the past 5 days.1. $Bellevue Gold(BGL.AU)$ +10.65%The company achieved a significant milestone by commencing gold production at its Leinster mine in WA, coinciding with near-record gold prices at approximately $A3,040/oz ($US1,993/oz).The anticipated revaluation as the company transitions into steady-state production will generate substantial free cash flow.2. $Genesis Minerals Ltd(GMD.AU)$ +9.71% $Dacian Gold Ltd(DCN.AU)$ will be delisted from the ASX next Monday as Genesis Minera
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,049.40 points, up 1.04% in the past 5 days.1. $Elders(ELD.AU)$ skyrocketed 19.09% after releasing surprising FY 2023 resultsAchieved a 16% return on capital and a strong cash flow.Declared a 23 cents per share dividend, offering a 6.6% yield.CEO aimed for growth despite ongoing market challenges in FY 2024.2. $Cromwell Corp(CMW.AU)$ added 14.67% Cromwell Corporation operates as a real estate investment trust. The Company owns and develops commercial properties. As there is no price-sensitive news related to Cromwell, the stock may rebound with the broader
Weekly | NEU Continues Upward Trend; LNW Beats EPS by 107%
As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 6,976.50 points, down 0.02% in the past 5 days.1. $Neuren Pharma(NEU.AU)$ adds about 40% due to higher royalties from DAYBUE$Neuren Pharma(NEU.AU)$ made the second winner in ASX last week, rising 19.75%.It continues to rise this week with expectations of higher royalties from escalating sales of DAYBUE.NEU granted $ACADIA Pharmaceuticals(ACAD)$ an exclusive global license of this drug.2. $Light & Wonder Inc(LNW.AU)$ , the gaming company, rises 11.61% and may go higher next wee
Buybacks will remain a key capital mgmt strategy for NHC
For as long as the insanity continues, buybacks will remain a key capital mgmt strategy for non-ESG friendly co's. The valuation multiples long term are simply too attractive thanks to this obsessive climate change narrative. $New Hope(NHC.AU)$ Imagehttps://twitter.com/LukeyTrags/status/1724912233250197570
The performance of ASX thermal coal peers adjusted for divs since the BHP deal
Here is the performance of ASX thermal coal peers adjusted for divs since the BHP $BHP GROUP LTD(BHP.AU)$ deal. It is clear that recent weakness is a result of the underlying commodity prices $New Hope(NHC.AU)$$Yancoal Australia(YAL.AU)$$WHITEHAVEN COAL LTD(WHC.AU)$$Terracom(TER.AU)$ ImageFor context comparing to it's direct peer & adjusted for divs, NHC is down ~15% since the tweet (5% more than WHC) & WHC is outperforming by ~20% since the deal. IMO this shows it's a result of NEWC. If anything, WHC appears to be holding up better due to the deal.Imagehttp