Latest Gwr (ASX:GWR) News

Takeover interest sent FleetPartners sharply higher, while major banks and insurers faced broad selling despite solid earnings and generous shareholder returns.
Dividend changes, buy-backs and capital raisings also shaped a mixed week for Australian financial stocks.

The Acting President of the Takeovers Panel has refused to impose interim restrictions on certain GWR shareholders' voting and share transfer rights, leaving the door open for a full Panel review.

Takeover news drove the biggest share-price gains this week, while investment managers reported stronger profits and larger funds under management.

Investors also weighed dividends, capital raisings and several deals that still need shareholder or regulatory approval.

A GWR shareholder has lodged an application with the Takeovers Panel alleging undisclosed control and association issues involving major nominee shareholders, raising potential breaches of the Corporations Act.

GWR Group plans a $19.85 million capital return equating to 6.1 cents per share, pending shareholder approval. The ASX has granted a waiver allowing the share price to fall below 20 cents post-distribution, enabling the return to proceed.

GWR Group Limited has progressed its Prospect Ridge Magnesite Project with a detailed technical review and fieldwork, while maintaining a solid cash reserve of $37 million and a $41 million stake in Tungsten Mining NL. The company continues to manage the transfer of Wiluna tenements to Gold Valley amid outstanding state royalties and a payment plan agreement.

GWR Group Limited reports a robust cash position of $75 million and progresses its Prospect Ridge Magnesite Project alongside strategic investments in tungsten and royalties from iron ore and gold assets.

GWR Group Limited reported steady progress on its Prospect Ridge Magnesite Project and maintains strong cash reserves, while opting out of a potential acquisition after thorough due diligence.

GWR Group Limited reports steady progress on its Prospect Ridge magnesium project with ongoing metallurgical testing and a strong cash position of $38 million. The company also revises Wiluna iron ore royalty terms and pursues strategic acquisitions.

GWR Group Limited reported $2.53 million in royalties from the Wiluna Iron Ore Project through February 2025 and continues exploration at its Prospect Ridge Magnesium Project with pending assay results. The company holds strong cash reserves and is actively pursuing a major Western Australian acquisition.

GWR is actively pursuing transformative project acquisitions across global jurisdictions while trading significantly below its cash and investment backing. The company’s robust cash position and critical minerals investments position it well amid shifting global supply dynamics.

GWR Group is actively pursuing a transformative transaction in Western Australia while maintaining a robust cash and investment position of $53.6 million. The company underscores its confidence in tungsten amid tightening global supply.