Latest Market Conditions News

EQ Resources Limited has successfully raised $18.8 million through a share placement, complemented by a $3 million Share Purchase Plan, to fund its tungsten mining projects and reduce debt.

The ACCC has decided not to oppose Insurance Australia Group’s proposed acquisition of RACQ Insurance, finding that competition in Queensland’s motor and home contents insurance markets remains robust despite the deal.

Kali Metals has expanded its Marble Bar Gold Project by acquiring a strategic tenement adjacent to a significant gold-in-soil anomaly, increasing its project area to approximately 96 square kilometres. The acquisition enhances exploration continuity and efficiency amid rising gold prices.

betr Entertainment has successfully closed the retail portion of its $130 million equity raise, securing funds to advance its strategic acquisition of PointsBet Holdings.

360 Capital Group has wrapped up a significant off-market buy-back and announced a new on-market buy-back initiative, signalling a strategic move to enhance shareholder value using excess cash.

Constellation Resources has withdrawn its initial entitlement offer and launched a revised plan to raise $2.52 million by issuing new shares at a lower price, aiming to fund exploration and working capital.

Moho Resources has completed the sale of its Empress Springs Project, securing an initial payment of $408,500 with a deferred $300,000 to follow next year, reinforcing its asset optimisation strategy.

GQG Partners reported robust financial results for 2024 with significant growth in funds under management and earnings, underscoring its adaptability and alignment with shareholders. The 2025 Annual Meeting confirmed strong investor confidence with near-unanimous director re-election.

Australian Agricultural Company Limited (AACo) reported a 14% rise in operating profit to $58.4 million for FY25, driven by increased sales volumes and disciplined cost control despite challenging market conditions. The company also marked a significant reduction in statutory loss, signaling improved financial resilience.

Australian Agricultural Company Limited (AACo) reported a robust FY25 operating profit of $58.4 million, driven by increased meat and cattle sales volumes and strategic brand growth despite inflationary pressures.

Bryah Resources has secured an option to acquire the Golden Pike high-grade gold project in New Brunswick, Canada, featuring a historical inferred resource of over 66,000 ounces of gold. The move positions Bryah to capitalize on strong gold prices with plans for extensive exploration and resource upgrade.

Nufarm Limited reported a 3% revenue increase and a 17% rise in underlying EBIT for HY25, driven by strong crop protection volumes and improved cost management. However, net debt climbed 12%, pushing leverage to 4.5 times, highlighting ongoing financial balancing acts.