Latest Market Update News

Tyro Payments has acknowledged unsolicited acquisition interest but maintains that current offers undervalue the company. The board remains open to discussions that could unlock shareholder value.

Platinum Asia Investments Limited has announced a special dividend of AUD 0.1992 per share, pending court approval and final confirmation post-scheme valuation. The payment is scheduled for September 2025 with a significant franked component.

Iress Ltd confirms early-stage discussions with Blackstone and Thoma Bravo amid acquisition speculation, following a withdrawn A$10.50 per share offer from Blackstone.

Ballard Mining has launched a comprehensive 130,000-metre drilling campaign at its Mt Ida Gold Project, targeting resource expansion and development of the Baldock deposit. Supported by a recent oversubscribed $30 million IPO, the program aims to unlock new exploration targets along a 26km strike in Western Australia’s Goldfields region.

Catalina Resources has strengthened its cash position through a strategic asset sale and is progressing drilling programs targeting gold and rare earth elements in Western Australia.

Bowen Coking Coal Limited has had its ASX trading suspension lifted following its disclosure on funding efforts amid challenging market conditions. The company confirmed compliance with ASX rules, paving the way for immediate reinstatement.

Bowen Coking Coal Limited (BCB) has responded to ASX inquiries about its liquidity challenges, working capital needs from transitioning to an owner-operator model, and deteriorating operating margins, affirming compliance and financial viability despite market pressures.

Almonty Industries has requested a voluntary suspension of its ASX-listed securities pending the release of an updated technical report on its Sangdong Project in South Korea. The suspension will last until trading resumes on 11 July or the announcement is made.

Rimfire Pacific Mining has lost a key arbitration case against Golden Plains Resources and remains in a trading halt as it assesses the fallout. The company may seek a voluntary suspension to fully understand the implications and comply with ASX rules.

Insignia Financial has revealed ongoing discussions with CC Capital Partners regarding a revised acquisition proposal, with a binding offer expected soon but no guarantee of a deal.

Inventis Limited has requested a voluntary suspension of its shares on the ASX to finalize an important announcement following regulatory queries. The suspension will last until the announcement is released or trading resumes on 27 June 2025.

Saunders International announces the planned resignation of CEO Mark Benson by year-end alongside a notable downgrade in FY25 revenue and earnings guidance due to project delays and weather disruptions.