Leo Lithium Shares fell by 50% today after being suspended from trading since July 18. The voluntary suspension was due to an ongoing dispute with the Mali Government about various issues that we’ll explore today.
Origin Energy [ASX:ORG] Posts Big Turnaround with 83.5% Increase in Profits
Takeover target Origin Energy posted strong earnings today, sending its shares up by 1.26% in the morning trading. Shareholders await deliberations from the ACCC to see if the $18.7 billion takeover offer will come to them for a vote.
Lake Resources Bucks Sell-Off Trend after Succesful Lithium Tests
Clean lithium developer Lake Resources saw gains today as it completed injection and extraction tests at its Kachi Lithium Brine Project in Argentina. The tests showed that its direct lithium extraction method is viable and sent it on a path to the completion of its definitive feasibility study.
Beach Energy [ASX:BPT] Shares Plunge after Profits Fall and CEO Change
Beach Energy shares are down 3.59%, trading at $1.61 per share after its FY23 earnings report disappointed investors after flagging a 24% decline in net profits despite rising gas prices.
Newcrest Pays Out the Last Golden Goose Before Potential Takeover
Newcrest posted mixed results in its latest earnings report but offered a silver lining of a substantial dividend payout that kept the share price fairly steady before the upcoming vote to accept Newmont’s $26.2 billion bid.
True North Copper [ASX:TNC] Shares Up 25% After Great First Drill Results
True North Copper has released the results of its inaugural drilling program at its newly purchased Mt Oxide Project in QLD. Its first drill hole saw impressive results of 66.5m at 4.95% Cu.
Silvercorp Makes a Play for Orecorp [ASX:ORR]
Canadian Silvercorp has launched a takeover bid of ASX-listed OreCorp with a deal offering a 41.7% premium on the share price. The bid would see the companies merge into a potential $630 million market-cap company.
Exceptionally High-Grade Infill Drilling Results Fuel Optimism for Bellevue Gold [ASX:BGL]
Bellevue Gold announced infill drilling results of ‘exceptionally high-grade’ today at its Bellevue Gold Project in WA. Investors were excited by today’s announcement and pushed up the share price by 2.56% in the morning trading.
Liontown’s [ASX:LTR] Kathleen Valley Lithium Project on Track for 2024 Production
Liontown Resources announced today that significant progress had been made in the construction of its Kathleen Valley Lithium Project and that it’s on track for mid-2024 production. Shares were down by 0.90%, trading at $2.76 per share.
Core Lithium [ASX:CXO] Shares Tumble amid Disappointing Q4 Update and Guidance
Core Lithium’s share price fell by 16% this morning as the company posted lowered production guidance for FY24 and FY25. The company blamed early development pains and remained confident it could restore production, but shareholders remained concerned
