Break it Down: Australian Mines
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News.
Stockhead's Break it Down brings you today's leading market news in under 90 seconds.
In this episode, host Tylah Tully looks a formal expression of interest from globally recognised commodities trading house HMS Bergbau to procure nickel, cobalt and scandium from Australian Mines' (ASX:AUZ) Sconi project in Queensland - which could now potentially find funding under Germany's critical mineral strategy.
Watch the video to learn more.
While Australian Mines is a Stockhead advertiser, it did not sponsor this content.
Originally published as Break it Down: Australian Mines' Sconi project attracts critical mineral offtake interest
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News.com.au
14 minutes ago
- News.com.au
Top 10 at 11: ASX plunges 0.63pc in first hour; BirdDog flies
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. ASX runs for cover as US bombs Iran The ASX is slumping in the first hour of trade, down 0.63% as of about 10:30 am AEST. US President Donald Trump took to Truth Social to announce that US forces had hit several nuclear sites in Iran. At this stage, there's been no retaliation from Iran, although threats have been flying all weekend. Oil markets haven't ignited as some might have expected. Brent Crude oil is up 2.8% to about US$79.17 a barrel at present, a solid lift that puts it back to January levels. That may change if things escalate, but for now the oil market is biding its time. Back at home, only 3 sectors are in the green at start of trade. Energy is unsurprisingly leading gains, up 0.75%, while Info Tech languishes, shedding 1.24%. Onto our winners and laggards for the day… WINNERS Code Name Last % Change Volume Market Cap CT1 Constellation Tech 0.002 100% 752500 $1,474,734 ENT Enterprise Metals 0.003 50% 333333 $2,362,635 GMN Gold Mountain Ltd 0.0015 50% 308261 $5,619,759 SHP South Harz Potash 0.003 50% 500000 $2,205,457 PV1 Provaris Energy Ltd 0.022 47% 4012689 $10,470,019 BDT Birddog 0.068 39% 3752360 $7,912,815 ATV Activeportgroupltd 0.011 38% 1148354 $5,479,817 ASR Asra Minerals Ltd 0.002 33% 500000 $5,987,547 DTM Dart Mining NL 0.004 33% 900000 $3,594,167 NES Nelson Resources. 0.004 33% 125000 $6,515,783 In the news... BirdDog (ASX:BDT), a software enabled video solution company, has postponed a shareholder vote on the company's voluntary delisting from the ASX until July 22. BDT intends to buyback public shares at a 112% premium to its 15-day VWAP at $0.07 a share. The board reckons it's the best move for the company as its share price has been underperforming at low levels of liquidity, at a price point they don't believe reflects BDT's inherit value. Activeport (ASX:ATV) has unveiled version 3.0 of its cloud gaming GPU orchestration solution, a network infrastructure tool provided for Radian Arc that enables GPU-based edge computing. In other words, the technology uses a network of distributed computers to process complex data, enabling users to play high-end games on low-end computers that wouldn't normally be capable of running them. The technology already nets ATV about $1m per year in licensing, with that revenue set to grow as the company deploys a further 1,600 GPUs to support its latest cloud gaming contract with Radian Arc. Nelson Resources (ASX:NES) reckons it could be sitting on a larger gold system than originally thought at the Yarri gold project's Hidden Treasure prospect, after maxing out its rock chip sampling scanner on chips grading more than 8 g/t gold. NES has sent the samples for a more fulsome assay in the lab, unable to determine their true grade with limited equipment in the field. Some of the chips come from fresh rock within the mafic volcanic unit, highlighting potential for new areas of exploration. LAGGARDS Code Name Last % Change Volume Market Cap GGE Grand Gulf Energy 0.002 -33% 201290 $8,461,275 ORP Orpheus Uranium Ltd 0.022 -21% 10708 $7,887,520 H2G Greenhy2 Limited 0.015 -21% 1665973 $11,365,499 AKG Academies Aus Grp 0.1 -20% 209999 $16,576,808 NME Nex Metals Explorat 0.02 -20% 31000 $8,352,645 BCB Bowen Coal Limited 0.15 -17% 599443 $19,396,360 AS2 Askarimetalslimited 0.005 -17% 161500 $2,425,024 TON Triton Min Ltd 0.005 -17% 50000 $9,410,332 CRR Critical Resources 0.003 -14% 273715 $9,149,774 E79 E79Goldmineslimited 0.024 -14% 254550 $4,435,554 In the news... Green HY2 (ASX:H2G) has secured firm commitments to raise about $987k in a share placement at $0.011 per share, a 21% discount on the 90-day VWAP. The money will go to bringing its energy storage products to market, including the new hybridised graphene batteries and hydrogen energy storage products.
Herald Sun
39 minutes ago
- Herald Sun
Defence shares are booming as Trump, Middle East fuel expectations for government spending
Investors who bought into defence-focused companies and exchange traded funds months before Donald Trump was elected US president are laughing all the way to the bank. As wars intensify and President Trump pressures allies to dramatically increase their defence budgets, hundreds of billions of extra dollars will soon be spent on countries' war machines – and a slice of that will flow to savvy investors. Several global defence stocks have doubled their share price in the past year, while many others have climbed three times more than overall markets in the US, Europe and Australia, which are up eight per cent to 10 per cent. Analysts say the outlook remains strong, with the Israel-Iran conflict the latest in a string of international crises. Unlike last year's AI boom, which largely focused on US companies, the defence boom spans many countries. However, some of the best-known US defence stocks Northrop Grumman and Lockheed Martin, have generated only meagre returns. This global theme, combined with the fact that Australia does not have a significant listed defence sector, means many investors are looking to exchange traded funds for global exposure, and they have been rewarded so far. Three ASX-listed defence ETFs debuted last year and have climbed between 55 and 74 per cent. The best performer is the VanEck Global Defence ETF. VanEck deputy head of investments and capital markets, Jamie Hannah, said flows into ASX-listed defence ETFs have surged since March as companies including Italy's Leonards SpA, Germany's Hensoldt AG and Britain's Babcock International enjoy 'triple-digit price growth in the last year'. Mr Hannah said government spending is increasing across Europe, the US and Asia-Pacific, providing long-term revenue for defence companies. 'We often hear the term 'arms race' used in everyday contexts, but the literal meaning of countries competing for military superiority essentially describes the current geopolitical predicament,' he said. 'The thing about an arms race is that there is no finish line and no one can ever actually win the race, yet countries, even those unwilling, are compelled to participate in order to maintain national security.' Mr Hannah said the VanEck ETF does not hold any Australian defence stocks, although clients have expressed interest in Droneshield, which is up 18 per cent in the past year. Another Australian stock with defence exposure is Perth-based Austal, which is up 164 per cent over the past year. Backed by the billionaire Forrest family, it's attracted interest from South Korea's Hanwha Group. Other local companies benefiting from defence spending include Codan, up 75 per cent, and Electro Optic Systems, up 109 per cent. Equity Trustees Asset Management head of equities Chris Haynes said Trump 'wants everyone to be more self-reliant'. Mr Haynes noted the June 5 decision by NATO Defence Ministers to strengthen the alliance's deterrence and defence capabilities, through a spending commitment of 5 per cent of GDP. 'In Europe, the NATO directive will require Germany to spend €40bn for a new infantry division,' he said. 'The political will has changed and the German chancellor says spending needs to go to 3-3.5 per cent of GDP. Rheinmetall Ag is a German company that will benefit as a result of this directly.' Investors can buy overseas defence stocks directly through brokers and platforms, but will achieve more diversification buying broader funds that allocate their money throughout the sector. Betashares senior investment strategist Cameron Gleeson said many global defence contractors, including Rheinmetall, BAE Systems and Palantir, have seen a significant increase in orders and new government contracts. 'Investors are seeking exposure to the earnings growth these companies are experiencing, as well as the long tail of innovation that increased defence spending often provides,' he said. 'However, while defence companies are showing strong performance, much of the growth is happening outside Australia. As a result, investors may wish to look beyond the ASX for exposure to more mature global players with diversified revenue streams and government-backed contracts.' Mr Gleeson said investors should not focus solely on defence. 'Consider this sector for a satellite allocation, complementing a well-diversified core portfolio of Australian and international equities,' he said. Stake markets analyst Samy Sriram said defence ETFs are benefiting from investments in Palantir Technologies, which provides AI-powered defence software and sensors and has surged more than 440 per cent in a year. 'Palantir is a major beneficiary of higher defence spending, as it relies on government contracts for revenue,' she said. 'It is the third most traded stock on Stake this year. Firms that are investing in AI will be seen as increasingly important to the defence sector.' Stockspot CEO Chris Brycki said the shift to higher military spending started before Trump's re-election but his victory 'has added fuel to the fire'. Mr Brycki said Germany's defence spending increase is a notable example after it 'broke from decades of fiscal restraint by lifting its post-WWII cap on military spending'. 'This was a major policy shift that signalled how seriously many countries are now taking security,' he said. Originally published as Defence shares boom as wars intensify, company revenues surge Read related topics: Donald Trump
Herald Sun
an hour ago
- Herald Sun
US strikes on Iran spook ASX as crude oil price soars
Don't miss out on the headlines from Business Breaking News. Followed categories will be added to My News. Oil prices have surged as the rest of the market wobbled on Monday morning, with the ASX 200 suffering a 'very nervous start' to the trading week. The ASX 200 fell 44.30 points or 0.52 per cent to 8461.20 on the opening bells as investors weighed up the risks in the Middle East. The Aussie dollar also slumped, falling from US64.94 cents to US64.48 as the tension escalates. Investors are worried about two major potential escalations in the conflict, with either the closure of the Strait of Hormuz or an all-out regional war negatively impacting the price of oil. Cutting off the Strait of Hormuz could send the price of oil above $US100 a barrel, as the 32km mile stretch is the primary route of exports from Saudi Arabia, Iraq, the UAE, and Kuwait. Nervous investors are selling down the ASX on fears of Iran-Israel conflict. Picture NewsWire/ Gaye Gerard. senior financial market analyst Kyle Rodda said traders would be looking to gauge risks of energy shocks and the potential impact of the broader conflict. 'The markets are confronting a very nervous start to the week where the only thing that will matter is the fallout from the US missile strike on Iranian nuclear assets over the weekend,' Mr Rodda said. 'There's already some talk of (closing the Strait of Hormuz) from the Iranians, with the instability in the region and risks to critical infrastructure alone enough to worry energy markets.' US Secretary of State Marco Rubio said closing the crucial Strait of Hormuz would be a 'suicidal' move to the Iranian regime. Mr Rubio said closing the strait would affect the US, but it would have 'a lot more impact on the rest of the world', particularly on China. 'That would be a suicidal move on (Iran's) part because I think the whole world would come against them if they did that,' Mr Rubio said. On Saturday (Sunday AEST), US forces confirmed strikes on three Iranian nuclear facilities in the latest flair up between Israel and Iran. US President Donald Trump said the three nuclear sites in Iran – Fordow, Isfahan and Natanz – were 'completely obliterated' but this is yet to be independently verified. The ASX has fallen on Iran-Israel tensions. Picture NewsWire/ Gaye Gerard. The armed conflict sent the price of Brent crude oil surging to above $US80 a barrel after it was about $US65 a barrel. Mr Rodda said the first move by markets would be a possible kneejerk, with traders taking a shoot-first-ask-questions-later approach. 'But as the dust settles and more of the facts become known – especially the extent of the damage achieved by the US – the markets will turn to gaming out the likely course of events from here and quantifying the risks to asset prices,' he said. Originally published as ASX falls on 'very nervous start' to Monday's trading after US strikes Iran
