Australia… One Hour In… ASX200 up 45

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 45 points (0.6%) to 7354.

 

  • Australian Vanadium (+16%); has been awarded a $3.69m Australian Government grant.
  • BHP (+2.5%); has signed a supply deal with Tesla for nickel, from its Nickel West operations in WA,.
  • Computershare (+4.8%); several broker upgrades this morning.
  • Emerge Gaming (+15%); Q update.
  • Evolution (TH); has signed a $400m deal to buy mining assets from Northern Star Resources in Western Australia.  Raising 100%.
  • Galaxy (+7.7%); Q update.
  • Iluka (+6.7%); reported a sharp jump in 1H sales, and continues to explore ways to cut costs at its troubled Sierra Leone operations.
  • Lynas (+5.6%); has been awarded a $14.8m grant from the Australian Govt.
  • Newcrest (-0.6%); 4Q update. In short said its annual gold output fell, but was in line with guidance.  No material C-19 disruptions to date.
  • Northern Star (+1.8%); see Evolution.
  • Orocobre (+8.9%); Q update.
  • Paladin (+4.5%); Q update.
  • Prospa Group (+12.5%); Q update.
  • Santos (+2.9%); Q update. Said it benefited from stronger demand and higher prices for its oil and natural gas in the 2Q.
  • Senex (+0.1%) / Adbri (+1.1%);  Senex and Adbri sign a long-term gas sales agreement to support manufacturing operations.
  • Zip Co (-5.6%); Q update.

 

…….and for those interested, Bitcoin is rallying as I write (+8%) after Elon Musk said SpaceX owns some Bitcoin and has no plans to sell it.  He also said Tesla would soon resume accepting bitcoin for its vehicles.

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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