A Wall of Worry and Other ASX Truths — ASX-listed Gold Stocks
The first leg for gold stocks could be down to a value pivot or correction where existing profits and high-cash balances — there’s some great margins available...
ASX:WES
Target’s Collapse Reinforces Retail Shift — The Decline of Retail
Target, an iconic department store brand, is on its last legs. Controlling entity Wesfarmers confirmed that 167 Target stores will be no more. With 92 set to become refurbished Kmarts and 75 set to close for good. The bigger question though, is whether it is indicative of a broader retail decline...
Coles Share Price versus Woolworths Share Price: Which is Better?
Two supermarket heavyweights, Coles Group Ltd [ASX:COL] and Woolworths Group Ltd [ASX:WOW] have avoided massive sell-offs in this downturn. Today we look at the Coles share price in comparison with the Woolworths share price, to see which could be sturdier as the months in self-isolation progress.
Lynas Share Price Down as Wesfarmers Abandons Bid: The Trump Effect
At time of writing, the share price of Lynas Corporation Limited [ASX:LYC] is down a further 4.96%, trading at $2.30. After shooting up towards the end of June, the Lynas share price has fallen sharply in the last two weeks as trade tensions ease (again). You can see the timing of Trump policy...
Lynas’ Share Price Rises 10.95% after Go Ahead from Malaysian PM
Today, Lynas Corporation Ltd [ASX:LYC] is set to reach more multi-year highs, as the Malaysian Prime Minster gave his strongest indication to date that the company will be allowed to continue operating its controversial processing plant.At the time of writing Lynas’ share price is trading at $3.04, up 10.95%.
China Rare Earth Ban Drags Down Wesfarmers Share Price| ASX: WES
This new ban has seen a decline in the Wesfarmers share price, currently at a decrease of 1.22% (trading at $36.88 a share), as it complicates their takeover plans of Lynas Corporation Ltd [ASX:LYC]
Kidman Resources’ Share Price Volatile on Deed with Wesfarmers
Today, Kidman Resources Ltd [ASX:KDR] announced it had entered a Scheme Implementation Deed (SID), proposing Wesfarmers Limited [ASX:WES] acquire 100% of Kidman’s shares at $1.90 by way of a Scheme of Arrangement.At time of writing, Kidman Resources' share price is sitting at $1.90.
Lynas’ Share Price Up Again — Clarification and Trade War Impact
The company has recently come out of a trading halt and provided clarification on its reserves. Meanwhile, there are signs that Lynas could benefit from worsening US–China trade war tensions.
Lynas’ Share Price Up on US Processing Facility Joint Venture
The latest news out of the company is that it has signed a Memorandum of Understanding (MoU) with a US company for a joint venture (JV) processing facility to be based in Texas.
Kidman Resources’ Share Price Rockets 44.34% on Takeover Bid
Today, Wesfarmers Ltd [ASX:WES] launched a $776 million takeover bid for lithium mining company Kidman Resources Ltd [ASX:KDR].At the time of writing, Kidman Resources’ share price is trading 44.44% higher, at $1.86 apiece.