5 resource sector takeover targets

James Gerrish

This time last year we wrote a piece on Livewire calling a short-term top for resources, targeting a correction of around 10% before we became buyers once again, which you can see here. As it turned out, resources did retreat by a little over 10% affording us an attractive buying... Show More


OZ talks up JV with Cassini; and investors turn on Breaker

Barry FitzGerald

OZ Minerals’ managing director Andrew Cole had some positive things to say about the group’s West Musgrave nickel-copper-cobalt joint venture in Western Australia with Cassini Resources (CZI) at OZ’s annual meeting this week. Show More


What Mattered Today; BOQ hit with higher funding costs

James Gerrish

A very weak session for local stocks even though the index finished flat with early optimism sold into fairly aggressively, particularly on the close despite US Futures trading higher / S&P pointing to a rise of 0.5% in the US tonight. The domestic trading desks we deal with are all... Show More


Aeon’s Queensland copper-cobalt deposit could become too much for majors to resist

Barry FitzGerald

The imminent drilling program to expand Aeon’s Walford Creek copper-nickel resource will be keenly watched by growth-hungry mid-tiers. Plus, David Flanagan’s Battery Minerals secures its mining licence, putting it on track for graphite production at its first project this year, while studies on its second operation are returning strong results. Show More

copper nickel graphite ASX:BHP ASX:OZL ASX:SYR cobalt ASX:AML ASX: BAT

What Mattered Today; Nickel stocks crank up – banks lag

James Gerrish

A better day for stocks with the market higher throughout the session – not to the extent that we saw in the US overnight where the Dow Jones rallied by +669pts plus we’ve seen FUTURES up another +103pts during our session, but a reasonable bounce non-the-less. The banks were the... Show More


What Mattered Today; The travel stocks take flight

James Gerrish

The ASX was strong in early trade today before some selling kicked in and we traded down ~20pts from the highs, however when considering that S&P Futures in the US were trading -0.32% during our afternoon, we fared well in a relative sense. A similar story played out yesterday, and... Show More

A good year ahead for resources

Tim Hannon

We have argued the case for an exposure to the resources sector for over 12 months. Despite the excellent performance of the sector over this period, we continue to remain confident as our multi-pronged investment case remains intact. Show More

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Where in the mining cycle are we today?

Hugh Dive

Unlike industrial companies such as Amcor or Transurban, profits for mining companies are inherently cyclical. The earnings from mining companies are subject to booms and busts, largely outside the control of their management teams. This occurs as ultimately any company producing a commodity is a “price taker” not a “price... Show More

resources mining cycle ASX:BCI ASX:OZL ASX:RIO

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See what The CEO's thought of Commodities, US Tax Reform and Heavy Industry this week

NAOS Asset Management

“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S. Some guiding themes are clear and consistent with how we've been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including... Show More


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What Mattered Today: Production numbers pick up pace

James Gerrish

Commodities and banks both ended lower, resigning the market to a second consecutive fall. Selling was sustained throughout the day, mostly driven by overnight leads from the US, which reopened after a long weekend, and also soft commodity numbers in overseas trade. The big 4 all finished lower, while BHP... Show More


What Mattered Today; Sellers dominate

James Gerrish

More of the same today only on a bigger scale with early optimism met with some decent selling later in the session after the market traded to a 10 year high of 6150 on the ASX 200 during morning trade. As we cautioned yesterday a market that is trading in... Show More


What Mattered Today: TPG ontrack

James Gerrish

Weakness in the commodity complex overnight weighed on the ASX today with the index finishing in the red for the 3rd straight day. Copper the main target overnight and that provided the topic for our AM report this morning. Last night’s fall in Copper was blamed mainly on a stronger... Show More


Red River chief fears zinc miner will be snapped up ‘on the cheap’

Barry FitzGerald

Red River’s MD says it would be a “tragedy” if his Queensland zinc miner is hit with a low-ball offer just as cashflow is set to surge and exploration offers much blue sky. Plus, Cassini tipped to bounce back as investors digest Oz Minerals’ deal with the base metals explorer. Show More

copper zinc nickel ASX:OZL ASX:CZI ASX:RVR

First Impressions from Reporting: STO, SCG, S32, OZL, MYO, FLT

Bell Potter

In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including Santos (STO), Scentre Group (SCG), South32 (S32), OZ Minerals (OZL), MYOB Group (MYO) and Flight Centre (FLT) with links through to more detailed reports. Show More


Copper fizzing at the bungs as supply-demand outlook tightens

Barry FitzGerald

Growing confidence in the Chinese economy, forecasts of an electric vehicle boom and a tightening supply outlook have sent the copper price to a two-year high with forecasts of more to come. Plus, Oklo shares get a wriggle on as first assays dribble in from its Mali gold project. Show More


Sunset Strip > Trading Day Wrap From Blue Ocean 20170726

Mathan Somasundaram

Local market moved higher on better commodity prices and positive US reporting cycle. The market has been flip flopping all July…9 up days and 9 down days…July cycle so far has only delivered two consecutive positive days and we just had it. US Fed update early tomorrow morning…will set the... Show More

Australian share market in subdued mood as investors stay away

Tristan K'Nell

The Australian share market in a subdued mood heading into the close the index up only 6 points after a volatile week. A flat lead from Wall Street and more negative sentiment on the big banks doing little to spur sentiment. The market had been sold off in early trade... Show More

Aussie market in risk off mood as energy & financials weigh on market

Tristan K'Nell

The Australian share market deep in the red on the back of lower oil and commodity prices overnight, with some heavy selling from the opening bell to see a risk off mood today. The selling continued into the afternoon, hitting a daily low around 2:30pm to be trading down 86... Show More

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OZ Minerals and Asaleo Care - First Impressions from reporting

Bell Potter

OZ Minerals (OZL): Operating cash flow $324.1m was a reduction of $105.7m compared to pcp as a result of lower concentration sales partially offset by cost reduction program. | Outlook: Copper production*105,000 to 115,000 tonnes Gold production*115,000 to 125,000 ounces Allin sustaining cost US 120c -US 130c/lb All in sustaining... Show More

ASX:OZL Longform ASX:AHY February 2017 Reporting Season

Disruption fires up copper bulls

Barry FitzGerald

Unlike iron ore, the bulls are out in force when it comes to copper. Show More

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