News
Note from the MD: RBA interest rate reprieve lifts local market
Local markets have been buoyed by the Reserve Bank of Australia’s (RBA) decision to keep rates on hold at 4.1%. It was a surprise decision for many, with the National Australia Bank, ANZ and Westpac all tipping a quarter point move. The Commonwealth Bank called it correctly, predicting that last week’s softer-than-expected inflation data would convince the RBA it was time to hit pause.
Felix hits near-surface 100m gold intercept next door to blue-chip miner
Resource definition drilling at Felix Gold’s NW Array project in Treasure Creek has turned up gold hits of up to 6.4g/t and identified extensive zones of mineralisation. Drilling Intercepted 100.5m @ 1.14g/t Au from 21.3m, including 47m @ 1.7g/t Au from 38.1m. Another noteworthy assay from the recently completed drilling program includes 70.1m @ 1.6g/t Au from 6.1m, including 7.6m @ 6.4g/t Au from 21.3m.
Engineers bring dead birds back to ‘life’ as machines
Here’s something conspiracy theorists, particularly from the ‘birds aren’t real’ school of thought, have got right – partially at least. New Mexico scientists, in their own scientific ways, have been reanimating dead birds preserved through taxidermy as drones.
Far East Gold completes acquisition of Top-3 greenfield project
Aussie gold explorer Far East Gold Ltd (ASX: FEG) has been digging up multiple instances of visible gold, reporting three separate occasions in May alone at the 24,260-hectare Woyla project in Indonesia – further enforcing the company’s belief in its highly prospective nature.
Mining fundie uses sophisticated AI/machine learning to discover globally significant resource deposits
In the lead up to this week’s The Insider: Meet the Fund Manager, Joe Webb from Mine Discovery Fund Pty Ltd sat down with Reach Markets to provide a bit of information about his investment strategy, industries of interest and view on the market.
Note from the MD: ASX ends losing streak as geo-political uncertainty eases, but rate hikes loom
The ASX bounced back from a four day losing streak, after a short-lived armed rebellion in Russia exacerbated geo-poltical concerns and global market uncertainty.
Fundie picks up on under-the-radar metal HPA and ‘incredibly lucrative’ vertical
Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In June 2023, we were joined by Jeremy Bond, Chief Investment Officer of Terra Capital who chose Alpha HPA Ltd (ASX: A4N)…
Gene therapy approvals usurping each other for most expensive drug throne
In a rare occurrence that the biotech industry wants to see more of, another gene therapy has been approved by the United States Food and Drug Administration (FDA).
Are the fates of SMEs and rooftop solar intertwined amid Budget tailwinds?
Australia’s small and medium sized enterprises (SMEs) are set to gain from $1.5 billion in tax incentives and a slew of other Federal Budget benefits which also reserved $1 billion to help encourage the adoption of solar panels.
‘Tone it down’, says China to the flashy financial elite
Forget about dressing for the job you want, if you’re a finance professional in China, you don’t even get to dress for the job you already have.
AI-driven solution breaking into US$2.3 trillion industry with travel giant Amadeus
The global tourism industry is predicted to be worth US$2.3 trillion in 2023, and a whopping 80% of leisure travel bookings are done by groups of friends and family.
Note from the MD: ASX buoyed by Wall Street & encouraging interest rate signals
The ASX continued to take its cues from Wall Street, which experienced a five week rally, but faded overnight (20.06.23).
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