PLS has released September Quarter earnings this morning – Key points from the release are:
Revenue has fallen 42% compared to Q2, coming in at $493m.
144kT of Spodumene Concentrate was produced (down 11% from prior Q).
A similar amount was sold at a realised price of US$2240/T.
ASX 200 fell 42 points to 6812 (-0.6%),2023 closing low despite a small rally into the close. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up…
ASX 200 fell 42 points to 6812 (-0.6%), rallying off a one-year low. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up 43.1% and RDN as a ‘nearolgy’ play. PLS fell 0.5% on production report, gold miners slid with NST down 0.8% and NCM recovering some early losses down 1.3%.
SMALL CAP PORTFOLIO SUMMARY Day one of the Microcap Conference and some that caught my eye. #Vanlife and another NEU perhaps? LTR – Maybe looking to add some more below 175c Another member's retirement solution. Updates LTR – Interesting to see this one slip below the placement price yesterday. Good to see the Albanese government…
Rout slows, Bond yields top out, mild equity rally not convincing yet. Mixed late US results – Alphabet down 6.5%. Microsoft up 4.4%. Slim chances of another irrationally exuberant rally in AI. Australian CPI numbers at 11:30am will feed into the RBA meeting on November 7.
Michele Bullock speech – “Will not hesitate to raise rates”. Busy Corporate Diary. Risk-on sectors waking up. Some broker upgrades in lithium.
Banks drift into results. The Five Zones – which one are you in.
Alumina (AWC) released Q3 earnings last week, had a few broker upgrades and has hit an 11-Yr low. Results highlights include:
Higher aluminium production compared to previous Q.
Lower costs in the Q primarily from cheaper Caustic Soda (used to purify Bauxite).
From up 40 the market has dropped to be down 20 after the higher than expected CPI release today
S32 hits a 52-week low after releasing results on Monday. Real-Estate sector hits a 52-week low. Staples continue to drop with Coles on a 52-week low. Uranium and Gold ETF’s with sell signals.
ASX 200 closed flat, down 3 points to 6854, losing early morning gains following hotter-than-expected inflation data. Market up 40 points at best. Down 25 at worst. Miners helped offset steep losses today on news China has approved additional stimulus. Iron ore behemoths did most of the heavy lifting, supported by firmer iron ore prices. BHP, RIO and…
