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Quarterly Activity Report - Q2 FY25
Second Quarter Activities Report
- Jan 30, 2025
- 10 pages
January
MinRes debt balloons as ASIC probes governance failures
The iron ore and lithium miner has fallen further into the red, as Australia’s corporate watchdog investigates embattled billionaire founder Chris Ellison.
- Mark Wembridge
ASIC descends on MinRes and Ellison
The corporate watchdog has issued notices to MinRes founder Chris Ellison and chief financial officer Mark Wilson forcing them to sit with investigators.
- Mark Di Stefano
- Opinion
- Chanticleer
10 CEOs under the pump in 2025
Overextended stockmarket valuations equal heightened investor expectations. The market has these 10 chief executives in its sights.
- James Thomson
December 2024
Gold miners see silver lining in big lithium and nickel layoffs
The mothballing of large West Australian critical minerals projects has come at the same time as a surge in demand for production of the precious metal.
- Mark Wembridge
Three cheap ASX stocks fund managers are snapping up
It has been a volatile end to 2024 for the sharemarket, but some fundies see big opportunities to pick up stakes in good companies for a bargain.
- Joshua Peach
The stocks that did the most damage in 2024 – and the ones that ruled
One fintech darling has more than tripled in the past 12 months, but the same can’t be said for lithium stocks on the front line of the EV slowdown.
- Joshua Peach and Joanne Tran
- Opinion
- Governance
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
- James Thomson
Rear Window’s year in review: scoops, scandals, and power plays
This week on The Fin podcast, Rear Window editor Myriam Robin on the megalomaniac trying to solve Australia’s housing crisis, the column’s scoop of the year and the Clubland rebellion.
CBA, the next 10-bagger, founder woes: The best of Monday Fundie 2024
The fund manager profiles that resonated the most with readers this year were rich in speculative stock tips, but it’s the deep insights that have made this column a hit.
- Jonathan Shapiro
- Exclusive
- Workplace disputes
MinRes lawyer claims she was forced out for raising ‘cultural issues’
Former legal counsel claims she was retrenched in May because Chris Ellison believed she would make a whistleblower complaint.
- David Marin-Guzman
- Opinion
- BOSS
Drumstick Awards: The five biggest corporate stuff-ups of 2024
From miners to retailers to tech giants, corporate Australia put its foot in it again this year.
- James Thomson
Victoria’s asset sale; MinRes’ gag request; Wesfarmers’ rates alert
Read everything that’s happened in the news so far today.
MinRes asks for gag order on former executive to be lifted
The request, agreed to by the Federal Court, means the company’s board can obtain its own advice and regulators can access previously confidential documents.
- Mark Di Stefano
November 2024
Andrew Ellison battles shareholders at AGM of MinRes subsidiary
Chris Ellison’s younger brother has been accused of mismanaging the flagship garnet mine of his company Resource Development Group.
- Updated
- Mark Wembridge
- Opinion
- Chanticleer
Founder problems? Pull the other one. Founder stocks are flying
Look at the companies whose shares have hit all-time highs this week and what do you see?
- Anthony Macdonald
WA unveils $150m lithium rescue package
The West Australian government has unveiled a $150 million rescue package for the state’s struggling lithium sector.
- Tom Rabe and Mark Wembridge
Embattled Ellison a no-show at MinRes-backed Delta AGM
Billionaire MinRes founder Chris Ellison avoided Delta Lithium’s shareholder meeting after quitting as chairman of the mining junior on Monday.
- Mark Wembridge and Elouise Fowler
Work safety authorities probe fires and crashes on MinRes road
The mining safety regulator is investigating 10 fires or crashes involving road trains on a private road that is pivotal to the finances of the heavily indebted miner.
- Mark Wembridge
- Opinion
- Audit quality
MinRes scandal: Where was internal audit?
The non-executive director and former KPMG partner in charge of cleaning up the miner’s conflicts of interest mess will have to review the internal audit work done by KPMG.
- Tony Boyd
Chris Ellison’s MinRes scandal is just not cricket
Less than 24 hours after the embattled miner’s annual general meeting, day one of the Perth test got under way.
- Mark Di Stefano