ASX Announcements
May
Ramelius approached Westgold for $3b-plus gold merger
While neither of the ASX-listed companies disclosed the deal discussions, Wednesday morning’s Takeover Panels application all but confirmed the status quo.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Companies tap offshore money as IPO drought deepens
A dire environment for capital raising is seeing a rise in dual listing activity between Canada and Australia as companies look to raise more money overseas.
- Joshua Peach
July 2023
Gold miner Perseus’ $771m cash dilemma
Rising gold prices, strong productivity and civil war in Sudan have left gold miner Perseus with a unique dilemma; how to spend a massive $771 million war chest.
- Peter Ker
Westgold appears to wave white flag in Musgrave takeover battle
Westgold resists temptation to increase its takeover offer for Musgrave Minerals in response to a rival bid from Ramelius Resources.
- Brad Thompson
Ramelius wades back into gold sector M&A with bid for Musgrave
The offer values Musgrave at about $201 million and was unveiled on Monday, a week after the takeover target knocked back a bid from Westgold Resources.
- Brad Thompson
June 2023
Musgrave rejects ‘opportunistic’ tilt by rival gold miner
Musgrave’s board branded the bid, lobbed on June 6, as “opportunistic given Musgrave’s potential,” pointing to the offer being below the current share price.
- Elouise Fowler
Westgold makes bid for Musgrave despite suspecting leak
Westgold Resources says its $177 million, all-stock offer for Musgrave Minerals makes perfect sense as part of WA gold sector consolidation.
- Brad Thompson
January 2023
How fundies are playing the China reopening commodity boom
While raw material prices and mining stocks have rallied in anticipation of the boost to demand, fund managers are still finding value in the resources sector.
- Alex Gluyas
March 2022
Westgold’s $100m raising turns focus to resources junior Alto Metals
Fund managers are keeping an eye on little-known WA gold explorer Alto Metals, after its bigger peer and shareholder raised $100 million last week and listed acquisitions among its focus.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
October 2021
Gascoyne shareholders get buyer’s remorse over Firefly deal
A significant chunk of Gascoyne Resources shareholders want the company to dump its planned merger with Firefly and join with Westgold instead.
- Peter Ker
May 2021
Plenty of gas left in gold’s climb
A perfect storm of a weaker US dollar and lower real bond yields has pushed the gold price to a three-month high, lifting ASX-listed gold miners with it.
- Alex Gluyas
December 2020
Bunch of bigwigs back new retail trading platform
There's a brand new broking platform competing for the attention of traders – and this one's backed by a bunch of bigwigs.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
August 2020
ASX sinks 0.7pc; Telstra falls 8pc; AGL's worst day since 2007
The ASX ends down 0.7 per cent as Telstra has biggest decline since March after cutting return target. AMP shares rallied 10.9 per cent on $544 million capital returns. AGL suffers biggest fall since October 2007 after dividends were cut.
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Luke Housego and Tom Richardson
May 2020
Westgold Resources raising to fund WA expansion
Listed gold miner Westgold Resources is expected to press go on a capital raising on Tuesday morning to finance its Western Australian mining activities.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
December 2019
- Exclusive
- AGM season
The proxy whisperer behind AGM season
The rise of industry super and activist investors has permanently changed the AGM landscape, says Maria Leftakis, the Australian CEO of shareholder engagement consultancy Morrow Sodali.
- Patrick Durkin