Category: News

Mike Cannon-Brookes has prevailed as the winning bidder for mega solar project Sun Cable, after a 5 month long administration process left his investment vehicle – Helietta Holdings – agreeing to acquire Sun Cable’s assets. The billionaire climate activist is taking on the unprecedentedly large project with Quinbrook Investment Partners. The consortium managed to beat out Andrew Forrest’s Squadron energy, and while the price is still undisclosed – it’s understood to be less than $100 million.

A heated debate developed during an internal town hall at Commonwealth Bank last week when the bank’s CEO put an end to working from home. The boss’ demands are reported to have been met with ‘outrage’ – not surprising considering that an estimated 59% of Australians regard flexible working arrangements as a top benefit that an employer can offer.

Alaskan gold explorer Felix Gold Ltd (ASX: FXG) has commenced a 40 hole, 3,500m resource definition drilling program at their flagship Treasure Creek Project. The company’s 392km2 tenement package has over 40km of strike in the prolific Fairbanks Gold District (Alaska, USA), which has produced over 16Moz and is home to multiple 5-10Moz+ deposits. Felix is targeting a Maiden Mineral Resource Estimate (MRE) for the NW Array Southern Zone in Q4 CY2023.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In March 2023, we were joined by Jai Mirchandani, Founder and Portfolio Manager at ELM Responsible Investments who mentioned Calix Ltd (ASX:…

Like it or not, Artificial Intelligence is here to stay. According to Next Move Strategy Consulting, the Artificial Intelligence (AI) industry is currently worth almost US $100 billion dollars and is expected to continue growing strongly in the coming decade to nearly US $2 trillion dollars by 2030.

Markets have remained range-bound over the past week, with the ASX200 remaining smack in the middle of its May range of circa 7,150-7,350 and the US’ S&P 500 showing a similar pattern. At the same time, volatility has been on the rise over past days and gold seems to remain well supported just under US$2,000/oz.

Is it possible to travel full-time? Well, according to one man, that answer is a resounding yes. Patrick Schulte is his name and travelling is his game.

Clinical stage oncology company Prescient Therapeutics (ASX: PTX) has appointed highly experienced US biotech executive Dr Ellen Feigal as a Non-Executive Director of PTX. Dr Feigal is currently a Partner and Head of the Biologics practice at NDA Partners, where she leads efforts in designing and executing product development regulatory strategies in the areas of cell therapies, medical imaging, hematology and oncology.

Operating predominantly in Alaska, Felix Gold Ltd (ASX: FXG) is an ASX listed gold exploration company with a 392km2 tenement package in Alaska’s Fairbanks Gold District, which has produced over 16Moz gold and is home to multiple 5-10Moz+ deposits.

Alta – a ‘category killer’ in the mixed martial arts (MMA) training market – has mandated a leading New York investment bank to commence the process of listing on a US exchange in an initial public offering (IPO) which is expected to occur before the end of the year. In preparation for the listing, the company is completing a wholesale private placement of US$3.5 million.

Reach Markets have written a comprehensive Gold Review that gathers together three resource-focused fund managers, a gold miner and a research company to provide answers to crucial questions about the precious metal that need to be investigated.

The ASX 200 has remained largely flat again this week, with the index being off just 2% over the past month to 17/5/23. The S&P 500 is only down 1% during the same period, but the Volatility Index (VIX) surged 5% overnight to land on 18. Traditionally viewed as a bellwether of the economy, copper has had a dramatic plunge of more than 10% during the past month, after China’s demand recovery disappointed markets a few weeks ago.