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<WIRE> Delin Mining Group Invests A$10.1M into Australian Gold and Copper (ASX:AGC)

Australian Gold and Copper (ASX:AGC) has announced that Delin Mining Group Cooperation will make a significant A$10.1 million investment to advance the company’s exploration portfolio.

Upon finalization of the strategic investment deal, the company is set to appoint Zhang Yong as co-chairman on its board of directors.

Australian Gold and Copper is a mining corporation involved in exploring and producing gold and copper in Australia.


<WIRE> Transurban (ASX:TCL) share price drops after regulator blocks acquisition of Horizon Roads

Transurban (ASX:TCL) sees its shares slide as much as 2.7% to A$12.770, marking their lowest value since January 3rd.

This drop follows a decision by the national competition regulator to block the toll road operator from buying a majority stake in Horizon Roads, the EastLink toll road operator based in Melbourne.

The proposed acquisition was reported to have been valued at A$2 billion in the local media.

Transurban (ASX:TCL) has stated that it is currently reviewing the regulator’s decision and planning to consider all available options.

If the losses sustained hold, this could seemingly be Transurban’s worst day in the market since September 6th.

As of the last market closure, Transurban shares were up 1.2% this year.

Transurban (ASX:TCL) is a toll road operator.



<WIRE> Cannindah Resources (ASX:CAE) Drops on Discounted Capital Raise

Shares of Cannindah Resources (ASX:CAE) falter suffering as much as an 8.3% drop to A$0.110, headlining their poorest performance since September 11, assuming losses persist.

The exploration company intends to garner up to A$2 million through a share purchase plan.

The issue price of A$0.10 per share presents a 16.7% discount to the stock’s previous close.

The company’s shares plummeted to their lowest level since September 13, amid a 50% year-to-date slide, evaluated at the last closure.

Cannindah Resources (ASX:CAE) is an exploration company endeavoring to raise funds via a discounted share purchase plan.


<WIRE> Shares of Diablo Resources (ASX:DBO) Slump Following Discounted Placement

Shares of Diablo Resources (ASX:DBO) suffered a fall of up to 11.1%, taking them to a A$0.040 low, the lowest since May 23.

The mineral exploration company announced that it received firm commitments for raising A$1 million in a two-tranche placement.

The offer price of A$0.35 signifies a discount of 22.2% to the stock’s last closing price.

The funds raised will be allocated to the completion of drilling at the company’s Devil’s Canyon and King Solomon Projects in the USA.

A total volume of 537,785 shares changed hands, a figure exceeding the 30-day average volume of 74,983 shares.

The stock has experienced a decline of 22.4% year to date as of the last close.

Diablo Resources is a mineral exploration company focused on the mineral rich regions of USA.


<WIRE> Australian Gold and Copper (ASX:AGC) Records Massive Surge Thanks to Delin Mining Investment

Shares of Australian Gold and Copper (ASX:AGC) have seen an astounding leap by as much as 63.2%, reaching A$0.093.

This could potentially become their best day on record if the gains remain in place.

The stock has now reached its highest level since June 2, 2022.

The gold exploration company has received a strategic capital investment amounting to A$10.1 million from the Delin Mining Group Cooperation.

Australian Gold and Copper (ASX:AGC) indicated that Delin has agreed to subscribe for 122.2 million new fully paid ordinary shares at A$0.082636 per share.

Once the placement is completed, Delin will possess 55% of the issued share capital of Australian Gold and Copper (ASX:AGC).

In addition, the company will appoint Zhang Yong as co-chairman on the board.

Over 11.1 million shares swapped hands, which is 106.2 times the 30-day average volume of 104,742 shares.

Despite its record day, the stock has declined by 5% this year as calculated from the last closing rate.

Australian Gold and Copper (ASX:AGC) is a company that explores gold resources, mining, and other related activities.


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<WIRE> Invictus Energy (ASX:IVZ) Experiences Major Drop Due to Discounted Placement

Invictus Energy’s (ASX:IVZ) shares took a major hit, falling as much as 22.5% to A$0.155, setting the company up for its most challenging day since January 3rd if losses hold.

The oil and gas company has confirmed firm commitments to raise A$15 million via a two-tranche placement.

The new shares' issue price of A$0.15 suggests a 25% discount from the stock’s last close.

Invictus Energy (ASX:IVZ) plans to use the proceeds to fund its upcoming Mukuyu-2 exploration campaign in Zimbabwe.

So far, approximately 6.4 million of the company’s shares have been traded, notably higher than the 30-day average volume of 4.8 million.

Currently, Invictus Energy (ASX:IVZ) is the highest percentage loser on the ASX All Ordinaries Index.

The stock is down 31% year-to-date, based on the last close.

Invictus Energy (ASX:IVZ) is an oil and gas company that focuses on securing firm commitments for significant investments.


<WIRE> Hawkish US Federal Reserve and Asian Rate Decisions Drive Market Trends

Noteworthy guidance from the U.S.

Federal Reserve has reinforced the higher-for-longer interest rates narrative, impacting risk sentiment and leading to a selloff in risk assets.

This resulted in a more robust dollar in offshore trading.

The Fed’s outlook suggests one more rate hike this year and two fewer cuts in 2024 than formerly implied.

This hardened hawkish stance signaled to investors that monetary policy would be substantially tighter through 2024 than initially considered.

Wall Street ended the day lower, Treasury yields surged to multi-year highs, the U.S.

dollar overcame earlier losses to close higher, and commodities saw a decrease.

This unfavorable sentiment, expected to influence Asian markets, carries an undertone of prudence as more central banks make their decisions on rates.

Decisions from the central banks of Indonesia, the Philippines, and Taiwan will be closely watched during Asian hours, alongside rate decisions from Britain, Switzerland, Norway, Sweden, Turkey, and South Africa later in the day.

U.S.

stocks saw a drop with the Dow down by 0.22%, S&P 500 by 0.94%, and Nasdaq by 1.53%.

U.S.

yields rose owing on provisionally hawkish Federal Reserve with 2-year treasuries up 7 basis points to 5.1850%, and 10-year and 30-year treasuries up 4 and 2 bps to 4.4110% and 4.4460% respectively.

Oil prices also suffered a hit with Brent crude down 0.9% and WTI reducing 1%.

U.S.

copper gave away its early gains to end down 0.25%, while gold appeared stationary.

The U.S.

dollar strengthened 0.25% in fluctuating trading; with changes in other currencies such as EUR down 0.15%, USD/JPY up 0.30%, GBP down 0.40%, USD/CHF up 0.10%, AUD, NZD and USD/CAD down and flat by 0.10% each and USD/CNH remained stable.

The impact on Asian markets and subsequent decisions by central banks across different countries will be influential in shaping the market dynamics further.



<WIRE> Sigma Healthcare (ASX:SIG) Earnings Predicted to Surge Following Upcoming Contract, Say Brokerages

Sigma Healthcare looks set to enjoy an earnings boost on the back of a forthcoming contract with pharmacy chain Chemist Warehouse, expected to be executed in July 2024, as predicted by brokerages Citi and Jefferies.

The lucrative contract, for the supply of pharmaceutical benefits scheme medicines and fast-selling consumer goods, will run for a term of five years.

Jefferies has upgraded their price target (PT) for Sigma to A$0.85, up from A$0.81, while Citi holds steady with a PT of A$0.80.

Sigma projects an EBIT margin within the range of 1.5% to 2.5% over three to five years, which aligns closely with estimates by Citi and Jefferies of 1.5% and 1.9% in fiscal year 2026, respectively.

SentinelEr data reveals one out of six analysts are recommending the stock as a ‘buy’, and five are advising a ‘hold’, with a median PT of A$0.82.

As of the last close, Sigma’s stock is climbing this year, up by 23.8%.

Sigma Healthcare (ASX:SIG) is an Australian pharmaceutical company.


<WIRE> Omega Oil & Gas (ASX:OMA) CEO and Managing Director, Lauren Bennett, Resigns

Omega Oil & Gas announced today that their CEO and Managing Director, Lauren Bennett, has chosen to step down and tender her resignation.

Her departure from the role will take effect in October 2023.

In response to this, Stephen Harrison will assume the responsibilities as the Executive Chairman for Omega Oil & Gas.

Omega Oil & Gas (ASX:OMA) is an energy company that excels in global oil and gas exploration and production.