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Musgrave Minerals (ASX:MGV) reports action-packed June 2022 quarter
Musgrave Minerals Limited (ASX:MGV) is an Australian explorer and developer committed to developing a sustainable and profitable gold mining business.
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Musgrave Minerals (ASX:MGV) intersects further high-grade gold; shares up ~4.2%
In the latest key development, Musgrave Minerals Limited (ASX:MGV) has announced that it has received another strong set of assay results from the diamond and air core (AC) drilling programs at the Cue Joint Venture (JV).
After the key announcement, MGV shares were up by ~4.2% during the early hours of trading on 21 July 2022. MGV shares were trading at AU$0.250.
More Information Click on URL-
Source URL — https://kalkinemedia.com/au/sponsored/musgrave-minerals-asxmgv-intersects-further-high-grade-gold-shares-up-42
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Australia-based resource business BHP Group Limited ASX BHP mines and explores iron ore, copper, nickel, potash, and metallurgical (steelmaking) coal.
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BHP Group Limited ASX BHP Stock performance Australia-based
ASX: BHP
Australia-based resource business BHP Group Limited (ASX:BHP) mines and explores iron ore, copper, nickel, potash, and metallurgical (steelmaking) coal.
The materials company is concentrated on providing a variety of resources, including potash for sustainable farming, nickel for electric vehicles, copper for renewable energy, and iron ore and metallurgical coal for the steel required for the transition to a more sustainable form of energy and the world’s infrastructure. Coal, iron ore, and copper are among the segment of BHP.
On July 19, 2022, BHP had y shared (19 July 2022) an operational review for the year ended 30 June 2022.
Corporate update
In April 2022, a letter of intent was signed by BHP Group Limited ASX BHP with an aim to evaluate the creation of an iron ore Green Corridor between Australia and East Asia. Green Corridors are designated shipping routes where deploying zero, or nearly zero emission shipping is more economically, logistically, and technologically feasible and where deployment can be aided by focused government and business activity.
On May 3, 2022, BHP finalised the sale of its 80% stake in BMC to Stanmore Resources Limited. At completion, Stanmore Resources paid US$1.1 billion in cash plus an additional US$200 million in working capital as a preliminary completion adjustment.
BHP completed the acquisition of Woodside on 1 June 2022. To qualifying BHP shareholders, BHP distributed Woodside shares and paid a fully franked specie dividend. A rough estimate of the implied value of the in-specie dividend was US$19.6 billion, or US$3.86 per ASX BHP share.BHP paid Woodside a net cash payment of roughly US$0.7 billion as part of the completion.
Production update
The Big Australian reported that its FY 2022 copper output was 1,573.5kt, and its FY 2022 iron ore production was 253.2Mt. This was within the recommended range for iron ore and copper of 249Mt to 259Mt and 1,570Kt to 1,620Kt, respectively.
Update on Samarco
An English Court of Appeal recently permitted more than 200,000 Brazilian plaintiffs to launch a AU$8.8 billion class action against BHP for rupture in Samarco dam in 2015. BHP is currently requesting assistance from the Supreme Court with the Brazil dam dispute.
A total of 19 people lost their lives when the Fundao dam, which is under the control of the Samarco partnership between BHP and the largest iron ore mine in Brazil, Vale, fell.
Stock performance
Shares of BHP closed trading at AU$37.35 apiece, up 1.63% on ASX on Monday (25 July 2022). The company’s shares have fallen almost 12% on a YTD basis and decreased around 18% on a yearly basis.
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Here’s why BHP is struggling on the ASX today
Shares of Australian mining behemoth, BHP Group Limited (ASX:BHP) have closed tad down today (21 July 21, 2022) on the ASX. The last traded share price was pegged at AU$36.790 per share, down 0.862%.
Source Link - https://medium.com/@stevesmithau783/heres-why-bhp-is-struggling-on-the-asx-today-79462cd6d465
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BHP (ASX:BHP) shares trading in green today, here’s why
BHP Group Limited (ASX:BHP) is an Australia-based resources company which produces commodities like copper, iron ore, potash, nickel, and metallurgical (steelmaking) coal.
Shares of BHP were trading 1.39% higher at AU$36.60 each on ASX at 1.34 PM AEST today (18 July 2022),. This is in line with ASX 200 Materials Index, which was 1.75% higher at 24,574.50 points at 1.44 PM AEST.
Meanwhile, the ASX 200 Index also gained 0.86% at 6,662.60 points at 1.45 PM AEST.
On the sectoral front, materials was one of the top performing sectors today, beside the energy and IT sectors.
More Information for Click Link…
Source Link – https://kalkinemedia.com/au/stocks/metal-and-mining/bhp-asxbhp-shares-trading-in-green-today-heres-why
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BHP Group Limited (ASX:BHP) Stock News and Share
BHP is a well-known Australian multinational mining, metals and petroleum public company. Its headquarter is located in Melbourne, Victoria, Australia. Founded on 16 July 1885, The Broken Hill Proprietary Company was the world’s largest mining company. We are saying this because it was Melbourne’s third-largest company by revenue. The company is registered as ASX BHP on Australian Stock Exchange.
https://stevesmithau.blogspot.com/2022/07/bhp-group-limited-asxbhp-stock-news-and.html
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BHP Group Limited (ASX:BHP) Stock News and Share
BHP is a well-known Australian multinational mining, metals and petroleum public company. Its headquarter is located in Melbourne, Victoria, Australia. Founded on 16 July 1885, The Broken Hill Proprietary Company was the world’s largest mining company. We are saying this because it was Melbourne’s third-largest company by revenue. The company is registered as ASX BHP on Australian Stock Exchange.
Australian Stock Market is known as ASX 200 and one can purchase this company stock very comfortably provided that he should have knowledge about the stock market. Otherwise, anyone might get misleading way of losing his money or share details. This is why we are here to know about the trade value of BHP Group Limited company.
Why Should Choose ASX BHP as a Leading Company to Invest?
BHP Group Limited, a Global Resource Company, is operating in iron ore miner and oil sector in Australia. Apart from these, it is a producer of other petroleum products that are copper and uranium. The major segment of business includes Petroleum, Copper, and Iron Ore. This is a proactive organization in the field of producing petroleum and oil projects. We All know very well that situation of crises in this sector. If you are looking for investment in the stock market, then nothing could be better than investing in the company like ASX BHP Share Price.
For a middle — class family, reaching its financial goal is not an easy task. Without having any investment, they can’t reach on culmination point. For living a luxury lifestyle, everybody needs financial credibility. We do job or start shop, but our prime goal can’t be complete in this way. If you want extra income in your life, you must be focus in Australia Stock Market. This may give you a genuine hike in your normal running lifestyle. However, you must have authentic and clear knowledge of trade market before doing any investment.
Follow these Steps to Invest in ASX BHP
If you are continuously purchasing shares in ASX 200, then nothing is going to tough for you. But before trading ASX BHP Shares, you must keep very good knowledge about that. Follow financial news channel so that you could be aware about live performance. Kalkine Media Australia is one of the best platforms, which renders exclusive news about stock market. On this news platform, you will be able to find out your required goal regarding trade market.
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PGW, SCT, RAK: 3 NZX Growth Stocks Grabbing investors’ attention
Growth stocks are those companies that have high-growth potential and are expected to grow their earnings at a relatively faster pace than their peers. These companies often have a high price-to-earnings ratio and continue to grow rapidly, thereby witnessing an increase in their share prices.
Highlights:
Growth stocks are equipped with high-growth potential
Rakon posts a record earnings performance for FY22
PGG Wrightson lifts its operating EBITDA guidance for FY22
Further, Best Growth Stocks in NZ are characterised by having more efficient technology than the existing one, thus giving a company an edge over others.
With this overview, let us skim through the three NZX-listed growth stocks– Rakon Limited (NZX:RAK), PGG Wrightson Limited (NZX:PGW) and Michael Hill International Limited (NZX:MHJ).
Rakon Limited (NZX:RAK)
Rakon Limited is one of the leading manufacturers of timing solutions and frequency control products across the world, having a market cap of about NZ$344 million. It has a one-year return of 63.04%.
Last month, the Company released its FY22 results, reporting a record earnings performance, with underlying EBITDA rising 132% and NPAT climbing 244% on FY21, majorly on account of continued demand growth in 5G networks and industrial positioning applications along with new opportunities stemming from chip shortages across the world.
RAK maintains a strong balance sheet position and boasts a strong forward order book which will accelerate its growth in its core markets.
At the time of writing on 8 June, RAK was down 2.00% at NZ$1.470.
PGG Wrightson Limited (NZX:PGW)
Functioning as an agricultural supply business, PGG Wrightson Limited has a market cap of nearly NZ$342 million and 35.22% as its one-year return.
In its H1FY22 results, the Company posted revenue of NZ$552.4 million, up 11% on pcp, and on NPAT, up 32%, amounting to NZ$22.5 million, majorly attributed to the diversified nature of its businesses and strong performance of all its business units.
Further, based on its strong Q3 performance, PGW has raised its operating EBITDA guidance for FY22 from NZ$62 million to nearly NZ$66 million, and the demand for its horticulture exports remains buoyant.
At the time of writing on 8 June, PGW was trading flat at NZ$4.530.
Michael Hill International Limited (NZX:MHJ )
NZ’s renowned fine jewellery retailer is Michael Hill International Limited, having a market cap of about NZ$447 million and 25.84% as its one-year return.
The Company revealed to sell its Canadian credit receivables to Flexiti, a consumer credit provider based in Canada, to enhance its customer base as well as to strengthen its balance sheet.
MHJ has recorded an 11.1% and 4.8% increase in its all-store sales and same-store sales, respectively, in FY22Q3 as compared to the prior year. Also, its digital sales grew almost 32% on a year-to-date basis, reflecting continued store growth and the progression of its international digital expansion strategy.
Michael Hill International continues to pivot from transformation to growth despite facing pandemic uncertainties, lower foot traffic, and challenges with staff rostering.
At the time of writing on 8 June, MHJ was gaining 2.68% at NZ$1.150.
Bottom Line
Investing in growth stocks often gives a substantial boost to the capital invested over time. However, investors must conduct thorough analysis and research before investing in the stock market.
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ASX 300 Today
The S&P/ASX 300 (XKO) provides exposure to Australia’s large, mid and small-cap equities. It consists of all S&P/ASX 200 companies along with 100 smaller-cap companies that have market capitalization’ above ~AU$100 million ASX 300 list of companies. Share prices and detailed information. Historical data. Rank by performance.
https://kalkinemedia.com/au/asx300
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