Already a subscriber?You could not pick a better day to launch an ASX-listed uranium play’s equity raising. Stocks are flying.
, crossed its biggest shareholders and got its investor presentation ready for a Monday-morning launch. Along the way, the world’s biggest uranium producer, Kazakhstan’s Kazatomprom, cut near-term production guidance and sent investors scrambling for uranium stocks. Happy days. The sector is on a tear.
Unofficially, it is about ticking boxes to make sure ERA has scoured all options in case this ends up at the Takeovers Panel or in court . ERA’s two big minority shareholders – Perth-based fund manager Packer & Co and family office Zentree Investments – together own the bulk of the rest of the shares and have been fighting Rio for years. It flares up whenever ERA returns to market with an equity raising.These investors, absent the Jabiluka option, have no reason to invest any more money.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX shares, Wesfarmers, WiseTech, Goodman: 10 darling stocks fund managers now hateIt’s always a battle to beat the index and passive flows, but the market has crowded into a narrow group of winners that now look expensive.
Source: FinancialReview - 🏆 2. / 90 Read more »
PDN ASX: Paradice’s Sam Theodore sees riches in these ASX uranium stocksThe former Blackrock hedge fund manager’s recent trip to Paladin’s flagship Namibia mine has made him more bullish on the controversial energy source.
Source: FinancialReview - 🏆 2. / 90 Read more »
Japanese stocks soar after massive sell-off shook global marketsJapan’s Nikkei 225 index surged nearly 11% in early trading with other Asia markets rebounding on Tuesday
Source: GuardianAus - 🏆 1. / 98 Read more »
ASX: BHP, CSL, ANZ, CBA and other stocks fund managers would buy in another routMore wild market swings are predicted in coming months by some experts. We asked fund managers where they see opportunity.
Source: FinancialReview - 🏆 2. / 90 Read more »
ASX outlook: Wall Street US stocks smash records to post its best week this yearEquities extended their advance into a seventh straight session, with the S&P 500 seeing its best performance in such a span since October 2022.
Source: FinancialReview - 🏆 2. / 90 Read more »
Firetrail’s Matthew Fist tips LGI and Channel Infrastructure as stocks about to take offFiretrail’s small-cap manager Matthew Fist explains why one business is set to triple in size, and reveals another with a “mouth-watering” dividend yield.
Source: FinancialReview - 🏆 2. / 90 Read more »