ASX share Ideas
Galaxy Resources Ltd (GXY) Lands $371m Cash Windfall
Lithium producer Galaxy Resources Limited (ASX:GXY) has entered into a $US280 million ($371 million) land sale to Korea’s POSCO.
May 28, 2018
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Lithium producer Galaxy Resources Limited (ASX:GXY) has entered into a $US280 million ($371 million) land sale to Korea’s POSCO.
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a negative open on Tuesday morning with Galaxy Resources Limited (ASX:GXY) and Orion Health Group Ltd (ASX:OHE) in the news.
Fortescue Metals Group Limited (ASX:FMG) announced that its board has approved the development of the West Australian Eliwana mine and rail project, estimated to cost $US1.275 billion.
Oil prices have fallen 4.8% to $US67.30 a barrel, according to data from Yahoo! Finance.
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a negative open on Monday morning with oil prices, Fortescue Metals Group Limited (ASX:FMG) and Fisher & Paykel Healthcare Corp Ltd (ASX:FPH) in the news.
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a slightly negative open on Friday morning with Sandfire Resources NL (ASX:SFR) and Spark New Zealand Ltd (ASX:SPK) in the news.
Making news in Australia today, gambling business Aristocrat Leisure Limited (ASX:ALL) released its half-year report for the period to 31 March 2018.
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a slightly negative open on Thursday morning with Aristocrat Leisure Limited (ASX:ALL) and Reliance Worldwide Corporation Ltd (ASX:RWC) in the news.
Australian Agricultural Company (ASX:AAC)(AACo) shareholders will have to stomach a full-year loss despite $379.7 million in beef and cattle sales.
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