Articles On Apollo Consolidated (ASX:AOP)

This one has legs. Boom explorer Chalice Mining (ASX:CHN) is off and running after announcing the largest platinum group elements discovery ever in Australia yesterday. Its Gonneville deposit also came in as the largest nickel sulphide dis...

Ramelius Resources has tightened its grip on takeover target Apollo Consolidated after erstwhile rival bidder Gold Road Resources folded its shares into the mid-tier miner’s offer.

Highlights Gold Road has withdrawn its bid to acquire gold explorer, Apollo Consolidated Limited. Ramelius Resources has revised its bid to AU$0.34 cash per share and 0.1778 shares of RRL for each share of Apollo. Gold Resources is ho...

Gold Road Resources (GOR) won’t be adjusting its offer price for Apollo Consolidated (AOP) following an improved offer from Ramelius Resources (RMS) Originally GOR put forward a bid to take over all the shares in Apollo for 56 cents each w...

Apollo Consolidated (ASX:AOP) shareholders hoping for a takeover battle between suitors Gold Road Resources (ASX:GOR) and Ramelius Resources (ASX:RMS) are set to be disappointed. The game of oneupmanship lasted just a couple rounds as Gold...

Gold Road Resources says it won’t lift its 56c-a-share offer for Apollo Consolidated despite the target’s board recommending in favour of a rival bid from Ramelius Resources.

Highlights The ASX 200 index rose 0.24% or 17.8 points to 7472.1 in early trade. Gold miners were among the best performers from the ASX 200 list in early trade, owing to the precious metal’s price jump. The Energy sector is the top p...

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

What happened to the most talked about metals and minerals in October? Investor sentiment for commodities went ballistic, almost across the board. Copper was back in vogue, rising above US$10,000/t for the first time since May. The close of...

Highlights Shares of Charter Hall Social Infrastructure REIT ended 1.6% lower. Seven West Media surged as much as 21% on deal with Prime Media Group. Westpac shares tumbled over 7% after its annual cash profit failed to meet estimate...

Ramelius Resources (RMS) is offering to buy up Apollo Consolidated (AOP) for an increased price of 62 cents per share The offer is higher than Gold Road Resources’ bid of 56 cents per share and gives Apollo an estimated value of $181 milli...

Highlights The ASX 200 opened higher and rose 0.6% by the mid-session on Monday. Nine of the 11 sectors traded in red, barring financial and materials. Orocobre, Janus Henderson, and Blackmores were among top gainers on the ASX. Gold...

Ramelius Resources has won the support of Apollo Consolidated’s board in its battle with Gold Road Resources for control of the gold explorer.

Two of the gold sector’s most absorbing takeover battles are hitting a crescendo today, with Westgold Resources’ (ASX:WGX) bid to upend Gascoyne Resources’ (ASX:GCY) merger with Firefly (ASX:FFR) hanging over a key court hearing and Rameliu...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Westgold Resources (ASX:WGX) appears to have secured the support of Gascoyne Resources’ (ASX:GCY) biggest shareholder despite losing a last minute bid with the Takeovers Panel to delay a meeting key to its offer. Gascoyne, which plans to me...

ShareCafeResource Nuggets: GOR, MIN, PLS, OSH Plenty of news from the mining and resources sector on Tuesday, here are the details. ………… More cheese, sorry gold ore, at the Gruyere mine in WA of Gold Road Resources? The $1.2 billion miner G...

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

The Apollo Consolidated Ltd (ASX: AOP) share price has rocketed into the green today, currently trading more than 10% higher at 58.5 cents apiece. That’s an all-time high for the West Australian gold and minerals explorer, which has been...

The Gold Road Resources Ltd (ASX: GOR) share price has struggled this week, coming off a previous high of $1.405 last week. However, Gold Road shares have moved into the green today, and are now changing hands at $1.34 each. That’s a 0.37...

Gold Road Resources has emerged with a strategic 19.9 per cent stake in Apollo Consolidated and trumped an agreed tie-up with Ramelius Resources.

Highlights  Senex Energy jumped nearly 16% on receiving a takeover bid. Aristocrat Leisure shares entered trading halt following an acquisition announcement. Ramelius Resources shares dipped 5.5% on acquisition news. GPT Group shares...

The ASX saw a frenzy of M&A deals today and it sent the market higher. Companies completing deals included Ramelius Resources (ASX:RMS) buying Apollo Consolidated (ASX:AOP) and Class (ASX:CL1) being acquired by Hub24 (ASX:HUB) along wit...

A third day of gains lifted the ASX to its highest close in three weeks, powered by the banking and mining juggernauts. The S&P/ASX 200 trimmed its advance after a mid-session report showed the Chinese economy and factory output slow...

The Ramelius Resources Ltd [ASX:RMS] shares are down today after making a takeover offer to buy Apollo Consolidated Ltd [ASX:AOP]. Ramelius is an ASX-listed gold producer that owns and operates several assets in Western Australia including...

Highlights The ASX 200 was up 0.4% by lunchtime, boosted by mergers and acquisitions news. Seven of the 11 sectors traded in green, led by energy, financial and materials. Metal and mining companies, OZ Minerals, Orocobre and Nickel M...

Australian shares climbed for a third day ahead of a lunchtime economic update from trading partner China. The S&P/ASX 200 overcame a mid-morning wobble to reach mid-session 25 points or 0.35 per cent ahead. Gains in the heavyweig...

What a time it is to be in base metals, with depleting stocks in metals warehouses and smelter shutdowns in energy starved Europe and China propelling prices to record levels. Is it a short-term phenomenon or a harbinger of what’s to come?...

Ramelius Resources (RMS) makes an offer to purchase WA gold and copper explorer Apollo Consolidated (AOP) The company is looking at purchasing all Apollo’s shares in a deal that will put Apollo’s enterprise value at $128 million Under the...

Highlights The benchmark ASX 200 index was up 23.3 points or 0.3% to 7,385.3. The Dow Jones marked its biggest weekly percentage gain on Friday since June 2021, rising 1.09% to 35,294.76. A heavy fall in gold prices led gold miners to...

ShareCafeAustralia… One Hour In… ASX200 down 4 ASX200 down 4 points to 7358.   Audinate (-7%); 1Q revenue +46% on pcp but 2H revenue to be affected by Component shortage Aristocrat (TH); $1.5bn Capital raising.   Has made a recommended off...

Mid-tier miner has struck a friendly $163 million takeover deal for Apollo Consolidated, which will give it control of the junior’s 1.1Moz Lake Rebecca project.

ASX-listed Ramelius Resources is going for gold at Apollo Consolidated, as a new wave of M&A is set to sweep through Western Australia’s goldfields. 

It’s been a mixed week for the ASX but it has finished on a high. The ASX 200 closed 0.69% higher than yesterday, closing at 7,362 which marked a 3 week high but is still 3.5% above the all time high reached in mid-August. Travel stocks gai...

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

ShareCafeA million ounce reserve with a very large cash balance Nick Castleden – Managing Director – Apollo Consolidated is a gold exploration company based in Perth, with its exploration focus being in the Eastern Goldfield of Western Aus...

ShareCafeWebinar Recap – PFG, ZEO, AOP & WWI Catch up on the full webinar with presentations from Prime Financial Group (ASX: PFG), Zeotech (ASX: ZEO), Apollo Consolidated  (ASX: AOP) & West Wits Mining (ASX: WWI) Webinar Recap –...

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Apollo Consolidated was full of praise for its Rebecca gold project in the company’s Diggers & Dealers Mining Forum presentation yesterday, after releasing a series of very strong results this week.

Fortescue Metals Group (ASX:FMG) CEO Elizabeth Gaines predicts steel production in China will not drop below 2020 levels despite talk of production cuts in the steelmaking powerhouse. She told delegates at the Diggers and Dealers Mining For...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...