Browsing Tag
Mt Holland
2 posts
Meeka Metals (ASX: MEK) raises A$40m for underground gold expansion as shares fall 25.9%
Meeka Metals Limited has secured a A$40 million institutional placement to accelerate Turnberry underground development, complete Mt Holland acquisition payments and expand drilling, but the deeply discounted financing erased almost A$147 million of market value.
Wesfarmers (ASX: WES) FY26 profit rises 8.3%, but debt and cost pressures weigh on WES
Wesfarmers delivered higher underlying profit and another dividend increase in FY26, powered by Bunnings, Kmart Group and Wesfarmers Chemicals, Energy and Fertilisers. Investors nevertheless marked the shares sharply lower as rising debt, softer cash conversion and FY27 cost pressures complicated an otherwise resilient result.