Russian leader Vladimir Putin said on Thursday that the naval upgrades would "drastically improve its combat potential."
Contributor via Getty Images
Russia's navy is set to receive more than 40 vessels this year, Vladimir Putin said on Thursday.
Putin says Russia's naval upgrades will "drastically improve its combat potential."
Russia's war against Ukraine has seen its navy weather significant losses.
Russia has been working hard to bolster its naval capabilities, the country's leader Vladimir Putin said on Thursday.
"A lot has been done in this area, as our navy is getting new ships," Putin said during a meeting on shipbuilding issues, according to Russian state media outlet TASS.
Russia's navy is set to receive more than 40 ships and boats this year, said Putin. This exceeds the 33 and 24 vessels it received in 2023 and 2022, respectively.
The boost in naval capacity, Putin said, is part of Russia's wider plans to "comprehensively upgrade the navy, including its ship, aircraft, and coastal components, as well as the infrastructure of bases."
He added that the upgrades to Russia's navy will "strengthen its positions in the strategically crucial areas of the world ocean" and "drastically improve its combat potential."
The move would certainly provide a boost to Russia's navy, which has weathered significant losses ever since the country invaded Ukraine in 2022.
In February, the head of the UK's armed forces, Adm. Sir Tony Radakin, said that 25% of Russia's vessels in the Black Sea had been "sunk or damaged" by Ukraine.
"Putin's continued illegal occupation of Ukraine is exacting a massive cost on Russia's Black Sea Fleet, which is now functionally inactive," UK defense secretary Grant Shapps said a month later.
Russia's defense ministry did not immediately respond to a request for comment from BI sent outside regular business hours.
The final distribution (or dividend) amount that investors in the Vanguard Australian Shares Index ETF (ASX: VAS) will receive was revealed to the market today.
Based on today’s exchange rate, that equates to about 101.49 cents per share.
If you want to receive the distribution, you have to buy the ASX VAS ETF before its ex-dividend date.
And that’s Monday, by the way.
Want the next ASX VAS dividend?
To receive the next dividend, investors must snap up some shares in the Vanguard Australian Shares Index ETF before the closing bell at 4pm EST today.
If you’re already an ASX VAS holder and want to reinvest your dividend automatically, you need to register for the dividend reinvestment plan (DRP) by 5pm EST on the record date, which is next Tuesday, 2 July.
What about other Vanguard ASX ETF dividends?
Vanguard has announced final distribution amounts for a variety of other ETFs besides the ASX VAS.
They include the Vanguard Msci Index International Shares ETF (ASX: VGS), which will pay 218.8902 US cents per unit. In Australian currency, this equates to 330.51 AU cents per share.
Vanguard Australian Shares High Yield ETF (ASX: VHY) will pay 77.94 US cents per share. This equates to 117.69 AU cents per share.
Vanguard Diversified High Growth Index ETF (ASX: VDHG) will pay 105.658 US cents per share. This equates to 159.51 AU cents per share.
Vanguard Ethically Conscious International Shares Index ETF (VESG) will pay 55.7949 US cents per share. This equates to 84.23 AU cents per share.
Vanguard Australian Government Bond Index ETF (ASX: VGB) will pay 44.2469 US cents per share. This equates to 66.8 AU cents per share.
All of these ETFs have the same ex-dividend date, record date, payment date and DRP deadline as the ASX VAS.
What is the ASX VAS?
The ASX VAS gives Australian investors exposure to the S&P/ASX 300 Index (ASX: VAS).
This provides access to heavyweight stocks such as Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), CSL Ltd (ASX: CSL), Wesfarmers Ltd (ASX: WES) and Goodman Group (ASX: GMG), along with some smaller companies ranked 201 to 300.
These include Nanosonics Ltd (ASX: NAN), Aussie Broadband Ltd (ASX: ABB), Credit Corp Group Limited (ASX: CCP) Temple & Webster Group Ltd (ASX: TPW) and PWR Holdings Ltd (ASX: PWH).
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Motley Fool contributor Bronwyn Allen has positions in BHP Group, CSL, Commonwealth Bank Of Australia, Goodman Group, Vanguard Australian Shares Index ETF, and Vanguard Diversified High Growth Index ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Aussie Broadband, CSL, Goodman Group, Nanosonics, PWR Holdings, Temple & Webster Group, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Nanosonics, PWR Holdings, and Wesfarmers. The Motley Fool Australia has recommended Aussie Broadband, CSL, Goodman Group, Temple & Webster Group, Vanguard Australian Shares High Yield ETF, and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Kevin Mazur/TAS24/Getty Images for TAS Rights Management
Taylor Swift's Eras Tour boosted hotel prices in Portugal, Spain, and Sweden but not France.
France's larger population and hotel capacity diluted the economic impact of Swift's concerts, analysts said.
Upcoming shows in smaller European countries may see higher accommodation prices and inflation.
Taylor Swift's Eras Tour has made it to five European countries so far. The sold-out shows have boosted accommodation prices everywhere except one country: France.
Among the four countries Swift toured in May, three saw an increase in month-on-month hotel prices this year compared to the last three years, according to a Monday report from BMI, an analytics subsidiary of Fitch Solutions.
Portugal, Spain, and Sweden's hotel prices in May increased several times' their 2021-2023 average. But France saw a drop in accommodation inflation. The researchers did not analyze this month's shows in the UK.
Researchers at BMI attributed the difference to France's larger population and greater hotel capacity compared with the other tour stops, which may dilute the impact of the American pop star's concerts.
The 290,000 people who attended the six shows split between Paris and Lyon only make up 0.43% of the French population.
"France regularly hosts large events and has a very well-developed tourism industry and airports, suggesting strong capacity to host large numbers of domestic and international arrivals," the researchers wrote in the note. The country is weeks away from the summer Olympics kickoff.
But upcoming Swift shows in the Netherlands, Ireland, Austria, and Switzerland all have the potential to boost prices, given that those countries' populations are all under 20 million, the report noted. Swift's current tour takes her to 51 shows across 18 European cities.
The Eras tour has had a massive economic impact on other countries. The concerts rally tens of thousands of fans who spend big on restaurants, lodging, and visiting local attractions. Some Swifties will travel hours — and across countries — to attend a concert.
In the US, where the singer performed 53 shows, about 600 concertgoers surveyed by QuestionPro said they spent $1,300, on average. Swift has been mentioned on companies' earnings calls to explain demand upticks and by the Philadelphia Federal Reserve, which highlighted post-pandemic record hotel demand from her stop.
MBI analysts looking at US data found that concertgoers can spend four times the gross costs of tickets, affecting inflation in local economies. In Chicago, Eras tour dates led to 96.8% hotel room occupancy, an all-time high for the city, per the BMI report.
"Our analysis and data shows that hotel prices in Milan are on average 45% higher for the nights of Taylor Swift's shows in the city in July 2024, compared to the weeks before and after the show," Ben Julius, the founder of a tourism company called Tourist Italy, told Business Insider.
Earlier this year, Singapore's government incentives of nearly $3 million per show to get Swift to perform in the city-state sparked controversy and led to inter-regional political debate.
This photo of the ISS' exterior was taken in June 2023.
NASA Johnson
US astronauts took shelter on the ISS after a Russian satellite broke up nearby, NASA said.
The satellite, RESURS-P1, was decommissioned in 2021 and recently created over 100 pieces of debris.
Space agencies have been trying to reduce space junk like this from decommissioned assets.
US astronauts on the International Space Station were told to take shelter for about an hour after a Russian satellite broke up nearby, according to authorities.
The National Aeronautics and Space Administration said on Thursday evening that American crews took cover in their spacecraft at about 9 p.m. Eastern Time due to the satellite break-up.
That's about 1 a.m. for the astronauts, who follow UTC time on the ISS.
NASA said its instructions were a "precautionary measure" and that crews were told an hour later they could resume their normal activities.
Meanwhile, US Space Command said the destroyed satellite was the Russian-owned RESURS-P1 decommissioned in 2021.
The satellite's collapse on Wednesday at about 4 p.m. UTC created "over 100 pieces of trackable debris," Space Command added.
"USSPACECOM has observed no immediate threats and is continuing to conduct routine conjunction assessments to support the safety and sustainability of the space domain," its statement said.
LeoLabs, a company that tracks space movements, wrote on X that it was tracking over 180 fragments drifting in orbit after the break.
"We expect this number to increase in the coming days. We are actively analyzing the debris cloud to characterize it, identify a potential cause, and estimate the impact," the firm wrote.
By LeoLabs' estimation, the RESURS-P1 was about 13,200 pounds and held a "nearly circular orbit" when it split.
The Russian satellite was an observation tool capturing high-resolution images that allowed the viewer to distinguish objects on Earth about 1 meter apart.
Russia's space agency, Roscosmos, said in January 2022 that the satellite had been inactive since late 2021 due to the failure of its onboard equipment after operating 3.5 years longer than expected.
Satellite breakups in low Earth orbit can often pose hazards to other satellites, spacecraft, or space stations because of the debris they release.
Space agencies have been working to reduce space junk in low Earth orbit as more satellites are decommissioned, primarily because the resulting debris raises the risk of spacecraft crashes.
The preferred way of disposing of a retired satellite is typically to send it further away from Earth, reducing the risk of interrupting space activities near the planet. Another way is to allow the satellite to fall into the atmosphere, where it will be burned.
"The Daily Show" host went live following the debate, where he poked fun at Biden's performance against his rival, former President Donald Trump, 78.
At one point in the debate, Biden misspoke while defending his accomplishments in healthcare policy, saying that his administration had "finally beat Medicare."
Trump quickly jumped on Biden's misstep: "Well, he's right. He did beat Medicare. He beat it to death, and he's destroying Medicare."
"Okay, a high-pressure situation. A lot of times, you can confuse saving Medicare with beating it," Stewart joked.
"I'm sure it's not something that repeated throughout the debate, causing Democrats across the country to either jump out of windows or vomit silently into the nearest recycling bin," he continued.
But Biden, Stewart said, also seemed to run into trouble during the debate even when it wasn't his turn to speak. Biden was seen grimacing, looking stunned, and with his mouth hanging open while Trump spoke — and Stewart highlighted that in a supercut he played on the show.
"A lot of people have resting 25th Amendment face," Stewart said, referencing the section in the constitution that establishes processes in case of a president's death.
"I'm not a political expert, but while Biden was preparing at Camp David for a week, did anyone mention he would also be on camera on a split screen?" he continued.
When Stewart returned to "The Daily Show" in February, his first monologue touched on Biden's and Trump's fitness for the Oval Office.
"These two candidates. They are both similarly challenged," Stewart said. "And it is not crazy to think that the oldest people in the history of the country to ever run for president might have some of these challenges."
Last month, Stewart told audiences at the "Netflix is a Joke Fest" that Biden is so old that he "shouldn't be president."
"I know you know how fucking old he is, and I know you don't want to say it because Trump is so scary, but he's so fucking old," Stewart said. "I'm not saying that Biden can't contribute to society, he just shouldn't be president."
Representatives for Biden and Trump did not immediately respond to requests for comment from BI sent outside regular business hours.
The first presidential debate on Thursday was a disastrous night for President Joe Biden.
Donald Trump fired off a number of lies and misleading statements about his record.
But Biden frequently stumbled with his words, doing little to allay concerns about his age.
Former President Donald Trump, 78, may have lied throughout the first presidential debate of the 2024 election, but the evening still may have provided a lift for his campaign as President Joe Biden, 81, struggled to find his footing during the debate.
Trump and Biden had their first face-off on Thursday evening, breaking with election norms by holding a debate months before voters head to the polls in November.
"Debates can be lost at any moment, but they can only be won in the first 20 minutes," Evan Siegfried, a former GOP strategist and crisis communications specialist, told Business Insider. "Unfortunately, Joe Biden lost all chances of winning."
In true Trump form, it didn't take long before he started spewing misleading or false information about his and his opponent's presidential records.
On the US economy, Trump said it was incomparable to history throughout his term. In reality, the pandemic brought in a major recession, and employment plummeted. Economic growth, even without factoring the impacts of COVID-19, has actually been stronger under the Biden Administration, according to The Associated Press.
On the US-Mexico border: Trump claimed that Biden will open the floodgates for immigrants. In reality, Biden has enacted restrictions on asylum applications and is on track to match the number of deportations Trump executed during his administration.
On foreign relations, Trump also lied about the US's trade deficit with China. "We have the largest deficit with China," he claimed. But the deficit has been at the lowest level since 2009, The New York Times reported.
CNN's fact-checker, Daniel Dale, estimated that Trump said false or misleading statements 30 times during the debate. Biden made misleading or false statements nine times by comparison.
But lying on the record has become expected behavior for Trump, and on Thursday evening he forcefully delivered.
For Biden, the debate could have been an opportunity to flex some of the strides he made during his administration, and in a few moments, he did — but not while convincing viewers that he's still fit for the job.
A constant narrative that has been swirling around Biden is that the 81-year-old political veteran is too frail for a second term, despite the president's insistence and the assurances from his White House doctor.
A report from Special Counsel Robert Hur in February said that Biden's memory and advanced age were reasons not to charge the president for his handling of classified documents.
As a result, a major onus was on Biden to prove that he's still mentally and physically fit for the job.
Throughout the Thursday debate, Biden's voice sounded raspy as the president struggled at moments to hold in a cough. He stumbled through his answers and rebuttals. In a few cases, his statements were incomprehensible.
"We finally beat Medicare", Biden said at one point. Trump, accordingly, pounced.
"His voice sounds terrible; he looks terrible," Siegfried, the ex-GOP strategist, told BI.
Even prominent Democrats agreed that Thursday was not Biden's night.
"I think there was a sense of shock, actually, on how he came out at the beginning of this debate," former senior Obama White House advisor David Axelrod said on CNN. "How his voice sounded — he seemed a little disoriented at the beginning of the debate. He did get stronger as the debate went on, but by that time, I think the panic had set in."
Still, the true impacts of Thursday's debate will be hard to determine since the event was held so far out from the election, Siegfried said.
"That's a question we can't answer because we've never had a debate this early," Siegfried told BI. "Remember, Obama stumbled in the Denver debate against Mitt Romney in 2012, and people started saying it's over, but, a few weeks later, he got right back up on the horse and showed that it was just a onetime thing. We're not going to have this until the next debate in September."
"It's going to be months of this narrative," he added. "And it's been a narrative that's been out there for the length of his presidency."
US President Joe Biden greets Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation (APEC) Leaders' week in Woodside, California on November 15, 2023.
BRENDAN SMIALOWSKI/AFP via Getty Images
Biden's debate performance on Thursday is earning him little praise in the US.
Both Trump and Biden are disliked in China, but people focused especially on the latter's demeanor.
On Weibo, he's being mocked for "looking like a robot" after people said he was barely blinking.
As the first presidential debate of 2024 wrapped up on Thursday evening, China started dunking President Joe Biden for his oratory style.
Neither presidential candidate is popular in China. Former President Donald Trump is often the subject of memes claiming he's secretly a Communist Party member trying to destroy the US from within.
But Biden has been taking the brunt of the jokes on Weibo, China's version of X. Minutes after the debate closed, a topic saying he was "looking like a robot and barely blinking" began picking up steam.
It didn't matter what either man said about the economy, veterans' affairs, or foreign policy — Chinese people just cared about how they looked and sounded.
"In today's first TV debate, Trump won," wrote the popular blogger Housha Moonlight. "It doesn't matter what the debate was about. The key is that with wit and flexibility, Trump successfully highlighted the old and dying appearance of the sleeping king."
"I'm worried that Deng Deng will die suddenly during this debate," another poster wrote, referring to a nickname for Biden.
To be sure, Weibo is a heavily moderated platform, but it can be useful for observing narratives and language that survive the scrutiny of censors.
A common criticism in China toward US democracy is how old its leaders are. Biden is 81 this year, while Trump is 78. Xi Jinping, the leader of China, is 71.
Indeed, the debate on Thursday prompted hundreds of posts and comments remarking on the ages of both candidates.
As the dust of the disastrous presidential debate settles, it might be one governor's time to shine.
Gov. Gavin Newsom's war room is probably considering how to make the best of it, a former GOP strategist says.
But Newsom reaffirmed his support for Biden, highlighting his commitment to the party.
If Gov. Gavin Newsom ever wanted to seriously consider a presidential bid, there might be no time like the present, one former GOP strategist says.
The high-stakes presidential debate between President Joe Biden and former President Donald Trump wrapped up on Thursday night, and it went horribly for Biden.
Evan Siegfried, a former GOP strategist and crisis communications specialist, told Business Insider shortly after the debate: "There will be others within the Democratic party who will quietly ask whether or not Biden should drop out."
And Siegfried thinks the people working for Gov. Gavin Newsom of California now be considering how to make the best of a bad situation.
He said that Newsom's people will be "smart enough, or at least cold-hearted enough to think, 'Okay, how can we get Newsom what he really wants — the presidency?"
Newsom might well be one of Biden's most viable replacements. At 56 years old, the governor of California — a state that, if it were its own nation, would be the fifth largest economy in the world — has positioned himself as a national voice on immigration and gun safety.
The governor has historically backed Biden and said he won't run in 2024.
In the summer of 2022, he told the White House that he was "all in" for Biden's reelection, per Politico.
He maintained this stance when he was asked the same question by the Associated Press in June 2023, saying that "not on God's green earth" would he dream of challenging Biden in the primaries.
Even during his well-publicized feud with Gov. Ron DeSantis of Florida, he appeared set on not running — even though he got plenty of airtime when they sparred on the Fox News debate stage while DeSantis was still angling for the GOP nomination.
However, when asked later in September whether he intends to run for the presidency, Newsom's answer wasn't an outright "no."
In an interview that aired on September 25, "60 Minutes" correspondent Cecilia Vega asked Newsom: "You may be termed out here, but does cleaning up the streets of California factor into a potential presidential run?"
He gave a non-committal answer and, when pressed again by Vega, said: "That was a — that was a never-ending response to your question."
Newsom holds the line
Post-presidential debate on Thursday, Newsom's maintained his staunch support for Biden.
When asked what he thought of the debate and whether he would reconsider a presidential bid, a representative of Newsom directed BI to his interview on MSNBC with host Alex Wagner.
When Wagner asked him whether Biden should step down, Newsom replied: "You don't turn your back because of one performance. What kind of party does that?"
Alex Wagner presses Gov. Gavin Newsom on questions about whether Biden should step down.
Newsom: “You don’t turn your back because of one performance. What kind of party does that?”
He added: "This president has delivered. We need to deliver for him at this moment."
Apart from Newsom, other candidates could replace Biden if he drops his reelection bid — including Vice President Kamala Harris, Gov. Gretchen Whitmer of Michigan, Sen. Amy Klobuchar of Minnesota, and more.
As for the current playing field, Trump emerged from Thursday night victorious and gloating.
"Tonight President Trump delivered the greatest debate performance and victory in history to the largest voter audience in history, making clear exactly how he will improve the lives of every American," his campaign spokespeople said in a statement to the press.
Representatives for Biden did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Unlike many ASX ETFs though, the Wide Moat ETF only pays out one dividend distribution a year. As such, it’s normally a much-watched event when we find out exactly how much MOAT investors are set to bag for the year just gone.
Well, today is the day for the 2024 financial year. We’ve just learned how much investors in the Wide Moat ETF are set to get paid. And boy, it’s a doozy this year.
So according to an ASX filing released this morning before market open, MOAT investors are set to enjoy an FY2024 payout of $9.73 for every MOAT unit owned.
At the current MOAT unit price of $124.42, this equates to a yield worth a whopping 7.82%. That’s an improvement on the $8.15 investors enjoyed this time last year. As well as a huge increase over the 98.11 cents per unit that was doled out back in 2022.
As the VanEck Wide Moat ETF holds no ASX shares, this dividend distribution won’t come with any franking credits attached.
So how is this ETF managing to pay out such a massive dividend? Particularly when most of its underlying holdings don’t have particularly large dividend yields?
How can the MOAT ETF afford this monster ASX dividend?
Well, an ETF can fund a dividend in two ways. The first is by passing on any dividend income it receives from its underlying holdings. Part of this $9.73 per share would be made up of this passed-through income.
But the other way is by banking profits resulting from the ETF’s periodic rebalancings.
The MOAT ETF works by allocating each of its holdings an equal weight in its portfolio. If a share grows in value and, as a result, occupies a larger position in MOAT’s portfolio, the ETF sells off the excess value and banks the profit. It’s clear that this has occurred frequently over MOAT’s FY 2024, resulting in the monstrous dividend its investors are set to enjoy.
But if anyone who doesn’t already own MOAT units wishes to receive this supersized dividend distribution, they’d better hurry. The VanEck Wide Moat ETF is scheduled to trade ex-dividend next Monday, 1 July.
That means today is the last day you can buy MOAT units with the rights to this dividend attached. From Monday onwards, buying MOAT units will probably be cheaper, as new investors will miss out on this monster payout.
For eligible investors, dividend payday will then roll around on 23 July next month.
Should you invest $1,000 in Vaneck Investments Limited – Vaneck Vectors Morningstar Wide Moat Etf right now?
Before you buy Vaneck Investments Limited – Vaneck Vectors Morningstar Wide Moat Etf shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Vaneck Investments Limited – Vaneck Vectors Morningstar Wide Moat Etf wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Sebastian Bowen has positions in VanEck Morningstar Wide Moat ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
If you’re looking for big returns and have a high tolerance for risk, then it could be worth checking out De Grey Mining Limited (ASX: DEG) shares.
That’s because analysts at Bell Potter believe the speculative ASX stock could be seriously undervalued at current levels.
What is this speculative ASX stock?
De Grey Mining is a Western Australia-based gold explorer and project development company.
It is currently focused on the 100% owned Hemi Gold Project in the Pilbara region. This is a large scale, high value, near surface gold discovery at an area called Hemi.
Management believes that the Hemi discovery is rapidly moving towards De Grey’s goal of defining a Tier 1 project with true district-scale potential. Mineralisation in the Hemi area has been identified over a large area and a 10.5 million ounce mineral resource was released last year. However, the discovery remains open in multiple directions. This could mean an even larger resource is unearthed in time.
What is the broker saying?
Bell Potter is feeling very positive about this speculative ASX stock. Particularly given how it has just secured a $1 billion senior debt facility. It believes this substantially reduces financing risks for Hemi Gold Project. It commented:
This proposed facility effectively satisfies the debt funding requirement for the construction of the HGP [Hemi Gold Project] and follows on last month’s equity raising of $600m (completed at an issue price of $1.10/sh) which has lifted DEG’s current cash position to >$850m. Together these funding sources put DEG in a strong financial position to construct the HGP, maintain an active Resource growth drilling program and provide a significant working capital buffer through project commissioning and ramp up. Project execution workstreams continue to indicate that there have been no material changes to the capital cost estimate outlined in the Definitive Feasibility Study (DFS) of September 2023.
Big returns
In response to the news, the broker has reaffirmed its speculative buy rating on the ASX gold stock with an improved price target of $1.82.
Based on its current share price of $1.14, this implies potential upside of 60% for investors over the next 12 months.
Commenting on its buy recommendation, Bell Potter concludes:
This is another key milestone and de-risking step for DEG. While formal documentation remains to be completed (expected in 2HCY24) and key permits for the HGP are yet to be obtained we do not foresee any reason for these not to be issued. Timing remains a risk, in our view, as we have recently observed permitting timelines becoming extended in WA.
Overall, however, we view this progress as consistent with the HGP advancing towards a final investment decision in 2HCY24, targeting production in 2HCY26. We also see a tactical aspect in DEG being in a stronger financial position to defend any takeover approaches, which we consider to be reasonably likely. With this update we lower our risk-adjustment discount to reflect the reduced financing risk and our valuation lifts 4%, to $1.82/sh. We retain our Speculative Buy recommendation.
Should you invest $1,000 in De Grey Mining Limited right now?
Before you buy De Grey Mining Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and De Grey Mining Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
