The Crown Resorts Ltd (ASX: CWN) share price is down today amid reports of an increasing chance of the company losing its Melbourne casino licence.

Counsel assisting the Victorian royal commission into the James Packer-backed group, Adrian Finanzio, said in his closing statement Crown’s suitability to run the Melbourne casino is “far from guaranteed”.

However, some analysts are reportedly placing their bets on Crown not losing its licence. Rather, they expect it will undergo a substantial and continuously monitored reform period.

The gaming giant will have its fate handed down by Commissioner Ray Finkelstein in October.

Right now, the Crown share price is $10.25 – 0.24% lower than its previous close.

Let’s take a look at analysts’ predictions on Crown’s future.

What do analysts think of Crown’s future?

The Crown share price is dipping as analysts cast doubt on the likelihood of the group losing its licence.

Analyst from JP Morgan, Don Carducci, told the Australian Financial Review (AFR) he believes Crown will walk away from the royal commission with its licence intact.

He echoed one suggestion put forward by Finanzio in which Crown enters what could be a 2-year reform period in an attempt to save its licence. Carducci was quoted as saying:

We could understand increased operational oversight of Crown with a reform program and increased monitoring during that transition period.

Fitch ratings analyst Kelly Amato agreed, telling the AFR Crown needs to undergo a reform if it has any chance of keeping its licence.

However, Goldman Sachs analyst Desmond Tsao spoke of potential mergers or acquisitions.

Crown’s rival Star Entertainment Group Ltd (ASX: SGR) and Blackstone Group Inc (NYSE: BX) have both put merger offers on the table this year.

Blackstone’s offer to buy all of Crown’s shares for $12.35 apiece was rejected by Crown in May.

Star also put forward a merger offer, offering to exchange each of Crown’s shares for 2.68 shares in Star. At the time, Star’s offer valued Crown’s shares at more than $14 apiece.

Crown share price snapshot

Considering the challenges Crown has faced in 2021, its share price is holding up well.

Right now, shares in Crown are 3.5% higher than they were at the start of the year. They’ve also gained around 11% since this time last year.

The company has a market capitalisation of around $6.9 billion, with approximately 677 million shares outstanding.

The post Crown (ASX:CWN) share price dips, analysts doubt licence will be revoked appeared first on The Motley Fool Australia.

More reading

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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 Bruce Jackson.

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The Lynas Rare Earths Ltd (ASX: LYC) share price is soaring, up 7.65% in afternoon trade.

Below we take a look at what’s driving investor interest in the ASX rare earths explorer.

What did Lynas report today?

The Lynas share price is rocketing after the company reported it had received a $14.8 million grant from the Australian government’s Modern Manufacturing Initiative.

Lynas received the grant after passing through the selection process, which makes up part of the first round of the Modern Manufacturing Initiative’s Manufacturing Translation Stream for Resources Technology and Critical Minerals Processing.

Via the grants, the government is working to facilitate converting valuable research into commercially viable outcomes.

The company expects the grant to cover roughly half the costs of implementing and commercialising its “industry-first rare earth carbonate refining process”, which was developed by its own research team.

It said tests at bench scale had demonstrated that the process effectively produced higher purity rare earth carbonate, which can feed its Lynas Malaysia plant and its proposed United States rare earth processing facility.

Lynas will install the new process during construction of its $500 million Kalgoorlie Rare Earth Processing Facility project.

Commenting on the grant, Amanda Lacaze, Lynas’ CEO said:

We’re excited to bring this world-first Rare Earth carbonate refining process to Kalgoorlie with the support of the Australian government. Its commercialisation is the culmination of significant research and development by our inhouse team.

In keeping with our commitment to the efficient use of industry capital, this process has been designed to treat our own Mt Weld concentrate and concentrate from 3rd party feedstock as other projects come on line in the future.

Lynas share price snapshot

ASX rare earths shares have broadly had a strong year, as the world looks to diversify supply away from China, which produces some 80% of the annual global supply of rare earths.

The Lynas share price has been on a tear over the past 12 months, up a whopping 205%. By comparison the S&P/ASX 200 Index (ASX: XJO) has gained 21% over that same time.

Year-to-date the Lynas share price has continued to outperform, up 52% so far in 2021.

The post Here’s why the Lynas (ASX:LYC) share price is soaring 8% today appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain. The benchmark index is currently up 0.7% to 7,362 points.

Here’s what is happening on the ASX 200 today:

Zip update disappoints

The Zip Co Ltd (ASX: Z1P) share price is sinking on Thursday following the release of its fourth quarter update. For the three months ended 30 June, the buy now pay later provider reported a 116% year on year increase in quarterly total transaction volume (TTV) to $1.8 billion and a 104% increase in quarterly revenue to $129.9 million. While its revenue growth was strong versus the prior corresponding period, it was only up 13% since the end of March. Investors may be concerned that the days of doubling its revenue will soon be over.

Lithium miners shine on ASX 200

The Galaxy Resources Limited (ASX: GXY) share price and the Orocobre Limited (ASX: ORE) share price are both rocketing higher on Thursday. This follows a positive response to their respective quarterly updates. You can read about Galaxy’s here and Orocobre’s here. These lithium miners are expected to complete their merger in the coming weeks.

BHP signs deal with Tesla

The BHP Group Ltd (ASX: BHP) share price has been a strong performer today. Investors have been buying the mining giant’s shares after it announced the signing of a nickel supply agreement with Tesla. BHP will supply Tesla with nickel from its Nickel West asset in Western Australia, one of the most sustainable and lowest carbon emission nickel producers in the world.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Orocobre share price with a 10% gain. This follows its quarterly update. The worst performer on the ASX 200 has been the Zip share price with a 6% decline following the release of its fourth quarter update.

The post ASX 200 midday update: Zip update disappoints, BHP signs Tesla deal appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. 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 Bruce Jackson.

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The Orocobre Ltd (ASX: ORE) share price has touched a new record high on Thursday after the company announced its June quarterly results.

At the time of writing, the Orocobre share price is rocketing 11% higher to fresh new territory at $7.73.

Orocobre share price surges after upbeat results

Investors are bidding up the Orocobre share price this morning after the company delivered a solid set of results, validating the narrative of an improving lithium market.

In the June quarter, Orocobre produced 3,330 tonnes with 66% of production being battery grade lithium carbonate. This figure represents a 31% increase on the prior corresponding period (pcp) and a 2% increase on the previous quarter.

Orocobre reported sales volume of 2,549 tonnes, up 59% on pcp but down 16% on a quarter-on-quarter (QoQ) basis. The company said this was due to global shipping delays and “the requirement to hold additional stock in Japan to guarantee smooth delivery into the Prime Planet Energy and Solutions (PPES) contract”.

Lithium prices continued to improve during the quarter, with sales revenue of US$21.6 million, up 22% QoQ.

The company cited that average realised price was up 45% QoQ to US$8,476/tonnes free on board (FOB), which excludes insurance and freight charges.

Encouragingly, Orocobre highlighted that prices have now increased by nearly 170% over the last nine months.

From a cost perspective, cash costs edged 5% higher to US$4,105/tonne on pcp.

Looking ahead, Orocobre said it would allocate a proportion of sales in the upcoming half into contracts that were agreed in December 2020.

Orocobre forecast the average price for its lithium carbonate would reflect improved market conditions, but would be partially offset by laggard pricing from December 2020 contracts.

The company expects the overall price for the December half to be approximately US$9,000/tonne FOB, subject to shipping and delivery schedules.

Orocobre growth plans

Orocobre plans to meet surging lithium demand through the stage 2 expansion of its Olaroz lithium facility.

In today’s announcement, the company said stage 2 was expected to be complete in the first half of CY22 with production to follow in the second half.

By the second half of CY24, it anticipates production to reach full capacity of 25,000 tonnes per annum of primary grade lithium carbonate.

Looking even further ahead, the company is undergoing a scoping study into a stage 3 expansion at Olaroz.

Orocobre also hinted at discussions with Toyota Tsusho Corporation about “an expansion of lithium hydroxide production to meet forecast growth in demand”.

About the Orocobre share price

2021 has been a stellar year for the lithium sector, with the Orocobre share price surging 65% year-to-date.

The Orocobre share price has today surpassed its 2018 highs of $7.45, reached before the lithium market crashed due to oversupply.

The post The Orocobre (ASX:ORE) share price hits record high today. Here’s why appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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 Bruce Jackson.

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The Qantas Airways Limited (ASX: QAN) share price is on watch today after CEO Alan Joyce warned that employees could be stood down if lockdowns are extended.

In morning trading, the Qantas share price was up 1.55% to $4.60 and the S&P/ASX 200 Index (ASX: XJO) was up 0.84%.

The Australian is reporting that Joyce sent a company-wide email warning stand downs remain a real possibility if the Sydney and Melbourne COVID lockdowns drag on for longer than anticipated.

Let’s take a closer look.

Qantas facing strong headwinds

Motley Fool Australia has previously reported on the devastating effects that lockdowns and border restrictions have had on the Qantas share price.

When the New South Wales Government extended the Sydney lockdown beyond the initial 2 weeks, travel shares fell while the market as a whole was up.

Similarly, when Victoria went into lockdown travel shares fell on the news.

In today’s report, Joyce warns that while the company is holding up well for now, an extension of lockdowns would be a financial disaster.

Joyce is quoted as saying:

“We’re not at the point of requiring stand-downs in our domestic operations at this stage. But to be honest, we can’t rule it out if multiple states keep their borders closed for extended periods.”

The CEO, however, was positive in his email to staff.

“…unlike last winter there’s now a Covid vaccine rolling out.

That means this cycle of restrictions and lockdowns will break. In other words, there is an end point to all of this and it’s not far away.”

Unlike last winter, however, Qantas will not receive any JobKeeper payments from the federal government. The program ended in March this year and Prime Minister Scott Morrison has repeatedly refused to bring it back.

Qantas share price snapshot

Over the past 12 months, the Qantas share price has increased 25.34%.

On the first trading day in 2020, before the coronavirus hit, Qantas shares were selling for $7.19.

The current 52-week high for the company is $5.79.

Therefore, on its best day over the past year, the Qantas share price is still 19.47% below where it was pre-pandemic.

Qantas has a market capitalisation of about $8.5 billion.

The post Qantas (ASX:QAN) share price on watch as CEO warns lockdowns could cost jobs appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The PayGroup Ltd (ASX: PYG) share price is on fire today. At the time of writing, PayGroup shares are up a very healthy 8.16% to 53 cents a share. That comes after this payments company closed at 49 cents a share yesterday, and opened at 52 cents this morning.

The S&P/ASX 200 Index (ASX: XJO) is also having a pretty decent day today, up 0.7% so far today to 7,360 points. But PayGroup is certainly delivering some very impressive outperformance today. So why is this company hitting its stride so enthusiastically?

Well, it’s almost certainly due to the market update the company released to investors this morning.

This was a quarterly business update, as well as revised guidance for the 2022 financial year (FY2022). Let’s dive in.

Quarterly results, guidance update

So PayGroup reported that the quarter ending 30 June 2021 saw PayGroup record $4.6 million in new contracts, a 53% increase over the prior corresponding period. 28% of these new contracts came from PayGroup’s Global Partner Program, which is a “significant increase” on previous quarters”. Additionally, the company saw a 12% increase in annualised payslips from 6 million at the start of the quarter to 6.7 million by the end.

PayGroup also reported that as of 30 June, the company’s cash balance stood at $12.5 million, with no debts. According to PayGroup, this makes the company “well positioned to capitalise on growth initiatives”.

But let’s talk about PayGroup’s FY2022 guidance. So PyaGroup expects to receive between $35 million and $37 million in annualised recurring revenue (ARR) for FY2022. This is an increase of 29-36% from the company’s ARR of $27.2 million that it recorded at the conclusion of FY21.

Here’s some of what Mark Samlal, founder and managing director of PayGroup, had to say in today’s announcement:

FY22 will be a significant year for PayGroup. The guidance we announce today highlights the exciting
growth profile of the business and our ability to consistently execute on our proven strategy. With the
platform now in place and our technology roadmap underway, we are focused on extracting the significant
embedded value across the Group in the interest of long-term shareholder value creation.

About the PayGroup share price

Although PayGroup shares are up more than 8% today, PayGroup is still down around 14.5% year to date in 2021 so far, and down more than 29% over the past 12 months. It also remains down 30.3% since its IPO back in 2018.

At the current share price, PayGroup has a market capitalisation of $56.35 million.

The post Why the PayGroup (ASX:PYG) share price is up 8% on Thursday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 Bruce Jackson.

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Damstra Holdings Ltd (ASX: DTC) shares are soaring after the company released its latest quarterly activity report and results. Right now, the Damstra share price is trading at 90 cents – 13.21% higher than yesterday’s closing price.

In its results, the software-as-a-service provider noted record cash receipts and a record earnings before interest, tax, depreciation, and amortisation (EBITDA) margin.

Let’s take a closer look at the company’s latest results.

The quarter that’s been

Investors are driving the Damstra share price higher after the company reported cash receipts totalling $10 million and $9.1 million in revenue over the quarter ended 30 June 2021. Both figures are record-breaking for Damstra.

The company’s annual recurring revenue reached $35 million over the quarter – 65% more than the prior corresponding quarter.

Damstra’s EBITDA margin for the quarter was 30%, another record figure.

The period also saw Damstra gain a new $20 million debt facility, 55 new clients, and 74% more active users.

The company is seeing strong uptake of its highest priced product, Damstra Digital Forms. It’s also trialling its satellite offering, which allows remote workers communication coverage.

Additionally, Damstra has partnered with Amazon Web Services and its global mining team. The partnership helped it to build Damstra’s Enterprise Protection Platform.

Finally, the company signed a multi-year contract extension with NBN Co Limited. Damstra expects the deal will bring in around $7 million.

Commentary from management

CEO Christian Damstra commented on the news driving the company’s share price today, saying:

In [the fourth quarter] we continued to see material increases in users across all of our product modules and delivered increased value to our customers through constant product innovation. We remain in productive contractual negotiations with several potentially material clients in the United Kingdom and North America… each with more than 10,000 users and look forward to providing updates on the outcomes of these negotiations during the next quarter…

Looking ahead, we are close to finalising a number of material commercial opportunities that are expected to underpin our accelerated growth, including some international contracts we expected to sign this quarter which we now hope to sign in [financial year 2022].

Damstra share price snapshot

The Damstra share price has been having a rough trot on the ASX lately.

Right now, it’s around 42% lower than it was at the start of 2021. It has also fallen by more than 49% over the past 12 months.

The company has a market capitalisation of around $144 million, with approximately 186 million shares outstanding.

The post Here’s why the Damstra (ASX:DTC) share price is gaining 13% today appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Amazon and Damstra Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool Australia owns shares of and has recommended Damstra Holdings Ltd. The Motley Fool Australia has recommended Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Kogan.com Ltd (ASX: KGN) share price is lower today. The negative price movement comes as the Australian Competition and Consumer Commission (ACCC) examines the practices of online marketplaces such as Kogan.

At the time of writing, shares in the online retailer are trading for $11.42 – down 1.17%. The S&P/ASX 200 Index (ASX: XJO) is currently 0.87% higher.

Let’s take a closer look at today’s news.

Kogan in ACCC crosshairs

The ACCC says it will look into the “pricing practices, the use of data, the terms and conditions imposed on third-party sellers,” of places like Kogan, as well as the Amazon.com, Inc (NASDAQ: AMZN) and eBay Inc (NASDAQ: EBAY) Australian branches.

It will also look into consumer-focused issues, such as the ability of consumers to leave reviews, the complaints handling process, and the usage and storage of data.

Investors may not be keen on the oversight Kogan is facing, and it reflects in the Kogan share price.

“These online marketplaces are an important and growing segment of the economy, so it is important that we understand how online marketplaces operate and whether they are working effectively for consumers and businesses,” ACCC Chair Rod Sims said.

“But we would expect the marketplace to operate fairly for businesses and consumers alike and comply with consumer laws and competition laws.”

In March 2019, Kogan launched ‘Kogan Marketplace’. It’s a platform for third-party sellers to list their goods on sale at Kogan. It had gross sales of $1.1 billion in 2021.

Online shopping saw a huge surge in demand as COVID forced people to stay home. Online purchases grew by 57% in 2020 year-on-year, and Australians spent a record $50.5 billion online in 2020. Non-food online sales accounted for 14.2 per cent of total non-food sales in May 2021, up from 10.9 per cent in February 2020.

Kogan has previously been in trouble with the ACCC. The government agency took Kogan to court, alleging it had mislead consumers about a discount promotion. The company was ordered to pay a fine of $350,000 for the affair.

Motley Fool Australia reached out to Kogan for comment, but none was received before publication.

Kogan share price snapshot

Over the past 12 months, the Kogan share price has fallen about 35%. That equates to a 55-point difference between the company and the ASX 200 – and not in Kogan’s favour.

Since the beginning of the year, however, the Kogan share price has increased by roughly 10%.

Kogan.com has a market capitalisation of $1.2 billion.

The post Kogan (ASX:KGN) share price falls as ACCC launches inquiry appeared first on The Motley Fool Australia.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Amazon and Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended eBay and has recommended the following options: long January 2022 $1,920 calls on Amazon, short January 2022 $1,940 calls on Amazon, and short October 2021 $70 calls on eBay. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Newcrest Mining Ltd (ASX: NCM) share price is slipping in morning trade, down 1%.

Below we look at the ASX gold and mineral producer’s quarterly report for the 3 months ending 30 June.

What quarterly update did Newcrest report?

Newcrest’s share price is slipping despite the company reporting that strong fourth quarter results enabled it to deliver on its production and cost guidance for the full 2021 financial year.

Gold production came in at 542,000 ounces, up 6% on the previous quarter. The company credited the strong performance of its Cadia and Telfer mines for the increase. Its Lihir mine saw production fall by 4%, with some unplanned downtime in the autoclaves and lower head grade, as well as recovery rates dragging on output.

Newcrest also reported 38,000 tonnes of copper production for the quarter.

Higher copper prices along with increased copper and gold sales volumes at several of its mines helped drive down the All-In Sustaining Cost (AISC) to $797 per ounce in the June quarter, $96 per ounce lower than the prior quarter.

The AISC margin (what Newcrest sells the gold for minus what it costs to produce it) came it at 55% for the June quarter, or $984 per ounce.

The company achieved this despite increased cost for treatment, refining and transportation, and royalties.

For the full 2021 financial year, Newcrest reported an AISC of $905 per ounce, which works out to an AISC margin of 49%, or $884 per ounce.

Newcrest had forecast gold production for FY21 to come in 1,950,000 ounces and 2,150,000 ounces. With the strong quarter, it’s met guidance with FY21 production of 2,093,322 ounces of gold produced. This was down from the 2,171,118 ounces of gold produced in FY20.

Commenting on the update and the company’s growth outlook, Newcrest’s CEO, Sandeep Biswas said:

We have made significant progress advancing our multiple organic gold and copper growth options during the quarter. At Red Chris and Havieron we commenced decline development works which are the critical path to reaching commercial production. We are also on track to release the outcomes of several of our exciting growth studies through the remainder of the calendar year which we believe will help articulate the future potential of our business.

Newcrest also noted it’s pursuing its goal of net zero carbon emissions by 2050, and its record as an industry leader in low injury rates.

Newcrest share price snapshot

With the price of gold down 12% in the past year, Newcrest’s share price has struggled, currently down 24% over past 12 months. By comparison the S&P/ASX 200 Index (ASX: XJO) is up 21% in that same time.

Year-to-date the Newcrest share price is down 4%.

The post Newcrest (ASX:NCM) share price slides on quarterly update appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The R3D Resources Limited (ASX: R3D) share price might be catching the eye of investors on Thursday.

The former investor relations company’s shares appear to be up 250% to 19 cents in late morning trade.

What’s actually happening with the R3D Resources share price?

The R3D Resources share price hit the ASX boards this morning following the successful completion of the reverse takeover of Tartana Resources.

It listed on the ASX boards today after raising $4.25 million at $0.20 per share.

As a result, the R3D Resources share price is actually trading 5% lower today and not 250% higher.

What is Tartana Resources?

Tartana Resources is a company which was established in 2007 with a portfolio of copper-gold exploration and mining assets in the Chillagoe Region in North Queensland.

Management notes that the objective of the acquisition is to grow R3D Resources into a significant copper-zinc producer through exploring and developing these assets.

This is quite the transition for R3D Resources. Until very recently, the company was an Australian-based investor relations company listed on the ASX under the name of R3D Global. It was delisted last year after a long period of underperformance and COVID-19 disruption.

It explained: “R3D’s existing businesses have been dramatically curtailed with the advent of the Covid-19 pandemic and continue to retain an uncertain outlook. Accordingly, the Company’s directors have determined that it is in the best interests of the Company that it diversifies its operations through the acquisition of Tartana Resources, providing an alternate business opportunity to benefit the Company’s shareholders.”

Upon listing today, the company’s Managing Director, Dr Stephen Bartrop, said: “We look forward to recommencing exploration activities shortly. Our projects are first class, and we thank the existing and new shareholders for their support. We look forward to the journey ahead.”

Shareholders will no doubt be hoping the company fares much better as a mining company than it did as an investor relations company.

The post Is the R3D Resources (ASX:R3D) share price really up 250% today? appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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