• Kalamazoo (ASX:KZR) share price jumps on Victorian gold drilling

    A happy miner tips his hard hat, indicating good ashare price results for ASX mining stocks

    The Kalamazoo Resources Ltd (ASX: KZR) share price is surging today after the company announced it has started gold drilling in the rural Victorian region of Muckleford.

    The Kalamazoo share price has jumped by 7% to 45 cents per share at the time of writing.

    Kalamazoo is a gold and copper explorer and developer, which traditionally has focused on exploring and developing gold projects in Western Australia.

    However, after success in its Castlemaine gold drilling projects in Victoria, it’s expanded into the Muckleford region.

    What Kalamazoo’s drilling update means

    In today’s release, Kalamazoo advised that on 1 April, it started general reverse circulation (RC) drilling down to 4,000 metres at 4 prospects in the South Muckleford area. These are located at Fentiman’s Reef, Smith’s Reef and Charcoal Gully. 

    The gold miner considers these prospects high priority drill targets. They were recently identified to contain highly prospective epizonal gold-antimony mineralisation which is closely analogous to that of the nearby Fosterville and Costerfield deposits in Central Victoria.

    Epizonal systems can develop extremely high-grade, free gold deposits.

    Kalamazoo has also completed detailed airborne surveys over the regions it’s now drilling, which it believes will aid the process. It has also been conducting 3D modelling to enhance its planning.

    Can regional Victoria provide another gold region?

    Kalamazoo believes the South Muckleford project area is vastly under-explored by modern drilling standards. It says it hasn’t been subjected to any systematic modern exploration techniques and only very limited shallow drilling. 

    This RC drilling program is part of an extensive exploration work program undertaken by Kalamazoo aimed at advancing the significant potential of this broad epizonal gold-antimony mineralised system.

    Kalamazoo believes that the drilling targets are favourably located in the hanging-wall position of the major regional-scale, north-south trending Muckleford Fault.

    This is considered a key deep-tapping conduit for gold mineralising fluids and could potentially provide the company with strong free gold drilling results.

    Kalamazoo share price snapshot

    Kalamazoo spent most its early ASX listing hovering around the 10 cents per share mark until a 40 cent price jump in January 2019. It reached a high of 80 cents in July last year but has since fallen to its current price.

    The Kalamazoo share price is down 24% in 2021 so far and 44 cents against the basic materials sector.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor Lucas Radbourne-Pugh 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.

    The post Kalamazoo (ASX:KZR) share price jumps on Victorian gold drilling appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3cYYjzB

  • Bitcoin’s price is down 8% from February’s highs. Is it time to buy the dip?

    bitcoin image with blue and orange circle

    The Bitcoin (CRYPTO: BTC) price is down 2.3% over the past 24 hours. One Bitcoin is currently worth US$56,612 (AU$74,489).

    Bitcoin is still up 95% so far in 2021 but has now retraced 8% from the US$61,556 it reached on 14 February, according to data from CoinDesk.

    Which has crypto enthusiasts and newbies alike wondering, is it time to buy the dip?

    Timing your entry

    For an answer to that question, we turn to Simon Peters who is a market analyst at eToro. The online trading and brokerage company bought Bitcoin for its own balance sheet. This happened more than 10 years ago when it was worth $5.

    Now only the most bearish crypto analysts forecast the Bitcoin price will return to those bargain-basement levels. But the notoriously volatile digital token could certainly go lower from here.

    Asked whether ASX investors should wait for a potentially bigger price fall before buying Bitcoin, Peters told the Motley Fool:

    Timing the dip of any asset is both risky and difficult, as the price could fall further than the point where you think the bottom is. Ideally, the investor would need to have some knowledge of reading charts and using technical indicators to identify the bottom, or very close to the bottom of a dip or retracement.

    Long-term investors, those planning to buy and hold, may find it easier to dollar cost average. Buying with a fixed amount each week or month, for example, regardless of what the price is. This strategy may not yield the highest returns versus buying at the bottom of a dip, it removes the complication of trying to time the market.

    Can Bitcoin shine amid renewed inflation concerns?

    Crack open the financial news and you’ll almost certainly run across several articles highlighting the potential risks of resurgent inflation to share markets.

    You’ll likely also find at least 1 article from a prominent central banker attempting to allay those fears.

    We don’t have a crystal ball. But the broad consensus is that whether inflation begins to impact interest rates and share markets this year or next, we can expect the erosion in the value of our fiat currencies to return.

    But how about cryptocurrencies like Bitcoin? Can Bitcoin serve as an effective inflation hedge?

    Here’s what eToro’s Peters told us:

    Bitcoin has fulfilled the criteria of an inflation hedge, which is an asset that protects against the decreasing purchasing power of a domestic currency. More people are viewing it as such. This first happened with individual investors. Now we are starting to see corporations hold Bitcoin in their treasuries as an inflation hedge instead of cash.

    Peters said he expects more investors will turn to Bitcoin as an inflation hedge. Especially if global governments and central banks continue their easy monetary and fiscal policy measures. That in turn, he said, should see the Bitcoin price keep rising.

    What could send the price lower?

    With the Bitcoin price up 670% in the past 12 months, and more institutions lending their support for the crypto asset, what tailwinds could drag Bitcoin lower?

    According to Peters, there are a number of risk factors Bitcoin investors or speculators should be aware of:

    Firstly, we could see government or regulatory intervention, making it harder or illegal to transact, hold, or mine Bitcoin.

    Secondly, a flaw or vulnerability in the underlying blockchain could get exploited. For example, a 51% attack where miners collude to control the majority of hash rate on the network. Whilst this is very difficult to execute, it is not theoretically impossible.

    Lastly, we could see price manipulation. Bitcoin is arguably not as liquid as other assets like stocks, meaning significant orders (sometimes referred to as whales) can severely affect its price.

    He noted that any of these issues could see investors lose confidence in the world’s biggest crypto and send the price lower.

    The case for holding Bitcoin

    Peters reminded us that it’s been just over a year, 11 March 2020, since Black Thursday. That was the day a technical failure on the Bitcoin Mercantile Exchange (Bitmex) saw futures crash more than 50%. And the Bitcoin price crashed below US$4,000.

    Since then, he told the Motley Fool, Bitcoin has gone “from strength to strength”.

    The case for holding bitcoin has increased over the period, with institutional investors now holding the crypto asset, as they look to alternatives to fiat currencies. With big corporations also lending their support, the future has never looked brighter for crypto assets.

    Tesla’s decision to both accept payment for its cars in bitcoin and hold that bitcoin on its balance sheet rather than convert it to dollars will likely build more momentum for the crypto asset.

    Tesla and other companies are showing that crypto is here to stay, and its mainstream adoption is only going to increase.

    With a finite supply of Bitcoin, Peters said increased institutional interest in the digital token could cause a supply-side squeeze and see prices continue to rise longer-term.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Bitcoin. 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.

    The post Bitcoin’s price is down 8% from February’s highs. Is it time to buy the dip? appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3cWWzqr

  • Archer (ASX:AXE) share price falls flat despite positive update

    hand on touch screen lit up by a share price chart moving higher

    The Archer Materials Ltd (ASX: AXE) share price has retreated in late-afternoon trade after soaring as high as 93.5 cents. This comes after the company announced that it has begun to progress on the pathway for sub-10 nanometre biochip fabrication.

    At the time of writing, the advanced material company’s shares are fetching 90 cents apiece, flat for the day.

    Development plans

    Archer shares were trading on a high earlier on but have since fallen back to yesterday’s market close.

    According to its release, Archer advised it has commenced development to produce biochip components that are under 10 nanometres (nm) in size. In comparison, a human hair is around 75 microns or 75,000 nm.

    Archer noted that miniaturisation to below 10 nm is a key requirement for the operation and end-use of its biochip. Anything less than 10nm is considered as best-in-class across the semiconductor industry.

    The company explained that if successful in creating prototype biochip devices, it would remove significant barriers to entry. This includes pattern design and process optimisation, for on-chip fabrication of biosensor components.

    What did the CEO say?

    Archer CEO, Dr Mohammad Choucair touched on the company’s nanofabrication development, saying:

    Archer has progressed to one of the most advanced forms of nanofabrication after recently translating biosensor components onto silicon wafers. We are expanding on this strength with in-house capability to build a robust biochip IP portfolio. This is key to Archer’s long-term growth, and near-term speed of execution in its deep tech development.

    Best-in-class capabilities in nanofabrication is a global competitive advantage in the multibillion-dollar point of care medical diagnostics industry. One of the reasons why there are few companies in the world developing and commercialising biochips is because it’s difficult to achieve precision engineering at the nano scale.

    Archer share price summary

    Over the past year, the Archer share price has accelerated over 400%, with 75% of those gains coming from year-to-date. The company’s shares reached an all-time high of $1.24 in late February on the back of achieving a technological breakthrough.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor Aaron Teboneras 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.

    The post Archer (ASX:AXE) share price falls flat despite positive update appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/31XXa4V

  • 2 outstanding ASX shares to buy and hold

    asx shares to buy and hold represented by man happily hugging himself

    One of the ways that Warren Buffett has generated significant wealth over the last six decades is through buy and hold investing.

    If the Oracle of Omaha finds a company that he likes, he will invest and not sell shares unless something breaks his investment thesis. The beauty of this strategy is that it allows investors to benefit greatly from compounding.

    Compounding explains why a 10% per annum return will turn $10,000 into $11,000 in one year and into ~$26,000 in ten years.

    With that in mind, I have picked out two ASX shares that could be great candidates for a buy and hold investment. They are as follows:

    Domino’s Pizza Enterprises Ltd (ASX: DMP)

    Due to its strong performance in FY 2021 and very bright outlook, Domino’s could be a top buy and hold investment option.

    In respect to the former, strong demand for its pizzas in the ANZ, European, and Japanese markets underpinned stellar sales growth during the first half of FY 2021. Domino’s reported a 16.5% increase in total global food sales to $1.84 billion. And thanks to operating leverage, its net profit grew at an even stronger rate of 32.8% to $96.2 million.

    Pleasingly, management is expecting an even stronger performance during the second half, which is likely to lead to a bumper profit result in August.

    Looking further ahead, Domino’s still has a significant growth runway. For example, at the end of the first half, the company had a network of 2,800 stores. It is now aiming to double this over the next decade. And that’s just from its existing markets. Management is also looking for acquisitions and could expand into new territories in the future to give the company an even larger growth runway.

    Analysts at Goldman Sachs are very positive on the company’s future. As a result, the broker recently put a buy rating and $112.60 price target on its shares.

    SEEK Limited (ASX: SEK)

    Another buy and hold investment option to consider is SEEK. It is of course the leading job listings company in the ANZ region and has a number of growing businesses around the world.

    In respect to its local operations, at the end of December, SEEK ANZ had 16 million candidate profiles, 35 million monthly visits, and 160,000 active hirers. This led to the company having almost a third of all placements in the region, which is five times greater than its nearest competitor.

    This gives the company a firm foundation to build on over the next decade, which should be supported by its international businesses, which continue to grow.

    One broker that is a fan of SEEK is UBS. It currently has a buy rating and $32.00 price target on its shares.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    The post 2 outstanding ASX shares to buy and hold appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/39UXpCp

  • 3 reasons the Westpac (ASX:WBC) share price just hit a 52-week high

    woman throwing arms up in celebration whilst looking at asx share price rise on laptop computer

    The Westpac Banking Corp (ASX: WBC) share price has continued its positive run on Thursday.

    In fact, at one stage today, the banking giant’s shares hit a 52-week high of $25.38.

    When the Westpac share price hit that level, it meant it was up a remarkable 29% since the start of the year.

    Here are three reasons why the Westpac share price is flying high right now:

    Strong first quarter update

    One reason the Westpac share price is at a 52-week high is its strong first quarter update in February. For the three months ended 31 December, the bank posted a $1.97 billion first quarter cash profit. This was up a massive 144% over the quarterly average cash earnings of $808 million it achieved in the second half of FY 2020. Another big positive from the result was its impairment benefit of $501 million. Westpac reversed a portion of its COVID provisions due to improved credit quality, stronger economic outcomes, and a better economic outlook.

    Improving dividend outlook

    Also getting investors excited has been Westpac’s dividend outlook. Thanks to the improving economy, a booming housing market, and the removal of dividend restrictions by APRA, Westpac and the rest of the big four banks look well-positioned to grow their dividends in the coming years. In addition to this, Westpac’s exceptionally strong capital position means it could return excess funds to shareholders via buybacks in the near future.

    Positive brokers

    Another reason the Westpac share price is on fire this year is the bullish views of a number of leading brokers. One of those is Morgans, which earlier this week put the bank on its best ideas list for April. The broker currently has an add rating and $27.50 price target on its shares. In addition to this, going back to its improving dividend outlook, the broker is forecasting dividends of $1.32 per share in FY 2021 and then $1.43 per share in FY 2022. This represents fully franked yields of 5.2% and 5.6%, respectively.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor James Mickleboro owns shares of Westpac Banking. 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.

    The post 3 reasons the Westpac (ASX:WBC) share price just hit a 52-week high appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3mrMDsp

  • The Bill Identity (ASX:BID) share price is slipping today. Here’s why

    asx share price falling lower represented by investor wearing paper bag on head with sad face

    The Bill Identity Ltd (ASX: BID) share price is falling today after the company announced a master services agreement with energy retailer Simply Energy for its New Zealand customers.

    At the time of writing, the Bill Identity share price has slumped 3.4% to 83.5 cents per share.

    A quick take on the companies

    Bill Identity is a technology company that automates the bill-paying process through cloud computing. The company provides utility bill expense management solutions and is spread across Australia, New Zealand, the United States, the United Kingdom, and Europe. 

    Simply is one of Australia’s largest energy retailers with around 700,000 Australian accounts and is wholly owned by French energy company ENGIE. It will initially only use its current arrangement for New Zealand customers.

    What the deal means

    Bill Identity will provide Simply with its cloud-based bill paying software, the Utility Bill Portal solution.

    The deal was reached after a successful pilot program and has an initial three-year term. It will provide a step-change in service to “a large number” of Simply’s commercial and industrial customers in New Zealand.

    Bill Identity describes its Utility Bill Portal software as a fully-orchestrated robotic process automation (RPA) business customer platform for energy retailers, which enables their customers to have “easy access to utility bills anywhere, at any time”.

    By automatically capturing and validating invoices and meter data, its clients can streamline their accounting and payment processes. 

    What management said

    Bill Identity managing director Guy Maine welcomed the deal, saying:

    We are extremely excited to be providing Simply with our Utility Bill Portal solution.

    The solution has been designed to deliver significant cost-to-serve economies, and the data-driven RPA experience uses intuitive simplification that is intended to drive increased engagement and satisfaction, thereby unlocking ongoing value for large multi-site energy customers. 

    Bill Identity share price snapshot

    The Bill Identity share price and its relative transformation under the ASX ticker Bill Identity has been well publicised. But since reaching a high of $1.60 in February 2019, it’s had a series of volatile jumps and falls to its current price of around 84 cents.

    It’s down 84% against the technology sector over the past 12 months and has lost more than 30% of its share price value in 2021 so far.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor Lucas Radbourne-Pugh 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.

    The post The Bill Identity (ASX:BID) share price is slipping today. Here’s why appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3wvTAgu

  • 3 ASX dividend shares to buy today

    A young entrepreneur boy catching money at his desk, indicating growth in the ASX share price or dividends

    With interest rates at record lows, it’s hard to find a good place to store your money these days if you want a decent return. Luckily, the ASX is full of dividend paying shares that give us a remedy for this malady. So here are 3 such shares to consider today:

    3 ASX dividend paying shares to buy today

    Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

    Soul Patts is often considered one of, if not the best ASX dividend share on the market. That stems from its incredible record of paying said dividends. Soul Patts is the only ASX company to have a 20-year streak of increasing its dividend every year. That’s pretty impressive considering that encompasses the dot-com crash, the global financial crisis and now the coronavirus recession.

    This company is a diversified conglomerate, owning shares of a range of quality ASX businesses. These include TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW) and New Hope Corporation Limited (ASX: NHC). Soul Patts currently offers a trailing dividend yield of 2.86% on current pricing, or 4.09% grossed-up with Soul Patts’ full franking.

    Super Retail Group Ltd (ASX: SUL)

    Super Retail Group is probably a company that not too many Australians would be familiar with. And yet I’m sure it’s a different story for the businesses Super Retail owns. This company is the name behind the household names like MacPac, Rebel Sport and Supercheap Auto and much much more. Well, just BCF.

    This company has bounced back from the lows of last year very strongly with Super Retail shares are up around 144% over the past 12 months. That has still left its trailing dividend yield on offer today at a respectable 4.38% though. Grossed-up, that comes to 6.26% with full franking.

    Premier Investments Limited (ASX: PMV)

    Premier is another ASX dividend share to consider, and another retail company as well. It’s the name behind the popular Aussie retail chains of Peter Alexander and Smiggle, as well as the Just Jeans and JayJays brands.

    Like Super Retail, Premier Investments has managed to bounce back well from the COVID lows of last year. And well too. In its earnings report that we saw last month, this company reported net profits after tax of $188.2 million, which was up 88/9% from the prior period.  No wonder the Premier share price is up more than 113% over the past 12 months. This company’s dividend isn’t quite at Super Retail’s level, but it still offers a fully franked trialling yield of 2.62% on current pricing. That grosses-up to 3.74% with the franking.

    These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

    Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

    Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

    Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

    Returns As of 15th February 2021

    More reading

    Motley Fool contributor Sebastian Bowen owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Brickworks, Premier Investments Limited, Super Retail Group Limited, and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    The post 3 ASX dividend shares to buy today appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/39TWx0F

  • The Tietto Minerals (ASX:TIE) share price is up 8% today. Here’s why

    Pointing to an upward trend in data on screen.

    The Tietto Minerals Ltd (ASX: TIE) share price is up 8% today on the back of good news from its Abujar Gold Project.

    Since the announcement, the Tietto Minerals share price has jumped up 3 cents. It’s currently trading for 33 cents per share.

    Let’s look closer at the gold miner’s announcement.

    Striking gold

    Tietto has announced drilling results found up to 180.86 grams of gold per tonne at its Abujar Project.

    The results are from 27 diamond drill holes at the Project, located in Côte d’Ivoire, West Africa. The drilling program is intended to increase confidence in its mineral resource estimates. Additionally, Tietto also plans to deliver a Definitive Study (DFS) for Abujar. This is expected in the third quarter of the 2021 financial year.  

    Consequently, Tietto is currently negotiating the Abujar Mining Convention with the Ivorian Government. The Government’s approval is the final regulatory step left to achieve for the Tietto. All mining and environmental approval has already been secured for the Project.

    Tietto claims it has $52 million in cash to fund the continuation of the mines’ development.

    Comments from management

    Tietto’s managing director, Caigen Wang, said the drilling program has continued to exceed the company’s expectations.

    We have many more results to come from our 40,000 metres of infill drilling, and high impact holes like these will be going into the Mineral Resource update due in late May. This updated model will then be used for new optimisation and mine scheduling studies using improvements identified during our PFS work. 

    Our diamond drilling rigs will soon move onto drill testing the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.

    On the development front, we have mapped out a clear path to delivery for our fully funded Abujar DFS in Q3 2021 as we move towards Abujar becoming West Africa’s next gold mine.

    Tietto Minerals share price snapshot

    The gain brought by today’s news is much needed. In particular, because the Tietto Minerals share price has had a poor run in 2021 on the ASX.

    Even with the boost, it’s down 15.38% year to date. Although, it is up by 65% over the last 12 months.

    The company also has a market capitalisation of around $136 million, with approximately 454 million shares outstanding.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor Brooke Cooper 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.

    The post The Tietto Minerals (ASX:TIE) share price is up 8% today. Here’s why appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3mEUxih

  • Strike Energy (ASX:STX) share price rising on more WA gas discoveries

    A happy miner in front of a massive drilling rig, indicating a share price lift for ASX mining companies

    The Strike Energy Ltd (ASX: STX) share price is rising today after the company advised results from its gas exploration projects in Western Australia have been “above expectations”

    At the time of writing, the Strike Energy share price has lifted 4.5%, trading at 34.5 cents per share.

    Strike Energy is principally engaged in the exploration and development of oil and gas resources in Australia. It primarily focuses on the Southern Cooper Basin Gas Project, Perth Basin, and West Erregulla, where the company’s announcement regards today.

    The West Erregulla gas field is one of Australia’s most prominent and has been consistently explored since 1990. Its located in the northern-Perth basin, which makes extraction and transportation relatively lucrative.

    What Strike Energy’s results say

    Strike is reporting on its WE4 well, which is its fourth gas exploratory well. It runs this well as part of a joint venture with Warrego Energy (ASX: WGO) in the West Erregulla territory. 

    WE4 has reached a final depth of 5,069 metres measured depth (MD) with wireline logging ongoing. Measured depth refers to the distance along the borehole, as opposed to total vertical distance. Wireline logging refers to the electrical instrumentation used to measure the borehole’s formation accurately.

    Overall results are above Strike Energy’s expectations, with initial wireline logs and petrophysics across the primary targets indicating porosities of up to 19% and reservoir pressures at 4,898 metres MD of 6,821 pounds-per-square-inch. Porosities generally refer to the amount of potential gas-containing holes, otherwise known as porosity, of the area that’s being drilled.

    Strike Energy’s report also revealed that no gas water contact had been encountered, which deepens and extends the field’s areal extent. 

    What this means for investors

    Strike Energy is currently drilling through Kingia sandstone in the area, looking for gas deposits. Over the past two years, it has encountered strong results.

    Its report states that the Kingia material it’s drilling through comprises several large units of clean sand, with thick, blocky porosity development and bands of high-quality reservoir.

    The Kingia has high gas saturation throughout and is interpreted to have net pay (high production depth) of 28 metres, with an average porosity of 11% across this section and up to 19%.

    Strike Energy concluded its report by outlining what it believes the current results mean:

    The combination of measured gas at high pressure and excellent reservoir characteristics in the Kingia supports the potential for high flow rates when production tested.

    Strike Energy share price snapshot

    The Strike Energy share price is close to its highest level in the past 12 months, after rising from 11 cents per share a year ago to more than 34 cents today.

    Strike has been a consistent climber and increased steadily to 35 cents in January this year. It has since remained above 29 cents.

    Overall, the Strike Energy share price is up 165% over the past 12 months, beating the energy sector by 138%. 

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor Lucas Radbourne-Pugh 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.

    The post Strike Energy (ASX:STX) share price rising on more WA gas discoveries appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/31WN5VW

  • These ETFs have been making ASX investors rich

    Young female investor holding cash ASX retail capital return

    Because of the way exchange traded funds (ETFs) give investors easy access to a large and diverse range of shares, they can be a great way to balance out your portfolio.

    They can also provide you with very strong returns, if you choose wisely.

    Two ETFs that have done exactly that are listed below. Here’s what you need to know about them:

    BetaShares Global Cybersecurity ETF (ASX: HACK)

    The BetaShares Global Cybersecurity ETF aims to track the performance of an index that provides investors with access to the leaders in the growing global cybersecurity sector.

    Over the last five years, the index it is tracking has generated a return of 21% per annum for investors. That would have turned a $10,000 investment into approximately $26,000 today.

    Positively, with demand for these types of services increasing due to the growing threat of cyberattacks on governments and businesses, the future looks very bright for this ETF.

    Among the 40 companies that you’ll be investing in with this ETF are the likes of Accenture, Cisco, Cloudflare, Crowdstrike, Okta.

    BetaShares NASDAQ 100 ETF (ASX: NDQ)

    Another ETF to consider from BetaShares is the BetaShares NASDAQ 100 ETF. This fund provides investors with exposure to 100 of the largest non-financial companies on the famous Nasdaq index.

    As with the HACK ETF, this ETF has been a strong performer over the last five years. During this time, the ETF has generated a return of 23.7% per annum. This would have turned a $10,000 investment into almost $29,000 over the five years.

    Once again, due to the quality of the companies in the ETF and their positive long term outlooks, this ETF has a strong chance of outperforming again over the next five years.

    Among its holdings you will find tech behemoths Amazon, Apple, Facebook, Microsoft, Netflix, Nvidia, Tesla, and Google parent, Alphabet. It also includes non-tech stocks such as Costco and Starbucks. 

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    The post These ETFs have been making ASX investors rich appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3s0NaT2