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The All Ordinaries Index (ASX: XAO) is down a slender 0.04% in late afternoon trading, having made up some larger earlier losses following the release of Australia’s latest inflation figures.

Within the index of top 500 stocks, three ASX All Ordinaries shares have notched up new 52-week highs today.

This ASX All Ordinaries share just hit more than 9-year highs

The first ASX All Ordinaries share hitting more than one-year highs today is Silex Systems Ltd (ASX: SLX).

The technology company is focused on commercialising its laser enrichment technology for uranium production and enrichment for nuclear power, as well as silicon enrichment for silicon quantum computing applications.

Although it slipped into the red in afternoon trade, the Silex share price traded for $3.54 in morning trade. That’s the highest level since November 2012.

The most recent price-sensitive news released by the company came out last Wednesday regarding its Zero-Spin Silicon project.

As my Fool colleague Brooke Cooper reported at the time, “A stage 3 demonstration plant has been constructed to verify the commercial production capability for the quantum computing material.”

Also trading at 52-week plus highs

Chorus Ltd (ASX: CNU) is another ASX All Ordinaries share notching up 52-week plus highs with no fresh news out in the markets.

Earlier today the New Zealand based telecommunications infrastructure company hit $7.16 per share, the highest price since March 2021.

That gives the company a market cap of some $3.2 billion.

And rounding off the list of ASX All Ordinaries shares hitting one-year plus highs today we have Neuren Pharmaceuticals Ltd (ASX: NEU), which also hit the new milestone without releasing any new price-sensitive news today.

The biopharmaceutical company is up 2.2% at the time of writing and traded as high as $5.25 during the lunch hour. That’s the highest price shareholders will have realised since November 2007.

The post 3 ASX All Ordinaries shares hitting new 52-week highs on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Why did the Kogan share price rocket 20% this week?
• Do these 2 All Ords ASX shares offer a hefty upside?
• 3 ASX All Ordinaries shares going great guns on Thursday
• RBA in the spotlight; and Westpac hikes fixed rates. Scott Phillips on Nine’s Late News
• Rocks and lasers: 2 ASX All Ords shares securing new multi-year highs on Wednesday

Motley Fool contributor Bernd Struben 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.

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What a year it has been for the Liontown Resources Limited (ASX: LTR) share price. As it currently stands, Liontown shares are trading at $1.19 each, down 1.65% so far today. But over the past 12 months, Liontown has traded as high as $2.19 and as low as 80 cents a share.

In April, Liontown was up more than 20% year to date in 2022. But as of today, this ASX 200 lithium stock has now lost 32% year to date. It’s fair to say that this is a company that is no stranger to volatility.

But it has still been a lucrative investment for many shareholders. Even after the falls we have seen in 2022, Liontown shares remain up a healthy 41.7% over the past 12 months and an incredible 11,800% since August 2017.

But given this history, many investors might be wondering where Liontown shares are heading next.

Is the Liontown Resources share price a buy today?

Well, there is one ASX broker who thinks Liontown has at least another 50% rise left in its tank for the next 12 months.

Last week, my Fool colleague James covered the opinions of brokers at Macquarie on Liontown. Macquarie has retained an outperform rating on Liontown shares, complete with a 12-month share price target of $1.85 per share.

On today’s price of $1.19, that would indeed represent a potential upside of just over 55% if this came to pass.

Macquarie highlights the appointment of Lycopodium Limited (ASX: LYL) to assist with engineering and construction at Liontown’s Kathleen Valley Lithium Project. The broker reckons that this is an important move to make sure the project remains on schedule.

So no doubt this very sunny outlook on the future of the Liontown Resources share price will be welcomed by Liontown shareholders today. But, as always, we shall have to see if what the brokers at Macquarie predict does indeed come to pass.

In the meantime, the current Liontown Resources share price gives this ASX 200 lithium stock a market capitalisation of $2.6 billion. That comes with a price-to-earnings (P/E) ratio of 54.95.

The post Top broker tips 55% upside for Liontown share price appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Here are the top 10 ASX shares today
• Why Kelsian, Link, Liontown, and Zip shares are racing higher
• Liontown share price jumps 7% on ‘significant milestone’
• Here are the top 10 ASX shares today

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 recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Despite its wild price swings in 2022, the Mineral Resources Ltd (ASX: MIN) share price has surged 300% over the past five years.

The company has benefited immensely from the lithium boom which has generated bumper revenues from 2017 to 2021.

Subsequently, Mineral Resources ramped up its dividends to investors over the period – even during COVID-19.

Below, we take a look to see how much Mineral Resources has distributed in dividends to shareholders since 2017.

Recap on the Mineral Resources dividend

Here’s a brief summary of all the dividends paid out by Mineral Resources over the last five years.

• September 2017 – 33 cents (final)

• March 2018 – 25 cents (interim)

• September 2018 – 40 cents (final)

• April 2019 – 13 cents (interim)

• October 2019 – 31 cents (final)

• March 2020 – 23 cents (interim)

• September 2020 – 77 cents (final)

• March 2021 – $1.00 (interim)

• September 2021 – $1.75 (final)

When adding the above amounts, Mineral Resources has paid a total of $5.17 in dividends since September 2017.

You may have noticed that the board elected not to pay a dividend this year which shocked shareholders.

The company reported a significant reduction in iron ore revenue due to weakening Platts and wider discounts. This led it to register an underlying net loss of $36 million, a mammoth difference compared to the $430 million net profit after tax (NPAT) in H1 FY21.

Investors will have to wait until 29 August when Mineral Resources is expected to release its FY22 financial results.

Mineral Resources share price snapshot

Despite its astronomical gains over the long term, the Mineral Resources share price has had trouble replicating its success in 2022.

Tumbling iron ore prices and a break in the lithium market have led the company’s shares to record volatile swings.

Year to date, Mineral Resources shares are down 13%.

Based on today’s price, the company commands a market capitalisation of around $9.2 billion and has a dividend yield of 3.74%.

The post How much has Mineral Resources paid in dividends over the last 5 years? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• How I’m preparing for brighter days in the stock market
• What’s the outlook for the Mineral Resources share price in FY23?
• Here are the top 10 ASX shares today
• 3 ASX lithium shares that flew in FY22, and 1 that sank

Motley Fool contributor Aaron Teboneras 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.

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Investors that are looking for dividend options might want to check out the two ASX shares listed below.

Both of these ASX dividend shares have recently been tipped as buys with attractive forecast yields. Here’s why analysts are bullish:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT.

It is a real estate investment trust with a focus on social infrastructure properties such as bus depots, police and justice services facilities, and childcare centres. Demand has been so strong for these properties that the company has a 100% occupancy rate and a weighted average lease expiry of 14.6 years.

Goldman Sachs is a very big fan of the company. It currently has a conviction buy rating and $4.24 price target on its shares

We make no changes to our investment thesis or Buy rating (on CL) and continue to believe the REIT is positioned for a solid growth outlook given the sector’s positive fundamentals and CQE’s strong balance sheet with ample headroom and liquidity to pursue investment opportunities, particularly government assets.

The broker is also expecting generous dividends in the coming years. It is forecasting dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.68, this implies yields of 4.7% and 5%, respectively.

QBE Insurance Group Ltd (ASX: QBE)

Another ASX dividend share that could be in the buy zone right now is insurance giant QBE.

The team at Morgans are very positive on the company due to its cheap valuation, cost cutting plans, and positive rate outlook.

Morgans currently has an add rating and $14.76 price target on the company’s shares. The broker commented:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~14x FY22F PE.

In respect to dividends, its analysts have pencilled in a 41.4 cents per share dividend in FY 2022 and then a 66.3 cents per share dividend in FY 2023. Based on the latest QBE share price of $11.73, this equates to yields of 3.55% and 5.7%, respectively

The post 2 quality ASX dividend shares rated as buys by brokers appeared first on The Motley Fool Australia.

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More reading

• 5 ASX 300 shares this fundie has been buying at bargain prices
• Expert prediction: 3 ASX 200 shares that can ‘do well’ in volatile times
• Analysts rate these ASX dividend shares as buys now
• Here’s what’s moving the QBE share price on Tuesday
• Experts name 2 top ASX dividend shares to buy right now

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 recommended Baby Bunting. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Corporate Travel Management Ltd (ASX: CTD)

According to a note out of UBS, its analysts have retained their buy rating but trimmed their price target on this corporate travel specialist’s shares to $26.35. Although the broker notes that industry feedback is pointing to strong demand for corporate travel, its analysts have reduced their earnings estimates slightly to reflect inflationary and labour pressures. Nevertheless, it still sees plenty of value in its shares at the current level even after doing so. The Corporate Travel Management share price is trading at $17.80 today.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

A note out of Ord Minnett reveals that its analysts have retained their buy rating but cut their price target on this pizza chain operator’s shares to $88.00. Ord Minnett acknowledges that Domino’s is facing a number of headwinds such as a weak Japanese yen and inflation. However, it believes these are understood by the market and factored into its share price. In light of this, the broker continues to see a lot of value in its shares, particularly in comparison to peers. The Domino’s share price is fetching $68.46 this afternoon.

Nitro Software Ltd (ASX: NTO)

Analysts at Goldman Sachs have retained their buy rating with a reduced price target of $2.05 on this document productivity software company’s shares. While disappointed with the company’s quarterly update and guidance reduction, Goldman is keeping the faith. It continues to see Nitro as an undervalued global growth opportunity for investors. The Nitro share price is trading at $1.16 on Wednesday.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Why Block, Iluka, Nitro, and Novonix shares are dropping today
• Down 28% in two days: Is the Nitro share price crash a buying opportunity?
• Why Flight Centre, Iress, Nitro, and Perseus shares are dropping today
• Why is the Nitro share price crashing 29% on Tuesday?
• Here are the top 10 ASX 200 shares today

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 recommended Corporate Travel Management Limited, Dominos Pizza Enterprises Limited, and Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Invested in Wesfarmers Ltd (ASX: WES) shares? Two of the S&P/ASX 200 Index (ASX: XJO) conglomerate’s cornerstone retailers have reportedly switched off part of their security systems amid an investigation by Australia’s information watchdog.

The Office of the Australian Information Commissioner (OAIC) has launched investigations into the retailers’ information-handling practices following their implementation of facial recognition technology.

Let’s take a closer look at what’s going on with Bunnings and Kmart.

Bunnings and Kmart under investigation

Wesfarmers shares have traded relatively flat over the last two months. Meanwhile, two of the company’s hallmark retail brands have found themselves in the headlines.

Wesfarmers fans might remember last month’s report by Choice questioning the use of facial recognition technology by multiple retailers, including some Kmart and Bunnings stores.

The consumer advocacy group said most customers weren’t aware the retailers were using technology capable of capturing and storing unique biometric information such as facial features.

Choice’s Kate Bower also noted their collecting of biometric data could constitute a breach of The Privacy Act. Well, the consumer group may not have been the only one concerned about such a breach.

Its findings sparked an investigation by Australia’s information watchdog earlier this month.

The investigation has, in turn, pushed Wesfarmers’ hallmark retailers to halt their use of the controversial security system, The Guardian reported this week.

Bunnings CEO Simon McDowell has previously said the retailers’ use of the facial recognition technology was “consistent with The Privacy Act”.

However, managing director Mike Schneider confirmed Bunnings has stopped using the technology in the face of the investigation, adding:

When we have customers berate our team, pull weapons, spit, or throw punches – we ban them from our stores. But a ban isn’t effective if it’s hard to enforce. Facial recognition gives us a chance to identify when a banned person enters a store so we can support our team to handle the situation before it escalates.

[A]n individual’s image is only retained by the system if they are already … banned or associated with crime in our stores. We don’t use it for marketing or customer behaviour tracking, and we certainly don’t use it identify regular customers who enter our stores.

Wesfarmers share price snapshot

The Wesfarmers share price has struggled to gain traction this year.

It has fallen 22% since the start of 2022 and 26% over the last 12 months.

Meanwhile, the ASX 200 has dumped 10% year to date and 8% since this time last year.

Wesfarmers had not responded to The Motley Fool Australia’s requests for comment at the time of publication.

The post Own Wesfarmers shares? Here’s why Bunnings and Kmart are under investigation by the information watchdog appeared first on The Motley Fool Australia.

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More reading

• Broker names 2 blue chip ASX shares to buy now
• Should investors buy Wesfarmers shares for dividends?
• Can ASX dividend shares deliver during earnings season?
• Could ASX earnings season be ‘a lot better than what the market is positioned for’?
• ASX 200 retail shares rise as consumer confidence improves

Motley Fool contributor Brooke Cooper 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 positions in and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The price of gold has been sliding into the red since peaking at US$2,052 per troy ounce on 8 March 2022 to now trade at US$1,716/t.oz.

Pressure from a strong USD and rising interest rates has seen demand for bullion drop to new lows, reports say.

“[G]old prices remained about 16% off the year to date high as higher interest rates and a relatively strong dollar continued to pressure bullion demand,” Trading Economics wrote.

The opportunity cost of holding gold increases with rising yields as the yellow metal pays no interest/yield.

Meanwhile, shares of key ASX gold player Northern Star Resources Ltd (ASX: NST) have settled higher this week after drifting to 52-week lows of $6.76 on 19 July.

The gold price and Northern Star share a tight relationship in directional movement, as seen on the chart below, displaying both instruments since November 2020.

What’s in store for Northern Star shares?

The gold mining giant recently posted its Q4 FY22 earnings and results came in line with expectations.

It sold a total of 1,561 thousand ounces (koz) of gold at an all-in sustaining cost (ASIC) of $1,633/oz, within guided ranges.

Northern Star also provided FY23 guidance in its report. It forecasts gold sales of 1,560-1,680koz gold to be sold on an ASIC of A$1,630-1,690/oz.

Meanwhile, the downward slide in gold doesn’t appear to have impacted the outlook from brokers.

Exactly 100% of analysts covering the company rate it either a buy or strong buy right now, according to Refinitiv Eikon data.

The consensus price target from this extensive list is $10.94, suggesting there is more upside to come if the analysts are correct.

Northern Star has a debt to asset ratio of 5.5% and is expected to increase its capital expenditures in FY23.

It also generated an above-average return on invested capital (ROIC) last half of 19.7% and printed $152 million in company-reported free cash flow. Investors realise a 1.8% yield on this.

Aside from that, Northern Star shares trade at 6.4 times trailing price-to-earnings ratio (P/E) and a 15.7% earnings yield, whilst leaving shareholders a 2.7% trailing dividend yield.

Even still, the market has punished Northern Star these past 12 months. It is now down 25% in that time, or 22% this year to date.

The post Gold is at multi-year lows. What does this mean for Northern Star shares? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• What’s the dividend yield on Northern Star shares in July?
• 5 things to watch on the ASX 200 on Monday
• Northern Star share price edges higher following ‘strong’ quarterly performance

Motley Fool contributor Zach Bristow 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.

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Both headline and core inflation continue to push higher in Q1 FY23, the latest economic data shows.

Over the 12 months to June 30, the consumer price index (CPI) rose 6.1%, according to data released today by the Australian Bureau of Statistics (ABS).

That’s a full 100 basis points up from 5.1% year on year in the previous quarter.

The most significant price increases last quarter were new home purchases by owner-occupiers, automotive fuel, and furniture, the data shows.

However, year on year, the highest price increases are in transport (up 13%) and housing (up 9%), with food costs also 6% higher over the year.

Australia’s inflation rate is now at its highest mark in more than 20 years and, before that, its highest level since 1997, as seen below.

What does this mean for ASX retail shares?

As inflation continues to erode company margins downstream, the ability to pass through costs on to the end consumer is paramount.

Hence, companies with this ability will shine due to their earnings and margin resilience.

Further, with price increases in areas such as retail and furniture, there’s also the prospect of higher earnings for companies exposed to these industries.

As such, it’s unsurprising to see analysts at Macquarie rate Nick Scali Limited (ASX: NCK) highly on the radar. The furniture company recently acquired the Plush-Think Sofa business.

The broker rates Nick Scali a buy and values the company at $12.70 per share. It currently trades at $9.18 apiece after its share price gained 10% this past month.

Meanwhile, retail players are getting rewarded on the back of the inflation data as well.

The Temple & Webster Group Ltd (ASX: TPW) share price is currently 5.4% higher at $3.71. Investors are bidding the share up on a volume more than 50% of its four-week trading average.

Both of these shares have been heavily punished in 2022 so far with Temple & Webster, in particular, incurring a 70% loss over the last 12 months.

But it will take sustained gains for both to recover to their previous highs, as shown on the chart below.

The post Take a seat: What inflation data might mean for ASX retail shares appeared first on The Motley Fool Australia.

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More reading

• Why I think these 2 ASX growth shares could keep marching upwards
• 3 ASX All Ordinaries shares going great guns on Thursday
• Why is the Temple and Webster share price up 7% today?
• Temple & Webster share price jumps 11% after hitting recent lows
• Does the FY23 outlook make ASX retail shares look like bargains?

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The REA Group Limited (ASX: REA) share price has fallen heavily in 2022. After its big drop, I think it could be a good opportunity.

This business is one of the ASX’s big success stories. It has gone from being a small company to a business worth more than $15 billion, according to the ASX.

I believe a portfolio full of quality businesses can do well over time. Big declines could prove to be opportunistic times to invest.

Despite a recent recovery since mid-June, the REA Group share price is down by around 30% from the beginning of 2022.

Of course, it still has a higher price-to-earnings (p/e) ratio than many ASX shares. Profit estimates on CMC Markets put the REA Group share price at 38x FY22’s estimated earnings.

Things may not be as bad as they appear

For starters, I think it’s important to acknowledge that a fall in house prices doesn’t necessarily mean that REA Group earnings will fall.

The company owns the key asset realestate.com.au. It earns money from the number of property listings on the property portal and the advertising price of those listings. The fall in house prices isn’t necessarily a bad thing for REA Group.

It’s hard to say what’s going to happen next. But property sellers may well need to choose the more premium advertising packages to attract more potential buyers in this difficult market. The advertising cost is typically a relatively small amount compared to the selling agent fee and indeed compared to the sale price of the property itself.

How many listings will there be? That’s anyone’s guess. A falling market is a pretty rare occurrence for the Australian property market.

On listings, the latest we’ve heard from REA Group is from its quarterly update’s outlook comments. It said that April national residential listings were down 8% year on year, with Sydney listings declining 19% and Melbourne down 18%. It was impacted by the timing of the Easter and ANZAC Day holiday period.

REA Group said national listings are “likely to be down” year on year in the fourth quarter, reflecting “very strong prior period listings and potential impacts from the federal election”.

According to estimates on CMC, REA Group is expected to grow earnings per share (EPS) by 13% in FY23 and then by a further 16.9%. In FY24, it could generate $4.13 of EPS.

Other reasons why I think the REA Group share price is a buy

Aside from the profit growth and lower share price, I believe there are many attractive features of REA Group.

It has strong network effects. REA Group has the most potential buyers looking at its portal, which then attracts the most sellers, which attracts more buyers and so on. This allows REA Group to increase its prices with little detrimental effect.

The ASX share also has a good balance sheet, as well as a number of investments in property sites that have strong market positions in other countries including the United States, India and South-East Asian countries. Considering the large populations of these places, I think those investments have good long-term potential.

The post Why I think the REA share price is a bargain buy right now appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX shares today
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Motley Fool contributor Tristan Harrison 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 recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Leading the way as the worst performer on the Australian share market on Wednesday has been the Prospect Resources Ltd (ASX: PSC) share price.

In afternoon trade, the ASX mining share is down a massive 92% to 7.7 cents.

Why is the Prospect Resources share price crashing?

The good news for shareholders is that the Prospect Resources share price crash is for a good reason and not because of a bad update.

Earlier this month, shareholders were asked to vote on a capital return following the completion of the sale of the company’s 87% interest in the Arcadia Project for net proceeds of US$342.9 million.

Shareholders unsurprisingly overwhelmingly approved the plan to distribute most of these proceeds by way of a 96 cents per share distribution.

This distribution comprises an unfranked dividend component of 79 cents per share and a capital reduction component of 17 cents per share.

This morning Prospect Resources shares traded ex-capital return. This means that the rights to the impending capital return will remain with owners of its shares at yesterday’s market close and not transfer to anyone buying shares from today onwards. As a result, its shares have fallen to reflect this.

When is payday?

Eligible shareholders can now look forward to a big pay day early in August.

According to the mining company’s timetable, it is intending to pay both components of the capital return to shareholders next week on Thursday 4 August.

What’s next?

This isn’t the end of Prospect Resources. It recently laid out its future plans following the Arcadia Project sale. It said:

The Company’s future strategy is to be a battery and electrification minerals focused explorer and developer. With the Arcadia transaction now complete, business development and new project generation are our top priorities. The Board believes that, with approximately A$34 million of available cash and continuation of the current management team, that the Company is appropriately resourced to deliver on this strategy.

The post Did ASX mining share Prospect Resources really just crash 90%? 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 Scott Phillips.

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