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Kalamazoo Resources Ltd (ASX: KZR) shares are slipping slightly today against a negative yearly return after the company released its quarterly activities report.

The Kalamazoo share price is down 1.10% to 45 cents per share at the time of writing.

Kalamazoo is a gold and copper explorer and developer primarily focused on exploring and developing gold projects in Western Australia.

The company has found promising intersections recently at its new Victorian gold mining operations, so let’s see what’s driving its share price today.

Kalamazoo’s Victorian goldfield successes

Kalamazoo revealed the following best intersections at its Ashburston gold fields; 9 metres at 5.52 g/t Au, 9 metres at 3.03 g/t Au, 9 metres at 4.03 g/t Au and 7 metres at 4.25 g/t Au.

Kalamazoo’s report says these intersections show “additional thick shoots of moderate to high-grade mineralisation exist beneath and along strike of the Waugh Pit”. This means Kalamazoo’s Ashburton project has additional gold potential in multiple directions.

The company was quite bullish about the Ashburton Waugh Pit prospects, outlining its hopes through the report:

The results from the drilling at the Waugh Prospect are highly encouraging with thick and moderate to high grade shoots of gold mineralisation found to occur within a plane of bedding sub-parallel faults that show surface gold anomalism extending over 300m west, and in excess of 1,000m to the east, of the Waugh Pit.

Kalamazoo believes that continued exploration both along strike and down dip will extend the existing mineralisation at the Waugh Prospect and discover new shoots within this highly prospective fault system.

Kalamazoo has also completed its gold drilling program in Castlemaine at its Lightning Prospect. It found “anomalous to high-grade gold and associated alteration” in all six of the company’s drilling holes. Intersection highlights included: 0.8 metres at 11.1 g/t Au, 0.4 metres at 12.3 g/t Au and 0.55 metres at 10.6 g/t Au.

Through metal detecting in the region, the company also found coarse gold-in quartz specimens between the Lightning and Mustang prospects, which it says further supports the gold-bearing potential of the area.

Kalamazoo share price snapshot

The Kalamazoo share price is rebounding this month from a 26% decline since 2021 began and has now risen by almost 5% through April.

More reading

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

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.

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The JB Hi-Fi Limited (ASX: JBH) share price is tumbling lower on Wednesday afternoon.

At the time of writing, the retail giant’s shares are down over 4% to $45.51.

Earlier in the day, the JB Hi-Fi share price was down as much as 7% to $44.25.

Why is the JB Hi-Fi share price tumbling lower?

Investors have been selling the company’s shares today following the surprise announcement of the exit of its CEO after almost seven years in the job.

According to the release, Richard Murray is leaving the retail giant to take on a new challenge in August and will be replaced by former CEO Terry Smart.

In another announcement, it has been revealed that Mr Murray is leaving to join Premier Investments Limited (ASX: PMV) as the CEO of Premier Retail.

Premier Retail is responsible for a number of popular retail brands such as Just Jeans, Peter Alexander, and Smiggle.

Sales update

This news appears to have overshadowed a solid sales update by JB Hi-Fi this morning.

According to the release, the JB HI-FI Australia business reported sales growth of 10.4% during the third quarter. This was driven by comparable sales growth of 11.5% and brought its year to date sales growth to 19.4%.

It was a similar story in New Zealand, with the JB Hi-Fi New Zealand business reporting third quarter sales growth of 16%. This has taken its year to date sales growth to 11%.

Finally, the company’s The Good Guys business has experienced a slowdown in its growth, but still delivered a solid 5.8% increase in third quarter sales. Year to date, its sales are now up 19.5%.

Management commented: “The Group is pleased with the Q3 sales result and trading in April to date. Whilst from mid-March we commenced cycling elevated sales growth last year, we continue to see heightened customer demand and strong sales growth rates over a two-year period. In view of the ongoing uncertainty arising from Covid-19, the Group does not currently consider it appropriate to provide FY21 sales and earnings guidance.”

More reading

• Why JB Hi-Fi, Link, Ramelius, & St Barbara shares are tumbling lower
• ASX 200 up 0.5%: Coles Q3 update, Westpac settles class action, JB Hi-Fi loses its CEO
• Premier Investments (ASX:PMV) share price higher on CEO appointment
• Here’s why the JB Hi-Fi (ASX:JBH) share price will be in the spotlight today
• 2 top ASX dividend shares to buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. 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 Legend Mining Ltd (ASX: LEG) share price is soaring today following news from its Mawson discovery zone. There, it has come across 2 new intercepts of nickel-copper sulphide.

At the time of writing, the Legend Mining share price is up 10%, trading at 13 cents each.

Let’s take a closer look at today’s news from the miner.

Massive nickel-copper sulphide intercepts

According to Legend Mining’s release, the company has intercepted a wide sulphide zone at its flagship Mawson Ni-Cu-Co prospect in Western Australia.

Results from the 2 drill holes have been described by the company as “massive nickel-copper sulphide intercepts”. The results came from a drilling program made up of 4 holes, conducted at the site over the second half of April.

Of the 2 intercepts, 1 was east-south-east of the Mawson discovery zone. It included:

• 45 metres of semi-massive and massive sulphide, and
• 4 metres of net-textured and semi-massive sulphide.

The other was in the northeast of the discovery zone. It included:

• 15 metres of massive sulphide, and
• 75 metres of net-textured and semi-massive sulphide.

Commentary from management

Commenting on the discoveries, Legend Mining managing director Mark Wilson said:

The success of this year’s diamond drill program has ramped up with two new intercepts of massive nickel copper sulphide within broad bands of sulphide mineralisation.

The distance between these holes and the discovery zone, along with the developing story from downhole EM surveys, continue to demonstrate a very large system driving Mawson, which is consistent with the potential of a significant deposit.

Legend Mining share price snapshot

The Legend Mining share price has had a good 2021 on the ASX, but its last 12 months overall have been poor.

Currently, the Legend Mining share price is up 18% year to date, although it’s down 35% over the last 12 months.

The company has a market capitalisation of around $330 million, with approximately 2.76 billion shares outstanding.

More reading

• Here’s why the Link (ASX:LNK) share price is sinking 6% today
• Here’s why the Cimic (ASX:CIM) share price is pushing higher today
• Why JB Hi-Fi, Link, Ramelius, & St Barbara shares are tumbling lower
• Should CSL (ASX:CSL) be your next dividend share?
• The Core Lithium (ASX:CXO) share price jumped over 11% today

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.

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The Link Administration Holdings Ltd (ASX: LNK) share price has come under pressure on Wednesday.

In afternoon trade, the administration services company’s shares are down 6% to $4.96.

Why is the Link share price sinking?

Investors have been selling Link’s shares following the release of an update on its takeover approach by a consortium comprising Pacific Equity Partners, Carlyle Group and their affiliates.

Last year the consortium made a non-binding indicative proposal to acquire the company for a cash price of $5.40 per share.

SS&C Technology then came to the table in December, outbidding the consortium with a conditional, non-binding indicative proposal of $5.65 cash per share.

However, after providing SS&C Technology with due diligence, it soon withdrew its offer.

What’s the latest?

This morning the Pacific Equity Partners and Carlyle Group consortium informed Link that it would also be withdrawing its offer following a period of due diligence.

While no reason was given for the withdrawal, Link was quick to note that this wasn’t to do with its performance in FY 2021.

It advised that its FY 2021 financial performance and achievement of outcomes from the Global Transformation Program remain in line with expectations.

What now?

The company is now focusing on unlocking value through either the IPO or sale of its PEXA business.

The latter of the two options appears to be the most likely outcome, with management revealing that it has received non-binding indications of interest.

Furthermore, it notes that this interest better reflects the underlying value of PEXA and is significantly greater than the consortium proposal’s implied enterprise value of approximately $1.95 billion for PEXA.

Management advised that binding offers are expected to be made for PEXA in June. It intends to keep the market informed with developments as and when they happen.

More reading

• Why JB Hi-Fi, Link, Ramelius, & St Barbara shares are tumbling lower
• Top fund manager names these 2 ASX shares as buys
• Wilson Asset Management (WAM) thinks these 2 ASX shares are a buy
• 5 things to watch on the ASX 200 on Friday

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 Link Administration Holdings Ltd. The Motley Fool Australia has recommended Link Administration Holdings Ltd. 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 Cimic Group Ltd (ASX: CIM) share price is edging higher today following the announcement of two contract wins.

During mid-afternoon trade, the global engineering company’s shares are fetching for $18.08, up 0.7%.

Details of the contract awards

Investors appear pleased with the company’s latest news, breaking the gradual decline of Cimic shares over the last few months.

In a statement to the ASX, Cimic’s construction company, Leighton Asia, and wholly-owned subsidiary of CPB Contractors, Broad Construction (Broad) have secured $100 million in project wins.

This extends their market presence in Singapore and Western Australia, respectively, generating revenue for the company.

The following projects are listed as follows:

• Awarded by Singapore’s Land Transportation Authority to Leighton Asia, in joint venture with Bintai Kindenko, will see the replacement of electrical services and systems for the existing Central Expressway and Fort Canning Road Tunnels. It is expected the project will commence this month, and be completed by Q3 2024.
• Awarded by the West Australian Government to Broad for the expansion of the Casuarina maximum security prison, located south of Perth. Works include the construction of a high-security unit, two mainstream accommodation units, as well as support and industries buildings. The project has already begun and is scheduled to be finished sometime in 2022.

Leighton Asia managing director Pedro Vicente commented on the new deal, saying:

We are pleased to secure another contract with our client, the Land Transportation Authority. The award of this contract demonstrates Leighton Asia’s diverse engineering capabilities and ability to leverage CIMIC Group’s experience to grow our business in the M&E sector.

CPB Contractors managing director Jason Spears touched Broad’s award, adding:

Broad has industry leading experience in delivering essential community facilities like schools, hospitals and prisons. Our team will work closely with the Department of Justice, and particularly WA Corrective Services, to ensure that this important project is delivered safely while also maximising local employment opportunities.

About the Cimic share price

The Cimic share price has been hit hard since reporting its full-year result in the middle of February. The company’s shares dived from the $26 mark to hover around the $20 price point. This reflects a fall of more than 20% in a short amount of time.

Based on the current share price, Cimic commands a market capitalisation of roughly $5.6 billion, with 311 million shares outstanding.

More reading

• Cimic (ASX:CIM) share price edges higher on contract win

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.

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The S&P/ASX 200 Index (ASX: XJO) is back on form on Wednesday. In afternoon trade, the benchmark index is up a sizeable 0.45% to 7,064.9 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling lower:

JB Hi-Fi Limited (ASX: JBH)

The JB Hi-Fi share price has fallen 3.5% to $45.81. This follows the release of a third quarter sales update and news that its CEO is leaving. Richard Murray is leaving the retail giant to take up the same position at the Premier Retail business owned by Premier Investments Limited (ASX: PMV). Mr Murray has been JB Hi-Fi’s CEO since 2014.

Link Administration Holdings Ltd (ASX: LNK)

The Link share price has tumbled 6% to $4.96. This morning the administration services company announced that a consortium comprising Pacific Equity Partners, Carlyle Group and their affiliates have withdrawn their takeover proposal. Link also advised that it has received indications of interest for its stake in the PEXA business. Binding offers are expected to be made in June.

Ramelius Resources Limited (ASX: RMS)

The Ramelius share price has sunk 9% to $1.63. Investors have been selling this gold miner’s shares due to weakness in the gold industry and following the release of its quarterly update. While Ramelius’ performance was strong, its guidance for FY 2021 disappointed. Management has revised its cost guidance from A$1,230 – A$1,330 per ounce to A$1,280 – A$1,330 per ounce.

St Barbara Ltd (ASX: SBM)

The St Barbara share price is down 8.5% to $1.86. As with Ramelius, weakness in the industry and a quarterly update are to blame for this decline. In respect to the latter, St Barbara reported gold production of 82,303 ounces and an all-in sustaining cost of A$1,649 per ounce. This compares to 89,670 ounces and A$1,517 per ounce during the second quarter.

More reading

• St Barbara (ASX:SBM) share price craters 8% on production fall
• ASX 200 up 0.5%: Coles Q3 update, Westpac settles class action, JB Hi-Fi loses its CEO
• Premier Investments (ASX:PMV) share price higher on CEO appointment
• Here’s why the JB Hi-Fi (ASX:JBH) share price will be in the spotlight today
• 2 top ASX dividend shares to buy

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 Link Administration Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia has recommended Link Administration Holdings Ltd. 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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CSL Limited (ASX: CSL) has never had much of a reputation as an ASX dividend share. Especially when compared to its companions in the upper echelons of the S&P/ASX 200 Index (ASX: XJO). Think about it. CSL is now the third-largest ASX 200 share by market capitalisation. Gold and silver go to Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP). And below CSL are the other 3 remaining big banks.

All of these other companies are (or at least were, pre-COVID) dividend heavyweights.

And yet CSL has never enjoyed such a reputation. Even today, the company offers a trailing dividend yield of 1.04% – not really ‘set the world on fire’ stuff. And that’s not even following a COVID-induced dividend cut from last year. In fact, 2020 saw CSL dole out its highest dividends in history with a combined US$2.02 per share payout. 2021 so far has seen an interim dividend of US$1.04 per share, healthily exceeding 2020’s interim dividend of 95 cents.

CSL’s dividend growth

CSL has been around in some form for over a hundred years. But it only paid its first dividends in 2013. That was a combined payment of US$1.02 per share. That means that CSL has grown its annual dividend since 2013 by a compounded annual growth rate of 10.25% per annum.

Here’s an interesting number for you. Back in October 2013, when CSL paid its first final dividend, CSL shares were going for roughly $66 apiece. Using today’s exchange rate, that would have equated to a rough annual yield of around 2% at the time for an investor who picked up CSL back then. But if that investor held those CSL shares until today, the yield they would have gotten on their original investment would be around 4% today with CSL’s dividend growth.

That’s the power of a compounding growth rate. If CSL continues to increase its dividends by an average of 10.25% every year, that yield-on-cost will only grow larger, and exponentially so, in the years ahead.

So although a 1.04% trailing dividend yield might look a little paltry, CSL’s history of strong dividend growth proves that sometimes it’s not just size that matters.

More reading

• Why the Sandfire (ASX:SFR) share price jumped to a 2-year high today
• ASX 200 up 0.5%: Coles Q3 update, Westpac settles class action, JB Hi-Fi loses its CEO
• Record high iron ore price puts these ASX shares in the spotlight this morning
• 2 fantastic blue chip ASX 200 shares for your portfolio
• 5 things to watch on the ASX 200 on Wednesday

Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. 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 Core Lithium Ltd (ASX: CXO) share price has surged 11.50% this afternoon to 29 cents. This comes after its largest shareholder and key Tesla (NASDAQ: TSLA) supplier, Yahua, announced plans to more than double its lithium hydroxide output. 

At the time of writing, the Core Lithium share price has retreated slightly, trading for 28 cents, up 9.62%.

Core Lithium rides renewables hype

Yahua announced this week that it plans to increase its output from 20,000tpa to 50,000tpa of battery-grade lithium hydroxide.

Yahua and Tesla previously signed an agreement in December 2020. The agreement stated that Tesla will purchase between US$630 million to US$880 million of battery-grade lithium hydroxide. This will occur over a five-year period.

Core Lithium has also positioned itself as a key supplier of Yahua’s lithium concentrate. The company has signed a binding offtake agreement to supply 75,000tpa of lithium spodumene concentrate. This offtake agreement represents approximately 40% of Core Lithium’s flagship Finniss’ project’s proposed 175,000tpa production. 

According to the company’s 2020 annual report, Core Lithium believes its collective offtake agreements have secured approximately 85% of its first three years of annual spodumene production. Alongside Yahua, Core Lithium has signed non-binding offtake agreements with Transamine.

Transamine is a Swiss-based trading company looking to secure 50,000tpa and negotiate offtake agreements with China’s Xinfeng for an annual supply of spodumene concentrate. 

Share price snapshot 

The Core Lithium share price hasn’t quite surged into new highs like Galaxy Resources Ltd (ASX: GXY) and Pilbara Minerals Ltd (ASX: PLS). However, looking at the bigger picture, its shares jumped from just 5 cents in November 2020 to highs of 42 cents by mid-January 2021.

After surging some 700% in a matter of months, its shares have cooled down. Bouncing between the mid 20 cents level. The soon-to-be lithium producer has focused on kicking goals to bring its Finniss project online. 

The company is currently working through the completion of the Finniss Lithium project concentrate definitive feasibility study. In addition to finalising live off-take negotiations ahead of reaching a final investment decision in 3Q21.  

Should all things go to plan, construction will begin later this year. 

More reading

• Tesla’s Bitcoin sale helped boost quarterly profits
• Tesla shares slip after hours despite Q1 earnings beat
• These were the worst performers on the ASX 200 last week
• Here’s why the Core Lithium (ASX:CXO) share price is shooting higher today
• Why AMP, Challenger, Pilbara Minerals, & Redbubble shares are tumbling lower

Kerry Sun 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 Tesla. 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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One of the biggest barbeque stoppers on the ASX at the moment is the rampaging commodities markets. Around the proverbial ASX water cooler, investors are abuzz with iron ore prices reaching US$200 a tonne. Not to mention the robust recovery we have seen in the crude oil price (currently above US$66 a barrel). We have also seen gold and silver prices stabilise after coming off of last year’s highs. And copper continues to push into record territory. And we won’t even mention the recent excitement over lithium and rare earths today.

All of this news is music to the ears of the shareholders of some of ASX’s biggest miners. ASX resources shares like BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) are all pretty close to their record highs. Fortescue has doubled in value over the past 12 months (not to mention showering its shareholders with fat dividends along the way).

BHP hit a new all-time high of $50.93 last month and is trading mighty close to that level today at $48.21 a share at the time of writing. It’s a similar situation with Rio.

ASX resources shares like these giants have been a friend to ASX investors over the past year or so. These companies rebounded relatively quickly from the coronavirus-induced market crash last year, making a stark contrast with other ASX blue chips like the big four banks. And the dividends didn’t miss a beat either – again in stark contrast to bank shares.

But it might be time to consider the inherent value of these companies. The ASX resources sector is one of the most unpredictable on the ASX – something that the market doesn’t always price in.

Buffett’s warning on ASX resources shares?

To expand, let’s look at two quotes from the great investor Warren Buffett.

The first is this: “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years”.

And the second is this: “A bank is no different than any other business. It’s how much cash you’re going to get between now and Judgement Day, discount it and compare it to other investments”.

A mining company’s largest variable is the price of the commodity it mines. No matter how good a company’s management is, or its branding, or its operations, it still has no say in how much it can sell its product for. And that makes it unpredictable. If the market indeed closed for 10 years, would you be willing to bet that the price of iron ore, oil, copper or gold would be higher in 10 years’ time? Not to mention until Judgement Day? These are cyclical products, which obey very rigid laws of supply and demand.

And yet, the market never seems to price these companies in that light. The current BHP share price, for example, is built on top of an iron ore price at record highs. If iron ore prices were to fall 20% over the next month, it’s likely that the share prices of BHP, Fortescue and Rio would take a hit. That’s a scenario all investors might want to keep in mind with this sector right now.

More reading

• Why the Sandfire (ASX:SFR) share price jumped to a 2-year high today
• American Pacific (ASX:ABR) share price sinks 5% as CEO exits
• Record high iron ore price puts these ASX shares in the spotlight this morning
• 2 fantastic blue chip ASX 200 shares for your portfolio
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Sebastian Bowen 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 Sandfire Resources Ltd (ASX: SFR) share price rallied to a near two-year high on the back of its latest quarterly update.

The Sandfire share price jumped 4.6% to $6.61 during lunch time trade. This makes it the third best performer on the S&P/ASX 200 Index (Index:^AXJO).

Only the Sparc Technologies Ltd (ASX: SPN) share price and Downer EDI Limited (ASX: DOW) share price were doing better.

Sandfire share price outperforming other ASX miners

The Sandfire share price is also bucking the downtrend among ASX mining shares. The OZ Minerals Limited (ASX: OZL) share price fell 2.2% to $24.01 and the BHP Group Ltd (ASX: BHP) share price lost 0.1% to $48.32.

Investors got excited about Sandfire after management showed it was maximising the copper price bull run.

Production guidance at top-end of guidance

The copper miner is not only forecasting that production will hit the upper end of its guidance, but it held its cost estimate steady for FY21.

Sandfire’s copper output reached 16,803 tonnes in the March quarter. That’s up from the 16,390 tonnes in the previous quarter.

Gold production was weaker. That came in at 9,100 ounces in the latest quarter compared to 9,660 ounces in the three months to end December 2020.

Relief on cost gives extra boost to Sandfire share price

But it’s copper that’s the key focus. Management is aiming to produce 67,000 to 70,000 tonnes of the red metal this financial year.

Even though gold output dipped, Sandfire believes it can also hit the top end of its FY21 gold guidance of 36,000 to 40,000 ounces.

This might also be why management is sticking to its C1 cash cost estimate of between US80 cents and US85 cents a pound of copper, even though C1 cost came in at US87 cents a pound.

Copper miners usually sell the gold by-product to lower the cost of production.

The fact that Sandfire isn’t warning of a cost increase is reassuring after fellow copper miner OZ Minerals lifted its cost estimates earlier this month.

Copper price heading for record highs

“The March Quarter has delivered exciting progress for Sandfire on a number of fronts, against the backdrop of continued strength in the copper price and a robust outlook for copper,” said Sandfire Managing Director and CEO, Karl Simich.

“In recent weeks, several major investment banks have further upgraded their outlook, with Goldman Sachs in particular lifting its price target to US$15,000per tonne by 2025 on the back of global decarbonisation and a looming chronic supply deficit.”

The price of copper is hovering around a 10-year high of US$9,852 a tonne. Strikes at mines in Chile and robust demand is driving the rally.

More reading

• ASX 200 up 0.5%: Coles Q3 update, Westpac settles class action, JB Hi-Fi loses its CEO
• Record high iron ore price puts these ASX shares in the spotlight this morning
• Why the Downer (ASX:DOW) share price will be on focus this morning
• 2 fantastic blue chip ASX 200 shares for your portfolio
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Brendon Lau owns shares of BHP Billiton Limited and OZ Minerals Limited. 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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