WA Business News
Finance

Aphrodite falls below issue price

Investors in new market entrant Aphrodite Gold have suffered a paper loss, after the miner finished below its issue price on its first day of trading.

Port Bouvard gets financial lifeline

Port Bouvard is set to receive a much needed lifeline from Queensland's FKP Property Group, which has agreed to chip in nearly $23 million to a planned $60.2 million capital raising.

Aphrodite Gold opens $10m IPO

West Perth-based Aphrodite Gold has today opened its $10 million initial public offer to progress exploration and development at its namesake deposit which it recently bought from Apex Minerals.

AWE launches on-market offer for Adelphi

West Perth-based Adelphi Energy has urged its shareholders to take no action regarding an on-market takeover offer launched today by its major shareholder, oil and gas company AWE.

Gindalbie seeks $206m for Karara

Gindalbie Metals plans to tap the market for up to $206 million to fund its Karara iron ore joint venture, days after it announced a capital cost increase at the Mid West project.

Underwater ASX debut for Viking Ashanti

Osborne Park-based explorer Viking Ashanti has made an underwater debut on the local stock exchange with its share price closing 8 per cent below the issue price.

Big banks raise mortgage rates

ANZ and Westpac have joined the other big banks, Commonwealth Bank of Australia and National Australia Bank in raising the standard variable home loan interest rate in line with the 25 basis point rise by the Reserve Bank of Australia (RBA).

Patersons opens new East Perth office

Patersons Securities has today opened its new office in East Perth after luring a smaller than expected group of advisers from RBS Morgans' Perth division.
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