Latest news with #NT
Yahoo
6 hours ago
- Business
- Yahoo
Goldman Sachs Maintains a Buy Rating on Taiwan Semiconductor Manufacturing (NYSE:TSM) With a PT of $242
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. In a report released on June 25, Bruce Lu from Goldman Sachs maintained a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with a price target of $242.00. A close-up of a complex network of integrated circuits used in logic semiconductors. The company reported its net revenue for May 2025 on June 10, which reached NT$320.516 billion. While the figure represents an 8.3% drop from April 2025, it also shows a significant 39.6% growth compared to May 2024. Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) total revenue for fiscal year 2025 as of May is around NT$1,509.34 billion, which translates to a 42.6% growth versus the same period last year. The revenue figures thus suggest strong year-over-year growth for the company, reflecting its solid market position in spite of short-term challenges and fluctuations. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the largest contract semiconductor manufacturer in the world. Some of its prominent customers include semiconductor companies that outsource all or a part of their chip production, including Advanced Micro Devices, Nvidia, Broadcom, and more. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
News.com.au
a day ago
- Business
- News.com.au
Resources Top 5: Positive signs that lithium is waking from slumber
Argosy Minerals has executed a spot sales contract for the sale of 60 tonnes of battery quality lithium carbonate from its Rincon project Core Lithium is optimistic about a restart of the Finniss project in the NT Sunrise Energy Metals has received high-grade scandium assays from Syerston project Your standout small cap resources stocks for Friday, June 27, 2025 Argosy Minerals (ASX:AGY) Lithium has been trading at cyclical lows for months but leading mining journalist Kristie Batten says positive signs are emerging and analysts are beginning to focus on when the price recovery would start. In a Stockhead article ' Smart money bets on a lithium turnaround ' she wrote that a global survey of 90 institutional investors by London-based mining industry advisory firm Harbour found that roughly half were looking for upside exposure to the energy transition above anything else from equities in the natural resources space. Investors were asked which commodities were the most likely to see increased investment, with more than 80% across Australia, Canada, the US, UK and Europe citing gold as their top pick. While that isn't the least bit surprising, given where the price has gone, what jumped out was an enthusiasm for lithium, the price of which has gone in the opposite direction. The research found that lithium edged out copper as the second most likely commodity to attract investment in Australia (65%), Canada (59%), US (61%) and UK/Europe (63%). A report on the lithium sector from Argonaut last week pointed to positive demand drivers, Batten wrote, with electric vehicles being the early driver and battery energy storage systems growing in importance. Optimism surrounding lithium has resulted in some stocks running hot including bellwether Pilbara Minerals, which hit a two-week high of $1.41. Argosy Minerals (ASX:AGY) rose 53.9% to a daily high of 2.3c and closed at 1.8c after executing a spot sales contract with a Hong Kong-based chemical company for the sale of 60 tonnes of battery quality >99.5% lithium carbonate from its Rincon project in the 'Lithium Triangle' in Argentina. Argosy managing director Jerko Zuvela said 'We were pleased to receive such strong interest for the sale of our battery quality lithium carbonate product. "With our positive project fundamentals, we will be strong beneficiaries of the EV/lithium sector resurgence noting the significant development milestones achieved to date at our Rincon "We are delighted to be part of an exclusive group of battery quality lithium carbonate product exporters, given the challenges encountered by many of our peers attempting to achieve this feat.' Core Lithium (ASX:CXO) A lithium price slump victim has been Core Lithium and its Finniss hard-rock lithium project in the Northern Territory, 88km southwest from the Darwin Port. Early works at the BP33 deposit were suspended in late 2023, mining at Grants was suspended in January 2024 and processing in mid-2024, with all infrastructure placed on care and maintenance for any potential restart. A restart study completed in mid-May 2025 has repositioned Finniss as a highly attractive low-cost operation with a 20-year life of lean underground operations. The study outlines a high confidence production plan with 94% of the first 10 years backed by ore reserves and includes: Mining costs reduced by 40% to $63–$72/t (from $120/t); Processing costs cut by 33% to $40–$46/t(from $69/t); Unit operating costs of $690–$785/t (FOB, SC6 eq ex-royalties), placing Finniss among the most competitive global spodumene operations; and Concentrate production lifted 7% to ~205ktpa SC6 equivalent. 'The plan we've outlined capitalises on the project's strengths, including established infrastructure, high-grade ore bodies well-suited to low-cost underground mining and a process plant with proven recoveries and further scope for optimisation,' Core Lithium (ASX:CXO) CEO Paul Brown said. 'We've undertaken a rigorous, bottom-up review of every aspect of the operation. The study brings together our operating experience to deliver a plan that is more robust, more efficient and built for the long term. 'At BP33, we are developing a large-scale underground mine. Grants will shift to underground mining, cutting costs and doubling its mine life. Carlton will use Grants' surface infrastructure, supporting a 20 year mine life. Blackbeard offers further potential to extend mine life and expand operations. 'Our plant upgrades will improve recovery and reduce contaminants, whilst keeping capital costs low. These improvements include enhanced screening with more affordable crushing and the addition of a gravity circuit. 'The study outlines a lower-cost, longer-life and scalable operating plan that generates free cash flow of $1.2 billion, representing a six-fold return on pre-production capital.' A Final Investment Decision for the restart remains subject to board approval and is contingent on market conditions and securing a suitable funding pathway. Optimism surrounding the Finniss restart and the lithium industry's future has seen shares as much as 18% higher to 10.5c. CXO closed at 9.9c with more than 61 million shares changing hands. Sunrise Energy Metals (ASX:SRL) It has been a big week for Sunrise Energy Metals - a $6 million placement finalised, $1.5m share purchase plan launched with strong initial uptake and high-grade scandium assays returned from its flagship Syerston project in Central West NSW. The assays saw shares increase to a 12-month high of $1.205, a lift of 34.64% on the previous close. From 65c on June 23, SRL has risen 85.4% in five days. A 125 hole RC drilling campaign totalling 3,589 drill metres in April and May 2025 had the aim of expanding the zones of higher-grade scandium at the Syerston deposit. More than half of the total 3,574 assays have been received from 49 drill holes, indicating multiple new areas of continuous, high-grade mineralisation. Significant intersections include: 7m at 884ppm Sc from 1m, including 3m at 1123ppm from 4m; 6m at 788ppm from 4m; 13m at 743ppm from 6m; 5m at 714ppm from 3m; and 7m at 666ppm from 4m. Once complete and released, all results from the drilling will be incorporated into an update to the Syerston resource estimate, which will underpin a feasibility study update. 'Recent drill results have identified further zones of continuous, high-grade scandium mineralisation within our Sunrise Mining Lease and they remain open in multiple directions,' Sunrise Energy Metals managing director Sam Riggall said 'These zones will form the basis of an initial multi-decade mine plan for our Syerston Scandium Project Feasibility Study, targeting rapid, low-cost development and production options, supported by one of the largest and highest-grade scandium resources in the world.' Red Mountain Mining (ASX:RMX) Australia's antimony hotspot is the New England region of northern NSW and one of the juniors looking to start producing the in-demand critical mineral is Red Mountain Mining, which hit a high of 1.5c, a lift of 67% on the previous close, with more than 110m shares changing hands. The boost came after the company returned high-grade antimony results from rock chip samples at Oaky Creek prospect in the Armidale project. Results from samples collected up to 500m along strike from historical workings include 28.34%, 28.33% and 16.38% Sb, which suggest potential for a large orogenic antimony mineral system. Shallow costeaning is planned to expose the bedrock beneath strong soil antimony anomalies with no visible outcrop while RMX also plans to undertake soil and rock chip sampling over the East Hills antimony and Horsley Station gold prospects in the southern portion of the project. Similar systems, such as Larvotto's (ASX:LRV) Hillgrove deposit, also in the Southern New England Orogen, typically also contain high-grade gold mineralisation. RMX has submitted a subset of the Oaky Creek rock chip samples for gold analysis by lead fire assay, with results expected in July. D3 Energy (ASX:D3E) South Africa is hungry for new energy sources and D3 Energy is taking steps to feed the demand with gas from its ER315 licence at Bloemskraal in the Free State with shares reaching 15c, a lift of 36.36% on the June 26 close, before closing at 14.5c This followed the company achieving increased flow rates at RBD03 following a well clean out. RBD03 flowed at an average gas flow rate of 201 Mscfd over the initial 7-day period, which was 35% higher than the previous flow rate measured before the well clean out. Total gas produced over the initial 7-day testing period was 1,396 Mscf and testing will continue for another seven days before the well will be shut in to analyse the pressure buildup data. The company undertook a multi-well production testing program at Bloemskraal last year which included RBD03, a gold exploration borehole drilled in 1982. Analysis of the initial production test in July and August last year showed indications that there may have been some obstructions or debris in the wellbore. A work over to clean out any obstructions was performed at RBD03 on May 7, 2025, and some issues were encountered with an historical undocumented hole size change curtailing operations. The well was nonetheless partially cleaned out and shut in to allow the reservoir pressure to build back up prior to retesting. This flow testing commenced on June 13, 2025, following the build-up period and the 7-day results demonstrate a 35% increase in the stabilised flow rate.
News.com.au
a day ago
- Business
- News.com.au
Updated elevated going to auction
A classic Darwin elevated residence with a modern makeover is going under the hammer close to the Nightcliff foreshore. The four-bedroom home sits on a 920 sqm block at 5 Lantana Ct, Nightcliff, with pool and lush tropical landscaping. Selling agent Andrew Haring, of Ray White Darwin, said the redesigned elevated was polished and spacious, perfect for families. The main part of the home is upstairs and features banks of louvres, timber floors, a neutral colour scheme and plenty of natural light. There is easy flow between the kitchen and dining room, sitting room, lounge and the front and rear balconies. The updated kitchen has stone countertops, white cabinetry, five-burner gas stove, 900mm oven and plenty of room for a dining table. Bi-fold doors open this level to the huge front balcony and the rear balcony, which looks out over the pool. The three upstairs bedrooms have airconditioning and built-in robes, while the family bathroom is a wet room and there is a separate toilet. Downstairs, there is a large space with a wall of louvres and bi-fold doors opening to the pool area. This space could be used as a bedroom, a living room or an entertaining area. There is also a laundry, a bathroom and a store room on this level, along with carparking for four vehicles and an undercover space flowing out to the pool. The private backyard is screened by tropical gardens and trees. The property is close to shops, schools and markets, while the city is a 15-minute drive away. The home is a short stroll from the Nightcliff foreshore, jetty, boat ramp, and a walk from The Foreshore cafe and Nightcliff pool. PROPERTY DETAILS Address: 5 Lantana Ct, Nightcliff Bedrooms: 4 Bathrooms: 2 Carparks: 4 Auction: Wed, July 2, 5.30pm Originally published as
Indian Express
a day ago
- Indian Express
Man freezes legs in dry ice to pull off Rs 12 crore insurance scam; loses limbs, faces jail time
In a bizarre and shocking incident, a Taiwanese man had undergone double amputation by deliberately freezing his legs with dry ice for ten hours to defraud five insurance companies, according to a report by the South China Morning Post. The man, identified as Zhang, has now been sentenced to two years in prison by the Taiwan High Court. According to SCMP, Zhang, an undergraduate in Taipei, had purchased multiple policies between 2003 and 2023, from five insurance providers, covering health, life, accident, long-term care, and travel. Zhang conspired to get insurance payouts with his former secondary school classmate, Liao, in 2023. According to SCMP, the two friends bought dry ice in New Taipei City and returned to Liao's house in Taipei's Zhongshan District on January 26, 2023. In Liao's residence, Zhang placed his bare feet in a bucket filled with dry ice. Liao tied him to a chair with plastic straps to prevent Zhang from pulling his legs from the bucket if the process became unbearable. Zhang kept his feet in the bucket from 2 AM until noon. Liao documented the whole process with photos and videos. Two days later, Zhang sought medical treatment at the emergency room of Mackay Memorial Hospital. There, he was diagnosed with severe frostbite below both calves, as well as bone necrosis, sepsis, and rhabdomyolysis. The fourth-degree frostbite led to the amputation of both of his legs. For the insurance payout, the pair falsely claimed Zhang suffered severe frostbite because he was driving his motorcycle late at night. They submitted the insurance claim asking for NT$41.26 million (Rs 12.08 crore, approximately). One company did pay a small amount of NT$236,427 (Rs 6,10,000, approximately). The remaining companies detected inconsistencies and denied the claims. Later, all five insurance companies reported the case to the police. Authorities investigated and eventually charged both men with fraud and intentional self-harm, leading to serious injury. On June 20, the Taiwan High Court sentenced Zhang to two years in prison, while Liao, considered the mastermind, was sentenced to a six-year prison term.
Daily Telegraph
2 days ago
- Daily Telegraph
Peter Falconio's killer Bradley John Murdoch to make ‘explosive' deathbed declaration
Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. The man responsible for one of Australia's most notorious murders has claimed he will make an 'explosive' deathbed statement. Bradley John Murdoch, 67, is close to death in Alice Springs, having been taken to palliative care from prison in recent weeks. Murdoch killed British tourist Peter Falconio and tried to kidnap Joanna Lees in outback NT in 2001. In 2005 Murdoch was found guilty of murder, and Mr Falconio's body has never been found. Murdoch will maintain his innocence, 7News reports, but has shared a statement with true crime author Robin Bowles. Peter Falconio was murdered in the NT outback before Joanna Lees managed to escape. 'I know what they are,' Ms Bowles told 7News. 'And they will be explosive. It's a shame they weren't able to be released earlier,' she said. 'You can't sue a dead man. So if he's making the claims and he's died, then the proverbial might hit the fan.' Further, 7News reports Murdoch will not be 'communicating positively with police', but detectives will again speak to him in his final days. This week, territory police doubled the reward to $500,000 for information leading to Mr Falconio's body. 'He's (Murdoch) not being too forthcoming in regards to engaging with police, but we will continue doing what we have to,' NT police acting commander Mark Grieve told media. 'The NT police still hold out hope that someone may be able to provide some vital information to assist in this search,' he said. Bradley John Murdoch always maintained his innocence. Picture: Patrina Malone 'We think there's still people out there that may hold some information.' 'There may be someone out there that he's confided in, whether or not that's family or friends, we just don't know.' Police had contacted Mr Falconio's family this week, Superintendent Grieve said. Mr Falconio's death had 'captured the heart of the country' when it occurred and 'never gone away', Superintendent Grieve said. On holiday from the UK, Mr Falconio, 28, and his girlfriend Ms Lees, then 27, were driving a Combi van north of Barrow Creek in central NT on July 14, 2001. Murdoch – a drug runner – waved them to the side of the road and shot Mr Falconio. Ms Lees was bound and placed in Murdoch's Land Cruiser but escaped and hid on the side of the road for hours before flagging down help. A jury unanimously found Murdoch guilty of murder in 2005. He was sentenced to life imprisonment, with a non-parole period of 28 years, before 'no body, no parole' laws came into effect in 2016. Originally published as Peter Falconio's killer Bradley John Murdoch to make 'explosive' deathbed declaration
