Latest Options News

Karoon Energy has concluded drilling at the Who Dat West exploration well, reaching its target depth but finding no significant hydrocarbons. The joint venture now shifts focus to development options for prior discoveries in the area.

Wellard Limited has disclosed the binding sale of its last livestock vessel, the M/V Ocean Drover, for US$50 million, with plans to return the net proceeds to shareholders pending approval.

AVJennings has received a new acquisition proposal from Ho Bee Land, prompting the board to grant due diligence access despite ongoing exclusivity with AVID Property Group.

Askari Metals has closed a $350,000 strategic placement with Celtic Finance Corp. to advance its growing uranium portfolio in Tanzania, shifting away from a previously planned Rights Issue.

ARENA REIT has updated its dividend distribution details for the quarter ending December 2024, confirming a 4.56 cent payout and outlining its Dividend Reinvestment Plan pricing.

Rapid Lithium Limited has revised payment terms for its Ingersoll Project acquisition and opted out of a previously planned deal with Patriot Lithium, sharpening its focus on lithium exploration and a new gallium-germanium project.

Strike Energy announces the resignation of CEO Stuart Nicholls, appointing Jill Hoffmann as Acting CEO while initiating a strategic review to unlock shareholder value.

Beam Dental Bidco Pty Ltd has extended its off-market takeover offer for Pacific Smiles Group Limited, pushing the closing date to January 30, 2025. This extension signals ongoing negotiations and a potentially protracted acquisition process.

Vonex Limited has terminated its proposed scheme with Maxo Telecommunications amid shareholder opposition, while MaxoTel’s 4.4c cash offer will close on January 28, 2025. The Vonex Board recommends shareholders accept MaxoTel’s offer and reject Swoop Telecommunications’ conditional scrip bid.

Spheria Emerging Companies Limited has announced a fully franked ordinary dividend of AUD 0.035 per share for the quarter ending December 2024, with a Dividend Reinvestment Plan available to shareholders.

Mirrabooka Investments Limited has announced a fully franked dividend of AUD 0.045 per share for the half-year ending December 2024, payable in February 2025. The company continues to offer shareholders participation options through its Dividend Reinvestment Plan and Bonus Security Plan.

Mirrabooka Investments Limited reported steady half-year profits with a portfolio return of 11.5%, comfortably outperforming its benchmark. The company raised its interim dividend by 12.5%, reflecting confidence in its small and mid-cap investment strategy despite cautious market conditions.