Australia
S&P/ASX 200 snaps 4-day winning streak; energy stocks continue to rise
S&P/ASX 200 (INDEXASX:XJO) failed to hold on to this mornings gains of 0.7%, with the index falling by 0.4% or 22.6 points to 5,550.
However, the index remains on track to record its fourth straight weekly advance.
Energy stocks stood out after the price of oil rose 4.8% (up ~30% in one week).
DroneShield (ASX:DRO) shares surged 62% after its DroneGun Tactical product was selected by the European Union police forces.
Afterpay (ASX:APT) shares hit a new all-time high this morning and closed at $44.
Other Australian stocks with solid price increases today include Technology Metals Australia Ltd (ASX:TMT) (+25%), Great Southern Mining Ltd (ASX:GSN) (+10%), THC Global Group Ltd (ASX:THC) (+16.67%), Kingwest Resources Ltd (ASX:KWR) (+19%), Volt Resources Ltd (ASX:VRC) (+20%), Musgrave Minerals Ltd (ASX:MGV) (+13%), Eclipse Metals Ltd (ASX:EPM) (+14.29%), Black Rock Mining Ltd (ASX:BKT) (+15%), Cobalt Blue Holdings Ltd (ASX:COB) (+14%), Bryah Resources Ltd (ASX:BYH) (+24%) and Argonaut ..

S&P/ASX 200 (INDEXASX:XJO) failed to hold on to this mornings gains of 0.7%, with the index falling by 0.4% or 22.6 points to 5,550.
However, the index remains on track to record its fourth straight weekly advance.
Energy stocks stood out after the price of oil rose 4.8% (up ~30% in one week).
DroneShield (ASX:DRO) shares surged 62% after its DroneGun Tactical product was selected by the European Union police forces.
Afterpay (ASX:APT) shares hit a new all-time high this morning and closed at $44.
Other Australian stocks with solid price increases today include Technology Metals Australia Ltd (ASX:TMT) (+25%), Great Southern Mining Ltd (ASX:GSN) (+10%), THC Global Group Ltd (ASX:THC) (+16.67%), Kingwest Resources Ltd (ASX:KWR) (+19%), Volt Resources Ltd (ASX:VRC) (+20%), Musgrave Minerals Ltd (ASX:MGV) (+13%), Eclipse Metals Ltd (ASX:EPM) (+14.29%), Black Rock Mining Ltd (ASX:BKT) (+15%), Cobalt Blue Holdings Ltd (ASX:COB) (+14%), Bryah Resources Ltd (ASX:BYH) (+24%) and Argonaut Resources NL (ASX:ARE) (+25.00%).
Proactive news headlines
Volt Resources higher on news of potential purchase of second African gold project
Volt Resources Ltd (ASX:VRC) has entered a binding term sheet to conditionally acquire an 85% interest in the Luiri Hill Gold Project in south-central Zambia, 120 kilometres from the capital Lusaka. Together with the proposed acquisition of a gold project in Guinea announced last week, purchasing the Luiri project will further diversify Volt's asset base with the precious metal, which has been proving its strength in difficult market conditions.
Salt Lake Potash paleochannel bore at Lake Way exhibits strong flow rates and high grades
Salt Lake Potash Ltds (ASX:SO4) (LON:SO4) pumping of initial brine extraction drilled into the paleochannel at Lake Way SOP Project in Western Australia has delivered flow rates of 18 litres per second with a consistent potassium grade of 7,100mg per litre. The results, which were sustained over a 17-day delivery, are above the average flow rates used in the companys bankable feasibility study (BFS) which demonstrated 8 litres per second and average brine grades of 6,100mg per litre. Investors have responded positively with ASX shares up as much as 10% to A$0.50 intra-day and have risen from 30 cents at close on March 19.
Greenland Minerals completes key step toward securing mining licence for rare earth project
Greenland Minerals Ltd (ASX:GML) has lodged an updated Environmental Impact Assessment (EIA) of the Kvanefjeld rare earth project with Greenlands Environmental Agency for Mineral Resource Activities (EAMRA). EAMRA has provided an indicative period of eight weeks to conduct the review process. Once EAMRA is satisfied, the Ministry for Mineral Resources and Labour will be notified, who manage the remainder of the licensing process.
THC Global rises with medicinal cannabis product now available via prescription in Australia
THC Global Group Ltd (ASX:THC) is trading 15% higher on confirmation that its first Australian-produced medicinal cannabis product is now available for prescription to Australian patients under Australias existing Special Access Schemes. Full-spectrum medicines are in high demand for prescribers and patients seeking benefit of minor cannabinoids, terpenes and flavonoids which may provide different therapeutic outcomes. The product is manufactured from cannabis plant material cultivated at THC Globals Bundaberg facility.
Kingston Resources delivers 15% more gold and 30% more silver at Misima project in PNG
Kingston Resources Ltd (ASX:KSN) has boosted the golden bounty of its Misima project in Papua New Guinea by 15% to 3.21 million ounces with silver resources also up 30% to 18.2 million ounces. The new resource which incorporates results of recent successful drilling programs and updated gRead More – Source
Australia
Saudi women in Sydney: Sisters’ bodies lay undiscovered for a month

Australian police are baffled after the bodies of two Saudi women, believed to have lain undiscovered for a month, were found in a Sydney apartment.
Sisters Asra Abdullah Alsehli, 24, and Amaal Abdullah Alsehli, 23, were found dead on 7 June in separate beds at home in the suburb of Canterbury.
Police, who were called to the property for a welfare check, said the women are believed to have died in early May.
But despite “extensive inquiries”, they still do not know how or why.
The sisters moved to Australia from Saudi Arabia in 2017 and may have sought asylum, The Sydney Morning Herald reported. Police refused to confirm this, saying they do not comment on residential status.
A human rights organisation said it should be established whether the women fled Saudi Arabia because of domestic violence or harsh laws governing women. However, there is no evidence this is the case.
Police said they had been in contact with the women’s family, which is assisting them with inquiries.
Lina al-Hathloul, head of monitoring and communications at Saudi human rights organisation ALQST, said it “would not be the first case” of Saudi women who were killed abroad after fleeing domestic violence.
“There are no protections for women who are victims of domestic violence in Saudi Arabia, so they flee abroad,” she told the BBC.
She added: “I’m not saying that is the case here, just that we need a thorough investigation. It is frustrating not to have any information.”
According to the Sydney Morning Herald, there had been signs that something was wrong.
Last year, the women told their building manager they thought someone was tampering with their food deliveries, the paper reported.
A plumber who visited the apartment also said he believed there was “something mysterious” going on, and that police had been called in the past over concerns for the women.
New South Wales Police issued a renewed plea to the public on Wednesday, saying “any piece of information” could be the key to solving this case.
The local community is close-knit, police said in a statement, asking anyone who may have known or seen the women to come forward.
A report from Australian current affairs programme Four Corners in 2019 found 80 Saudi women had tried to seek asylum in Australia in recent years. Many of them were fleeing male guardianship laws.
Read from: https://www.bbc.com/news/world-australia-62331116
Australia
Australia election: Why is Australia’s parliament so white?

Australia
Scott Morrison effectively ditches his promise to establish a federal anti-corruption commission

Scott Morrison has effectively abandoned his promise to establish a federal anti-corruption watchdog, confirming he would only proceed with legislation in the new parliament if Labor agreed to pass the Coalition’s heavily criticised proposal without amendments.
Morrison pledged before the 2019 election to legislate a federal integrity body in the parliamentary term that has just ended. The prime minister broke that promise, failing to introduce his own proposal before the 46th parliament was prorogued.
On the hustings on Wednesday, Morrison was asked – given his previous undertaking to create the body – whether he would promise to put his proposal to a vote in the next parliament in the event the Coalition won the 21 May election.
Morrison declined to make that promise. “Our position on this hasn’t changed,” the prime minister said. “Our view has been the same – when the Labor party is prepared to support that legislation in that form, then we will proceed with it.”
The prime minister has attempted to inoculate himself from criticism about breaking an election promise by saying he tabled the integrity commission proposal in the parliament.
Tabling an exposure draft, which is what the prime minister did, is not the same as introducing finished legislation to the House of Representatives or the Senate that is then debated and voted on.
As well as repeatedly fudging what happened in parliament, Morrison has also created the impression the proposal can only proceed if Labor agrees to its passage without amendments.
All governments routinely introduce legislation for debate without any undertaking that it will be passed by the opposition. Labor favours a stronger model than the Coalition’s proposal.
Morrison’s lack of urgency on the issue created tensions within government ranks. Late last year, the Tasmanian Liberal MP Bridget Archer crossed the floor to support independent MP Helen Haines’ bill to establish a federal integrity commission. Archer accused the government of “inertia” over the issue.
At that time, Archer said she was “perplexed” at her own government’s failure to release a revised bill almost three years after it was promised before the last election.
While Morrison clearly wants to move on from the issue, he will face renewed pressure from crossbench independents if the coming election is close enough to deliver a hung parliament.
A number of independents running against Liberals in metropolitan seats have made it clear that establishing a credible national integrity commission will be a key demand in the event any new government – Liberal or Labor – is seeking agreements for confidence and supply.
Haines blasted Morrison’s comments on Wednesday. “Mr Morrison broke an election promise to introduce an anti-corruption commission and his pathway to creating one is still as vague as it was in the last parliament,” she said.
The crossbench independent said it was “nonsense” for the prime minister to claim that he could not proceed unless Labor agreed with the Coalition’s proposal without seeking any amendments. “It would appear we are in the same void as we were before,” Haines said.
-
Australia3 years ago
Button and Diane Powellpark the school bus after three decades
-
Australia4 years ago
60th Annual Louth Cup 2018 | Photos
-
Australia4 years ago
A good attendance for planning ahead
-
Australia4 years ago
Severe, unusual weather likely to cause damage
-
Australia4 years ago
Ten ways to scrap plastic without breaking the bank
-
World4 years ago
Сhinese navy jets master daring night maneuvers on aircraft carrier (VIDEO)
-
World4 years ago
Know-how: Canadian hospital first to сure patients with virtual reality
-
fun5 years ago
Will Gompertz reviews Lin-Manuel Miranda’s musical Hamilton ★★★★★