1 00:00:04,160 --> 00:00:06,640 Speaker 1: Welcome to Fear and Greek Business News. The afternoon report 2 00:00:06,680 --> 00:00:09,399 Speaker 1: for Monday, the sixth of October twenty twenty five. I'm 3 00:00:09,440 --> 00:00:12,040 Speaker 1: Sean Alma. Every afternoon, we've got the five stories that 4 00:00:12,119 --> 00:00:15,000 Speaker 1: happened today that you need to know about. It's a 5 00:00:15,000 --> 00:00:18,080 Speaker 1: pretty quiet day, mind you, with half the country on 6 00:00:18,160 --> 00:00:20,800 Speaker 1: a public holiday. A straight number one. The Australian share 7 00:00:20,840 --> 00:00:25,760 Speaker 1: market closed today down slightly, but not before an early 8 00:00:25,880 --> 00:00:29,000 Speaker 1: rally pushed the local Bourse to a high of niney 9 00:00:29,240 --> 00:00:32,159 Speaker 1: nineteen points. Broadly, gains in gold and copper minds were 10 00:00:32,159 --> 00:00:36,159 Speaker 1: offset by losses in tech. The price of gold pushed 11 00:00:36,159 --> 00:00:38,959 Speaker 1: beyond that thirty nine hundred US dollars and ounce. By 12 00:00:39,000 --> 00:00:42,160 Speaker 1: the close, SMPA six two hundred was down at zero 13 00:00:42,159 --> 00:00:45,080 Speaker 1: point one percent to eighty nine hundred and eighty one points. 14 00:00:45,640 --> 00:00:47,599 Speaker 1: The tech sector led the losses, as I mentioned in 15 00:00:47,600 --> 00:00:50,440 Speaker 1: line with Wall Street. Over the weekend, software firm Iris 16 00:00:50,440 --> 00:00:52,600 Speaker 1: and Weis tech glob will both fill more than two percent. 17 00:00:52,960 --> 00:00:55,120 Speaker 1: Linus Rare Earths was the top performer, up more than 18 00:00:55,120 --> 00:00:58,080 Speaker 1: seven percent. On reports at China and Malaysia are in 19 00:00:58,160 --> 00:01:02,920 Speaker 1: early talks for a project tos Rare Earths. Big miners 20 00:01:02,960 --> 00:01:05,319 Speaker 1: generally will lower the energy companies higher and the banks 21 00:01:05,400 --> 00:01:08,000 Speaker 1: were mixed. The share price of Britain Broncos the company 22 00:01:08,360 --> 00:01:11,480 Speaker 1: jumped twenty seven percent to a record closing high after 23 00:01:11,520 --> 00:01:14,759 Speaker 1: their win in the NRL Grand Final yesterday. Story number 24 00:01:14,760 --> 00:01:18,680 Speaker 1: two Communications Minister Arnika Wells will meet with the big 25 00:01:18,840 --> 00:01:23,039 Speaker 1: telcos tomorrow about triple zero failures, but today admitted that 26 00:01:23,160 --> 00:01:25,800 Speaker 1: new legislation due later in the week would not have 27 00:01:25,920 --> 00:01:29,320 Speaker 1: been able to prevent the fatal Optus outage. The new 28 00:01:29,440 --> 00:01:32,840 Speaker 1: legislation will introduce a new Triple zero custodian, elevating an 29 00:01:32,840 --> 00:01:36,160 Speaker 1: already existing body out of the Department of Communications to 30 00:01:36,200 --> 00:01:40,200 Speaker 1: be a holistic best practice custodian. It will also get 31 00:01:40,319 --> 00:01:43,800 Speaker 1: stronger powers to crack down on telcos, she said. Wells 32 00:01:43,880 --> 00:01:46,560 Speaker 1: said once the legislation goes through Parliament, there will never 33 00:01:46,640 --> 00:01:49,400 Speaker 1: have been stronger laws and stronger powers for the regulator 34 00:01:49,440 --> 00:01:52,640 Speaker 1: here to crack down on telcos when they fail Australians. 35 00:01:52,920 --> 00:01:56,760 Speaker 1: Story number three Perth Company predictive discovery in Canadian group 36 00:01:56,840 --> 00:02:00,920 Speaker 1: Aerobics Resources will merge to create a new Aasex Gold 37 00:02:00,960 --> 00:02:03,400 Speaker 1: company with a market cap of about two point four 38 00:02:03,440 --> 00:02:07,440 Speaker 1: billion dollars. Predictive Discovery's key asset is the bank and 39 00:02:07,520 --> 00:02:10,400 Speaker 1: project in Guinea, West Africa, which has an estimated average 40 00:02:10,400 --> 00:02:13,680 Speaker 1: production of about two hundred and fifty thousand ounces peranum 41 00:02:13,720 --> 00:02:17,880 Speaker 1: over twelve years. Roebecks is currently constructing a project in Guinea, 42 00:02:17,960 --> 00:02:22,000 Speaker 1: also its schedule to achieve first production in December about 43 00:02:22,000 --> 00:02:25,240 Speaker 1: one hundred and thirty nine thousand ounces perinem over nine years. 44 00:02:25,560 --> 00:02:30,200 Speaker 1: Following the completion of the transaction, existing predictive Discovery shareholders, 45 00:02:30,400 --> 00:02:32,520 Speaker 1: we learn about fifty one percent of the merge entergy 46 00:02:32,919 --> 00:02:36,800 Speaker 1: Ex Roebex shareholders forty nine percent. Sorry number four, please 47 00:02:36,840 --> 00:02:39,320 Speaker 1: say it is remarkable that no one was killed in 48 00:02:39,360 --> 00:02:42,200 Speaker 1: the Sydney shooting spree on Sunday. We're up to fifty 49 00:02:42,280 --> 00:02:45,520 Speaker 1: rounds of bullets we're indiscriminately fired by a sixty year 50 00:02:45,520 --> 00:02:48,880 Speaker 1: old suspected gunman. The man is an employee of Transport 51 00:02:48,919 --> 00:02:51,840 Speaker 1: New South Wales. He has no known links to terrorists 52 00:02:52,000 --> 00:02:55,160 Speaker 1: or gang groups. The father of adult children, was arrested 53 00:02:55,200 --> 00:02:58,480 Speaker 1: at a Croydon Park address in Sydney's Inner West, taking 54 00:02:58,560 --> 00:03:02,320 Speaker 1: Bankstown Hospital where he was tree and psychologically evaluated. He 55 00:03:02,360 --> 00:03:04,720 Speaker 1: has now been released from hospital and is expected to 56 00:03:04,760 --> 00:03:08,040 Speaker 1: be charged with a string of in fences, including a 57 00:03:08,120 --> 00:03:10,880 Speaker 1: number of firearm offences. New South Wales Police said the 58 00:03:10,919 --> 00:03:14,079 Speaker 1: male person has no reported mental health history with us. 59 00:03:14,480 --> 00:03:16,639 Speaker 1: No motive has been established as a man is still 60 00:03:16,680 --> 00:03:20,080 Speaker 1: being interviewed and the crime scene is still active, but 61 00:03:20,160 --> 00:03:24,040 Speaker 1: attempted murder could potentially be one of the charges he faces. 62 00:03:24,440 --> 00:03:27,760 Speaker 1: And story number five. More than two hundred hikers stranded 63 00:03:27,800 --> 00:03:30,880 Speaker 1: by a blizzard on the Tibetan slaps of Mount Everest 64 00:03:31,080 --> 00:03:34,639 Speaker 1: remain to be rescued, as Chinese state media say authorities 65 00:03:34,639 --> 00:03:37,000 Speaker 1: have been able to contact all of them. Some three 66 00:03:37,120 --> 00:03:39,760 Speaker 1: hundred and fifty others have been left to safety by rescuers. 67 00:03:39,800 --> 00:03:43,520 Speaker 1: According to media reports, heavy snow trapped hundreds of tourists 68 00:03:43,560 --> 00:03:47,080 Speaker 1: trekking Tibetan valley leading to Mount Everest's eastern face over 69 00:03:47,120 --> 00:03:49,440 Speaker 1: the weekend. It was the start of an eight day 70 00:03:49,520 --> 00:03:53,120 Speaker 1: national holiday in China, so many many trekkers. Snowfall has 71 00:03:53,160 --> 00:03:56,200 Speaker 1: been unusually high in that area for this time of year. 72 00:03:56,560 --> 00:03:58,840 Speaker 1: That's it the Afternoon Report for Monday, the sixth of 73 00:03:58,840 --> 00:04:00,880 Speaker 1: October twenty twenty five. To make sure you hit follow 74 00:04:00,880 --> 00:04:03,320 Speaker 1: on the podcast, we will be back tomorrow morning with 75 00:04:03,400 --> 00:04:05,800 Speaker 1: a Tuesday edition. At the past five. I'm suan i 76 00:04:05,880 --> 00:04:07,240 Speaker 1: elma enjoy your evening.