James Whelan and Heath Moss of HLM Investments unpack a volatile week in global and Australian markets on Theory of Thing, powered by Small Caps.
They discuss US midterm market reactions, policy and community headwinds for data-centre projects, the AI trade, Goodman Group and Digital Realty’s interest in a 9.9% NEXTDC stake, and the RBA’s latest rate decision. Heath’s outlook for a possible rate pause is his view, rather than a forecast from the RBA.
James also reflects on David Jones before the Small Caps headlines. Company updates include Skylark Minerals, Viridis Mining and Minerals, Cobalt Blue, IODM, SciDev, Rox Resources, Aldoro Resources, Caprice Resources, Impact Minerals and Metal Powder Works. The closing market discussion covers equity charts, bond yields, copper, the US dollar and gold ETFs.
Two factual clarifications appear in the video: Viridis’ Solvay offtake describes approximately US$915 million in minimum revenue over 2029–2034, conditional on delivering contracted volumes. Impact Minerals’ proposed Altrica Advanced Materials name remains subject to shareholder approval on 30 November 2026.
Recorded 6 November 2026. Market comments, forecasts and development plans reflect the speakers’ views and information available at recording time.
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General information only; not personal financial advice. This discussion does not take your objectives, financial situation or needs into account.
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