News

Snagging silver on the week was yet another Runners/ASX debutant in defence technology, Boresight Limited. The company listed on Wednesday after raising $8 million at 20c per share, and it would seem the stock was in tight supply, with it absolutely flying off the shelves on day one. Read More ...

Boresight Chief Executive Justin Olde welcomed the company’s ASX debut, stating he was "very happy" with its opening performance. Watch Video ...

An Australian company making drones for military shooting practice is up more than 160 per cent in its first two days of trading. Watch the Video ...

Boresight has entered the ASX as a defence technology company specialising in aerial target drones, with global military customers, expanding manufacturing operations, and a growing role in modern defence training solutions. Read More ...

In this week’s HotCopper Wire episode, Isaac McIntyre and Jonathon Davidson crack into why Australian traders are rotating into defensive stocks so heavily (who can blame them, really) and the big AI story in the States. Listen to the Podcast ...

An Australian company that makes cheap drones for armies to destroy during training has soared after making its stock exchange debut. Boresight shares were changing hands at 36c on Wednesday afternoon, up 80 per cent from the 20c offer price in its $8 million initial public offering, giving the company a market value of $75 million. “I wouldn’t say we’re surprised at the result,” Boresight managing director and chief executive Justin Olde told AAP. “There was a lot of interes

A Canberra-based drone manufacturer has commenced trading on the Australian Stock Exchange in an $8 million initial public offering. The company issued 209 million shares on 10 June at a listing price of 20 cents in a bid to raise an additional $8 million in capital. Boresight manufactures quadrotor and fixed-wing target drones designed to train counter-uncrewed aerial system (C-UAS) operators and systems and for live-fire evaluations of systems. https://region.com.au/world-l

https://www.manmonthly.com.au/boresight-expands-target-drone-range/

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