Dateline Resources (ASX:DTR) has had a pretty good year, and it all started when the company’s ‘Colosseum’ rare earths project was named by Trump specifically, on his version of Twitter called Truth Social, earlier this year.
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If you want proof it’s had a pretty good run, look at YTD performance – in the kind of stellar run only a mining speccy could pull off, returns across the last ten months are up +11,000%. It even achieved this with some 4B shares on issue.
So, overnight, Trump and Albo’s rare earths deal meeting surely would have been good news for Dateline, the exact same way we’ve seen Alcoa and Arafura pop today, right? Well, no, not really.
In fact, DTR shares are down nearly -10% to just below 40cps in the early arvo Tuesday session; earlier this month (before talks of a critical minerals meeting deal), they sat above 60cps. At the end of the day, it didn’t cop a mention.
Meanwhile, Arafura appears to have been a winner, given it’s had fresh interest from the U.S. EXIM bank; so too Australia.
Not even Lynas, which actually produces rare earths, really had a solid win out of it. Lynas shares joined DTR’s in being red on Tuesday; so really it does appear that stocks with U.S. exposure (Alcoa) or high-profile executives part of the Trump ecosystem (Gina) really have been the ones most preferred.
(Which is exactly what I predicted at the end of last week.)
Interestingly, one perhaps unexpected winner from the meeting overnight was Energy Transition Metals, who have the effectively stranded mining project in Greenland.
On that side, they’ve spiked +7% on post-Trump Tuesday so far, despite not even really being part of the overall Aussie trader calculus.
At the intersection of ETM’s successes are its listing on the ASX in the first place, and then the obvious catalyst which is the whole ‘let’s invade/buy Greenland thing,’ a curious introductory reminder of the Trump 1.0 agenda early into the second when the United States genuinely spent a few weeks in early 2025 telling anybody who would listen the world’s #1 economy wanted to buy the world’s ~#200th, according to Global Tenders (and measured by GDP).
So far, investors appear to be holding onto hope for that.
DTR last traded at 10cps.
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Notice of correction: An earlier reference to Arafura shareholders was removed from this article at the request of the relevant party.
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