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nipper

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  1. Since its liftoff early Oct, from 2.2c, STM has risen to close at 6.8c today. Based mainly on the initial news release, plus a bit of active publicity https://www.mining.com/web/meet-the-metals-hunter-who-wants-to-make-it-big-in-ecuador/ • Sunstone is undervalued (they claim) o Market Capitalisation = ~A$100 mill o Equity Investments + Cash = ~A$21 mill o Delivering Enterprise Value of Ecuador exploration projects = ~A$80 mill – we would argue, this is grossly undervalued for the early stages of what could be a significant discovery at the El Palmar project ......... Further assay results from El Palmar are due in November
  2. hard to keep a market happy. Codan came out with an August FY21 reporting ROE of 36% Almost zero debt despite spending $174 on acquisitions Every section jumped except tactical comms, which was down 8%. Land Mobile Radio had record year. News of losing Don McGurk in 9 to 12 months probably did not help, as he has significant holding which may be sold down/ off. And yet that was the peak; at $19. Today Codan is $11 after a further 20% fall after AGM presentations. Firing on all cylinders, etc, though Govt contracts few and far between, Covid still biting into sales, shipping costs higher.
  3. Star Metals is another mining hopeful. Finally got the tick and listed on the ASX, nearly a month late. Opened at the issue price of 20c and has been hovering around or a cent above that level
  4. things go up, things go down .... and KOR has a second chance ..... Up 177% today, as it has the Metal of the Moment. Replying to ASX query The Company is in discussions with magnesium metal users and magnesium buyers, including car makers (Fiat and Daimler), and aluminium/magnesium alloy producers regarding potential supply of magnesium metal from Korab Group’s Winchester magnesium project located near Darwin in the Northern Territory. No commercial terms have been agreed between the parties. These discussions are incomplete. There can be no certainty that any agreement or agreements can be reached or that any transaction will eventuate from these discussions. Accordingly, no investment decision should be made on the basis of this information. The Company is also internally assessing the use of two solar farms adjacent to the Winchester project (Batchelor 1, and Batchelor 2) that have a combined capacity of 22MW as the energy supplier to the project with the view to Winchester becoming a “zero-carbon” magnesium project. No discussions have been commenced with the owners and operators of the two solar farms pending the completion of the internal assessment. 2. The discussions mentioned above are at an early stage and are incomplete. Consequently any announcement of the details of these discussions would be premature and speculative. 3. As a further explanation to the recent trading in its securities, the Company points to: a. Recent media articles and TV news stories regarding a threat of an imminent halt to global car production due to depletion of stockpiles of magnesium metal used as alloying element in production of aluminium alloys, which are then used extensively in car production. According to these articles, the shortage of magnesium metal is caused by severe cuts to magnesium production by China, which accounts for close to 90% of global magnesium metal production. b. Magnesium metal price rising from approximately $2,000 per tonne in October 2020 to approximately $3,200 per tonne in September 2021, and $11,000 per tonne in October 2021.
  5. and LMG ended up 60% on the day American end users feeling Mg supply constraints https://www.bloomberg.com/news/articles/2021-10-14/aluminum-makers-sound-the-alarm-about-u-s-magnesium-shortage
  6. .... now up > 50% today. ...... and from the Chinese media : Chinese magnesium exports likely to drop 10% in 2021 amid global shortages https://www.globaltimes.cn/page/202110/1237167.shtml
  7. Up 40% today. A worsening magnesium shortage ... Chinese producers crimped by power cuts
  8. very little on LMG for 10 years. Is it the same company? Latrobe Magnesium Limited (LMG) is developing a magnesium production plant in the Latrobe Valley, Victoria, using its world first patented extraction process. LMG intends to extract and sell magnesium metal and cementitious material from Yallourn ash, which is currently a waste stream from brown coal power generation. Seem to be staying true to label, and things moving along. Up 30%+ today to 4.5c .... last week. issued a total of 120 million ordinary shares to investors at an issue price 2.5 cents and 60 million attaching options exercisable at 4 cents within the next two years. Update on Funding Plan LMG will provide both magnesium and supplementary cementitious materials samples produced from the Yallourn fly ash to two potential cornerstone investors within the next month so that they can finalise their investment in LMG by January 2022. LMG also has a grant application with the Victorian State Government which is currently being assessed. LMG estimates that the current cost of the first stage of the initial plant will be in the order of $45 million and the company is extremely confident of securing cornerstone, together with government funding over coming months. To date there has been some $2.5 million has been spent on the initial plant.... and looks like these investors plus Project Funding (being Research & Development Rebates & project finance) may even get them over the line.
  9. Vulcan Steel Limited (VSL) is the only Australasian wide, pure play, value added steel distributor and processor. Vulcan operates as a key link in the steel value chain between steel producers and end users. Vulcan distributes steel products, including carbon steel, stainless steel and engineering steel to a diversified customer base including customers in engineering, manufacturing, fabricating, transport, mining and a broad range of other market segments. Vulcan also provides value added processing services for steel coils, steel plate, stainless steel and engineering steel. Vulcan cuts, drills, slits and shapes for fabrication, assembly or downstream processing by customers. Vulcan was founded by Peter Wells in 1995 in Auckland, and has grown significantly over the last 26 years, both organically and through acquisitions. Vulcan has 29 operating sites across Australia and New Zealand, which are strategically located to serve the local customer base. Vulcan had 842 employees at 30 June 2021 and served an average of 7,000 active trading accounts each month in FY21. Vulcan generated NZ$731.5m pro forma sales and NZ$129.7m pro forma EBITDA in FY21. Listing date ...... 04 November 2021 ; 12:00 PM AEDT ## Company contact details ..... www.vulcan.co Principal Activities .... Steel distribution and processing. Vulcan distributes engineering and stainless steel, processed plate and coil, from 29 sites throughout Australasia. Issue Price ..... AUD 7.10 Issue Type ..... Ordinary Fully Paid Shares Security code ......... VSL Capital to be Raised ........... $371,600,000 Expected offer close date ......02 November 2021 Underwriter ....................... Fully underwritten. Credit Suisse Holdings (Australia) Limited and UBS Securities Australia Ltd (Joint underwritters and Lead Managers)
  10. and doing well. Third Quarter results; OVERVIEW: ▪ Third consecutive quarter of record revenue growth. Quarterly revenue of $91.1m achieved, up 31% on the prior corresponding period, and up 5.4% on the previous quarter. ▪ Australia generated $79.7m in revenue, up 26% vs PCP, largely driven by its continued focus on service offering diversification. ▪ Mader expanded its operations across North America to generate $8.7m in quarterly revenue, up 61% vs PCP excluding foreign exchange movements (57% on an A$ basis). North American management team bolstered during the quarter with senior managers relocated to the US and repositioned into Canada to maintain strong growth. ▪ Rest of World operations generated $2.7m in quarterly revenue, up 307% vs PCP. Activity levels remain impacted by mobility and health restrictions. ▪ Trade Upgrade Apprenticeship Program recognised with a Training Excellence Award at the 2021 Australian Business Awards. ▪ National strategic support alliance established with Austin Engineering Ltd (ASX:ANG); a market leader in the design and manufacture of load and haul solutions. ▪ Net debt closed at $18.8m, down from $23.9m in Q4 FY21.
  11. they come and they go On October 25th, 2021, Think Childcare Group (TNK) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the TNK and Think Childcare Development Limited scheme of arrangement.
  12. nipper

    LITHIUM

    Australias second biggest lithium mine will resume production on the back of surging prices for the battery commodity. Mineral Resources said the Wodgina mine in WA would resume production before 30 September next year under an agreement reached with its partner, US lithium giant Albemarle. Wodgina ranks behind only the Greenbushes mine , owned by Albemarle, Tianqi and IGO Limited, in terms of its ability to produce large volumes of lithium rich spodumene concentrate. But Mineral Resources said the mine, which was idled amid weak lithium prices in 2019, would restart at only about one third of its 750,000 tonnes per year capacity.
  13. a fortnight late, pretty normal for minnow miners getting to the ASX; EMS opened up at 23c and traded around that level for most of day one. Closed at 24c
  14. nipper

    AZL

    On 04 October, 2021, Hawkstone Mining Limited (HWK) changed its name and ASX code to Arizona Lithium Limited (AZL). ..... and on 04 October, AZL was 4.1c. Some three weeks later it is up over 100% at 9.3c. During this rise, the ASX issued a Price and Volume Query; the company answered that nothing was untoward: 1. No 2. N/A 3. The Company notes that lithium carbonate prices in China have traded at record highs in October. The Company’s 100% owned Big Sandy Project, located in the US Battery Corridor in Arizona hosts a JORC compliant Maiden Mineral Resource, with a Total Indicated and Inferred Resource of 32.5 Million Tonnes (Mt) grading 1,850 parts per million (ppm) Li, or 320,800 tonnes Lithium Carbonate Equivalent (LCE), reported above an 800 ppm Li cutoff. The Company has recently completed the spin-out of its gold and copper assets to Diablo Resources Limited and has returned to a being a lithium focused explorer and developer. 4. In Compliance .... however with large volumes going through (220mill today) there is vigilance by ASIC that there is no Pump n Dump activity taking place.
  15. not sure when AEV tilted away from African phosphate, but current activities are in Australia Jundee South Gold Project Over 720km2 of tenements in the well established Yandal Greenstone Belt, WA Located ~5km west of Northern Star’s 10Moz+ Jundee Mine Along strike to Bronzewing (Northern Star), Flushing Meadows (Yandal Resources), and 20km east of the 10 Moz Wiluna Mining Centre (Wiluna Mining) Recently completed AC drilling identified 2 gold trends & priority targets Follow up RC drilling program planned at drill targets MF02 and YaN11 for Q2 upon completion of further resampling and geological interpretation Wonarah Phosphate Project One of Australia’s largest phosphate projects Measured Resource of 64.9 Mt @ 22.4% P2O5 Indicated Resource of 133 Mt @ 21.1% P2O5 Inferred Resource of 352Mt @ 21% P2O5 (15% cutoff) Close proximity to natural gas, highway, water and export port Scoping study has commenced for Concentrate and MAP/ DAP Processing project
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