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nipper
Posted on: Yesterday, 08:37 PM


Group: Member
Posts: 8,732

in October 2020, placement to raise up to $2 million closed well oversubscribed.
''
and in Dec 2020
QUOTE
• Approximately AUD$1m to be raised through placement at $0.005 per share
• Funds raised will be used to repay ATO debt
• Value of listed investments currently $9.2m
• Debt reduced by $4.7m since June 2020
Cyclone is pursuing development of processing options for its copper, gold, cobalt assets in the Mount Isa region of north western Queensland. The Company decided that it was an opportune time for investment in the development of new environmentally friendly processing technology for copper and other valuable metals.

Since October, the Company has been developing a drilling / trial processing plan to utilise its Lady Ethleen project as a trial / demonstration deposit for development of an environmentally friendly alkaline leach processing solution. The Company had previously done sufficient work on the Lady Ethleen project to ascertain a deposit of sufficient size for trial mining and processing.


06 April 2021: ... drilling at its Lady Ethleen Project completed and sufficient samples have been obtained to conduct all of the planned Glyleach testwork at the MPS facility in Perth, Western Australia.

Approximately 330kg of material was collected from each of the three test zones to facilitate testing of oxide, transitional and sulphide material across the three leaching environments of static (heap leach simulation), semi static and active (continuous leach simulation) leaching.

  Forum: By Share Code

nipper
Posted on: Yesterday, 06:10 PM


Group: Member
Posts: 8,732

and firming up
QUOTE
German raw material trading giant Thyssenkrupp has moved to shore up supply by signing a binding offtake agreement with West Australia based Hastings Technology Metals Limited.

The offtake agreement revealed on Tuesday covers the supply of 70,000 tonnes of mixed rare earths carbonate over 10 years and is a big boost to Hastings hopes of getting its $449 million Yangibana project off the ground.
now, the money?
  Forum: By Share Code

nipper
Posted on: Yesterday, 05:20 PM


Group: Member
Posts: 8,732

and a 70% leap today
Speeding ticket tomorrow
(unless this washes)
QUOTE
HIGHLIGHTS
• 60,000,000 Unlisted Options exercised at $0.0045 to raise $270,000.
• Airborne survey has been completed by Precision GeoSurveys Inc. over the Hook Lake Project.
• Data from the survey will assist with the preparation of the follow-up ground-based program to identify new targets along with follow-up work on historical grab samples from trenching that returned assays up to 63% U3O8.
• Permit applications are in progress for the upcoming ground-based work following up on historical data and the airborne survey just completed

  Forum: By Share Code

nipper
Posted on: Yesterday, 04:10 PM


Group: Member
Posts: 8,732

Analysts are suggesting there are many assets within Telstra that are not being adequately valued. Separating them will recognise the value of infrastructure style assets that can generate stable, recurring revenues, resulting in a far higher valuation than the present share price.
The towers business carries a modest asset value of just $300 million on the Telstra balance sheet after heavy depreciation. Once towers are in place and connected to the fibre backhaul, they are expensive to replicate and therefore extremely valuable.

Experience overseas shows that Telstra is following a well-trodden path as it seeks to increase shareholder value. An analyst says that mobile tower companies can trade at EBITDA multiples (earnings before interest, tax, depreciation and amortisation) ranging between 21-27 times earnings. By comparison, Telstra trades on an EBITDA multiple of around eight times.

The belief is through a partial or full selldown of these assets Telstra can realise this valuation arbitrage and increase shareholder returns.

Support for this view comes by referencing American Tower, which is listed in the US. The largest tower business in the world, it bought AT&T's long-distance phone lines years ago and used them to host mobile infrastructure.

American Tower is today valued at more than $US100 billion ($130 billion). It trades at over 20 times EBITDA, while AT&T trades at just seven times.

Also, Vodafone spun off its mobile tower assets in March this year on an EBITDA multiple of around 20 times.

There are few downsides for the proposed restructure other than Telstra risking its network advantage if the mobile towers separation is not properly structured.

American Tower's success has been in hosting multiple networks from a single piece of infrastructure. It has been able to scale nicely. For Telstra's tower businesses to do the same, Telstra would have to allow other networks access to those sites. There is a clear trade-off here. To maximise the value of its infrastructure, Telstra needs to allow other networks access to it. If it does that, it risks its network superiority.

The Australian Competition and Consumer Commission (ACCC) is another risk to this restructure. A split of the towers and infrastructure assets potentially opens the door to other networks also utilising those assets which could even the playing field.
  Forum: By Share Code

nipper
Posted on: Yesterday, 01:45 PM


Group: Member
Posts: 8,732

wow, still listed

Multistack International Limited (MSI) operates in the heating, ventilation and air conditioning (HVAC) industry throughout Australia. The Group operations involves the sale and service of Multistack water and air-cooled water chillers used in commercial air-conditioning and process cooling applications. The Group also has agency relationships with agents in New Zealand, Philippines, South Korea and the Middle East.


with a Market Cap of $13 million (depending on which day it is priced), the shares have been trading for bugger all 1c to 2c for years when there is a trade at all. Then early March a spurt and yesterday, up 100% 6c to 12c. Coming back a bit today.

In response to the ASX query, the answers were:a) Nob) Not Applicablec) UnawareD) In compliance

Probably those redditors
  Forum: By Share Code

nipper
Posted on: Yesterday, 01:07 PM


Group: Member
Posts: 8,732

* QUARTERLY GOLD SALES INCREASED 31% TO 87,215 OUNCES

* AISC FOR QUARTER WAS US$999 PER OUNCE

* ON TRACK TO ACHIEVE GOAL OF PRODUCING MORE THAN 500,000 OUNCES OF GOLD PER YEAR

* GOLD PRODUCTION AND AISC MARKET GUIDANCE FOR JUNE 2021 HALF YEAR REMAINS UNCHANGED

  Forum: By Share Code

nipper
Posted on: Yesterday, 11:36 AM


Group: Member
Posts: 8,732

A 3,000m RC drilling program has recently been completed at the Wyacca Prospect at the Mt Craig Copper Project in South Australia with 30 holes drilled. Shallow, near surface copper mineralisation is being targeted.

Assay results should be due soon.
  Forum: By Share Code

nipper
Posted on: Yesterday, 10:30 AM


Group: Member
Posts: 8,732

from https://www.sharecafe.com.au/2021/04/19/cha...ative-elements/


QUOTE
In recent years, [there has been a] two-speed nature of stock markets globally. As interest rates fell and investors searching for returns entered the market, their strong preference was for 'low-risk' assets. At different times they have found these qualities in defensive companies, such as consumer staples, real estate and infrastructure, and at other times, in fast-growing businesses in areas such as e-commerce, payments and software. At the same time, investors have been at pains to avoid businesses with any degree of uncertainty, whether that be natural cyclicality within their business or exposed to areas impacted by the trade war. Last year, this division was further emphasised along the lines of 'COVID winners', such as companies that benefited from pantry stocking or the move to working from home, and 'COVID losers', such as travel and leisure businesses. Over the last three years, these trends within markets created unprecedented divergences in both price performance and valuations within markets.


However, as we noted last quarter, this trend started to reverse at the end of 2020, as a combination of successful vaccine trials and the election of US President Biden pointed to a clearly improved economic outlook. The result was 'real world' businesses in areas such as semiconductors, autos and commodities started to see their stock prices perform strongly and this has continued into the opening months of 2021.
Meanwhile, the fast-growing favourites continued to perform into the new year, though these have since faded as the rise in bond yields accelerated. Many high-growth stocks have seen their share prices fall considerably from their recent highs, with bellwether growth stocks such as Tesla (down 27% from its highs), Zoom (down 45%) and Afterpay (down 35%).

Theoretically, rising interest rates have a much greater impact on the valuation of high-growth companies than their more pedestrian counterparts. As such, it is not surprising to see these stocks most impacted by recent moves in bond yields and concerns about inflation.....

... and the ASX is definitely not dominated by high growth, so yes your question is relevant, eb ....

It is kinda strange to me that aussie market not out perform other major market during last three months!! i consider aussie market as conservative market. do i got it wrong?
  Forum: Macro Factors

nipper
Posted on: Yesterday, 09:30 AM


Group: Member
Posts: 8,732

Galaxy chief executive Simon Hay, who previously worked for BHP, said the surge in lithium prices over the past nine months was more sustainable than the boom that occurred between 2014 and 2018.
QUOTE
This time around the demand has a lot more legs, it is a lot more durable, he told The Australian Financial Review on Monday. Previously, China spoke for three quarters of demand and growth. Now we see Europe is outpacing China in growth and in gross numbers of tonnage of lithium, and North America is just emerging, so you will have three major growth fronts, not just one. So that is why we are really confident in the demand projections.


Mr Hay – who will be president of international business for the merged entity – said there was no intention to push the market into oversupply again.

QUOTE
A lot of the producers, and Orocobre and Galaxy are in this club, are definitely rational. We have both taken tonnes offline when we needed to and most of the majors are doing the same, so I think that helps in stabilising the lithium industry, he said.


  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 08:34 PM


Group: Member
Posts: 8,732

We'll, it's geared into companies that are geared.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 08:03 PM


Group: Member
Posts: 8,732

Had me thinking, what did you see (that may not be there?)
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 04:58 PM


Group: Member
Posts: 8,732

Freelancer Limited (FLN) is engaged in freelancing, outsourcing, and crowdsourcing marketplace for small business. FLN connects over 40 million employers and freelancers globally from over 247 countries, regions and territories. Employers can hire freelancers to do work in areas such as software development, writing, data entry and design right through to engineering, the sciences, sales and marketing, accounting and legal services.


FLN has been listed since late 2013. It offered shares at 50c, opened above $2.00 but has not seen such levels since. GFC saw it way down, into the 20's and today pushed to a 12 month high at 77c. Market cap now $220 million


Got to work hard; lots of competition in the space. Has taken 7 years for sales per share to double. Just achieved cash flow positive but earnings are still negative.


  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 04:38 PM


Group: Member
Posts: 8,732

new high for the 12 months; very late in the day, OMH pushed through and then settled at 90c
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 03:45 PM


Group: Member
Posts: 8,732

ZNC seeing a nice share price lift today as a result of their 25% Free Carried Interest in the Earaheedy Project Joint Venture with Rumble Resources.

Currently up 61.5% to 21.5c and trading at highs not seen since 2012.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 01:47 PM


Group: Member
Posts: 8,732

QUOTE
Awaiting drilling and results with great anticipation ....

and they are in. was 10c a week ago, and today, at 30c. Wide intersections and good grades, and a likely prospective mineralised zone over 45km of strike. !..
Major Zinc-Lead Discovery at Earaheedy Project, Western Australia
QUOTE
The Chinook Prospect has the potential to be at the upper end of the existing exploration target based on the consistent grades (4% to 5% Zn + Pb), the true thickness (up to 34m vertical), the intersection of Zn / Pb over 2km of strike, the width over 1.1km and the mineralisation being open in all directions.



Of importance is the shallow nature of the Zinc-Lead mineralisation, which is amenable to large scale open cut mining scenarios.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 10:57 AM


Group: Member
Posts: 8,732

up 5% today.... gold is on a march! Again.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 09:37 AM


Group: Member
Posts: 8,732

QIC and AGL Energy, in conjunction with New Zealand power company Mercury NZ, have heated up the bidding war for Tilt Renewables, raising their offer for the company from $NZ7.80 a share to $NZ8.10 a share.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 09:35 AM


Group: Member
Posts: 8,732

Orocobre and Galaxy said they will merge via a Galaxy scheme of arrangement, under which Orocobre will acquire 100 per cent of the fully paid ordinary shares in Galaxy. Galaxy shareholders to receive 0.569 new fully paid ordinary shares in Orocobre for each Galaxy share held.

Upon completion of the scheme, Galaxy shareholders will own 45.8 per cent of the fully diluted share capital of the combined entity and Orocobre shareholders will own the remaining 54.2 per cent, reflecting an at-market merger.
  Forum: By Share Code

nipper
Posted on: Apr 19 2021, 09:35 AM


Group: Member
Posts: 8,732

Orocobre and Galaxy said they will merge via a Galaxy scheme of arrangement, under which Orocobre will acquire 100 per cent of the fully paid ordinary shares in Galaxy. Galaxy shareholders to receive 0.569 new fully paid ordinary shares in Orocobre for each Galaxy share held.

Upon completion of the scheme, Galaxy shareholders will own 45.8 per cent of the fully diluted share capital of the combined entity and Orocobre shareholders will own the remaining 54.2 per cent, reflecting an at-market merger.

The merger creates a leading ASX lithium company with about 40ktpa LCE production capacity and a top 5 lithium company globally.

Proforma market capitalisation has been estimated at $4 billion. The combined entity is expected to be included in the ASX 200 index and approach ASX 100 index thresholds.

The deal has been unanimously recommended by the Galaxy board, subject to no superior proposal emerging for Galaxy, and the independent expert concluding that the scheme is in the best interests of Galaxy shareholders.

Each Galaxy director intends to vote all the shares that they hold in favour of the Scheme, subject to the same qualifications.

Martin Rowley will be appointed non-executive chairman and Robert Hubbard will be appointed deputy chairman.

Both Mr Rowley and Mr Hubbard will retire from their roles within 12 months of implementation. They will lead a process to ensure that the longer term board composition is ideally placed to lead the merged entity forward

Martín Pérez de Solay will remain as CEO and managing director of the combined entity while Simon Hay will assume a newly created role as President of International Business reporting to the CEO.

Orocobre said it produced a record 3,232 tonnes of lithium in the March quarter, up 18 per cent on the previous corresponding period.

  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 06:38 PM


Group: Member
Posts: 8,732

Thorney Technologies Ltd (TEK) is an ASX listed investment company. Its principal activity is investing in global, listed and unlisted, technology investments at all phases of the investment lifecycle.

TEK listed after a reverse takeover in early 2017, raising $42 mill at $0.235 cents per share; Alex Waislitz and listed Thorney Opportunity TOP are major holders with about 20%, and Alex Waislitz is also Chairman. Early investments were in APT, ZIP, OVH and NXT.
Some $27.0 million was raised in Nov 2020 via a placement to institutional, sophisticated and professional investors at $0.35 per share; a $10.0 million entitlement at 35c also took place. Market cap is now $140 million.
The five largest portfolio holdings are Z1P, UPD, YOJ, IMU and DUB, which represent circa 24% of TEK's investment portfolio. YOJ, IMU and DUB closed strongly at period end, together with other performing investments in the portfolio, including but not limited to BRN, NTO and RCL, adding to the Group's unrealised gain for the period. During the half year period, the Group became a substantial holder of DUG, CCR, SPA and CLU, and lodged a change of interests of substantial holder notices for VTI, ISU, TNY, DUB, OVH, QFE, JAY, ANR and RCL.

Since 30 June 2020 the Group has held a series of Investor Briefing Webinars; key personnel from YOJ, DOC, CLU, 5GG and CCR participated and these presentations were recorded and are available on the TEK website.

TEK has not paid a dividend during its life; the shares trade at a slight discount of about 10% to NTA
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 05:48 PM


Group: Member
Posts: 8,732

Thorney Opportunities Ltd (TOP) is an investment company listed on the Australian Securities Exchange. principal activity is making investments in listed and unlisted securities. The Company concentrates on producing absolute returns for shareholders over the medium to long term. Its primary focus is on the careful selection of investments which enable it to be a constructive catalyst towards unlocking the value in the companies that it identifies.

It listed on the ASX in 2013 and has a market cap of about $100 million. As it is a LIC, the published NTA for end of March was 67c while trading in its shares has been subdued and is closer to 53c... Because of this discount, the company has embarked in a buyback in the hope of narrowing the gap. Fully franked dividends have been paid since 2016 with the current yield around 4%.

Focusing on the medium and small company sector of the market, the five largest portfolio holdings are SSM, AMA, MNY, PAL and MRM; these constitute 55% of the company's listed portfolio. There is also an interest in the unlisted Australian Community Media Group. With the manager Alex Waislitz seemingly happy to talk the 'book', Investor Presentations drill deep; key personnel from PAL, OVN, COG, ANG, COE and MRM participated and these presentations were recorded and are available on the TOP website.
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 05:26 PM


Group: Member
Posts: 8,732

clearly, WWM didn't make it too much further .... late Dec 2013, the name changed from Wentworth Holdings Limited to Thorney Opportunities TOP
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 12:34 PM


Group: Member
Posts: 8,732

TRIBECA GLOBAL NATURAL RESOURCES LIMITED (TGF) is an ASX listed investment company that joined the ASX in November 2018, raising capital at $2.50 a share.

It is the only LIC with Tribeca Investment Partners, which is a leading boutique fund manager with a twenty year history of innovation and investment excellence. With offices in Sydney and Singapore, Tribeca manages a suite of actively managed traditional and alternative strategies.

TGF invests in metals & mining, energy and soft commodities and the portfolio is currently circa 140% net long :
QUOTE
The Company's net long exposure is at the top end of its historical range given our view of the upside potential from current levels. However, having invested through the peaks and troughs of several commodity cycles we strongly believe that at this juncture we are correctly positioned. Our investment approach is based on the ability to invest actively both long and short and across equities, credit and commodities which does help insulate downside and preserve capital in what is a highly cyclical and volatile sector. There will be other times in the cycle when we expect the portfolio's net exposure to be materially lower, or possibly net short.
Similarly, our ability to focus on high conviction investment ideas across metals & mining, energy and soft commodities provides investors with a diversified and unique way to gain access to the natural resources sector compared to investing in single stocks, ETFs and indices.

Current approximate sector weightings as follows:

35% Base Metals: Mainly exposed to high-quality producers of copper and nickel globally where we see demand and supply deficits for the remainder of the decade as decarbonisation policies consume unprecedented quantities of base metals. We are of the view that equity valuations have more that 100% upside compared to prior cycle multiples.

10% Battery Metals: Mainly expressed through lithium and rare earth companies that are producing at the bottom of the cost curve and will benefit from the rapid expansion of electric vehicle penetration globally.

25% Uranium: There has been a watershed change in recent months with respect to nuclear energy's role in the global energy mix with China, the US and Europe all talking to its strategic importance in the race to decarbonise and we see 200% plus upside to the price of uranium over the medium term.

25% Precious Metals: Historically, positively correlated to rising nominal yields and inflation expectations, the precious metal sector is also trading at historic lows from an equity valuation perspective and provides an ideal counter lever to the remainder of the portfolio.

15% Oil & Gas: Key beneficiary of a rebound in growth as vaccine rollouts globally increase trade and movement leading to a higher consumption of oil. Equity valuations for the sector remain undemanding and cashflow generation is strong at current prices.

20% Infrastructure Related: Key steel making ingredients including iron ore and coking coal will be key beneficiaries of fiscal stimulus programs across the G20 and we see material upside for the equity valuations of producers who are trading well below prior cycle multiples. As an example of this we see BHP trading to over $100 per share during this cycle.

10% Soft Commodities & Renewables: This part of the portfolio has been increasing and will likely become larger over coming quarters. In prior cycles soft commodities have tended to lag hard rock commodities but subsequently outperform. We appear to be in the very early stages of this playing out.

with a market cap of $125million, the LIC is currently trading about 10% below NTA
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 12:00 PM


Group: Member
Posts: 8,732

Sandon Capital Investments Ltd (SNC)'s principal activity is investing for profit. It is a listed investment company whose assets are managed by an external investment manager, Sandon Capital Pty Ltd..

Sandon Capital is an activist value manager. It seeks to buy investments at prices the Manager considers are below the intrinsic value of those investments. It looks for investments with high levels of tangible assets, marketable securities or cash, although investments may not always have these characteristics. The Manager deploys a range of activist strategies aimed at realising or improving the intrinsic value of those investments. The Manager may also take advantage of other market opportunities where it considers there are reasonable prospects for a satisfactory return.

The Company may invest in cash, term deposits, unlisted and listed securities and debt instruments.

Recently paid a 2.5c ff dividend. The company states; current dividend level strikes a balance between paying dividends and retaining capital for reinvestment and growth. There is a suggestion that with a high yield and trading at a discount to NTA that an opportunity to either close the gap or attract an offer, exists.
QUOTE
... SNC shares currently trade at yield of 5.6% (7.6% grossed up for franking) and a discount of 8.6% to 28 Feb 21 pre-tax NTA
... SNC has franking credits equivalent to 10.1 cps and profits reserves of 19.4 cps


Portfolio snapshot ... Top 5 Listed positions:
 Fleetwood Corporation Ltd (14.2%)
 Spectra Systems plc (11.2%)
 COG Financial Services Ltd (9.0%)
 BCI Minerals Ltd (7.0%)
 Coventry Group Ltd (4.3%)
  Forum: By Share Code

nipper
Posted on: Apr 18 2021, 08:05 AM


Group: Member
Posts: 8,732

QUOTE
Top international law expert warns of Morrison government’s failure to act on UN ruling on stranded citizens, as deaths reach three million.
..
  Forum: Off Topic Chat

nipper
Posted on: Apr 17 2021, 04:20 PM


Group: Member
Posts: 8,732

whats is a decade , but a study in obmutescence?

in June 2011, the old HXL delisted because its share volumes and share price were low and the price did not reflect the commercial and technical progress made by the company - the implied market cap hindered the ability to "derive value" from the technologies.

But those technologies seem to have slipped off into the night. The new (revitalised, restructured, recapitalised?) HXL listed on the ASX early December 2020. Came on at 20c but, to date, has not reached that number since. Last trade 17c.


Hexima Limited (HXL) is a biotechnology company actively engaged in the research and development of plant-derived defensin peptides for applications as human therapeutics. Its lead product candidate, HXP124 applied in a topical formulation, is a potential new prescription treatment for toenail fungal infections (or onychomycosis). Hexima is currently conducting a 132 patient Australian phase IIb clinical trial of HXP124 for onychomycosis.
  Forum: By Share Code

nipper
Posted on: Apr 17 2021, 03:17 PM


Group: Member
Posts: 8,732

During the period (1H 21)we relocated our head office from Pyrmont in Sydney to the 3rd level of the new Gowings building on the corner of Harbour Drive and Vernon Street in Coffs Harbour. The new finance team led by 5th generation family member James Gowing have settled in well and having most of the team located under one roof again has been very well accepted. The last domino in the move up to Coffs Harbour rolled over last week with the sale of Gowings’ offices in Pyrmont, Sydney going unconditional.

At Sawtell Commons, our residential subdivision 10km south of Coffs Harbour, stage 2 is close to completion and nearly ready for land title registration and settlement. Works are progressing on stage 3, which depending on the weather should be ready for sale and settlement prior to calendar year end. In part to fund the next stage and pay out our fixed interest rate hedge we drew down a further $10 million of our revolving facility with CBA during the period. The market for residential property in Coffs Harbour has been very strong and we are cautiously optimistic about the sales for the next stage as there is a lot of demand emanating from Sydney and Melbourne, as families wish to relocate to the regions out of metropolitan areas.

The Coffs Harbour Highway bypass plan was officially approved by the Department of Planning in December 2020. Introductory works have begun and Gowings will be a major beneficiary of this project, not least of all from the significant expected shortfall in rental properties in Coffs Harbour as bypass workers move to the area.

At Surf Hardware International (SHI), the surf has been running high. Sales and earnings have been a record for the first half. SHI has been a major beneficiary of the pandemic, particularly people holidaying at home, stimulus spending and the appreciating $AUD. To reward patient shareholders the board has decided to declare a special 1c fully franked dividend from these windfall earnings.

GOWINGS- SINCE 1868
  Forum: By Share Code

nipper
Posted on: Apr 17 2021, 02:11 PM


Group: Member
Posts: 8,732

On December 22nd, 2015, Amalgamated Holdings Limited (AHD) changed its name and ASX code to Event Hospitality and Entertainment Limited (EVT).


Event Hospitality and Entertainment Ltd (EVT) is an Australian provider of entertainment, hospitality and leisure services. EVT has four main operating divisions, namely Entertainment, Hotels & Resorts, Entertainment Technology, and Property & investments. EVT conducts its operations in Australia, New Zealand and Germany.
Market cap $1.9 billion. Was doing OK with increasing revenue, regular earnings, RoE around 10, until Covid hit.
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 08:35 PM


Group: Member
Posts: 8,732

and news on Barrambie Titanium and Vanadium Project (Pilot-stage, 100% NMT, MOU for 50:50 Operating JV)
QUOTE
• For environmental and economic reasons China is transitioning to feedstocks suitable for Chloride Pigment production
• Preference for high grade feedstocks such as synthetic rutile, high quality ilmenites and high grade titanium slags
• As the best mineral sands deposits are being mined out it is getting harder to source high grade feedstocks
• Need to move to further exploitation of high grade VTM deposits

Conditional MOU signed for 50:50 operating JV with leading Ti-V Research Institute IMUMR
• IMUMR has Chinese national mandate to develop upstream supply chains for strategic industries. China is half of global titanium pigment production
• IMUMR (China Geological Survey) to complete Demonstration Plant
• Subject to positive Demonstration Plant trials, Neometals and IMUMR will jointly fund Class 2 Engineering Cost Study on developing mine and concentrator in Australia and downstream processing in China
• Consider FID and proceed to negotiate 50:50 operating JV
• JV will have right to mine Barrambie for commercial consideration payable to Neometals subsidiary holding mining lease e.g. Mineralogy – CITIC – Balmoral Project


  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 06:42 PM


Group: Member
Posts: 8,732

AMP .... record low shareprice.... closing at $1.19
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 05:28 PM


Group: Member
Posts: 8,732

The focus of LRF is on the period from discovery to reserve definition in the junior resource sector. The Manager operates through an Investment Committee which incorporates the experience and knowledge of individuals who have direct working experience in the minerals and energy industries, geosciences, broking, banking, and funds management.

QUOTE
The fund is not frightened to take profits and will realise investments once targets are reached or can no longer be achieved

LRFM prefers to keep holdings to < 5% of any company (although recently, there are several goldies above this level)
Allows a range of exit alternatives in relatively illiquid stocks  In a boutique fund, these positions can still 'move the needle' for performance.
And today, The company has announced it will ...
QUOTE
conduct an on-market unit buy-back of up to 10% of LRT's fully paid ordinary units for a period of 12 months commencing on 16 April 2021 (buy-back). The buy-back will meet LRT's previously stated aims of enhancing unitholder returns and capital efficiency, and maintaining balance sheet flexibility to pursue future growth and investment opportunities.

The buy-back will be funded by existing cash balances and is not expected to negatively impact on LRT's capacity to operate or to fund future investments.
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 01:50 PM


Group: Member
Posts: 8,732

FSG has been preparing responses in partnership with several Local Governments to take part in the $83M Federal Government Regional Digital Connectivity Program (RDC).

This program is designed to provide significant funding for the construction of telecommunications infrastructure to areas that are not serviced today or are current poorly serviced. This program closes on 17 of November 2020, with the results being released in Q3 FY21.

The shareprice had been bouncing along between 2c and 4c from the 2017 reconstruction. The last 12 months has seen some activity, picking up some business with deals in regional areas, making alliances with big telcos, getting a WA mandate for $2million, gearing up for 5G. There has been a gradual SP risierom 6c to 9c and on the basis of this announcement today, jumped to 18c. ..... in something that appears to be ahead of schedule
QUOTE
.... announced that it has been awarded $20.475 million from the Federal Government's $82 million Regional Connectivity Program Fund (RCP). The funding is for the construction of network infrastructure across five states in 12 local government areas.


The construction phase of the projects is planned to commence in August 2021, with revenue flowing from these networks as early as H2 FY22.
  Forum: By Share Code

nipper
Posted on: Apr 16 2021, 01:32 PM


Group: Member
Posts: 8,732

and fell off the spectrum
13 April 2017; on or about this date the company consolidated its shares 1 for 50
On May 1st, 2017, Freshtel Holdings Limited (FRE) changed its name and ASX code to Field Solutions Holdings Limited (FSG).
QUOTE
FSG provides, builds and operates “true broadband networks” specifically for rural, regional and remote Australia. FSG is a licensed Australian telecommunications carrier, providing services via its own telecommunications network (trading under the brands JustISP and Ant Communications) and a NBNco Retail Service Provider.



  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 10:13 PM


Group: Member
Posts: 8,732

Lowell Resources Fund (LRT) listed in April 2018. As a Listed Investment Trust (LIT), is focused on generating strong absolute returns from the junior resources sector. Its experienced team of fund managers has many years of experience in this high risk, high reward sector. Lowell Resources Fund Management (LRFM) manages the portfolio of exploration and development companies operating in precious and base metals, specialty metals and the oil and gas space.
The market cap is only $50 million. Since listing, LRT had an unspectacular first two years ..... but since April 2020, for both in price action and NTA, the returns have been great. Latest NTA for 07 April was $1.70 so the shareprice has not kept up with stated AUM (it is selling at a discount).

The latest Monthly Report is well worth having a look at
QUOTE
Performance Comparison

In the 12 months to 31st March 2021, the Lowell Resources Fund spectacularly outperformed the benchmark, by over 170%. The S&P/ASX Small Resources Index (XSRD) return of 59.7% pa compared to the Fund's remarkable 233.8% 12month change in underlying net asset value per unit (inclusive of distributions and after fees and expenses.

Top Ten holdings:
Lefroy Exploration (Gold) ....... 7.2%
Predictive Discovery (Gold) .... 6.8%
Musgrave Minerals (Gold) ....... 6.1%
De Grey Mining (Gold) ..............6.1%
Centaurus Metals (Nickel) ....... 5.3%
Talon Metals - TSX (Nickel) ...... 5.2%
Genesis Minerals (Gold) .......... 4.6%
Cash ........................................ 4.3%
Caravel Minerals (Copper) ....... 4.2%
Karoon Energy (Oil & Gas) ........ 3.0%
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 08:40 PM


Group: Member
Posts: 8,732

On May 19th, 2020, Caltex Australia Limited (CTX) changed its name and ASX code to Ampol Limited (ALD).


An old name, resuscitated but not from desire but of necessity. A bit of history
QUOTE
26 Nov 2019, Caltex revealed that it had received an unsolicited, conditional, confidential, non binding and indicative proposal from Alimentation Couche-Tard. offering to acquire Caltex by way of scheme of arrangement at an indicative cash price of $34.50 per share less any dividends.

Caltex announced that its board has concluded that the proposal undervalues the company and does not represent compelling value for Caltex’s shareholders.
There was always a bit of tug and push, before, as Caltex had the arrangement with Woolworths with many but not all of their service stations, to run the WOW discount petrol offer. Also the nature of service stations is changing, from suburban garage outlet to large retail outlets on main roads, and without specialist mechanical offerings. Witness 7-Eleven and Coles Express muscling in. It jhas become a volume thing. Discounts, pricing cycles, ACCC monitoring.
and then, Chevron, the owner of the Caltex brand, bought Puma and made the move to rebrand Puma as Caltex. Chevron declined to continue licensing the brand to other servo's / convenience stores .... and so there has been a bit of a rush to reintroduce Ampol.

I think that is what is happening. Saw my first Ampol sign today . Cannot wait for Golden Fleece .


And how is the company going? Costly process to rebrand because that would also imply fit-out upgrades ... all about image. Chevron pressing them to get it done. Otherwise, it is all about petrol margins, ad spend, fries with that. A competitive market.
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 04:30 PM


Group: Member
Posts: 8,732

have not been following DUB .... but it seems to be emerging as a niche telco player

Steve McGovern, the cofounder and chief executive of global voice recording software provider Dubber Corporation, is the latest in a long line of entrepreneurs to emerge from the Australian telecommunications sector.

Dubber is not only the fastest-growing telco-related, cloud-based software company in Australia, it is also carving out a strong position in the United States and Europe.

At least one analyst, Jonathon Higgins at Shaw and Partners, has likened Dubber's potential growth trajectory to the growth rates seen in the buy now, pay later space. Higgins says Dubber's revenue will triple over the next two years, having already tripled in the past two years.

Dubber on Wednesday extended the footprint of services by making available to its telco clients voice recording of Zoom video and Zoom phone services. It already offers cloud-based recording of Microsoft Teams calls, and it is the only call-recording platform in Cisco Webex.

McGovern and his Dubber co-founders James Slaney and Adrian Di Pietrantonio differ from other prominent telco entrepreneurs because they owe their business opportunity to increased regulation.

Their business began when Optus entered into an undertaking with the Australian Competition and Consumer Commission to record all its in-bound call centre traffic. This regulator catalyst for creating a start-up is in sharp contrast to the enduring theme of telco entrepreneurs over the past quarter of a century who created businesses on the back of deregulation.

QUOTE
One of the reasons [telco] entrepreneurs were so successful was because of the natural tendency for Australian small businesses and consumers to give new entrants a go. They were motivated by the lack of choice from the incumbents.

Another critical piece of the puzzle was that public markets embraced challenger telcos. Investors were willing to make capital readily available because the returns were so high.

Dubber is a good example of this. It has raised $51 million in capital since listing on the ASX in 2015, and its shares have trebled in the past year. The funds were used to finance growth, including expansion in the US and Britain.

McGovern says the ASX listing did more than just open the door for capital. It gave the company credibility when it went to the US to pitch its services to two of the world's largest telcos, AT&T and Verizon. Both are now using Dubber's services.

I think having the ASX as our stock exchange has been important because of the flexibility and accessibility to capital, he says. You know, we go to Verizon, we go to AT&T, and it saves us months of procurement around the veracity of our company. And, obviously, hopefully, as we need to grow the company, we know we've got access to investors. But it has got credibility as well. The ASX gives the capacity to grow a global business, and I don't think we'd be able to do this without having the ASX profile.

The Dubber business model is pretty straightforward. It sells a native cloud solution that is offered as a software-as-a-service. The product appeals to companies wanting to monitor conversations in call centres or for broader recording of staff conversations.

Voice recording, which has been common in bank dealing rooms for decades, has become an important component of regulatory supervision across most aspects of banking. Compliance obligations are forcing institutions to not only record conversations with customers, but also search the recorded data for potential breaches of the law.

When telcos sign up for the Dubber service, they offer it to their customers, who are charged about $7.50 to $8 a month for each user. The company said a year ago it would double in size within three years, and it is ahead of schedule.
...
QUOTE
McGovern says Dubber has 350,000 users, and Higgins at Shaw and Partners says annual recurring revenue is about $30 million.

Higgins says Dubber has a total addressable market of about 100 million potential users, and he forecasts the company will have about 870,000 users by 2024.

The company has won the support of two savvy fund managers. Thorney Investment Group became a substantial shareholder during a $6.3 million capital raising in 2016 and now owns about 6 per cent. Regal Funds Management owns about 5 per cent.

In keeping with many successful start-ups, Dubber was a little ahead of its time. Its first software was built to be native to the Amazon Web Services cloud when AWS services were not available in Australia.

At that time in 2011, voice recording services were dominated by vendors who sold a package that included installation of software on a separate server. In essence, it involved selling boxes.

The move to the cloud has been a boon for Dubber and companies offering similar services because the voice recording product is secure, scalable and offers a significant saving compared to the old way of doing it.

McGovern says the combination of a strong engineering culture, strong product development and good marketing have made the Australian telco sector a fertile ground for entrepreneurs.

He says Telstra, which happens to be a client, has been a positive influence on the telco ecosystem because of its engineering excellence and ability to move with technology trends faster than its larger overseas peers.

McGovern says Telstra's strong balance sheet meant it could invest in new products and support innovation through investment in start-ups, which is done through Telstra Ventures....
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 09:55 AM


Group: Member
Posts: 8,732

Share Purchase Plan approximately 34% oversubscribed, raises approximately $1.61 million
• Significantly strengthened balance sheet, with indicative post-capital raising and post SPP cash position of ~$11 million (cash and term deposits as at 31 December 2020: $5.4 million)

And ...Board has decided to accept oversubscriptions to enable all interested shareholders who applied before the SPP’s closure to participate.
  Forum: By Share Code

nipper
Posted on: Apr 15 2021, 08:30 AM


Group: Member
Posts: 8,732

from SG front page .... an interesting turn of events, if true.
https://www.sharecafe.com.au/2021/04/14/ret...s-with-a-rider/

QUOTE
Gold miner Resolute has regained its Bibiani gold mining lease in Ghana but unfortunately, that is all it has gotten back. The Ghanaian government terminated the lease last month with no notice and no apparent reason.

But yesterday Resolute told the ASX the lease had been returned ... but with conditions.

One of those conditions placed on the restored lease explains the original decision; the government has retained control over who can buy the lease and in effect has, for the time being, stymied the plan by Resolute to sell the lease to a Chinese company for $US105 million.

The government told Resolute that it cannot sell the Bibiani project to China’s Chifeng Jilong without “express permission”.

That means the government was upset at Resolute’s move last December to see the lease. The company seems to have needlessly upset the government.

In agreeing to return the lease, the Ghanaian government said it did not recognise Resolute’s purported $US105 million sale of the Bibiani Gold Mine to Chifeng Jilong Gold Mining Co, as announced in December.

Ghana also “objects to the purported sale or transfer to Chifeng”, and said that the creation of any interest in the mine to Chifeng or any third party will be deemed invalid without the express prior approval of the government.

Resolute must also submit to the Ghanaian Minerals Commission an environmental report on the mine and a detailed plan for its redevelopment.

Resolute says it intends to comply with the conditions imposed by the Minister.

“We are very pleased to have come to a quick and amicable resolution which provides clarity and confirmation of (our) mining lease at the Bibiani Gold Mine,” Resolute’s interim CEO Stuart Gale said.

Mr Gale said he was looking forward to working with the minister and the Minerals Commission to identify a development option at Bibiani which sees the mine resuming production as quickly as possible.

He also thanked Chifeng “for their patience during this process.”

“We look forward to continuing the working relationship which has been developed since announcing the sale in December,” Mr Gale said. “We remain committed to the development of Bibiani and will consider all options available to achieve this.”

It seems Resolute now wants to be the owner.

That was a decision investors were happy with – Resolute shares bounced more than 14% by the close yesterday, ending at 54 cents.

  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 04:30 PM


Group: Member
Posts: 8,732

On 30 May 2016, STW Communications Group Limited (SGN) changed its name and ASX code to WPP AUNZ Limited (WPP).

WPP AUNZ (WPP) is a group of 60 marketing & advertisement companies in the field of communication, experience, commerce & technology that collaborate to create worldclass customer experience and drive growth for clients
. Market cap $550 million .... but will probably disappear soon
QUOTE
proposed acquisition by WPP plc, via Cavendish Square Holding B.V. (an indirect wholly-owned subsidiary of WPP plc), of all of the WPP AUNZ shares that it does not already own by way of scheme of arrangement.
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 04:00 PM


Group: Member
Posts: 8,732

numbers for GC1 at the end of March
NTA (before tax)* .... $0.95
NTA (after tax)** .... $0.92
Share price ........... $0.77
Cash Weighting ...... 4.15%
Number of Holdings ... 33
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 02:01 PM


Group: Member
Posts: 8,732

put in for 10,000 in the SPP .... got 2,800 shares. Scaleback refund promptly in bank overnight.
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 12:39 PM


Group: Member
Posts: 8,732

Glennon Small Companies Limited (GC1) provides investors with an opportunity to invest in a small & micro-cap investment portfolio, targeting up to 60 local equity securities. The Company's investment investors with exposure to a portfolio of smaller companies and to do this through a dedicated specialist small companies investment manager.

... although the mix of assets is interesting, the company, which listed in 2015, only has a market cap of around $35million. It pays a regular ff dividend, yield close to 4%, but is trading at a discount to the NTA of more than 20 percent.

Top holdings (alphabetical order)

Adairs (ADH) is a leading specialty retailer of home furnishings in Australia and New Zealand with a national footprint of stores across a number of formats and a large and growing online channel. Their strategy is to present customers with a differentiated proposition, which combines on-trend fashion products, quality staples, strong value and superior customer service.

Frontier Digital Ventures (FDV) is a leading owner and operator of online marketplace businesses in fast growing emerging markets.

Healthia Limited (HLA) is an integrated group of health-based companies whose mission is to enrich the lives of people through worldclass health services. Services include podiatry services, physiotherapy services, hand and upper limb rehabilitation, orthotic manufacturing, and podiatry and foot care products distribution.

Johns Lyng Group Limited (JLG) is an integrated building services group delivering building and restoration services across Australia. JLG's core business is built on its ability to rebuild and restore a variety of properties and contents after damage by insured events including impact, weather, and fire events

Lovisa Holdings Limited (LOV) is a fast fashion jewellery retailer in a number of international markets. Lovisa provides fashion with different earrings, hair bands, necklace, wrist and ring and body fashion.

Pacific Smiles Group Limited (PSQ) operates dental centers at which independent dentists practice and provide clinical treatments and services to patients. Revenues and profits are primarily derived from fees charged to dentists for the provision of these fully serviced dental facilities.

Reece Limited (REH) is a supplier of plumbing, bathroom, heating, ventilation, waterworks, air conditioning and refrigeration products with operations in Australia, New Zealand and the US. Reece Limited activities include importing, wholesaling, distribution, marketing and retailing.

Resimac Group Ltd (RMC) is a leading nonbank residential mortgage lender and multichannel distribution business. It operates under a fully integrated business model comprising origination, servicing and funding prime and nonconforming residential mortgages in Australia and New Zealand.

Viva Leisure (VVA) operates health clubs (gymnasiums) within the health and leisure industry. Viva Leisure offers customers several different membership options and a range of different types of facilities from big-box fitness facilities to boutique fitness facilities. The Company currently operates 102 health clubs with the master franchise for the Plus Fitness group of approximately 200 clubs.
  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 09:44 AM


Group: Member
Posts: 8,732

with the introduction of a fourth shareholder, the Latiude float should happen now ...... likely to be 20 April
QUOTE
The sale of 10 per cent of Latitude Financial Group to Japan’s Shinsei Bank paves the way for the country’s largest non-bank consumer finance business to list on the ASX without having to sell a single share.

Now LFS will have 4 shareholders: Shinsei, KKR, Deutsche Bank and Varde Partners. The $3 billion company now has 28 per cent of its share register classified as “free float”. Under ASX rules, a company with a free float of more than 20 per cent can list without the need to sell stock to new investors. Latitude had an 18 per cent free float before the Shinsei deal thanks to institutional investors switching their stock from a private equity fund to direct ownership.

This means it can go ahead with an initial public offering by way of a compliance listing and avoid the problem it faced in 2019 when an IPO was pulled because local institutions would not stump up $1.2 billion.


Latitude makes about $1 billion in operating income a year, more than $200 million in annual cash profit and has north of $8 billion in loan receivables
..

  Forum: By Share Code

nipper
Posted on: Apr 14 2021, 09:21 AM


Group: Member
Posts: 8,732

hit the boards on Tuesday. ... opened at 52c, climbed to 64c midday then closed at 52c. IE doubled from issue price. Nice stag for some

QUOTE
Island Pharmaceuticals lists on the ASX following oversubscribed A$7.5m IPO

Mid-clinical stage drug development company, Island Pharmaceuticals lists under code ILA
• Drug repurposing strategy enables rapid and efficient development of antiviral therapies
• Initial focus on mosquito borne diseases with a Phase II lead program in Dengue fever.
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 06:34 PM


Group: Member
Posts: 8,732

Bailador Technology Investments Limited (BTI) is an investment company (LIC). The Company focuses on the information technology sector, actively managed by a team with demonstrated sector expertise. Bailador provides exposure to a portfolio of information technology companies with global addressable markets. They invest in private technology companies at the expansion stage.


BTI listed late 2014, and current market cap is about $180 million. Bailador will typically invest $5-10 million into an investee company and targets minority investments alongside highly motivated founders and management who have best-in-class technology or business systems and excellent growth prospects.

Companies BTI invests in typically share the following characteristics:
• Run by the Founders
• Two to six years in operation
• Proven business model with attractive unit economics
• International revenue generation
• Huge market opportunity
• Ability to generate repeat revenue


Since Covid downturn, the SP has doubled. NTA is $1.51 At present there are 8 companies held in the fund: SiteMinder, instacluster, Straker, Stackla, Lendi, Rezdy, Brosa, DocsCorp and Standard Media Index. Cash has just been paid for DocsCorp and instacluster had a revaluation lift of 49% when a similar start-up had a cap raising, allowing for metrics to be reset (!).


  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 04:01 PM


Group: Member
Posts: 8,732

ETFs listed in Australian held $102.8 billion in assets at the end of March, according to analysis of both Australian Securities Exchange and Chi-X data by ETF provider BetaShares.

The milestone comes after investors ploughed an additional $8 billion into ETFs in the first three months of 2021, taking the total investment to $46 billion in new money over the 12 months to March 31.

That represents an 80 per cent increase in flows on the previous year, which BetaShares concluded was the “most rapid growth over a 12 month period in the industry’s history”.

However, that figure includes the major contribution of the Magellan Global Fund (MGF), which was converted from a closed-end fund to an ASX-listed active ETF in November last year. MGF is the largest individual ETF in Australia by market capitalisation with $13.6 billion in assets, almost twice the $7.7 billion held in the largest passively managed fund, the Vanguard Australian Shares Index ETF.

Nonethless, the ETF market’s upward trajectory looks set to continue. BetaShares forecasted total industry assets under management to grow by an additional 25 per cent by December.

  Forum: Macro Factors

nipper
Posted on: Apr 13 2021, 02:48 PM


Group: Member
Posts: 8,732

DEL has been trading on the ASX for two days. IPO money went in at 20c, so a nice stag for some.

Shares opened at 35c, and have moved around between 32c and 42c, now 36c
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 12:59 PM


Group: Member
Posts: 8,732

looking at UBI, maybe 2014 was the beginning of the long sleep. There was one good year 2018 when Earnings were +ve but since then it seems to be eating capital again. .... But it may be waking up .... 20c to 60c in 12 months.
QUOTE
UBI is a biosensor company and world leader in electrochemical cell technology with a long history of innovation and establishing global partnerships.

UBI's biosensor technology platform has been used to deliver more than 10 billion diagnostic tests to patients worldwide generating billions of dollars in sales


The biosensor market is estimated at AUD $40 billion. Point of Care diagnostics and screening are among the key reasons for the overall increase in global demand for biosensors.

Advancements in biosensor technology and its applications include increased detection limits and miniaturization.
Recently launched Sentia, which delivers medical grade biosensor technology to the wine industry. Products include Free SO2 testing (launch Feb 21), Glucose, Fructose and Malic Acid (launch during 2021) and Acetic and Total Acid (launch during 2022). Sentia delivers testing specificity and sensitivity, significant cost savings and productivity gains to the wine industry.

Looking for a Veterinary application, to develop and commercialise a Vet blood glucose strip and meter.

They have Xprecia Stride Coagulation Analyser is a handheld device that reports PT/INR levels at the point of care with laboratory accuracy, for patients taking Warfarin. Xprecia Stride has been sold by Siemens Healthineers since December 2014. In 2019, UBI bought back the global distribution rights. There is an installed base of over 3,500 units throughout the world and Xprecia Stride is sold in 36 countries. UBI's next generation PT-INR Coagulation Analyser is currently in development.
UBI is currently performing due diligence on a number of separate technology opportunities. Each technology has the capability to increase the detection limits for our existing platform technology from Micromolar to Picomolar or better.

QUOTE
and today's news ; DIFM (Deakin U) and Swinburne have been working on the next generation of electrochemical biosensors and the Tn Antigen cancer biomarker for more than 5 years. Using UBI’s platform technology we plan to deliver a cancer biosensor capable of identifying, staging and monitoring cancer from a finger prick of blood, using a portable hand held device. The knowledge and resources of DIFM and Swinburne will help deliver this as well as fast track the development of other biosensors we are working on.

  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 12:38 PM


Group: Member
Posts: 8,732

Binding Offer for 30% in Tropicana and $650m Capital Raising
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 11:41 AM


Group: Member
Posts: 8,732

Thanks for posting eb.

I prefer direct and active investments (including LICs). The proliferation of ETFs is no real help to anyone who thinks they're getting a simple answer to constructing a portfolio, as the various methodologies behind the ETFs indicates.
  Forum: Macro Factors

nipper
Posted on: Apr 13 2021, 11:15 AM


Group: Member
Posts: 8,732

another graphite story, still hanging in. Up 40% but still below earlier peaks, and likely to need more cash

another major milestone in its progress towards construction of the Lindi Jumbo Graphite Mine in Tanzania with WKT securing a US$20 million Debt Funding Facility with Tanzanian Bank CRDB.
  Forum: By Share Code

nipper
Posted on: Apr 13 2021, 09:57 AM


Group: Member
Posts: 8,732

Calix raises $5m in strongly supported Share Purchase Plan

Highlights
QUOTE
... Calix has successfully closed its Share Purchase Plan on April 8, with nearly $20m in subscriptions received.
... As a result of the strong level of support received from existing shareholders, Calix has increased the original $3m SPP to accept $5m.
... Calix's ESG investment acceleration program is now fully funded as announced on March 19, 2021, through the SPP and the $14m Share Placement to sophisticated and professional investors

So , another heavily scaled back offer.

(Holders with EFT details recorded will be paid today and should receive funds on April 14, 2021. Those without EFT details will be sent a cheque, which may take several days to process and send. )
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 09:30 PM


Group: Member
Posts: 8,732

Value investing ... to the max?! March newsletter:


Dear shareholder,
It appears "new record" is somewhat the "new normal".

In the US, the S&P 500 notched up its 20th record close for 2021 on Friday. The Dow Jones Industrial Average also closed at a record high.

Remember how investors were getting nervy about rising bond yields just a month or so ago? Well over the past week, sentiment appears to have flipped. This is despite the US 10-year Treasury bond yield still hovering near one-year highs and almost doubling since 01 January.

The point to make here is, reacting to short-term market gyrations is no way to achieve long-term wealth creation in equity markets.

Step back and stay focussed on the bigger picture.

What about that ship?
The Ever Given has motored out of the Suez Canal after initiating what was a worst-case scenario for global trade. The saga highlighted something we've been monitoring since late last year – increasing supply chain pressures.
Broadly speaking, across key industries, input cost prices have been rising, delivery times lengthening, new orders are accelerating, and inventory is tight. Ultimately these pressures could be a driver for inflation, however, the greatest driver in this respect is excess savings from stimulus and underspending in 2020 combined with pent-up demand. In the US particularly, there's a huge amount of 'firepower' that can be deployed as the country reopens.

Why does this matter for global equity investors? It goes back to those bond yields. Inflation and rising economic activity puts upward pressure on bond yields and that has implications for high-flying 'growth stocks' in particular.

As we mentioned in our last shareholder update, we think the bigger picture for bond yields is that they are on the rise.


... And what about those chips? Talking about supply chains, the global semiconductor chip shortage is showing no signs of slowing.

You may have heard about storms in Texas and earthquakes in Japan hitting semiconductor production, but again, there's a bigger picture at play.

We've been investing in semiconductors for a number of years now because we recognised significant structural growth tailwinds.

The world is digitising, workloads are moving to the cloud and 5G will facilitate a whole host of developments like better handset experiences, connected cars and autonomous driving. All of this requires more and more semiconductors to process increasingly complex tasks.

COVID has pulled forward some of these trends – think consumption of online content, e-commerce and remote working. This, combined with the rebound we are seeing in economic activity and a few supply issues, has resulted in the well-publicised global shortage.

Taiwan Semiconductor (TSMC) and Samsung Electronics are the only two companies globally that can manufacture leading edge chips for tech companies around the world. Both are top ten holdings in the APL portfolio. We think the current supply and demand equation plays nicely into the hands of these key portfolio holdings.


Volkswagen Group

VW has just become a top 3 holding in the APL portfolio. We expect it will benefit from a cyclical rebound in economic activity as economies continue to recover from COVID. It is also aggressively pursuing the EV market and we find the extreme multiple dispersion – the difference in price investors are prepared to pay - between VW and Tesla unwarranted.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 08:22 PM


Group: Member
Posts: 8,732

the $2 cash offer is from a player
QUOTE
SS&C is a global provider to the financial services and healthcare industries, including wealth management, registered funds, hedge and private equity fund administration, transfer agency and retirement and pension fund services, including Australian Superannuation Funds. Founded in 1986, SS&C is headquartered in Windsor, Connecticut. Some 18,000+ financial services and healthcare organisations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.

MAI up 60% today; opened at $2.03 and ended the day close to the offer, at $1.97. .... Is there a counter offer? (unlikely, IMO)
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 07:46 PM


Group: Member
Posts: 8,732

Yep. Covid 2.0 in India?
QUOTE
Stock investors lose Rs 7 lakh crore in 15 minutes! What's spooking Dalal Street.
  Forum: Investment Discussion

nipper
Posted on: Apr 12 2021, 07:04 PM


Group: Member
Posts: 8,732

MainstreamBPO (MAI) was listed on the ASX in September 2015 at 50c a share .... It is one of the largest independent fund administrators in Australia. The Company provides administration services to the wealth management sector of the financial services industry. As at March 2015 the Company had Funds under Administration of approximately $50 billion.

The Company operates three businesses:
QUOTE
FundBPO: provides fund administration services for investment managers
SuperBPO: provides superannuation administration services for superannuation trustees
ShareBPO: provides share registry services for listed companies and exchange-traded funds

As would be expected, it is very much a bread and butter business; take a clip, keep costs as low as possible and keep margins steady. So the price action was underwhelming.
On 20 Oct, 2017, MainstreamBPO Limited changed its name to Mainstream Group Holdings Limited, keeping the MAI code.
and now, 2021,
QUOTE
Mainstream is sitting on a $1.20 a share bid from offshore suitor Vistra, and has signed Vistra to a scheme implementation deed designed to see the offshore suitor take control in coming months.

However, Mainstream also negotiated go shop provision, giving it one month to solicit competing proposals. Vistra has customary matching rights during that time and options over a 19.9 per cent stake, but has said it would not stand in the way of a superior proposal.


And today ... a Superior Proposal has emerged from SS&C Technologies Holdings for $2.00 cash per share by way of a scheme of arrangement, being a 67% premium to the price per share offered by Vistra on 9 March 2021.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 04:53 PM


Group: Member
Posts: 8,732

trading around $2.64 on Day One of reinvention....


The new Constitution was adopted by Shareholders at the General Meeting of 24 March 2021. This also allowed for the consolidation of its share capital through the conversion of every ten (10) shares into one (1) share.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 04:47 PM


Group: Member
Posts: 8,732

Highlights

• High grade rock assay results from the Austin Gold Project in the highly prospective Murchison greenstone province of Western Australia, were returned from 3 priority prospects including:
QUOTE
....Up to 1,109 g/t gold (35 oz/t) from the Brians prospect in outcropping northwest trending veins that occur in a similar orientation to the mineralisation at the nearby Starlight, White Light and White Heat discoveries by Musgrave Minerals (ASX:MGV).
... Up to 57.1 g/t gold (1.8 oz/t) from the Teds prospect area from a small costean where the abundant and spectacular coarse gold has been previously observed associated with weathered quartz veins.
... Up to 10.2 g/t gold at the Mt Sandy prospect area from a quartz vein exposed near a historic mine adit.
• The rock assay results are extremely encouraging for the project and indicate that all three prospects will be high priority drill targets for Silver City.
• Due to the course nature of the gold observed in the field across the project, Silver City commenced an assessment of the LeachWELLTM gold assay technique.
• Recent results show the LeachWELLTM analysis show significant increase in grade in the range of 4.6-53.4% compared to conventional fire assay techniques.
• A total of 13 RC samples from a drill program in 2020 by the Vendor were also taken for the same assay techniques with results expected to be released shortly.
• A review of the detailed airborne magnetic data as well as historic geochemistry is also currently underway.


- and up 40% on the news
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 02:39 PM


Group: Member
Posts: 8,732

Renergen has announced its first helium sales agreement, with a global acting, tier-one automotive supplier, in the Company's first "Direct to Customer" helium deal.

For reasons of confidentiality, Renergen is unable to disclose its customer or details of the sales agreement, but can confirm the customer operates in the automotive sector. The landmark transaction will see a substantial volume of helium from Phase 2 placed directly to the customer through the agreement and is one of the key contracts underpinning Phase 2 development at the Virginia Gas Project.

Commenting on the significance of the Company's first helium sales agreement, Renergen Chief Executive Officer Stefano Marani said :
QUOTE
We are very proud to announce our first helium sales agreement from the Virginia Gas Project. Importantly, this contract shows the viability of accessing helium directly from the refinery by customers and Renergen diversifying its customer base beyond wholesalers.

"What really excites the team about this sales agreement is that from 2024, if you purchase a German premium brand vehicle, the overwhelming probability is that Renergen's helium will be powering the airbags keeping you safe.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 02:00 PM


Group: Member
Posts: 8,732

QUOTE
Geoff Wilson .... has seven listed investment companies under the Wilson Asset Management (WAM) banner [and] is understood to have an eighth in the works. No.8 will be called "WAM Strategic Value" and is expected to list on the ASX via an initial public offering this side of June 30.

Wilson's team set up the holding company, WAM Strategic Value Ltd, as an Australian public company last week in a sure sign there's a new LIC brewing.

Stockbrokers are also lining up for roles selling the deal; Wilson usually taps Hamish Nairn at Taylor Collison and Morgans, and he is not one to change a successful formula without the need to.

The big question is what will WAM Strategic Value target? Wilson already has Australian large caps, small caps and microcaps covered, as well as global equities, a relatively new alternatives strategy and an active fund that trades like a small hedge fund. Any new vehicle's unlikely to overlap with the existing strategies.

If the Wilson watchers are to be believed, "strategic value" will be about trying to buy $1 worth of assets for 80˘. That's one of Wilson's favourite catchcries.

And if history is any guide, it could be about buying stakes in listed investment companies. There's dozens of LICs on the ASX boards trading at steep discounts. The worst (or best, for an activist investor) definitely fit into the $1 of assets for only 80˘ category.

Wilson's funds already have stakes in a bunch of LICs. WAM Capital, the biggest vehicle in the family, owned shares in at least a dozen LICs at June 30 last year. Its holdings included Charles Goode's Australian United Investment Company, Euroz's Westoz Investment Company, Sydney's Spheria Emerging Companies and NAOS Small Companies, and Templeton Global Growth Company.
interesting concept.... Wilson has already absorbed quite a few minnow or underperforming LICs as well as taking on companies for the franking credits ....
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 01:53 PM


Group: Member
Posts: 8,732

Sale of all mineral tenements

Highlights
Archer executes a legally binding agreement to sell all of the company's mineral tenements
• At completion of the sale, Archer will receive 50 million shares in the capital of the buyer
• Share Consideration to be distributed in-specie to Archer shareholders.
• Tenement sale and purchase is subject to certain conditions precedent, including the buyer listing on ASX and Archer shareholders' approval of the transaction and the Share Consideration distribution.
• The buyer expects to list on ASX before September 2021.
• The Company’s business is simplified with Archer to become a pure play deep technology company.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:51 AM


Group: Member
Posts: 8,732

Harris Technology breaks another quarterly sale record

... HT8 up 10% as it continues to grow its biz .
QUOTE
Highlights:

• Record breaking Q3 sales of $10.4M (unaudited) compared to same quarter last year at $3.4M ... 206% year-on-year growth.
• Total revenue to March 2021 has exceeded $30M (unaudited) comparing same period last year of $7.48M .... 300% year-on-year growth.
• Gaming product sales are contributing strongly to the growth of the business.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:46 AM


Group: Member
Posts: 8,732

up 8%

Test Platform and COVID-19 Test receive CE Mark approval
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:40 AM


Group: Member
Posts: 8,732

Since the IPO in 2014 , 3PL (then under code TPN;on 18 Aug, 2014, 3P Learning Limited changed its ASX code to 3PL) never really got to its offer price $2.00 a share. It attracted a few nibbles

Then, on 24 November 2020

Termination of Scheme Implementation Agreement with IXL and Update on BYJU’S and Blake Proposals

QUOTE
3P Learning Limited refers to its announcement on 20 November 2020 in relation to the Scheme Implementation Agreement (“SIA”) with IXL Learning, Inc. and IXL Australia Pty Ltd and the results of the Scheme Meeting. After further good faith consultations between 3PL and IXL, the parties have mutually agreed to terminate the SIA with effect from 24 November 2020.

Separately, 3PL is continuing to review and assess:
1) the Revised Indicative Proposal from Think and Learn Private Limited (BYJU’S) to acquire 100% of 3PL for a cash price of $1.50 per share, including allowing BYJU’S to progress its due diligence (please refer to 3PL announcements on 12, 17 and 18 November 2020); and
2) the unsolicited proposal from Blake eLearning Pty Ltd in relation to a potential merger between Blake and 3PL (please refer to the 3PL announcement on 20 November 2020).

And today, resignation of MD CEO, and announcement:
QUOTE
3PL TO MERGE WITH BLAKE TO CREATE A LEADING EDTECH PLATFORM


• 3P Learning Limited to merge with Blake eLearning Pty Ltd by acquiring 100% of Blake from Pascal Educational Services Pty Ltd as trustee for the Blake Sandblom Trust and the BeL Unit Trust, and KPIT Pty Ltd as trustee for the KP Investment Trust to create a leading EdTech platform (“MergeCo”)
• Blake is a privately owned, Australian-headquartered, global provider of online education products focused on pre-K to year 10 students, offering a broad range of literacy and numeracy products with a growing presence in the direct to consumer market
• The Merger will create a large scale, high growth, global EdTech platform with ownership of a comprehensive product suite and diversified channel mix
• 3PL and Blake have identified significant synergies and strategic cost efficiencies of between $7.5m - $12.5m per annum
• MergeCo will have pro forma CY20 revenue of $100.5 million and pro forma CY EBIT of $20.8 million (including annualised synergies and strategic cost efficiencies)
• 3PL will issue 137.0 million shares to the Sellers, representing 49.6% of the merged company’s issued securities
• The Merger is expected to be approximately 279% earnings per share accretive on a pro forma CY20 basis
• The Merger is subject to shareholder approval by ordinary resolution (>50%) at a general meeting



  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 11:22 AM


Group: Member
Posts: 8,732

Elon Musk Leaves Vladimir Putin Stranded on Earth

Sixty years after Yuri Gagarin's historic flight, Russia's space industry can't get its act together.
https://www.bloomberg.com/opinion/articles/...ay-s-space-race


... an interesting article for the general public
  Forum: Investment Discussion

nipper
Posted on: Apr 12 2021, 10:11 AM


Group: Member
Posts: 8,732

From around the IPO time, Zebit founder and chief executive Marc Schneider said he wasn't worried about "short term fluctuations", adding that the company offered investors a different proposition to the host of BNPL players listed on the ASX, including Afterpay and Zip.
"
QUOTE
We are not very focused on valuation right now; what we are focused on is a long term commitment to this market and building valuation through execution.... "A lot of them (the BNPL companies) are focused on the same kind of market, the same consumer and replicating each other's models.
.
Zebit is targeting consumers who would normally struggle to get affordable credit, primarily in the US market. While most BNPL providers take a 2 per cent or 3 per cent commission off the total transaction value Zebit's model works differently.
"
QUOTE
We make our money through the full gross margin, with a much larger consumer set where we're not all competing for the same space in somebody else's cart," Mr Schneider said. "We have our own custom BNPL solution so we can capture the full gross margin... our gross margins are 27.5 per cent."
He added that other BNPL providers were also moving towards similar models with Commonwealth Bank-backed Klarna offering a rewards program and Zip and Sezzle offering virtual capped payments to capture their customers transactions offline.
QUOTE
Everybody is doing exactly the same thing, but really the key at the end is what is their level of differentiation from a customer standpoint that is going to allow them to have a sticky customer base?, he said. I don't think any of those guys can talk about the types of customers that we have in terms of having customers in the cadre that have been with us one, two, three, four years and spend on average $1,000 a year and shop four to five times.

Mr Schneider said Zebit had no plans to offer its products in Australia but the ASX was a solid place to raise growth capital.
QUOTE
Look somebody is going to roll up the industry eventually because the space is getting super crowded with the same offering that is not differentiated," he said. "But my focus is really on a totally separate customer base that does not qualify for those alternatives so I am not really worried about customer leakage towards those models.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 10:07 AM


Group: Member
Posts: 8,732

Zebit Inc (ZBT) is a California based eCommerce company that gives access to a broad set of products, offered online and with the ability to pay for those products over six months without fear of incurring penalties or late fees. It operates in both retail eCommerce and financial services. Zebit sells products as an eCommerce merchant and provides the financing to customers (via an inhouse and proprietary BNPL solution) for those products over time.


.. so, another aspirant in the BNPL space. Interesting it listed on the ASX, late October 2020. The company raised A$35M issuing 65.8M shares at $1.58 (fully diluted would be 94M shares)

QUOTE
Zebit is an ecommerce retailer that serves millions of credit-challenged consumers who value the proposition of buy now, pay over time. By providing these consumers with up to $2,500 of store credit and access to a marketplace of thousands of brand name products, Zebit gives its customers the ability to shop while spreading their payments over time. Zebit is located in San Diego and is backed by Venture Capital firms that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures, Ulu Ventures, and Correlation Ventures.

On listing, traded quickly down to about $1.05 that day and has been between $1.00 to 1.10 until late Feb. Buying since then (after 1H results?) has seen a recovery to about $1.40 a share.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 09:01 AM


Group: Member
Posts: 8,732

On April 12th, 2021, Clean Teq Holdings Limited (CLQ) changed its name and ASX code to Sunrise Energy Metals Limited (SRL)



Looks like a refocus, to attract those ESG inflows, as much as anything
QUOTE
About Sunrise Energy Metals Limited (ASX: SRL)
Based in Melbourne, Australia, Sunrise Energy Metals is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Sunrise Energy Metals please visit the Company's website www.sunriseem.com.

About the Sunrise Project
Sunrise Energy Metals is the 100% owner of the Sunrise Project, located in New South Wales. The Sunrise Project is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.


About Clean TeQ Water
Through its wholly owned subsidiary Clean TeQ Water, Sunrise Energy Metals is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
  Forum: By Share Code

nipper
Posted on: Apr 12 2021, 07:42 AM


Group: Member
Posts: 8,732

Several aspects of recovery are coming through

QUOTE
Financing for earthmoving equipment has soared 133 per cent on last year while tractor financing is up 146 per cent and irrigation financing is up 217 per cent, NAB said.The bank said the upward swing is just the first leg of the spending spree underpinned by the expansion of the instant asset write off scheme that allows businesses with less than $5 billion in turnover to write off the full value of capital expenditure.

I was up in Wangaratta and Shepparton the other day and I visited a car dealership and there wasn't a single vehicle in the yard. It's the same with tractors, a NAB NAB regional and agribusiness executive said.


The exodus from the cities to the country will likewise continue according to the executive, who said many business owners with young families wanted to experience a different lifestyle.

"Previously everybody wanted to be along the coast and move to Coffs Harbour or Newcastle but now we are starting to see it inland.

NAB's lenders report clients in manufacturing are likewise gearing up for a big year ahead with an identical 130 per cent increase in financing. Demand for forklifts is up 216 per cent, while there are signs of life in the service industry as well, with financing for coffee machines up 155 per cent.
  Forum: Investment Discussion

nipper
Posted on: Apr 11 2021, 09:28 PM


Group: Member
Posts: 8,732

interesting point
QUOTE
Britain will next week become the first big country to reach 72 per cent herd immunity by vaccine and infection ... and with less than 10 blood clot deaths in the process, compared with 125,000 virus deaths. But even then the British government is not putting that at risk with any over-hasty exit from its social restrictions, showing what a long road it is out of this crisis.

  Forum: Off Topic Chat

nipper
Posted on: Apr 11 2021, 02:30 PM


Group: Member
Posts: 8,732

not getting runs on board..... all those Covid hopes pushed to 70c in first half of 2020; now 23c
QUOTE
Aeris is currently undertaking an active program of Board renewal and expansion, which we are targeting in calendar year 2021.

Further, we are now in the process of scaling up production of Aeris paper based wipes to play a role in reduction the quantity and impact of non-biodegradable plastic wipes entering the environment daily.

  Forum: By Share Code

nipper
Posted on: Apr 11 2021, 01:50 PM


Group: Member
Posts: 8,732

Imricor Medical Systems Inc (IMR) is a US based medical device company that seeks to address the current issues with traditional x-ray-guided ablation procedures through the development of MRI-guided technology. The Company's primary product offering, the Vision-MR Ablation Catheter is specifically designed to work under real-time MRI guidance, with the intent of enabling higher success rates along with a faster and safer treatment compared to conventional procedures using x-ray guided catheters.


It listed on the ASX in August 2019 and has a market cap around $240M. Last October
• Imricor raised A$28.45 million via an institutional placement at A$2.35 per CDI
• A fully underwritten security purchase plan (SPP) was offered to raise an additional A$1.55 mill


Which was about the highest the SP got to; now $2.12
  Forum: By Share Code

nipper
Posted on: Apr 11 2021, 01:13 PM


Group: Member
Posts: 8,732

2years since last IDX post... apart from the Covid plunge from $4+ to $2.00, IDX has been quietly motoring along. Now it is close to $5 and at alltime high for the 5 years on ASX. Of course, with this established presence, escrowed shares are being released

Sales are up, Earnings have increased every year though RoE has slipped in the last 12 months, from close to 20, to around 12. Dividend risen, 4c to 7c to 8c to 10c and was 9.5c for last full FY.

Industry growth rates in Australia were impacted by COVID-19 in CY20; Growth rates still materially below the long term average


• 221 reporting radiologists ... 152 employees ... 69 contractors ... 85 radiologist shareholders
• Initiated development of subspeciality workflows
• Launched IDXt, IDX's teleradiology reporting platform

• Increased Operating NPAT by 61.1% to $23.2m
• Increased operating diluted EPS by 38.0% to 11.6cps
• Declared 1H21 dividends of 5.5cps
• Completed acquisition of Ascot Radiology
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 03:05 PM


Group: Member
Posts: 8,732

Matthew Kidman (LiveWire Markets): And we all saw the vision last year, everyone lining up at the supermarkets. Who would have thought Coles, one of our big supermarkets, flat on the year? Who would have thought when the guys from Status Quo were singing prices down, down, they were going to be talking about the share price? Coles: buy, hold or sell?

Stuart Welch (Alphinity):] I think that one's a sell. They've been seeding (ceding?) a bit of market share to Woolworths, and they're certainly behind in the online strategy, which is going to require a pretty significant investment at a time when sales volumes are probably going to roll over. So I think it's a sell.

Matthew Kidman (LiveWire Markets): It's been a bad performer, Emma. Is it time to turn the red hand up or down? Buy, hold or sell?

Emma Fisher (Airlie): I think it's a buy. I think turn the red hand up. I think it's pretty well understood that they're going to have some challenging comps. The whole space will this year. And meanwhile, they've generated a tonne of cash. They've gone from net debt to net cash position. And so I think they've got a real opportunity to invest in the business and close that perennial margin gap with Woolworths and with it, the valuation gap. So I'd say buy.
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 02:56 PM


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Posts: 8,732

Electro Optic Systems Holdings Limited has achieved a major breakthrough in laser technology which significantly advances the global effort to mitigate space debris.


The innovation involves the use of a Guide Star Laser to allow high speed adaptive optics to form laser beams that can track and move space debris at lower altitudes and faster speeds than ever previously possible. This intellectual property has been developed by EOS in collaboration with the Space Environment Research Centre, and will now be commercialised and owned by EOS, with applications including space debris mitigation and high bandwidth satellite communications.
QUOTE
SERC's aims were to reduce the rate of space debris proliferation caused by space debris collisions, and to demonstrate the potential of ground-based lasers to manoeuvre space debris so that collisions can be prevented. By leveraging the substantial existing infrastructure, facilities and research momentum of its participants, SERC was able to achieve these aims within its $62 million budget and its mission was successfully completed as planned on 31 March 2021.
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 02:08 PM


Group: Member
Posts: 8,732

raining money??

Leaning into our strengths – our pathway to a strong modern and resilient economy
QUOTE
There are manufacturing growth opportunities along the value chain in each of our National Manufacturing Priorities, with the potential to deliver long-term transformation outcomes for the Australian economy...

https://www.industry.gov.au/data-and-public...silient-economy

Funding available
QUOTE
The Modern Manufacturing Initiative is now open for resources technology and critical minerals processing projects that meet eligibility..
.
"Our Modern Manufacturing Initiative (MMI) will help position Australia not just as a global leader in the resources sector, but also in the manufacturing of the technology used, as well as turning the raw materials into value-added products," PM Scott Morrison

....The MMI initiative .... is a $1.3 billion fund to help manufacturers increase production, commercialise products and access global supply chains. While it's commendable for the government to want to support any lithium or other technology metals miners are willing to put forward, [an industry spokesperson] questions how well its road map has been thought out.

Given that Australia is already well on the way to becoming a global hub in innovative minerals processing, she's concerned that the modern manufacturing initiative outlined by the government could be decidedly unambitious. What this may indicate, she suggests , is that those responsible for developing the policy framework for the MMI initiative may not be close enough to the minerals processing industry to understand just how far it's come in recent years.

.... She also expects companies in the rare earth, and especially lithium, space to be highly favoured with this current round of funding. But given the grant process aims to fund efficient minerals extraction and processing, miners working within non-rare earth resources are also likely to receive funding, including iron ore and copper.




.... in other words, a dog's dinner.
  Forum: Investment Discussion

nipper
Posted on: Apr 10 2021, 12:19 PM


Group: Member
Posts: 8,732

06 April 2021
Battery Grade Lithium Hydroxide produced from Finniss Project Concentrate

Highlights
Scoping level test work on Finniss Project spodumene mineral concentrate sample has produced 'battery grade' lithium hydroxide monohydrate
• Customer demand for Core's high-quality concentrate and spodumene prices increasing rapidly ... Core aiming to complete new offtake deals in due course
• Core's LH satisfied all impurity specifications of the commonly referenced battery grade specification from Livent
• Conversion to battery grade LH used the conventional 'direct' flowsheet
• Excellent extraction and recovery of lithium to LH crystallisation steps (>95%)
• Core believes Finniss lithium concentrate quality suitable for the high-end Lithium Battery, Renewable Energy and EV industries
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 12:15 PM


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Posts: 8,732

15 March 2021 ...Federal Government awards Finniss Lithium Project Major Project Status

Highlights
• Major Project Status for the Finniss Lithium Project awarded by the Hon Karen Andrews MP, Federal Minister for Industry, Science and Technology and the Hon Keith Pitt MP, Federal Minister for Resources, Water and Northern Australia
• Award of MPS provides Finniss with extra support from the Major Projects Facilitation Agency
• Construction anticipated to begin at Finniss in H2 of 2021, subject to several conditions including Final Investment Decision
  Forum: By Share Code

nipper
Posted on: Apr 10 2021, 11:34 AM


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Posts: 8,732

and keeps on giving (or, in this instance, trying to take away)

From the AFR: ..
https://www.afr.com/companies/healthcare-an...20210407-p57h73


'It was intimidating': when companies sue analysts
QUOTE
At 9pm one Friday late last year, sharemarket analyst Anthony Di Pizio recalls, he took a call from a lawyer working for a biotechnology outfit he had just slammed in a report.

The lawyer was "threatening me with proceedings", Mr Di Pizio told AFR Weekend. "It was absolutely horrible." "It was intimidating."

Now, after almost five months of legal entanglement with the iQ Group Global, which is working on inventions from a saliva biosensor to a cancer platform, proceedings against Mr Di Pizio have been dismissed.

Filings released by NSW's Supreme Court show iQ Group, represented by Minter Ellison, had sued Mr Di Pizio on grounds including that he had disclosed "confidential information" contained in documents such as a brochure for its Ethical Bioscience Investments Fund and a capital raising services agreement.

But Mr Di Pizio's lawyers, W Advisers, had in a filing disputed that any information was actually confidential and even if so, "any such disclosure was in the public interest".

The 29-year-old analyst this week declined to discuss the details of the lawsuit nor how it was dismissed. But he maintained his criticisms of Sydney-based iQ Group triggered the action and "this dismissal within such a short period vindicates my consistent position that any concerns could and should have been resolved without proceedings being initiated".

iQ Group ... declined to comment. It told investors that orders from Justice David Hammerschlag restrained the defendants from disclosing "certain confidential information" unless available publicly otherwise.

...
This latest legal action was against Mr Di Pizio and ADS Capital, his one-person outfit. He said he was licensed to provide sharemarket research on listed Australian and US entities.

Mr Di Pizio said his prior reports had highlighted a "dire financial situation, as drawn from its annual reports and financial statements" and he was still of the view that NSX-listed iQ Group, ASX-listed iQ3 Corp and their products, such as the Ethical Bioscience fund, carried "very significant risks and investors are cautioned against investing in them".

But Mr Di Pizio said the subsequent legal action against him had incurred gross legal costs of $90,000. That was "highly significant" to a single person operation and he had had sleepless nights.

"That was a solid five months ... that (was) highly stressful," he said.

"It took up several hours per day just going through the process.

"That's time I can't serve my clients. That's time that I can't focus on extending my business."

Mr Di Pizio said he did not think it was "right that companies can sue analysts for pointing out" problems in financial statements.

"When we were reading through filings on the ASX and NSX, it was obvious that money was being shuffled around between the entities," he said.

"The fact that I could call them out, and then get sued for it – it's ridiculous and it's wrong.

"They shouldn't be able to shut someone up using the court system."

iQ Group has previously maintained its companies are "in compliance with applicable corporate law and regulations and relevant listing rules", and its audited financial statements adhere to relevant accounting standards.

Mr Di Pizio said such legal actions in general would have a chilling effect on analysis.

"If anybody went through the process that we went through it would deter them from speaking out against … public companies.

"It matters because the less we're able to say, the longer they get away with it, the bigger these companies get, and the more people that get hurt ultimately."

Mr Di Pizio maintained that he stood by his research and "there was nothing I would take back in terms of being factual".

He said he would write such a piece again – albeit seeking legal advice prior to publishing.
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 08:13 PM


Group: Member
Posts: 8,732

Lithium prices continue to push higher
Fastmarkets provides updates and commentary for recent lithium price movements. Its most recent update for the week ended Thursday 01 April highlighted:
... Lithium prices in China rise on active restocking while supply remains tight;
... Seaborne Asian lithium prices tick up on persisting tight availability;
... European and US prices post further gains on firm prices for technical-grade material.
It noted that lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range in China rose to 88,000 to 92,000 yuan (A$17,580 to A$18,380) per tonne on 1 April, up from 85,000 to 90,000 yuan (A$16,980 to A$17,980) the prior week.

Fastmarkets also said the supply for lithium carbonate was more challenging than lithium hydroxide. A consumer was quoted as saying:
QUOTE
In March, producers were not willing to make large sales because supply is quite tight; moving into April, they are increasingly less willing to sell because of the rapid rally of spodumene price.


A trader added:
QUOTE
The overall supply tightness is derived from the squeezed spodumene supply from Australia. Among all, supply tightness for lithium carbonate is most acute.
.

ASX lithium shares, including Galaxy Resources Ltd (ASX: GXY), Pilbara Minerals Ltd (ASX: PLS) and Orocobre Limited (ASX: ORE), have all managed to push higher into 2 to 3 month highs after being range-bound throughout February and March.

At the smaller end of town, explorers have been pushing out a stream of positive results, including:

Neometals Ltd (ASX: NMT) up 5% on preliminary metallurgical results.
Core Lithium Ltd (ASX: CXO) announced that it had achieved the production of battery-grade lithium hydroxide monohydrate on Tuesday, and its shares have surged 8.50% higher today
Jindalee Resources (ASX: JRL) jumped 35% higher today after a mineral resource estimate.
Piedmont Lithium Ltd (ASX: PLL) is 6% higher, with an announcement yesterday regarding a lithium resource estimate update
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 08:10 PM


Group: Member
Posts: 8,732

I think housing is ridiculous, the disparity just gets wider. A telling reflection of winners versus losers is the Bank of Mum & Dad up there in the top 10 lenders.

But the interrelationships are more complex. ..get out of synch with global currencies and the economy would be crueled. And let's not start on planning or site availability issues.

But that said, the realities keep making the forecasters look hopeless.
  Forum: Investment Discussion

nipper
Posted on: Apr 9 2021, 06:31 PM


Group: Member
Posts: 8,732

QUOTE
Listed on ASX on 18 March 2021 after raising $240M at $0.90 .... which is leaving early investors and those hoping for a stag profit underwater, as it opened at 69c, and quickly dropped to 58c. Now trading around 62c a share.

and nearly 4 weeks after listing, the interest level is low (to non existent). Stumbling along under 50c for the last 9 days, closed at 48.5c.
(DNH)
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 04:47 PM


Group: Member
Posts: 8,732

every Friday, I get an email from Naos
QUOTE
As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater understanding of the current investment environment and key trends that may be emerging. Below are quotes from the week which in our view detail some of the most important and prominent industry trends and economic factors impacting their businesses.
(to subscribe ... https://www.naos.com.au/subscribe )



There seems to be a persistent theme this week:
CEO Insights - Week Ending 9 April 2021 By NAOS Asset Management[/size]

Automotive

"This is the strongest March result in two years with private buyers representing the largest proportion of new vehicle purchasers" Tony Weber, CEO, Federal Chamber of Automotive Industries

"It's hard to know when the new car supply is going to continue to ramp up. I mean, they're obviously facing some major chip shortages. I think the supply, the tightening of the supply is going to be around here for a while" William Nash, CEO, CarMax Inc [USA's largest used car retailer]


Transport & Logistics

"Reforms to address climate change are ushering in an era of modal shift for freight, from polluting and congested road travel to efficient higher speed rail service. This will drive significant growth in railcar demand in the years to come above and beyond replacement demand growth" Bill Furman, CEO, The Greenbrier Companies Inc [global manufacturer/repairer of railcars]

"Rail freight traffic has actually grown over pre-crisis levels in some countries" Bill Furman, CEO, The Greenbrier Companies Inc [global manufacturer/repairer of railcars]

"The spot rate on containers has gone up massively – there are less containers and less ships so there's more demand than supply" Andre Reich, CEO, The Reject Shop Ltd


Inflation

"No matter what commodity you look at, whether its poly[ethylene], resin, oil or gas, commodity prices are up and a lot of them impact raw material costs" Bernie Brookes, Exec Chairman, Colette [handbag & jewellery retailer]

"As we navigate the current environment, we are seeing input cost inflation accelerate in many of our categories and across the industry" Sean Connolly, CEO, Conagra Brands Inc [multinational packaged foods brands conglomerate including brands Birds Eye & Healthy Choice]


Tourism, Travel & Leisure

"Around 38 per cent of Australian tourism businesses have told us they're cutting jobs and reducing workforce hours to stay viable with the ending of JobKeeper, Sixty per cent of tourism enterprises are in a weaker position since COVID-19, 47 per cent remain open but have fewer staff, and the end of JobKeeper is having a major impact on exposed sectors" Simon Westaway, Executive Director, Australian Tourism Industry Council

"We've experienced significant latent demand upon opening new sailings this summer. In fact P&O [Cruises] opened to a single biggest booking day in seven years on the announcement of coastal sailings for its two ships this summer" Arnold Donald, CEO, Carnival Corporation [world's largest cruise ship company]


US Economy

"I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE [quantitative easing], a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the US economy will likely boom" Jamie Dimon, CEO, JPMorgan Chase & Co.


Technology

"As the market is showing optimism with regards to a potential COVID recovery, we are seeing demand returning from industrial customers" Mark Adams, CEO, SMART Global Holdings Inc [global computer memory & storage provider]


Insurance

"The global P&C [property & casualty insurance] industry is one of the most complex and highly regulated markets in the world…It's also an industry that is undergoing significant change with the entry of new competitors and increasingly sophisticated customers who now expect a simplified digital experience" Mike Jackowski, CEO, Duck Creek Technologies Inc [multinational insurance software provider]


Retail

"I think if you ask anybody that's providing a product these days, we've seen a seismic shift [to online] over the last 12 months" Gary Medved, CEO, Mace Security International inc [global manufacturer of personal safety & security products]


Commercial Property

"The golden days of landlords milking retailers is gone. This [post COVID] is a complete reset" Paul Zahra, CEO, Australian Retailers Association

"If customers are choosing to shop a brand in store in a shopping centre then, yes, that's a relationship with the landlord. If customers are choosing to shop online because we've invested tens of millions of dollars in infrastructure then landlords have nothing do with that" Mark McInnes, CEO, Premier Investments Ltd


Residential Property

"Given the environment of rising housing prices and low interest rates, the bank will be monitoring trends in housing borrowing carefully and it is important that lending standards are maintained" Dr Philip Lowe, Governor, Reserve Bank of Australia


Food & Beverage

"Psychology experts assert that it takes on average, 66 days for a new behaviour to become habitual…we are nearly 400 days into the COVID-19 pandemic. Consumers have adapted to at-home eating and formed new habits that we expect to sustain well beyond the current conditions and early data supports our hypothesis" Sean Connolly, CEO, Conagra Brands Inc [multinational packaged foods brands conglomerate including brands Birds Eye & Healthy Choice]
  Forum: Macro Factors

nipper
Posted on: Apr 9 2021, 04:39 PM


Group: Member
Posts: 8,732

If it was that simple, eb, they probably would
  Forum: Investment Discussion

nipper
Posted on: Apr 9 2021, 04:27 PM


Group: Member
Posts: 8,732

and closed on the high for the day ... @ $3.44 >>>> + 87%
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 03:41 PM


Group: Member
Posts: 8,732

you still in, balance ?
.... $3.30 .. up 80% today

JRL (as of yesterday) claims that it is now officially the largest lithium deposit in the USA.
QUOTE
McDermitt now hosts a combined Indicated and Inferred Mineral Resource Inventory of 1.43 Billion tonnes at 1,320ppm Li for total of 10.1 Million tonnes Lithium Carbonate Equivalent (LCE) at 1,000 ppm Li COG, making it the largest lithium deposit in the United States by contained lithium in Mineral Resource, eclipsing Lithium Americas' (TSX: LAC) Thacker Pass deposit (8.3Mt LCE at 2,000ppm Li COG)1.

More drilling coming soon:
The 2021 drill program will be finalised based on the updated MRE with the aim to infill and further upgrade the Resource and to define the full extent of the lithium mineralisation at McDermitt.
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 03:34 PM


Group: Member
Posts: 8,732

tail winds indeed .... at a level not seen for 10 years


• Sighter flotation test work on Armstrong mineralised sample from RC chips produces commercial grade nickel concentrate (12% Ni)
• Material palladium grades in both sample (3 g/t) and concentrate (20 g/t) from Armstrong deposit

Palladium at Armstrong : A review of available palladium and platinum data in drill samples at the Armstrong deposit shows that while only ~10% of all samples in the area were assayed for Pd and / or Pt, elevated grades of the PGMs are closely associated with the locations of enriched nickel.
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 03:31 PM


Group: Member
Posts: 8,732

SDV has made it to $1.00.... was 70c late March when the Haldon acquisition was announced
  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 01:31 PM


Group: Member
Posts: 8,732

still going. Market cap $7M .... just raised $1.2M at 2c a share
QUOTE
Cullen Resources Limited (CUL) is a minerals explorer with a multi-commodity portfolio including projects managed through a number of JVs with key partners and a number of projects in its own right. Projects are focused for various commodities mainly in WA.



... WONGAN HILLS : Wheatbelt, ~200km NE of Perth. Strong FLEM conductor with coincident Au and Ag anomalies , targeting VHMS ; and ultramafic corridor, targeting Ni Cu PGE.
... BARLEE : SE of Youanmi. Positive first pass auger results targeting Penny West type gold along extensive strike of sheared granite /greenstone package
... NORTH TUCKABIANNA : ~30km ENE of Cue. Air core Cu/Au anomalies, major structures and prospect trends for Hollandaire (Au-Cu), and Break-of-Day (Au) type mineralisation


Portfolio Summary
Iron Ore Royalties – West Pilbara
Potential future cash flow from:... Wyloo, in Fortescue’s Western Hub (Eliwana)
... Proposed West Pilbara Iron Ore Project


Project Portfolio - SUMMARY
Drill Ready Targets: Gold – Base Metals W.A.
... North Tuckabianna, ... Wongan Hills, .... Barlee (subject to Heritage survey), ... Bromus South (subject to Heritage survey)
Current Joint Ventures & Farm-ins
... Mt Eureka JV, Rox (RXL) ... Killaloe JV, Liontown (LTR) , .... Paraburdoo JV, Fortescue (FMG)


Project Generation / Early Stage and/or Farm out
 Ni, Zn, Au, Cu, Co in FINLAND  BROMUS, SE W.A.  YORNUP, SW W.A.



  Forum: By Share Code

nipper
Posted on: Apr 9 2021, 10:44 AM


Group: Member
Posts: 8,732


in 12 months ... 5000 to 9,001.50
https://markets.businessinsider.com/commodities/copper-price
  Forum: Macro Factors

nipper
Posted on: Apr 9 2021, 09:59 AM


Group: Member
Posts: 8,732

DEM has brought forward the SPP close to 12/4. A good update today (1H2021 outlook is for ~18-25% organic growth vs pcp; 2Q2021 outlook is for ~33-47% organic growth vs pcp,) probably will help get the hesitant across the line

CEO Andreas Kroell said: “
QUOTE
We are pleased to report continued strong momentum in the first quarter of 2021 with our continued organic growth and expansion in the target high-growth segments of food, beverages and sustainable agriculture sectors. We look forward to commencing the cross sell sales process across both the Capic and De.mem businesses. With our world leading, innovative membrane technology, expanded product range, including Capic’s speciality chemicals, and our proven capability to operate and maintain water treatment plants, De.mem is uniquely positioned to realise our vision of becoming the Australian-headquartered “international champion” and market leader providing the complete ‘one-stop shop’ of decentralised industrial water treatment solutions.


  Forum: By Share Code

nipper
Posted on: Apr 8 2021, 05:37 PM


Group: Member
Posts: 8,732

How many ABC flunkies does it take to write a headline?
QUOTE
Morrison government finally address sexual harassment report — but is it enough?

The Conversation

By Emma Golledge, Dianne Anagnos, Madeleine Causbrook and Sean Bowes

The government's response to Kate Jenkins' landmark report on sexual harassment in the workplace includes several positive measures. But does it go far enough?
4, (and I hope Sean B is there for gender 'balance')
  Forum: Off Topic Chat

nipper
Posted on: Apr 8 2021, 05:31 PM


Group: Member
Posts: 8,732

and closed today at 6998.8 .... what will tomorrow bring?
  Forum: Macro Factors

nipper
Posted on: Apr 8 2021, 05:18 PM


Group: Member
Posts: 8,732

whilst GGG management claimed the Chinese partner was an advantage,
QUOTE
arguing .... that the involvement of Chengdu based Shenghe Resources, which he says holds 9.4 per cent of Greenland Minerals, is an advantage because of the technical knowledge it brings.

"There's not a lot of Western experience in this particular space. They've provided a huge amount of horsepower to the technical side of the project and it's not like they have a controlling stake, control of the agenda or the strategy.
Shenghe is widely regarded as a leader in rare earth processing, and is an established supplier to international end-users."

Mair says the relationship is actually an example of technology transfer out of China: the processing of rare earths and other commodities "isn't done in a black box on the other side of the earth; it's done here in Australia in commercial, accredited laboratories".

Furthermore, Mair says that while people are quick to point to the company's Chinese partners, Greenland Minerals has a far larger investor base – more than 20 per cent – and a fast-growing European share register, and over 15 per cent held by North American investors. "Shenghe's involvement in US rare earth producer MP Materials has been similar.

but the politics has kyboshed it.... down 40% today, before a Trading Halt.... further to go later??
  Forum: By Share Code

nipper
Posted on: Apr 8 2021, 04:03 PM


Group: Member
Posts: 8,732



QUOTE
Piedmont Lithium has scaled up its forecasts for mineral deposits at its flagship project in North Carolina, indicating a greater output of lithium.

The company, which signed an agreement to supply Tesla in a move that sent its stock price soaring last year, said on Thursday the global mineral resource estimate at the site was 40 per cent more than previously forecast.

The project site now has a mineral resource estimate of 39.2 megatonnes, according to the company.

“The expanded resource offers the potential for increased annual lithium production something we will evaluate as we prepare our updated scoping study for release next month,” said Keith Phillips, president and chief executive of Piedmont Lithium.
.... < bit of a howler in there... if it was Uranium, megatonnes might be appropriate. I'd go for million tonnes or mT >


  Forum: By Share Code

nipper
Posted on: Apr 8 2021, 03:50 PM


Group: Member
Posts: 8,732

hitting 5 year highs,

OUTLOOK
The first seven weeks of H2 2021 have started well in terms of software license sales and as such management expects the utilisation of its software consulting team to rise quickly.
• The business continues to build a strong deal pipeline but is experiencing delays in signing software contracts due to drawn out procurement, legal and approval processes. We still firmly believe these deals will be concluded in the fullness of time.
• COVID-19 has introduced some logistical challenges for our Advisory team due to the curtailment of international travel. Given these challenges we were pleased with the division's $0.8m contribution in the first half and expect another positive result in the second half.
• Our AMT product, coupled with the newly acquired IMAFS inventory optimiser, both have strong second half sales pipelines and we hope to conclude several important deals in H2 2021.
• The Company is confident that the continued heavy investment in its software products and their transition to the cloud will set the business up for strong market share growth in the medium term


Net Operating costs have dropped in the areas of consulting salaries, travel, accommodation and conferences
  Forum: By Share Code

nipper
Posted on: Apr 8 2021, 03:26 PM


Group: Member
Posts: 8,732

Platinum Capital, as a LIC, has been trading a few percentage points below NTA for quite a while. Not corrosively bad, but the gap never seems to be closed.

Today, for capital management reasons, the company has announced it will ... extend its on-market share buy-back for up to 10 per cent of PMC’s issued share capital for a further period of up to 12 months.
QUOTE
The purpose of extending the share buy-back period and therefore the notice, is to enable PMC, as part of its ongoing capital management policy, to buy-back its shares (without having to lodge a new notice at least 14 days prior to any proposed buy-back transaction) should the PMC share price trade at a significant discount to its underlying value. No target price has been set.
.
  Forum: By Share Code

nipper
Posted on: Apr 8 2021, 02:08 PM


Group: Member
Posts: 8,732

The S&P/ASX 200 hit a new 52-week and post pandemic high of 7012.4 points this morning and is not far off a record high of 7162 points.




Alltime highs:

Mineral Resources hit a record high of $41.45.

Plumbing parts business Reece is at a new record high of $19.49,

Metal detector business Codan,

Washington H Soul Pattinson joined the party at a new record high of $32.75 this morning.

.
12 month highs enjoyed by Regis Healthcare, Tabcorp, and Aristocrat Leisure.
  Forum: Macro Factors

nipper
Posted on: Apr 8 2021, 10:09 AM


Group: Member
Posts: 8,732

massive scaleback .... put in for $12,500 and got $2,250 in the SPP.
  Forum: By Share Code

nipper
Posted on: Apr 8 2021, 09:25 AM


Group: Member
Posts: 8,732

but, finally, they might be on to something
New thick, high-grade results, including from one of the deepest holes yet drilled

QUOTE
Recent drilling has returned one of the best intersections to date at the Antler Copper Deposit, with thick, high-grade assays from one of the deepest holes drilled so far in the “Main Shoot”:
• 25.4m @ 3.13% Cu, 8.91% Zn, 0.27% Pb, 19.6 g/t Ag and 0.26 g/t Au (25.4m @ 5.2% Cu equivalent*) in ANTDD202144.
New zone of thick, high-grade mineralisation also discovered at the northern end of the “Main Shoot”, with assays including:
• 6.8m @ 4.08% Cu, 3.77% Zn, 0.37% Pb, 19.1 g/t Ag and 0.34 g/t Au from 271.7m (6.8m @ 4.8% Cu equivalent*) in ANTDD202032.


Assays pending for 13 additional completed drill holes, with these results expected over the coming weeks.


  Forum: By Share Code

nipper
Posted on: Apr 8 2021, 08:19 AM


Group: Member
Posts: 8,732

On 06 April, 2021, amaysim Australia Limited (AYS) was removed from the ASX's Official List in accordance with Listing Rule 17.11, after security holders resolved to remove AYS from the Official List.
  Forum: By Share Code

nipper
Posted on: Apr 7 2021, 07:59 PM


Group: Member
Posts: 8,732

(Reuters) .. The Kvanefjeld rare earth mining project in southern Greenland will be halted, the leader of the Inuit Ataqatigiit party that won Tuesday's snap election told state broadcaster DR on Wednesday.
  Forum: By Share Code

nipper
Posted on: Apr 7 2021, 04:45 PM


Group: Member
Posts: 8,732

TG1 opened well above its 20c IPO price ... and kept there all day. Close at 29c
  Forum: By Share Code

nipper
Posted on: Apr 7 2021, 04:39 PM


Group: Member
Posts: 8,732

make that 80% by close
  Forum: By Share Code

nipper
Posted on: Apr 7 2021, 08:54 AM


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Posts: 8,732

On March 11th, 2021, MyFiziq Limited (MYQ) changed its name and ASX code to Advanced Human Imaging Limited (AHI) .

Advanced Human Imaging Ltd (AHI), formerly MyFiziq Limited, is a software company which has developed and patented a proprietary image capture and dimensioning technology that enables its users to check, track, and assess accurately their dimensions and vital signs using only a smartphone privately on-device. AHI also provides a multi-scan solution comprising of BodyScan, FaceScan, and DermaScan - unlocking body dimension, composition, and a multitude of biometric markers and risks.

.... currently in a Trading Halt
1. The Company requests a trading halt immediately, pending the Company’s response to ASX’s price query letter which the ASX has advised will be sent on the date of this request.

2. The halt is to last until the earlier of the Company’s response to the price query, or the commencement of trading on Thursday, 1 April 2021.

  Forum: By Share Code

nipper
Posted on: Apr 7 2021, 08:13 AM


Group: Member
Posts: 8,732

isn't it interesting that Credit Suisse can blow $4 billion on Archegos, a phantasm geared set of paper trades, and now
.
QUOTE
Citibank’s London branch filed an application on Tuesday for “winding up in insolvency” in the NSW Supreme Court against GFG Alliance’s OneSteel Manufacturing, which operates the Whyalla Steelworks, and GFG’s Tahmoor Coal.

Citibank acts as trustee for some GFG invoices that were packaged into bonds by the collapsed firm Greensill Capital and held in four supply-chain funds managed by Credit Suisse, which is trying to recover billions of dollars for more than 1000 investors who sank money into them.
and then, umbrage, splutter, a suggestion : Whyalla Steelworks could be sold off or forced to seek a government bailout.
Same old game : Privitise gains, Socialise losses
  Forum: Investment Discussion

nipper
Posted on: Apr 7 2021, 06:51 AM


Group: Member
Posts: 8,732

Can I use it in Scrabble?
  Forum: Off Topic Chat

nipper
Posted on: Apr 6 2021, 01:42 PM


Group: Member
Posts: 8,732


Los Cerros Limited (LCL), backed into Metminco Limited MNC in Jan 2020 after a 1 for 40 consolidation (essentially wiping out earlier shareholders)

It is an ASX listed exploration and mining company, advancing a strong portfolio of exploration projects located in Colombia and Chile, mainly focused on gold, but with exposure to copper, molybdenum, and zinc. Projects range from early stage exploration, through advanced stage exploration to feasibility.

By October 2020Raised cash, extinguished debt.
Raised more cash
Return to exploration field work in the second half of the year.
• Final Chuscal drill results confirms extensive epithermal gold overprinting porphyry gold
• Dosquebradas Resources grows total Quinchia Gold Project Mineral Resources to 1.3Moz
• AngloGold becomes shareholder; LCL secures 100% of the Chuscal prospect, and therefore 100% of entire Quinchia Project
• HK Ausino $2M exploration partnership signed, first purchase order placed for drill rig and peripherals
• Chuscal targeting and 3-D modelling. 3 porphyry targets for 2020 drill program
• Miraflores review reveals potential for more high grade targets white/Grey Breccia

Tesorito: Step out program from previous successful drilling and investigation of NE anomalous region grade ISS veins
• Early Sept: Exceptionally wide gold intercept 230m returned from Los Cerros first diamond hole (TS-DH08) at the southern Tesorito anomaly in Colombia


At end of 2021, LCL has $7 million in cash and a cash burn of around $1.2 million a quarter (last quarter)
Drilling lots of porphery targets and getting big intersections with low gold (<1g/t Au). Today, up nearly 20% after emerging from a TH, the MD said Tesorito South was elevated to a globally significant recent gold porphyry discovery.



  Forum: By Share Code

nipper
Posted on: Apr 6 2021, 12:42 PM


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Posts: 8,732

On June 5th, 2014, YTC Resources Limited (YTC) changed its name and ASX code to Aurelia Metals Limited (AMI).


It didn't get recapitalised, as far as I can see. A block of a $156.9 million shares, representing almost 37 per cent of the company's shares on issue, was sold on behalf of mining-focused private equity firm Pacific Road Capital in June 2018. Market cap is around $500 million. Has around $50M in cash and paid a dividend last year. When the well reputed CEO left abruptly in May 2019, the SP dropped 20%
QUOTE
Aurelia is involved in production and mineral exploration of gold, copper, lead and zinc, in several projects:
Hera (Mine & Federation Project), Peak Gold Mine, Nymagee Project and Dargues mine. It claims to be one of the lowest cost gold producers, with AISC at $1035 an oz fpr 46koz.
Hera mine near Nymagee has a short lifespan (2 years) but nearby Federation is bringing in promising intersections . Acquired Peak Mine near Cobar (4 year life) and has proven up Kairos orebody to be a rich polymetallic lode, with significant gold in the mineralisation.... will commence mining their Kairos deposits in the June quarter.

Dargues Mine in SE NSW is a recent acquisition. Not a Tier One miner, but manages to sweat their deposits, and keep costs down.
  Forum: By Share Code

nipper
Posted on: Apr 6 2021, 10:19 AM


Group: Member
Posts: 8,732

NickelX Limited (NKL) is raising $5 million at 20c a share and is looking to list on the ASX in April 2020. The offer is not underwritten; offer is looking to close on 09 Apr.

NickelX has recently entered into acquisition agreements pursuant to which it will, subject to a number of conditions, acquire the Biranup Project and the Ponton Project, which comprise seven prospective Tenements (six granted and one pending application) that the Company considers to be prospective for nickel and gold mineralisation.


The Projects are located in the Albany-Fraser Orogen (AFO), Western Australia and cover a total of 382 Km˛.


https://www.nickelx.com
  Forum: By Share Code

nipper
Posted on: Apr 6 2021, 09:38 AM


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Posts: 8,732

From the PDS

5.1 Overview
The Delorean entities originally operated as separate service companies in the renewable energy industry. In December 2019, Delorean Corporation Limited was incorporated to act as the parent company and to bring each of those entities under a single group.

Within the Delorean Group, the subsidiaries are responsible for:
Delorean Energy Pty Ltd
Delorean Energy is the entity through which the Delorean Group holds its interest in its pipeline of infrastructure projects. Within the group, it is the Infrastructure development and management company specialising in bioenergy plants using mature technology anaerobic digestion systems.

Cleantech Energy Pty Ltd
CleanTech is the entity through which the Delorean Group conducts all retailing of energy. It is an established electricity retailer in the Western Australian energy market with licences to operate in the national market.

Biogass Renewables Pty Ltd
Biogass Renewables is Delorean's Engineer, Procure, Construct (EPC) and Operate and Maintain (O&M) contractor that builds bioenergy facilities.

TekPro Pty Ltd
Tekpro operates closely with Biogass Renewables to deliver structural engineering and fabrication for large storage vessels, steel structures and installation of steel pipework
  Forum: By Share Code

nipper
Posted on: Apr 6 2021, 09:16 AM


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Posts: 8,732

Compelling New Data Moves Noxopharm to Protect Major Veyonda® Opportunity in Septic Shock Treatment

Highlights:

QUOTE
• Noxopharm responds to compelling COVID-19 pre-clinical data by lodging an International PCT patent application
• Patent intended to protect extended use of Veyonda beyond cancer into septic shock applications
• Lack of effective treatments means that septic shock is responsible for an estimated 10 million deaths per annum, plus at least another 3 million deaths from COVID19
• Pre-clinical data confirms actions of Veyonda widely considered fundamental to blocking the cytokine storm that leads to septic shock
• Data produced by Australian academic collaborators independent of the Company
• Analysis of NOXCOVID trial patient blood samples underway
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 03:35 PM


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Posts: 8,732

Another ASX growth share to look at is IDP Education. It is a leading provider of international student placement and English language testing services.

The last 12 months have been tough for the company due to the pandemic’s impact on demand for its services. However, trading conditions are improving as vaccines are rolled out across the world. In addition, pent up demand looks likely to lead to a surge in demand once the crisis passes.

One broker that is particularly positive on the company is Macquarie. It currently has an outperform rating and $30.80 price target on the company’s shares.

It notes that IELTS testing is expected to return to pre-COVID levels by December. It also expects the company’s investments in its digital business to support margin improvements
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 02:35 PM


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Posts: 8,732

Auroch gets a mention alongside, by a newly minted company soon to IPO on the ASX. Embarking on a bit of nearology, perhaps, or one to watch??

QUOTE
In November 2020, the Company [ Albion Resources (ALB) ] secured an exploration licence application for a 42km2 massive nickel sulphide project along strike from Auroch Minerals (ASX: AOU) Horn Ni / Cu discovery in the world class nickel region of Leinster, also in Western Australia. On 14 December 2020 Auroch Minerals announced grades peaking 4.09m @2.41% Ni, 0.61% Cu and 0.55g/t Pd from drill hole HNDD001 (from 119.91m). Data compilation across the Leinster project has highlighted the limited drilling at depths below 100m, despite drill indicated nickel mineralisation from shallow historic drilling. The Company ALB anticipates an exploration licence for the Leinster project will be granted later in 2021.
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 02:16 PM


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Posts: 8,732

Investigations are still ongoing on the irregularities arising from China work .... As mentioned elsewhere, it is unlikely trading will occur this FY.


When PET does relist, it is likely to be way down. With $30 million in the bank, calculations have the minimum SP at $0.048 based on the cash and shares issued. The revenue split of current projects is China 47%, Brasil & USA 42%, Europe 9% and Aust 2%.

PET Last traded @ $0.245 with a high in 2019 of $1.59
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 02:06 PM


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Posts: 8,732

QMines Limited (QML) is raising $20 million at 30c a share, in an IPO through Shaws and expects to list mid to late April 2021.

https://qmines.com.au/

QMines holds a 100% interest in the Mount Chalmers project, located east of Rockhampton in Queensland. The Mount Chalmers copper and gold mine produced 1.24 Mt @ 2.0% Cu, 3.6g/t Au and 19g/t Ag during periodic mining between 1898 and 1982. The Company aims to create a low cost, low emission, sustainable mining operation to supply copper to the growing green energy sector and meet the anticipated demand growth.
The Company also holds a 100% interest in the Silverwood, Warroo and Herries Range projects located south east of Brisbane in Queensland. The Warroo project has also seen historic copper and gold mining activity which warrants further exploration.

Mt Chalmers Project
The Company’s flagship project, the Mt Chalmers Project, is situated approximately 17km north-east of Rockhampton in Queensland. The Company holds EPM 25935 and EPM 27428, which cover an area of approximately 51km˛ and it has recently extended the Mt Chalmers tenement package, applying for EPM 27726 and acquiring the application for EPM 27697, which cover an area of approximately 147km˛.

Silverwood Project
The Silverwood Project is located 15km south of the regional centre of Warwick in Queensland. The project consists of EPM 27281 and EPM 27724 which cover an area of approximately 234km˛.

Warroo Project
The Warroo Project is located 50km west of Stanthorpe in Queensland. The Warroo Project consists of EPM 26178 and EPM 27725, which cover an area of approximately 216km˛.

Herries Range Project
The Herries Range Project comprises three contiguous EPMs, EPM 25785, EPM 25786 and EPM 25788 covering an area of approximately 330km˛. The project is situated 40km west of Warwick in Queensland, covering the central and southern portions of the Warwick Goldfields.
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 02:03 PM


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Posts: 8,732

The securities of QMASTOR Limited (QML) were suspended from official quotation from the close of trading on Wednesday, 16 November 2011 in accordance with listing rule 17.4, following lodgement of the compulsory acquisition notice for the Company's securities by Triple Point (Australia) Pty Limited on Wednesday, 9 November 2011. Triple Point was successful with an offer of $0.31 cash per share.

and of course prior to this, QML code was for Queensland Mines Ltd
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 01:59 PM


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Delorean Corporation (DEL) is looking for $14million at 20 a share, with its IPO slated for April 2021. Although RM Corporate Finance Pty Ltd and Morgans Corporate Limited are Underwriters/Lead Managers, the expected date of 08/04 is not yet firmed up .... (!)


https://www.deloreancorporation.com.au/

Delorean is Australia's leading builder and developer of bioenergy infrastructure and a retailer of electricity aiming to create its own pipeline of bioenergy infrastructure projects in Australia. Delorean currently operates businesses in:
(a) design, construction development and operation of renewable bioenergy generation assets, specialising in anaerobic digestion processes converting organic waste into renewable electricity, heat and biomethane.
(b) retail of energy and gas; and
© fabrication and installation of industrial scale stainless steel tanks and associated infrastructure for itself as well as independent third parties.

Delorean is positioned to utilise its market experience to extend its current services based business into an energy infrastructure asset owner and operator, growing its revenues with additional annuity based income streams from bioenergy generation infrastructure projects. Delorean operates both in the waste processing and renewable energy sectors by being a viable disposal option for organic waste for businesses needing a sustainable method of disposal, and then utilising that organic waste for the generation of renewable energy for sale.
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 01:53 PM


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Posts: 8,732

TechGen Metals Ltd (TG1) is an Australian registered exploration Company with a primary focus on exploring and developing its acquired gold and copper projects in Western Australia.

Upon the completion of a number of Acquisition Agreements, the Company will hold a portfolio of twelve exploration licences covering a combined area of 986km˛, located in three highly prospective geological regions of Western Australia; the Yilgarn Craton, Paterson Orogen and Ashburton Basin. The Yilgarn Craton and Paterson Orogen are both proven world class gold and base metal provinces whilst the Ashburton Basin is considered highly prospective yet under explored and has the potential for major new gold and base metal discoveries.

The spread of Projects across these three geological regions provides the Company with geographical and operational diversification. Upon acquisition of the Projects, TechGen Metals proposes to accelerate exploration of its gold and copper projects and is seeking to fund this work through an initial public offer of a minimum of 25,000,000 Shares and a maximum of 30,000,000 Shares, at an issue price of $0.20 per Share to raise between $5,000,000 and $6,000,000 (before costs).


looking to list on 07 April 2021. Looks like they got their money ... $6M
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 01:47 PM


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Posts: 8,732

Island Pharmaceuticals (ILA) is raising $7.5 million at 25c a share and will IPO in April 2021. The offer is not underwritten.

www.islandpharmaceuticals.com

Island Pharma is a drug research and repurposing company, focused on developing preventative or therapeutic drugs for viral infections. The Company has a lead program in dengue that was initially developed by Island's wholly owned subsidiary, Isla Pharmaceuticals, Inc. (a company incorporated in the United States, referred to as Isla US).
Isla US is currently advancing its lead drug candidate Isla101 towards a Phase 2 clinical trial in dengue infected subjects. Isla101 also has the potential to be used to prevent or treat a number of viruses including dengue, Zika and chikungunya, and other diseases rife in tropical climates. It could potentially displace vaccines.

Assuming Isla101 is given approval by the FDA, and certain other criteria are met, Isla US will be eligible to obtain a "Priority Review Voucher" at the time of approval. This means that as well as getting approval to commercialize Isla101, the Priority Review Voucher (PRV) will permit Isla US to expedite the FDA approval process for a new drug or sell the PRV to a third party. A recent PRV issued to Australian company Medicines Development for Moxidectin, an FDA approved treatment for onchocerciasis, has been subsequently purchased by Novo Nordisk.
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nipper
Posted on: Apr 5 2021, 01:40 PM


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Propell Holdings Limited (PHL) is raising $5 million at 20c a share and will IPO in April 2021. The float is not underwritten.

https://www.propellholdings.com/

Propell Holdings is an Australian incorporated, digital only, customer centric FinTech focused on payments and lending for the small to medium enterprise segment. Propell provides its Customers with an intelligent, digital financial Platform with multiple financial products to help them manage and optimise their cashflow.

Current financial products include a lending product which provides business owners with funding all facilitated through Propell's proprietary credit technology and a Transactional Product to enable businesses to accept a variety of emerging payment methods online and instore.

The Platform also provides users with real time actionable insights to manage and optimise their cashflow. Propell's purpose is to help SMEs manage and optimise their business with simple financial solutions.
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nipper
Posted on: Apr 5 2021, 01:35 PM


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Pearl Healthcare (PHL) .... delisted in 2012; a lack of liquidity, lack of investor interest, limited shareholder spread and need to reduce costs were all reasons for the delisting. Since then, the company has been privatised and is now PEARL HEALTHCARE PTY LTD, as of 2018
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nipper
Posted on: Apr 5 2021, 01:23 PM


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QUOTE
Data on Pfizer and Modern vaccine is actually damming if any journalist actually looked.
hold back those floodgates
  Forum: Off Topic Chat

nipper
Posted on: Apr 5 2021, 12:54 PM


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Iceni Gold (ICL) is looking to list on the ASX in April 2021 , with the IPO raising $20 million at 20c a share (through Morgans)


Iceni Gold's key project is the 14 Mile Well Project, located in the Laverton region of Western Australia, within the Eastern Goldfields Superterrane (EGST) of the Yilgarn Craton in an area that has seen limited methodical exploration activities.

The Project comprises five (5) granted Exploration Licences, 155 granted Prospecting Licences and 1 granted Mining Lease. It also includes applications for a further six Prospecting Licences, and three Mining Leases (overlapping the area of existing granted Prospecting Licences).

Nearby gold mines include Granny Smith (approximately 50 km to the northeast), Wallaby, and Sunrise Dam (both approximately 20 km to the east) and Mount Morgans (approximately 15 km to the northeast).

Following a review of historic exploration undertaken at the Project and exploration undertaken by the Company, management has identified six initial targets for further assessment following the Company's listing, being the Claypan, North One, Deep Well, Danjo Northeast (NE), Everleigh Well and Guyer Well targets, on which it will undertake a targeted drilling campaign to test mineralisation identified to date.
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nipper
Posted on: Apr 5 2021, 12:50 PM


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INTERNATIONAL COAL HOLDINGS LIMITED was delisted on 16/02/2011


QUOTE
  Forum: By Share Code

nipper
Posted on: Apr 5 2021, 12:44 PM


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Albion Resources (ALB) intends to list on the ASX in April 2021, following an IPO looking to raise $5 million, at 20c a share.

https://albionresources.com.au/

In 2017, Albion Resources was founded for the purpose of scoping the globe for high grade zinc opportunities which included, amongst other jurisdictions, Australia, Ireland, Spain and the African continent.

The search culminated in the Company's acquisition of potential high grade Zinc / Lead projects in the Lennard Shelf of Western Australia. The Lennard Shelf is a world class Mississippi Valley Type zinc/ lead province where known resources prior to mining in 1987 included the Pillara Mine (19.3Mt @ 7.8% Zn and 2.6% Pb) and Cadjebut Trend (16.4Mt @ 8.9% Zn and 5% Pb). Since then, exploration in the province has been largely overlooked, despite comparable geology and a timely reversal in base metal prices.

In October 2020, the Company carried out a substantial aeromagnetic survey which assisted in defining prominent ENE trending structures, interpreted to be the control of the zinc-lead mineralisation. Past exploration primarily focussed on stratigraphic drilling targeting the occurrence of shallow granitic basement and the Pillara Formation. With highly anomalous geochemical and historical drill intercepts, such as 4.6m @ 5% Zn and 30.5% Pb from 53.3m, positioned on these ENE trending structures, the Company has numerous prospects that warrant drill testing.

In November 2020, the Company secured an exploration licence application for a 42km2 massive nickel sulphide project along strike from Auroch Minerals (ASX: AOU) Horn Ni / Cu discovery in the world class nickel region of Leinster, also in Western Australia. On 14 December 2020 Auroch Minerals announced grades peaking 4.09m @2.41% Ni, 0.61% Cu and 0.55g/t Pd from drill hole HNDD001 (from 119.91m). Data compilation across the Leinster project has highlighted the limited drilling at depths below 100m, despite drill-indicated nickel mineralisation from shallow historic drilling. The Company anticipates an exploration licence for the Leinster project will be granted later in 2021.
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nipper
Posted on: Apr 5 2021, 11:41 AM


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The next electric-car battery champion could be European


QUOTE
With Europe expected to lead the world in electric car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent. After years of ceding the EV battery business to foreign companies, Europe wants in. Prospective manufacturers are popping up in the Nordic region, Germany, France, the UK and Poland in a transcontinental competition to chip away at the dominance of China's Contemporary Amperex Technology and South Korea's LG Energy Solution.

Fuelled by state support of at least 6.1 billion euros ($7.3 billion) and investment plans totaling 10 times that in just one year, the race is on for a regional champion to emerge. The contestants include startups Northvolt AB in Sweden, Britishvolt and France's Automotive Cells Co, and powerhouses Tesla and Volkswagen.

Bloomberg NEF estimates the continent could see its share of global battery production rise to 31 per cent by 2030 from just 7 per cent last year.......

https://boards.sharecafe.com.au/index.php?a...ew_last_x_posts
  Forum: Investment Discussion

nipper
Posted on: Apr 5 2021, 11:22 AM


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The next electric-car battery champion could be European


by Tara Patel and Ewa Krukowska


With Europe expected to lead the world in electric car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent.
After years of ceding the EV battery business to foreign companies, Europe wants in. Prospective manufacturers are popping up in the Nordic region, Germany, France, the UK and Poland in a transcontinental competition to chip away at the dominance of China's Contemporary Amperex Technology and South Korea's LG Energy Solution.

Fuelled by state support of at least 6.1 billion euros ($7.3 billion) and investment plans totaling 10 times that in just one year, the race is on for a regional champion to emerge. The contestants include startups Northvolt AB in Sweden, Britishvolt and France's Automotive Cells Co, and powerhouses Tesla and Volkswagen.

Bloomberg NEF estimates the continent could see its share of global battery production rise to 31 per cent by 2030 from just 7 per cent last year.

"We're creating a new industry in Europe; we're creating a completely new ecosystem," Maros Sefcovic, the European Commission vice president overseeing the battery initiative, said in an interview. The investments are really pouring in.

Sefcovic estimated the planned investments just for 2019 to be about 60 billion euros ($71 billion), triple that being spent in China. Those eye-watering totals cover the entire supply chain, from materials and cells to assembly and recycling.

Amid tougher emissions rules and fines for violating them, sales of EVs -- both battery-electric and plug in hybrid models -- in Europe more than doubled last year to about 1.3 million units, topping China for the first time.

That could reach 1.9 million this year as VW, Stellantis NV and BMW AG map out plans for new models and higher output, and Ford and Volvo commit to going almost all-electric.

Those ambitions will require a lot of power packs, and the local auto industry's reliance on overseas suppliers grates on political leaders in Germany, France and Brussels. They are loath to have local automakers, which are major employers, be reliant on battery makers based outside the region.

The clamber to build up local supply chains is palpable. Traditional car-making countries Germany, France, Italy and the UK are especially keen to stay competitive in battery technology and maintain their manufacturing bases.

Germany is elbowing its way to the front of the pack, committing as much as 2.6 billion euros to the battery business and luring Tesla, CATL, LG Energy and ACC to set up shop there.

"Every nation wants a battery plant," said Jean-Pierre Corniou, a former Renault SA executive now a partner at consultancy SIA Partners.

There are plans for 27 battery-producing sites across the region that could churn out least 500 gigawatt-hours of cells this decade, he estimated.

VW made a massive bid for the pole position last month by unleashing an estimated $18 billion plan for six battery factories in Europe – including one in Salzgitter, Germany -- and to expand its network of fast-charging stations.

If all goes as intended, the German automaker and partners could leapfrog challengers and become the world's No. 2 cell producer behind CATL, according to BNEF.

QUOTE
Automakers are realising they would lose out on a lot of added value, so they want to re-appropriate the manufacturing process, Corniou said.


The European Commission set a target of getting at least 30 million zero emission cars on the roads by 2030, and the ambition is that European factories would cover more than 90 per cent of the demand for batteries.

VW will plug its own packs into its own cars, leaving wide-open lanes for competing battery makers to nab customers. European automakers are under pressure to meet stricter European Union emissions rules, and consumer spending is expected to explode as nations emerge from Covid-19 lockdowns.

Battery demand is forecast to be so strong that production barely will keep pace by decade's end, according to UBS Group AG analysts.

So the market is there. Yet it won't be easy for the startups to catch CATL, Panasonic and LG Energy, all of whom spent years honing operations in Asia and the US before moving into Europe.

CATL, the largest producer of rechargeable cells, will invest 78 billion yuan ($12 billion) to add about 230 gigawatt-hours of capacity worldwide within the next four years. The Ningde, China-based company supplies almost every major global EV brand, and it's scheduled to start producing in Germany this year.

And then there's Elon Musk. Tesla is the biggest EV maker, selling about half-a-million cars last year, and plans to assemble Model Ys and batteries in Germany to juice its European expansion. Musk's operations are becoming a magnet for EV suppliers and triggering a local industrial renaissance. That expertise is daunting for competitors, said Isobel Sheldon, chief strategy officer for Britishvolt.

QUOTE
Tesla is the biggest thorn in the side for the European cell manufacturing base, she said.


When it comes to the startups, Northvolt , founded by former Tesla executives , is years ahead of rivals. The company has a $14 billion supply deal with VW and another with BMW AG, and is preparing to churn out cells by year's end at its Skelleftea site. Northvolt wants to grab 25 per cent of Europe's battery market by 2030, Chief executive officer and founder Peter Carlsson has said.

That was before the VW offensive. Automakers "are putting more and more efforts behind their electrification plans and have revised their battery needs upwards," said Jesper Wigardt, a Northvolt spokesman. "We will need to evaluate our target continuously."

Britishvolt plans to start building a 2.6 billion-pound ($3.6 billion) factory in northeast England later this year. The site will use hydropower from Norway and could be online by 2023. The startup based in Blyth is in talks with EV makers in the UK, EU, US and Japan, she said without elaborating.

Further behind, but flush with public funds for development, is a joint venture between Stellantis and oil giant Total SA. Instead of starting from scratch, ACC plans to hasten expansion by producing batteries at two former car-parts plants.

QUOTE
Europe isn't too late, said Corniou, the SIA consultant. The market will be colossal, and there's a need for competitive technology.
Bloomberg
  Forum: Investment Discussion

nipper
Posted on: Apr 5 2021, 07:48 AM


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Yawn
  Forum: Off Topic Chat

nipper
Posted on: Apr 4 2021, 10:01 AM


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How mRNA Technology Could Change the World


mRNA's story likely will not end with COVID-19: Its potential stretches far beyond this pandemic.

https://www.theatlantic.com/ideas/archive/2...e-world/618431/


QUOTE
Then there’s cancer. Scientists may never devise a single vaccine for cancer, because cancer is not a single disease but a constellation of more than 100 maladies, which we usually name for the place on the body where they originate. But what if we could respond to these hundreds of cancers with our own constellation of therapies that could train the body to attack a specific tumor?

This is the idea behind BioNTech’s cancer-immunotherapy research. It works something like this: For each cancer patient, BioNTech takes a tissue sample from a tumor to perform a genetic analysis. Based on that test, the company designs an individually tailored mRNA vaccine, which tells the patient’s cells to produce proteins associated with that specific tumor’s specific mutation. The immune system learns to search-and-destroy similar tumor cells throughout the body.

This cycle of analysis and design is not so different from the way BioNTech and Moderna swiftly analyzed Chinese scientists’ sequencing of SARS-CoV-2, identified the spike protein for attack, and made an effective therapy. “We hope that everything we’ve learned from COVID about producing and manufacturing mRNA can cross-fertilize the work on our off-the-shelf cancer treatments,” BioNTech’s Özlem Türeci told me. The company is currently in clinical trials for personalized vaccines in “basically every solid cancer,” she said, including melanoma, breast cancer, and ovarian cancer. A 2021 analysis by University of North Carolina researchers in the journal Molecular Cancer pointed out that these cancer treatments have been slow to develop in recent years but that the COVID-19 breakthrough coincided with “promising” clinical trials in cancer vaccines. “We envision the rapid advancing of mRNA vaccines for cancer immunotherapy in the near future,” they concluded....



  Forum: Investment Discussion

nipper
Posted on: Apr 3 2021, 07:48 PM


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How mRNA Technology Could Change the World


mRNA's story likely will not end with COVID-19: Its potential stretches far beyond this pandemic.



https://www.theatlantic.com/ideas/archive/2...e-world/618431/
  Forum: Off Topic Chat

nipper
Posted on: Apr 3 2021, 01:25 PM


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Tesla delivered 184,800 vehicles in the first quarter, putting it on pace to easily surpass the near 500,000 vehicles it delivered in 2020.
  Forum: Investment Discussion

nipper
Posted on: Apr 3 2021, 11:13 AM


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Santos has given the go ahead to its $4.7 billion Barossa gas project north of Darwin after its plans were put on hold last year amid the coronavirus driven market crash. The green light for the offshore gas and condensate project also kickstarts a $US600 million ($786 million) investment in the Darwin LNG plant's life extension and pipeline projects, which will extend the facility life for around 20 years, Santos said.

The decision to go ahead was by Santos' decision last week to approve the most crucial part of the spend ... the FPSO vessel construction and operation contract to BW Offshore.

The field will be developed via an FPSO with six subsea production wells, infield facilities, and a gas export pipeline tied into the Bayu Undan to Darwin pipeline system that supplies gas to Darwin LNG.


Santos CEO Kevin Gallagher said Barossa would be one of the lowest cost, new LNG supply projects in the world and would give Santos and Darwin LNG a competitive advantage in a tightening global LNG market.

Santos said the project represented the biggest investment in Australia's oil and gas sector since 2012.

QUOTE
Barossa and Darwin LNG life extension will create 600 jobs throughout the construction phase and secure 350 jobs for the next 20 years of production at the Darwin LNG facility.

Less than a year since we completed the acquisition of ConocoPhillips' northern Australia and Timor-Leste assets and despite the global economic impact of a once-in-a-hundred-year pandemic, it is a great achievement to have extended the life of Bayu-Undan following the approval of the infill drilling program and now to have taken FID on the Barossa project....

I would like to thank the Australian, Northern Territory and Timor Leste governments, our joint venture partners and our customers for their support, he said.
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nipper
Posted on: Apr 3 2021, 09:43 AM


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and


European Metals and CEZ Ready Cinovec for EV Revolution

https://www.sharecafe.com.au/2021/03/22/eur...-ev-revolution/
QUOTE
Perth based European Metals Holdings (EMH) has found itself in the thick of things, with its hard rock Cinovec lithium project in the Czech Republic being rapidly advanced to become part of Europe's battery materials solution. EMH executive chairman Keith Coughlan said that there were both strategic and economic considerations behind Europe's green push, and the establishment of a European battery industry ,

"Strategically, they are not going to throw hundreds of billions of Euros on a new industry and be reliant on China for any part of the supply chain.''"It's also about economic security as Europe needs to ensure it has jobs going forward because it takes a lot less people to build and service electric vehicles. They are also shutting down coal which is another big employer,'' Coughlan said.

"And it is not just about the recovery from COVID-19 which highlighted the need for local supply chains.''

Cinovec is the fourth largest non-brine lithium deposit in the world and the biggest in Europe (as well as being a globally significant source of tin).
  Forum: By Share Code

nipper
Posted on: Apr 3 2021, 09:38 AM


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Euro Manganese Raises $30m to Secure Manganese Dominance in Europe
https://www.sharecafe.com.au/2021/03/25/eur...ance-in-europe/

QUOTE
Euro Manganese (ASX: EMN) has announced a private placement to accelerate its high purity manganese development program. The offering was anchored by a strategic investor and an ESG focused fund, and also received strong support from several existing institutional shareholders.
  Forum: By Share Code

nipper
Posted on: Apr 2 2021, 01:59 PM


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SkyFii Ltd (SKF) , formerly RKS Consolidated Limited, listed on the ASX in November 2014
It is an omnidata intelligence company which is involved in development and commercialisation of data analytics, marketing and advertising services to its customers in Australia, North America, UK & Europe and Internationally. It collects and analyses billions of data points each month from a range of venue types.

.
well, that is not good enough. I want to see them collecting and analysing billions of data points each hour !

Despite being around for years, there doesn't seem to be positive earnings, though sales are increasing, slightly, most years. Market Cap is $60M. As usual, the best numbers are pushed forward, but it seems to be still tiny. Last Quarter; Operating Revenue $4M, Recurring Revenue $2.8M. Revenue pricing ranges from $50-$10,000 per venue per month (=a lot of hard work).

When a significant element of the most recent Outlook is as follows, I get worried
QUOTE
Continued investment into marketing activities to continue to drive quality leads across all markets


and now, plans: SKF has launched an $8 million placement last week at 16.5˘ a share, (at a pretty wide discount of 17.5 per cent to its last close and a 21.1 per cent discount to thes 10 day volume weighted average price). The money raised would go towards buying CrowdVision, which has developed a technology to track and pull data on how people use airports, exhibitions centres, large scale resorts and the like.
CrowdVision posted $US3.1 million revenue in calendar year 2020 and the Skyfii deal implied a $US8 million enterprise value.
Skyfii would pay an upfront $US1 million cash consideration, with the rest paid in three months through a mixture of cash and scrip depending on CrowdVision's net debt and net working capital.
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nipper
Posted on: Apr 2 2021, 01:39 PM


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and ,,,.... clearly those previous multiple iterations did not work. Out of the corpse .......


On November 20th, 2014, RKS Consolidated Limited (RKS) changed its name and ASX code to SkyFii Limited (SKF).
  Forum: By Share Code

nipper
Posted on: Apr 2 2021, 11:38 AM


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talking about the present, the name of SoftBank comes up too frequently
QUOTE
May 2019..... That was around the time Japan’s Softbank started pumping hundreds of millions of dollars into [the] global supply chain finance venture, Greensill Capital.


Greensill Capital has now collapsed ...

likely nice Mr Gupta will follow.

... what do all of these have in common? 1. Leverage , and 2. Opacity


  Forum: Investment Discussion

nipper
Posted on: Apr 2 2021, 10:50 AM


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the Tyler Durden piece is interesting (in the RBC thread) ... we always expect the sky is falling argument but sometimes there are kernels of truth.
QUOTE
What is amazing about this unilateral Ponzi scheme [Archegos] is that it relied on what we have dubbed rehypothecated leverage: the fund never even owned the underlying stock which was layered with billions in generous Prime Broker debt, but it was Archegos' Prime Brokers who not only would own the actual stock but would also allow Hwang to add tens of billions in leverage... on an asset that they owned!

What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.


Another tilt, from The 10th Man weekly newsletter, and along the same lines, which if it is true, could mean a bumpy time ahead:
Lots of people don’t understand how equity swaps work .... now is not really the right time for an explainer on that. All you need to know is that you can obtain increased leverage on a single stock position (or a basket of stocks) with minimal reporting requirements.

A swap provides anonymity. We know Archegos' name because the trades blew up.

What this really comes down to is the credit and risk decisions that were being made within the prime brokers.

A prime broker is essentially an internal clearinghouse at a bank, and one of the main functions of a prime broker is extending margin.

Allowing a single hedge fund to accumulate positions in the billions on swap seems… unwise. Especially since funds can have more than one prime broker, and you don’t know what kind of trades they’re putting on somewhere else.

Swaps are a funding trade. A bank earns money on swaps via a spread between the floating interest rate received on the swap from the hedge fund and the rate that the bank funds itself in the market.

The more that a prime broker can increase its balances, the more money it will earn. You don’t make money by not doing business.

I don’t have at my command the memory of the last time a major prime brokerage client blew up. The last time we were talking about prime brokers, in 2008, it was the prime brokers that were blowing up.

It’s kind of interesting that Archegos took a digger with the stock market near all-time highs.

Usually these types of risks are exposed at the bottom of the market, not the top. And it makes you wonder what other types of risks are lurking out there in hedge fund land.

A lot of smart people I talk to are confident that there is never one cockroach. I disagree.

I assure you that, this past Monday morning, PBs were hard at work raising margin requirements on all their (other) existing swap positions.

Remember, the market is self-correcting. The best time to fly on an airplane is after a major crash.

<h2 style="line-height:140%">The Takeaway</h2> A lot of people think that bull markets end on valuation.

Bull markets do [i]not end on valuation. Bull markets end when one large, leveraged player gets taken out of the market. We call this person the marginal buyer.[/i]

In this case, I would say the large, leveraged player is Softbank. But Archegos was quite large and was also mimicking many of Softbank’s trades.

If I’m going to draw any larger conclusions here, I’m going to say that a big, dumb family office that was buying billions of dollars' worth of tech, telecom, and media stocks might have been that large, leveraged player.


Source: YCharts

Without going into detail, there was a similar large, leveraged player at Lehman Brothers in the mid 2000s, speculating in homebuilder stocks. This entity was buying massive amounts of call options on homebuilders and rolling them up.

All it took was a 10% drawdown, and that was the end of the line for the fund.

If you recall, the homebuilder stocks peaked way before anything else, and were already down quite a bit from the highs by the time the banks ran into trouble.

Nobody has really picked up on this yet—everyone is focused on the risk management at the PBs and the drama surrounding the block trades. The bigger picture is that this large, leveraged hedge fund could be the canary in the coal mine.

I didn’t own any of the affected stocks—then or now—and it’s unlikely that I would have. I don’t traffic in those sorts of names.

Typically when something goes kablooey on Wall Street, people turn to each other and ask, “Who’s next?” I can tell you that if the Softbank portfolio has to be unwound, it is going to be messy. And that is an understatement.

I have been working in the business since 1999, and yet I still continue to see new things all the time. If banks were willing to extend Archegos that kind of leverage, it is safe to assume they extended similar amounts of leverage to other clients. Their challenge now is to de-risk without causing any further accidents.

  Forum: Investment Discussion

nipper
Posted on: Apr 1 2021, 06:03 PM


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Bibendum and WINEDEPOT
The partnership between the two beverage suppliers means WINEDEPOT will stock a large part of Bibendum's portfolio.
Bibendum represents 160 local and international wine producers and craft spirits. It will invite its customers to join the WINEDEPOT platform, offering a $250 voucher as an incentive. The voucher will have minimum spend restrictions and will have to be used within a time frame.

The companies will also link their IT systems so WINEDEPOT customer accounts can be opened easily. The integration of IT will delay the partnership until late April. However, Digital Wine CEO Dean Taylor believes a faster uptake will offset any delay.

In return for its partnership with WINEDEPOT, Bibendum will have access to WINEDEPOT's logistics service, as well as a particularly large incentive: Should the partnership fulfil a number of achievements within 2 years, Bibendum will receive 20 million shares in Digital Wine.

These include Bibendum listing more than 280 products on WINEDEPOT and sending at least 4000 WINEDEPOT referral vouchers – of which at least 800 must be activated, thereby generating at least $800,000 in sales.

Digital Wine also announced a partnership between WINEDEPOT and Direct Couriers. The two companies will develop a dedicated WINEDEPOT delivery fleet for commercial customers. Deliveries will be dedicated to metro areas, allowing customers fast access to orders regardless of freight congestion

CEO Dean Taylor is excited about the potential the partnership with Bibendum has to fast-track WINEDEPOT's uptake.
QUOTE
Bibendum are without a doubt one of the most successful wholesale beverage businesses in Australia. You only need to look at the calibre of brands in their portfolio or speak with any major wine buyer to get a gauge on their position within the industry.

This partnership allows us to leverage Bibendum's unique product range, highly experienced sales force, long-term customer relationships and revered presence within the industry to drive rapid awareness of the benefits that our marketplace provides to trade buyers.


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nipper
Posted on: Apr 1 2021, 05:36 PM


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Ally Selby (Livewire Markets): Next up we have Megaport and Nick; it has a $1.8 billion market cap. Is it a buy, hold or sell?

QUOTE
Nick Guidera (Eley Griffiths Group): Look, I think its a hold. Right at this juncture, valuations are still stretched, given you are seeing a rotation out of tech into cyclicals. I think for that stock, you have seen solid growth in ports and services, but you’re yet to see an acceleration post COVID19, and I think that’s what the market’s waiting to see to buy this stock.


Ally Selby: James, its share price is down about 16 per cent since the beginning of the year. Should people be buying the dip? Is it a buy, hold or sell?

QUOTE
James Dougherty (Lennox Capital Partners): It is a buy. Adding to what Nick said, I think they are in for a period of accelerated growth over the next few years, they have gone through a period of consolidation and investment, they have invested in R&D, and you seen a new product in SD-WAN (software defined networking in a wide area network) that opens up a new market for them. They have hired a Head of Revenue globally, and they also have cash on the balance sheet for acquisition. So all of those three factors, I think, means you are going to see an acceleration in growth.


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nipper
Posted on: Apr 1 2021, 03:07 PM


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Medallion Metals Limited (MM8) raised $12.5 million at an IPO @ 25c a share; it listed on the ASX on 22 March 2021. It is a resources exploration and development company which owns two prospective West Australian projects with a major focus on precious and base metals.

The Company owns the Ravensthorpe Gold Project (RGP) and the Jerdacuttup Project (JP) (both prospective for precious and base metals) which are located in the Goldfields/ Esperance region of Western Australia, approximately 550 km southeast of Perth and 185 km west of Esperance, the nearest deepwater port. The Company acquired the Projects from Silver Lake Resources Limited (ASX:SLR) in 2016 for $5.5 million.

The two Projects consist of 47 mining tenements (four Prospecting Licences, one Prospecting Licence Application, 22 Exploration Licences, five Exploration Licence Applications, 12 Mining Leases and three Miscellaneous Leases) which are 100% owned by the Company other than three Exploration Licences to which the Company has 100% rights to all minerals other than lithium and tantalum and one Exploration Licence Application held as to 80%.

The tenement holding stretches over 653 km˛ , with annual expenditure commitments of approximately $0.9 million per year and rents and rates of approximately $0.15 million per year.

The historic Kundip mining centre, which is the focus of RGP, consists of numerous mineralised structures which have sustained varying levels of exploration and mining activity over their history.

Since acquiring the Projects, the Company has:
  • .. spent an additional $15.3 million on Mineral Resource definition drilling, regional exploration, testwork, studies, activities associated with environmental and statutory approvals and administrative expenses; and
  • .. reported JORC 2012 Mineral Resources estimates at RGP over three adjacent deposits within the Kundip area (Flag Harbour View and Kaolin) and progressed permitting and completed a feasibility study in May 2020 for a proposed gold mine at Kundip that indicated robust economics for open pit and underground mining and processing of mined ore on-site.
The Company's primary aim is to become a gold producer at the Ravensthorpe Gold Project in the near to medium term.
  Forum: By Share Code

nipper
Posted on: Apr 1 2021, 02:30 PM


Group: Member
Posts: 8,732

• Internationally renowned geologist Dr Minlu Fu joins Aldoro team as technical advisor for the Narndee Nickel-PGE Project.
• Advisory agreement executed with Hong Kong Ausino Investment Limited, an entity controlled by Dr Minlu Fu for the provision of equipment and services to Aldoro.
• Dr Minlu Fu and associates commit to $2 million placement in Aldoro along with Aldoro Directors. (@ 20c a share)
• Cash reserves bolstered to ~$4.2 million

and the predictive text may get them into trouble
QUOTE
PLACEMENT

Contemptuous to entering into the consulting agreement with Hong Kong Ausino Investment Limited and Dr Minlu Fu, Aldoro has agreed to conduct a placement of 10 million shares priced at $0.20 to Dr Fu and his associates which will raise $2 million
try contemporaneously ?
  Forum: By Share Code

nipper
Posted on: Apr 1 2021, 09:33 AM


Group: Member
Posts: 8,732

Codan Limited (ASX: CDA) has entered into an agreement to acquire 100% of the shares in US-based company, Zetron, Inc., from JVCKENWOOD Corporation. Established 40 years ago, Zetron is a leading US based company providing mission critical communications and interoperability solutions for public safety, transportation, utilities, healthcare and natural resources customers. Zetron operates from locations in the US, Australia and the UK, with more than 200 employees.


The acquisition comprises an upfront cash payment of USD45 million (approximately AUD59 million), which will be funded through a combination of existing cash and a recently approved banking facility of AUD100 million. The acquisition is on a cash free, debt free basis and is expected to complete by 30 April 2021, subject to obtaining change of control consents and other conditions precedent standard for transactions of this nature.


Zetron is expected to contribute approximately AUD67 million of sales and AUD8 million in EBITDA under Codan’s ownership in FY22 and therefore it will be earnings per share accretive.


.... and market liked it; CDA at $15.50, an alltime high
  Forum: By Share Code

nipper
Posted on: Apr 1 2021, 08:53 AM


Group: Member
Posts: 8,732

the old saying:


Money talks and BS walks
  Forum: Investment Discussion

nipper
Posted on: Mar 31 2021, 08:59 PM


Group: Member
Posts: 8,732

Valor Resources Limited (VAL) is an ASX listed mineral exploration and development company. Valor is engaged in metals exploration and project development, primarily the Berenguela copper silver deposit in the Puno Department of southern Peru.
QUOTE
First a bit of Background ... Was Voyager Resources (VOR)
..... by 2014, the Company has determined that no further non essential expenditure will be made in Mongolia and that a realization process for the Company's Mongolian assets will be pursued and that the Company's strategic direction and focus will be on its Brazilian Carajas Province copper assets... On 04 Dec, 2014, Voyager Resources Limited (VOR) changed its name and ASX code to The Carajas Copper Company Limited (CJC).... On 07 Feb, 2017, The Carajas Copper Company Limited (CJC) changed its name and ASX code to Valor Resources Limited (VAL).

Market Cap is all of $20 million, but that is an order of magnitude greater than a year ago. Nearly 3 Billion shares out there, and lots and lots of options and Rights ... 513M Performance Rights, 180M unlisted and 400M listed VALOB rights

VAL has doubled in price during the first few months of 2021. Volume has also increased dramatically during these 3 months.
The latest Investor Presentation shows 2 strings to its bow, aka a movable feast, considering other historic forays
1. Exploring the Picha Copper Silver Project in Peru
2. Investigating Uranium Opportunities in the Athabasca Basin Saskatchewan Canada

the coming Quarter looks exciting (drip drip sarcasm; what else with Covid restrictions !)
.. Continuing a desktop study on the Peruvian Copper-Silver Project
.. Complete reprocessing of the AEM survey at both Cluff Lake and Hook Lake (newly acquired from Pitchblende Energy Pty Ltd) projects in Athabasca, Canada, to better understand the geometry and extent of the EM targets
.. Undertake a review of all historical data at the Canadian projects
.. Finalise agreement with geological consultancy firm in Canada to undertake the planned programs for 2021
.. Complete the first phase of the 2021 programme in Canada
.. Complete permitting for Phase 2 summer ground work

  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 07:45 PM


Group: Member
Posts: 8,732

Australia's population has experienced its first quarterly decline since World War I. Home prices meanwhile, saw their biggest lift in over 17 years
  Forum: Off Topic Chat

nipper
Posted on: Mar 31 2021, 06:09 PM


Group: Member
Posts: 8,732

• Large +890 sq km 100% owned land holding in heart of WA goldfields covering major regional structures
• All tenure in close proximity to all necessary infrastructure and services
• +1.1Moz Au Mineral Resource remains open along strike and at depth (74% M&I)
• Five key deposit areas provide baseload and satellite feed:
1. Boorara: 507koz (16.45Mt @ 0.96g/t Au)
2. Binduli (Crake): 74koz (1.27Mt @ 1.8g/t Au)
3. Rose Hill: 93koz (0.8Mt @ 3.7g/t Au)
4. Teal: 289koz (4.25Mt @ 2.1g/t Au)
5. Kalpini 215koz (4.1Mt @ 1.7g/t Au)
• Significant brownfields and greenfields exploration targets with all tenure hosting open cut and underground growth potential
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 06:07 PM


Group: Member
Posts: 8,732

Horizon executed a binding royalty sale and purchase agreement with Vox Royalty Corp. (TSX: VOX) to divest its 100% interest in two royalties covering the Janet Ivy and Otto Bore gold projects in the Western Australian goldfields.
Since 2001 Horizon has held the Janet Ivy royalty which comprises a A$0.50 per tonne payment on ore mined and treated from the Janet Ivy tenements owned by Norton Goldfields Ltd. In 2018, the Company divested its interest in the Lehmans Gold joint venture to Saracen Mineral Holdings (now Northern Star Resources) for A$2.5 million in cash.

QUOTE
As part of the divestment, a 2.5% Net Smelter Royalty is payable once production reaches 42,000 ounces from the Otto Bore tenements and ends on production of 100,000 ounces. Under the Agreement, Vox will pay A$7 million in cash and shares on the following terms:
• A$4 million in cash upon completion; and
• A$3 million in cash or Vox shares at Vox’s election (priced on a 30-day VWAP basis) upon Vox receiving cumulative payments of A$750,000 from the transaction royalties.


Completion is expected in the June Quarter 2021
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 06:04 PM


Group: Member
Posts: 8,732

Horizon Minerals Limited (HRZ), engages in the exploration for and mining of gold and other mineral resources. The current focus of the company is on Boorara gold project. The Company also operates 100% owned gold projects in the Kalgoorlie and Coolgardie Regions and has earn-in joint ventures at the Nanadie Well copper-nickel project and the Richmond vanadium project located in Queensland.

Intermin Resources (IRC) and MacPhersons Resources (MRP) merged to create new gold exploration company


known as Horizon Minerals (HRZ) .....in Nov 2018

https://smallcaps.com.au/intermin-macpherso...ration-company/

  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 05:58 PM


Group: Member
Posts: 8,732

Intermin Resources (IRC) and MacPhersons Resources (MRP) merge to create new gold exploration company


known as Horizon Minerals (HRZ) .....in Nov 2018

https://smallcaps.com.au/intermin-macpherso...ration-company/
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 05:56 PM


Group: Member
Posts: 8,732

Intermin Resources (IRC) and MacPhersons Resources (MRP) merge to create new gold exploration company


known as Horizon Minerals (HRZ) .....in Nov 2018

https://smallcaps.com.au/intermin-macpherso...ration-company/
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 04:14 PM


Group: Member
Posts: 8,732

The SPP was strongly supported by existing eligible shareholders and was substantially oversubscribed. The Company received 1,873 applications totalling approximately $32 million at the issue price of $1.55, the same issue price as the successful $40 million institutional placement completed on 4 March 2021.

Given the response to the SPP and to accommodate the outstanding support of existing shareholders, 4DMedical's Board of Directors has exercised its discretion to increase the SPP offer to $6 million from the original $3 million targeted.

..x..x..x..x..x..x.x.x.x.x.x

And came across this in an announcement by Predictive Analytics and Artificial Intelligence company Houston We Have (ASX:HWH) , acquiring ECHO IQ, another specialist artificial intelligence company focused on using powerful diagnostic triage technology.
QUOTE
Leading imaging businesses such as GE have already signaled the importance of AI with the development of Edison which is designed to help health providers take advantage of data in new and significant ways. Their new AI powered XRay device is reducing the time needed to detect critical lung issues.

I never thought 4DX had a stranglehold, even with their patents and early start. Let's hope for rapid and positive results, now it has a Strong balance sheet position with cash balance exceeding $80 million.
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 03:02 PM


Group: Member
Posts: 8,732

Auroch (AOU) shareprice pulled back in Nov but by the end of 2020, the buying returned. From 15c it got to 30c and now shares are trading around 26c mark.

There was the note to acquire Nepean Nickel Project ( tenements located 25km south of Coolgardie), massive sulphides at The Horn, and recently DD at Leinster and sulphide hits at Nepean.
QUOTE
This nickel sulphide focused base metal resource company is building value through targeted high impact exploration in Western Australia.

AOU has three nickel projects in Western Australia and all sit in the Norseman /Wiluna Greenstone Belt, home to some of the best nickel projects globally including Leinster, Mt Keith, Kambalda and Widgiemooltha.

All of AOU's projects, including Leinster, Saints and Nepean are highly prospective for near surface, high grade nickel sulphide mineralisation.

.... The drill programme at Leinster consists of four diamond drill holes and will be followed by reverse circulation (RC) drilling to test strike potential and some of the more advanced regional targets across the Leinster tenure.
..x..x..x..x..x..

The Nepean Nickel Project contains the historic high-grade Nepean nickel sulphide mine and was the second producing nickel mine in Australia, producing just over 1.1 million tonnes of ore between 1970 and 1987. The ore was treated by Western Mining Corporation (WMC, now BHP Group Ltd) at its Kambalda processing facilities. The Nepean mine closed in 1987 due to low nickel prices, leaving significant nickel sulphide resources unmined.

The Nepean nickel mine has a remnant highgrade JORC (2004) compliant resource: 13,250t contained nickel @ 2.20% Ni. (It should be noted that the resource is JORC(2004) only (i.e. historic estimate) and not compliant with the JORC (2012) code required now.)

There is high potential at Nepean to build on the existing remnant resources with drill targets along strike and at depth. AOU has identified several high-priority areas at Nepean, and a 3,500 metre RC drill programme has already yielded some extremely promising results...

Nepean is just 70km from BHP's Kambalda Nickel Concentrator and Smelter and again the presence of nearby processing facilities operated by third parties is a substantial benefit for AOU as BHP looks for more nickel supply.
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 02:27 PM


Group: Member
Posts: 8,732

Australia’s newest gold producer ... first gold poured 7 February 2021

QUOTE
• Financially robust project ; 5.2 year mine life ; 81kozpa average annual gold production ; A$68.8M .. average annual free cash flow (at A$2,550/oz gold price)
• Fully funded and debt-free ... $32.6 million cash and no debt at 31 December 2020 ... $15.0 million facility terms agreed with CBA
• Operations underpinned by high grade Ore Reserve ... Mining Reserve of 6.1Mt @ 2.4 g/t for 460,000oz Au
• Pre-Production Construction & Mining Programs Completed ... Two operating mines on line (Riverina Open Pit & Golden Eagle underground) ; Process plant operational and 1.2Mtpa nameplate performance testing complete ; Continuing to build ore stocks
• Mineral Resource of 24.3Mt @ 2.8g/t for 2.2Moz Au .... Ongoing exploration program targeting upgrades to Resource classification
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 02:14 PM


Group: Member
Posts: 8,732

Ora Banda Mining Ltd (OBM) is involved in mineral development related to the Davyhurst Gold Project and mineral exploration and evaluation.


the history is a bit chequered, with recapitalisations along the waay
QUOTE
On June 25th, 2019, Eastern Goldfields Limited (EGS) changed its name and ASX code to Ora Banda Mining Limited (OBM).
On December 2nd, 2015, Swan Gold Mining Limited (SWA) changed its name and ASX code to Eastern Goldfields Limited (EGS).
And prior to that, Jul 2006 to March 2010, Monarch Gold Mining Company (MON); up to 2006, it was Monarch Resources...

As a gold exploration and development company with an existing gold resource base, OBM has stayed close to its roots: it has a fully refurbished gold processing plant and near term gold production assets in the gold mining region to the NW of Kalgoorlie in Western Australia.
QUOTE
We have a good solid resource base of over 2Moz, no debt, lots of cash and a big 1350sq.km exploration portfolio to drill, managing director David Quinlivan said recently
.... and it is expected there will be an announcement of the company moving into full production, soon.


Market cap $200M
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 02:02 PM


Group: Member
Posts: 8,732

QUOTE
Seems there might be a bit of life in this one yet?

Nup, by 2019, it was defunct

On June 25th, 2019, Eastern Goldfields Limited (EGS) changed its name and ASX code to Ora Banda Mining Limited (OBM).

Purging the old EGS shell, on or about this date the company consolidated its shares 1 for 15
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 01:59 PM


Group: Member
Posts: 8,732

On December 2nd, 2015, Swan Gold Mining Limited (SWA) changed its name and ASX code to Eastern Goldfields Limited (EGS).
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 12:26 PM


Group: Member
Posts: 8,732

with Renergen being dual listed, in Australia and Joburg, the differing rules might prove a challenge. The Company Secretary needs to be across nuances and interpretations of the Rules
QUOTE
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will differ by more than 20% from that of the previous corresponding period. Prior year loss per share and headline loss per share included once-off costs incurred on raising of debt funding with The United States International Development Finance Corporation (previously Overseas Private Investment Corporation) and equity funding at Initial Public Offering on the Australian Stock Exchange.



QUOTE
Accordingly the financial results for period ended 28 February 2021 indicates a significant reduction in the loss per share and headline loss per share. The decrease in the loss per share and headline loss per share are expected to be between 27.89 cents per shares and 37.47 cents per share equating to a decrease in the loss per shares and headline loss per share of between 21.8% and 41.8% compared to the loss per share and headline loss per share of 47.92 cents for the period ended 28 February 2020.
market has liked it ... up 5%

  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 11:57 AM


Group: Member
Posts: 8,732

ONE today announced the launch of CXP Cloud Enterprise, the world’s first and only cloud based care experience platform. Deployed on Microsoft Azure, this platform enables health systems to quickly adopt technology for engaging patients, reducing non-clinical demands on care teams and optimising clinical and operational effectiveness. This comes at a critical time to meet the demand for digital services driven by the pandemic.

QUOTE
The cloud based platform is a key pillar of our growth strategy, said James Fitter, Chief Executive Officer for Oneview. Being the first and only cloud-based care experience solution gives us a strong competitive advantage and means health systems can rapidly implement the capabilities that meet their needs today while providing the agility, scalability and investment protection to grow as their health system changes. We are excited to know that CXP Cloud Enterprise will help transform the hospital experience for patients, families and care teams.


QUOTE
The cloud enablement of Oneview's patient experience platform is a game changer. said Dr Simon Kos, Healthcare Industry Executive, Microsoft Australia. It means that health organisations can deploy more quickly, with greater predictability and less specialised resources, all on the trusted Azure cloud. This is a win for patients, clinicians and healthcare organisations that put patient experience and outcomes first.
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 11:42 AM


Group: Member
Posts: 8,732

interesting Question, J

QUOTE
... [Recent] risk-taking is exactly what the central banks and governments want to see. But the speed with which markets have flicked the switch from fear to greed is what's most fascinating.
... these activities include the rapid refocusing on new technologies, and pivot taking place with energy, capital flowing into (so called) sustainable funds, the rush of IPO activity as well as deal making and demergers....


But the fact the world is simultaneously fighting its way out of the pandemic and riding a rapid economic recovery means thrills and spills are more likely.
QUOTE
Technically we are early in a new business and investment cycle ... it might not feel like it, but we did have a bear market and a recession last year.

And yet many of the blowups we have seen in the first three months of the year (GameStop, Greensill Capital and in the last week the incredible demise of Archegos Capital) feel very much like the kind of incidents that occur late in a bull market.

There might be a good reason for that. As Bloomberg columnist John Authers argued this week, Wall Street might not be at the start of a new bull market but in the same one that started in 2009 after the GFC, if you see last year's market crash as a dramatic interruption, but a brief one.

If you take this view, we are very late in the cycle .... which is when dramas get crazier.
events on markets in the first three months of the year suggest three lessons.

First, cheap money will lead to elevated risk-taking, which will lead to blow-ups.
Greensill Capital is a perfect example of this. This was a model that only really worked when yields were so low that investors were prepared to go out the risk curve. But then Greensill layered risk on top of risk by building its business on an empire (Gupta's GFG Alliance) that had been created around assets that no one else wanted.

The second (connected) lesson is that leverage is never easy to see and can always cause shocks.

The big shock from the GameStop drama wasn't that crowds of retail investors can move suddenly in strange ways – this has happened before and will again. What was scary, albeit briefly, was that debt could magnify the losses of institutional investors in ways that are hard to predict.

Archegos Capital is a variation on this theme. The size of Hwang's positions were apparently almost impossible to see, but through the use of leverage and complicated instruments his dramatic fall has had an outsized impact on markets and, particularly Nomura and Credit Suisse, which was also hurt in the Greensill collapse and appears to have its own risk appetite issues.

The final and somewhat contradictory lesson from a quarter of high drama is that there's probably more to come.
  Forum: Investment Discussion

nipper
Posted on: Mar 31 2021, 11:07 AM


Group: Member
Posts: 8,732

the rationale for the Nexgen acquisition
QUOTE
The acquisition brings over five thousand new clients, and one hundred new sales people to Spirit to drive organic growth, complementary products, scale and will generate an additional $36.0M in revenue with 80% of this as recurring revenue

The synergies look to come from Nexgen success in their systems, of gaining AND retaining clients successfully, with cross selling an attraction, of
Nexgen now able to introduce a number of additional complementary products from Spirit including;

Microsoft Teams calling products, Sell Internet/ Data products from Spirit X Platform, IT services, including Microsoft suite and cloud storage solutions, and IT peripherals
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 10:47 AM


Group: Member
Posts: 8,732

Houston We Have to acquire 100% of ECHO IQ, a specialist artificial intelligence company focused on predicting Aortic Stenosis (AS) heart condition

  • .. Powerful diagnostic triage technology, in early testing ECHO IQ Artificial Intelligence (AI) was found to predict severe cases of AS missed by other diagnostics
  • .. Strategic acquisition delivers a complementary growth pillar that enhances Company's technology suite with immediate cross-selling opportunities identified
  • .. Global opportunity where more than 30 million echocardiograms are performed yearly
  • Exclusive access to the National ECHO database Australia (NEDA), the only database of its type worldwide
  • .. Acquisition terms are an upfront cash payment of $1 million, the issue of $1.5 million worth of Houston We Have shares at $0.05 cents per share and deferred milestone payments of up to $250,000 cash and 15,000,000 Houston We Have Shares (at a deemed issue price of $0.05 per Share) upon Echo IQ meeting US$5 million revenue hurdle within 3 years provided that revenue is derived from a contract with a leading artificial heart valve manufacturer; and $2,950,000 cash and 20,000,000 Houston We Have Shares (at a deemed issue price of $0.05 per Share) upon Echo IQ meeting a US$10 million revenue hurdle within 3 years
  • .. Firm commitments have been received for a $2.5 million equity placement at $0.05 cents per share to fund acquisition and deliver added financial flexibility to pursue growth.

The acquisition did wonders for the shareprice... up 60%. I guess it is within the skills set of HWH, that of being in the prescriptive analytics sector of the Australian software industry. HWH owns a patented algorithmic process and software tool marketed under name, 'Veriluma', to deliver Predictive Intelligence capabilities to complex scenarios and decision-making processes.

Acquisition Rationale
  • .. ECHO IQ is a strong strategic fit for Houston We Have that offers an important growth pillar in the health sciences sector. The key rationale for considering the acquisition include:
  • .. Highly complementary business: ECHO IQ utilises artificial intelligence and data science to deliver tangible outcomes for users of the technology. This is highly consistent with the ethos and core competencies of Houston We Have, and extends the company's reach within the already-engaged health sector.
  • .. Synergies between Houston We Have and ECHO IQ technologies: In addition to the benefits identified, we expect the application of Intelfuze (the company's augmented intelligence software) to enhance the accuracy and utility of ECHO IQ.
  • .. Established model plus NEDA database access: This acquisition not only provides access to a working technology, but also gives 17 years' exclusive access to the NEDA database, considered the best and largest of its type worldwide with 1.2 million records.
  • .. Significant growth opportunity: With valve replacement surgery offering a 94 percent 5-year survival rate, there is significant interest in the early and accurate detection of aortic stenosis. The international application for this technology represents a significant medium term commercial opportunity, most notably once additional regulatory approvals are secured.
  • Platform for additional innovation: Diagnostics in health sciences represents a massive growth opportunity for Houston We Have. Leadership in the echo-cardio space can be leveraged in the application of AI and advanced technologies to wider diagnostic solutions. Industry use of AI in this space is already firmly underway.
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 09:30 AM


Group: Member
Posts: 8,732

AEROMETREX Limited (AMX) listed on the ASX in December 2019, raising $25 million at $1.00 a share. Aerometrex's core business is in the area of aerial photography, photogrammetry and mapping services. It is a professional aerial mapping business, specialising in aerial photography, photogrammetry, LiDAR, 3D modelling and aerial imagery subscription services. The Aerometrex business was established in 1980 and the company is headquartered in South Australia.


Aerial photography and mapping : The key products from this activity are aerial photographs, orthophotography (scale-corrected 2D aerial imagery maps), Digital Terrain Models (DTMs), Digital Surface Models (DSMs), and digitised 3D feature data for Geographic Information Systems. Aerial LiDAR surveys : Aerometrex provides an aerial LiDAR surveying service, an advanced aerial surveying technique which accurately maps the ground surface using airborne lasers.

3D modelling : Aerometrex has developed a sophisticated 3D modelling and mapping system derived from oblique aerial photographs. It offers 3D models of the highest resolution (1cm-2cm pixel) and absolute accuracy (5cm in the XY & Z dimensions) derived from aerial platforms.

MetroMap™ : Aerometrex provides an online aerial imagery web-serving application, MetroMap™, which offers Aerometrex's high-quality, accurate imagery to a subscriber base. MetroMap™ fulfills all of the quality and accuracy requirements of sophisticated geospatial data users and provides an easy-to-consume product for the corporate market, via a web browser interface. It will serve as a vehicle to sell all of Aerometrex's extensive product range in the near future.


.... After opening strongly, trading in AMX shares saw a decline during Covid times slumping from $2+ to under a dollar. ... now 97c

QUOTE
Given the immense impact of the NSW floods, Aerometrex has utilised these new capabilities to immediately support the NSW Flood Emergency response activities through advanced analytics of the areas flooded in NSW. In particular, these services have described the flood extents to Aerometrex's industry and government partners in order to assist them in helping affected NSW communities recover in the coming weeks and months.


The system utilised synthetic aperture radar satellite imagery of the flooded areas sourced from COPERNICUS Emergency Management Service, headquartered in Europe, the MetroMap platform and aerial imagery base, and the Geoscape building footprint and cadastral dataset also available on MetroMap as primary data sources.
These datasets were combined and analysed within MetroMap to produce a list of property addresses and specific buildings potentially affected by the flooding. This information is vital to many organisations directly involved in managing and helping communities recover from this event, including:

• Emergency services
• Local Government
• Builders
• Fencing companies
• Construction and engineering companies
• Insurance companies.
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 09:16 AM


Group: Member
Posts: 8,732

Ampella Mining (AMX) was delisted at the request of the Company, following the compulsory acquisition by Centamin West Africa Holdings Limited on 11/04/2014

Centamin was successful with an offer of 1 Centamin share for every 5 Ampella Mining shares
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 08:55 AM


Group: Member
Posts: 8,732

On March 29th, 2021, RXP Services Limited (RXP) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between RXP and its shareholders in connection with the acquisition of all the issued capital in RXP by Capgemini Australia Pty Ltd, a wholly-owned subsidiary of Capgemini SE.
  Forum: By Share Code

nipper
Posted on: Mar 31 2021, 08:52 AM


Group: Member
Posts: 8,732

and another wink.gif makeover wink.gif


VW's leaked brand-name change to 'Voltswagen' a marketing stunt
QUOTE
Volkswagen supposedly accidentally posted the press release on its move as it tries to distance itself from an emissions cheating scandal
I would not trust them. All the jingoistic screaming and shouting from VW calling Australia an EV black hole is mere marketing and spin on their behalf, to try and make commercial advantage over their rivals.
  Forum: Investment Discussion

nipper
Posted on: Mar 30 2021, 08:25 PM


Group: Member
Posts: 8,732

well, that does beggar the question; what were you doing holding them before?

(DNH)
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 02:54 PM


Group: Member
Posts: 8,732

also some other players in WA

OM Holdings Limited (OMH) is an integrated manganese and silicon company. It is engaged in the business of mining and trading raw ores, as well as the smelting and marketing of processed ferroalloys. OMH operates commercial mining operations in Australia.

OMH entered into binding offtake agreement with Element 25 (E25)
As well, in November 2020, Bryah Resources (BYH) received $5.0 million conditional cash offer from OMH for its interest in the Bryah Basin Manganese Joint Venture • Bryah to retain its 70% Manganese JV interest as outstanding conditions have not been satisfied and offer has been withdrawn
• OM (Manganese) Limited (wholly owned subsidiary of ASX:OMH) will fully funding project expenditure to increase its Joint Venture interest
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 02:44 PM


Group: Member
Posts: 8,732

Bryah Resources Limited (BYH) is a Perth based mineral exploration company; focused on copper-gold-manganese with 2 projects located in central Western Australia, being the 1,185km2 Bryah Basin Project and the 170km2 Gabanintha Project.


The Bryah Basin is host to the high-grade copper-gold mines at DeGrussa, discovered by Sandfire Resources Limited in 2009, and at Horseshoe Lights, which was mined until 1994. The Bryah Basin also has several historical and current manganese mines including the Company's recently acquired Horseshoe South mine. The Company has secured a joint venture agreement with OM (Manganese) Limited in respect to its manganese rights only in respect to approximately 660 km2 of its Bryah Basin tenement holding.

Bryah Retains 70% Share in Manganese JV Highlights:
• In November 2020 Bryah received $5.0 million conditional cash offer for its interest in the Bryah Basin Manganese Joint Venture
• Bryah to retain its 70% Manganese JV interest as outstanding conditions have not been satisfied and offer has been withdrawn
• OM (Manganese) Limited (wholly owned subsidiary of ASX: OMH) fully funding project expenditure to increase its Joint Venture interest
• Outlook for Manganese remains very positive in the growing steelmaking and energy storage sectors
• Global Manganese Ore demand forecast to grow at 3.5% CAGR to 2025
• Results pending from recent diamond core drilling program

Their other interest, the Gabanintha Project, has just announced good gold intercepts
Bryah delivers Bonanza Gold Grades at Gabanintha
..182 g/t Au interval highlights potential for significant gold mineralisation ... shallow mineralisation and good grades
• 247 samples assayed from 17 holes previously drilled at the Australian Vanadium Project at Gabanintha. Best gold intercepts:
.....19RRC006 > 10m @ 27.5 g/t Au from 53m, including 4m @ 64.3 g/t Au from 54m, which includes 1m (55-56m) @ 182.0 g/t Au, and 1m @ 6.4 g/t Au from 65m.
• High-grade gold occurs in a cross-cutting fault zone within the vanadium-titanium magnetite (VTM) deposit, which holds potential for significant gold mineralisation.
• Major cross faults over 11 km VTM deposit now represent untested gold targets.
• Bryah to advance assessment of growing gold potential at Gabanintha by:
... Immediate submission of further archived drill samples pulps for gold analysis, and
... Follow-up planning for RC drilling program.
• Bryah Resources Limited holds a suite of mineral rights over the Gabanintha Project including nickel, copper and gold. Australian Vanadium Limited (AVL) holds the mineral rights to vanadium, titanium, iron ore and cobalt and is a 7.33% shareholder of Bryah.
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 02:37 PM


Group: Member
Posts: 8,732

OM Holdings Limited (OMH) is an integrated manganese and silicon company. It is engaged in the business of mining and trading raw ores, as well as the smelting and marketing of processed ferroalloys. OMH operates commercial mining operations in Australia, China and Singapore.

...........
QUOTE
...Vertically integrated manganese ore and ferroalloy company,involved in mining,smelting,and trading... Powered by sustainable hydro-power, pursuing growth and natural diversification into new commodities like silicon metal
... 23 years on the ASX, OMH offers unique exposure to the niche manganese and silicon ferroalloy space (estimated US$27.5bn market in 2019), essential to steel and the modern world
... Lowest cost quartile smelter complex in Sarawak, the largest of its kind in Asia (ex-China)
... Operations in Australia, China, Japan, Malaysia, Singapore,and South Africa

$500M market cap, looking at dual listing in Malaysia


WA exploration and Mining
• Explore prospective manganese opportunities in central Western Australia
• Expand OMH's manganese exposure to extract value across the entire manganese value chain
• Entered into binding offtake agreement with Element 25 (E25)
• In November 2020 Bryah (BYH) received $5.0 million conditional cash offer for its interest in the Bryah Basin Manganese Joint Venture
• Bryah to retain its 70% Manganese JV interest as outstanding conditions have not been satisfied and offer has been withdrawn
• OM (Manganese) Limited (wholly owned subsidiary of ASX:OMH) fully funding project expenditure to increase its Joint Venture interest
• Outlook for Manganese remains very positive in the growing steelmaking and energy storage sectors
• Global Manganese Ore demand forecast to grow at 3.5% CAGR to 2025



Smelting (Sarawak)
• As at December 2020, 12 out of 16 furnaces in operation at the Sarawak smelter plant, extended FeSi furnace maintenance
• Higher unit fixed costs were incurred for FeSi as a result of lower production in 2nd half of 2020
• COVID-19 demand and price impact largely occurred inQ3
• FY2021: Sarawak FeSi production increase dependent on re-entry of skilled workforce. Sarawak Mn alloy furnaces are due for major maintenance.
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 12:32 PM


Group: Member
Posts: 8,732

just noticed this company ..... with a current market cap of $10M, there must have been quite a bit of capital dissipation happening.
Gets a mention in Stockhead survey, because it is up 1000% for the year (so it must have been really bouncing along the bottom) !!!
QUOTE
Reedy Lagoon Corporation Limited (RLC) is a mineral exploration company with projects in United States of America. Projects include Burracoppin Gold Project, Buracoppin Iron Project and Nevada lithium brine projects which are Alkali Lake North and Clayton Valley.

  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 11:42 AM


Group: Member
Posts: 8,732

listed today .... so far, in the positive side, trading 24c to 25c
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 11:37 AM


Group: Member
Posts: 8,732

Peregrine Gold Limited (PGD) has raised $2.5M via an IPO at 20c a share, and is looking to list on the ASX 31 March, (a few days late).

The company has entered into a share purchase agreement whereby it will acquire 100% of unlisted Pilbara Gold Exploration Pty Ltd which has a contractual right to acquire a suite of tenements comprising the Pilbara Gold Project. Completion of Peregrine's acquisition of PGE and PGE's acquisition of the Tenements will occur on the same day so that Peregrine will own 100% of the shares in PGE which will in turn hold the Pilbara Gold Project.

The Pilbara Gold Project comprises seven tenements of which three are granted (E52/3783, E52/3785 and E52/3786) and four applications pending grant (E52/3826, E52/3828, E52/3841 and E52/3850).

The Pilbara Gold Project is an early stage exploration project that is located in the Pilbara region of Western Australia which is considered prospective for gold. The Pilbara Gold Project currently has no reported Mineral Resources or Exploration Targets.
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 11:28 AM


Group: Member
Posts: 8,732

going for a bit of a run, last two days 7.9c to 10.5c. (1.8c in Nov before its first leg up and second spurt in Jan, from 5.5c). Not huge but on no news
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 11:18 AM


Group: Member
Posts: 8,732

AGL Energy will split itself in two to create separate retailing and power generation businesses as it grapples with the rapidly evolving electricity market and low wholesale prices.

The proposed division of the company, demanded by the rapidly evolving electricity market, involves New AGL, which will comprise the retailing interests, and PrimeCo, which will be the country's largest electricity generator, dominated by coal power.

The nature and timing of the "structural separation", news of which drove AGL shares up 3 per cent in morning trading, will be determined by the end of June. The announcement came as AGL suffered a major setback in its plans for a $250 million LNG import project, with the Crib Point project being blocked by the Victorian state government.

QUOTE
The accelerating market forces of customer, community and technology are driving the imperative to create this new path and separate AGL into two distinct organisations, said chief executive Brett Redman. The proposed structural separation would give each business the freedom, focus and clarity to execute their own respective strategies and growth agendas, while playing an equally important, but different, role in Australia's energy transition, he said


New AGL would be the country's largest multi product energy retailer in terms of the number of services provided to customers. It would have an energy trading capability and a 2.1 gigawatt portfolio of flexible generation and storage, including renewables, gas power and batteries, to manage increasing swings in daily energy demand. New AGL would be carbon neutral for direct emissions from day one and ... with a clear path to carbon neutrality, Redman said.

PrimeCo would hold the large coal power plants, including Loy Yang A in Victoria and Bayswater in NSW, as well as the Liddell coal plant in the Hunter Valley that is due to close its first unit next year. It would be the largest emitter of greenhouse gases in the country based on AGL's current emissions and the largest supplier into the National Electricity Market (NEM).


.... but not from a position of strength. Legacy investments, long term stuff that were good ideas a few years ago, will impair the balance sheet for years to come.
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 10:36 AM


Group: Member
Posts: 8,732

earlybirds asked for some help, or direction, to look into Battery and EV stocks

A recent Stockhead article covers the metals side quite well, if only in listing many of the players on ASX
https://stockhead.com.au/resources/battery-...-your-kid-rich/

QUOTE
By 2030, UBS predicts we will need a lot of manganese, lithium, cobalt, rare earths, nickel and copper if car makers are to hit some very ambitious production targets.

They estimate EV penetration increasing from 4 per cent currently to 20 per cent of the market by 2025, and 50 per cent by 2030. That's 3 million per year to 46 million per year.

Meanwhile, average battery size will increase from 47kWh to 94kWh.

By 2030, they also predict that:


.. Lithium demand will lift ~1100% from ~400,000 to 4.4 million tonnes

.. Natural graphite demand grows by 700%

.. Demand for nickel grows from ~2.6mtpa to 5.8mtpa

.. Rare earths neodymium (Nd) and praseodymium (Pr) face "a step change" in demand from ~30ktpa towards ~100ktpa

.. Cobalt demand to expand over the next decade from around 120ktpa to over 400ktpa

.. And by 2030, copper consumption in EVs — which averages 90kg vs 20kg in ICE vehicles — will represent 4.4mt of copper demand or around 13% of the total
  Forum: Investment Discussion

nipper
Posted on: Mar 30 2021, 10:18 AM


Group: Member
Posts: 8,732

this Archegos Capital blowup .... what can we say? Seems inevitable such things occur. (they can't help themselves)
QUOTE
....the early signs are that it will probably prove the biggest since the LTCM collapse in 1998.The saga erupted into the open last Friday, when Goldman Sachs and Morgan Stanley broke cover and started dumping multibillion dollar positions in US and Chinese stocks. They did it on behalf of an unnamed investment fund that had failed a margin call ... essentially a demand to put up more collateral against its trades. By Monday, Credit Suisse and Nomura were admitting that they would probably lose billions of dollars in the fallout.

At this early stage, there are still far more questions than answers. Here are some of the more pressing ones.

First and foremost: What on earth were some of the world's biggest investment banks thinking when they enabled an opaque family office whose founder had a history of regulatory issues to rack up multibillion dollars worth of leverage? [Bill] Hwang paid $US44 million ($57.6 million) in fines to settle US illegal trading charges in 2012, and in 2014 he was banned from trading in Hong Kong.

Archegos' status as a family office means that it was exempt from a lot of the standard regulatory disclosures demanded of hedge funds. But banks' prime brokerage desks, which service hedge funds with research, trade structuring and leverage, appear to have failed basic know your customer processes.

Each bank may have felt comfortable with their exposure to Archegos, assuming they could always ditch its positions to cover themselves. But they failed to appreciate that if everyone has to dump tens of billions of dollars worth of equities, the collateral they may have embedded in their contracts is going to be wholly inadequate.
.......

What is Archegos Capital exactly? The size and leverage of its positions would be extreme even for one of the more aggressive members of the hedge fund industry, let alone a family office. In truth, it seems more like a Reddit day trader got access to a Goldman Sachs credit card and went bananas.

Prime brokers have estimated that it managed about $US10 billion of capital before this debacle erupted, which is a lot for the family office which was hardly a hedge fund titan. ....the SEC has let family offices decide for themselves whether they should be registered and file regular reports. A search for Archegos on the SEC’s “Edgar” reporting system yields pretty much nothing (!). Its use of financial derivatives known as swaps to build positions might have allowed it to circumvent reporting requirements on big stakes.
.......

Finally, but most importantly: Can the Archegos blowup trigger a wider financial conflagration, as LTCM did two decades ago?

Luckily, the answer is probably no ... with some caveats. LTCM was far bigger, more woven into the fabric of several systemically important markets. The Archegos losses will be humiliating to many banks, and in some cases ruin their financial year, but they are much better capitalised since 2008.

That said, there is a danger that a debacle of this magnitude encourages the entire investment banking industry to scale back how much leverage they offer their hedge fund clients.

If so, then the forced liquidation of an isolated, gung-ho investment group could become a snowball that triggers a broader hedge fund deleveraging. For now, markets are taking the debacle in their stride, but that could still change.
FT
  Forum: Macro Factors

nipper
Posted on: Mar 30 2021, 09:28 AM


Group: Member
Posts: 8,732

Calix has picked up a BOOT (or Build demonstrate and go home) agreement wih AdBri (ABC) for the development of a lime project for lime production, with CO2 capture and multi-fuel options (gas, hydrogen, renewables).

The production of lime currently emits roughly 1 tonne of CO2 per 1 tonne of lime produced. Lime is used extensively in producing steel, aluminium, rare earths, gold and many other minerals and is thus a significant contributor to those important industries’ carbon footprints.

QUOTE
Calix CEO and MD Phil Hodgson said, We have seen a significant increase in inbound enquiries in Calix technology driven by the rapidly increasing interest in Environment, Social and Governance, from countries, companies and investors. This important project is a world-first in ambition to produce zero-emissions lime, one of the most important industrial products globally, and it is great to be developing this in partnership with Adbri, in an Australian project, with Australian technology
  Forum: By Share Code

nipper
Posted on: Mar 30 2021, 09:26 AM


Group: Member
Posts: 8,732

With the AU$ dropping, gold has tricked me into thinking its doing OK. Am still looking to go back in to PMGOLD but glad I waited

And that Suez blockage, most oil passes around the Cape in VLOC vessels; I think general cargo = container ships do the canal transit. The Ever Given was huge, right on the limit for size. Good to see the canal reopen .... would have been disruptive if it went on longer
  Forum: Macro Factors

nipper
Posted on: Mar 29 2021, 09:03 PM


Group: Member
Posts: 8,732

Golden Mile Resources Ltd (G88) is an Australian based exploration and development company, with a suite of gold and nickel-cobalt projects in Western Australia.


When G88 listed in 2017 at 20c, its initial focus was on the exploration of the Quicksilver Nickel Cobalt Project in the SW Mineral Field and the Braemore Gold Project at Leonora. Great runup, past a dollar, to $1.27 that Nov then languished as early drilling on identified anomalies produced little; drifting as low as 2c in 2020.

A small Cap raising and new area of interest
QUOTE
... the Yarrambee Project, covering the Narndee Igneous Complex (NIC) in the Murchison Region of Western Australia. The Yarrambee Project comprises tenure of ~816 km˛ making Golden Mile the largest landholder over the NIC, which is considered highly prospective for Ni-Cu-PGE mineralisation.

Consideration for the acquisition will be:
  • ..The payment of cash consideration of $60,000
  • ..Issuing of 1,000,000 Golden Mile shares to the vendors
  • ..Issuing of 1,000,000 10c Options to the vendors, with an exercise price of $0.10 expiring two years from the date of issue
  • ..Granting the vendors a 1.0% Net Smelter Royalty over the project.
G88 will raise $800,000 before costs via the issue of 16,000,000 shares and 8,000,000 free attaching options. The shares will be issued at 5c and the attaching options
and that was 12 March 2021

Reports of significant gold intersections close to the surface (aircore drill) at the Whangi Prospect in the Benalla Project.... up 120% today, to 12c
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 08:23 PM


Group: Member
Posts: 8,732

and in a trading halt

QUOTE
Spirit Technology Solutions is readying a $24 million capital raise to buy telecommunications equipment outfit Nexgen.Nexgen includes two businesses, one called Nexgen and the other name Business Telecom, and sells a range of data, security and voice products, like phone systems and conferencing units.

The company was forecast to generate between $7.2 million and $7.6 million earnings before interest, tax, depreciation and amortisation in fiscal 2021, and the purchase price implied a 6.5 times earnings multiple.

It is understood the purchase would double Spirit’s customer base to more than 10,500 small and medium enterprises.

Spirit would fund the deals using a mix of 70 per cent cash, from the capital raising and debt facility from CBA, and 30 per cent scrip, which would come with a vendor performance earn out.


.

  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 08:21 PM


Group: Member
Posts: 8,732

REA Group Ltd (ASX: REA) today announced that it has entered into a Scheme Implementation Agreement with Mortgage Choice Limited (ASX: MOC) to acquire 100 per cent of the outstanding shares in Mortgage Choice for $1.95 cash per share by way of a scheme of arrangement. The Offer represents an enterprise value of approximately $244 million.

and that put a 60% rocket up the MOC share price
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 07:18 PM


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Posts: 8,732

by about 2018, there was a placement to domestic and international institutional and sophisticated investors raising A$10 million at A$0.17 per share. Xanadu became fully funded to deliver on its dual strategy of successful exploration to convert targets to discoveries and focus on economic assessment of the Kharmagtai Open Pit project at its flagship Kharmagtai copper gold project.

But it has been a few rough years, and trading in shares saw the SP languish sub 5c since Jun 2019. Raised a mill $$ in June 2020 to keep drilling.
. This Feb/ March saw a lift in interest and a 20% leap the day before a strong well received Announcement was made. Now close to 8c a share

QUOTE
• Drill hole KHDDH563 intersects a broad zone of highgrade gold rich chalcopyrite and bornite mineralisation south of the Stockwork Hill resource, expanding the high grade bornite zone beyond the defined resources
• KHDDH563 intersects 181.4m @ 0.68% Cu and 1.78g/t Au (1.59% eCu) from 648.6m
Including 92m @ 1.06% Cu and 3.23g/t Au (2.71% eCu) from 686m
• KHDDH563 expands high-grade mineralisation 70m south and up dip of previously reported intercept in KHDDH559B
• KHDDH564 identifies new target to the south with similar structural characteristics to the high grade zones at Stockwork Hill
• Deeper step back hole KHDDH564, still in progress, intercepting visual chalcopyrite mineralisation in target zone 400m along down-dip and along strike from KHDDH563





  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 06:51 PM


Group: Member
Posts: 8,732

nearly 50% scaleback.(on my mid level participation, at least)
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 03:39 PM


Group: Member
Posts: 8,732

there are a few of us out there.

It is handy, kind of interesting to read the past posts.... (do I miss blacksheep ?) yeah/ nah. My first post was 14 Sept 2017 and by July 2018, in all my wisdom, I wrote
QUOTE
... yeah, that's a problem with digital disruptors ; bust through OR bust ...(which miffs me as I identified APT as an interesting story early on, but lacked confidence to enter prior to a track record emerging )
and it was sub $10 even then.

I wonder if John Hempton really was shorting it at $12? Someone was.


And I always thought the Visa n MasterCard response would crush them!! Evidently not. smile.gif
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 03:22 PM


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The CEO resigned in December, days after the company withdrew profit guidance and two months after it raised $46 million in new capital at $2.27 a share to fund the acquisition of complementary medicine maker Global Therapeutics from Blackmores.

and now, an opportunistic bid to gain control.
QUOTE
McPherson's shares have risen almost 20 per cent since last Thursday, when Kin Group subsidiary Gallin launched a surprise on-market takeover offer after building a 4.9 per cent stake over the last two months.

McPherson's shares reached $1.46 on Friday before retreating to $1.42 today, exceeding Gallin's $1.34 a share offer, which was pitched at a 9.8 per cent premium to the market price and was less than half the stock's value in October 2020.

McPherson's denounced the offer as utterly opportunistic and said the bid profoundly undervalued the company, which owns beauty brands including Dr LeWinn's, Manicare, A'kin and Lady Jayne, and kitchenware brand Multix.

McPherson's institutional shareholders seem to agree, raising the likelihood Kin Group will have to raise its offer price to secure seats on the board and launch a strategic review
Gallin is part of Ralph Geminder empire. Kin Group turned around The Reject Shop ... but you would have to think there is a higher bid coming. (Evidently BWX had a look at MCP as well, when the shares were wallowing after the December fall)
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 12:40 PM


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Posts: 8,732

Mad Paws Holdings Ltd (MPA) raised $12 million via a prospectus, issuing new shares at 20c each.

It is an Australia-based pet services business largely cofounded in 2014 by Justus Hammer (Group CEO), Alexis Soulopoulos (CEO New business) and Jan Pacas (Chair), with a vision to make pet ownership easier and the aspiration to create Australia's #1 pet services marketplace.
Mad Paws' primary business activity is the operation of a pet care services online marketplace. The Mad Paws marketplace matches and connects pet owners seeking pet care services, such as pet sitting, walking, day care and grooming, with pet sitters, walkers and other pet service providers registered on the marketplace.

Mad Paws initially launched its pet care services marketplace in 2015, offering holiday pet sitting services to pet owners, with the offerings on the marketplace having since expanded to include additional high frequency pet care services such as pet walking, day care, grooming and house visits to complement the traditional holiday pet sitting services.

At 30 June 2020, Mad Paws had a database of over 19,000 pet service providers (pet sitters, walkers and groomers) registered on the marketplace across Australia and over 450,000 user sign ups (pet owners), with more than 180,000 services having been booked through the marketplace since initial launch.

In addition to the online marketplace, Mad Paws commenced a new pet food business category in August 2020, with the launch of the Mad Paws Dinner Bowl pet food subscription product. Mad Paws Dinner Bowl is a healthy fresh pet food subscription service providing pet owners with pre prepared, individually packed meals for their pets.

Mad Paws has also entered into arrangements with Pacific Insurance and AI Insurance to provide Mad Paws branded pet insurance products, with marketing and sales activities expected to commence in the first half of 2021.


---x-x-x-x-x-x-x-x----
will it work? Sounds complicated, and what value will be delivered to pet owners? Probably the clip on the insurance may be a money maker. Big dollars in domestic animals, though. Pet Barn, Pet-O and multiple others, plus an aisle in every supermarket. (Mind you, pets.com was launched at the exact highest point of the 2000 Dotcom bubble !!
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 12:31 PM


Group: Member
Posts: 8,732

well, this one bit the dust a while ago
QUOTE
Marine Produce Australia (MPA) was delisted following approval by shareholders at the company's Annual General Meeting held on 22 November 2010
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 12:24 PM


Group: Member
Posts: 8,732

Kincora Copper Ltd (KCC) has corporate offices in Vancouver and Melbourne and is listed on the TSX Venture Exchange under the ticker symbol KCC and is seeking a listing on the ASX. This will happen tomorrow with an additional $10 million being raised at 20c a share.

-x-x-x-x-x-x-x-x-x-x-x-x-x-

Kincora Copper is an active explorer and project generator focused on the discovery of world-class copper gold porphyry associated deposits with the near term ambition to become the leading listed pure play explorer in what the Company believes is one of the most significant gold rich porphyry regions in the world, the Lachlan Fold Belt of Australia.

Over the last year Kincora has assembled a strategic and district scale position and project pipeline of early stage to advance walk up drill target projects in areas of the Macquarie Arc with significant exploration potential, within the LFB, in Central West New South Wales.

High priority drilling commenced in April 2020 and continues at the Company's flagship Trundle project within the LFB, with very promising copper and gold results after making an initial near surface discovery, with the first hole returning 51 metres at 1.17 g/t gold and 0.54% copper commencing from only 39 metres depth.

The Trundle project is situated in the same minerals complex as Northparkes, Australia's second largest porphyry mine, and is the only brownfield porphyry project held by a listed junior in the LFB.

Kincora's exploration model applies a robust systematic approach utilising modern exploration techniques supporting high-impact, value add programs underpinned by targets with strong indications for world class scale potential.
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 12:16 PM


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Posts: 8,732

Penfolds will become a separate stand alone division under a new operating model where the company is scrapping most of its geographic divisions from July 1, and moving to one based on brands.
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 12:14 PM


Group: Member
Posts: 8,732

QUOTE
TWE has reiterated that it will take between two to three years for plans to divert a large chunk of wine exports which had been going to China to gain full traction. It said on Monday the final tariff applied by the Chinese government to its wine exports to China in bottles and containers holding less than two litres had been set at 175.6 per cent for at least the next five years. This was consistent with the provisional measures imposed by the Chinese government late last year. The final amount, comprising a combined anti-dumping and countervailing duty rate, will apply to all exports to China from March 28 this year.

Treasury Wine had been selling about $500 million of wine annually to China and had the most to lose of the 800 Australian producers that were exporting about $1.3 billion of wine a year to China until November, when Beijing imposed provisional tariffs of up to 212 per cent on some companies.

Treasury Wine said on Monday that as it had outlined in February at its half-year results, detailed plans were already under way to divert most of the high-end wine previously destined for China to other markets, including Thailand, South Korea, Vietnam and Japan, along with Australia and the United States.
SP hardly moved....
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 12:05 PM


Group: Member
Posts: 8,732

Anteris DurAVR™ aortic replacement valve addresses the acute need in terms of superior hemodynamic profile as well as chronic needs in its ability to sustain that profile longer over the lifetime of the patient.


The proven benefits of its ADAPT® tissue technology, paired with DurAVR™’s unique 3D single piece aortic valve design , has the potential to deliver a functional cure to aortic stenosis patients and provide a much-needed solution to the challenges facing heart surgeons today.

... still only trialling on rats
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 11:07 AM


Group: Member
Posts: 8,732

and a 15 minute webinar from the CEO, ... it is the 4th presentation on this link, after about 1 hour.

https://www.sharecafe.com.au/2021/03/29/hid...ag-lbt-plt-nvu/

Still only a $10 million market cap
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 10:44 AM


Group: Member
Posts: 8,732

well timed .... (I hope) smile.gif . I was looking at it this morning, & I hope the selldown to 47c was clearing the books by a holder before End of Quarter. And that is done by now.
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 09:01 AM


Group: Member
Posts: 8,732

Scoping Study completed ... Market cap $250M

Base Case
➢ Production of nickel concentrate via a conventional 2.7Mtpa nickel flotation circuit
➢ Base Case nickel price assumption of US$7.50/lb (US$16,530/tonne)

Strong Financial Returns
➢ Post‐tax NPV8 of ~US$453 million (~A$604 million)
➢ Post-tax IRR of ~54%
➢ Post-tax capital payback of ~1.9 years from first nickel concentrate production
➢ Net Revenue totalling ~US$2.42 billion (~A$3.23 billion)
➢ EBITDA totalling ~US$1.23 billion (~A$1.64 billion)
➢ Average Annual Free Operating Cash Flow (Pre-tax) of ~US$109 million (~A$145 million)

Physical Parameters
➢ Production Target of 32.8Mt @ 0.84% Ni for 275,600t of contained nickel
➢ Production Target comprises 61% Indicated Mineral Resources and 39% Inferred Mineral Resources
➢ Initial 10-year Mill Feed2 of 24.0Mt @ 1.08% Ni for 260,300t of contained nickel
➢ LOM recovered nickel of 203,300t (~20ktpa annual average nickel in concentrate grading 15.8% Ni)
➢ First production is targeted for the end of 2024, based on current environmental approvals timeline
➢ Ideally positioned to meet forecast growth in demand for Class 1 nickel from the EV battery market

Operating Costs & Capital Costs
➢ Low LOM C1 cash costs of operations of ~US$2.41/lb
➢ LOM AISC of ~US$2.97/lb
➢ Pre-production CAPEX (including contingency) of ~US$178 million

Uniquely Positioned to be a Long-Term Sustainable Nickel Producer
➢ Power for the Project to be delivered from predominantly renewable sources (hydroelectric and solar generation) through the Brazilian power grid
➢ Significantly lower carbon footprint from processing of sulphide ore compared to laterites
  Forum: By Share Code

nipper
Posted on: Mar 29 2021, 08:41 AM


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Posts: 8,732

SciDev to Acquire Haldon Industries extending its presence in the Water and PFAS sector


..Strategic acquisition of Haldon Industries Pty Ltd, an Australian based environmental engineering solutions company focused on the water and persistent organic pollutant sectors; the acquisition will have a maximum consideration of A$16.9m, with Equity on completion and Cash subject to future milestones.


..SciDev shares will be issued to Haldon principals at A$0.80 per share with a cash payment of A$1.7m on completion subject to a working capital adjustment. Additional cash payments will be made from Haldon delivered cashflow pending FY21, FY22 and FY23 performance and is subject to revenue and minimum EBITDA targets.


..Haldon have a created a strong presence providing innovative solutions in the Per- and Polyfluoroalkyl (PFAS) market in Australia via their mobile treatment plants. Haldon's PFAS solution is world class removing PFAS to undetectable levels while reducing the waste volume by c.20,000 times, which is 100 times greater than existing commercial alternatives.


..In FY20 Haldon delivered A$8.13m of revenue and generated an EBITDA of more than A$3m on an unaudited, cash basis. Haldon's people, products and services are highly complementary to SciDev. Haldon founders Sean Halpin and Jake Reardon to take senior leadership roles with SciDev and the remaining Haldon employees to join operational roles in the water segment.


..The acquisition of Haldon provides SciDev with presence and scale in the infrastructure, and water and wastewater verticals via Haldon's key services of water treatment, remediation, groundwater dewatering and onsite liquid waste treatment.
  Forum: By Share Code

nipper
Posted on: Mar 28 2021, 09:00 PM


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Posts: 8,732

just having a look at this (2021), because Woodie Woodie Manganese mine is operational

QUOTE
delisted following compulsory acquisition by Palmary Enterprises (Australia) Pty Ltd .... 25/01/2008
we understand Palmary was successful with an offer of $4.70 cash per share
  Forum: By Share Code

nipper
Posted on: Mar 28 2021, 08:35 PM


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Posts: 8,732

Black Canyon Ltd (BCA) has secured an option from ASX listed Carawine Resources Limited (CWX) to acquire a majority interest in the Carawine Project in the East Pilbara region of Western Australia via a farm-in and joint venture agreement. The Carawine Project covers approximately 793 Km˛ of tenure located south of the operating Woodie-Woodie manganese mine, providing a large footprint in a proven and producing manganese belt. Black Canyon has also applied directly for another exploration license adjacent to the Carawine Project that will increase the total land holdings to over 1400 Km˛. Manganese has attractive fundamentals with growing utilisation in the battery mineral sector and dwindling supply.

In addition to Carawine, the Company has also agreed to acquire Zephyr Exploration Pty Ltd that has applied for exploration tenure over an area of 206 Km˛ at the Lofty Range Project located 30 km west from ASX listed Element 25's Butcherbird Manganese Project. Element 25 (E25) is currently developing the world class Butcherbird deposit to produce high quality manganese concentrate and High Purity Manganese (HPM) products for traditional and new energy markets.

Both the Carawine Project and Lofty Range Project (subject to grant) are highly prospective for manganese and have similar geological settings to Butcherbird. Black Canyon will look to identify new deposits through exploration and discovery on its project areas. Existing high quality datasets have shortcut the exploration lead time and drill ready targets have already been identified based on previous drilling, geophysical surveys and known near surface manganese occurrences. The cost effective proposed exploration drill programs will target shallow mineralisation with potential to delineate mineral resources.

In addition to manganese, the Carawine Project also hosts multiple copper occurrences including the Western Star prospect, a large zone of surface copper enrichment identified over an area 500m x 500m by shallow historic workings and exploration costeans. A limited amount of previous drilling at Western Star returned significant copper intersections with no follow-up completed to date.


Is raising $5 million via a prospectus at 20c a share and likely to IPO mid April if it gets across the line
(a bit of nearology happening here?)
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nipper
Posted on: Mar 28 2021, 08:31 PM


Group: Member
Posts: 8,732

do not know too much about it. Note this (money strapped??)
QUOTE
Black Canyon (BCA) (soon to list) has secured an option from ASX listed Carawine Resources Limited (CWX) to acquire a majority interest in the Carawine Project in the East Pilbara region of Western Australia via a farm-in and joint venture agreement. The Carawine Project covers approximately 793 Km˛ of tenure located south of the operating Woodie-Woodie manganese mine, providing a large footprint in a proven and producing manganese belt. Black Canyon has also applied directly for another exploration license adjacent to the Carawine Project that will increase the total land holdings to over 1400 Km˛. Manganese has attractive fundamentals with growing utilisation in the battery mineral sector and dwindling supply.


  Forum: By Share Code

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