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nipper
Posted on: Today, 11:35 AM


Group: Member
Posts: 9,139


Raised $10million in a placement in April, with SPP, which closed early and was heavily over subscribed, pulling in another $1M. Alkane (ALK) was a participant in the placement and has lifted its holding to 19.84%.
Genesis controls an area of more than 650km2 of the Ulysses-Orient Well shear corridor, in the Leonora Laverton gold district.
Ulysses Mineral Resource increased to 27Mt at 1.8g/t Au for 1.6Moz .
Feasibility Study on track for Q2 2021
Drilling underway targeting next leg of growth


  Forum: By Share Code

nipper
Posted on: Jun 12 2021, 02:37 PM


Group: Member
Posts: 9,139

Tamboran Resources Limited (TBN) is a public natural gas company that specialises in development of unconventional gas in the Northern Territory, Australia. It was incorporated in Victoria on 10 February 2009 and is headquartered in Sydney, Australia.

Tamboran's key assets are a 25% working interest in EP 161 and a 100% working interest in EP 136 which are located in the Beetaloo Sub basin in the Northern Territory, Australia.

The Beetaloo Subbasin is an area of approximately 28,500 km2 that is considered to be highly prospective for unconventional gas. Beetaloo is a structural component of the Greater McArthur Basin in the Northern Territory, located about 500 kilometres southeast of Darwin, Northern Territory and is recognised as a close analogue to some of the most productive unconventional gas basins in North America.

Listing date... 23 June 2021 11:00 AM AEST ##

Principal Activities ... Natural gas exploration

Issue Price ... $0.40
Issue Type .... Ordinary Fully Paid Shares
Security code .... TBN
Capital to be Raised .... $66,000,000
Expected offer close date .... 11 June 2021
Underwriter..... Fully underwritten. MST Financial Services Pty Limited (Underwriter and Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jun 12 2021, 02:32 PM


Group: Member
Posts: 9,139

Resource Base Ltd (RBX) is a junior resource and exploration company with a conditional right to acquire the Black Range Project located in the wellknown and highly prospective Stavely volcanic corridor in north west Victoria (Black Range Project or Project). The Project is host to a recognised copper gold volcanic hosted massive sulphide (VHMS) system known as the Eclipse prospect (Eclipse or Eclipse Prospect). The initial discovery provides an opportunity to test the potential of a 4 kilometres strike of the defined volcanic graben that could host extensions of the primary VHMS discovery within the acquired exploration holdings.

Following the completion of the acquisition of the Project and the associated admission of the Company to the Official List of the ASX, the Company's experienced Board and management team intends to immediately commence an aggressive exploration program at the Eclipse Prospect, focused on quickly establishing an initial inferred JORC compliant resource from existing geological data within 6 months of listing and establishing the potential size and scale of the entire Project area through exploration and drilling across the Tenement package.


Listing date.... 02 July 2021 11:30 AM AEST ##

Principal Activities.... Mining exploration

Issue Price.... $0.20
Issue Type .... Ordinary Fully Paid Shares
Security code.... RBX
Capital to be Raised.... $5,500,000

Expected offer close date .... 14 June 2021
Underwriter.... Not underwritten. Candour Advisory Pty Ltd (Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jun 12 2021, 02:24 PM


Group: Member
Posts: 9,139

Openn Negotiation Limited (OPN) operates a proptech business that provides technology solutions to enable the transparent negotiation and sale of real estate online.

The Company's solutions are primarily delivered online through their technology platform. The Openn platform combines their proprietary technology for a transparent online sales process with an online software platform to facilitate real time negotiation of property sale transactions.

The Openn platform is designed to facilitate different types of sales methods. At present, it facilitates:
  • ... Openn Negotiation : the Company's primary product offering and sales process which combines flexibility of a private treaty with the transparency of auction price discovery; and
  • .... Openn Offers : which supports a traditional private treaty process online with improved transparency.
  • ... The Openn platform is a transactional tool used by real estate agents throughout Australia and New Zealand to conduct property sales online.
The Openn platform facilitates a real time, online bidding process to achieve the market value for a property, through competitive price tension. The platform aims to build trust between the agent and buyer and ensures price maximisation for the seller.

Agents (who are trained by Openn and certified to use the platform) are able to upload properties to the platform.

Potential buyers are then able to view properties. Those who wish to participate in a sale campaign can register and bid online through the Openn platform via a web browser or mobile app.

Competing bids for a property are disclosed on the platform to participating qualified bidders. This provides all bidders with price transparency, allowing them to make an informed decision about improving their bid.

In addition to its transaction capability, the Openn platform captures unique, real time data that has the potential to provide lead indicators for the property market. This data could add value to the property sector especially as the industry is experiencing an increase in buyer demand and competitiveness.

With approximately 55,000 registered users across Australia, over 3,300 agents adopting the technology and approximately $2 billion of property sales so far, the Openn platform is being recognised as an industry enabler, delivering a flexible and transparent transaction alternative.

Listing date... 11 June 2021 #

Principal Activities... Australian based holding company which (through its subsidiary) operates a property technology business providing technology solutions for the transparent negotiation and sale of real estate through an online software platform.

Issue Price... $0.20
Issue Type... Ordinary Fully Paid Shares
Security code... OPN

Capital to be Raised.... $9,000,000
Expected offer close date.... 24 May 2021

Underwriter.... Fully underwritten. Euroz Hartleys Limited (Underwriter and Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jun 11 2021, 09:19 PM


Group: Member
Posts: 9,139

Gefen Technologies (GFN) has developed a digital platform marketplace for regulation-heavy industries where carriers (enterprises) use agents to sell complex products to customers where human advice, human expertise and human touch are required. Gefen has the flexibility to empower every stakeholder from the largest carrier to the single independent agent.

Highly regulated industries such as insurance and financial services are dominated by carriers and enterprises. These carriers and brands use agents, both independent (un tied) and affiliated (tied) to deliver their products and services to end customers.

Gefen has created a digital platform onboarded by carriers as a platform solution to deliver consistent and compliant messaging, business methodology and sales tools to their agents.

It is anticipated that GFN will list on the ASX during June 2021.

Principal Activities ..... Digital platform marketplace provider

Issue Price ....... $1.00
Issue Type ...... Ordinary Fully Paid Shares
Security code ....... GFN
Capital to be Raised ......... $25,000,000
Expected offer close date ..... 31 May 2021

Underwriter ..................... Not underwritten. RM Corporate Finance Pty Ltd and Morgans Corporate Limited (Joint Lead Managers)
  Forum: By Share Code

nipper
Posted on: Jun 11 2021, 09:14 PM


Group: Member
Posts: 9,139

The Cosmo Newberry Project comprises five exploration licenses and four exploration licence applications (tenements). Due mainly to access restrictions, and with the exception of restricted reconnaissance in 2017, the Tenements have been unexplored since 2002.

In December 2020, Cosmo Gold entered into the required YTAC Access Agreement with the Yilka Talintji Aboriginal Corporation in respect of approximately 87% of the land comprising the Project. The Company has also negotiated and signed a Heritage Agreement with the Waturta Native Title Claims Group (Waturta) in respect of land comprising the remaining 13% of the Project, and is awaiting execution by Waturta. Following issue of the required Mining Entity Permits these agreements will allow ground-based exploration work on the Tenements.


18 June listing date???
  Forum: By Share Code

nipper
Posted on: Jun 11 2021, 09:04 PM


Group: Member
Posts: 9,139

Argenica Therapeutics Limited (AGN) was incorporated on 20 November 2019 as a proprietary Australian company to undertake the development and commercialisation of a novel therapeutic known as ARG 007 developed by world-leading researchers at the University of Western Australia (UWA) and the Perron Institute for Neurological and Translational Science (Perron Institute). The therapeutic, which is based on arginine rich peptides, has proven neuroprotective properties and therefore can offer protection to the brain following stroke and other acute central nervous system injuries.

The Company's current business is to develop and commercialise ARG 007. Argenica will initially focus on the use of ARG 007 in the treatment of stroke.

Contact details ..... https://argenica.com.au/
Principal Activities ... Development and commercialisation of a novel therapeutic

Issue Price ..... $0.20
Issue Type ..... Ordinary Fully Paid Shares
Security code ..... AGN
Capital to be Raised ........ $7,000,000
Expected offer close date ........... 21 May 2021

Underwriter ................ Not underwritten. Alto Capital (Lead Manager)


listed today; opened at 31c. closed the day at 26c
  Forum: By Share Code

nipper
Posted on: Jun 11 2021, 01:04 PM


Group: Member
Posts: 9,139

and above $16
QUOTE
Bevan Slattery took to corporate soapbox LinkedIn earlier [last] month to taunt a trader betting on share price falls for Slattery's latest sharemarket venture, Megaport. Slattery reckons the trader short sold 11 million shares only to watch the price rise. He also stated that over a single day recently, he fielded and rejected four calls from investment bankers and brokers asking if he might consider selling some shares, presumably, to help his short-selling enemies cover their positions.


and he might have won this round.... from $13 in the middle of May, there has been a rise nearly each day since
  Forum: By Share Code

nipper
Posted on: Jun 11 2021, 10:02 AM


Group: Member
Posts: 9,139

QUOTE
[Apart from BHP and RIO as diversified majors,] there are only four ASX listed copper producers. This scenario has played out over the past decade via a combination of corporate activity, low copper prices, increased fiscal discipline and depleted ore bodies. This is extraordinary for the most widely used base metal on our planet.

Of the four producers, OZ Minerals (ASX: OZL) and Copper Mountain Mining (ASX: C6C) are both trading on PE ratios in the mid 20s. Sandfire Resources (ASX: SFR) would appear superficially cheap, however, the DeGrussa mine is scheduled to be depleted sometime during 2022.

This leaves Aeris Resources (ASX: AIS)....

There are, however, plenty of explorers and small producers which offer near-pure exposure to the copper story, including:

Venturex Resources (ASX: VXR) is very much a follow the man situation. The company is the new corporate vehicle for Bill Beament, the creator and former driving force behind the Australian gold sector's great success Northern Star (ASX: NST), which ran from $0.02 to $16 over a decade.

This time around Beament wants to build a company that he controls, rather than serve as a salaried executive with another variation being copper rather than gold ... though it is also worth remembering that the two metals often occur together.

Beament's plan is to take the reins of Venturex on 1 July with the relatively small Sulphur Springs project in WAs Pilbara region as the initial focus, but with ambitions of getting much bigger through discovery and deals perhaps a repeat of Northern Star.

Since Beament announced his shift to Venturex in February, as well as taking a 30% stake in the stock, it has rocketed up by 750% from $0.09 to $0.78, but at that latest price the company is only capitalised at a modest $330 million, a country mile short of Northern Star's $12.8 billion.

Aeris (ASX: AIS) was once a copper star when trading as Straits Resources and working the Tritton mine in central NSW.

Older investors might remember, longingly, when Straits was a $5 stock in 2011, which was the last time copper traded as high as $US4.50/lb, before a long slide down to $US2/lb ... a drop which was instrumental in Straits falling to around $0.50, and then all the way to $0.03 at this time last year.

Reborn as Aeris the key asset remains Tritton which is generating handy profits, but which is also at the centre of an exploration program.

The program is starting to reveal highly encouraging signs of bigger and better nearby copper deposits.

The discovery of the Constellation structure just before Christmas last year put a spring in the Aeris' share price which last week hit a 12-month high of $0.21.

Apart from high grades, such as 38m assaying 3.72% copper reported last week, Constellation is shallow (starting at 8m) and only 40km from the Tritton processing plant.

A company that tends to float under the radar is Caravel Minerals (ASX: CVV) with its namesake bulk tonnage copper project in WA.

Caravel maintains its namesake project is one of Australia's largest undeveloped copper deposits with a resource of 662Mt at 0.28% copper for 1.86Mt of contained metal.

A pre-feasibility study is underway which is due for completion later this year along with a resource upgrade.

Of note, is that large institutional investor Paradice bought up $7 million in Caravel shares in a $7.5 million equity raising last month.

The investor is known for longer-term strategy of purchasing intrinsically undervalued stocks trading at "substantial discounts" within he small and mid-tier spaces.

In the past 12 months, Caravel's share price has boomed more than 2,000% from around $0.025 last June to $0.54.

Inca Minerals (ASX: ICG) the name is a clue to the company's focus on South American assets, but the real interest in Inca today is a promising discovery in the Northern Territory.

Work so far has been largely limited to "rock kicking" which is one way of describing the collection of chip samples from outcropping rocks, but those samples have yielded tantalising assays of more than 9% copper and 3 grams per tonne of gold.

The location, 450km northeast of Alice Springs is also a point of encouragement because it is a region with a rich history of copper (and gold).

News flow from the Jean Elson discovery and the Frewena East project is expected to pick up over the next few months, helping continue a share price move which has seen the stock double from $0.07 to $0.14 over the last four months, a price which values the company at $54 million.

Coda Minerals (ASX: COD) is a star performer on the market this week after a highly encouraging drill result from its Emmie Bluff Deeps project in South Australia's "copper elephant" country which is home to BHP's giant Olympic Dam mine and OZ Minerals Prominent Hill.

The first deep hole at the project intersected a whopping 200m of IOCG (iron oxide copper gold) mineralisation with assays yet to be processed, but a result good enough to more than double Coda's share from which jumped from $0.36 to $0.88, a price which values the stock at a still untaxing $60 million.

Much more drilling is required by Coda, but the latest result is a spectacular justification for decades of work by explorers on a project once known as Mt Gunson and an asset on a number of companies including Chinese control WA iron ore producer Gindalbie Metals.

The Chinese company behind Gindalbie, Angang Steel, retained a 14% stake in Coda after it was floated off last year.

Other small copper explorer stocks worth an entry in an investor's black book of stocks to watch include:
Encounter Resources (ASX: ENR), which has among its assets a promising joint venture with BHP in the Northern Territory.

Peel Mining (ASX: PEX), which has made what looks to be a high-grade discovery at its Wirlong project in NSW.

Prodigy Gold (ASX: PRX), which is partnering IGO (ASX: IGO) in its promising Phreaker discovery in WA.

Stavely Minerals (ASX: SVY) which has reported a series of outstanding copper and gold assays from its Thursday's Gossan project in Victoria.

QMines (ASX: QML), which recently listed on the ASX is currently drilling the Mt Chalmers copper and gold project in Queensland.
  Forum: Macro Factors

nipper
Posted on: Jun 11 2021, 09:27 AM


Group: Member
Posts: 9,139

29Metals Limited (29M) is a new copper focused mining company with a portfolio of longlife producing assets and a pipeline of organic growth opportunities, comprising:
  • ... the producing longlife Golden Grove mine in Western Australia (copper, zinc, gold and silver);
  • ... the producing longlife Capricorn Copper mine in Queensland (copper and silver); and
  • ... a portfolio of exploration interests, including regional tenement interests surrounding Capricorn Copper and Golden Grove and a strategic tenement package and project in Redhill located in Chile, the world's largest copper producing country.
29Metals explores for, develops and produces metals in the form of mineral concentrates which are sold to commodity trading firms or smelters for refining and onsale as a refined metal product for end use.

29Metals is headquartered in Melbourne, with support offices located in Perth, Western Australia, and Brisbane.

Listing date .....23 June 2021 #

Principal Activities... Mineral exploration, development, and production
Issue Price... $2.00
Issue Type... Ordinary Fully Paid Shares
Security code.. 29M
Capital to be Raised... $900,000,000
Expected offer close date... 21 June 2021
Underwriter... This offer is fully underwritten. Macquarie Capital (Australia) Limited, Credit Suisse (Australia). Limited and Morgan Stanley Australia Securities Limited (Underwriters and Lead Managers)
  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 05:46 PM


Group: Member
Posts: 9,139

and now $2.17 , steady incremental lift since Monday

Asked why the future of Trajan might be bright for investors, CEO Stephen Tomisich provided solid reasons:
QUOTE
Clearly I am (as a founder and CEO) investing in it, so maybe that is a good sign that we are maintaining majority shareholding. But if you look at our business history, what I like about it is its substance and underlying resilience.

We have 80 to 85 per cent of our revenues in recurring revenues, and those have proven to be resilient even right through COVID.


QUOTE
Unlike many healthcare stocks, it is not a case of make or break with Trajan. We have a very healthy economic engine that underpins the business, but we still have the upside of that entrepreneurial and disruptive approach to new technology development, and I think it's the combination of those that excites me about the business.
  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 05:31 PM


Group: Member
Posts: 9,139

The federal government has paid a negative interest rate on $1 billion borrowed from institutional investors, the first time on record the total cost of a Treasury debt sale has fallen below zero. Institutional investors such as foreign pension funds, insurers and banks need to park their money for short periods of time in safe assets and will pay the Australian government to hold their funds for the next three months.

The historic financing reflects central banks suppressing interest rates by buying government bonds in the secondary market and huge amounts of cash sloshing around the worlds financial system.

It also suggests debt investors have become less worried about a potential breakout in global inflation, after a temporary spike in bond yields in February on bets of higher inflation from the Biden administration's $US1.9 trillion ($2.5 trillion) spending stimulus.

The the Australian Office of Financial Management (AOFM), sold a three month Treasury note attracting a weighted average yield of -0.0034 per cent on Thursday.

The negative yield on short-term government debt is partly being driven by foreign investors engaging in a currency arbitrage, market sources said. Investment banks are buying the debt on behalf of offshore investor clients, making a loss on the yield but earning a profit on three month forward foreign exchange contracts.
  Forum: Investment Discussion

nipper
Posted on: Jun 10 2021, 02:48 PM


Group: Member
Posts: 9,139

so glad my entitlement was scaled back..... Because it means I am less under water than those ahead of retail in the queue.

Basically, it has been downhill since soon after the cap raising in late March. In fact from the start of 2021, we have seen slippage from $2.40 highs, stabilised around $1.0 in March / April but the last 6 weeks has seen further selling, as low as $1.14 late May.
There probably was a bit of tax loss selling tossed into the disappointment; today some buying has lifted 4DX by 10c to be above $1.40. Volume is not convincing; possibly just fatigue?
  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 01:39 PM


Group: Member
Posts: 9,139

IPO closes soon, media reporting a few skirmishes or shots across the bows of LICs
QUOTE
The latest alarm was at VGI Partners Global Investments Ltd (VG1), which fits WAR's tactics at about 10 per cent discount and saw heavy trading on Wednesday.
However, Wilson's attention is focused elsewhere. He's understood to be looking at another big target, Magellan's $1 billion Magellan High Conviction Trust (MHH), which is trading at a 12 per cent discount to its asset backing. Brokers reckon he has been snapping up MHH shares, to help get WAR off to a rollicking start.

Magellan High Conviction Trust is a nice juicy target. It listed in late 2019, is run by Hamish Douglass, invests in Microsoft, Alphabet, Facebook and the like, and its biggest shareholder is the Lowy Family Group, which declared a 5.35 per cent stake last November. Most importantly, it is struggling with a sizeable discount to asset backing.
As for WAR's other targets, one of the prime contenders has to be Templeton Global Growth Fund, which is part way through a strategic review and is one where Wilson Asset Management Group already has a toehold 14.6 per cent stake.
  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 12:55 PM


Group: Member
Posts: 9,139



but there has been more interest
QUOTE
Mainstream said it has received another unsolicited proposal from Apex, offering $2.80 in cash for each Mainstream share.

The fund administration provider is currently considering the offer and will update the market in due course.


  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 12:51 PM


Group: Member
Posts: 9,139

Vitalharvest said it has received a tenth offer from MAFM, this time at $1.33 per unit and is reviewing the terms of the fresh proposal.

MAFM is locked in a bidding war for Vitalharvest with Roc, which made a ninth offer for the company at $1.33 per unit on June 8.

  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 12:31 PM


Group: Member
Posts: 9,139

media reports driving the SP
QUOTE
Iress said that it notes media speculation today in The Australian Financial Review about market activity by an unknown participant or participants.

The company can confirm that it has not received any direct approach. As a result, it said it is not in a position to comment further.
Iress shares are up 17 per cent this morning at $11.90
  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 12:14 PM


Group: Member
Posts: 9,139

WAM Strategic Value Limited (WAR) is looking to raise $225 million at $1.25 a share in an IPO due to list on 25 June.
The aim of the LIC is to provide Shareholders with strong risk adjusted returns derived from an Investment Strategy focused on identifying and capitalising on buying assets at a discount. The Investment Strategy will primarily focus on Australian LICs and LITs, with which the Investment Manager has significant expertise and experience for more than 20 years. The Companys Investment Strategy will provide Shareholders with exposure to a diversified equities portfolio, predominantly comprised of Australian LICs and LITs, purchased at a discount to their underlying asset values that the Investment Manager believes will close over time.
The Investment Strategy's focus on LICs and LITs is expected to enhance diversification, providing direct exposure to a wide pool of underlying assets for investors.

The Companys investment objectives are to provide capital growth over the medium-to-long term, deliver a stream of fully franked dividends and preserve capital while providing Shareholders with exposure to a diversified equities portfolio.

The Company aims to maximise total Shareholder returns with a combination of capital growth and income, allowing fully franked dividends to be paid to Shareholders, provided the Company has sufficient profits reserves and franking credits available and it is within prudent business practices to do so.
  Forum: By Share Code

nipper
Posted on: Jun 10 2021, 10:16 AM


Group: Member
Posts: 9,139

Grant Samuel values Boral shares between $8.25 to $9.13, which is 40.5 per cent higher than the Seven offer at the upper end.

.... and at $6.75 today
  Forum: By Share Code

nipper
Posted on: Jun 9 2021, 09:29 PM


Group: Member
Posts: 9,139

Queensland Pacific Metals Limited (QPM), formerly Pure Minerals Limited, is an Australian company focused on development of Townsville Energy Chemicals (TECH) Hub project. TECH Project will produce nickel sulfate, cobalt sulfate, high purity alumina and other byproduct. During the year Product marketing of the key battery chemicals to be produced by the TECH Project, nickel sulphate and cobalt sulphate, was a key focus for QPM.

A bit of back history; 02 Dec, 2020, Pure Minerals Limited (PM1) changed its name and ASX code to Queensland Pacific Metals Limited (QPM). PM1 had its wholly owned subsidiary Queensland Pacific Metals Pty Ltd which entered into the Townsville Energy Chemicals Hub Project.

Pilot Plant Activities .... 2020 focus for the TECH Project was the advancement towards piloting its processing and refining flowsheets. This work program is partially funded by the $2.6M Cooperative Research Centres Projects (CRC-P) grant received and supported by in-kind contributions from QPMs partners.
QUOTE
Whilst progress was hindered earlier in the year due to COVID-19, restrictions are being eased and QPM has been able to make significant progress. The pilot programme will initially involve processing the bulk sample received from QPMs New Caledonian ore supply partners in the existing CSIRO pilot plant (DNi ProcessTM ) to produce nickel cobalt mixed hydroxide precipitate. Aluminium hydroxide will also be produced and is the feedstock required to produce high purity alumina (HPA). The MHP will then be processed in a refining pilot plant with the aim of producing battery grade nickel and cobalt sulphate. Similarly, the aluminium hydroxide will be processed in another pilot plant to produce 4N HPA.

Sept 2020 ... raised $4.4 million. Signed MoU with LG and Samsung, getting

March 2021 ... raised $15 million in placement; upscale SPP to $5M
and 08 June: Investment and Offtake Agreements Executed with LG Energy Solution and POSCO

Highlights
US$15m combined equity investment from LG Energy Solution and POSCO GEM 1ST FUND
Shares will be issued at a price of A$0.1364, a premium of 16.8% to the 1 month VWAP of QPM shares
Binding offtake agreements signed for the sale of 10,000t contained nickel and 1,000t contained cobalt with LG Energy Solution and POSCO
The commercial transaction is the culmination of extensive negotiation and due diligence undertaken on QPM and the TECH Project by LG Energy Solution and POSCO

  Forum: By Share Code

nipper
Posted on: Jun 9 2021, 06:16 PM


Group: Member
Posts: 9,139

Closed on high for the day
  Forum: By Share Code

nipper
Posted on: Jun 9 2021, 09:26 AM


Group: Member
Posts: 9,139

New soil anomalies delineated at the Baudin, Jansz and Drummond targets, plus recent ground gravity survey points to geological continuity of the ~26km long Julimar Complex.
QUOTE
Based on the soil and gravity results at Baudin, Jansz and Drummond, initial first-pass MLEM lines are planned over the coming weeks. This program aims to define drill-ready targets and is anticipated to be completed by the end of June. Infill soil sampling will also be completed over the new targets.


Approval is being sought from the relevant Western Australian State Government departments to allow first-pass drill testing within the Julimar State Forest. This initial phase of drilling will be completed with small, track-mounted diamond drill rigs to minimise ground disturbance and eliminate the need for vegetation clearance. Drilling is expected to commence at the Hartog Target in late Q3 2021, subject to access approval.


Concurrently, seven rigs (three Reverse Circulation and four diamond) are continuing the ~160,000m stepout and resource definition drill program at the Gonneville discovery, and early-stage economic studies are continuing.

  Forum: By Share Code

nipper
Posted on: Jun 9 2021, 08:25 AM


Group: Member
Posts: 9,139


Australian shares are set to open higher, perhaps resetting its record high, as shares on Wall Street hovered near record highs ahead of the US May CPI report on Friday AEST.

ASX futures were up 10 points or 0.1 per cent to 7314 near 7am AEST. The currency slipped.



AUD .... -0.2% to 77.37 US cents
Bitcoin on bitstamp.net -1.5% to $US33,553
On Wall St: Dow -0.1% ; S&P 500 flat ; Nasdaq +0.3%
In New York: BHP +1.6% ; Rio +0.6% ; Atlassian +0.4%
Tesla -0.3% ; Amazon +2.1% ; Apple +0.7%
In Europe: Stoxx 50 flat ; FTSE +0.3% ; CAC +0.1% ; DAX -0.2%
Spot gold ... -0.3% to $US1893.15/oz at 2.39pm New York time
Brent crude ... +1.1% to $US72.28 a barrel
US oil ... +1.2% to $US70.07 a barrel
Iron ore ... +3.5% to $US209.50 a tonne
2-year yield: US 0.15% Australia 0.04%
5-year yield: US 0.77% ; Australia 0.78%
10-year yield: US 1.53% ; Australia 1.60% ; Germany -0.23%
  Forum: Investment Discussion

nipper
Posted on: Jun 8 2021, 06:34 PM


Group: Member
Posts: 9,139

FOS Capital Limited (FOS), through its wholly owned subsidiaries, operates an Australian based lighting design, engineering and manufacturing business serving the commercial, retail and industrial lighting sectors.

The FOS Group encompasses the Company, FOS Lighting Group Pty Ltd, FOS Lighting Pty Ltd (formerly Frend Lighting) and Baker & McAuliffe Holdings Pty Ltd T/A JSB Lighting.

The FOS Group operates in the commercial, retail and industrial lighting markets in Australia, with particular focus and expertise in LED lighting applications. These sectors include warehousing, hospitality, medical, aged care and education facilities which typically require large scale bespoke lighting solutions.

The FOS Group provides a broad range of lighting products and services. The Company, via its subsidiaries FOS Lighting and JSB Lighting, is one of only a few Australian lighting suppliers with full manufacturing capability in Australia. This allows the FOS Group to provide a full-service lighting solution which includes the design, development, engineering, manufacture and distribution of lighting products.



Principal Activities .... Design, engineering, manufacturing and supply of commercial, retail and industrial lighting solutions
Issue Price .... $0.25
Issue Type .... Ordinary Fully Paid Shares
Security code .... FOS
Capital to be Raised ..... $3,000,000
Underwriter ...... Not underwritten. K S Capital Pty Limited (Lead Manager)


trading, but in the 20c to 22c range since listing two days ago
  Forum: By Share Code

nipper
Posted on: Jun 8 2021, 02:22 PM


Group: Member
Posts: 9,139

Dragon Mining (DRA) ... delisted Oct 2018

QUOTE
the company delisted because about 70% of its shareholders are resident outside of Australia, all of the company's operations are outside Australia, there has been little Australian investor interest in the company's foreign assets making the raising of capital locally difficult to achieve. The company expects listing on the Hong Kong exchange to commence on 5 November 2018

  Forum: By Share Code

nipper
Posted on: Jun 8 2021, 01:52 PM


Group: Member
Posts: 9,139

I followed CGS for a while, but its success always seemed dependent on that of others... Well, that day has arrived
QUOTE
Eisai Co., Ltd (Japan) and their development partner, Biogen Inc, have announced that the U.S. Food and Drug Administration (FDA) has granted Accelerated Approval for aducanumab (to be marketed as ADUHELMTM) for the treatment of Alzheimer's disease..

The accelerated approval has been granted based on data from clinical trials demonstrating the effect of ADUHELM on reducing amyloid beta plaques, a biomarker that is reasonably likely to predict clinical benefit, in this case a reduction in clinical decline. Under the accelerated approval conditions, which provide patients suffering from the disease earlier access to treatment, Biogen will conduct a controlled trial to verify the clinical benefit of ADUHELM in patients with Alzheimer's disease. If the trial fails to verify clinical benefit, the FDA may initiate proceedings to withdraw approval of the drug.

The approval by the FDA of ADUHELM is the first new treatment approved for Alzheimer's disease since 2003 and is the first approved therapy that targets the fundamental pathophysiology of the disease.

Alzheimer's disease is the most common form of dementia, causing memory loss and other cognitive impairment that interfere with daily life. Measurement of cognition is a critical component of a diagnosis of Alzheimer's disease. ...

and how does Cogstate fit in with this?
QUOTE
On 26 October 2020, Cogstate announced that it had entered into an agreement with Eisai Co., Ltd to grant Eisai rights to exclusively develop and distribute Cogstate digital cognitive assessment technologies in healthcare and other markets worldwide. The agreement specifically excluded the Clinical Trials market, where Cogstate continues to market its offering independently.

Under the 10-year agreement between Eisai and Cogstate executed on 26 October 2020, Eisai had a right to terminate the agreement after year five under certain conditions. Following the approval of ADUHELM by the FDA, Eisai no longer have that right to accelerated termination of the Cogstate / Eisai agreement. Therefore, in addition to the minimum contractual royalty payments over commercial years 1 to 5 of US$10 million, Eisai are now also contractually obliged to make the minimum royalty payments to Cogstate over commercial years 6 to 10, being an additional aggregate payment of US$20 million over that period.

up 50%
  Forum: By Share Code

nipper
Posted on: Jun 8 2021, 01:44 PM


Group: Member
Posts: 9,139

a bit of corporate activity has put a spring back in MNF step

Singapore

MNF announced in February 2021 that it was conducting final technical trials with several customers, before officially going live in the Singaporean market. Customer technical trials are ongoing and have been successful. The company is now working towards a go-live date of 01 July 2021, pending final regulatory approval.

FY21 Earnings Guidance

As announced yesterday, the company reaffirmed earnings guidance of EBITDA for the 2021 financial year of $40.0 million to $43.0 million.

Business performance in the last quarter has been solid, and after receiving preliminary financials overnight for the month of May, the company now expects FY21 EBITDA to be within the top half of the guidance range provided. This is based on the performance of the company over a number of months including the latest results for May, the business has greater confidence in earnings projections as the end of the financial year approaches.

MNF signs term sheet with Vonex (VN8)

As announced yesterday, MNF Group has entered into a non-binding conditional term sheet for the sale of part of its Direct Business to Vonex Limited for $31 million. The sale is inline with MNF's strategy to simplify the business, grow recurring revenues and focus on growing the MNF wholesale business, Symbio.

Assuming all conditions are satisfied, MNF expects that an asset sale agreement will be executed in July 2021. Conditions to finalising the agreement include: a satisfactory outcome of due diligence on MNF, funding for the transaction being secured and board approval for both Vonex and MNF.
  Forum: By Share Code

nipper
Posted on: Jun 8 2021, 09:28 AM


Group: Member
Posts: 9,139

Superloop will acquire Exetel, Australias largest independent internet service provider, for $110 million, comprising $100 million in cash and $10 million in Superloop shares.

The acquisition is estimated to have cost synergies of $5 million annually, related to the increased Superloop network utilisation, with all synergies expected to be realised within the first 12 months. Superloop said the transaction would be materially accretive to key financial metrics including EPS, EBITDA and FCF on a FY21 pro-forma basis.

The acquisition will be funded by a fully underwritten institutional placement of $49 million and a pro-rata accelerated non-renounceable entitlement offer of $51 million to raise gross proceeds of $100 million. One new share for every 6.67 held, at 93c.


QUOTE
The acquisition of Exetel, Australias largest private ISP, adds significant scale to grow profitable share of our three customer segments, said Superloop chief executive Paul Tyler,

Integration of Exetel into Superloops existing networks brings super fast, super easy & super reliable connectivity to three times more homes and businesses.


Superloop adjusted its 2021 financial year EBITDA guidance at a tightened range of $18 million to $18.5 million (excluding one-off transaction costs). That is at the lower end of its previous guidance of between $18 million and $20 million.

  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 08:09 PM


Group: Member
Posts: 9,139

TRJ listed today, opened and held above $1.90 during the day to close at $1.98 (IPO at $1.70)

The founders have no intention of selling down more than was released into the float ($40M), keeping their holding at 59%.

The key products of Trajan include a range of items that facilitate the chemical separation of components in a sample, such as microscope slides and coverslips, and analytical syringes. The company had made seven acquisitions before the IPO, and is eyeing more targets, which is part of the reason it tapped public markets.
QUOTE
Proceeds will also be used for manufacturing modernisation to drive margin gains and accelerate commercialisation of new technologies such as its hemaPEN micro blood sampling device and a miniaturised instrumentation that is now the prototype inside major US pharma players working on how to monitor the next generation of pharmaceutical manufacturing.
  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 03:20 PM


Group: Member
Posts: 9,139

done deal
QUOTE
Hansen MD and chief executive officer Andrew Hansen, who has nearly a 20 per cent stake in the company, has already signed up to the BGH camp, committing to vend his stake into the proposed scheme of arrangement and voting against any competing proposals during the exclusivity period.

BGH has been granted due diligence on an exclusive basis.


  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 03:18 PM


Group: Member
Posts: 9,139

In a statement to the market on Monday, Buddy Technologies chairman Rick Borenstein noted the resignations of non-executive directors John van Ruth, Alan Robert Sparks and Rosemary Batt.

The company would replace them on an interim basis with head software engineer Paul Russell and senior e-commerce director Jim Nelson as it searches for permanent replacements, Mr Borenstein said.

The management shake up comes after Buddy Technologies in late April suspended its shares as it uncovered inflated revenues mistakenly reported to the companys board and its audit and risk sub-board committee.




and still suspended.


  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 03:12 PM


Group: Member
Posts: 9,139

Vonex has entered into a conditional, non binding term sheet for the purchase of part of MNF Group's Direct Business.
The Proposed Transaction would be transformational for Vonex delivering considerable scale with more than 5,250 new business customers, more than 100 new Australian telco channel partners and almost doubling Vonexs annualised recurring revenue on a full year basis
Direct Business delivered revenue of $15.6m in CY2020 of which approximately 89% was derived from the Business segment and approximately 11% was derived from the Residential segment. This business reported an EBITDA of approximately $5m in CY2020
The total proposed consideration is $31 million in cash payable in installments with $20 million payable on completion and intended to be funded predominantly via a debt facility and Vonexs existing cash. Deferred consideration is payable in cash in monthly installments over 12 months
  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 01:22 PM


Group: Member
Posts: 9,139

Vonex has entered into a conditional, non binding term sheet for the purchase of part of MNF Group's Direct Business.
The Proposed Transaction would be transformational for Vonex delivering considerable scale with more than 5,250 new business customers, more than 100 new Australian telco channel partners and almost doubling Vonexs annualised recurring revenue on a full year basis
Direct Business delivered revenue of $15.6m in CY2020 of which approximately 89% was derived from the Business segment and approximately 11% was derived from the Residential segment. This business reported an EBITDA of approximately $5m in CY2020
The total proposed consideration is $31 million in cash payable in installments with $20 million payable on completion and intended to be funded predominantly via a debt facility and Vonexs existing cash. Deferred consideration is payable in cash in monthly installments over 12 months
  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 11:42 AM


Group: Member
Posts: 9,139

A new dawn for Australia's potash pioneers

Australia's first sulphate of potash mine will start production this week and five local mines could be producing the specialty fertiliser inside four years.

His biggest customers are in Russia, Mexico, Peru and Belgium, but Tony Swiericzuk hopes local farmers knock on the door when Australia's nascent potash industry comes to life this week.We are happy for farmer Joe to turn up to the mine gate with his truck or trailer and take a load, he says of the crop nutrients he is now extracting from Western Australia's outback salt lakes.

A new export industry will be born on Monday when Swiericzuk's company Salt Lake Potash declares first production and claims pioneer status ahead of the flock of rivals building sulphate of potash (SOP) mines on Australia's ephemeral lakes.

If all of them deliver to schedule, Australia will go from zero to five SOP mines in the next four years.

They hope to snatch a piece of a small but growing industry that is now worth just over $US4 billion ($5.2 billion) a year globally and is distinct from the $US20 billion plus muriate of potash (MOP) industry that BHP is likely to enter this year when it is expected to build a new $US5.7 billion Canadian mine.

Though SOP is the small end of the potash industry, it is also the premium end with farmers typically paying 50 per cent to 100 per cent more for SOP, which is ideal for fertilising crops such as berries, nuts and citrus.

Salt Lake Potash enters production after a six-month period of rising prices for many agricultural commodities and Swiericzuk is convinced that from a small industry today, big things will grow.

SOP is produced at WA's remote Lake Way when briny water is extracted from 85 metres below the salt pan and is allowed to interact with the potassium-rich surface of the lake.

Stored in giant evaporation ponds for weeks at a time, the sun does much of the work and a final processing stage spits out a product that Swiericzuk says is ready to "throw on your tomatoes".

Close to 90 per cent of the SOP that Swiericzuk's team produces will be shipped to foreign customers via Fremantle or Geraldton ports, but the company will hold back about 21,000 tonnes a year in a bid to forge direct relationships with local farmers.

We have purposefully retained the [marketing] rights to Australia, he says. All around the world we have given [distribution] exclusivity to different offtake partners, but Australia we have kept for ourselves so we can look after the domestic farmers in a way that we see fit.

Being first to market is always a good thing in the commodities game, but Swiericzuk hopes other ASX listed aspirants such as Kalium Lakes, Agrimin, Australian Potash and BCI Minerals can also enter the SOP market and build a strong local industry in the decade ahead.

I think it is terrible to be an orphan, he says. You want to have multiple companies that analysts can follow and investors can compare against each other. This is a new industry that is going to put WA on the fertiliser map.

If the wave of new, local SOP mines do make it into production, Swiericzuk is confident they won't trigger the sort of supply surge that crushed lithium prices after six new WA mines started exporting the battery mineral in 2017 and 2018.

He says new SOP supply from WA will arrive more gradually than was the case in lithium and that the demand for food, which is the ultimate driver of fertiliser demand, is far less discretionary than the digital devices and electric cars that consume lithium.

Janus Henderson investors said earlier this year that they expected global demand for SOP will grow faster than the global economy, creating room for new entrants.

Advisory firm BDO reported in March that only the ASX-listed gold sector attracted more financial support in 2020 than ASX-listed SOP aspirants, with local investors pumping more than $528 million into the unproven industry.

The data also suggests that both debt and equity capital markets are bullish towards the sector and recognise the industry's potential for growth.

Swiericzuk admits that Salt Lake Potash tapped shareholders for funds more frequently than he had hoped as the company set about building the Lake Way project.

Having been a key member of the Fortescue Metals team that borrowed heavily a decade ago to build the world's fourth biggest iron ore business, he had been keen to adopt a similar, debt-fuelled model that would avoid diluting shareholders.

But with SOP a largely unknown commodity in Australian lending circles, debt tended to come with requests for matching equity contributions.

It is a new industry for this country and that brings with it an element of caution ; that is what has caught us going forward and for us to access the debt we have had to balance that risk, Swiericzuk says.

The Australian government's Clean Energy Finance Corporation lent $US39 million to the project.
  Forum: Investment Discussion

nipper
Posted on: Jun 7 2021, 11:32 AM


Group: Member
Posts: 9,139

Altium said it has received a formal, non binding, indicative and unsolicited proposal from Autodesk at $38.50 a share for the acquisition of 100 per cent of Altium via a scheme of arrangement.

QUOTE
The Altium board appreciates the interest expressed by Autodesk, which has evolved from a dialogue about a strategic partnership. However, it considers that the proposal significantly undervalues Altium's prospects and therefore rejects the proposal at the current price.

Altium said it has a unique position in the electronics ecosystem and unsolicited acquisition interest has developed in the past from partnership dialogues with others in the ecosystem.

QUOTE
As consistent with past unsolicited acquisition interest, the Altium board will engage with interested parties in the context of an appropriate valuation of Altium and it will continue to review all potential strategic alternatives for the company, it said.



... up 36% to $37; another offer looming ??
  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 10:03 AM


Group: Member
Posts: 9,139

and a non binding bid for HSN received .... from BGH Capital...


$6.50 a share cash.
  Forum: By Share Code

nipper
Posted on: Jun 7 2021, 09:38 AM


Group: Member
Posts: 9,139

there is a list here on Small Caps site (or should that be small caps?). It ranges from the established producers to those soon to be, right down to the hopeful minnows. There seem to be quite a few projects that have been shelved, waiting for the Ni price to be more attractive. in other words, supply is not an issue.

Very few are solely focused on Nickel, mainly because of the complex metallurgy .


https://smallcaps.com.au/nickel-stocks-asx-ultimate-guide/
  Forum: Macro Factors

nipper
Posted on: Jun 6 2021, 05:23 PM


Group: Member
Posts: 9,139

and a month later, still well off IPO at 15c.


  Forum: By Share Code

nipper
Posted on: Jun 6 2021, 05:17 PM


Group: Member
Posts: 9,139

QUOTE
Aug 2020: Successful Placement raising a total of $21.276 million (at 22c a share); Share Purchase Plan announced to raise up to an additional $7 million

Good to see the junior capitalists contributing..... because , elsewhere
.... Kidston pumped hydro project has received a $610 million loan from the Northern Australian Infrastructure Facility as well as

.... $47 million from the Australian Renewable Energy Agency
... ARENA also agreed to convert an earlier $9 million loan into a full grant that does not need to be paid back, which effectively increases the grant funding from ARENA to $56 million.

... There was also $54 million in debt finance from the Clean Energy Finance Corporation for the neighbouring 50 megawatt solar farm, which is attached to the pumped hydro project.
... The Queensland government is also funding and building the $147 million, 186 kilometre transmission line linking the Kidston project to the energy grid.
  Forum: By Share Code

nipper
Posted on: Jun 6 2021, 04:17 PM


Group: Member
Posts: 9,139

Hammer Metals Limited (HMX), formerly Midas Resources Limited, is a minerals exploration company with a focus on gold, iron ore, copper projects in Australia. Current interest is on the Mt Isa area for base metals, and Yangal in WA for gold, and


Listed at 20c a share in early 2014, but has not really done much at all in the last 7 years.
raised $1.2 million in Sept 2014
raised $2.4 million in Sept 2017
Jan 2021 announces copper gold discovery at Trafalgar (Qld)

April placement of $5m plus SPP of $1m to accelerate (aggressively explore) drilling.
Market Cap $75 million, cash on hand end March $10m


Mt Isa
... Highly prospective 2,100km2 tenement holding in the largest base metal province in the world
... Broad copper and gold intercepts confirm discovery at Trafalgar
... Joint Venture with JOGMEC over ~290km2 area ($6m expenditure to earn 60%) (excludes Hammer's existing Copper/Gold JORC Resources)

... Numerous Trafalgar look-alike targets on HMX 100% owned ground
... Ongoing drilling program testing compelling copper gold targets
+ Nearfields Trafalgar Exploration ; Elaine, Jubilee, Black Rock, Sunset and Neptune Projects

Yandal Gold Projects Western Australia
Highly prospective, underexplored, land package in the heart of the Yandal
... 260km2 tenement position in the highly prospective Yandal Gold Belt
... Proximal to existing multi million ounce resources including the 4Moz Bronzewing gold mine & 1.1Moz Orelia gold deposits ... Limited exploration due to previous legal dispute which is resolved ... Numerous zones of highly anomalous gold identified at both projects drilled to date
  Forum: By Share Code

nipper
Posted on: Jun 6 2021, 03:58 PM


Group: Member
Posts: 9,139

April 2014, the company Midas Resources consolidated its shares 1 for 100.
23 April, 2014, Midas Resources Limited (MDS) changed its name and ASX code to Hammer Metals Limited (HMX).


  Forum: By Share Code

nipper
Posted on: Jun 6 2021, 09:45 AM


Group: Member
Posts: 9,139

Askari Metals Ltd (AS2), which is aiming to list by early July this year with an enterprise value of $2.7m, has a portfolio of five fully owned projects located in New South Wales and Western Australia. The main objectives are to complete exploration activities including geophysical surveys and drilling at the Burracoppin Gold Project, the Horry Copper Project and the Mt Maguire Gold Project. The Company will also undertake exploration on the Springdale Copper-Gold Project and the Callawa Copper Project comprising reconnaissance exploration, drilling and geological mapping

The Springdale copper gold project in the Lachlan Fold Belt has witnessed significant historic production. Limited drilling has been carried out below the old workings, but it is located in the right neighbourhood for big copper-gold porphyry discoveries.

Askari's Callawa copper project is in a proven copper gold district of Western Australia and lies to the west of the Rio Tinto (ASX:RIO) Winu project and is northwest of the large Metal X (MLX) Nifty copper mine. Previous rock chip samples returned grades of up to 28.7 per cent copper at surface.


Listing date ... 5 July 2021 #
Contact details .... https://www.askarimetals.com/
Principal Activities ... Askari Metals Limited acquires, explores and develops highgrade copper and gold projects in WA and NSW.

Issue Price .... $0.20
Issue Type .... Ordinary Fully Paid Shares
Security code .... AS2
Capital to be Raised ....... $6,000,000
Expected offer close date ..... 3 June 2021
Underwriter ........... Not underwritten. Peak Asset Management Pty Ltd (Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jun 5 2021, 05:37 PM


Group: Member
Posts: 9,139

The copper price hit an all time high of $US10,724 a tonne in May, notching an over 35 per cent gain since the start of the year. In the first week of June, it is still up nearly 26 per cent, hovering just below $US10,000 a tonne.

Sam Spring, former Goldman Sachs analyst and now CEO of newly listed small cap copper explorer Kincora Copper KCC, told Stockhead the supply side for copper, and risk of a supply side shock after recent years of relatively limited disruptions, continued to be in focus given the already tight market.

He said this was illustrated by current TC/ RCs (copper concentrate treatment and refining charges) and inventory levels.
QUOTE
At the moment there is a query over copper exports from the DRC, strikes at BHPs Escondida and Spence copper mines in Chile, a bill to ratchet up royalties in Chile ahead of a general election in November and a similar narrative in many other jurisdictions which are either important sources of new copper supply or existing production, he explained.

To put the Chilean bill into context, a recent note from Goldmans estimated, if unaltered, the live bill could put at risk some 1 million tonnes of annual output, representing around 4 per cent of global copper supply, at a time where Codelco is in the early stages of $35 billion of spending until 2030 to more or less keep its existing production profile just flat.

Spring said elections and COVID driven impacts on state budgets were also at play in Peru, which accounts for around 13 per cent of global copper supply.

https://stockhead.com.au/resources/heres-wh...-reach-us33000/
  Forum: Macro Factors

nipper
Posted on: Jun 5 2021, 05:32 PM


Group: Member
Posts: 9,139

Kincora Copper debuted at the end of March following a heavily subscribed IPO. After initially targeting $8m, the company quickly upped this to $10m and received bids for many multiples of that from recognised local/ international specialist resources funds, family offices and retail investors.

Kincora has multiple drill rigs at work on its flagship Trundle project in NSWs prolific Lachlan Fold Belt. Initial drilling activities began in April last year at Trundle, which shares the same mineralised system as the Northparkes mine , Australia's second largest porphyry mine hosting 4.5 million tonnes of copper and 5.5 million oz of gold.

Kincora shares are up 50 per cent on its 20c IPO price.
  Forum: By Share Code

nipper
Posted on: Jun 5 2021, 05:29 PM


Group: Member
Posts: 9,139

Cohiba Minerals (ASX:CHK) has been busy making headlines next door to mining giant BHP in the SA Gawler Craton .... a pretty good place to be if you want to make a new iron oxide copper gold (IOCG) discovery.

The company is undertaking a multimillion dollar exploration campaign, including drilling up to 19,000m, after drilling at its Horse Well prospect in March encountered rock types typical of an IOCG environment and returned high grades of up to 12.15 per cent copper.

Cohiba has uncovered multiple targets in close proximity to BHPs giant Olympic Dam mine and OZ Minerals (OZL) $1bn Carrapateena copper gold mine.

Chairman Mordechai Benedikt has been progressively building his stake in the junior copper explorer, adding another 5 million shares to his portfolio in May. He became a substantial shareholder back in January.

The stock has more than doubled since July last year and is currently trading at around 2c.
  Forum: By Share Code

nipper
Posted on: Jun 5 2021, 05:24 PM


Group: Member
Posts: 9,139

Peak Minerals (ASX: PUA), meanwhile, has gone on a bit of a run after it locked in a deal to acquire a bunch of exploration tenements in WA prospective for big copper deposits.

The acquisition gives Peak control over a significant ground position in an underexplored region that has shown similarities to OZ Minerals OZL Succoth copper and Nebo Babel nickel copper prospects in the Musgrave Province of Western Australia.

Previous explorers have been impeded by a fragmented tenement holding, principal geologist Barbara Duggan says.

QUOTE
The significance of acquiring the greater Copper Hills project is being able to systematically explore in a large area with known copper mineralisation, Duggan says.

Over the coming months Peak plans to undertake an extensive field based exploration program consisting of gravity, EM and drilling programs.

Shares rallied 28 per cent to 2.3c this week.
  Forum: By Share Code

nipper
Posted on: Jun 5 2021, 05:23 PM


Group: Member
Posts: 9,139

QML has 100 per cent ownership of four advanced copper gold projects in Queensland, spanning 978sqkm, which includes the high grade historic Mt Chalmers copper gold mine.

Mt Chalmers was mined sporadically between 1898 and 1982, producing 1.24 million tonnes at 2 per cent copper, 3.6 grams per tonne (g/t) gold and 19g/t silver. No mining has been undertaken since 1982, but there's still plenty of exploration upside.

QMines has already delivered an initial JORC 2012 compliant inferred resource of 3.9 million tonnes at 1.15 per cent copper, 0.81g/t gold and 8.4g/t silver (which combined is 1.87 per cent copper equivalent), and is undertaking between 32,000m and 62,000m of drilling over the next two years.


Shares have climbed over 33 per cent since its IPO to trade at 40c currently.
  Forum: By Share Code

nipper
Posted on: Jun 5 2021, 01:02 PM


Group: Member
Posts: 9,139

There is guarded optimism about future strength in the nickel price from a just released study from Fitch ratings.

Fitch Solutions (which last month released am upbeat report on iron ore) said this week it expects nickel prices to continue rising slowly as the world market continues to see a deficit in supply.

As a result, Fitch Solutions has lifted its long term nickel price outlook from $US15,750 a tonne to $US16,500 per tonne for 2021.

Three month nickel on the LME ended above $US18,100 a tonne (= $8 a pound) on Wednesday before easing Friday to $US17,972 a tonne.

Fitch says nickel prices are expected to continue to ease from present spot levels in the coming months, as demand from the steel sector stabilises and new nickel production ramps up....


https://www.sharecafe.com.au/2021/06/04/jus...e-stuff-really/
  Forum: Macro Factors

nipper
Posted on: Jun 5 2021, 12:20 PM


Group: Member
Posts: 9,139

The oil industry looks set for a hugely profitable but accelerated decline towards extinction, as mounting climate pressures constrain the supply of capital needed for investment, driving up prices and cash flows for producers.

That is the theory gaining traction in the market after a landmark few months that have ramped up the forces behind the transition to low carbon energy beyond anyone's expectations.

An energy analyst says the perversity for oil markets is that the forces of the energy transition will have a far more profound impact on the supply side than on demand for a number of years.

Respected consultancy FACTS Global Energy estimates global oil demand will still increase by 9 million to 10 million barrels per day from 2019 levels by the time it peaks in the mid 2030s, then declining by just 7 million barrels a day by 2050.

QUOTE
While net zero 2050 is an admirable aspiration, oil is not going anywhere


The analysts note that capital spending on upstream oil and gas production has in the past always been strongly correlated to changes in the oil price the year before, so the gains in oil prices so far this year should point to spending jumping by more than 30 per cent in 2022.

But nothing like that is expected to eventuate given changing corporate priorities, with international integrated oil companies leaning towards returning cash, paying down debt and directing capital to the energy transition, while upstream producers are focusing on strengthening their balance sheets given the question marks around long-term access to external capital, they said.

  Forum: Macro Factors

nipper
Posted on: Jun 5 2021, 09:42 AM


Group: Member
Posts: 9,139

SC has an article on PayGroup, with the CEO
https://www.sharecafe.com.au/2021/06/04/pay...tpace-pandemic/
QUOTE
The highlight of the ... FY21 result was a breakthrough to positive full year EBITDA of $1.6 million, improving $2.2 million on the figure for FY20, driven by revenue growth, increased cost efficiencies, and enhanced operating leverage.

PayGroup operates a Software as a Service (SaaS) payroll and HCM (human capital management) platform aimed at Asia Pacific businesses. The company handles payroll and human resource services for more than 2,100 customers (1,100 companies and organisations) in 41 countries, across the Asia Pacific region. In FY21, PayGroup handled more than 5.4 million payslips, the bulk of its more than 6 million transactions.
It is business process outsourcing, but in particular, it is solving a pain point for multinational corporations. As these grow across multiple jurisdictions, payroll becomes a complex and costly jumble of different tax laws, reporting obligations, languages, currencies, time zones, and even banking hours, making it hard to streamline processes and manage them accurately. PayGroup's solutions do this for them....
  Forum: By Share Code

nipper
Posted on: Jun 4 2021, 08:56 PM


Group: Member
Posts: 9,139

(not even sure if an entity called Beta Pharmceuticals ever made it to market)

Listing in early 2017 and now qith a market cap of $430million is Bigtincan Holdings Limited (BTH), which provides integrated, online platform called Bigtincan Hub, a powerful, intelligent, collaborative and secure solution that automatically delivers the most relevant content to the right users directly, across any device and any network.


Not sure what it really does, but it is B2B SaaS i.e. Business to Business Software as a Service. From the BTH site,
QUOTE
Bigtincan is one of the fastest growing B2B SaaS companies in the Sales Enablement industry.

Bigtincan Hub is a secure, artificial intelligence powered solution for mobile workforces that enables sales and service organisations and their employees to better engage and win with customers. Bigtincan customers are located in over 50 countries and operate in diverse industries and market segments. Bigtincan has 300 paying customers with 150,000 users.


How BTH collects data
Content Engagement ... e.g. time on page level
User data .... internal and external
Training data .... skills, courses, etc.
Content Automation Rules .... compliance data
CRM Integration data
Customer data ingestion
Data from Models and analytics

2017: Contondo Acquisition adding AI and Data Science technology and Israeli development team
2018: Acquired Zunos for mobile first learning/training/onboarding and FatStax for vertical strength in Manufacturing
2019: Acquired Veelo, Asdeq & XINN to bring strength in Financial services, document automation and forms technology
Raised $20m in September 2019 and $42.5m in May 2020
  Forum: By Share Code

nipper
Posted on: Jun 4 2021, 11:32 AM


Group: Member
Posts: 9,139

LIT is pivoting
QUOTE
Lithium Australia aims to ensure an ethical and sustainable supply of energy metals to the battery industry (enhancing energy security in the process) by creating a circular battery economy. The recycling of old lithium-ion batteries to new is intrinsic to this plan.


While rationalising its portfolio of lithium projects/alliances, the Company continues with R&D on its proprietary extraction processes for the conversion of all lithium silicates (including mine waste), and of unused fines from spodumene processing, to lithium chemicals. From those chemicals, Lithium Australia plans to produce advanced components for the battery industry globally, and for stationary energy storage systems within Australia. By uniting resources and innovation, the Company seeks to vertically integrate lithium extraction, processing and recycling.

The rationalising of its portfolio of lithium projects/alliances....


GLN taking up 80% of Greenbushes South....

Offloading other projects into Charger Metals, which will likely IPO in Sept 2021
1) the Coates project in the highly prospective Western Yilgarn nickel/ copper/platinum group elements belt, close to Chalice Mining Ltd's Julimar discovery in Western Australia;
2) the Lake Johnston project, near Southern Cross in Western Australia, prospective for lithium, gold and nickel; and
3) the Bynoe project, near Darwin in the Northern Territory, prospective for lithium and gold.
  • Lithium Australia shareholders to be offered a priority allocation in the Charger IPO.
  Forum: By Share Code

nipper
Posted on: Jun 4 2021, 11:06 AM


Group: Member
Posts: 9,139

hi eb . I came across this , which is amusing and sadly too true

QUOTE
The RMB can appreciate or depreciate. No one can accurately predict the exchange rate. No matter if it is short term or long term it is certain that predictions of the exchange rate will not be accurate.

No matter if it is the government, institutions, or individuals, all should avoid being misled by predictions.


Amusingly enough the author, the Peoples Bank of China, then went on to predict that the exchange rate would be stable.
  Forum: Macro Factors

nipper
Posted on: Jun 4 2021, 10:47 AM


Group: Member
Posts: 9,139

1414 Degrees Limited (14D) is a designer and developer of Thermal Energy Storage Systems that utilise the energy density of molten silicon to maximize efficiency. Its technology uses renewable electricity or biogas to provide combined heat and power solutions for consumers while stabilising electricity grids. The Company operates entirely within Australia.


.Listed late 2018... Market cap about $30M

.CEO given notice, interim Board changes.... the usual shuffle when goals are not being kicked
  Forum: By Share Code

nipper
Posted on: Jun 4 2021, 09:46 AM


Group: Member
Posts: 9,139

From the May NTA statement, out yesterday:
QUOTE
As first signalled at the AGM in October 2020, a small part of our funds, $45 million (which represents approximately 0.52 per cent of the portfolio) has been invested into a diversified global equities portfolio during May. This consists of what we have assessed as high quality companies with strong competitive advantage, good growth potential and across a broad range of industries.

AFI had mentioned in last October their intention to look at setting up an International LIC. This may be the first step, both to assess and perhaps to hold and move into said vehicle as seed holdings?
  Forum: By Share Code

nipper
Posted on: Jun 3 2021, 08:47 PM


Group: Member
Posts: 9,139

Wesfarmers said sales had fallen at some of its retail businesses and growth had slowed at others as they cycled a boom in spending on hardware, technology and homewares at the height of the pandemic last year.
QUOTE
Year on year sales growth had generally moderated and been negative in some months for some businesses, due to elevated activity in the prior year, the company said in a high level trading update released at its annual strategy day on Thursday.
Online growth had moderated as customers returned to bricks and mortar stores and online penetration, ecommerce sales as a percentage of total sales, had fallen but remained above pre COVID levels. For example, Bunnings online penetration had dropped below 2 per cent from 3.1 per cent at the end of December, while gross transaction values at Catch Group had been negative in recent months.

Wesfarmers chief executive Rob Scott did not provide sales figures and did not elaborate on the performance of individual businesses, saying only that the group was experiencing significant volatility in monthly sales results.
.................................xx................xx...............x.x.x.x.....
..........xxx....

Rob Scott was confident about the group prospects for growth and happy about the quality of its portfolio following the demerger of Coles, the sale of coal and other assets, derisking Target by closing stores and slashing its cost base, and the restructure of industrial and safety supplier Blackwoods.
QUOTE
We think we have a phenomenal mix of businesses that represent a unique balance between defensiveness and high cash generation and good growth perspectives, he said.

Mr Scott and chief financial officer Anthony Gianotti hinted that Wesfarmers, which is cashed up after selling two thirds of its 15 per cent stake in Coles for more than $2 billion, was closer to returning surplus capital to shareholders, saying they were evaluating options to right size the balance sheet and get capital back to investors.
QUOTE
I have consistently said it is unlikely we'll go out and do a really big acquisition, because often big acquisitions are very expensive and not in the best interests of shareholders, Mr Scott told the Financial Review.
In terms of right sizing the balance sheet, we acknowledge that we have plenty of capacity at the moment. We're also not sitting on surplus franking credits, so if we were to get cash back to shareholders in a tax effective way we would need to consider a capital return which would require Tax Office approval and shareholder approval and those things take time.
  Forum: By Share Code

nipper
Posted on: Jun 3 2021, 06:49 PM


Group: Member
Posts: 9,139

and pushing on .... > $9 a share

Julimar is the benchmark reference that all other WA explorers aspire to. PGE ./. copper ./. cobalt ./. nickel ./. copper ./. gold.
I have seen presentations hoping to reference a bit of Yilgarn Craton magic, by inferring their geology, within 250 km of Julimar, exhibits the same characteristics!!
QUOTE
Yilgarn Craton is primarily composed of approximately 2.8 billion year old (~2.8 Ga) granite gneiss metamorphic terrain (the Southwestern Province and Western Gneiss Belt), and three granite greenstone terrains (the North-East Goldfields, the Southern Cross and the greenschist metamorphic Murchison Provinces). Some greenstone belts and granites are as old as 3.1-2.9 Ga, and some are younger, at ~2.75-2.65 Ga.
  Forum: By Share Code

nipper
Posted on: Jun 3 2021, 06:36 PM


Group: Member
Posts: 9,139

first lift for Beach since the downgrade of the Western Flank oil reserves in late April
QUOTE
Lower production across Cooper Basin Western Flank oil and gas assets

Five-year outlook is withdrawn and Beach will no longer provide a five-year outlook in its current form.
New production and pressure data reduces overall 2P reserves of Western Flank gas fields
Net 2P reserve downgrade of 3.2 MMboe across seven other fields within ex PEL 106 due to new production and pressure data.

and that saw a decisive 20% fall in BPT shareprice. But as always, when the oil price goes up (increasing Brent crude oil price lifted 1.5 per cent to $US71.33 a barrel as OPEC and its allies stuck to their plan to cautiously bring back supply to the markets in June and July) so does the O&G sector.
  Forum: By Share Code

nipper
Posted on: Jun 3 2021, 05:07 PM


Group: Member
Posts: 9,139

Horizon Gold Limited (HRN) is an ASX listed gold exploration and developer based in Perth, Western Australia. Current focus of the company is on exploration and development of 100% owned Gum Creek Gold Project.


Late 2016, the company sought to acquire all of the issued share capital of Panoramic Gold Pty Ltd, the 100% holder of the Gum Creek Gold Project from Panoramic Resources Limited and is simultaneously to raise $15 million in order to conduct exploration and studies on the Gum Creek Gold Project.
Still plugging away after 4+ years...... Raised $3.3 million mid 2020 and in April 2021, raised approximately $7.0 million on the basis of 1 new fully paid ordinary share for every 4.4 shares held, at an issue price of $0.35 per share.


now around 50c
  Forum: By Share Code

nipper
Posted on: Jun 3 2021, 03:41 PM


Group: Member
Posts: 9,139

Vonex in trading halt, prior to announcing a significant acquisition.
  Forum: By Share Code

nipper
Posted on: Jun 3 2021, 12:44 PM


Group: Member
Posts: 9,139

ACL has upgraded prospectus full year net profit guidance by 10 per cent to 15 per cent due to increased revenue and the improved running of the overall business. The $717 million company was listed on the ASX by former owners private equity firm Crescent Capital Partners on May 17. The firm still owns a large chunk of the listed business.

ACL said costs, not including consumables, have remained in line or below forecasts.

Full year pro forma sales are now tipped to be up 2 per cent to 3 per cent to between $657.7 million and $663.3 million for the full year to December 31, while expected EBITDA will be 5 per cent to 7 per cent higher to between $217.4 million and $222.3 million.

ACL now expects pro forma net profit after tax to be up 10 per cent to 15 per cent to between $82 million and $85.4 million.



Up 7.3 per cent to $3.81 each in early trade on Thursday morning; of course the listing price was $4.00 per share.
  Forum: By Share Code

nipper
Posted on: Jun 3 2021, 12:20 PM


Group: Member
Posts: 9,139

Elixir Petroleum (EXR)

Aug 2016 ..... company consolidated its shares 1 for 25
After long period of suspension, a binding term sheet to acquire 35,423 acres of highly prospective leases in Alaska was signed Oct 2018....but did the acquisition close in October 2018., as expected? Also signed up for Mongolian gas project Nomgon. Firm commitments have been received for a $1.65 million capital raise.
On June 4th, 2019, Elixir Petroleum Limited changed its name to Elixir Energy Limited, still EXR

Focus is on Mongolian gas, its 100% owned Nomgon IX Coal Bed Methane (CBM) Production Sharing Contract . Has extensive acreage, drilling multiple holes and there is the prospect of supplying energy to Rio which has a nearby mine.

The price rise today after announcing successful intercepts of Triassic sediments; this hole should provide provide data for a first stage production test well planned for later in the year, as the Company moves to expand its exploration and appraisal program to include multi-stage and multi-location production testing.




  Forum: By Share Code

nipper
Posted on: Jun 2 2021, 09:21 AM


Group: Member
Posts: 9,139

Alpha HPA is seeking to raise $45 million at 62¢ a share ... an 11.3 per cent discount to the last close.

Funds are to pay for construction of a precursor production facility in the Gladstone State Development Area, to place orders for the full-scale commercial HPA facility and working capital.

The raising came as Alpha HPA said it would progress plans to build the Gladstone site, and wanted to become a premium manufacturer of high-purity aluminium products to sell to lithium-ion battery makers.
  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 02:07 PM


Group: Member
Posts: 9,139

Critical Resources Ltd (CRR)


The Company and its shareholders have faced some tough times, and the 2020 Financial Year was unfortunately no different. Despite this, the Company was successfully re-instated to official quotation on the Australian Securities Exchange in November 2020, following the acquisition of the Block 4 and Block 5 copper projects in Oman.
In February 2021 significant changes were made at the Director and Executive level. These changes marked the commencement of a renewed focus by the Company on providing shareholder value through the exploration, development and advancement of their long-held NSW assets and also of our newly acquired Copper assets in Oman.


New Board members have recently completed a three-day site visit as part of the ongoing prospectivity review at our Halls Peak tenements in NSW where past drill results have intersected, near surface, high grade, massive sulphides with Zinc (Zn), Lead (Pb), Copper (Cu), Silver (Ag) and Gold (Au). Historical data indicates potentially large-scale base metal mineralisation that warrants a significant drilling program as 2016 drilling showed spectacular intersections. Historical data is also being incorporated into 3D models focussing on completing new modelling of VTEM data over deep conductors. We hope to share these results with the market shortly.

QUOTE
I assure you the Board is aligned with our shareholders and is working without impediment to test Halls Peak properly once and for all. We look forward to updating the market as this exciting project is revitalised.


The Board has also been working alongside our in-country partners in Oman to progress both the Block 4 and Block 5 tenements and whilst there has been some challenging news around Block 4, the Board is confident we can negotiate a positive outcome for all stakeholders in this matter. The Company is working towards the extension of the Block 5 tenement whilst it reviews opportunities for the commercialisation of the asset.
  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 12:24 PM


Group: Member
Posts: 9,139

currently the tie up is with Aust Defence Forces. Will it expand?

Developed in Australia for the Australian Defence Force, NDC Edge delivers a sovereign capability, built on Microsoft Azure Stack technology, that is designed to be compatible with Five Eyes nations, as well as humanitarian aid and civilian applications.

QUOTE
<h2 class="p">NATO has selected Thales to provide the first certified defence cloud solution that can be deployed in the theatre of operations in less than 24 hours.</h2> Thales was selected after a worldwide competitive tendering process.

The Nexium defence cloud will enable forces to analyse and share data in real time from the command centre to the theatre of operations, pursue their digital transformation in complete security, and accelerate the decision cycle to gain and maintain an operational advantage.

Until now, it could take several months and dozens of specialised engineers working at sites close to the combat zone to deploy the assets required. The defence cloud instead allows a small team of experts can deploy IT services and applications to locations thousands of kilometres away in just a few hours.

Nexium Defence Cloud offers configurations ranging from scalable infrastructure for command headquarters to containerised systems that transform a forward base into a new cloud node in just a few hours.

Thales says its defence cloud solution was designed to comply with the requirements of NATO's Federated Mission Networking (FMN) standard, which establishes the framework for cooperation between command-and-control networks for coalition forces.
https://www.australiandefence.com.au/defenc...o-defence-cloud
  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 12:05 PM


Group: Member
Posts: 9,139

QUOTE
Melbourne, Australia; 17 May 2021: Jayex Healthcare Limited (ASX: JHL) is pleased to announce that it has completed the divestment of the on premises Acute hospital queue management business to Canadian based medical technology company Vitalhub Inc.
hence the name change. Divestment enables Jayex to focus on core and higher-margin NHS Primary Care and Community markets and increases services offered through its SaaS based Connect platform.
DNH
  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 11:50 AM


Group: Member
Posts: 9,139

and archTIS getting a bit of buying on today's announcement
QUOTE
Thales Australia, Microsoft and Australian SMEs Myriad Technologies, archTIS and Fortifyedge have partnered to launch Nexium Defence Cloud Edge (NDC Edge), a secure Tactical cloud computing capability at the edge of the battlespace.

NDC Edge incorporates some of the best civil and commercial technologies available to provide a complete, modular, sovereign solution that enables forces to operate autonomously in the theatre of operations.
  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 10:03 AM


Group: Member
Posts: 9,139

Talga has announced the positive conclusion of its two feasibility studies into the technical and commercial prospects of a Talga Anode Refinery in the UK.


The Studies, investigating the feasibility of UK production of Talga's active battery anode products Talnode®-C and Talnode®-Si, were co-funded by Innovate UK under the UK Government’s Automotive Transformation Fund (ASX:TLG 4 November 2020).
QUOTE
Talga UK anode production would potentially deliver secure, cost-effective and sustainable active battery material for a more self sufficient UK electric vehicle industry. The Studies found it is technically and economically feasible to refine and produce Talga anodes in the UK, and identified the factors within the commercial, engineering, permitting and energy supply aspects of the project that would need to be further investigated.
.


  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 09:23 AM


Group: Member
Posts: 9,139

update on its business operations with strong growth continuing in fixed wireless subscriptions, and updates on the commercial launch of GeForce NOW cloud-based game streaming service powered by Pentanet.

INTERNET SERVICES
Active customers exceeded 12,000 in May 2021. This represents new growth of 9.2% since the Company's Q3 2021 result announced on 31 March 2021. Active Fixed Wireless subscribers have now surpassed 5,000. Of the new 1,277 customers added in the two-month period since 31 March 2021, 586 were new Fixed Wireless customers, showing further growth in the on-net run rate.

CLOUD GAMING SERVICES - GEFORCE NOW

Market interest in GeForce NOW, NVIDIA's premiere cloud-based game streaming service powered by Pentanet, continues to exceed initial expectations. As per the Company's announcement on 26 February 2021, an expanded hardware order was placed with NVIDIA for 18 RTX game servers (up from 12 servers). Given the increased size of the initial pilot deployment, Pentanet and NVIDIA will soon confirm a new commercial launch date extending beyond 31 May 2021. With current registrations of interest now exceeding 45,000, Pentanet has shifted focus from pre-marketing to beta play and national release. Based on the existing level of user interest, the Company's intended pilot program is expected to be oversubscribed.

ESPORTS - PENTANET.GG

Pentanet.GG (PGG), the Company's esports arm, continues to successfully build awareness of gaming and esports in the Australian ecosphere. PGG made history as the first Australian esports team to progress past the Group stages in an international League of Legends tournament, placing sixth in the world at the recent Mid-Season Invitational tournament in Iceland.
  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 08:58 AM


Group: Member
Posts: 9,139

Invion Limited (IVX) is involved in the development of the Photosoft technology for the treatment of a range of cancers. Invion holds the Australia and New Zealand license and distribution rights to the Photosoft technology. Research and clinical trials are funded by the technology licensor, RMW Cho Group, via an R&D services agreement with the Company.

QUOTE
In accordance with Listing Rule 17.1, the Company advises that: the trading halt is requested pending an announcement in relation to a proposed placement and subsequent investment by Invion for development of certain technology (Transaction)

  Forum: By Share Code

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


Group: Member
Posts: 9,139

On 01 June, 2021, Jayex Healthcare Limited (JHL) changed its name and ASX code to Jayex Technology Limited (JTL).

  Forum: By Share Code

nipper
Posted on: Jun 1 2021, 08:36 AM


Group: Member
Posts: 9,139

Force Commodities up from 1.5c to 3.5c in the second half of May. Volume was well above average on both days and increasing with 16 million shares traded yesterday and 34 million shares traded today.

QUOTE
The ASX issued a Price and Volume Query but the company says it has no idea what is causing the unusual trading in its securities and didn't even speculate as to possible reasons. There has been no news at all from the company during May, so the increased trading volume and share price over the last couple of days does remain a mystery, at least for now.
... and then,...... a bit of repositioning. Change of direction?


On 01 June, 2021, Force Commodities Limited (4CE) changed its name and ASX code to Critical Resources Limited (CRR).

  Forum: By Share Code

nipper
Posted on: May 31 2021, 07:30 PM


Group: Member
Posts: 9,139

During the past three years, the Namibian Entities in which Arcadia Minerals Ltd (AM7) is acquiring an interest have advanced four exploration projects through ongoing exploration and studies. Ranked in order of development stage, these projects include:

(a) the Swanson Project – prospective for tantalum and lithium;
(b) the Kum-Kum Project - prospective for nickel, copper and platinum group elements;
© the Karibib Project - prospective for copper and gold; and
(d) the Bitterwasser Project - prospective for lithium-in-brines and lithium-in-clays.

Upon listing on the ASX, Arcadia's primary focus will be continued exploration of the Swanson Project, including completion of a feasibility study.

The Company also plans to advance the exploration of the Kum-Kum, Karibib and Bitterwasser Projects and seek to investigate additional exploration opportunities within Namibia which may present themselves from time to time.


Arcadia Minerals Limited - 4 June 2021 12:00PM AEST ##


Listing date 4 June 2021 12:00PM AEST ##
Contact details http://arcadiaminerals.global/ Ph: 08 6158 9990
Principal Activities Mining Exploration
GICS industry group TBA
Issue Price $0.20
Issue Type Chess Depository Interests
Security code AM7
Capital to be Raised $6,400,000
Expected offer close date 14 May 2021
Underwriter ..This offer is not underwritten. CPS Capital Group Pty Ltd (Lead Manager)
  Forum: By Share Code

nipper
Posted on: May 31 2021, 03:56 PM


Group: Member
Posts: 9,139

early days ... had a bit of a run up then retreat , but still ahead 10% on the day.


New prospect
QUOTE
outstanding results from its first program of power auger drilling and rock chip sampling at its Koundian Project, 115km ENE of the Company's flagship Bankan Project, and part of Predictive's extensive Guinea landholdings .

HIGHLIGHTS
Power auger drilling from the Koundian Project has returned shallow high grade gold along a corridor of interpreted NE orientated structures:
• 6m @ 32.0g/t Au from 4m (to EOH), incl. 4m @ 45.0g/t Au from 4m (KDNAU0473)
• 6m @ 9.8g/t Au from 4m (to EOH) (KDNAU0406)
• 6m @ 1.3g/t Au from 4m (to EOH) (KDNAU0546)

and raised $26M earlier in the month to fund 110,000m of drilling in their Guinea tenements
12 months' drilling since discovery has delineated a very substantial and expanding gold system at NE Bankan. The raising accelerates resource definition drilling, and immediate testing of nine high order near-regional targets.
  Forum: By Share Code

nipper
Posted on: May 31 2021, 03:03 PM


Group: Member
Posts: 9,139

share price is up 13% today to 1.7c .... Today they have reported encouraging trench sampling results from the Kimono gold prospect in PNG.


15 metres at 13.89 g/t Au is pretty good, even for a surface trench.

FNT had $3.3 million in cash at the end of the last quarter so they probably won't need to raise any capital this year. They only spent $210,000 in the last quarter so they aren't burning through a lot of cash.

Definitely flying under the radar .... Market cap is currently $7.5 million.
  Forum: By Share Code

nipper
Posted on: May 31 2021, 11:34 AM


Group: Member
Posts: 9,139

Prominence Energy NL (PRM), formerly Sun Resources NL, was/ is an Australian based company that engaged in oil and gas exploration and production with main focus on the projects in the South Texas Gulf Coast, the United States of America. Prominence teamed up with Pinnacle Exploration Ltd, a Singapore unlisted public company, which has extensive experience in the area.

Today PRM announced that they have raised $3.2 million to get into the green hydrogen industry via a 20% investment in Patriot Hydrogen Pty Ltd for a consideration of 25 million PRM shares, $250,000, and 3 million PRMOB options.


60 million shares traded and up 60%
  Forum: By Share Code

nipper
Posted on: May 31 2021, 11:29 AM


Group: Member
Posts: 9,139

Plentex (PRM) ... ASX policy is to automatically remove from the official list any entity whose securities have been suspended from trading for a continuous period of 3 years .... and this happened in Dec 2015

A company called Sun Resources NL (SUN) took over the PRM shell and got the old Suncorp Metway code; it tried to make a go of it in the shale oil sector wildcatting in Eagle Ford and other Texas field. This iteration doesn't even make it to delisted.com

then Nov 2019, Sun Resources NL (SUN) changed its name and ASX code to Prominence Energy NL (PRM)
  Forum: By Share Code

nipper
Posted on: May 31 2021, 11:17 AM


Group: Member
Posts: 9,139

and whoopsy daisy .... drop another 15% and settling around $2.80
QUOTE
Nuix has downgraded its financial year 2021 revenue targets for the second time in two months, adding fresh pressure to its share price after a sharp drop over the past few weeks.

Nuix anticipates revenue for the year to June 30 of $173 million to $182 million, down from a forecast in April of $180 million to $185 million.

The company said the outlook for earnings before interest and tax would remain the same, but its annualised contract value would also fall, and is forecast to slip to $165 million to $172 million, down from prior guidance of $168 million to $177 million.

  Forum: By Share Code

nipper
Posted on: May 31 2021, 11:13 AM


Group: Member
Posts: 9,139

Actinogen Medical Limited (ACW), formerly Actinogen Limited, is an ASX listed biotechnology company developing innovative treatments for Alzheimer's disease and the cognitive decline associated with neurodegenerative diseases and metabolic diseases, like Type 2 diabetes. It focusses on the development of Xanamem, a novel treatment for Alzheimer's disease and the cognitive deficiency associated with other neurological and metabolic diseases within Australia.


... going for a bit of a run since mid March.... moribund and around 2c to 11.5c today
  Forum: By Share Code

nipper
Posted on: May 31 2021, 10:59 AM


Group: Member
Posts: 9,139

If it holds above the issue price .... which is looking likely ... then scaleback is also likely. Punters and scalpers will pile in?



As a way to get oversubcription paid electronically rather than cheque (with attendant delays) its a good idea to lodge bank details with the share registry Automic asap
  Forum: By Share Code

nipper
Posted on: May 31 2021, 10:38 AM


Group: Member
Posts: 9,139


A global Inferred Mineral Resource of 207 million tonnes of kaolinised granite has been estimated, comprising two separate domains:
• 123 million tonnes of bright white kaolin-bearing material; and
• 84 million tonnes of kaolin/halloysite-bearing material.

• The halloysite sub-domain yields 50Mt grading 6% halloysite using 1% halloysite cutoff, or 27Mt grading 8% halloysite using a 5% halloysite cut-off within the minus 45micron (-45 µm) subfraction. •

QUOTE
We are thrilled to have identified this globally significant kaolin-halloysite resource within only 18 months since acquiring the Noombenberry Project. It really puts us on the map in this emerging sector and provides a remarkable opportunity to potentially push Latin from explorer to producer within a brief period. We look forward to commencing the next round of drilling in July, which will have a dual focus of both uplifting the current resources to Indicated or Measured status, and resource growth.
  Forum: By Share Code

nipper
Posted on: May 31 2021, 10:03 AM


Group: Member
Posts: 9,139

Placement of $10 million at 12.5c, with a $5M SPP to follow.
  Forum: By Share Code

nipper
Posted on: May 31 2021, 09:18 AM


Group: Member
Posts: 9,139

Australian Rare Earths Limited (AR3) is a company focused on Ionic Clay hosted rare earths resource opportunities in South Australia and Victoria. The Company currently holds one granted exploration licence (EL) in South Australia and one granted EL in Victoria, and is the applicant for three further South Australian exploration licences.

The Company’s primary focus is our 100%-owned Koppamurra Project, a district scale ionic clay rare earth opportunity located in South Australia and Victoria containing a high value REE assemblage with low radioactivity. The Company has already had significant exploration success through the discovery of the Red Tail and Yellow Tail deposits, including the declaration of a maiden Mineral Resource the grade of which is comparable with those found in southern China, the major source of heavy rare earths.

The success of the Company’s first drilling campaign, incorporating aircore, auger and push-tube core techniques, was obtained from drilling of less than 5% of the Project area.

It is anticipated that AR3 will list on the ASX during June 2021.

Listing date 25 June 2021 #
Contact details http://www.ar3.com.au/

Principal Activities Rare earths exploration and development

Issue Price $0.30
Issue Type Ordinary Fully Paid Shares
Security code AR3
Capital to be Raised $12,000,000
Expected offer close date 4 June 2021
Underwriter Not underwritten. Taylor Collison Limited (Lead Manager)






  Forum: By Share Code

nipper
Posted on: May 31 2021, 08:39 AM


Group: Member
Posts: 9,139

it has been a fast moving game; climaxed on the weekend
QUOTE
Link Administration has forced the hand of its two remaining suitors (who are really after the PEXA online conveyancing business) that the chase if off and PEXA will be floated on the ASX in a $3.3 billion issue.

KKR and Domain had given Link until 5pm Sunday to decide whether to accept the $3.1 billion proposal. Link called their bluff and put together the float, which also effectively ended the company's review of how to deal with PEXA – sell it to private equity, float it or keep it.

The news will see Link shares rise as punters climb into the stock in the belief there could be more bids emerging.

Link shares rose 5% on Friday to $5.45 in the wake of the late Thursday evening surprise announcement from KKR and Domain.

Link is PEXA's biggest shareholder with 44% and since US buyout group, KKR, and Nine Entertainment's real estate listing arm, Domain emerged late last week with a surprise $3.1 billion (including an unknown amount of debt and $136 million in cash), there have been hectic negotiations in Sydney-based lawyers and investment banks to put together a float commitment from big investors.

Saturday saw the funding sorted out and the $3.3 billion deal turned into a float proposal that will take up to a month to knock into shape and lodge for clearance.

Yesterday Link has told KKR and a second interested party, Canadian group Dye & Durham – that the trade sale process has ended.

PEXA's owners – Link, Morgan Stanley Infrastructure Partners and the Commonwealth Bank will now organise a prospectus for listing on the ASX by the end of that month.

The $3.3 billion valuation, and the $1.18 billion IPO raising, will make it the biggest float since 2019 by either measure.

Most of the $1.18 billion will go to Morgan Stanley Infrastructure Partners, which has agreed to sell its entire 40% stake. That will see Link increase its 44.2% holding slightly as it exchanges shareholder loans for more PEXA shares.

The Commonwealth Bank is also expected to acquire shares in the IPO process to lift its stake above 15.8%.

Around $200 million from the raising is expected to go to PEXA to finance its expansion offshore, once it has its local operations sorted out and in place.

Link shareholders though remain the beneficiaries because with the company still holding a big stake, it will remain a target for potential bidders.

That in turn makes the CBA stake of around 16% vital. Buying that and shares in the market would give a would-be-suitor a firm stake to launch a full bid for PEXA or to pressure Link.

Link's position will remain volatile until control of PEXA is sorted out once and for all.
https://www.sharecafe.com.au/2021/05/30/dis...rom-the-bourse/

A statement from Link to the ASX is expected before the market opens Monday morning at 10am
  Forum: By Share Code

nipper
Posted on: May 30 2021, 02:34 PM


Group: Member
Posts: 9,139

came across both allusive and elusive in an article:
QUOTE
These days he occupies a similar position in the pantheon of Western pop music as Picasso does in art. His allusive lyrics, spanning low and high culture – from hepcat slang to Shakespeare – expanded the vocabulary of pop songs to the furthest limit. Both writing and performing his material, he enacted a break with the Tin Pan Alley model of hired songwriters producing hits for singers. Rock music, with its valuing of self-authorship and freedom, has roots in Dylan’s move in 1965 from acoustic folk to electrically amplified songs.

Yet for all his achievements and acclaim, including the Nobel Prize for literature, Dylan still has the capacity, and the urge, to catch his public unaware. There is no resting on laurels from him, no loafing about on crowded sidewalks. He wants to be at once canonical and elusive. As he told a newspaper interviewer in 1984: “I don’t think I’m gonna be really understood until maybe 100 years from now.”

If the riddle will finally be cracked in 2084, like one of those esoteric mathematical puzzles for which million-dollar prizes are offered, then it will mark the end of a vast profusion of exegesis, speculation and pedantry.

are you still awake there?

https://www.afr.com/life-and-luxury/arts-an...20210525-p57v04

  Forum: Off Topic Chat

nipper
Posted on: May 29 2021, 02:44 PM


Group: Member
Posts: 9,139

Eighteen months ago, Spirit Telecom (ASX: ST1) offered only high-speed fixed wireless internet, which transpired to be a hiding to nothing as it competed against the monolithic National Broadband Network (NBN).

Now known as Spirit Technology Solutions the company has undergone an acquisition and organic sales-fuelled metamorphosis, selling an array of I.T. and telco add-on services to small to mid-sized business, enterprise and not-for-profit clients.

https://www.sharecafe.com.au/2021/05/28/acq...ech-incumbents/

These days Spirit's client base includes more than 10,000 small businesses and several hundred larger enterprises, essential service providers and many of Sydney and Melbourne's top private schools.

The company sells via a combination of direct and wholesale channels as well as resellers and 'white label' arrangements (by which the client sells Spirit products under its own name).


..... as the company beds down Nexgen it's also put its legacy consumer infrastructure business on the market.

Accounting firm BDO is carrying out a formal sales process for the business, which provides high-speed internet for thousands of residential customers in apartment buildings in Melbourne, Brisbane and the Gold Coast.

A result is expected by the end of August.

CEO Sol Lukatsky says the market will determine the sales price, but notes that at least 20 parties have expressed interest in the difficult-to-replicate assets.

QUOTE
The market for those consumer infrastructure plays is really hot, he says. The market will dictate the best price and we will take the best price.
.
Lukatsky says as many of Spirit's and Nexgen's customers have only one service, there's a big opportunity to increase this to two to three offerings.

Cross selling efforts will be bolstered when Nexgen starts selling Spirit's IT and cyber security products later this year.

Lukatsky says Spirit "would have gone backwards" if it had remained an internet only business, given the tumbling cost of data and the difficulty of competing with the government subsidised NBN.
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nipper
Posted on: May 29 2021, 11:27 AM


Group: Member
Posts: 9,139

Prospech Limited (PRS) is a minerals exploration company focused on gold and silver exploration in Slovakia. In December 2014, the Company entered into a Term Sheet with EMED Mining Public Limited (now renamed Atalaya Mining plc).
Raised money at 20c a share and floated on ASX in Dec 2020. Market cap of $12M

Prospech owns 100% of 204km² of prospective, under explored gold and silver exploration licences• Located in the Tethyan magmatic arc in Slovakia
• One of the most prolific global metal belts
• Member of the EU and Eurozone - an attractive jurisdiction for foreign investment
Hodrusa-Hamre
• Multi-million ounce potential – historic production 2.4 Moz Au and 120 Moz Ag
• Covers majority of the caldera of the Neogene-aged Stiavnica Stratovolcano
• 120 known epithermal veins some reaching up to 6 kilometres
• Significant geological breakthrough – high grade operating Rozalia Mine mineralisation controlled by a Low Angle Normal Fault, which is mainly on Prospech’s licence
• Bauch, Ignac (on the LANF) upcoming drilling planned
Mix of brownfields and greenfields drill ready targets
• Brownfields: drill ready targets under and along strike of historical high-grade workings (Schopfer, Bauch, Ignac)
• Greenfields: drilling to target recent surface visible gold silver discoveries (Zemplin, Nova Bana, Pukanec)

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nipper
Posted on: May 29 2021, 11:02 AM


Group: Member
Posts: 9,139

Over the Wire Holdings Limited (ASX: OTW) is an ASX listed telecommunications, cloud and IT solutions provider that has a national network with points of presence in all major Australian capital cities and Auckland, NZ. The company offers an integrated suite of products and services to business customers including Data Networks and Internet, Voice, Data Centre co-location, Cloud and Managed Services.


Over the Wire Holdings Limited companies include Over the Wire, NetSIP, Faktortel, Sanity Technology, Telarus, VPN Solutions, Access Digital Networks, Comlinx, Zintel Communications and Fonebox.


Based in Brisbane, OTW listed in late 2015 at $1.00 a share and now has a market cap close to $300 million. Like many second tier telcos, the pathway has to grow the service offering to customers, with organic growth and acquisition.
Revenues have grown for each of the last 5 years, with margins holding close to 20x. Earnings have grown though 2020 saw a dip; dividends has been paid regularly, though the yield is less than 0.5%.

In Aug 2020, it acquired two inbound voice provider businesses (from J2 Global) with 9,000+ customers and is on track to be the 7th operator of a national voice network.

In Oct 2020, a capital raise of $25million enabled the acuisition of Digital Sense Holdings, a Qld based cloud business that provides a customisable and scalable cloud offering to Enterprise and Government customers.

Strategic Rationale

• Acquisition of a leading Sovereign Cloud platform provider in Australia delivering proven solutions to the Enterprise and Government markets
• Introduces further solution capability in the areas of Infrastructure as a Service, Desktop as a Service, Storage as a Service and Data Protection as a Service • Extensive Cloud offering offers cross sell opportunities to existing Over the Wire customers and offers cross sell opportunities of Over the Wire solutions to Digital Sense customers
• Digital Sense accelerates Over the Wire’s growth and capability in our Cloud Solution pillar, resulting in further diversification of revenue across each of the Cloud. Connect. Collaborate. pillars
• Leverage Over the Wire’s existing national network to take Digital Sense’s offering national
• Strengthens Over the Wire’s ability to provide a complete and integrated solution set to Enterprise and Government customers across their data, voice and cloud requirements
• High quality management team committed to long term success
• High levels of recurring revenue with strong margins
• EBITDA and EPS accretive transaction


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nipper
Posted on: May 28 2021, 04:01 PM


Group: Member
Posts: 9,139

long time since I had a look at Imdex .... and to my detriment, it would seem

IMDEX is a leading Mining/ Tech company, which enables successful and cost effective operations from exploration to production. The Company develops drilling optimisation products and cloud-connected sensors to improve the process of identifying and extracting mineral resources for drilling contractors and resource companies globally.
Definitely it has moved away from the old days of supplying drilling mud and other rig services. The transformation has been in train since 2015. From a 1H20 conference call:


Positioned to deliver attractive returns
IMDEX has a strong financial platform generating recurring revenue, strong cash flow from operations and increasing shareholder returns;
• We are outperforming market growth, largely due to our continued investment in R&D to deliver market leading technologies;
• We are expanding market share and margins, driven by an unrivalled range of technologies and the benefits of being the first mover to cloud-enabled instruments;
• We are building sustainable revenue and earnings growth – generated by our core business and via product and market extension;
• IMDEX is an established global company with an ability to leverage our extensive client network and achieve economies of scale; and
• We have a strong and disciplined leadership team with a successful track record of developing and commercialising technologies
.

Closing comments
IMDEX's core business is performing well and through the introduction of a number of new, patent protected technologies, the Company is poised to deliver substantial growth in revenue and earnings in the coming years.
and in the depths of Civd, a corporate action:
QUOTE
Every mine in the world makes decisions on the four components of rock knowledge : location, texture, grade and mineralogy.
Imdex's technology stack currently addresses three of these components and aiSIRIS satisfies the fourth ... mineralogy.

first developed in 2013, Artificial Intelligence Spectral InfraRed Interpretation System is in its third generation SaaS form

Auspec already cash flow positive 4 years but won't become earnings accretive for IMD till year 2 or 3.

The market for the acquired aiSIRIS technology will suddenly expand through Imdex's global network as an integrated part of Imdex's service. Development of aiSIRIS should forge ahead with collaboration between the two staffs and Imdex's greater capital capacity.

Key Acquisition Benefits for IMDEX

• aiSIRIS is a unique industry leading low-touch SaaS product with high barriers to entry;
• As a SaaS product, aiSIRIS delivers premium gross margins consistent with IMDEX's strategy;
• aiSIRIS is a proven product ready to be scaled via IMDEX's global distribution network;
• AusSpec co-founder Dr Sasha Pontual is the world-leading spectral mineralogy expert who has built an extensive spectral library over the past five years. Dr Pontual and other AusSpec personnel will join the IMDEX team;
• AusSpec enhances IMDEX's rock knowledge offering with spectral mineralogy and AI technologies;
• aiSIRIS complements IMDEX's existing In-Field GeoAnalysis solution and integrates with IMDEX geochemistry analysis software (IMDEX ioGAS™);
• AusSpec has well-established relationships with major resource companies

seems to have worked out; a 12 month high today and through $2
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nipper
Posted on: May 28 2021, 01:43 PM


Group: Member
Posts: 9,139

SUV progressing with the Nova Silica project
QUOTE
Silica flour is a very specialised product with a required size range difficult to produce in any quantity by natural means and is usually produced by grinding of coarser silica sand. Silica flour is used as a filler or in cements for well cappings in oil and gas drilling. For example, silica flour helps oilwell cement maintain low permeability and high compressive strength under high-temperature conditions. This is a high value product compared to other silica sand applications.

Analysis of samples from the Eneabba dunes is revealing about 17.8% is the finer flour .... Upcoming production samples will have the sand fraction sized into two different fractions +75micro.m to 150micro.m representing silica flour, and silica sand +150m to 1000micro.m

• The silica flour market for fillers and wellhead cement additives are highly specialised, and pricing can reach US$140 to $150 per dmt
• Market pricing for:
o Glassmaking silica sand ... US$35 to $53 per dmt
o Foundry silica sand ..... US$38 to $53 per dmt
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nipper
Posted on: May 28 2021, 01:15 PM


Group: Member
Posts: 9,139

Highlights

QUOTE
... BetMakers has submitted an indicative proposal to acquire Tabcorp’s Wagering and Media business
... The combination would be transformational and combine the technology capabilities and global platform of BetMakers with the scale and content assets of Tabcorp Wagering and Media
... Significant opportunity to enhance Tabcorp Wagering and Media’s consumer proposition in Australia and improve monetisation of its content globally by leveraging BetMakers’ technology and B2B expertise
... Compelling opportunity for all stakeholders with Tabcorp and BetMakers shareholders expected to share in significant value to be unlocked; improved funding to the Australian racing industry; and new products for customers

a Billion in cash and $3B of BET shares ...


BetMakers Strategic Adviser, Matt Tripp said:
QUOTE
I am excited by the potential opportunity to reinvigorate the Tabcorp Wagering and Media business. There is significant potential for the business to grow in partnership with BetMakers and I hope to get the opportunity to support the Australian racing industry which relies on the success and growth of TAB.

I have been very impressed with the world class team BetMakers has put together and the enormous growth opportunities they have created globally, including in the rapidly emerging US wagering landscape, and the timing could not be better for this unique opportunity.
“Aside from the value that this offer is anticipated to unlock for shareholders in both companies, this is an incredibly exciting opportunity for the Tabcorp Wagering and Media business to maximise its commercial potential on a global scale.



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nipper
Posted on: May 28 2021, 12:59 PM


Group: Member
Posts: 9,139

This has been a real success for the early money. Multiple bags

And today, a move to acquire some of the Tabcorp assets
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nipper
Posted on: May 28 2021, 11:13 AM


Group: Member
Posts: 9,139

mac, ever the optimist smile.gif . But for this time, it could be possible. And a good outcome.

I was thinking, as the vein (no, not a nugget) is at 249m, or 215m vertical depth they could almost pay for a new hole, ream out the current one, and collect a bigger core ... say 12". Would be interesting how much gold they catch
  Forum: By Share Code

nipper
Posted on: May 28 2021, 09:05 AM


Group: Member
Posts: 9,139

Betmakers Technology Group Ltd (BET), formerly The Betmakers Holdings Ltd, is involved in the development and provision of data and analytic products for the B2B wagering market and the production and distribution of racing content. The group's revenue channel includes Australia, United Kingdom and United States of America.


The pathway to being a successful company has come through various iterations since TopBetta (then code TBH) lastted on the ASX late 2015. Topbetta was one of the world's first online social betting platforms for sports and racing tournaments and enabled sports fans to compete against each other rather than against a "bookie". The TopBetta gaming platform, which won the "Social Gaming Operator of the Year" Award in 2014 and again in 2015 also provided "free to play" tournaments that enable players to win cash prizes competing against each other introducing a whole new audience to the rapidly growing online social gaming and wagering market.

But that fell flat, failing to gain traction. By 2018, TBH announced that it was selling its TopBetta and Mad Bookie retail businesses to PlayUp for $6million. The pro-forma effect of the sale meant TBH would see an 18% reduction in revenue offset by a 48% reduction in cost base, and enable the company to focus on developing their existing wholesale and Global Tote business.

On 25 June, 2018, TopBetta Holdings Limited changed its name to The Betmakers Holdings Limited (TBH).

On 30 April 2019, BET announced that Las Vegas-based international wagering and gaming industry investment firm, Tekkorp Capital LLC was taking a 19.99% stake in the company via a placement of 55,991,335 fully paid ordinary shares in the Company at a price of 3c per share to raise approximately $1.68m.

On 26 June, 2019, The Betmakers Holdings Limited (TBH) changed its name and ASX code to Betmakers Technology Group Limited (BET).

On 23 July BET announced positive underlying EBITDA for the June 2019 quarter, positive cashflow expected for September 2019 quarter and updated its guidance for FY20 to $3.4 million to $3.7million EBITDA on expected revenues of $10 million.

Sept 2019, BET announced that it has launched its customised racing channel with wagering operator PointsBet Holdings Limited (PBH). Betmakers will provide its racing channel, featuring customised pricing technology, data display overlays and live vision, for PointsBet to offer their wagering customers the ability to watch over 2,000 races each week on its website and mobile app.

Oct 2019, signed an agreement with GVC Holdings PLC subsidiary companies GVC Services Limited and GVC Australia Pty Ltd, to form a Global Racing Partnership and roll out BetMakers' propriety technology and wagering products in Australia and other International markets.

GVC Holdings PLC, which owns Ladbrokes Coral Group PLC, is the UK's largest high street bookmaker.

The announcement outlines the following approach to implementation of the agreement:
QUOTE
In Australia, BetMakers will extend its Fixed Odds and Price Manager system services to cover all Ladbrokes Australia brands of Ladbrokes, Neds, Betstar and bookmaker.com.au and has also agreed to integrate the BetMakers live streaming racing channel with each brand's digital platforms.

In the UK, BetMakers will integrate its global racing technology products, starting with a custom-built trading platform, on to GVC Holdings PLC's brands Ladbrokes and Coral, with integration to start immediately and the first product expected to be live during Q4 of CY19.
No specifics on anticipated revenue but on the surface the deal would appear to be one very beneficial to BetMakers.
and, apart from a Covid wobble, the stock has been on an upward path most of the time, from around 10c in mid 2019 to close at $1.60 in May 2021
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nipper
Posted on: May 28 2021, 08:27 AM


Group: Member
Posts: 9,139

Belmont Holdings (BET) became IMPERIAL PACIFIC LIMITED (IPC) a long time ago, 2010?
IPC still listed, market cap of $5million and infrequently traded
QUOTE
Imperial Pacific Limited (IPC) is involved in strategic equity investment in financial services and the portfolio management of London City Equities Limited, this latter role carried out through the Australian Financial Services Licence held by subsidiary, Imperial Pacific Asset Management Pty Limited.

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nipper
Posted on: May 27 2021, 09:36 PM


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Posts: 9,139

Comms Group Ltd (CCG), formerly Commschoice Group Limited, provides cloud communications for business. The company services SME and mid-tier corporate customers in Australia, Asia and internationally using its cloud based global business phone platform and Microsoft Teams calling/Direct routing integration combined with innovative SD-WAN technology and fibre and NBN access product.

Been around since late 2017, not shooting out any lights. Market cap of around $35 Million. Turned positive cash flow recently; RoE about 20. Low debt.
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nipper
Posted on: May 27 2021, 09:25 PM


Group: Member
Posts: 9,139

Swoop Holdings Ltd (SWP) listed on the ASX today; very much an insiders splash, as the pathway was via listed entities (a backdoor listing). It raised $20 million at 50c a share in an IPO that was heavily oversubscribed. It closed at $1.25 on Day One.

On 07 Dec, 2018, Robo 3D Limited (RBO) changed its name and ASX code to STEMify Limited (SF1).
On 26 May, 2021, Stemify Limited (SF1) changed its name and ASX code to Swoop Holdings Limited (SWP).

Swoop Holdings Ltd (SWP) is an Australian proprietary company, focused on a fixed wireless and wholesale network infrastructure carrier with a high performance national and international network that is an alternative provider to the large carriers for delivering services in Australia. SWP is based in both NSW and Victoria, with offices in Sydney, Gosford and Warragul. SWP also provides services over the NBN fixed line and fixed wireless networks nationally to residential and SME customers who cannot connect to the Swoop fixed wireless network.

SWP operates under 3 brands; Swoop Wholesale, Swoop Business and Swoop Broadband. The Company has completed the acquisition of:
1. 100% of the shares in Cirrus Communications Pty Ltd (Swoop);
2. 58.90% of the issued capital in N1 Telecommunications Pty Ltd (NodeOne); and
3. 100% of the issued capital of Fiwi Pty Ltd which in turn holds the remaining 41.10% of the issued capital of NodeOne,

Swoop operates one of the country's largest fixed wireless networks with 246 towers spread across all states and has plans to build more towers and gobble up rival operators. The Chairman, James Spenceley, said Swoop would look to play to its strengths in outer suburban and regional areas rather than well serviced and highly competitive inner city markets dominated by Telstra, Optus, Vocus and TPG.

Mr Spenceley said there could be a round of consolidation in the sector similar to the period late in the 2000s and early in the 2010s when the likes of Vocus, TPG and iiNet were making acquisitions. He said some small businesses had grown to a scale that made them attractive takeover targets.
  Forum: By Share Code

nipper
Posted on: May 27 2021, 04:11 PM


Group: Member
Posts: 9,139

now over 10c and almost a 12 month high (today, even though the latest Ann was on 10 May)

REGIONAL SILVER POTENTIAL CONFIRMED AT PARIS

Highlights
Reconnaissance spaced drilling has returned encouraging silver intersections at Argos, Ares and Paris Dyke targets.
• Target opportunities enhanced at these prospects based on reconnaissance spaced drilling.
• Strong alteration zone recognised in drill chips at Helen and Ares targets



  Forum: By Share Code

nipper
Posted on: May 27 2021, 03:56 PM


Group: Member
Posts: 9,139

mind you, the pointy end of trying to turn a dollar can lead to excesses and the usual bumph


Mosaic Brands fined after misleading consumers over hand sanitiser​
QUOTE
Clothing retailer Mosaic Brands is counting the cost of selling useless hand sanitiser and dodgy face marks at the height of the coronavirus crisis.


The retailer, which owns clothing chains Noni B, Millers, Katies, Rockmans, Autograph and Rivers, has been forced to pay penalties of $630,000 after admitting to breaching consumer laws by making false or misleading claims about hand sanitiser and face masks advertised on its websites and via direct marketing between March and June last year.

According to the Australian Competition and Consumer Commission, Mosaic Brands advertised that its Air Clean hand sanitiser contained 70 per cent alcohol, but a sample tested by the ACCC was found to contain only 17 per cent alcohol.
  Forum: By Share Code

nipper
Posted on: May 27 2021, 03:54 PM


Group: Member
Posts: 9,139

On 26 November, 2019, Noni B Limited (NBL) changed its name and ASX code to Mosaic Brands Limited (MOZ).


Mosaic Brands Limited (MOZ) is the largest specialty fashion retailer group in Australia. The company has brands that include Millers, Rockmans, Noni B, Rivers, Katies, Autograph, W. Lane, Crossroads and Beme. MOZ span the country with almost 1,400 stores nationally.


That was then; a few of those brands and outlets have fallen, and then came Covid. With attendant argy bargy with the big shopping centre REITs. Trading before 2020 in the $2.50 to $3 range, the SP was dropping pre pandemic Bottoming out at less than 50c, it has not rebounded and is now under 70c a share

QUOTE
Fashion retail giant to close up to 500 stores after pandemic ravages sales

25 Aug, 2020

Fashion retailer Mosaic Brands will close up to 500 stores across the country after it recorded a $212 million loss due to the coronavirus pandemic.

The company behind clothing brands Rivers, Millers, Katies and Noni B had been "utterly derailed" by the coronavirus, Mosaic Brands CEO Scott Evans told shareholders at the announcement of its full-year results.

Mosaic Brands said the leases on nearly 80 per cent of its 1333 stores will expire over the next two years and it plans to close 300 to 500 of those over that time frame.

The company, which has 6000 employees, reported a statutory loss before tax of $212.1 million, a plunge of 1900 per cent on the prior year's statutory profit of $11 million. Revenue fell 16.5 per cent to $736.7 million. The fashion retailer did not declare a dividend. Online sales grew just 14.7 per cent during the year, far lower than other retailers.

As well as the coronavirus, Mosaic Brands said the devastating bushfires across Christmas and New Year periods badly hit sales.

The move to permanently shut more than a third of its store network comes after 129 of its stores in Westfield shopping centres were closed by landlord Scentre Group.

The retail rental market in Australia is not paused because of the pandemic ... it is fundamentally changed for the future. Some though not all landlords accept that reality, so while exact locations and numbers are to be determined, the group anticipates potentially 300 to 500 store closures over the coming 12 to 24 months, Mr Evans said. Shuttered stores work for no one so we aim to minimise closures, but not on uncommercial terms.


then the 26 Oct 202 trading update had mixed news.

QUOTE
..Consistent with our comments at the 2020 full year results announcement, since August we have closed 73 stores in response to unrealistic rental requests and a permanent shift towards online purchases, said Mosaic CEO Scott Evans.

Our online sales for the first quarter are up 31% on the previous corresponding period (PCP), with the amount of SKUs or items available on our websites growing from 150,000 to over 250,000 in just eight weeks
.”

Mr Evans said the growth of online, reduced discounting and a 50% drop in inventory holdings, had seen margins grow to 67% compared to 61.8% for the PCP.

We are encouraged that a number of landlords have in recent weeks come to the table on rental reductions but not all have and we expect up to a further 250 store closures by June 2021, said Mr Evans.


  Forum: By Share Code

nipper
Posted on: May 27 2021, 03:39 PM


Group: Member
Posts: 9,139

Oct 2010 Mosaic Oil (MOC) was delisted
QUOTE
each shareholder in Mosaic was entitled to elect to receive:
• $0.15 for every Mosaic share held; or
• 1.01 AGL Energy shares per 100 Mosaic shares for all their Mosaic shares

- always take the money (Kerry Packer)
  Forum: By Share Code

nipper
Posted on: May 27 2021, 01:16 PM


Group: Member
Posts: 9,139

Volt Resources (VRC) was focused on the exploration and development of its wholly-owned Bunyu Graphite Project in Tanzania from the time of its listing in 2016 till recently... Funding was sourced for the project in 2019 but conditions proved too onerous and Volt declined to proceed.
By 2020, it still had an interest in and retained leases for Bunyu graphite, and also had gold leases in Guinea. A transaction in a Zambian gold project was terminated.

In April 2021, Volt joined the joined the European Battery Alliance.
In May 2021, Volt has signed binding Share Purchase Agreements with existing shareholders of the ZG Group to acquire a 70% interest in each of the companies comprising the Ukrainian ZG Group, namely:

Zavalievsky Graphite LLC ... processing plant buildings, processing plant, mining equipment, power sub-station and distribution
• Stone Found LLC .... crushed granite operations and plant
• Graphite Invest LLC ... holds a 70% interest in PJC Zavalievsky Graphite Kombinat, being the mine, land, main administration office building. It is this entity that holds a 79% interest in the 636 hectares of freehold land on which the Zavalievsky mine, processing plant and other related buildings and facilities are located.


VRC is off to the races in 2021, with shares moving from around 1c to as high as 4c
  Forum: By Share Code

nipper
Posted on: May 27 2021, 12:51 PM


Group: Member
Posts: 9,139

Mozambi Coal (MOZ) : December 2014; name changed to Mozambi Resources Ltd

Dec 2016: Mozambi Resources (MOZ) name changed to Volt Resources Limited (VRC)


and in April 2021, VRC announced that the acquisition of ZG Group is proceeding through to completion and that the transaction is now unconditional. The 70% interest in ZG Group will transform VRC into one of the few ASX listed graphite producers without the usual time and risk related to complete greenfield project financing, construction, commissioning and ramp up.
  Forum: By Share Code

nipper
Posted on: May 27 2021, 12:40 PM


Group: Member
Posts: 9,139

Ragnar Metals Ltd (RAG) has been reinstated to official quotation after an almost ten month suspension.

It has undergone a five to one share consolidation, reducing the shares on issue from 313,424,062 to 62,684,889. The share price has leapt upon reinstatement from a notional 1.1c prior to as high as 3.6c, and now 2.9c a share.

Some $5.5 million was raised in April and the company has acquired two projects; Leeds and Kenya, both located in the Eastern Goldfields region of Western Australia, with the intention to commence exploration activities at these projects. In addition, there are some Nickel projects on the books.
  Forum: By Share Code

nipper
Posted on: May 27 2021, 12:29 PM


Group: Member
Posts: 9,139

On 26 November, 2018, Drake Resources Limited (DRK) changed its name and ASX code to Ragnar Metals Limited (RAG).
  Forum: By Share Code

nipper
Posted on: May 27 2021, 09:52 AM


Group: Member
Posts: 9,139

Renounceable Rights Issue to Raise up to $3.2 million
Proceeds to progress activities at Trigg's Lake Throssell Sulphate of Potash project in WA, including delivery of Indicated Mineral Resource estimate and Scoping Study
QUOTE
Highlights
.. 2-for-5 Renounceable Rights Issue to raise up to $3.2 million.

.. Attractively priced at $0.10 per Share, representing a 29% discount to the 30-day VWAP of $0.142.
.. For every two New Shares issued, eligible shareholders will also receive one free attaching New Option.
.. New Options to have exercise price of $0.20 and an expiry date of 15 July 2023 and will be quoted on the ASX.
.. Shareholders can trade their rights and apply for additional shares and options, with rights to commence trading on 2 June 2021.
.. Rights Issue partially underwritten to $1.5 million by Mahe Capital Pty Ltd.
  Forum: By Share Code

nipper
Posted on: May 27 2021, 09:44 AM


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Posts: 9,139

Aerison Group Pty Ltd (AE1) is looking to raise $13.5 million at 20c a share and list on the ASX late June 2021.

Established in Perth, Western Australia in 1988 and incorporated as a company in 1993, Aerison Pty Ltd, the principal trading entity of Aerison Group Ltd, has grown from a specialist environmental engineering company into a broad based engineering design and construction company self-performing multi-disciplined EPC, engineering and design, construction and maintenance services to various industries and clients across Australia.

The Company is recognised for its environmental services which includes studies, compliance testing and customised designed and built solutions that reduce the impact of industry on the environment. Its services are broadly categorised as follows:

(a) Engineering and Design
(b) Environmental
.c) Sustaining Capital, Maintenance and Shutdown
(d) Project
(e) Electrical and Control Infrastructure
(f) Power Generation

Aerison's services are applicable to and are provided across the following industry sectors:

(a) Natural Resources
  • Mining and minerals
  • Oil and Gas
(b) Non-Process Infrastructure
  • Materials Bulk Storage and Handling
  • Road and Rail Tunnels
  • Fuel facilities
.c) Utilities
  • Water
  • Power (including renewables)
  • Gas
  Forum: By Share Code

nipper
Posted on: May 27 2021, 09:09 AM


Group: Member
Posts: 9,139

QUOTE
ASIC, the corporate regulator, has taken AMP to court for deducting insurance premiums from the superannuation accounts of more than 2000 customers despite being notified of their death.

... and I bet someone got a bonus for cutting costs by axing that section.
  Forum: By Share Code

nipper
Posted on: May 27 2021, 08:49 AM


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Posts: 9,139

Fisher & Paykel said that net profit after tax rose 82 per cent to $NZ524.2 million, after revenue rose 56 per cent to $1.97 billion.

The company’s directors have approved a final dividend of 22.0 cents per share, an increase of 42 per cent on the final dividend last year. The dividend will be paid on 7 July.

CEO Lewis Gradon said, “It has been an extraordinary year”

QUOTE
The unprecedented result was driven by our hospital product group, which includes Optiflow and Airvo systems used to deliver nasal high flow therapy. Sales of our hospital hardware and consumables have continued to track COVID-19 hospitalisation surges in countries around the world.


In the financial year to date, hospital revenue continues to remain variable with higher volumes of hospital hardware and consumables to locations with hospitalisation surges and an ongoing shift towards Optiflow nasal high flow therapy. OSA shows signs of recovery after a slower fourth quarter.

QUOTE
With the ongoing uncertainties of vaccinations, lockdowns, COVID-19 variants, localised waves and return to stable hospitalisation rates around the world, the company is not providing guidance for the 2022 financial year.


The board has approved a profit-sharing bonus totalling $29 million for the 2021 financial year to be paid to everyone who has worked with us for a qualifying period.

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nipper
Posted on: May 27 2021, 08:38 AM


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Posts: 9,139



Long delays, component prices surging by more than 400 per cent and a rising “grey market” of dodgy products is putting pressure on medical device makers to sell their products at next to no profit, or raise prices to maintain margins.
[One start up CEO] said there has been a knock-on effect from chip shortages that has spread into other chips and general components for hardware devices.
QUOTE
One of our chips went from $6 to $36, and we’ve heard of others where they’ve had chips go from $1 to $50,” he told The Australian Financial Review.

That company would have been better off selling just the chips than making their product.... There’s [also] been a knock-on effect. When one chip becomes short, they buy another and they don’t just buy the chips they need, they buy other items like capacitors ... the manufacturers can’t keep up with the demand.





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nipper
Posted on: May 27 2021, 08:32 AM


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Posts: 9,139

Global testing lab operator ALS surged more than 12% yesterday to a new year's high as the company [announced] a sharply higher final payout. The dividend news and a sharp improvement in underlying earnings for the year to March 31 overshadowed the 5% drop in revenues for the year to $1.76 billion. Directors said the company's businesses bounced back in the March as vaccinations became more widespread.

ALS reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $421.1 million. That's up more than 25% from last year's EBITDA of $326.1 million.

ALS said Statutory NPAT of $172.6 million was up $44.8 million primarily due to impairment losses offset by the net effect of one-off gains in the first half of 2019-20 from the sale of the China business. Underlying NPAT from continuing operations of $185.9 million, down 1.5% (excludes government subsidies and related direct costs)

After paying a fully franked interim dividend of 8.5 cents a share late in 2020 the company yesterday revealed a final, 70% franked, dividend of 14.6 cents, more than double the 6.1 cents a share final for 2019-20 and a total for the year of 23.1 cents a share, up 31.3% on the pcp.

It was also a payout ratio of 60% of the year's underlying NPAT (which is the company's aim).
https://www.sharecafe.com.au/2021/05/26/als...nings-dividend/
  Forum: By Share Code

nipper
Posted on: May 27 2021, 08:24 AM


Group: Member
Posts: 9,139

On October 16th, 2019, Pure Vida Energy NL (PVD) changed its name and ASX code to Ansila Energy NL (ANA).

QUOTE
After a five month suspension ANA was reinstated to official quotation in early February 2021 after announcing that it has acquired the remaining 78.4% interest in Hartshead Resources Limited that it did not already own. The Company has issued a total of 1,000,000,000 new Ordinary shares to the vendors of Hartshead which are subject to voluntary and ASX escrow for 12 months as consideration for the transaction.

The Company has also completed a heavily over-subscribed placement of 320,000,000 ordinary shares at a price of 2.5c per share, raising a total of A$8 million (before costs). The funds raised will enable ANA to fund its work program commitments of Phase I operations through to the preliminary field development plan submission and begin work on the initial stages of Phase II.

On May 27th, 2021, Ansila Energy NL (ANA) changed its name and ASX code to Hartshead Resources NL (HHR).
  Forum: By Share Code

nipper
Posted on: May 26 2021, 10:09 PM


Group: Member
Posts: 9,139

and underwhelming on Day Two. Ranged around $2.55 most of the day, which is where it closed.

Where are the buyers? where are the customers? Where is the moat?
  Forum: By Share Code

nipper
Posted on: May 26 2021, 10:03 PM


Group: Member
Posts: 9,139

ouch.. raised at 1.60 ..... and now $1.20
QUOTE
This update is further to Carbon Revolution’s ASX releases which have noted the impact of COVID-19 on global automotive supply chains and the impact that this has had on the company’s expected FY21 revenue.

One of Carbon Revolution’s customers has temporarily suspended vehicle production as a result of the impact of ongoing semi-conductor chip shortages in the automotive supply chain. This directly impacts our largest wheel program currently in production. Carbon Revolution received notification from this customer today that the suspension of production has resulted in the forward orders for wheels for this program being reduced by approximately 1,800 wheels for FY21. It is currently expected that production of the vehicle will re-commence in late June.

The Company’s previous expectation that FY21 full year wheel sales volume would be in line with FY20 was based on forecasts and orders provided by customers at the time.
expect more (or less)
  Forum: By Share Code

nipper
Posted on: May 26 2021, 09:24 PM


Group: Member
Posts: 9,139

I'm for more posts.,👍🚀📈
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nipper
Posted on: May 26 2021, 06:41 PM


Group: Member
Posts: 9,139

like everything related to graphene, very early days. At least there is some funding. See Ann of 11/05 (non M/S)

QUOTE
Graphene catalysts for low-cost hydrogen fuel cells

HIGHLIGHTS
... Metal oxide coated graphene is shown to be an effective catalyst for next-generation hydrogen fuel cells
... Graphene materials could replace high-cost platinum catalysts
... Grant funding has been secured for further testing
  Forum: By Share Code

nipper
Posted on: May 26 2021, 03:56 PM


Group: Member
Posts: 9,139

one JV coming through .... opened well above 7c, still around 5.9c and up 15%

QUOTE
high grade copper (gold-silver) mineralisation has been intersected in recently completed diamond drilling at the Phreaker Prospect, located within the Company's Lake Mackay Project.


The Lake Mackay Project is held in Joint Venture with IGO Limited (ASX: IGO), with IGO holding a 70% JV interest in the tenements and Prodigy Gold holding a 30% JV interest.
  Forum: By Share Code

nipper
Posted on: May 26 2021, 01:55 PM


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Posts: 9,139

Metals X Limited has signed a binding terms sheet with NICO Resources Limited (NICO) for the sale and spin out of its Nickel asset portfolio, including the Wingellina Nickel-Cobalt Project located in Western Australia and the Claude Hills Project located in South Australia.


The Terms Sheet provides for the sale of all of the shares in Metals Exploration Pty Ltd, currently a 100%-owned subsidiary of Metals X, to NICO with eligible Metals X shareholders to receive a direct holding in NICO shares so as to spin out the Nickel Assets from Metals X. Metals Exploration holds the Nickel Assets through Metex Nickel Pty Ltd. The registered holders of the tenements that comprise the Nickel Assets are two 100%-owned subsidiaries of Metex Nickel, being Hinckley Range Pty Ltd and Austral Nickel Pty Ltd.



In conjunction with the Transaction, NICO proposes to undertake an initial public offering of its shares (IPO) and apply for listing on the ASX. Under the Terms Sheet, NICO proposes to raise at least $8 million by the issue of:
(a) approximately 20,000,000 fully paid ordinary shares at $0.20 per share to Metals X; and
(b) at least 20,000,000 fully paid ordinary shares at $0.20 per share under the IPO.


In addition to receiving the MLX IPO Shares, the consideration payable by NICO to Metals X for the purchase of the Nickel Assets will be $5,000,000, to be satisfied by the issue to Metals X of:
(a) 25,000,000 shares in NICO at a deemed issue price of $0.20 per share; and
(b) 25,000,000 options to subscribe for shares in NICO, exercisable at $0.25 each, expiring 3 years after grant.
  Forum: By Share Code

nipper
Posted on: May 26 2021, 01:26 PM


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Posts: 9,139

EQ Resources Limited (EQR) , formerly Speciality Metals International Limited , is a mining company focusing on tungsten production at its flagship Mt Carbine Tungsten Project located in North Queensland.

market cap $35million. In March 2021, EQR raised $6.5 million to advance the Mt Carbine project.
  Forum: By Share Code

nipper
Posted on: May 26 2021, 11:48 AM


Group: Member
Posts: 9,139

that one came and went:June 2004 : under the Scheme of Arrangement, Equinox Resources (EQR) shareholders transferred all of their shares in Equinox Resources to Equinox Minerals Limited and received one Equinox Minerals share for every three Equinox Resources shares they held.


Equinox Minerals (EQN) was itself delisted following completion of the compulsory acquisition of the Company by Barrick Gold Corporation in 2011

and a bit of back history on the EQR ticker:
On 14 December, 2017, Carbine Tungsten Limited (CNQ) changed its name and ASX code to Speciality Metals International Limited (SEI)
On 02 December, 2020, Speciality Metals International Limited (SEI) changed its name and ASX code to EQ Resources Limited (EQR)
  Forum: By Share Code

nipper
Posted on: May 26 2021, 11:41 AM


Group: Member
Posts: 9,139

On 14 December, 2017, Carbine Tungsten Limited (CNQ) changed its name and ASX code to Speciality Metals International Limited (SEI).
  Forum: By Share Code

nipper
Posted on: May 26 2021, 11:06 AM


Group: Member
Posts: 9,139

and $100.00
(briefly)
  Forum: By Share Code

nipper
Posted on: May 26 2021, 10:24 AM


Group: Member
Posts: 9,139

where are we at?


a long way to finality ... lots of stuff beforehand (not getting too technical there)

Quantum algorithm development, testing, and validation is an essential part of the early-stage development and commercialisation of the 12CQ chip because it links the chip operation to end use applications.

QUOTE
Highlights
• Archer progresses quantum algorithm development for Artificial Intelligence applications of its 12CQ quantum computing processor chip.
• The Company is working on optimising Quantum Neural Networks, which could be relevant to consumer and enterprise-scale AI technology products.
• AI is set to transform the productivity and GDP potential of global economies.
• AI is one of many future applications for the 12CQ chip, and Archer will explore other applications such as blockchain, space, autonomous cars and cybersecurity.
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nipper
Posted on: May 26 2021, 10:16 AM


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Posts: 9,139

Vital intersects broad high grade REO in near surface drilling at Tardiff Zone


Highlights
QUOTE
● Large intersections of total rare earth oxides (TREO) grades above 2% TREO intersected at Tardiff Zone 1 with all holes hitting mineralisation
● Thicknesses in excess of 60m in width and with grades up to 13.8% intersected, demonstrating the world class potential of the Nechalacho rare earth deposit
  Forum: By Share Code

nipper
Posted on: May 26 2021, 09:49 AM


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Posts: 9,139

Scientists have been puzzled by the formation of rare hyper-enriched gold deposits for over a century.

Examples of these ultra-high-grade or 'bonanza' deposits occur in places like Ballarat in Australia, Serra Palada in Brazil, and Red Lake in Ontario.

Gold deposits form when hot water flows through rocks, dissolving very small amounts of gold and concentrating it in cracks in the Earth's crust, usually at levels invisible to the naked eye.

To fill a single centimetre-wide crack with gold would take centuries via this process, whereas these cracks on 'bonanza' deposits typically seal in years, months, or even days.

Studying the 'Brucejack' mine in northwestern British Columbia, McGill Professor Anthony Williams-Jones learned that these gold deposits form much like soured milk.

"Milk consists of little butterfat particles that are suspended in water because they repel each other, like the negative ends of two magnets," Williams-Jones says.

"When the milk goes sour the surface charge breaks down, and the particles clump together to form a jelly.

"It is the same with gold colloids, which consist of charged nanoparticles of gold which repel each other, but when the charge breaks down, they 'flocculate' to form a jelly.

"This jelly gets trapped in the cracks of rocks to form the ultra high-grade gold veins."

A 'colloid' is a mixture in which microscopically dispersed insoluble particles are suspended throughout another substance.

'Flocculation' occurs when colloidal particles come out of suspension to form small lumps.
  Forum: By Share Code

nipper
Posted on: May 25 2021, 09:00 PM


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Posts: 9,139

Podium Minerals Ltd (POD) is an ASX explorer focused on platinum group metals, gold and base metals.

The company is the 100% owner of the Parks Reef PGM project strategically located in WA’s Mid-West region
  Forum: By Share Code

nipper
Posted on: May 25 2021, 07:49 PM


Group: Member
Posts: 9,139

nothing on TRM (never heard about it prior to today)

Truscott Mining Corporation Limited (TRM) is involved in exploration and development of gold and base metal projects in the Northern Territory.

The company’s advanced high grade gold exploration project Westminster and early exploration gold and base metal projects North Tennant Creek and Barkly are all located in the Tennant Creek region of the Northern Territory. Truscott has been a leading participant in the Barkly area selecting a prospective position before several large exploration and mining companies took up adjacent tenements at positions following government initiatives to provide new information for the region.


During the quarter, work focussed on defining dry season field work programs for the next quarter for the early exploration project areas and on consolidating the work and research completed to date on the Westminster Gold Project. A summary of the review of the extensive body of work completed on the advanced Westminster project is provided in the subsequent sections of the [latest Quarterly] report.

The associated planning work provides for definition of diamond drilling plans for the fourth quarter of the financial year. Positive results from the drilling program would substantiate the findings of the research and development work completed to date and provide the context for a major increase in gold exploration activity by the growing number of companies with interests in the wider region.

Truscott continues to carefully manage cash flow and limit the issuing of shares for working capital as market conditions are monitored. At this juncture the planned resumption of drilling in the fourth quarter is being planned to facilitate a significant increase in exploration activity against a possible upturn in gold prices and increased interest in the gold sector.


Market cap $3 million

  Forum: By Share Code

nipper
Posted on: May 25 2021, 07:23 PM


Group: Member
Posts: 9,139

Platina seems to be drifting upwards .... a couple of run ups and retreats, but generally in the right direction.... high of 9c, and now 6c

tilting towards WA gold (which company isn't?)

1st. Challa (Yilgarn) & Xanadu (Pilbara) drilling programs
2nd. Mt Narryer gold prospect granted (targets analogous to the Julimar nickel copper PGE discovery 550km to the south (!) )
3rd. Mergers & acquisitions
4th. Unlocking value of non-core assets
5th. Platinum / Scandium still there (and undervalued?)
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nipper
Posted on: May 25 2021, 06:14 PM


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Posts: 9,139

Pursuit Minerals Limited (PUR), formerly Burrabulla Corporation Limited, is a mineral exploration and project development company focused on PGE-Ni-Cu, Gold, vanadium and nickel projects in the world-class mining jurisdictions of Australia, Finland, Sweden and Norway.

In 2020 the Company has refocussed on Western Australia with the acquisition of the Warrior PGE-Ni-Cu and Gladiator Gold Project.

April 2021 ... a placement of $8 million at 6.9c (went for $5 mill) to further WA projects

Three highly prospective and complementary projects in Tier 1 jurisdiction

WA Warrior (100%) ... PGE-Ni-Cu
• 20km north & 170km northeast of Chalice's high-grade Gonneville PGE-Ni-Cu discovery on the Julimar Project with highly prospective landholding >648km2
• AEM and MLEM have been completed on Calingiri East generating highly conductive features (up to 3,950 S/m) at Phil's Hill Prospect.
• Additional targets from both the AEM and infill MLEM will be identified after final interpretation

Combatant (100%) ... Au
• 2 exploration licences 210 km west of Meekatharra cover 404km2
• The Combatant tenement applications cover part of the Narryer Terrain as interpreted by Dessert Metals (ASX: DM1) and the Geological Survey of Western Australia
• The Project has potential for orogenic gold as ASTER data indicates alteration patterns similar to orogenic gold systems

Gladiator (100%) ... Au
• 4 exploration licences 10km northwest of Laverton
• Proximal to the Beasley Creek (produced 798,314t @ 2.59g/t Au) and Lancefield (produced 1.32 million ounces of gold) gold mines
• Significant historical drill intersections include:
... 11m @ 4.64g/t Au from 61 (drill hole WGC89),
... 11m @ 2.75g/t Au from 59m (drill hole WGC98),
... 17m @ 1.16g/t Au from 43m in drill hole BCP318.

Yilgarn farology
QUOTE
S3 Consortium Pty Ltd (Stocks Digital) will be issued 3,000,000 Shares for nil cash consideration, topping up Stocks Digital’s marketing services with an additional $207,000 worth of services at a deemed issue price of $A0.069 per Share. The Company has been very impressed with the manner in which Stocks Digital continue to attract, grow and engage Pursuit’s shareholder base.

  Forum: By Share Code

nipper
Posted on: May 25 2021, 04:06 PM


Group: Member
Posts: 9,139

been listed for year now
sales down; Covid?
Product gross margin was impacted in H1 FY21 as a result of lower product sales, but improved significantly in H2 FY21.
• Reduction in Other revenues represent one off license fees in FY20.
• Normalised selling and administration expenses increased $2.7m or $3.5m in constant currency, reflecting increased investment in the US sales operations and increasing expenses from becoming a publicly listed entity.
• Research and development expenses increased $1.4m reflecting the increase in staffing on pipeline products.
• Normalised EBITDA loss of $4.5m.


• Net cash outflow from operating activities of $5.0 million for FY21 compared to a net cash inflow from operating activities of $1.7 million in FY20, reflecting the increased investment in operating expenses.
• Purchases of property, plant and equipment remained modest.
• Net proceeds from pre-IPO and IPO placements of $50.4m.
• Repayment of borrowings of $12.6m.
• Cash (including short term deposits) on hand of $35.4m.

  Forum: By Share Code

nipper
Posted on: May 25 2021, 02:51 PM


Group: Member
Posts: 9,139

MoneyMe Limited (MME) is an ASX listed digital consumer credit business leveraging its technology platform (the Horizon Technology Platform) and big data analytics to deliver an innovative virtual credit offering to online-ready consumer.
.
Founded in 2013, MoneyMe has originated over $340 million in loans through their risk based lending platform.

The Horizon Technology Platform allows applications to be completed within approximately five minutes and funds to be disbursed or credit facilities to be available to the customer shortly after approval. Algorithms allow MoneyMe to provide personalised, risk based pricing which better balances risk and return in their loan book.
MME listed on the ASX in Nov 2019, issuing hew shares at $1.25. Covid knocked it around but then, after a few months, they reported a continuing downward trend of payment requests due to the pandemic. The majority of customers who previously sought hardship relief have resumed making repayments, with only 1.7% of receivables having payments deferred.

MoneyMe also announced that a new product offering, RentReady, officially launched in June 2020. RentReady is a first-to-market product designed to support landlords with capital spend requirements and any short term rent or operational requirements.

The product features a line of credit of up to $15,000 administered by property managers for landlords, with repayment over a period of 24 months. The credit can be used by landlords for a number of different options, including general service, maintenance, and improvement spend, as well as to cover shorter-term rent shortfalls – a timely option in the current environment.

MoneyMe highlighted the highly complementary nature of RentReady to another of its key offerings, ListReady, which assists residential property vendors with the costs of marketing their home for sale. ListReady has more than 240 agencies and 1,500 agents signed up to support vendor sales.


  Forum: By Share Code

nipper
Posted on: May 25 2021, 02:43 PM


Group: Member
Posts: 9,139

MME ... MTM Entertainment Trust delisted in 2007 following compulsory acquisition notice from Ivany Entertainment Company P/L
  Forum: By Share Code

nipper
Posted on: May 25 2021, 02:39 PM


Group: Member
Posts: 9,139

Harmoney Corp Ltd (HMY) raised $92million at $3.50 a share and listed on the ASX in November 2020. And that was as about as good as it got, almost nudging IPO price but in a drift down ever since. Now under $1.50

HMY is an online direct personal lender and operates across Australia and New Zealand, providing customers with unsecured personal loans that are easy to access, competitively priced (using risk-adjusted interest rates) and accessed 100% online.
Harmoney's proprietary digital lending platform, Stellare™, facilitates its personalised loan product with applications processed and loans typically funded within 24 hours of acceptance by the customer. Stellare™ applies a customer’s individual circumstance to its data-driven, machine learning credit scorecard to deliver automated credit decisioning and accurate risk-based pricing.

Since originating its first loan in August 2014, Harmoney has originated over $1.7 billion in personal loans, has served more than 46,000 borrowers across Australia and New Zealand and has grown its total loan book to $480 million.

Headquartered in Auckland, New Zealand, Harmoney established an office in Sydney in 2017 to support its expansion into Australia. Harmoney currently employs 60 full time employees across its Australian and New Zealand operations that support the business' activities.
  Forum: By Share Code

nipper
Posted on: May 25 2021, 02:20 PM


Group: Member
Posts: 9,139

A surge in loans for new cars and solar installations has sent Plenti to a record level of originations and revenue in its first full-year results as an ASX-listed personal lender.

Plenti, which competes with major banks in personal lending, said new loan originations rose 64 per cent to $470 million in the year ended March 31 and were headed towards $690 million for 2022. Its loan book rose 61 per cent to $615 million and will further climb to $1 billion by March next year, the company said in its first forward guidance. Its share price was slightly lower after strong gains on Monday.

Buoyed by the strong economic recovery, lending accelerated January to March to be up 120 per cent from the year earlier period, while second-half originations climbed 88 per cent after 33 per cent growth in the first half.

Its unsecured personal loan book was flat year on year with the sharp growth coming from car loans, which surged fourfold to $264 million and are now the same size as the personal loans. Plenti has made $86 million in loans for renewable energy with originations climbing 33 per cent over the year as the company partners with the South Australian and NSW governments to support household investment in renewable energy.


... but still well below IPO; today the expectations already baked in, and PLT steady at $1.20
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nipper
Posted on: May 25 2021, 02:11 PM


Group: Member
Posts: 9,139

listed at 12:30 .... at $2.60 ..... and into the afternoon, still down 20c from the IPO price .

I wonder how they will spin this?
  Forum: By Share Code

nipper
Posted on: May 25 2021, 02:09 PM


Group: Member
Posts: 9,139

The most recent results were not announced as Market Sensitive

orphan rice bubble .... Snap, crackle but no pop.
  Forum: By Share Code

nipper
Posted on: May 25 2021, 09:41 AM


Group: Member
Posts: 9,139

It's practically a cliche to refute modern pedantry by dredging up a bunch of times Shakespeare used a disputed form. Having said that:
QUOTE
  • in Macbeth, Donalbain warns Malcolm that "there's daggers in men's smiles";
  • in All's Well That Ends Well, a matron reports that "there's four or five" bound to Saint Jacques;
  • in Love's Labour's Lost, Berowne says "there's half a dozen sweets" while talking to the Princess of France;
  • "There's matters in these sighes," Claudius opines, in Hamlet.
https://www.abc.net.au/news/2021-05-25/grammatical-errors-singular-plural-apostrophe-there-is-are/100143650
  Forum: Off Topic Chat

nipper
Posted on: May 25 2021, 08:57 AM


Group: Member
Posts: 9,139

Lode Resources Limited (LDR) has raised $7.5million at 20c a share and is looking to list on the ASX; the offer is now closed but the date is likely now to be in mid June.

Lode was established for the primary purpose of exploring and acquiring gold, copper and silver exploration tenements in the New England Fold Belt of NSW, Australia.

The Company is exploring tenements located in the New England Fold Belt in northern NSW and covers an area of more than 950 square kilometres. All the Company's exploration licences are fully granted and fully owned by the Company.

Lode's six projects have the following key criteria:
QUOTE
  • ... 100% ownership;
  • ... significant preliminary surface work including geochemistry and/or geophysics;
  • ... under drilled and/or open-ended brownfields prospects; and
  • ... demonstrated high grade mineralisation and/or potential for large mineral occurrences.

The company has inherited a significant geological database as well as undertaking its own exploration work and believes the Tenements have potential for the discovery of large scale commercially viable gold, copper and silver mineralisation.
The six projects are:

Uralla Gold (incorporating Uralla West): The historical and significant Uralla Goldfield where two mineralisation styles are being targeted, that being high grade mineralised veins and high tonnage mineralisation associated with cupula structures. Previous work has discovered and delineated the former style of mineralisation in high-grade lodes that remain open and many targets including high grade surface samples, defined through preliminary surface work, were not followed up with drilling.

Webbs Consol Silver: Webbs Consol is a historical silver mining centre with high grade silver bearing lodes providing attractive targets that are essentially drill ready. Historical records of underground sampling indicated open ended high-grade mineralisation remains at relative shallow depths and subsequent geophysical anomalies were never followed-up by drilling.

Fender Copper: This project has four known copper deposits of which the Trough Gully copper mine is a drill ready target. In addition previous exploration surface work has delineated two significant copper anomalies presenting potential large tonnage targets.

Elsinore Copper: The project possesses a large 6km regional magnetic and IP anomaly with anomalous base/precious metals in geochemical sampling.

Thor Gold: This project contains a large 2km long gold anomaly potentially associated with high level intrusions and/or the surface representation of large and deep crustal structures.

Tea Tree: This project covers a historical goldfield which is underexplored with only two drill holes of which one intercepted gold mineralisation but with no follow-up drilling.
  Forum: By Share Code

nipper
Posted on: May 25 2021, 08:38 AM


Group: Member
Posts: 9,139

Here are the market highlights:

  • AUD +0.3% to 77.54 US cents
  • Bitcoin on bitstamp.net +15.7% to $US38,988.64
  • On Wall St: Dow +0.5% S&P 500 +1% Nasdaq +1.4%
  • In New York: BHP -0.4% Rio +0.1% Atlassian -0.5%
  • In Europe: Stoxx 50 +0.2% FTSE +0.5% CAC +04%
  • German markets were closed for a holiday
  • Spot gold +0.1% to $US1883.48/oz at 2.27pm New York time
  • Brent crude +3.2% to $US68.53 a barrel
  • US oil +3.8% to $US65.97 a barrel
  • Iron ore -4.1% to $US192.42 a tonne
  • 2-year yield: US 0.15% Australia 0.06%
  • 5-year yield: US 0.80% Australia 0.78%
  • 10-year yield: US 1.60% Australia 1.69% Germany -0.14%
  Forum: Macro Factors

nipper
Posted on: May 24 2021, 08:54 PM


Group: Member
Posts: 9,139

surging ahead ... now well over $8

Julimar is the big one, 26 km long, the referenced bit of paydirt of all WA explorers. and still identifying targets. Gonnevlle, the state forest area (Hartog),and lots more targets ... Baudin, Hartz.


1. Our PGE-Ni-Cu-Co-Au discovery at Julimar in WA is emerging as a very large, strategic deposit of critical, ‘green metals’

2. The portfolio has significant exploration upside from the untested ~24km of the Julimar Complex and within the new West Yilgarn Ni-Cu-PGE Province

3. A major greenfield discovery being advanced rapidly, ~A$133M1 in cash and investments

  Forum: By Share Code

nipper
Posted on: May 24 2021, 08:36 PM


Group: Member
Posts: 9,139

up 40% today before going into a Trading Halt.
Some speculation there is contiguous nearology with Caspin CPN drilling near Chalice Julimar ... & Chalice (CHN) owns 9% of CPN
  Forum: By Share Code

nipper
Posted on: May 24 2021, 08:25 PM


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Posts: 9,139



Caspin Resources Limited (CPN) is a minerals exploration company based in Perth, Western Australia. As of now the company has 80% interest in the Yarawindah Brook Project and 100% interest in the Mount Squires Project,

Caspin Resources is a mineral exploration company established pursuant to the Demerger Scheme undertaken by Cassini Resources Limited (Cassini), for the purpose of exploring the Yarawindah Brook Project and Mount Squires Project.

Yarawindah Brook Project (80% Company interest):
The Yarawindah Brook Project is located 130km northeast of Perth, in the emerging Ni-Cu-PGE sulphide New Norcia province. The Yarawindah Brook Project comprises a significant ground position of over 400km², approximately 40km north from Chalice Gold Mines’ recent high-grade Julimar Ni-Cu-PGE (nickel, copper and platinum group elements) discovery.

Mount Squires Project (100% Company interest):
The Mount Squires Project hosts a number of prospective gold targets, which include a range of conceptual to advanced prospects. Prior to ownership of the Mount Squires Project being transferred to the Company, Cassini had been developing the project since early 2015 through the consolidation of tenements forming a prospective gold frontier. The Mount Squires Project is located adjacent to the western border of the West Musgrave Project which hosts the large Nebo-Babel nickel and copper sulphide deposits, approximately 1,700km northeast of Perth, Western Australia.

Contingent Payment from OZ Minerals:
The Company also holds a right to a contingent payment from OZ Minerals of up to A$20 million cash in the event of a sale of all or a portion of OZ Mineral’s interest in the West Musgrave Project or of the contained nickel at that project. However, no forecast is made of whether any of the Contingent Payment will become payable to the Company.

listed on the ASX during November 2020 at 20c, has been bouncing along 40c plus and minus for 6 months. Then today, up 100%
QUOTE
Drilling is now finished following the completion of two holes at Yarabrook Hill for a total of 601.6m.

Both holes have encountered significant widths of sulphides. The first hole, YAD0017, intersected several zones of disseminated sulphide, typically around 1 to 3% by volume, consistent with that observed in nearby hole, DNN05. Sulphide mineralisation occurs between 66.2m to 314.3m downhole, with distinctly more intense sulphide zones (locally up to approximately 15% based on visual inspection) at approximately 68m, 156m and 308m. Sulphide minerals include chalcopyrite (copper sulphide), pyrrhotite (iron sulphide) and pentlandite (nickel sulphide) hosted by mafic and ultramafic rocks.

The second hole, YAD0018, also encountered similar styles of sulphide mineralisation between 71.0m to 187.2m down hole, again hosted by mafic to ultramafic rocks. Mineralisation at the top of the hole appears truncated by a late-stage dolerite dyke.
Caspin

  Forum: By Share Code

nipper
Posted on: May 24 2021, 08:12 PM


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Posts: 9,139

CPN, CARPATHIAN RESOURCES LIMITED .... August 2013; the company failed and has finally been delisted by ASX following non-payment of annual listing fees

Feb 2016 .... loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 3 September 2015)
  Forum: By Share Code

nipper
Posted on: May 24 2021, 03:24 PM


Group: Member
Posts: 9,139

Devex is a uranium hopeful whose current focus is the Sovereign Project in the Julimar Region of Western Australia, targeting nickel copper platinum group element (PGE) mineralisation.


The maiden drilling program commenced a few months ago with an expanded air core drilling program commencing next month. Initial drilling has defined extensive elevated palladium, platinum and copper (Cu) associated with a differentiated mafic /ultramafic intrusion.
  Forum: By Share Code

nipper
Posted on: May 24 2021, 01:38 PM


Group: Member
Posts: 9,139

and trading today .... IPO @ $1.00

Opened at 94c then steady buying and around $1.07 mid afternoon.
  Forum: By Share Code

nipper
Posted on: May 24 2021, 01:34 PM


Group: Member
Posts: 9,139

CBA... B 98.970 ... S 98.980..... +0.930.... Open 98.000...
H 98.990 ....
L 97.650 ....

V 857,000
  Forum: By Share Code

nipper
Posted on: May 24 2021, 01:29 PM


Group: Member
Posts: 9,139

naw, NML back into low teens. Can't get out of second gear.

Canccord Genuity and Euroz Hartleys are in the market with an $8 million placement on Monday, which would be followed by a share purchase plan to raise up to a further $2 million. Shares in the deal were being sold to fund for 10¢ each, which was a 20 per cent discount to Navarre's last close and a 23.7 per cent discount to the 30-day VWAP, according to terms.

QUOTE
Potential investors were told the money raised would be used for drilling at Navarre's Stawell Corridor gold project and St Arnaud project, which are both in central victoria.

Stawell Corridor is the company's flagship project and was described ... as the most significant new gold resource in Victoria in decades.
.

taking more than a long time to convert resource into reserves, let alone a mine that makes money. Not on watchlist, any more
  Forum: By Share Code

nipper
Posted on: May 24 2021, 01:15 PM


Group: Member
Posts: 9,139

QUOTE
Is Synlait Milk a worse bet than A2 Milk ?


Synlait Milk Limited (Synlait) has updated its full year (FY21) guidance.

Board and Management have undertaken a review of the impact of previously disclosed risks affecting Synlait's performance, and as a result, the company has altered its full year forecast based on:
• an expectation of ongoing shipping delays, which will result in the sale of some ingredient products occurring post the FY21 balance date;
• achieving lower prices for ingredient products than Synlait would normally expect to achieve relative to prevailing market prices through a combination of sales phasing and volume pressure; and
• the adoption of a more conservative approach to year-end inventory volumes and valuation.

Synlait now expects to make a net profit after tax loss of between $20 million to $30 million in FY21.


Was above $7 a year ago; now below $3

  Forum: By Share Code

nipper
Posted on: May 24 2021, 10:49 AM


Group: Member
Posts: 9,139

yup.. TFL struggling to gain relevance. (never get a slot in the AFL !)

and it is battle of the bit players, too bad retail base

(DNH)
  Forum: By Share Code

nipper
Posted on: May 24 2021, 10:40 AM


Group: Member
Posts: 9,139

Tietto Minerals Limited (TIE) is an Australian public company. Tietto is focused on fast-tracking the development of the Abujar Gold Project in Cote d' Ivorie, West Africa.

Tietto rapidly advancing Abujar Gold Mine development

.. Tietto awards Engineering Design of the Abujar Gold Mine Processing Plant to Primero Group, a Perth based specialist mine design company
...Tietto’s strong cash position of ~$52 million at end of March allows it to advance Abujar Gold Mine DFS and project development works
... Tietto continuing aggressive diamond drill program to grow 3.02Moz gold resource
... Upgrade of 22km site access road linking Abujar to the National Highway underway
... Refurbished unused 11.5MW single‐stage SAG mill secured from NCP International on track to be shipped to site in January 2022
... 90kV powerline angle point survey from Daloa to site completed. Work advancing for detailed design and land acquisition
... Discussions advancing with project financiers following release of positive PFS.

Work program planned for June 2021 Quarter:

.. Commence front end engineering and design (FEED) for Abujar Gold Mine
.. Commence site establishment and mining camp construction
.. Complete geotechnical study for tailings storage facility, water storage reservoir and process plant site
.. Tender open‐pit mining contract
.. Updated Abujar Mineral Resource expected late June quarter
  Forum: By Share Code

nipper
Posted on: May 24 2021, 10:31 AM


Group: Member
Posts: 9,139

TasFoods' share price has wallowed as low as 9c in the last 12 months, and was at 12¢ last week; it is down 56 per cent over five years after a chequered history of capital raisings, executive merry go rounds, and litigation over the failed 2016 attempt to buy Tasmanian dairy giant Van Diemens Land Company.
QUOTE
Jan Cameron [of Bellamys fame] has crept up the Launceston based group's share register over the past years to now account for 19.4 per cent, at the same time as TasFoods' boardroom is split.

At its AGM last Thursday, director Roger McBain clung by his fingernails to his role with just 50.5 per cent of votes cast in favour of his re-election.

That follows TasFoods' former chairman Shane Noble having been ousted from his role last June. Soon after he launched legal action against the group and three of its directors, including current chief executive Jane Bennett, alleging contraventions of the Fair Work Act.

After being dumped from the chairman's role Noble was replaced by Craig Treasure, who was appointed to the board as a nominee of private equity firm CVC Holdings at the same time as Cameron's nominee Ben Swain.

The current board under chairman Treasure claims to be supportive of McBain's re-election. Which makes us wonder who could have cast the 49.5 per cent of votes that went against him.

Whatever happened, the board is now thought to be aligned to Cameron ....
  Forum: By Share Code

nipper
Posted on: May 24 2021, 08:39 AM


Group: Member
Posts: 9,139

One of the few employees on the AFR Rich List ($688M)
QUOTE
Robyn Denholm is a rare employee, as opposed to business owner, to make the Rich List.


She got her first taste of high finance handling the accounts at her parents' service station in Milperra, a western Sydney suburb.Accountancy qualifications followed before stints at Arthur Andersen, Toyota Australia and American IT giants Sun Microsystems and Juniper Networks, which brought her to the attention of the board of an up-and-coming electric car maker called Tesla.

Denholm was tapped to become a non-executive director at Elon Musk's baby in 2014, while simultaneously running operations at Telstra.

She then replaced Musk as Tesla's chairman in 2018, earning stock options along the way which have soared as Tesla became a market darling.
  Forum: Investment Discussion

Poll: The Banks
nipper
Posted on: May 23 2021, 10:16 AM


Group: Member
Posts: 9,139

From Firstlinks.

There are no better examples of Australia's recovery from the pandemic than the fortunes of our major banks and the changing forecasts of our leading economists. For example, in May 2020, NAB reduced its dividend and undertook a Share Purchase Plan (SPP) at $14.15 to build up its capital:

"..... in light of the uncertain economic outlook due to the COVID-19 pandemic. These actions are intended to provide NAB with sufficient capacity to continue supporting our customers through the challenging times ahead, as well as increasing NAB’s capital level to assist with managing through a range of possible scenarios, including a prolonged and severe economic downturn.

If you look back on the last year and feel bad about selling or not buying in March or April 2020 for your own portfolio, then consider where NAB 'sold' (that is, raised capital).


In hindsight, it is easy to be critical and overlook that the outlook was bleak, and no doubt APRA was on the phone, but banking is so good now that NAB is contemplating a share buyback. There is no finance textbook advising companies should issue at $14.15 and buy back at $26 within a year. NAB CEO Ross McEwan was showing a touch of remorse when he said this week:
QUOTE
At the time I said we wanted to be a very safe bank, that's the positioning I took. If I got it wrong, well I'm happy to be in a very strong position now going forward for customers and shareholders.


Don't worry, Ross, it's unlikely to affect your bonus although you did get it wrong, like many of us. Good to know you're happy after you increased the size of the SPP from its original target of $500 million to $1.25 billion during the offer period.

NAB was far from alone in its dire expectation. Check the changing forecasts of Westpac from May 2020 (when it took a $1.8 billion provision against expected Covid-19 losses) to the latest for March 2021. A year ago, Westpac was expecting a 22% fall in residential property prices over 2020 and 2021 and a 2020 fall in GDP of 5%. Now it sees residential property rising 20% over two years and GDP growth of 4% in 2021.


The banks are also enjoying access to the Term Funding Facility, where the RBA lends to them at 0.1% for three years. An additional $4.4 billion was drawn last week taking total outstandings to $104 billion. However, the banks are so liquid from retail deposits that they have not taken up the $200 billion on offer and only five weeks remain until the end of the TFF on 30 June 2021. Will fixed rate loan rates begin to rise as banks return to bond markets for term debt?
  Forum: Investment Discussion

nipper
Posted on: May 23 2021, 09:15 AM


Group: Member
Posts: 9,139

according to some closer to the action, ART ...
QUOTE
is seeking to raise $20.7 million via stockbroker Morgans for an acquisition in the United States.

The target is San Francisco based Zaarly, a jobs posting business that focuses on services around the home such as painting and cleaning, and has 597,000 registered users. It has 900 plus service providers and coverage across more than 40 service categories, according to an investor presentation.


Airtasker told fund managers it expects Zaarly's revenue to top $35 million in the 2022 financial year and gross merchant value to top $200 million
  Forum: By Share Code

nipper
Posted on: May 22 2021, 02:05 PM


Group: Member
Posts: 9,139

as well as a dependency on the gold price, it never helps to have JV tensions
QUOTE
The EKJV litigation, as previously announced by the Company, remains ongoing. The matter was heard in the Supreme Court in mid October 2020. The Company is awaiting the Court's decision...
from March Half Yearly.

East Kundana Joint Venture (Tribune's Interest 36.75%) ... in dispute with NST, a poster elsewhere mentioned.
  Forum: By Share Code

nipper
Posted on: May 22 2021, 01:52 PM


Group: Member
Posts: 9,139

March 2021 ...ICS has received the cash proceeds from the sale of MBC of approximately GBP12.8 million (after UK costs).

After a competitive bidding process the proceeds were converted into Australian dollars at the exchange rate of one AUD=GBP .5594. ICS received approximately AUD22.9 million.

ICS is continuing its work with the ATO on the class ruling to confirm treatment of the return to ICS shareholders and will promptly make the return following the finalisation of the ruling.

and from the Chairmans Address, Feb, when the proposition was put forward
The Board will be actively looking to invest
• ICS will have $4 to $5 million in cash after the sale and distribution to shareholders
• The Board is now actively searching for investment opportunities
• Once the Board has found an investment opportunity that we believe will add value to our shareholders the Board will hold an EGM for shareholder approval
• The Board of ICS have taken steps to reduce cash costs of the entity going forward from c. $530k per year to c.$400k, including 50% reduction in director and company secretarial fees

  Forum: By Share Code

nipper
Posted on: May 22 2021, 12:19 PM


Group: Member
Posts: 9,139

And above two bucks ... Made to $2.13 during the day and closed at $2.05.


PE is 277, in case you are wondering.


  Forum: By Share Code

nipper
Posted on: May 22 2021, 12:14 PM


Group: Member
Posts: 9,139

And SO4 in a halt, with a capital raising to come.

Costly business, getting greenfield projects up to speed.
  Forum: By Share Code

nipper
Posted on: May 21 2021, 06:43 PM


Group: Member
Posts: 9,139

and since then ....

turns out Feb was a pump n dump... Who would have thought that!!


Best avoided.
  Forum: By Share Code

nipper
Posted on: May 21 2021, 03:48 PM


Group: Member
Posts: 9,139

LBL up 20% today on no news
  Forum: By Share Code

nipper
Posted on: May 21 2021, 01:51 PM


Group: Member
Posts: 9,139

Tribune Resources is a small gold mining company with projects in East and West Kundana in Western Australia. It’s been a bumpy ride for shareholders over the years, and the last 12 months have been rather fruitless. Disappointingly, this ASX gold mining share has fallen by around 27% in the past year.

However, the company is profitable and generated $47.35 million in net profits after tax for the full year ending 31 December 2020. Based on Tribune’s current market capitalisation of $275 million, that puts it on a 6.1 P/E ratio.

It’s worth noting that earnings are highly dependent on the price of gold. Though, comparing Tribune’s earnings multiple to the industry average of 13.6, it appears to be trading at a discount.
  Forum: By Share Code

nipper
Posted on: May 21 2021, 01:14 PM


Group: Member
Posts: 9,139

The Case for Gold

I have been making the investment case for gold since 2005. That was the point that the first physical gold ETF was listed, and I bought some. Then I bought some more, then I bought some more, and now I have it coming out of my ears.
You could skip this note and just read Alan Greenspan's 1966 essay Gold and Economic Freedom, but his is a little more dense and ideological. His goes something like this: A Treasury bond is a claim, and as you issue more bonds, eventually you have more claims than assets.


That's when inflation happens. We are there.
How We Got Here

Gold has been going up, in fits and starts, since the year 2000.
Y2K was a special time in monetary history .... interest rates were high and currencies were strong. Financial conditions were tight. And the price of gold dropped below $300 an ounce and stayed there for a while.

I remember listening to the financial market report ... and hearing that gold was two hundred-something an ounce. That sounds cheap, I thought.

Fast-forward two decades, and you'll see that the last six months have been unkind to gold.

What's interesting about it is that we've had a boatload of positive gold catalysts : unlimited deficit spending and unlimited monetary easing, not to mention some civil unrest thrown in—yet gold has been the worst-performing commodity.

  • The reason is that lots of people have been attracted to digital gold—Bitcoin.
This is impossible to measure, but it's my belief that Bitcoin has drawn billions of assets away from gold. And in recent weeks, gold and Bitcoin have been negatively correlated. As Bitcoin has gone down, gold has gone up.
Winners & Losers
Bitcoin has proven that it is no store of value, after being so easily manipulated by a temperamental billionaire, in an elaborate pump-and-dump scheme. Nice asset you got there.
You can't do that to gold ... it's simply too big. Even the Reddit jerks who tried to manipulate silver sustained heavy losses. These markets are large and liquid, and it just cannot be done.

Cryptocurrencies are very young. A good analogy is the internet bubble of the late 1990s when there were thousands of (mostly unprofitable) dot-com companies. Fast-forward 20 years, and all of them are gone except for four.

If you had correctly picked those four companies, you were rewarded with unbelievable returns. But if you invested in Webvan's grocery-delivery business, for example, you got a zero.

It's not easy to pick the winners, and that's what we're being asked to do with crypto.

Bitcoin might not be around in five years. Maybe not Ethereum, either. Maybe the winner will be something else. Maybe it will be central bank digital currencies. I put this one in the too hard pile, but I'm pretty sure of one thing. That is…

  • Gold is going to be with us five years from now, and I think the price is going to be a lot higher.
.... Adding gold to a portfolio improves its risk characteristics and dampens volatility.

And no asset class has a greater propensity to disappoint, to sell off at the most inopportune and inconvenient times, and rally when people least expect it.

...I've been dealing with the arbitrary and capricious nature of gold for 16 years, and I've reached the point where I just have a great deal of patience with it. It will go when it goes.

But gold does have a tinfoil hat element to it, though gold investors seem downright sane next to the Bitcoin investors.


The Bitcoin people took [holding] to an extreme, and they're now sitting on a pile of losses. The older I get, the better I feel about taking profits, especially in the trades I like the most.

  • But in gold, there is no reason to take profits until the day that we start running balanced budgets in the United States.
If we get a fiscally conservative president and a hawkish Fed, the jig will be up, and markets will discount that well into the future. So, I am always on the alert if the political winds start blowing in a different direction.

Until then, I will be rolling around with my 30% precious metals position. It does not have a great deal of volatility (at the moment), so it does not cause me a great deal of stress.

And gold appears to be breaking out to retest the old highs of $2,070 or so.

....

from Jarad Dillion. The 10th Man
  Forum: Macro Factors

nipper
Posted on: May 21 2021, 12:50 PM


Group: Member
Posts: 9,139

QUOTE
and LEL off to the races. For a 20c IPO, .... for Day One.


Day 3 looking strong ... 36c to 45c
  Forum: By Share Code

nipper
Posted on: May 21 2021, 10:44 AM


Group: Member
Posts: 9,139

Online retailer Kogan.com has slashed its outlook pointing to its rapid growth during the past year which resulted in supply chain issues, miscalculation of inventory and higher warehousing costs.

$24 at its peak, now sub $9 (and it that now 4 gaps down ?)
  Forum: By Share Code

nipper
Posted on: May 21 2021, 08:47 AM


Group: Member
Posts: 9,139

Newly listed jobs platform Airtasker will return to investors for a capital injection on Friday, seeking to raise $21 million via stockbroker Morgans for an acquisition in the United States.

The acquisition is believed to be San Francisco-based Zaarly, a jobs posting business that focuses on services around the home such as painting and cleaning.

Fund managers said the shares were on offer at $1.00 apiece.

It comes only three months after Airtasker listed at 65¢ a share. The stock last traded at $1.08.

  Forum: By Share Code

nipper
Posted on: May 21 2021, 08:01 AM


Group: Member
Posts: 9,139

Australia has now administered vaccine doses equivalent to 12.5 per cent of the population, according to a note from NAB.

"The pace of the vaccine rollout is trending higher, with administered doses averaging 64,000 doses per day over the past week. In the past 24 hours, a record 95,500 vaccinations were administered."

NAB said those aged 50 years and older, some 8.7 million people, are driving the acceleration after they became eligible for the AstraZeneca vaccine from 03 May.
  Forum: Off Topic Chat

nipper
Posted on: May 21 2021, 07:52 AM


Group: Member
Posts: 9,139

Federal Reserve will issue report on US digital currency

Federal Reserve chairman Jerome Powell said the central bank will launch a centrepiece research paper this [Northern Hemisphere] summer on digital currency and seek public input, as he and his colleagues weigh how to proceed in this area.
"We are committed at the Federal Reserve to hearing a wide range of voices on this important issue before making any decision on whether and how to move forward with a US CBDC," he said in a statement on Thursday (Friday AEST), referring to central bank digital currencies.

The announcement, during a week of intense volatility in cryptocurrencies, marks a shift in momentum on the CBDC topic at the Fed, which until now has mostly been a technological research project at its regional branch in Boston.

Bloomberg

.

.
Bitcoin on bitstamp.net +4.2% to $US$40,219.20
.


endorsement or kiss of death?
  Forum: Investment Discussion

nipper
Posted on: May 21 2021, 12:24 AM


Group: Member
Posts: 9,139

still going. ... at $1.86

CEO Dean Mintz, who established the luxury goods retailer in 2017, owns 66 per cent of the company after selling 50 million shares into the float for $25 million. Regal Funds Management owns more than 23 million shares, making it the largest shareholder after Mr Mintz with 6.05 per cent, and Washington H Soul Pattinson has 5.5 million shares.
Cettire was formed out of Mr Mintz’s Ark Technologies, an incubator with a focus on developing technological innovation in social media, mobile, web applications and e-commerce.

According to the company’s prospectus,
QUOTE
Dean identified a market opportunity to build a global online proposition in the personal luxury goods market, a large market characterised by relatively low (but growing) digital adoption, high fragmentation and scope for attractive unit economics


Sales have risen from $545,000 in 2018 to $22.8 million in 2020. Sales soared 331 per cent to $18.5 million in the March quarter, prompting Cettire to upgrade prospectus forecasts. It now expects sales for the year ending June to reach at least $80 million, up from a previous forecast of $70 million.

It also expects to make a profit, subject to marketing spend, after losing $2 million before interest, tax, depreciation and amortisation in 2020.

  Forum: By Share Code

nipper
Posted on: May 20 2021, 06:57 PM


Group: Member
Posts: 9,139

Is the recent lift in Gold for real or will it fade (again)?
  Forum: Macro Factors

nipper
Posted on: May 20 2021, 03:37 PM


Group: Member
Posts: 9,139

Just opened the 7th ColesLocal store

https://amp-news-com-au.cdn.ampproject.org/...3c974aaa3529dda

Had to laugh; data revealed they sold twice as much tofu as other [non CBD] stores.
  Forum: By Share Code

nipper
Posted on: May 20 2021, 03:29 PM


Group: Member
Posts: 9,139

AnteoTech had received applications totalling $37.1 million by the close of the SPP on 18 May 2021. Given the overwhelming support, the Board has exercised its discretion to increase the SPP from $4 million to $8 million, resulting in $29.1 million to be returned to shareholders.
  Forum: By Share Code

nipper
Posted on: May 20 2021, 03:01 PM


Group: Member
Posts: 9,139

QUOTE
You can dump a share because your dealings with the company are so bad you wonder why they are still are in existence. And this is how I came to sell my Telstra shares an hour before I wrote this.

We have persevered with Telstra for many years despite the difficulty of communicating with them. Earlier this year, when the NBN became available in our area, Telstra rang us continually to convince us to remain with them by switching our Telstra cable internet service to Telstra NBN. We declined and moved the home service to Aussie Broadband.

The Telstra service was discontinued and the associated landline number ported over to a new provider. The problem was that Telstra kept sending us bills telling us that the direct debit to our account would continue.

I rang Telstra where a recorded message told me to use the MyTelstra app on my phone. That was a disaster. Naturally they start the conversation by asking for my full name, date of birth and account number which I duly provided. The next message advised me I was on a contract and there were termination fees. When I asked for a copy of said contract and what the termination fees were for, there was no reply.

What followed was a nightmare. Every time I re-joined the message conversation the cycle re-started with the usual request for name, date of birth etc. and what was I calling about. After having provided the details more than six times, I finally gave up and made my first ever complaint to the Telecommunications Industry Ombudsman. It took three minutes online.

In less than 24 hours after I lodged the official complaint, Telstra had emailed me an apology and promised to refund all the disputed charges. I then tweeted what had happened and within five minutes, Telstra tweeted another apology.

The lesson is obvious – don’t spend weeks fighting with your telecommunications provider. Use Twitter or go straight to the ombudsman. Through either action you’ll get your fast results.
from Noel Whittiker
  Forum: By Share Code

nipper
Posted on: May 20 2021, 12:20 AM


Group: Member
Posts: 9,139

And end April, in Aust, there were some 1.5million customer sign ups, some 429,000 active customers and $737M under management, retail being $640M and superannuation some $87M. As well, Malaysia and Indonesia were growing in sign ups and active customers ... 102,000 and 58,000 respectively (FUM not mentioned)

There was a cap raising of $10M in April with a SPP looking for a further $3M, both at $1.50 a share.
Currently $1.30

Raiz is looking to acquire of Superestate Pty Ltd, a fund manager of a residential REIT and the promoter of the Superestate superannuation fund.

QUOTE
Through the proposed acquisition of Superestate Raiz hopes to be able to offer investors access to residential real property as an asset class – both inside superannuation and outside through the Raiz platform offering. Raiz listens to its investors and responds by providing access to alternative asset classes .. like Bitcoin (which investors can access through the Raiz platform outside superannuation) and, following successful completion of the Superestate acquisiton .. residential real property
  Forum: By Share Code

nipper
Posted on: May 19 2021, 04:17 PM


Group: Member
Posts: 9,139

bad news for EML ... down 40%

QUOTE
EML advises that its Irish regulated subsidiary, PFS Card Services (Ireland) Limited, has received correspondence from the Central Bank of Ireland, including a letter received on Friday 14 May 2021 (Australian time) raising significant regulatory concerns. The CBI is the relevant regulator in Ireland.

The CBI's concerns relate to PCSIL's Anti-Money Laundering / Counter Terrorism Financing, risk and control frameworks and governance. The Correspondence states that the CBI is minded to issue directions to PCSIL pursuant to section 45 of the Central Bank (Supervision and Enforcement) Act 2013.

EML came out re-iterating guidance "excluding costs and impacts" but that is like a bit pregnant. Doesn't happen like that. There are going to be costs, and enquiries.

One commentator spells it out: In the worst case scenario, their PFS business is done and dusted, and this action will force regulators in Australia and the USA to take a close look at the company's operations. .

.https://arichlife.com.au/eml-payments-asx-eml-share-price-plunges-on-central-bank-of-ireland-investigation/
  Forum: By Share Code

nipper
Posted on: May 19 2021, 04:06 PM


Group: Member
Posts: 9,139

a piece from Stockhead... Nothing new.
https://stockhead.com.au/resources/all-you-...-energy-asxlel/
  Forum: By Share Code

nipper
Posted on: May 19 2021, 03:06 PM


Group: Member
Posts: 9,139

14.5C ..... weird. Commiserations.
  Forum: By Share Code

nipper
Posted on: May 19 2021, 02:47 PM


Group: Member
Posts: 9,139

and LEL off to the races. For a 20c IPO, opened at 36, hit 40 and still trading around 38c for Day One.
  Forum: By Share Code

nipper
Posted on: May 19 2021, 02:36 PM


Group: Member
Posts: 9,139

IXU got to 19c, quite active buying. And today announced a well received acquisition
Binding Share Purchase Agreement signed for IXUP to acquire 100% of UK-based SaaS technology company DataPOWA Limited for maximum consideration of $12M
• The Acquisition follows on from collaboration initiatives between DataPOWA and IXUP which have led to the recent commercial deployment of the ‘POWA Index 2.0’ product, which combines DataPOWA’s revolutionary AI-driven sports sponsorship asset valuation tool with IXUP’s secure data collaboration engine.
• The Acquisition has been structured to secure maximum value for IXUP shareholders from the value to be unlocked by the imminent commercialisation of the POWA index, the deployment of IXUP’s technology through DataPOWA, as well as providing a clear path to market for IXUP’s technology within the sports data market.

• Highlights the value of IXUP’s Secure Data Engine as a valuable ‘key’ to unlocking value in the sports data market for all participants who have information assets that they are unable to share or commercialise due to concerns around privacy, compliance and/or cyber security.
IXUP’s strategic repositioning within the large and lucrative sports data market is expected to deliver significant product integration and new product development opportunities and will be strategically guided by a world class team of partners and incentivised advisors.
• The timing of the Acquisition is highly strategic, as:
..o.. it enables IXUP to acquire a synergistic and complementary business with associated domain expertise that is poised for accelerated revenue and customer growth;
..o.. it accelerates IXUP’s commercialisation plans; and
..o.. the sports data market notably intersects the international digital sports betting market, which is rapidly growing due to the deregulation of the US markets which in turn is increasing the value of, and need for, sports data.

  Forum: By Share Code

nipper
Posted on: May 19 2021, 12:43 PM


Group: Member
Posts: 9,139

Raiz Invest Limited (RZI) provides financial services and products through its mobile first micro investing platform which offers its customers an easy way to regularly invest either small or large amounts of money using the Raiz mobile application or through the Raiz website in Australia, Indonesia and Malaysia.

The platform is aimed to be one that is reaching out to the next generation of investors; its founder George Lucas cut a deal with US pioneer Acorns, which provides first-time investors access to markets using an ingenious method of rounding up purchases to the nearest dollar, investing the pocket change or acorns in low cost passive exchange traded funds (ETFs).

Together they set up Acorns Australia as a joint venture, establishing a managed investment scheme which invests in ASX listed ETFs. A user account is a subtrust of the scheme, effectively giving them fractional shares in the underlying funds from big fund managers such as Vanguard, BlackRock and State Street. It also provides bitcoin exposure in one of its portfolio options but keeps the weighting capped at just 5 per cent.

The JV ended in 2017 and the business changed name to Raiz Invest. Acorns remains a minority shareholder. Given it was the first time fractional shares in Australian listed ETFs had been executed, there were a lot of legal hoops to jump through.

This is a very different model to some of the headline grabbing platforms such as Robinhood that claim to be democratising investment. That there are moves to revoke that fintech's market licence in some USA state jurisdictions is a reflection of concern, with accusations of perpetuating a "pattern of aggressively inducing and enticing trading among its customers .... with little or no investment experience".

The platform gained momentum during Covid lockdowns. Raiz had almost 430,000 customers at 30 April, with $783 million in funds under management (FUM). Inflows to the app surged during the pandemic, with an 82 per cent lift in FUM in the 12 months through to April. However, whether some of these numbers imply real and engaged customers is always problematic. Raiz was launched in Australia in February 2016 and at its IPO in mid 2018 stated it had amassed over 440,000 customer sign-ups, 155,000 active monthly customers and $170 million in funds under management.

So, it may seem that the total customer base is static but FUM implies more investment by those actively involved and comfortable with the platform. In all likelihood, regular users would tend towards a Pareto distribution? (in other words, not as utilised as they claim?)

Founder CEO comes from conventional funds management; having built a business that manufactured fairly complex structured products, distributed via an expensive model of relationships with licensed financial planners, he was enticed by the prospect of acquiring young customers very cheaply on the internet.

Of course this is not a unique offering; the fintech model is based on acquiring customers through digital engagement. Other players offering micro investment that have a managed investment scheme structure include Spaceship, Upstreet and many others. Another newcomer, Pearler, is an actual trading platform where users can buy and sell individual shares and managed funds. So, with myriad offerings competing for the eyeball, the app click and the investor dollar, the aim of a digital platform is to own the customer, and upsell with insurance and other products, offer finance and capture data.
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nipper
Posted on: May 19 2021, 12:26 AM


Group: Member
Posts: 9,139

Ticor Ltd (TOR) was delisted in 2005.

There is a possibility that Torque Metals (TOR) will list with this code. It is a mineral exploration company focussed on the discovery of high-value deposits in well-established mineral provinces throughout Australia.

But that was 2018 when it was slated to raise capital and list. The Company exercised its option to purchase the 100% interest in the Bullfinch Project from Talga Resources Limited on 17 July 2018. Then in April 2021, there was an indication a 24 May listing was on the cards, with a $7 million IPO at 20c.. This has slipped to 03 June 2021
  Forum: By Share Code

nipper
Posted on: May 19 2021, 12:18 AM


Group: Member
Posts: 9,139

DGL Group Ltd (DGL) is an integrated trans-Tasman business. Its service offering includes chemical formulation and manufacturing, warehousing and distribution, and waste management and recycling.

It is looking to raise $100 million at $1.00 a share and should list on the ASX on 24 May 2021.


DGL is a well-established specialty chemicals and dangerous goods business offering solutions from manufacturing to recycling. DGL employs over 280 people and operates a network of 26 sites in Australia and New Zealand with approximately 140,000 tonnes of manufacturing capacity, 126,000 tonnes of chemical storage, and 174,000 tonnes of waste processing capacity.

The DGL business was founded by Simon Henry in 1999 and has established itself as a leader in the sector through a combination of organic growth and targeted acquisitions of business, property and other assets. DG's portfolio of assets and capabilities allows it to offer its customers a range of services across specialised chemical formulation and manufacturing, warehousing and distribution and waste management and recycling.

During 2020, DGL served more than 1,300 pro forma customers (including customers acquired as part of its recent Chem Pack acquisition), across Australia and New Zealand from industries including agriculture, water treatment, mining, construction, automotive, food, pharmaceutical, lead smelters, plastic recyclers, galvanisers, manufacturing, home and garden, and chemical suppliers. DGL integrates deeply into its customers' processes and workflows at multiple levels, resulting in loyal and long-tenured customer relationships.
  Forum: By Share Code

nipper
Posted on: May 19 2021, 12:08 AM


Group: Member
Posts: 9,139

DC Two Ltd (DC2) provides data centre and cloud hosted services, data centre hosting and colocation, data centre and cloud automation software and modular data centre and hosting solutions in Perth, Darwin and regional locations.

The Company delivers this via a suite of vertically integrated services covering a large range of the data centre and cloud technology stack. From the physical infrastructure and services of the data centre itself, through to cloud hosted customer servers and virtual desktops. All of this is controlled, connected, accessed and managed via DC Two's in-house developed hardware and software-based self-service and automation focused products, enabling flexible and compliant control and management of the entire stack.

The Company has continued to invest in innovative areas of the cloud business and is productising* its software management assets and deploying localised data centre capacity in the high growth Modular Data Centre space.

*not sure what productising is.


DC2 listed on the ASX on 11 Nov 2020, and had a run that day, 40c to 60c, and back to 40c. Now trading in the sub 30c range.
  Forum: By Share Code

nipper
Posted on: May 19 2021, 12:01 AM


Group: Member
Posts: 9,139

CSM, CONSOLIDATED MINERALS LIMITED is long gone 2008

in a new incarnation, CSM has been assigned to Cosmo Gold Limited , which was incorporated as a wholly-owned subsidiary of 3D Resources Limited (ASX: DDD) in October 2019, with a view to becoming the holder of the Cosmo Newbery Project. The Company now holds the Cosmo Newbery Project located around the Cosmo Newbery aboriginal community approximately 90km north-east of Laverton in Western Australia.
However, the slated IPO date of 24 March is long gone. There is a possibility that it may list on 18 June, according to the ASX website. Hoping to raise $6 million at 20c a share.
  Forum: By Share Code

nipper
Posted on: May 18 2021, 09:40 PM


Group: Member
Posts: 9,139

QUOTE
at these prices any meaningful move would start with at least 50% in a day
like today's ?
  Forum: By Share Code

nipper
Posted on: May 18 2021, 03:21 PM


Group: Member
Posts: 9,139

Trajan Scientific & Medical Ltd (TRJ) has a prospectus currently doing the rounds, looking to raise $90million at $1.70. The offer is open for another week and Trajan is likely to list on ASX on 07 June 2021. Its primary focus will be the development and manufacture of analytical and life sciences instruments and devices

Trajan's operations were initiated by the acquisition of two pathology consumables businesses in 2011 and 2013.

In 2013, Trajan made the significant acquisition of the chromatography and liquid handling businesses of SGE Analytical Science, a business operating in the highly specialised analytical syringe sector, as well as having a range of other chromatography products.

In 2015, Trajan made the strategic decision to focus its core expertise and operations on where it could impact data quality, being everything that touches the sample in the analytical workflow. Trajan invested significantly in the modernisation of its manufacturing processes and relocated its US and European operations into modern, custom‑fitted facilities, as it did with workflow automation provider LEAP Technologies, Inc. , which was acquired in 2016.

Trajan has operations in Australia and across the United States (US), Europe and Asia.
  Forum: By Share Code

nipper
Posted on: May 18 2021, 03:13 PM


Group: Member
Posts: 9,139

Pepper Money Limited (PPM) is one of Australia and New Zealand’s largest non-bank lenders, focused on underserved customer segments, and currently offers three broad categories of products including Mortgages, Asset Finance and Loan and Other Servicing.

Pepper Money is a technology enabled lender, with purpose built data analytics and technology to inform credit decisioning, provide flexibility and drive performance across its business.

Since 2014, Pepper Money has assisted more than 220,000 customers.
After increasing the capital raise to $500million, at $2.89 a share, the IPO is slated to happen on 25 May 2021.
QUOTE
Nonbank lender Pepper Money has increased its initial public offering to $500 million from $450 million .Pepper’s brokers told fund managers on Thursday that the increased offer would see the company’s owner, KKR-led Pepper ANZ Hold Co, own 60.6 per cent of the company on listing rather than the earlier advertised 64.5 per cent.
The added $50 million would be used to repay debt. Outside shareholder ownership would increase to about 40 per cent of the group on listing.



  Forum: By Share Code

nipper
Posted on: May 18 2021, 03:06 PM


Group: Member
Posts: 9,139

IPO was a few days late ... listed 18 May.... not auspicious,,,,, trading down at 18c
  Forum: By Share Code

nipper
Posted on: May 18 2021, 03:04 PM


Group: Member
Posts: 9,139

up 25% today on the Turnberry upgrade
  Forum: By Share Code

nipper
Posted on: May 18 2021, 02:56 PM


Group: Member
Posts: 9,139

anyone mention Boron Nitride Nanotubes?

High purity Boron Nitride Nanotubes (BNNT) are produced by BNNT Technology Limited using patented Deakin University technology. Deakin University and PPK are joint venture partners in BNNT Technology Limited. ASX listed PPK holds a 50% interest in BNNTTL.
QUOTE
Deakin University have advised PPK that following some major breakthroughs in equipment design and production methods, they have been able to produce 1kg of BNNT over a 5-day period from a single module (refer to the BNNT Production Report annexed hereto). This means annual BNNT production capacity per module could be in the order of 50kg which is more than three times the original BNNT production estimate of 15kg p/a per module as previously reported. Importantly, the finished BNNT product still achieves >95% purity.

The cost of each module has gone from $700,000 to only $850,000 to achieve this increase in production. This breakthrough means that BNNT Technology Limited is now the lowest cost pure BNNT producer in the world.

The application is for Lithium Sulphur batteries (another player in the race for the optimal Li battery)
  Forum: By Share Code

nipper
Posted on: May 18 2021, 02:38 PM


Group: Member
Posts: 9,139

and, a month ago,
QUOTE
PPK) is delighted to report that a breakthrough in equipment design and production methods has achieved a major uplift in BNNT production capacity.

High purity Boron Nitride Nanotubes (BNNT) are produced by BNNT Technology Limited using patented Deakin University technology. Deakin University and PPK are joint venture partners in BNNT Technology Limited. PPK holds a 50% interest in BNNTTL.

and today .... developed a new Lithium Sulphide battery using BNNT technology
up 10% and now over $12. .... was under $1.00 in 2018
  Forum: By Share Code

nipper
Posted on: May 18 2021, 01:33 PM


Group: Member
Posts: 9,139

Is this the same crowd that was operating before as a real estate and regional shopping centre company?
QUOTE
PPK Group Limited will be reinstated to official quotation as from the commencement of trading on Wednesday, 16 August 2017 following the Company having released its financial report for the year ended 30 June 2015, and other outstanding reports for the 2015 and 2016 financial years and complying with all other ASX conditions of reinstatement.

It could quite well be, a decade on, as I recognise one of the directors ... still there since the GFC (and put in money in 2019).

but now, PPK Group Limited (PPK) is involved in the manufacture of high-grade boron nitride nanotubes (BNNT). It also designs, manufacture, service, support and distribution of CoalTram and other underground diesel vehicles, alternators, electrical equipment, drilling and bolting equipment and mining consumables and the hire of underground coal mining equipment.

and .... PPK holds a 20% equity stake in AMAG Holdings Australia Pty Ltd following a $1.5 million investment in December 2020. AMAG is advancing the development of the world's first Software-as-a-Service (SAAS) using artificial intelligence, video analytics, deep learning and advanced econometric technologies for managing road safety. AMAG has been developed as a partnership between the University of Queensland, University of British Columbia, Queensland University of Technology and commercialisation support from UniQuest.
  Forum: By Share Code

nipper
Posted on: May 18 2021, 01:04 PM


Group: Member
Posts: 9,139

Latitude Consolidated Limited (LCD) is an exploration company domiciled in Australia and focused on unlocking highly prospective exploration Opportunities in Australia and Africa.
10,000m Drill Program Underway

Building on a large existing high grade gold resource
High grade Andy Well and Gnaweeda Gold Project purchased from Silverlake Resource for $10 per resource ounce ($8m) in February 2021
▪ High confidence, high grade 776,000 ounce gold Mineral Resource (67% in Measured and Indicated classification)
▪ $30m geological dataset acquired with the project ... 786,500m drill hole database, aeromagnetic, sub-audio magnetics and gravity data
▪ Strategic land holding in Murchison Gold Field ... 343km2 Mining Leases and Exploration Licenses
▪ Central to 3x large gold processing mills
▪ 10,000m drill program underway and with $3.9m cash at the end of March 2021 the Company remains well funded for future exploration


Also, Murchison Gold Project contains Turnberry deposit which was upgraded today to 3.1Mt @ 2.6.g/t Au for 1,115,000 ounces, an increase of 125%. Turnberry has a current strike length of 1.5km and remains open to the north, south and at depth. It averages 1,850 ounces per vertical metre from surface to a depth of 200m where the density of drilling reduces significantly.
  Forum: By Share Code

nipper
Posted on: May 18 2021, 12:54 PM


Group: Member
Posts: 9,139

AOU keen to resume its high-grade copper and zinc search in South Australia and that is now imminent following successful land access talks and recent bolstering of Auroch's treasury. Follow-up reverse circulation drilling at the Ragless Range zinc prospect at Arden is expected to start in coming weeks.

The work will pick up from Auroch's maiden drilling success in the area in 2018 when it intersected a spectacular 15.47 per cent zinc over 3.65m from 62.15m depth and hit sedimentary-exhalative style, or "SEDEX" base metals mineralisation in all 10 holes of the initial program. The rich intercept was contained in a broader 8.15m grading 7.52 per cent zinc and 0.02 per cent lead.

SEDEX zinc mineralisation in up to three horizons was said to extend over at least 3km of strike and remain open "in every direction".
QUOTE
We know from our previous drilling that there is high-grade zinc mineralisation in the area and we have potential for scale with a compelling anomaly with over 2km of strike, so we look forward to the program and the results it will bring.

Auroch Managing Director, Aidan Platel
About 1,000m of RC drilling in 3-5 holes is planned with a rig currently being sourced and final preparations underway.

Also, a diamond drill program testing high-priority EM targets at the Nepean Nickel Project has been underway since early May and the second phase of RC drilling to test geochemical and geophysical targets along the Nepean strike is due to commence at the end of this month.
  Forum: By Share Code

nipper
Posted on: May 18 2021, 08:22 AM


Group: Member
Posts: 9,139

Point Nemo... Where space junk goes to die


https://amp-dw-com.cdn.ampproject.org/v/s/a...ce%2Fa-57529488
  Forum: Off Topic Chat

nipper
Posted on: May 17 2021, 09:19 PM


Group: Member
Posts: 9,139

CBA getting close to $100.


And I noticed Klarna is hooking up with Flybuys; Got a promotional blurb (which I won't take up) today. More loyalty capture, and I get the feeling only the big players will be left standing in a year or two . Incumbency brings advantage.
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nipper
Posted on: May 17 2021, 06:24 PM


Group: Member
Posts: 9,139

QUOTE
Sic is a Latin term meaning “thus.” It is used to indicate that something incorrectly written is intentionally being left as it was in the original. Sic is usually italicized and always surrounded by brackets to indicate that it was not part of the original. Place [sic] right after the error.
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nipper
Posted on: May 17 2021, 01:38 PM


Group: Member
Posts: 9,139

Viva Energy B.V.
44.84% Sumitomo Mitsui Trust Holdings Inc
5.11%
  Forum: By Share Code

nipper
Posted on: May 17 2021, 12:10 PM


Group: Member
Posts: 9,139

Viva Energy Group (VEA) is one of Australia's leading integrated downstream petroleum companies.

VEA listed on the ASX in July 2018. Over the three years prior to listing, Viva Energy has supplied over 14 billion litres of petroleum products annually, representing approximately a quarter of Australia's fuel needs.

Viva Energy generated Pro Forma Underlying EBITDA of $634.3 million in FY2017A, and operates across three business segments:
  • Retail, Fuels and Marketing;
  • Refining; and
  • Supply, Corporate and Overheads.
In addition, Viva Energy owns:
... 38% of Viva Energy REIT, an ASX listed company and property trust that owns service station property assets that it predominantly leases to Viva Energy. Viva Energy REIT had a market capitalisation of approximately $1.5 billion as at close of 19 June 2018; and
... 50% of Liberty Oil, an independent fuel retailer and wholesale distributor in Australia, with a strong presence in regional markets, country wide.
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nipper
Posted on: May 17 2021, 12:06 PM


Group: Member
Posts: 9,139

at least the subsidy is going to an ASX listed entity. And something had to happen; too much global uncertainty

Key points
Ampol welcomes the Federal Government’s proposed support for Australian refineries, which provides a variable support payment of up to $108m pa for Lytton operations during periods of low refining margins
• The package also provides for a funding grant of up to $125 million from the Federal government to undertake infrastructure upgrades to produce ultra-low sulfur petrol
• Ampol intends to continue refining at Lytton until at least mid 2027, in accord with the package requirements, provided that the legislation is enacted and government support initiatives are finalised as proposed
• With ongoing refining operations, Ampol will realise benefits afforded to Australian refiners under proposed minimum stock holding obligations, including lower holding obligations, reducing working capital requirements and avoidance of costs on incremental storage
• Ampol’s decision maximises shareholder value, and enables progress towards alternative uses for this strategic site, while preserving and developing manufacturing skills that will be critical for success in the energy transition
• Support during periods of low margins improves the quality of Lytton’s earnings profile by significantly reducing earnings volatility and earnings downside risk, which should result in a higher earnings outcome on average
• Reduced volatility will improve earnings quality, lower average cost of capital, and enable Ampol to increase its target leverage range to 2.0x – 2.5x Adj. Net Debt / EBITDA, in turn supporting incremental growth and/or shareholder returns
• The Federal Government recognises that fuel security and energy transition are linked, and has confirmed an intention to work in partnership with Ampol to leverage its privileged assets, supply chain expertise and customer positions in shaping the energy transition and developing future energy solutions for Australian businesses
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nipper
Posted on: May 17 2021, 12:02 PM


Group: Member
Posts: 9,139

Delisted ... way back in 2007

shareholders registered on the Record Date received from VA Australia Finance, A$3.61 cash per Veda Advantage share consisting of A$3.51 per share in scheme consideration from VA Finance (paid on 09 July 2007) and A$0.10 per share by way of fully franked special dividend from Veda Advantage (paid on 6 July 2007)
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