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nipper
Posted on: Today, 04:22 PM


Group: Member
Posts: 9,501

BSL is in rude health .... it has not been doing so well since the GFC. SP now $24.50
QUOTE
its earnings before interest and tax would total $1.72 billion for the year ended June 30, blowing past analyst forecasts for EBIT just below $1.6 billion.
EBIT in the June half to hit $1.19 billion, up from previous guidance of $1.08B.
.
...in the US, where BlueScope is enjoying the best conditions in generations, as demand from the automotive, manufacturing and non residential construction sectors propel prices of hot rolled coil (HRC) steel to levels not seen in decades. A year ago, HRC prices were sitting at $US428 per short ton; now, prices are about $US1800, and lead times to get steel delivered have blown out to 10 weeks.
Demand in Australia and New Zealand was strong, with growth in the construction, distribution and manufacturing sectors helping domestic steel mill sales rise above 1.3 million tonnes, the highest level since 2008. Local EBIT jumped 60 per cent in the second half compared with the first, suggesting a full-year result of about $673 million, compared with the year-earlier $305 million.
  Forum: By Share Code

nipper
Posted on: Today, 12:58 PM


Group: Member
Posts: 9,501

and something extra on API that may well be seen as additional if unquantified value at present. Definitely WES would be aware if this, with their digital strategy, that has a focus on leveraging data and digital platforms to develop new revenue streams (including Catch).

From Anton Tagliaferro at IML:
QUOTE
Australian Pharmaceutical Industries (API) recently received a bid from Wesfarmers at $1.38 per share. Wesfarmers has clearly been attracted to APIs strong position within the in demand health and wellness industry. API’s stable, cash generative wholesale pharmaceutical distribution division provides a solid platform enabling the company to invest in its growing Priceline national franchised pharmacy network and Clear Skincare Clinics beauty treatment business.

API has several significant long term upside opportunities. The company is the number two player behind Chemist Warehouse in a fragmented retail pharmacy sector, and is adding 10 to 15 pharmacies to its network each year. We believe that over time, an increasing number of independent pharmacies will find it difficult to remain viable businesses, which should enable API to attract more pharmacies to Priceline, increasing the earnings from this division.

One of the hidden gems that we believe the market has not recognised is Priceline’s seven million member Sisterhood loyalty program. This gives API valuable opportunities to market offers and discounts to Priceline customers, driving bigger basket sizes (the number of items sold in a single purchase) and more repeat business. The loyalty program also represents a strong opportunity to cross-market Clear Skincare Clinics products and services to what is an overlapping customer base.

  Forum: By Share Code

nipper
Posted on: Today, 12:50 PM


Group: Member
Posts: 9,501

Anton Tagliaferro from IML has a well reasoned view on likely Corporate Activity
QUOTE
Government and central bank responses to the COVID 19 pandemic have created a window of opportunity for many corporates and strategic buyers to execute on their long held M&A ambitions, or to realise significantly higher proceeds from divesting assets.

A well-executed acquisition can bring scale, integration benefits, and new capabilities which can strengthen a company's future earnings and improve its competitive position in its industry. Ultralow interest rates also make the economics of using debt to partially or fully fund an acquisition more potentially favourable.

With the return on risk free assets essentially zero, and the cost of borrowing longterm debt so low, the incentive for many corporates and private equity players to acquire high cash generating businesses using high amounts of low cost debt is very strong. The high levels of government, corporate and household indebtedness also means that it is unlikely the cost of debt will rise significantly any time in the near future, despite current concerns about inflation.........

https://www.sharecafe.com.au/2021/07/26/iml...orate-activity/

We expect a number of companies .......... to make acquisitions which will be earnings accretive, which will allow the business to increase scale and further strengthen competitive advantages, expand market share, and ultimately enable the company to grow its business faster over time:

Amcor (ASX: AMC) is one of the largest global packaging suppliers, has a strong balance sheet, and is using its strong cashflows to undertake a US$350 million share buyback.
CSL (ASX: CSL) is the clear global leader in plasma/blood products, has a track record of making astute and sensible acquisitions over its history, and as a result, has been able to generate consistently higher returns than many of its competitors.
Orica (ASX: ORI) is the largest explosives player in the world with a unique network of plants. Orica is completing the integration of Exsa, the leading manufacturer and distributor of industrial explosives in Peru, establishing Orica as the number one player in Latin America. Further acquisitions, in conjunction with Orica's investment in research and development and technology to drive the development of new products, will enable Orica to generate stronger earnings growth and grow its market share further.
Sonic Healthcare (ASX: SHL) is a pathology company which has undergone significant global expansion over the past 20 years, and has also been expanding its radiology footprint in Australia. The strength of Sonic's cashflows, combined with the company's extremely low debt, means that the firm's balance sheet is in its healthiest state in 20 years. This puts Sonic in a much better position than many of its smaller or more leveraged competitors, and we expect Sonic's highly capable and experienced management team to make further earnings accretive acquisitions.


The following is a selection of companies we own in our Funds which are already or which we believe are likely to be attractive to corporate players as their share prices look undervalued given the position of each company in its respective industry.


Australian Pharmaceutical Industries (ASX: API)

Insurance Australia Group (ASX: IAG)

Incitec Pivot (ASX: IPL)

SkyCity Entertainment (ASX: SKC)

United Malt (ASX: UMG)
  Forum: Investment Discussion

nipper
Posted on: Today, 12:29 PM


Group: Member
Posts: 9,501

the listing of United Malt UMG came after the initial Covid selldowns. It came to market in the low $4s and in May 2020 achieved a $140million placement plus SPP of $25M at $3.80. This was described as a preemptive strengthening of the balance sheet ... and seemed to achieve SP stability.


The first set of results announced to market, FY20, in Nov 2020 were well received though Feb 2021A GM presentation and numbers were not, and SP dropped to $3.60.. Since then it has recovered, and probably related to the markets in which it operates getting on top of Covid, to some extent, and economies opening up.


Now trading around $4.70, some commentators see UMG as a potential target. From Anton Tagliaferro at IML:
QUOTE
United Malt is one of the largest malting companies in the world and is the only listed player in the industry. United Malt is a relatively new listing to the ASX having been demerged from Graincorp. United Malt was demerged in early 2020 partly in response to several buyout proposals that Graincorp had received for the company.

The company owns and operates 12 processing plants and a network of 21 distribution warehouses across North America, the United Kingdom, and Australia. These malting plants are strategically located close to barley-producing geographies and to brew houses or distillers that require a steady supply of malt to manufacture beer and whiskey. United Malt also services the fast-growing US and Australian craft beer markets, supplying a range of malts along with other products and services. Scotch whiskey production is also growing on the back of strong demand for pure malt whiskeys.

United Malt earnings were affected by the lockdowns implemented over the last 12 months, with on premise consumption hitting the firm’s craft beer customers particularly hard. As lockdown restrictions are easing in most parts of the world, on premise volumes are returning to more normal levels as demand for beer particularly from craft brewers increases and this is generating an improved outlook in demand for malt.

The longer term outlook for craft beer remains positive as consumers switch to the fuller flavours of craft brews, which should underpin demand growth in the United Malt brew services division. The company is also in the middle of a transformation program expected to deliver A$30 million in savings over the next three years through improved warehouse utilisation, production enhancements to processing plants and route optimisation.

Given these forthcoming improvements and given previous corporate interest in the company, it would not be surprising if United Malt attracted takeover interest, given the entrenched market position of each of the firm’s plants, the company’s fairly predictable cashflows, and the growth opportunity offered by craft brewery and whiskey distilling. Similar companies have traded at higher multiples in the private market than United Malt currently trades on. With interest rates so low, the predictable cashflows United Malt produces would be attractive to a cashed up acquirer. Further, we believe United Malt may be attractive to private equity players on the basis that each region could be sold separately to an in market operator which could extract significant synergies when acquiring United Malt.


  Forum: By Share Code

nipper
Posted on: Today, 12:12 PM


Group: Member
Posts: 9,501

2016 ... through a wholly owned subsidiary, Diversified Minerals Management Pty Ltd acquired shares in Unity Mining UML and shareholders received 3.3 cents per share in cash, comprising 2.3 cents by way of Scheme consideration and 1.0 cent by way of capital return

Delisted 06/06/2016
  Forum: By Share Code

nipper
Posted on: Today, 11:49 AM


Group: Member
Posts: 9,501

the Quarterly out and punters seem encouraged .... hitting highs of 35c

The Bulge Ultramafic Complex

Rosie Project (100% DKM)
• Scoping study completed with positive outcomes
• A Scoping Study confirms the viability of a mining, trucking and toll treating operation assuming an 8 -year mine life.
• Diamond drill program in full swing at Rosie, 1300 metres and eight drillholes completed ... mineralisation intersected in all completed drillholes.
• First assay results expected in the next few weeks.
• Drill program now extended to include one diamond drillhole at C2 Nickel Resource for further metallurgical studies


Corporate
• Review of development options for Rosie and C2 underway
• Review of multiple external opportunities ongoing
• Cash and liquids at 30 June 2021 of $30.3 million
  Forum: By Share Code

nipper
Posted on: Today, 10:19 AM


Group: Member
Posts: 9,501

Sorry for the heart attack, eb !!!

The bottom line dropped off, and I thought 1.20 was not right, so I managed to edit it .. 👍
  Forum: By Share Code

nipper
Posted on: Today, 09:43 AM


Group: Member
Posts: 9,501

Japara Healthcare's seven year stint on the ASX boards is set to come to an end.

It is understood the board has decided to accept a binding bid from Calvary Care, formerly known as Little Company of Mary Health Care, with a deal to be announced on Tuesday morning.

Calvary is a significant player in health and aged care, operating 14 public and private hospitals and 17 retirement and aged care facilities nationally.

It put Japara in play with a $1.04 a share indicative bid in April, before increasing its offer to $1.20 and securing due diligence in June.
It has increased its offer again to $1.40 a share to get the board recommendation. The deal is set to be done via a scheme of arrangement.
  Forum: By Share Code

nipper
Posted on: Today, 09:37 AM


Group: Member
Posts: 9,501

Aquirian Limited (AQN) is an emerging global oriented provider of innovative solutions to the resources market with offerings that deliver capability and resourcing to support its clients across the sector.

The Aquirian business was founded in 2017 with the incorporation of TBS Mining Solutions. TBS Mining Solutions provides consumable products, blasting products and equipment to the mining sector. In 2018, TBS Workforce was established. TBS Workforce provides labour hire services to the mining industry.

Subsequently, Aquirian has made 2 strategic bolt on acquisitions to strengthen, diversify and further grow its operations. In 2019, it acquired Modular Training, and in 2020, it acquired the Maglok Australia business. Modular Training provides specialised shotfiring training services to the mining industry and Maglok Australia provides explosive storage products to the mining, defence and law enforcement industries.

Aquirian operates a multi disciplined integrated business model primarily focused on the mining industry. The Aquirian Group comprises 2 key divisions, as follows:
  • Mining Services Division:
    • ... TBS Mining Solutions
    • ... Maglok Australia
  • People Services Division:
    • ... TBS Workforce
    • ... Modular Training
Each division accounts for approximately half of the total revenue of the Aquirian Group. The acquisitions of Maglok Australia and Modular Training are relatively recent. Accordingly, these businesses are still in their infancy as part of the Aquirian Group.

Listing date... 27 July 2021 11:30AM AEST ##

Contact details .... https://www.aquirian.com/
Principal Activities .... Emerging global oriented provider of innovative solutions to the resources market with offerings that deliver capability and resourcing to support its clients across the sector.

Issue Price ...... $0.20
Issue Type ....... Ordinary Fully Paid Shares
Security code ... AQN
Capital to be Raised ... $8,000,000

Expected offer close date ... 16 July 2021
Underwriter.... Not underwritten. Pursuit Capital Pty Ltd and JP Equity Holdings Pty Ltd (Joint Lead Managers)
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:52 PM


Group: Member
Posts: 9,501

$4.50 to $7.40 in the last 6 months

Building nicely; now a $700 million company
  Forum: By Share Code

nipper
Posted on: Yesterday, 08:48 PM


Group: Member
Posts: 9,501

QUOTE
AFI reports on Monday ..... And I wonder how their International LIC is coming along?


AFIC has also hinted it will launch an international equities LIC after building a $48 million holding of global stocks.

A lot of the international products I am seeing are 1 per cent plus performance fees. If we can make a profit at 1 per cent or less with no performance fees, I think that is a product many investors would like, Mr Freeman said. It is still very early days.


From the FY21 Report:
QUOTE
As first signalled at the AGM in October 2020, a small part of our funds, $48 million (which represents approximately 0.5% of the portfolio) was invested into a diversified global equities portfolio during the latter half of the financial year. This consists of what we have assessed to be high quality companies with a strong competitive advantage, good growth potential and across a broad range of industries. This activity is potentially a precursor to establishing a separate low cost international Listed Investment Company in the future...
  Forum: By Share Code

nipper
Posted on: Yesterday, 07:50 PM


Group: Member
Posts: 9,501

JTL is in a TH pending an announcement by the Company to the market regarding a strategic investment



. . At 2.7c back where it was a year ago (was above 5c in March). Market Cap is all of $6 million
  Forum: By Share Code

nipper
Posted on: Yesterday, 06:24 PM


Group: Member
Posts: 9,501

Zip said banks are forcing the closure of buy now, pay later accounts before approving mortgages....


I am with the banks on this one. If everyone is calling for Responsible Lending, then there has to be Responsible Borrowing, too. (Oh what is that; it is not Credit because the costs are borne by the merchant ? )

Maybe regulating BNPL would be a good idea?
  Forum: By Share Code

nipper
Posted on: Yesterday, 04:18 PM


Group: Member
Posts: 9,501

and closed on Day One at a high for the day; $2.40
  Forum: By Share Code

nipper
Posted on: Yesterday, 03:57 PM


Group: Member
Posts: 9,501

Maiden Indicated Resource for Lake Throssell Sulphate of Potash Project

Indicated Resource is based on results of recent trench pump trials of the Surficial Aquifer resource and will underpin the Scoping Study due for completion in late Q3


Highlights
Maiden Indicated Mineral Resource estimate of 1.9Mt of drainable Sulphate of Potash (SOP) at 4,985mg/L potassium (or 11.1kg/m3 K2SO4), with 13% of the total Mineral Resource now in the higher confidence Indicated status
• Total Mineral Resource of 14.3Mt of drainable SOP at 4,665mg/L potassium (or 10.4 kg/m3 K2SO4)
• Multiple trench pumping tests have demonstrated the geological continuity of brine grade and extraction from the surficial aquifer
• Over 95% of the mineralised blocks from the top 6 metres of the surficial aquifer resource model converted to Indicated status
• Further work programs planned
  Forum: By Share Code

nipper
Posted on: Yesterday, 01:53 PM


Group: Member
Posts: 9,501

Lynas Rare Earths ended the year with a record quarter of revenue and sales receipts, driven by sustained demand for its products and strong market pricing.

The company reported quarterly sales revenue of $185.9 million and sales receipts of $192 million.

Total rare earth oxide production was 3778 tonnes. Neodynium / praseodymium production of 1393 tonnes was a slight improvement on the preceding quarters.

  Forum: By Share Code

nipper
Posted on: Yesterday, 01:49 PM


Group: Member
Posts: 9,501

BST listed today; for an IPO priced at $2.16, it opened at $2.20 and a couple of hours in, it is finding buyers at $2.30.

This has been helped by releasing FY 2021 numbers up on the prospectus forecasts on several metrics.For the 52 weeks to 27 June, the company delivered total unaudited revenue of $663.2 million, exceeding the prospectus forecast for the period of $657.7 million.

Total revenue growth versus the prior corresponding period was 6.1 per cent higher, with like for like (LFL) revenue growth for FY21 of 10.8 per cent, exceeding the prospectus forecast of 8.9 per cent.

The company said it expects FY21 pro forma EBITDA to exceed the prior corresponding period by over 100 per cent and to outperform the prospectus forecast of $60.7 million by approximately 15 per cent.

QUOTE
Best & Less Group delivered a very strong trading performance in FY21, despite ongoing COVID 19 related disruption in Australia and New Zealand, said chief executive Rodney Orrock.

This result is a pleasing validation of our strategy and demonstrates the power of our value proposition, our focus on the baby and kids apparel segments, our broad omnichannel sales network, and our integrated vertical retail model.
  Forum: By Share Code

nipper
Posted on: Yesterday, 11:01 AM


Group: Member
Posts: 9,501

and LYC up another 9% today, In the three days, that is a lift from $6.12 to $7.06. It can not all be to grant money. Quarterly is out, and that would help?
  Forum: By Share Code

nipper
Posted on: Yesterday, 10:56 AM


Group: Member
Posts: 9,501

I always like to have a look at what is newly included in and sold from the portfolio.


\Portfolio Adjustments A number of purchases were undertaken during the financial year. The largest was participation in the IPO of PEXA Group. While the pricing reflected the strong market conditions towards the end of the period, the company appears well positioned as a good long term investment. Other new holdings added to the portfolio were Endeavour Group, due to its demerger from Woolworths, FINEOS Corporation (including participation in its placement), Domino's Pizza Enterprises, Temple & Webster, Nanosonics and IDP Education. Periods of volatility throughout the year also provided opportunities to add to holdings with strong market positions such as Woolworths and ASX.
Major sales included the complete disposal of holdings in South32, Alumina and Brickworks, and these funds were deployed elsewhere in the portfolio. There was also some trimming of the positions in Qube Holdings, Brambles and Oil Search.
International Portfolio
As first signalled at the AGM in October 2020, a small part of our funds, $48 million (which represents approximately 0.5% of the portfolio) was invested into a diversified global equities portfolio during the latter half of the financial year. This consists of what we have assessed to be high-quality companies with a strong competitive advantage, good growth potential and across a broad range of industries. This activity is potentially a precursor to establishing a separate low cost international Listed Investment Company in the future.

  Forum: By Share Code

nipper
Posted on: Yesterday, 10:53 AM


Group: Member
Posts: 9,501

FY numbers out and as expected, for the year that was very different

AFIC invests in a diversified portfolio of Australian equities, seeking to provide attractive income and capital growth over the medium to long term to shareholders at a low cost and low volatility. AFIC management expense ratio is 0.14% with no performance fees.

 The Full Year Profit was $235.1 million, down from $240.4 million in the previous corresponding period. The profit to 30 June 2021 includes a demerger dividend of $36.5 million (which was noncash and carries no franking) resulting from the Endeavour Group demerger from Woolworths. Excluding this one off item, the profit figure to 30 June 2021 was $198.6 million. This fall in profit versus the corresponding period last year was a result of the decline in underlying income as the economic impact of the COVID19 pandemic continued to limit dividends for many holdings in the portfolio.

 AFIC, as a long standing listed investment company, has reserves that can be used in difficult times. Drawing upon these reserves, the final dividend was maintained at 14 cents per share fully franked despite the fall in income over the year. Total fully franked dividends applicable for the year are 24 cents per share, the same as last year. Despite the significant disruption to income arising from COVID 19 over the last two years, AFIC has maintained its dividends to shareholders through this period.

 Activity in the portfolio was focused on consolidating the position around what we have assessed to be high quality companies with strong industry positions. This comprised exiting some holdings to fund purchases in existing and selected new holdings, including participation in the PEXA Group IPO.

Portfolio return for the year was 31.9%, including franking. This return was ahead of the S&P/ASX 200 Accumulation Index, which was up 29.1%, including franking. Over 10 years, the corresponding figures are 11.0% for AFIC and 10.8% for the Index. The AFIC performance returns are after costs.
  Forum: By Share Code

nipper
Posted on: Yesterday, 09:20 AM


Group: Member
Posts: 9,501

On July 23rd, 2021, Vocus Group Limited (VOC) was removed from the ASX Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between VOC and its shareholders in connection with the acquisition of all the issued capital in VOC by Voyage Australia
  Forum: By Share Code

nipper
Posted on: Jul 25 2021, 05:48 PM


Group: Member
Posts: 9,501

I read that article. Media is toxic.


And sometimes a scientist get confused, and slip into being svengali mode. Whence it is no longer science.
  Forum: Investment Discussion

nipper
Posted on: Jul 25 2021, 04:23 PM


Group: Member
Posts: 9,501

(Future Fibre Technologies (FFT) listed on ASX in May 2015)


Merger between FFT & ASX listed MaxSec (MSP) .... proposed Dec 2017 .... but it took a while .... AVA Risk Group Limited was successful with an offer of 3 cents cash per Maxsec share only on 22/11/2018

(On 15 May, 2018, Future Fibre Technologies Limited (FFT) changed its name and ASX code to AVA Risk Group Limited (AVA).)
  Forum: By Share Code

nipper
Posted on: Jul 25 2021, 01:52 PM


Group: Member
Posts: 9,501

and another viewpoint from AFI

https://www.afi.com.au/news/does-size-matte...tment-companies

Does size matter for Listed Investment Companies?​
.... investors may be wondering if size matters with LICs. Well, it does and it doesn't.....
  • ... Many of the LICs that have come to market over the last 10 years are small or do not appear to have focused enough on shareholder engagement;
  • ... there appears to be a strong link between size and discount;
  • ... larger LICs generally follow diversified strategies, and typically provide greater liquidity;
  • ... dedicate significant resources to shareholder engagement and marketing activity that is sometimes not possible in a smaller fund;
  • ... larger funds, which have economies of scale, can offer good value;
  • ... But ... this is all prefaced by performance. Performance is the key determinant. If a fund does not perform, it does not matter what size it is.

AFI reports on Monday 27th. And I wonder how their International LIC is coming along?
  Forum: By Share Code

nipper
Posted on: Jul 25 2021, 10:55 AM


Group: Member
Posts: 9,501

QUOTE
... but I don't trust any media source these days. They all want clicks and revenue .........


In discussion with my neighbour one day about the media, he came up with this.:

Brasil produces some of the best coffee in the world, but if you go there, you find it is crap. And this is because they give it away, free cups with your café de manha, and replenished frequently. So it is a race to the bottom, cut corners and costs .

Same with media these days. We do not pay for it so the quality is abysmal. Race to the bottom, based on clicks because that is measured and hence sensationalised. No more who what where when why journalism.
(And frankly I am outraged! smile.gif )
  Forum: Investment Discussion

nipper
Posted on: Jul 25 2021, 09:28 AM


Group: Member
Posts: 9,501

Yep, too true. Politicising everything. Mind you, the virus does not care. It does not attribute blame to this or that person, it just goes about its business .
  Forum: Investment Discussion

nipper
Posted on: Jul 24 2021, 05:24 PM


Group: Member
Posts: 9,501

What sticks in my craw is the media telling me I'm confused. I'm not.

Lockdowns work, social distancing works, vaccines work, govts should be allowed to govern. Nothing is perfect. Le meglio č l'inimico del bene.
Getting through this is a game of odds. Some people are not good at assessing risk, some have the odds stacked against them. (actually the virus is pretty hopeless; a year and a half in, and only half a billion out of 8 billion have been infected). But the duty of care of our systems as they have evolved; political, health, social, economic, mean that we can not let it run wild. The Hippocratic oath is Do no harm and as the Romans worked out 2.5 millenia ago, civitas means citizen and also the root for civilised. Keep the greater good in mind.


  Forum: Investment Discussion

nipper
Posted on: Jul 24 2021, 09:09 AM


Group: Member
Posts: 9,501

sounds good. Me too. Partner had dull headache for a while.
No need to buy a lottery ticket smile.gif

you can bring forward to 8 weeks for the 2nd. Optimal is 12 but 8 is good. Main thing is some immunity.
  Forum: Off Topic Chat

nipper
Posted on: Jul 23 2021, 08:05 PM


Group: Member
Posts: 9,501

Pureprofile Limited (PPL) is a global data and insights organisation providing online research and digital advertising services for agencies, marketers, researchers and publishers. The Company, founded in 2000 and based in Surry Hills, Australia, now operates in North America, Europe and APAC and has delivered solutions for over 700 clients.

It listed in 2015 on the ASX. October 2020 saw the company issue a prospectus for a fully underwritten renounceable pro rata entitlement offer of 8 Shares for every 1 Share held by Eligible Shareholders at an issue price of A$0.02 per Share to raise up to A$18.8 million. (aka, a debt restructure)


QUOTE
The Pureprofile vision is to deliver more value from the world's information. Its research division delivers rich insights into real human behaviour and provides the Why behind the What through ResTech and SaaS solutions. The PPL digital advertising division taps into these rich insights on behalf of advertisers and publishers and executes impactful, targeted digital marketing strategies. PPL build in depth profiles of consumers via its proprietary and partner panels and give businesses the ability to understand, target, and ultimately engage with their audiences...
.
something seems to be gelling, and PPL has lifted, to all of 3c, but the direction is up. Market Cap now $30 million..
.
Recent product developments at the company included global expansion and partnership with Flybuys has helped to boost panel numbers and lift survey complete numbers.

In late April 2021, Pureprofile Perks, an exclusive survey platform for members of Flybuys, the largest loyalty club in Australia, began. Pureprofile revenue and profitability have improved significantly as a result of the platforms increased project and survey completion volumes. In Q4 FY21, a new Pureprofile Perks panellist joined every 5 minutes, 27 million Flybuys points were earned, and 95,000 surveys were completed.

The company has commenced planning and development for the establishment of new panels in Europe and Asia, which are expected to drive further revenue and profit growth in FY22.

For the quarter, Pureprofile reported an 87 percent increase in EBITDA, a 58 percent increase in revenue, and growth across all product platforms on pcp. In comparison to pcp, SaaS Platform revenue increased by 119 percent to $1.1 million.

QUOTE
Pureprofile CEO Martin Filz said : Q4 is the best growth quarter we have seen in the company history, closing out a great 2021 financial year. With great results across each business area an engaged and motivated workforce, very favourable customer feedback, and another positive cash flow quarter to end the year. We expect strong demand to continue. As the world moves toward a brighter future, we are seeing marked shifts in consumer preferences and attitudes in the wake of the pandemic.
  Forum: By Share Code

nipper
Posted on: Jul 23 2021, 05:41 PM


Group: Member
Posts: 9,501

We are sorry to announce that CommSec has made the difficult decision to retire the Community platform.

In an ever evolving digital world, the way investors seek and use information is changing. As Australia's leading broker, we need to be careful about how we manage any information presented to investors, and we must follow all relevant regulatory obligations. We feel that over moderation of a community would compromise the open and transparent nature of all good communities, which is why we've made this difficult decision.

You will have access to the community until 24 July 2021, after which we will be disabling all access.

CommSec Community has been a unique and vibrant part of the CommSec experience since 2013 and we very much appreciate your valued contributions.
  Forum: Investment Discussion

nipper
Posted on: Jul 23 2021, 05:25 PM


Group: Member
Posts: 9,501

CommSec has a Community Forum, similar to here and other share chatrooms. It was always clunky as a site

It is closing down this weekend.... I wonder if any contributors migrate here. If so, welcome.
  Forum: Investment Discussion

nipper
Posted on: Jul 23 2021, 04:50 PM


Group: Member
Posts: 9,501

ASM had a couple of runs to $8.80ish then pullbacks, since the transformative Corporate news three days ago. Seems to have settled in well around $8.50
  Forum: By Share Code

nipper
Posted on: Jul 23 2021, 02:00 PM


Group: Member
Posts: 9,501

and WGR has listed today. The 20c shares opened at 19c and is hovering around those levels
  Forum: By Share Code

nipper
Posted on: Jul 23 2021, 01:58 PM


Group: Member
Posts: 9,501

Duketon Mining Ltd (DKM) was originally a wholly owned subsidiary of South Boulder Mines Ltd and was spun out in 2015 with South Boulder shareholders receiving in specie DKM shares. , in nickel and gold projects in Western Australia.

The Company explores for nickel and gold projects in Western Australia, and holds Tenements in its own right and also has an interest in a number of Tenements through joint venture agreements.

The Company started with Projects include the following:
  • ... Duketon Project, Western Australia
  • ... The Lakes Project, Western Australia
  • ... Diorite Hill Project, Western Australia
  • ... Cardabia Project, Western Australia
  • ... Pilgangoora Project, Western Australia
  • ... Western Shaw Project, Western Australia

Today has seen the largest volume in a very long time. Duketon is having some drilling success at the Rosie Nickel Project with thirteen holes having just been completed. One hole, DKDD0024, has intersected 12.5m of mineralisation including 70cm of massive sulphide, 1.1m of stringer sulphides and 2.8m of heavily disseminated/blebby sulphides.

However, the company has reported that mineralisation has been intersected in all drill holes. The first batch of assays are due in around four weeks with drilling continuing next week.
  Forum: By Share Code

nipper
Posted on: Jul 23 2021, 11:50 AM


Group: Member
Posts: 9,501

Tesla in a tie up with BHP to source Nickel from WA
https://www.sharecafe.com.au/2021/07/22/nic...-bhp-and-tesla/
  Forum: Investment Discussion

nipper
Posted on: Jul 23 2021, 11:33 AM


Group: Member
Posts: 9,501

This is an interesting story on the BHP and Tesla tie up.
.... BHP will supply Tesla with nickel from its Nickel West assets in Western Australia in a collaboration which will aim to make the battery supply chain more sustainable. The two companies will focus on establishing a supply chain that features end to end raw material traceability using blockchain ... and there will not be any role for China.

QUOTE
and despite this chequered background, and its reputation as a carbon emitter, BHP now finds itself on the cusp of becoming a favoured green mining major for investors large and small around the world.

not nitpicking, but the BHP sustainability angle has been around for a while now. But it takes a long time to change direction for such a large company. I was trying to find the quote of the BHP mission statement of a few years ago (posted somewhere!??!)


It will be interesting to see if further resources extraction opportunities emerge. If demand for nickel in batteries is estimated to grow by more than 500% over the next decade, then what about the other components; Lithium, Graphite/ graphene, perhaps cobalt. Maybe identification of Tier 1 is the challenge?
  Forum: By Share Code

nipper
Posted on: Jul 23 2021, 11:19 AM


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Posts: 9,501

pushing to an all time high ($1.12)
Mincor have struck high mineralisation between the Long shaft and Durkin mines. This is new ground as the mines were previously owned by separate entities and therefore had not been previously drilled.
QUOTE
MCR ha received assay results for the massive sulphide intercept in the 1.1km zone between its Long and Durkin North mines, near Kambalda. The results confirm the high grade tenor of the intersection, returning an outstanding intercept of 0.5m @ 6.3% Ni (including 0.3m @ 8.5% Ni).


In a further encouraging development, the Company can report that another intersection has occurred 24m down dip from the above assayed intersection. The estimated width of this new intersection is 0.3 metres and, while portable XRF analysis has confirmed the high grade tenor, given this is based solely on a visual inspection, the Company will await assay results to confirm the average nickel grade.


  Forum: By Share Code

nipper
Posted on: Jul 23 2021, 11:03 AM


Group: Member
Posts: 9,501

QUOTE
would like to know who the directors are????
quite !!


Sale of Trailer Solutions Business and Properties for $48m

Highlights

• MXI to divest Trailer Solutions business and Ballarat, Derrimut and Hallam properties for total sale price of $48.3m, subject to customary adjustments.
• MXI to focus on its commercial parts distribution business and change of name to MaxiPARTS Limited.
• Special dividend expected to be 12.5 cents per share to be paid from sale proceeds.
• Share consolidation of 1 share for every 5.
• Following sale and payment of expected special dividend, MXI will have positive net cash.
• Sale expected to close at the end of August 2021, following shareholder approval.
  Forum: By Share Code

nipper
Posted on: Jul 23 2021, 09:08 AM


Group: Member
Posts: 9,501

... Total portfolio return of 33.2% in FY21, outperforming the All Ords Accumulation index a Strong income recovery in 2H21 with a 17.8% increase in dividend income vs PCP a FY21

... Net profit after tax of $92.4 million on total investment revenues of $103.5 million

... Fully franked final dividend of 8.0 cps and full year fully franked dividends of 13.75 cps

... Previously announced proposed merger with Washington H Soul Pattinson (WHSP) subject to shareholder vote later this year, with Scheme Booklet to be dispatched to Milton shareholders in August

... Total shareholder returns for FY21 of 59.1%, in part reflecting strong Milton and WHSP share price performance post the announcement of the proposed merger.


QUOTE
Investments were increased in Johns Lyng Group, Magellan Financial Group, Amcor PLC, Pro Medicus, Carsales.com, EQT Holdings, Coles Group, Pendal Group, IOOF Holdings and Cleanaway Waste Management. A new investment was made in IPH.

$43.2 million of portfolio sales were made in 2021 and included the complete disposals of Milton's investments in Coca Cola Amatil (due to takeover), QBE Insurance Group and Sims. Milton's Investment in the Charter Hall Long WALE REIT was reduced.

During the year Woolworths Limited demerged its hotel business Endeavour Group Limited. As is its practice, Milton recognized the transaction through its capital account as it is non-cash. We note that certain industry peers will record this as a demerger dividend through profit and loss. The gain on demerger taken to reserves is approximately $16.1 million.
  Forum: By Share Code

nipper
Posted on: Jul 22 2021, 08:24 PM


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strong numbers and wide intersections (incl 12 g/t over nearly 50m), but at depth of 200 to 300m, coming out of the 4 DD holes at Bankan project in Guinea

............... up 45% when announced on Monday and holding on, going higher for the last few days
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nipper
Posted on: Jul 22 2021, 07:59 PM


Group: Member
Posts: 9,501

QUOTE
Elementos is progressing development to fill a forecast supply deficit in the tin market and is focused on commencing tin production by 2025

......... operations in Spain and Australia

Cleveland Tin Project
Elementos Limited owns 100% of the Cleveland Tin Project in Tasmania, following a merger in 2013 with then unlisted company Rockwell Minerals Limited. The site is located 80km southwest of Burnie in the mineral rich northwest region of Tasmania, Australia.

An historic mine that already boasts excellent power, water and transport infrastructure, revised JORC Study results for the Cleveland Tin Project were announced on 26 September 2018, indicating a substantial increase in resources.


Oropesa Tin Project
Elementos completed the acquisition of the Oropesa Tin Project in Andalucia, Spain in January 2020. Oropesa is one of the world's largest undeveloped, open cut mineable tin deposits, with access to world class infrastructure and represents a near term development and cash flow opportunity for Elementos.


A May 2020 economic study found the project is a globally significant new tin development with a prospective annual production of 2,440 tonnes of tin metal over a 14 year mine life.

At a tin price of US$19,750/tonne, the mine could potentially generate an annual gross revenue of more than US$48 million against a forecast operating cost of US$28 million per year or cash cost of US$11,534/tonne of metal. The estimated capital development cost is approximately US$52.2m including a 20% contingency. Forecast financial metrics for the project are: NPV8 of US$92m and an IRR of over 25%.

Elementos plans to undertake a Definitive Feasibility Study (DFS) and finalise environmental permitting as its next steps in developing Oropesa
  Forum: By Share Code

nipper
Posted on: Jul 22 2021, 04:49 PM


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COVID vaccine plans tweaked around the world in attempt to boost effectiveness against Delta variant


https://www.abc.net.au/news/2021-07-22/coun...fizer/100307864
  Forum: Off Topic Chat

nipper
Posted on: Jul 22 2021, 01:37 PM


Group: Member
Posts: 9,501

QUOTE

Chinese rare earth exports surge past pre coronavirus levels, despite Western push to diversify supply

  • .... China's rare earth exports in the first six months of the year were 16.5 per cent higher than the same period in 2019, before pandemic disrupted global trade
  • ..... China controls about 90 per cent of world's rare earths supply, but trade frictions are driving Western governments and car makers to find alternative suppliers
https://www.scmp.com/economy/china-economy/...onavirus-levels


QUOTE
Bacteria enlisted in French push for rare earths autonomy
As Europe seeks to reduce its reliance on China for the rare earth metals needed for modern batteries and electronics, French researchers have found a potentially potent ally: bacteria that can help extract the elements from mine slag heaps.

The tonnes of discarded ore, which contain nickel, copper and cobalt, are the continent's only domestic source of rare earths, along with discarded phones, computers and other tech gear.

https://phys.org/news/2021-07-bacteria-fren...s-autonomy.html
  Forum: Investment Discussion

nipper
Posted on: Jul 22 2021, 01:11 PM


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Posts: 9,501

and listed today at 1pm .... 1VG started life at a premium to the 20c offer, at 25c but starting to drop as sellers line up.
  Forum: By Share Code

nipper
Posted on: Jul 22 2021, 01:09 PM


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listed this morning .... opened at $2.06 but quickly sold down to IPO level of $1.95, and now at $1.93 on Day One
  Forum: By Share Code

nipper
Posted on: Jul 22 2021, 01:06 PM


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Posts: 9,501

Victory Goldfields Ltd (1VG) has systematically built a portfolio of assets in the Cue goldfields comprising of forty six (46) tenements and a further seven (7) tenement applications. Cue is located in the midwest region of Western Australia, 665 kilometres northeast from Perth. The Cue goldfields are regarded as one of the most prestigious mining districts of Western Australia with a long and successful history of gold exploration and production.

The Company strategy is to undertake best practice exploration and development of the Cue goldfields tenements so that they can become Joint Ore Reserve Committee 2012 (JORC) Mineral Resources and ore reserves. Leveraging its land holding position, Victory also aims to acquire additional gold opportunities within the Cue goldfields district, either through joint venture or tenement acquisition.

In addition to the above strategy, the Company plans to:
  • .... focus on mineral exploration or resource development opportunities that have the potential to deliver value for Shareholders;
  • ... consider investment through acquisition or in joint ventures in other regions that have a strategic fit; and
  • .... operate in a sustainable and ethical manner for the benefit of all stakeholders.
The accumulated prospects have sufficient historical mining and exploration combined with recent geochemical work to have well developed plans to undertake exploration programmes including the reverse circulation and diamond drilling of three priority targets, reverse circulation drilling of a further six prospects and a regional auger drilling programme.


Listing date....22 July 2021 11:30 AM AEST ##
Company contact details .... https://www.victorygold.com.au/

Principal Activities.... Mining exploration
Issue Price.... $0.20
Issue Type.... Ordinary Fully Paid Shares
Security code.... 1VG
Capital to be Raised.... $5,000,000
Expected offer close date.... 28 June 2021
Underwriter..... Not underwritten. Canaccord Genuity (Australia) Limited and Foster Stockbroking Pty Limited (Joint Lead Managers)
  Forum: By Share Code

nipper
Posted on: Jul 22 2021, 09:30 AM


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Posts: 9,501

a similar pathway for EAI may occur;


Ellerston Global Investments (code was EGI) is an Australian listed investment company (LIC) that holds a portfolio of global equities. Having traded below Net Asset Value (NAV) for some time, the board implemented a restructuring of the LIC and converted the company into an open-ended trust. IE at parity.

  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 09:06 PM


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Posts: 9,501

and falling flat on its face, a whoops moment (and the some). Down 20+%
QUOTE
GASTON COUNTY, N.C. (Reuters) : In its quest to build one of the largest lithium mines in the United States, Piedmont Lithium Inc has overlooked one crucial constituency: its North Carolina neighbors.Piedmont last autumn signed a deal to supply U.S. electric automaker Tesla Inc with lithium sourced from its deposits in North Carolina, sending the company's stock up tenfold.


Piedmont has also hired investment banks to find investors for its $840 million project, which would include an open-air pit more than 500 feet (152 m) deep and facilities to produce lithium-based electric vehicle (EV) battery chemicals.​​The company, however, has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so.​​Five of the seven members of the county's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected. Piedmont has sort of put the proverbial cart before the horse, said Tom Keigher, chair of the board of commissioners. Why in the world would they make this deal with Tesla before they even have approval for the mine? ............In September 2018, Piedmont told investors it expected to obtain permits by the end of 2019. In August 2019, executives said they would apply for permits and rezoning "in the coming months."​​Piedmont said both times it was "not aware" of any reason why the county would not approve zoning changes, even though it had yet to present any information to commissioners.

In December, Piedmont said it expected to receive local zoning approval before the end of June.​​​Piedmont had been set to meet with commissioners in March, but canceled with three days' notice, further straining the relationship. Piedmont said it canceled that meeting in order to further refine its plans.This has been the worst rollout of a project from a company I've ever seen, said Chad Brown, a commissioner who opposes the mine.

Phillips, Piedmont's CEO, gave the company's first presentation on the proposed project to commissioners on Tuesday night

"We haven't done a good job - and I blame myself - engaging with the community," Phillips said at the nearly three-hour-long meeting, which was webcast. One commissioner told Phillips it likely will be easier for the company to raise the necessary $840 million for the project than it will be to secure community support.​​​State officials added their review process could stretch for more than a year as they solicit comments from at least six other state and federal agencies."I'm not even going to accept an application from Piedmont for rezoning until they have their state permit in hand," said Brian Sciba, director of Gaston County's planning and zoning office.​​


MINE AROUND MY PROPERTY
While some landowners are prepared to sell if the offer is enticing enough, others say Piedmont has bullied them."They told me that if I don't sell, they'll just mine around my property," said Emilie Nelson, whose 14 acres Piedmont has tried to buy since 2017.

In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 05:12 PM


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up 30% to 60c today
High grade Rhodium and Iridium intersected in Parks Reef.

QUOTE
High grade 3E PGM samples selected from 5 drill holes from the western and eastern sectors of Parks Reef were reassayed for the full Platinum Group Metals (PGM) suite, including Rhodium and Iridium (5E PGM). Results reported are materially higher than previously reported with a strong correlation between Rhodium (Rh) and Iridium (Ir) and the high grade 3E PGM grades.


Podium has completed a further 4,157m of RC Stage 7 drilling in 27 holes with the objective of enabling a resource to be estimated along the full 15km interpreted strike length of Parks Reef. The programme included drilling a 2.4km of strike of the western sector to a deeper level, to allow a mineral resource estimate to be completed to a depth of 200m below surface.
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 04:45 PM


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and recently:
Talga Supersizes Graphite Target in Sweden

QUOTE
• Growth strategy initiated across the Talga graphite projects in Sweden towards expanding resource base amid surging electric vehicle and battery demand
• New surveys substantially increase JORC Exploration Target at flagship Vittangi project to 170 to 200 million tonnes at 20 to 30% graphite (extending from existing Mineral Resources). Note that the potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource
• Major drill programs commencing at Vittangi, with other Talga graphite projects and regional targets to follow.

  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 03:45 PM


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Posts: 9,501

Ellerston Asian Investments Ltd (EAI) is listed investment company. It provides investors with exposure to a portfolio of high growth equity securities in Asia. Its objective is to generate superior returns for Shareholders, by identifying and investing in the growth opportunities which the Manager believes are present in the Asian region.

EAI listed in late 2015, at $1.00 a share. Currently trading at $1.19, the market cap is $157 million. As it has a NTA, which is published daily, is $1.33, there is some pressure on the LIC to lift to closer to the value of its assets.

The latest Bell Potter summary* of the sector highlights EAI as an attractive proposition:
QUOTE
Asia has attracted significant fund flows, however historic US China relations have undermined the expansion of this capital allocation. The new Biden Administration and the Fed's avoidance to address tapering targets for quantitative easing may be set to benefit Emerging Markets. Positive prospects for China's growth trajectory are supported by tailwinds such as: (1) an increase in the administration of vaccinations, (2) a focus on carbon neutrality with the production of electric vehicles and renewables infrastructure and; (3) an improvement in living standards with increased domestic consumption and services.

EAI provides access to a benchmark agnostic, concentrated portfolio of high growth companies across the Asia region with a proprietary integrated Environmental, Social, and Corporate Governance approach through the investment process.


* While the market average discount to underlying asset value has materially contracted since the onset of the pandemic, we anticipate income dependency, sector consolidation, shareholder activism and recent strong performance of actively managed alpha generating solutions to drive further contraction and realisation of value (in the LIC sector).
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 03:30 PM


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Posts: 9,501

WES surging .... now $61.40, an all time high.
There has been no other murmurs from other players, with API sitting a few cents above the WES offer at $1.41. Do we expect any, or will a nudge higher of a few cents get the deal across the line?


Include COL in the calculations ... at $17 ... and WES is a ten bagger for me, and that ignores the periodic capital returns along the way. Mid you, I have held it for yonks.
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 03:24 PM


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the proposal from Autodesk has been pulled. .... ALU now trading in the 32 dollar range.
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 12:24 PM


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GFN listed today but has not been in the green.

Quite the contrary; started out 6c below IPO price at 94c and has drifted lower. Now 84c.
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 12:21 PM


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Posts: 9,501

OPN is trading and delivering an early stag. Being more than a month late does not seem to matter.

Priced at 20c, OPN opened at 30c and bouncing around that level, on Day One.
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 12:20 PM


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BDX made it to the ASX today..... Trading around its IPO price at 25c
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 11:53 AM


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Posts: 9,501

BKI Investment Company Limited (BKI) today announced its 2021 Full Year results.


QUOTE
Australia's performance in controlling the COVID 19 epidemic and economic stimulus packages was of significant benefit to the Australian household and consumer during the last year. The Governments substantial economic support packages and the banks loan deferrals were very well received and placed the economy in a strong position.

We were concerned in February, when BKI presented first half results, that the forecast growth in unemployment and the completion of payment deferral programs would create a headwind for the Australian economy. Fortunately, these issues were not as severe as we first thought and did not materially impact the local economy. The severe fluctuations in global share markets we experienced in FY2020 and early in FY2021 dissipated with the backdrop of a stronger global economy.

However, many Australian equity investors continued to receive lower dividends than they received 12 to 18 months ago. These cuts impacted BKIs results in FY2021, with Ordinary Investment Revenue down 17% to $39.7 million. The result was impacted by lower ordinary dividends received over the last year from New Hope Corporation (down 73% on the previous corresponding period), Invocare Limited (down 70% on the pcp), Woodside Petroleum (down 62% on the pcp), Commonwealth Bank (down 42% on the pcp), AGL Energy (down 26% on the pcp) and Transurban Group (down 22% on the pcp).


BKI realised $0.3 million from the trading portfolio, after participating in some minor trading positions. BKIs interest received was only $0.1 million, down 82% on FY2020 due to the extremely low interest rates on offer. BKI Net Operating Profit After Tax, before special investment revenue, was $35.7 million, a decrease of 14% over the previous corresponding period. BKI basic earnings per share before special investment revenue decreased 15% to 4.83 cents per share.

...---... ...---...
all very gloomy... but the market looks ahead.
QUOTE
In the last six-month period, BKI received increased dividends from major investments including Macquarie Group (up 155% on the pcp), Fortescue (up 71% on the pcp), Rio Tinto (up 48% on the pcp), BHP Group (up 34% on the pcp), National Australia Bank (up 30% on the pcp), Harvey Norman (up 20% on the pcp) and Wesfarmers Limited (up 13% on the pcp). .. The outlook for dividends received from BKI investments should continue to improve in the periods ahead.
and the bit I like looking at, to see what big players are doing (takes action a few nautical miles out to avoid any icebergs)

Portfolio Movements

BKI made $83 million worth of sales during the first half of this financial year, including exiting positions in Westpac Banking Corporation, Sydney Airports, IAG Limited, SEEK Limited and selling a small parcel of New Hope Corporation. These sales were prompted by the significant reduction in dividends received from these companies during the period. BKI realised a further $81 million worth of sales in the second half of the financial year. This included exiting our positions in AGL Energy Limited, Lend Lease, NAB Convertible Notes and Inghams Group, as well as slightly trimming positions in Commonwealth Bank and Transurban Group.

These divestments allowed BKI to reinvest capital into other positions within the portfolio to offset further declines in Ordinary Income. BKI invested $95 million during the first half and $65 million during the second half of FY2021. The largest investments over the year were APA Group, Transurban Group, Fortescue Metals, Rio Tinto Limited, Commonwealth Bank, National Australia Bank, BHP Group, Amcor, Harvey Norman Holdings and Equity Trustees. A new position was established in Metcash Limited in the second half of the year, and BKI also now has a holding in Endeavour Group Limited following its demerger from Woolworths Group Limited in June 2021.

  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 10:55 AM


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Posts: 9,501

Plenty of Arrows in the BHP Quiver

https://www.sharecafe.com.au/2021/07/20/ple...in-bhps-quiver/
QUOTE
While BHP shipped a record breaking amount of iron ore from its Pilbara mines in the year to June, the performance of its coking coal, copper, oil and gas and nickel businesses also stood out.....

.... BHP made clear in its June production report that it met full year production guidance for copper, metallurgical coal and nickel, as well as iron ore in the 12 months, overcoming all the difficulties of Covid, bad weather, volatile economies and political problems, especially in China....

.... I have always liked the diversification story. Yes, the company got it wrong on a few issues, and the timing has not been that great, but Tier One assets are exactly that !

Have held BHP since before 1985!

  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 10:22 AM


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Posts: 9,501

ASM signs $US250m framework agreement with South Korean consortium for 20% in Dubbo Project and offtake from Korean Metals Plant

Key points
QUOTE
ASM has signed a conditional framework agreement with a consortium of South Korean investors for the acquisition of a 20% equity interest in ASMs Dubbo Project holding company.
• Under the Agreement a consortium fund will invest $US250m for the 20% equity interest.
• The Investing Partnership intends to establish a second fund to develop a domestic Korean permanent magnet manufacturing business that will enter into an offtake agreement for NdFeB (neodymium-iron-boron) alloy from the ASM Korean Metals Plant.
• The Agreement creates a pathway for ASM to develop the Dubbo Project and execute its mine to metal strategy
.

and up to a high of $8.85, now settling at $8.70 .... nearly 20% up
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 10:18 AM


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Posts: 9,501

and in May 2021, a further acquisition

  • .. The Company has secured a new high grade Rare Earths Elements exploration project, the Searchlight REE Project, located in Nevada, near the only operating rare earths mine in the USA, operated by MP Materials Corp.
  • ... The Project consists of 80 contiguous unpatented lode mining claims, prospective for rare earths, totaling 1620 acres (656 ha) staked by the Company in early 2021
  • .... One sample contains significant high levels of Heavy REE and Magnetic REE, including a total REE of 14,800 ppm (1.48% REE)
  • ..... These claims are 100% owned by Western Rare Earths (WRE), a wholly owned US subsidiary of ARR
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 10:02 AM


Group: Member
Posts: 9,501

American Rare Earths Limited (ARR), formerly Broken Hill Prospecting Limited, is an Australian exploration company formerly focussed on the discovery and development of strategic mineral resources across two primary geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt & Base/Precious Metal Project).

It came to the ASX in July 2020, and quickly changed til to Rare Earths, in the USA, as its new name implies:

QUOTE
La Paz Rare Earth LLC (LPRE) was founded in August 2019 and is a wholly owned subsidiary of Australian listed company Broken Hill Prospecting Ltd (ASX:BPL). LPRE was established to acquire and develop the advanced La Paz Rare Earth Project, located in La Paz County, Arizona, approximately 170 km northwest of Phoenix. The Project is surrounded by world class infrastructure within a mining friendly jurisdiction.


Initially, LPRE staked over 1,100 hectares of unencumbered tenements which formed the La Paz Acquisition and which it now controls 100% having received all permits from the Bureau of Land Management (BLM) and State of Arizona Land Department.

Upon Acquisition, the Company carried out successful field exploration activities which identified higher-grade zones of mineralisation extending outside the existing NI43.101 Resource to the South West. As such, LPRE moved quickly to submit further applications on an additional 660 hectares directly adjacent to La Paz which cover these extensions. Approval is anticipated early 2020
.

La Paz Rare Earths Project
Rare earth elements were first discovered in the La Paz area during exploration sampling programs in mid-2010. During 2011, Australian American Mining Corporation Ltd drilled 195 percussion holes for 5,120 metres, which supported a maiden resource estimate under independent NI 43.101 guidelines. The resource displays relatively uniform distribution of total rare earth elements (TRRE) across and along strike covering a resource area 2.5 km by 1.5km. The entire deposit is exposed at surface, or lightly concealed by alluvial cover. It is open at depth and is currently defined to 30m below surface.

LPRE initially plans to conduct low cost exploration activities (focused on advanced metallurgical test work programs) leveraging the vast historical expenditure on technical data sets from previous explorers.
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 09:57 AM


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Broken Hill Prospecting Limited (BPL) was a small mining and exploration company which had been actively exploring the Broken Hill region for the past 30 years. (but not to much success, it would seem)

Then on 02 July, 2020, Broken Hill Prospecting Limited (BPL) changed its name and ASX code to American Rare Earths Limited (ARR).
  Forum: By Share Code

nipper
Posted on: Jul 21 2021, 09:35 AM


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August 2013 ........... Arasor International Limited (ARR) had not paid its annual fees in respect of the year ending 30 June 2014 but was already suspended from official quotation
November 2013 ..... Lionhub Group Limited (LHB) was formerly known as Arasor International Limited (ARR).

on 19 July, 2021, LionHub Group Limited (LHB) was removed from the ASX Official List in accordance with Listing Rule 17.11, after security holders resolved to remove LHB from the Official List.
  Forum: By Share Code

nipper
Posted on: Jul 20 2021, 04:55 PM


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Western Mines made it to IPO today ..... opened at 19c and stayed there
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 06:53 PM


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Posts: 9,501

China frictions steer electric automakers away from rare earth magnets
QUOTE
As tensions mount between China and the United States, automakers in the West are trying to reduce their reliance on a key driver of the electric vehicle revolution .... permanent magnets, sometimes smaller than a pack of cards, that power electric engines.

Most are made of rare earth metals from China.

The metals in the magnets are actually abundant, but can be dirty and difficult to produce. China has grown to dominate production, and with demand for the magnets on the rise for all forms of renewable energy, analysts say a genuine shortage may lie ahead.

Some auto firms have been looking to replace rare earths for years. Now manufacturers amounting to nearly half global sales say they are limiting their use, a Reuters analysis found.............

https://www.reuters.com/business/autos-tran...ets-2021-07-19/

... but mainly for short distance models.

QUOTE
Automakers in the West say they are concerned not just about securing supply, but also by huge price swings, and environmental damage in the supply chain.

This means managing the risk that scrapping the metals could shorten the distance a vehicle can travel between charges. Without a solution to that, the range anxiety that has long hampered the industry would increase, so access to the metals may become a competitive edge.

  Forum: Investment Discussion

nipper
Posted on: Jul 19 2021, 06:46 PM


Group: Member
Posts: 9,501

https://stockhead.com.au/ipo-watch/ipo-watc...-asx-next-week/

QUOTE
A growing trend in healthcare has been replacing various forms of invasive tests with blood tests, and BCAL Diagnostics (ASX:BDX) is the next in line to join the cohort.

BCAL Diagnostics has spent nearly a decade developing a blood test to detect breast cancer and is listing on the ASX on Wednesday having raised $10 million at 25 cents per share.

Rhythm Biosciences (ASX:RHY) is another company working on a blood test to detect cancer – specifically colorectal cancer.

This company listed in 2017 and after a slow couple of years is up 360 per cent since listing as it pushed closer to the long promised clinical trial.

BCAL’s listing comes little over a fortnight after the listing of Lumos Diagnostics (ASX:LDX) which also has a finger-prick blood test but for respiratory diseases generally......

  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 04:49 PM


Group: Member
Posts: 9,501

still around 49c ... but that is up 59% so far in July

The 140% lift in Sales Growth was what did it.

  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 04:15 PM


Group: Member
Posts: 9,501

after making it to $1.00 in late Jan, trading in WMA has eased off. G Wilson as acquirer can no longer buy, now he is on Board.


The NTA has travelled sideways as little corporate activity transpired while new management was hired..... and probably had a bit of a cultural challenge. Recently there has been a link up with a mid tier Private Equity outfit, Adamantem Capital, based in Sydney. This arrangement has seen some unlisted PE added to holdings: Climate Friendly and Linen Services.


NTA is about $1.16 and SP lifted to $1.03, putting on 5c in last week or so,
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 04:06 PM


Group: Member
Posts: 9,501

Perenti had a big drop in May ( $1.00 to 70c .... incident at Obuasi Mine in Ghana ) but has been picking up a few contracts since then,

SP has lifted from the recent lows in mid 60s to 89c with recent wins.
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 02:51 PM


Group: Member
Posts: 9,501

yep, the webinar says it all. Still the SP is somewhat dependent on oil price, though reports of high E coast gas prices (industry is always crying out) must mean something:


Strike Energy aspires to be the lowest cost onshore gas producer in Australia
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 02:44 PM


Group: Member
Posts: 9,501

this is an unusual BNPL company .... it makes a profit. Up 8% today to $1.06


hummgroup business update
QUOTE
• hummgroup 4Q21 transaction volume of $774.9m, up 57.3% on pcp
• Record quarterly BNPL segment transaction volume of $304.9m in 4Q21, up 68.7% on pcp
• Cards (Australia and New Zealand) 4Q21 transaction volume of $287.5m, up 44.3% on pcp with spend continuing to return across key categories
• Commercial and Leasing transaction volume in 4Q21 of $182.4m, up 62.2% on pcp
• Total hummgroup customers of 2.7m as at 30 June 2021, up 19.7% on pcp
• Continuing improvement in net loss (gross write-offs net of recoveries) of $30.2m in 4Q21, down 20.3% on pcp
• 1,362 new merchants integrated across Australia and New Zealand in 4Q21 including strong growth in key verticals of health, luxury retail, home improvement, and automotive
Based on unaudited accounts, Cash Net Profit After Tax of $68.4m, up 121.1%

  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 02:29 PM


Group: Member
Posts: 9,501

REE reacting well to the upgrade of resource ..... up 20+% today to 10c

QUOTE
A 47% increase in overall tonnes to 18.8Mt and maiden 11.1Mt Indicated Resource confirms that Cummins Range is a high quality deposit with potential to underpin a long life rare earths business


HIGHLIGHTS
• 47% increase in overall tonnes to 18.8Mt at 1.15% TREO (inc. 0.23% NdPr) + 0.14% Nb2O5
• High grade tonnes to 6.5Mt at 1.98% TREO (inc. 0.38% NdPr) + 0.21% Nb2O5
• Maiden Indicated Resource of 11.1Mt at 1.3% TREO (inc. 0.27% NdPr) + 0.17% Nb2O5
• Potential byproduct Niobium Resource reported for the first time
• Deposit open in multiple directions ... both down dip and along strike
• Major new 6,000m growth drill program well underway with RC drilling completed and diamond drilling set to begin shortly •
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 11:35 AM


Group: Member
Posts: 9,501

plus changes to the board as MD retires
QUOTE
Positioning the Board to be more aligned with the European and North American Capital and Investment markets ahead of the proposed LSE listing in the UK, which is proposed for, and on target to, take place in the fourth quarter of 2021.

  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 11:22 AM


Group: Member
Posts: 9,501

Wiluna Mining Corporation Ltd (WMC) is an ASX Listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Region in the Northern Goldfields of Western Australia.

The Yilgarn Region has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which is the 7th largest gold district in Australia under single ownership based on overall JORC Mineral Resource.
.....went by another ASX code for a while (WMX), after backing into the defunct Blackham Resources (BLK). There is a certain pretension in taking on WMC for its ticker.


Background

Since gold was first discovered at Wiluna in 1896 a rich and diverse history has evolved with the initial surface workings moving underground and expanding over time to include over 100km of underground development over 3.5km in strike length on three main parallel structures and extending to 1km in depth. Over the years gold production has cycled between oxide and sulphide ore, from open pit and underground mining, with each change benefitting from improvements in technology and equipment available at the time.

Key to extracting the value embedded deep in the Wiluna operation is the transition to underground mining and processing of sulphide ore. We will introduce this approach by producing a concentrate to be sold to Trafigura and Polymetal with the Polymetal concentrate to be eventually processed at their POX (Pressure Oxidation) facility in Eastern Russia.

As Figure 9 (see ASX Ann of 23/06/2021) illustrates, when the Wiluna Mine was using flotation to treat predominately sulphide ore, the mine was very successful and in fact in the 1930s the Wiluna Mine was the largest gold mine in the British Empire. Wiluna has commenced a Staged Development, which centres around the mining of predominately sulphide ores and floating it through a concentrator. We are simply re doing what has been done successfully in the past.
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 11:15 AM


Group: Member
Posts: 9,501

From delisted .... Blackham Resources (BLK)

we understand that on or about this date the company consolidated its shares 1 for 100 .....16/06/2020

so effectively, previous holders wiped out...
.
name changed to Wiluna Mining Corporation Limited (WMX) .... 18/06/2020

and .... On 19 July, 2021, Wiluna Mining Corporation Limited changed its ASX code from WMX to WMC
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 11:00 AM


Group: Member
Posts: 9,501

not much on this one .... and now it is likely to disappear

Empired has entered into a Scheme Implementation Agreement with Capgemini Australia Pty Ltd, under which Capgemini Australia has agreed to acquire 100% of the issued share capital of Empired for a cash price of A$1.35 per share
• The Scheme Consideration values the fully diluted equity of Empired at approximately A$233 million which equates to a normalised EV/EBIT multiple of 16.7 times for the financial year ended 30 June 2021.
• The Scheme Consideration represents an attractive premium of 64.6% to the last closing price of A$0.8200 per share on Friday

............. up 60% to $1.31
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 10:14 AM


Group: Member
Posts: 9,501

ASM is in a trading halt, pending the release of an announcement relating to a material investment into their Dubbo Project.
  Forum: By Share Code

nipper
Posted on: Jul 19 2021, 09:01 AM


Group: Member
Posts: 9,501

The Beige Book
QUOTE
Prices increased at an above average pace, as seven Districts reported strong price growth and the rest saw moderate gains.

Pricing pressures were broad based and grew more acute in the hospitality sector, as the reopening of hotels and restaurants confronted limited supplies of materials and workers.

Construction costs remained high, but lumber prices reportedly eased a bit. Container prices returned to very high levels after having moderated in the spring.

Pricing power was mixed, as some contacts reported that high end user demand enabled them to increase their prices and others said that input price pressures had reduced their profit margins.

While some contacts felt that pricing pressures were transitory, the majority expected further increases in input costs and selling prices in the coming months.

https://www.federalreserve.gov/monetarypoli...ebook202107.htm
  Forum: Macro Factors

Poll: The Banks
nipper
Posted on: Jul 18 2021, 05:25 PM


Group: Member
Posts: 9,501

Among key trends in Australian banks, one factor stands out https://www.firstlinks.com.au/key-trends-au...ctor-stands-out

Bad debts were less of a factor than we expected on the back of a positive economic outlook thanks to the amount of money that has been thrown at the economy by the central bank and the Federal Government. ....

On the operational part, the market seems to be shifting back to analysing the top line on revenues and credit growth, which is not growing as quickly as analysts thought. On a net basis we are still seeing anaemic credit growth from households and while business lending has shown some signs of improvement, we still need to see how that flows through over the next three to six months... By our estimates, each of the major banks is sitting on between $7 and $10 billion worth of capital that can be distributed back to shareholders. So far, the banks in general have behaved rationally and have managed margins and returns. We expect capital return and capital distribution to be the key narrative over the next six to nine months....



I am ... sceptical of the neobanks and insurtechs than some of the other participants in the market. They need to get scale quickly. They need to reduce the cost of acquisition of a customer and they need a steady state capacity level, which can drive operating leverage. It is great that disruptors are offering a seamless customer experience but it's very generic and it is a commoditised offering on savings.....

My investment logic for holding Big Four bank shares

... While the four majors have different strengths and operating divisions, all of them except Westpac are now a lot simpler than they used to be. Westpac still has specialist businesses that it needs to get rid of. CBA has sold its insurance businesses. ANZ does not have a wealth or a life business anymore. NAB is a pure bank now, it does not have a UK bank and it does not have MLC or a life business.
They are much cleaner, core banking businesses but they are still large and complex. And it is not just loans, they are dealing with people and their lives and their assets and their businesses. More than ever, franchise value is tied to how the market and how consumers perceive these brands.

Current take on the Big Four

NAB and CBA exhibit strong core themes that I want to see in a bank to capitalise on an improving environment. They exhibit the best franchise momentum for revenues and for volumes. NAB has managed its costs quite well while CBA, historically, has not cared as much about costs because it always grew its top line faster than costs. But this also offers CBA the biggest opportunity if it gets serious about taking costs out. Both banks are sitting on extremely healthy levels of capital, so if they see the opportunity to drive hard for growth, they do not have to worry about a lack of capital. So franchise momentum is critical at this juncture.

ANZ has seen its mortgage loan momentum slow, but it is also a much simpler bank under Shayne Elliott than it was six or seven years ago. I believe that ANZ has shown the most consistent discipline on costs compared to its local peers. The key is top line momentum and that is a watching brief to see if ANZ can stabilise and turn that around.

Westpac is the one that scares me, and I do not use those words lightly. There is a really important chart <see link> in the most recent Westpac result presentation. It shows Net Promoter Score momentum for Westpac and the St George brands versus the major peers in the market. Westpac cost strategy means it needs to get leaner quickly, because its competitors are not standing still. It must take costs out at a core level by about 16% over the next three and a half years, while at the same time stabilising the overall business. A multiyear 16% cost reduction does not come without cutting people.
  Forum: Investment Discussion

nipper
Posted on: Jul 18 2021, 04:23 PM


Group: Member
Posts: 9,501

adding to leases:
QUOTE
• 649 sq.km. of additional key exploration tenure in South Australia has been granted, expanding the Company footprint at its flagship Koppamurra project by more than 40%
• Total granted exploration tenure at Koppamurra is 2,136 sq.km.
• An additional 1,911 sq.km. in South Australia remains under application, for a potential combined tenure position in excess of 4,000 sq.km.
• The area recently granted has already shown to be prospective for clay hosted rare earths, through the AR3 assessment of historic drilling

Next Steps
The Company is now planning a significant drilling program for Q4 2021, incorporating a combination of extensional drilling from the known Red Tail and Yellow Tail Inferred Resources and regional prospectivity confirmatory drilling to determine priority areas for future resource definition.
  Forum: By Share Code

nipper
Posted on: Jul 18 2021, 11:39 AM


Group: Member
Posts: 9,501

Recent announcement shows things are progressing. Highlights:
 .. Tasmanian Environmental Protection Authority approves further Management Plan for Dolphin
 .. Gekko Systems has been selected as the preferred engineering company to design and build the Dolphin Processing Plant
 .. Detailed design and contract documentation advancing
 .. Appointment of additional key managerial staff


Development Plan
  • ... A detailed mine plan and schedule ... details an 8 year open cut mine, with average annual production of 400,000 tonnes of ore per annum, yielding 200,000 mtu of WO3 (1mtu = 10kg)
  • .... Ore to be crushed and processed, primarily through a gravity circuit, with dressing of the gravity concentrates using flotation and magnetic separation.
  • ..... Plan to increase mine life on completion of the open pit by continued mining of the remaining resource external to the 8 year open pit

Grade and Tonnage of Comparable Tungsten Deposits​
KIS reserves and resource sits at the highest grade, and contained Tonnage of WO3, compared to other projects
Dolphin Project - King Island Scheelite

So, what are the challenges? A quick look around
  • .... Tungsten is largely not smelted to form metal due to its high melting point and is instead extracted from crushed ore using a series of chemical reactions.
  • .... Due to the high capital cost associated with the construction of a chemical processing plant to produce APT, the most commonly traded form of tungsten, most junior miners produce a tungsten concentrate. Price received is dependent on grade.
  • .... As a result of high Chinese influence, tungsten prices have experienced considerable turbulence over the last several years (Roskill)
  • .... There is stock overhang from mothballed mines and also a failed Chinese metal exchange releasing metal to market
  • .... With a greater uptake of electric vehicles over internal combustion engines, tungsten consumption in the automotive sector may never recover to 2017 levels.
  • .... Strong growth in superalloys and other alloys is set to drive steel and alloys demand, whilst in the chemicals sector, the use of semiconductors and demand for consumer electronics is expected to lift.
  Forum: By Share Code

nipper
Posted on: Jul 17 2021, 09:03 PM


Group: Member
Posts: 9,501

Western Mines Group Ltd .... a month late getting to IPO

Listing date ............
20 July 2021 1:30PM AEST ##
  Forum: By Share Code

nipper
Posted on: Jul 17 2021, 08:55 PM


Group: Member
Posts: 9,501

Western Gold Resources Ltd (WGR) is currently a wholly owned subsidiary of GWR Group Limited (GWR), a company whose principal business is iron ore production from its Wiluna West Iron Ore Project.

Western Gold through its wholly owned subsidiary Wiluna West Gold owns the Wiluna West Gold Project. Subject to the approval of its shareholders and the ASX granting approval for Western Gold to be admitted the Official List of ASX, GWR will distribute all the shares currently on issue in Western Gold on a pro rata basis to eligible GWR shareholders.

The Wiluna West Gold Project is an advanced exploration project with a combined JORC 2012 Mineral Resource of 4,570,000 tonnes at 2.0 g/t Au for 293,000 oz Au (comprised of a Measured Resource of 30,000 tonnes at 3.0 g/t Au for 3,000 oz Au, an Indicated Resource of 490,000 tonnes at 2.3 g/t Au for 36,000 oz Au and an Inferred Resource of 4,050,000 tonnes at 2.0 g/t for 254,000 oz Au), across a number of deposits. These gold deposits are located on granted mining leases and subject to a Native Title Agreement.

The Western Gold strategic objective from completing its IPO and listing on ASX is to develop the Wiluna West Gold Project, an advanced exploration project with potential to move to gold production. The funds raised under the IPO will principally be used to increase Mineral Resources and also confidence in the current Mineral Resource estimate and bring the Wiluna West Gold Project towards production.

Listing date.... 20 July 2021 12:00PM AEST ##
Company contact details ........... https://westerngoldresources.com.au/

Principal Activities ..... Resource exploration
Issue Price ..... $0.20
Issue Type ..... Ordinary Fully Paid Shares
Security code ........ WGR

Capital to be Raised ............ $7,000,000
Expected offer close date ............. 08 June 2021
Underwriter........ Not underwritten. GTT Ventures and Lazarus Securities Pty Ltd (Joint Lead Managers)
  Forum: By Share Code

nipper
Posted on: Jul 17 2021, 08:48 PM


Group: Member
Posts: 9,501

WestGold Resources (WGR) delisted following completion of the schemes of arrangement whereby all of the Company shares have been acquired by Metals X Limited.............. 19 Oct 2012

... all Westgold shareholders received 11 new Metals X shares for every 10 Westgold shares held and optionholders received 11 Metals X options for every 10 Westgold options held
  Forum: By Share Code

nipper
Posted on: Jul 17 2021, 08:25 PM


Group: Member
Posts: 9,501

NobleOak Life Ltd (NOL) is an independent, multi award winning Australian life insurer based in Sydney. As an APRA regulated friendly society, NobleOak is able to manufacture, underwrite, administer and distribute life risk insurance products.

Following its demutualisation in 2011, NobleOak repositioned its business model, launching a direct to consumer life insurance product set. This strategy was underpinned by the NobleOak commitment to look after customers and offer high value, easy to understand and competitive life risk insurance products through a modern and intuitive digital platform. Since then, NobleOak has diversified the business by manufacturing white labelled tailored products for Strategic Partners. These products are mostly distributed to customers through advisers.

Today, NobleOak has over 60,000 active insurance policies, representing over $140 million of in force premiums. Growth has been strong with in-force premiums growing at a compound annual growth rate (CAGR) of over 60% in the five years to December 2020. In the six months to 31 December 2020, NobleOak continued on its strong growth trajectory notwithstanding the continuing backdrop of transformation in the Australian life risk insurance industry and the COVID 19 pandemic.

Listing date... 21 July 2021 #

Company contact details ..... https://www.nobleoak.com.au/

Principal Activities..... Registered friendly society providing life insurance

Issue Price... $1.95
Issue Type... Ordinary Fully Paid Shares
Security code.... NOL
Capital to be Raised.... $62,200,000

Expected offer close date..... 14 July 2021
Underwriter ........... Underwritten. Barrenjoey Advisory Pty Limited (Underwriter and Lead Manager).
  Forum: By Share Code

nipper
Posted on: Jul 17 2021, 06:25 PM


Group: Member
Posts: 9,501

Almonty Industries Inc. is a TSX listed entity engaged in mining, processing and shipping of tungsten concentrate. Almonty was incorporated under the Business Corporations Act (British Columbia) in 2009 and was continued under the CBCA in 2012. Almonty conducts business from its head office in Toronto, Canada, and is a significant tungsten miner outside of China. Almonty specialises in acquiring distressed and underperforming operations and assets in tungsten markets. Almonty has strong in-house operational experience and expertise in the tungsten market.

Almonty has four projects spanning across South Korea, Portugal and Spain. Of these projects, Almonty currently has one producing tungsten mine located in Portugal, one tungsten mine currently under planned care and maintenance in Spain and it is currently developing a significant tungsten mine outside of China via its flagship project in Sangdong, South Korea, which is set to begin production soon. Almonty also has a project in Spain which is currently in the licensing stage.

It is anticipated that Almonty Industries (AII) will list on the ASX during July 2021

Listing date...... 20 July 2021 11:30 AM AEST ##

Contact details ............. Almonty Industries - Leaders In Tungsten

Principal Activities..... Mining and exploration. Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. Almonty Industries is headquartered in Toronto, Canada.

Issue Price........... $1.00
Issue Type.......... CHESS Depositary Interests
Security code............... AII
Capital to be Raised......... $13,500,000

Expected offer close date............... 08 July 2021
Underwriter........ Partially underwritten. Lazarus Corporate Finance Pty Ltd (Underwriter and Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jul 17 2021, 11:13 AM


Group: Member
Posts: 9,501

a lot of early investors have done well with Chalice. Now there is a move to spin off gold assets, to concentrate on core Julimar and west Yilgarn assets.

https://www.sharecafe.com.au/2021/07/16/inv...isoned-chalice/

QUOTE
.... Chalice will talk up the quality and attractiveness of the gold assets to make sure the spinoff is a success, but in reality the market is now more interested in the emerging high quality Julimar prospect near Perth. Usually gold is top if the list for small and medium miners and explorers, followed by copper and nickel, as well as lithium. Interest in that trio has been driven by the rise in renewable demand.

In fact it is something of a heresy for a miner, especially one with the emerging profile of Chalice, to exit gold in favour of lesser (in the eyes of many investors) minerals.

Chalice CEO director Alex Dorsch said the demerger announcement followed a board review of the company's portfolio......
  Forum: By Share Code

nipper
Posted on: Jul 16 2021, 07:24 PM


Group: Member
Posts: 9,501

WES making a tilt at API is going to create a shake up in the pharmacy sector, and with health, well-being, and beauty being seen as subsectors in the mix, there are some interesting dynamics. Offerings stretch from prescriptions, OTC medicines, vitamins, right through to perfumes and balms.

The $12.6 billion wholesale pharmacy distribution sector is highly concentrated, and the top three players control about 85 per cent of the market. The market leader is EBOS Group (via Symbion), which owns Terry White ChemMart, and accounts for about 45 per cent of the market for PBS medicines. Sigma with about 22 per cent, API is the third largest with 18 per cent, with Clifford Hallam Healthcare and National Pharmacies each accounting for 7.5 per cent.

In the pharmacy retail sector, which is estimated to be worth nearly $22 billion according to IBISWorld data, competitors for Priceline Pharmacy are My Chemist Retail Group (Chemist Warehouse), Terry White, other banner group pharmacies and independently owned ones, as well as supermarkets and specialty beauty retailers, including Mecca, Sephora and Adore Beauty.

In the beauty salon sector, ClearSkincare competes with Laser Clinics (KKR backed) and recently listed Silk Laser Clinics (SLA) as well as independently owned skin and beauty clinics. And there appear to be a lot of these.
  Forum: By Share Code

nipper
Posted on: Jul 16 2021, 04:26 PM


Group: Member
Posts: 9,501

with Greencross, GXL and then Nat Veterinary Care, NVL operating in the same space and, after gaining sufficient size through consolidating vet practices, then getting snapped up by Private Equity, can AHX be in for the same fate?
  Forum: By Share Code

nipper
Posted on: Jul 16 2021, 04:19 PM


Group: Member
Posts: 9,501

AR9 had a 10% jump today after incremental rises for the last two weeks; now back above 30c, for the first time since late Feb.
  Forum: By Share Code

nipper
Posted on: Jul 16 2021, 01:45 PM


Group: Member
Posts: 9,501

National Veterinary Care Ltd (NVL) was delisted from the close of trading on Thursday, 9 April 2020.

VetPartners NVC Pty Ltd was successful with an offer of $3.70 cash per NVL share on 09/04/2020


  Forum: By Share Code

nipper
Posted on: Jul 16 2021, 01:19 PM


Group: Member
Posts: 9,501

Best & Less Group Holdings Ltd (BST) is a value apparel specialty retailer with a 245 physical store network in Australia and New Zealand and an online platform across its two brands Best & Less (in Australia) and Postie (in New Zealand).

Best & Less Group seeks to provide its target customers with everyday low prices, convenient shopping experience, which supported by accessible stores and high levels of availability of wanted everyday basics and on trend products which are designed and marketed in line with the positioning statement of twice the quality at half the price.

Best & Less Group sells apparel across babywear, kidswear, womenswear, menswear, footwear, accessories and hosiery. In an environment where consumers may seek better value or lower price offerings, while maintaining a desire for high quality, BST is well positioned to increase its share of the $23.8 billion Australian and New Zealand apparel market. Management believes that the trend towards the value segment of the apparel market will accelerate in a post-COVID-19 environment. The BST value driven model is characterised by a relatively high number of customer touchpoints to generate its sales, including:
  • ... 22.6 million transactions in CY20;
  • ... 38.3 million website sessions in CY20; and
  • ... 91.6 million units sold in CY20.

Listing date ..... 26 July 2021 11:00AM AEST ##

Contact details .... https://www.bestandless.com.au/

Principal Activities ...... Holding company for an Australia and New Zealand based value apparel retail business operating the Best & Less brand in Australia and the Postie brand in New Zealand.

Issue Price .... $2.16
Issue Type ..... Ordinary Fully Paid Shares
Security code .... BST
Capital to be Raised .... $60,000,000
Expected offer close date .... 16 July 2021

Underwriter.... Fully underwritten. Macquarie Capital (Australia) Limited and Bell Potter Securities Limited (Joint underwritters and Lead Managers)
  Forum: By Share Code

nipper
Posted on: Jul 16 2021, 12:11 PM


Group: Member
Posts: 9,501

QUOTE
As I write, Sydney Airport has announced a proposal from a consortium of infrastructure investors at $8.25 a share or around 23 times EBITDA in the last non pandemic impacted year (2019). Enduring the pain of abysmal returns on low risk assets is clearly becoming too much for many. We quote EBITDA multiples more because they are more readily available. In every case, they offer an overly flattering and unrealistic view of true available cashflow and actual multiples are higher. The $30bn price tag for the same airport for which Macquarie paid $5.6bn in 2002 is a stark illustration of how well highly geared investments in relatively unchanged assets has worked in recent decades. Declining interest rates allowed Sydney Airport to fund virtually all capital expenditure through increased debt, whilst streaming all the cash to equity holders and no tax to the government. ....

this is in a ShareCafe article
When Will the Music Stop? By Martin Conlon

https://www.sharecafe.com.au/2021/07/15/whe...the-music-stop/
  Forum: By Share Code

nipper
Posted on: Jul 16 2021, 12:08 PM


Group: Member
Posts: 9,501

From a Value Investor , and probably finding it as hard to figure it out as the rest of us....
QUOTE
Every time either an investor (or a central bank) chooses to purchase an investment, another investor is agreeing to turn the proceeds into cash. When markets are flooded with cash at unappealing yields, the price at which investors are happy to turn an investment in bonds, shares, real estate or bitcoins back into cash rises. The same is true in reverse on the way down.

this is in a ShareCafe article
When Will the Music Stop? By Martin Conlon

https://www.sharecafe.com.au/2021/07/15/whe...the-music-stop/
QUOTE
.... June and early July saw several proposed acquisitions/price reactions which in most market conditions would be seen as madness. In technology, Altium refused a takeover bid of around US$3.9bn from US peer Autodesk. The company announced expected revenues of between US$190 to US$195m and EBITDA margins a little below 40%. At 20 times revenue and 50 times EBITDA on already very high margins, it is fair to say the cash payback Autodesk is expecting will be a little longer than that for Glencore.

Assuming, as management do, the future is extremely bright and market dominance awaits, allowing revenue to double and margins to be at least maintained, the price may reduce to only 25 times EBITDA once achieved. A handsome return of 4% will then be available should this profitability be maintained in perpetuity. Whether Altium is a quality company (a term increasingly used by investors to justify paying exorbitant prices) is not the key issue. It is the inherent uncertainty of the distant future and the extremely limited protection which these prices offer against the chance it is not as rosy as projection....
  Forum: Investment Discussion

nipper
Posted on: Jul 16 2021, 11:38 AM


Group: Member
Posts: 9,501

desperate days, desperate measures (back trading .... at $0.024 which is 44% below last April sells)

Equity Capital Raisings, Debt Restructure and Company Updates

SUMMARY
 Equity capital raising bookbuild completed and firm commitments received from institutional, professional and sophisticated investors for a placement to raise A$6.5 million (before costs)
 Buddy to undertake entitlement offer to existing shareholders to raise up to an additional A$10 million (before costs)
 Buddy is undertaking a debt restructure whereby (amongst other matters):
o .... it has agreed with its primary manufacturer, Eastfield, to pay US$2.75 million in full and final settlement of amounts owing in respect to a line of credit facility and historical accounts payables (such amounts totalling ~US$5.77 million, being US$3.02 million of debt forgiveness) ; payment will be funded via proceeds from the placement, entitlement offer and/or from PFG
o .... PFG, Buddy's secured lender, has also agreed to (amongst other things) restructure its existing term debt facility and, if required, fund part of the payment to Eastfield

Buddy will undertake a one (1) for 7.5 pro rata non renounceable entitlement offer of up to 400,000,000 New Shares at an issue price of A$0.025 (being the same issue price as the Placement)
  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 08:50 PM


Group: Member
Posts: 9,501

and looking to grow ... 18 June

SILK undertakes a $52 million strategic acquisition of Australian Skin Clinics and The Cosmetic Clinic in New Zealand, launches $20 million equity raising

Clinic footprint expands to 117 with strong foothold on Australian East Coast and scaled entry into Victorian and New Zealand markets

  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 08:42 PM


Group: Member
Posts: 9,501

Greencross (GXL) .... delisted from the close of trading on Wednesday, 27 February 2019 pursuant to Listing rule 17.11.
QUOTE
Vermont Aus was successful with an offer of $5.36 ($5.55 less a special dividend of $0.19) cash per GXL share or a mix of shares in Vermont Aus Holdco P/L and cash

  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 08:17 PM


Group: Member
Posts: 9,501

SILK Laser Australia Limited (SLA) is a specialist clinic networks, offering a range of non surgical aesthetic products and services. It has 53 clinics in its network throughout metropolitan and regional Australia, with 37 clinics owned by the Company or run in joint venture, typically with a leading cosmetic injectable nurse and 16 franchised clinics.


Founded in 2009, SILK is one of Australia's largest specialist clinic networks, offering a range of non surgical aesthetic products and services. It listed on the ASX in December 2020. Market cap $220 million.

SILK five core offerings comprise laser hair removal, cosmetic injectables, skin treatments, body contouring and fat reduction services and Owned Brand skincare products.

SILK's mission is to enable all consumers to have access to high quality and high efficacy treatments. SILK aims to do this by providing high quality client service, using advanced technology, at affordable prices. SILK currently has 53 clinics in its network throughout metropolitan and regional Australia, with 37 clinics owned by SILK or operated as a joint venture, typically with a leading cosmetic injectable nurse, and 16 franchised clinics.

SILK clinics are typically located in a shopping centre or on a high street, with all clinics across the network utilising contemporary branding and a consistent design and layout. SILK has a strong presence on the west coast of Australia and growing operations in Queensland and New South Wales..




as you can imagine, Covid lockdowns have not been particularly kind to business..... though it is still trading above its IPO price ($3.60?) at $4.10

Had a recent capital raise $20M placement, and now 60 clinics open
  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 08:09 PM


Group: Member
Posts: 9,501

Solagran .... believe it or not, Solagran SLA does not exist

QUOTE
From Delisted.com.au

25/01/2017 .... company is now called PRENOLICA LIMITED, the seventh name this company has had and arguably its 7th failure


delisted from the close of trading on Thursday, 31 December 2015, pursuant to Listing rule 17.12 and Guidance Note 33


if you are desperate for pinechips, try Leaf Resources LER or buy some Pinetarsol at your pharmacist
  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 08:04 PM


Group: Member
Posts: 9,501

Enero has been trucking along. Since last post it was unspectacular but recovered from Covid slump to move from under $1 to above three dollars. Now $2.75. Does it still do the same thing? A few acquisitions along the way.


Enero Group Limited (EGG) provides integrated marketing and communication services, including strategy, market research and insights, advertising, digital, public relations, communications planning, design, events management, direct marketing, corporate communications and programmatic media.

Market cap $250 mill. Revenues and earnings have been rising for last 5 years, RoE about 10. Growing margins also. Paid a dividend for last 4 years and latest in Aug. ... about 40% payout ratio.
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nipper
Posted on: Jul 15 2021, 07:53 PM


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Posts: 9,501

Australian Vintage Limited (AVG) is an Australian wine company involved in vineyard & boutique management, wine production, wine packaging, wine marketing and wine distribution. AVG produces wines for both Australian and international wine consumers and exports its product to the key markets in Australia, UK/Europe, North America, Asia and other countries. (but probably not China)
Market cap $200 million. Recovered quite nicely from Covid times. Now 80c a share
  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 07:50 PM


Group: Member
Posts: 9,501

Apiam Animal Health Ltd (AHX) is a vertically integrated animal health business providing a range of products and services to support the health and wellbeing of production animal and companion and other animal species.

Listed in late 2015 ; raised $6 million in April. Current market cap $125 million. Been acquiring vets and clinics in Qld recently.
  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 05:55 PM


Group: Member
Posts: 9,501

MTM Mt Monger Resources listed today ... did not move far from the 20c level all day
(not to be confused with the other recently listed MMG Monger Gold)
  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 04:58 PM


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Posts: 9,501

Talga made a presentation to a conference, another technology seminar.

https://www.talgagroup.com/irm/content/pres...ns.aspx?RID=301

the content is similar to most of the others, incremental release of information. One sharp eyed punter elsewhere ( bas ) noticed that they expected the anode plants to be operational from 2024. His memory was that there would be production from possibly 2022 to 2023.

Probably picked up by analysts, and why the SP is troughing low... $1.27.. Below recent cap raise. $1.20 had better hold as it had been tested quite a few times.
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nipper
Posted on: Jul 15 2021, 12:17 PM


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Posts: 9,501

Fleet of over 400 machines with 850 employees

(June) Earnings guidance FY21 of between $70M and $77 million, and increase in debt facility for use in acquisitions and property assets

July 2021, a capital raising of $79M plus SPP of $15 mill , both at $5.50 a share, to further pursue growth and acquisition opportunities. The SP retreated from a $6.20 high to around $4.80 today.
  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 12:00 PM


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ARB advises that it achieved unaudited sales revenue of $623 million for the financial year ended 30 June 2021 which represents growth of 33.9% compared with the prior year. Based on preliminary, unaudited management accounts, the Company's profit before tax for the financial year is within the range of $145 million to $150 million.

QUOTE
The Company maintains a positive short-term outlook based on its consistently strong customer order book. ARB is focused on managing input costs and global supply chain pressures whilst pursuing various market opportunities.

The current pandemic and economic conditions remain very uncertain and it is not possible to provide financial or operational guidance beyond the short term.

---- and up 8% to $45... (was $20 a year ago and $30 at the last 6 month update)
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nipper
Posted on: Jul 15 2021, 10:04 AM


Group: Member
Posts: 9,501

now the Jadar interest has been hived off into Balkans Mining (BMM), I guess Jadar will rename itself. The current mix of assets is eclectic, especially in Covid times with travel restrictions.

On 2 February 2020, Jadar announced that the Company had completed the acquisition of Minera Wealth Peru S.A.C., the holder of five concessions known as the Yanamina Gold Project. Following the acquisition of Yanamina, a Maiden JORC Resource Estimate was announced of 6,742,260 tonnes @ 1.23g/t gold and 4.31 g/t silver for 265,987 ounces of contained gold, and 934,528 ounces of contained silver, confirming the Yanamina Gold Project as a significant bulk mining development opportunity with strong economic potential.

On 17th November 2020, Jadar announced the acquisition of an option over the Tierra Blanca project, a Silver, Zinc and Lead prospect in Chihuahua State, Mexico. The district surrounding Chihuahua is a significant silver producing region with several substantial mines operated by majors and mid-tier companies, District Historical Production of 50Mt at 310 g/t Ag, 8.2% Pb and 7.1% Zn. Tierra Blanca is a drill ready project close to infrastructure and several processing plants. Sampling in an exploration drive has revealed highgrade zinc mineralisation outcropping to surface, with structural interpretation suggesting potential for high-grade silver at deeper levels.

Jadar announced in February 2021 that is has signed a sale and purchase agreement with Jervois Mining Limited for the purchase of the Khartoum Tin, Silver and Tungsten tenement portfolio. Due diligence has been completed on the Khartoum Tin / Silver /Tungsten Project in North Queensland Australia and is now moving towards final settlement of the sale and purchase agreement. Once final settlement has been completed Jadar is planning to complete a sampling and mapping program to refine the most prospective drill targets with the aim to complete a drilling program in 20215.


The Company also holds a number of lithium assets located within Austria adding additional diversification to the asset portfolio. The Company’s Weinebene Project in Austria surrounds European Lithium Limited Wolfsberg lithium deposit with 11MT @ 1.0%Li2O6

  Forum: By Share Code

nipper
Posted on: Jul 15 2021, 09:56 AM


Group: Member
Posts: 9,501

Atomos Ltd (AMS) is a global software and hardware technology company that creates, develops and commercialises products for the rapidly growing content creation market.

Atomos enhances video content creation by producing products that connect the imaging and computer worlds together, from the point of capture (camera) through to displaying (monitor), processing and recording of the latest high-quality video onto affordable computer media for creative enhancement and distribution of content.

The Company designs, develops and commercialises award winning, simple to use monitor / recorder products that ensure content creators consistently have access to the latest video monitoring, processing and recording technologies, regardless of how advanced the camera or production equipment they use.

The company listed in late 2018 at 41c a share, had a good year or so, then started slipping late 2019. A poorly timed acquisition was supported by a capital raise ..... and then Covid came along and it slumped to well under 40c. There has been a rebound in the last year; there was a capital raise in May 2020 and new products have been added .
QUOTE
About Atomos: Atomos is a global video technology company delivering award winning, simple to use monitor recorder content creation products. These products give content creators across the rapidly growing social, pro video and entertainment markets a faster, higher quality and more affordable production system.

The Atomos range of products take images directly from the sensor of all major camera manufacturers, then enhance, record and distribute them in high-quality formats for content creation using the major video editing software programs. Since being founded in 2010, Atomos has established strategic relationships with key technology providers within the ecosystem including Apple, Adobe, Sony, Canon, Panasonic, Nikon and JVC Kenwood.

Atomos is based in Australia with offices in the USA, Japan, China, UK and Germany and has a worldwide distribution partner network.

FY21 saw a 73% increase in sales to more than $77 million, with momentum building in the second half to $44 M. One fund manager wrote about AMS this week, mentioning the appointment of a Chief Product Officer straight out of Apple Video, and seeing upside from new product launches to both the professional and general consumer market, thinking there is upside to operational leverage given a relatively stable fixed cost base.

  Forum: By Share Code

nipper
Posted on: Jul 14 2021, 08:06 PM


Group: Member
Posts: 9,501

BMM listed today ... held up well and traded between 33c and 37c, closing at 36c .... Nice stag for some
  Forum: By Share Code

nipper
Posted on: Jul 14 2021, 08:04 PM


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Posts: 9,501

Balkan Mining and Minerals Ltd (BMM) is a newly incorporated mineral exploration company which is presently focused on the exploration of lithium and borates in the Balkans region of Serbia.

BMM was incorporated on 18 December 2020 as an Australian unlisted public company by its current parent company, Jadar Resources Limited (JDR).

Following a strategic review by Jadar of its assets, Jadar decided to demerge its Serbian assets to the Company. Jadar obtained shareholder approval for the Demerger at the General Meeting held on 19 April 2021.

Jadar held 10,000,000 Shares in the Company, being 100% of the Company's issued Shares. On completion of the IPO, Jadar will hold an interest of approximately 22% in the Company.

The Company holds interests in the following projects located within the Republic of Serbia:

(a) the Rekovac Project, which comprises three contiguous exploration licences (namely, the Rekovac, Ursule and Siokovac licences) covering an area of approximately 273km2 in the Pomoravlje district of Šumadija and Western Serbia;
(b) the Dobrinja Project, which comprises one exploration licence (the Dobrinja licence) covering an area of 37.58 km2 in the territory of Gornji Milanovac; and
c) the Pranjani Project, which comprises one exploration licence (the Pranjani licence) covering an area of 25.96 km2 in the territory of Požega.

Balkan Mining and Minerals Projects do not have defined Mineral Resources or Ore Reserves. The Projects are early stage greenfields exploration projects covering regions that are considered prospective for lithium and borate minerals. There has been insufficient exploration works at the Rekovac Project to define a Mineral Resource or Ore Reserve and no geological exploration works have been undertaken at the Dobrinja Project and Pranjani Projects (due to exploration licenses comprising those Project areas having only recently been granted by the Serbian authorities).

Listing date.... 14 July 2021 1:00PM AEST ##

Contact details .... Balkan Minerals and Mining Limited

Principal Activities... Mining exploration

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

Capital to be Raised... $6,500,000
Expected offer close date ....29 June 2021

Underwriter....This offer is not underwritten. 62 Capital Pty Ltd and ARQ Capital Pty Ltd (Joint Lead Managers)
  Forum: By Share Code

nipper
Posted on: Jul 14 2021, 08:00 PM


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Posts: 9,501

Jadar Resources Limited (JDR) formerly Jadar Lithium Limited, is a mineral exploration company with a focus on gold / silver and Lithium / Borate , with projects at varying levels of exploration across Peru, Serbia and Austria.

Bouncing around 1c for a while, JDR lifted in June/ July 2020 when it reported Borate and Lithium prospects at Recovac, in Serbia. But since then, JDR has run on news but retreated, often. Other projects keep cropping up, and it is hard to keep place. Website seems to suggest the Yanamina prospect in Peru is the focus, but other prospects on various continents keep cropping up.
And recently, following a strategic review by Jadar of its assets, Jadar decided to demerge its Serbian assets to the Company. Jadar obtained shareholder approval for the Demerger at the General Meeting held on 19 April 2021.On completion of the IPO, Jadar will hold an interest of approximately 22% in the Company. This new entity is Balkan Mining and Minerals (BMM) and listed 14 July 2021.
  Forum: By Share Code

nipper
Posted on: Jul 14 2021, 12:42 PM


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Posts: 9,501

another data centre ....

at the Macquarie Park Data Centre Campus, within the Sydney North Zone. The new data centre will be called IC3 Super West and will be the largest data centre on the campus, adding 32MW of IT Load to bring the total campus IT Load to 50MW over time. IC3 Super West is designed to seamlessly interconnect with IC3 East.

... this will be the 5th Centre, with 3 in Sydney and 2 in Canberra
.... Numbers have been confirmed: FY21 EBITDA will be within the previously announced guidance of $72 to $75 million.


and MAQ up 10% to $61+
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nipper
Posted on: Jul 14 2021, 10:39 AM


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Posts: 9,501

Mirrabooka Annual Report is out.

... The 12 month portfolio return for Mirrabooka including franking of 50.9%, was well ahead of the combined Small and Mid Cap 50 benchmark return over the corresponding period, including franking, of 35.2%. The outperformance over both the short and long term is a very pleasing result, and further highlights the resilience of our investment approach.
... The Full Year Profit was $6.4 million, in line with the result last year. The fall in the contribution from investment income as companies reduced or suspended dividend payments was offset by an improved contribution from the Trading Portfolio.
... Adjustments made to the portfolio though the period, reflecting the increased valuation risk in several holdings following very strong recent performance, produced realised gains after tax of $29.3 million. In the corresponding period last year realised gains after tax were $5.2 million.
... The Company maintained the final dividend at 6.5 cents per share fully franked. A special fully franked dividend of 2.0 cents per share has also been declared following the strong realised capital gains for the year. This brings total dividends for the year to 12.0 cents per share, fully franked versus 10 cents per share fully franked last year. Shares issued under the share purchase plan in February 2021 are entitled to fifty percent of the total final dividend, which is 4.25 cents per share fully franked.

...---.---.-.--...---...----.--.-.-.--.---.....
Major acquisitions (above $5 million)
PEXA Group (participation in IPO)
FINEOS Corporation (includes participation in placement @$4.26 per share)
NIB Holdings
Corporate Travel Management
Iress

Other additions to portfolio:
Superloop
Select Harvests
IDP Education
Lark Distilling Company
PSC Insurance Group
Nanosonics
Bike Exchange
Domino's Pizza Enterprises


Major Disposals/ Reductions
Objective Corporation
Qube Holdings
Reece
Brickworks (total disposal #)
HUB24

The other high-profile IPO that Mirrabooka participated in was Nuix. However, this position was sold relatively quickly without loss following signs that it would not meet our initial expectations.
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nipper
Posted on: Jul 14 2021, 09:05 AM


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Posts: 9,501

On 13 July, 2021, Vitalharvest Freehold Trust (VTH) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between VTH and its unitholders in connection with the acquisition of all the units on issue in VTH by Macquarie Agricultural Funds Management No. 2 Pty Limited as trustee for the M2 Acquisition Trust.
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nipper
Posted on: Jul 13 2021, 03:34 PM


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Posts: 9,501

Leaf utilises its patented organic solvent production process to extract sustainable and clean pine chemicals from resinous pine logs and stumps at significantly lower cost than existing global supply, without the chemical additives traditionally used.

Rosin and its chemical derivatives are mainly used to make things like soaps, varnishes, sealing wax, printer inks, driers, adhesives, soldering fluxes and gloss oils for paints.
  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 01:49 PM


Group: Member
Posts: 9,501

QUOTE
Leaf Resources is tapping investors for another $6 million to expand its rosin and terpenes production to 16,000 tonnes per annum, following its first purchase order from the Yasuhara Chemical Company.

The company has appointed Sequoia Corporate Finance to manage the one tranche placement... at 10˘ per share, a 9.1 per cent discount
.
  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 01:12 PM


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Posts: 9,501

IND hit the ASX today, and is up 50% on IPO price, at 30c.

Nice stag.
  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 12:43 PM


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Posts: 9,501

recent times have made it hard for PNV to grow .... but the company is getting runs on the board. Now trading around $2.40


Record US Turnover in June'21 and 4Q21, US Sales Team Increased to 36

QUOTE
Notwithstanding limited access to US hospitals and surgeons due to Covid, PolyNovo is experiencing increasing revenue momentum in the US and all other major markets. PolyNovo US reports more than 50 per cent of hospitals are now re engaging for business. At the same time, the US sales team has been expanded to 36 with 6 new staff trained in the last month. This will expand our geographic footprint and our ability to service recently signed Group Purchasing Organisations.

While FY21 BTM revenue growth of circa 34% is a good indicator of FY21 BTM financial performance, recent business fundamentals have significantly improved as follows:
• US BTM revenue in $US has grown 49% in FY21 over FY20.
• US 4Q21 BTM revenue is a record $US 4.9M compared with 4Q20 of $US 3.3M
• Record monthly BTM revenue of $A 3.3M in June '21
• FY21 Distributor revenue growth was 53% with strong increases in the DACH region (Germany, Switzerland, and Austria), further sales in South Africa and India, good first sales in Finland, Italy, and Taiwan.


They are concentrating on using their capital to get market share at the moment, rather than profit. Using cash for hiring of new sales staff, assisting surgeons with their first operation, marketing etc.

So they need to build up sales staff overseas. Covid has slowed them down (can not visit hospitals, lockdowns worldwide, less operations)

Once they are fully established, the marketing/sales costs can be reduced and the profits can flow. (?) Awaiting release of the other ranges, hernia / breast reconstruction etc.
  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 12:11 PM


Group: Member
Posts: 9,501

Gentrack Group Limited (GTK) has been listed since 2014. From $2, it ran to $6+ in 2018 before retreating. By Covid times, it was under $1.

The company is involved in design, development, implementation and support of specialist software solutions for energy utilities, water companies and airports mainly in Australia and New Zealand. Gentrack offers two principal products being Gentrack Velocity and Airport 20/20.
QUOTE
About Gentrack
The global pace of change is accelerating, and utilities need to rebuild for a more sustainable future. Gentrack provides leading utilities across the world with innovative cleantech solutions.

Working with some of the world's biggest energy and water companies, as well as innovative challenger brands, we are helping companies reshape what it means to be a utilities business
.

After suspending guidance in 2020, there has been a rebuilding of management and focus. Now $1.88
  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 11:48 AM


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Posts: 9,501

OTW informed the market that they do not expect to meet FY21 consensus expectations due to a hardware supply deal not being delivered until July 2021, and thus not recognised until FY22 (the resultant EBITDA effect was $1.50 million).

Management also made several other notable points; organic revenue growth for 2H FY21 was ~7% (or ~+15% annualised), new recurring revenue signed in Q4 FY21 will exceed $350,000 contracted monthly recurring revenue (MRR), and 50% of the EBITDA benefit from the Tier 1 Voice Provider project will be realised from 1st July.
QUOTE
From our point of view the miss to earnings is a disappointment, mainly because OTW management have made a regular habit of missing expectations solely due to the non recurring part of the business. Looking through this, the underlying core of the business looks sound and if anything, looks to be expecting stronger growth going forward. The CEO comments that FY22 is expected to generate +15% organic recurring revenue growth driven by a solid pipeline of opportunities were also reassuring. In the FY21 result we will also be looking for further clarification around large new client wins for wholesale clients who can utilise the OTW Tier 1 voice capability.
... Naos (NSC)
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nipper
Posted on: Jul 13 2021, 11:05 AM


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trading update for the quarter ended 30 June 2021 (Q1 FY22).


Highlights
Record quarterly loan originations of $216.4 million, 260% above PCP and 26% above prior quarter
• Record monthly loan originations of $83.4 million in June, representing a $1 billion annual run rate
• Loan portfolio increased to $757 million, 96% above PCP and 23% above prior quarter
• Prime loan portfolio continued to demonstrate a strong credit performance, with annualised credit losses below 75 basis points and 90+ day arrears remaining low at 35 basis points
• Automotive warehouse facility increased yesterday by $100 million to $450 million
• Automotive warehouse equity requirement materially reduced, releasing funds to support ongoing growth
• Renewable energy and personal loan warehouse facility increased by $100 million to $200 million
• Commercial automotive loan offering successfully launched with selected referral partners, approximately doubling Plenti’s addressable market in automotive finance
  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 11:01 AM


Group: Member
Posts: 9,501

QUOTE
Three behavioural themes ... have deeply conditioned investors: TINA, or there is no alternative to stocks with yields so very low; BTD, buy the dip as the liquidity wave continues; and FOMO, fear of missing out on yet another move up in stocks.

While the most probable outcome in the short term, this should not preclude forward-looking analyses of two associated risks. The first relates to so called de-grossing"... that is, simultaneous reductions in risk taking positions led by those have bet on an improving economy with the reflation trade. That would involve cutting overweight positions in risky stocks and underweight exposures in risk free government bonds, the result of which would be adverse contagion for a bigger set of financial assets.

The other, more worrisome possible future extension of recent events is that the economy and the financial system may have already experienced too much of a good thing. With the Fed already behind on inflation and with supply side problems proving more persistent, there is growing concern that the more the central bank waits to taper its $US120 billion ($160.4 billion) of monthly bond purchases the more likely it will be forced into slamming the policy brakes on at some point.

In the meantime, speculative excesses would have built up further, more resources would have been misallocated across the economy, and more unsustainable debt would have been incurred....


Mohammed El Arian
  Forum: Investment Discussion

nipper
Posted on: Jul 13 2021, 10:51 AM


Group: Member
Posts: 9,501

up $1.00 to $7.50.
SHV benefiting from supply constraints in California and increased demand :

QUOTE
MD Paul Thompson said: Record almond shipments and the worsening Californian drought have led to a recent price appreciation. Demand for almonds, both in their natural form and as a value added food ingredient, in products such as plant based milks and yoghurts, continues to grow. Thanks in part to the December 2020 acquisition of Piangil Almond orchard, Select Harvests is set to achieve a record almond crop of 28,250MT in 2021. With good progress being made on the 2022 crop, Select Harvests remains focused on the factors within its control, including almond volume, quality, value adding and operating costs.

  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 10:43 AM


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Posts: 9,501

Kula Gold Ltd (KGD) started off in 2010 looking at New Guinea gold prospects on Woodlark Island / Kulamandau, PNG.


These seem to have fallen by the wayside and the share price fell from over a dollar to sub 10c by mid 2013. Assuming there have been recapitalisations along the way, it is now a Western Australia gold exploration company focused on land positions and structural geological settings capable of hosting 1m oz equivalent deposits. The company has projects within the Southern Cross WA region including Rankin Dome and Marvel Loch, as well as near Brunswick and Kurnalpi / Lake Rebecca.


and today, driving the PS up 30% to 5c,

Southern Cross /Airfield RC Drilling discovers +42m Vertical Thickness High Quality Kaolin Clays near surface
Highlights:

• Drillhole 21BMRC001 intersected 10m @ 7% Halloysite from 40m depth downhole (8.8m true thickness) within an intersection of 55m of kaolin downhole;
• All three RC holes intersected +42m average vertical thickness white kaolin clays near the centre of the licence (the Boomerang Kaolin Prospect) only 5m from surface;
• Initial lab sample analysis confirms high ISO brightness, high kaolin % and low impurities;
• HPA sighter leach test in progress;
• RC drill rig secured for immediate resource definition drilling program commencing this quarter
  Forum: By Share Code

nipper
Posted on: Jul 13 2021, 10:02 AM


Group: Member
Posts: 9,501

this was an interesting one... pulling out all stops to keep afloat the inefficient aspects of economies.
QUOTE
The statement by the People's Bank of China, when announcing the reason for the RRR cut, was rather interesting.

To support the real economy...and in light of rising costs for micro and small businesses caused by increasingly higher commodity prices this year.

I am not sure how you interpret that but it sounds like the Chinese authorities are concerned about a slowing economy and rising prices.

There is a horrible word for that combination.

We all know that China was the first in and the first out of the COVID crisis and now it is telling us that they see trouble ahead.

In addition, we should recall that China's banking regulator, the CBIRC, has been sending out some cautionary signals for a while.

In March this year, Guo Shuqing, head of the CBIRC, warned of bubbles in the west and in late May his deputy gave a similar warning talking of excessive debt levels, financial market bubbles and inflation.


Is China battening down the hatches?

.

.
.

stagflation ????
  Forum: Investment Discussion

nipper
Posted on: Jul 12 2021, 07:14 PM


Group: Member
Posts: 9,501

So, Branson made it to space. He even was weightless for 3 seconds. SO, what did he do when he got bored, after the first second?
  Forum: Off Topic Chat

nipper
Posted on: Jul 12 2021, 04:29 PM


Group: Member
Posts: 9,501

Swoop making true to its announced intentions: ... looking to acquire Beam Internet, the largest privately owned fixed wireless network in regional South Australia, for a total enterprise value of $7.2 million.
QUOTE
Beam Internet offers fast and affordable high speed Wireless Broadband on its own network of over 60 towers and masts and has more than 3,600 on net residential and SME services in operation. The Beam network covers the Fleurieu Peninsula, Barossa, Kangaroo Island, Mid North, Murray Bridge and South East regions in South Australia, and also parts of the West Victoria and Mallee regions in regional Victoria.
  Forum: By Share Code

nipper
Posted on: Jul 12 2021, 02:11 PM


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Posts: 9,501

HIGHLIGHTS from 01 July:

• Wellnex Life completes acquisition of Brand Solutions Australia and Pharma Solutions Australia businesses
• ASX has provided conditional approval for reinstatement of securities to trading
• Wellnex Life will commence trading next week under new issuer code WNX (has not happened yet)


....... Following completion of the BSA transaction, Wellnex now has:
1. An existing portfolio of consumer brands already in stores and on shelves
2. A pipeline of new brands that are ready to ship
3. Some $20+ million in annualised revenue
4. Established distribution relationships with leading retail groups, including a 10 year agreement with Chemist Warehouse
5. A strong balance sheet from which to accelerate growth.
WNX management is having an Investor Briefing at 12pm on Monday, 12 July to provide a business update as the Company moves forward, with the Hidden Gems Webinar to follow on Friday.
  Forum: By Share Code

nipper
Posted on: Jul 12 2021, 02:03 PM


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Posts: 9,501

IPO shares priced at $3.95 .... DRA listed on Friday, opened at $4.00 and has been holding there and a bit higher since.
  Forum: By Share Code

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


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Posts: 9,501

AE1 listed today .... holding just above, at 21c.
  Forum: By Share Code

nipper
Posted on: Jul 12 2021, 01:59 PM


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Posts: 9,501

RBX opened under IPO price and has been trading around 17c ever since, (low vol)
  Forum: By Share Code

nipper
Posted on: Jul 12 2021, 10:38 AM


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Posts: 9,501

it is interesting both Viva and Ampol (ALD) are pushing ahead with investment. What were service stations are evolving .... battery charge sites, hydrogen in the future (?), retail, convenience.

A few issues work in their favour: cars are ubiquitous and will continue to be the preferred means of transport for those that can afford them. EVs are merely the next iteration. And real estate offered by the locations is hard to replace.
  Forum: By Share Code

nipper
Posted on: Jul 12 2021, 10:22 AM


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Posts: 9,501

like a moth to a candle, WES is attracted to retail, and the competitive aspects that implies. SOL could not make a go of it and are probably glad they have found a buyer for their 19.3% stake

Wesfarmers Managing Director Rob Scott said the acquisition of API would provide an attractive opportunity to enter the growing health, wellbeing and beauty sector.
QUOTE
If the Proposal is successful, API would form the basis of a new healthcare division of Wesfarmers and a base from which to invest and develop capabilities in the health and wellbeing sector.

The combination of Wesfarmers and API is a compelling opportunity to capitalise on APIs strengths and positioning in these markets while drawing upon Wesfarmers capabilities in retail and distribution, our strong balance sheet and our willingness to invest in our businesses for growth over the long term.


Wesfarmers supports the community pharmacy model, including the pharmacy ownership and location rules, and considers the API relationships with its community pharmacy partners to be one of its key strengths. We see opportunities to build on these relationships and invest to expand ranges, improve supply chain capabilities and enhance the online experience for customers. These investments are expected to strengthen the competitive position of API and its community pharmacy partners, Mr Scott said.

  Forum: By Share Code

nipper
Posted on: Jul 12 2021, 10:02 AM


Group: Member
Posts: 9,501

Industrial Minerals Ltd (IND) is an Australian unlisted public company, incorporated on 23 February 2021 for the primary purpose of acquiring the Projects, listing on the ASX and exploring and developing for industrial minerals.

The Company has acquired a 100% interest in the following material projects:

(a) the Quins High Purity Silica Sand Project, which is located in the south-west of Western Australia, approximately 15km west of Ledge Point, comprising two granted exploration licences (E70/5340 and E70/5720);
(b) the Unicup High Purity Silica Sand Project, which is located in the south-west of WA, approximately 150km south east of Bunbury, comprising one granted exploration license (E70/5713);
c) the Lake Macleod Gypsum and Sale Project, which is located in the north-west of Western Australia, approximately 155km north of Carnarvon, comprising of one granted exploration licence (E08/3089);
(d) the Turner River (North and South) Project, which comprises construction sand and aggregate and is located approximately 20km from Port Hedland, comprising of one granted exploration licence (E45/4570) and one pending exploration licence (E45/5268); and
(e) the Roebourne Aggregate Project, which is located between Roebourne and Wickham in the north-west region of WA, comprising of two exploration licence applications (E47/4299 and E47/4298); and
(f) the Karratha Construction sand and Aggregate Project, which is located approximately 10km from Karratha and 25km from Roebourne, comprising of one granted exploration licence (E47/3144).

In addition, the Company has acquired a 100% interest in the following high purity silica sands applications:

(a) the Cataby West Project, which is located approximately 130km north of Perth, comprising of two exploration licence applications (E70/5714) and (E40/5778);
(b) the Mullering Project, which is located approximately 130km north of Perth, comprising of one granted exploration licence (E70/5715);
c) the Jurien Project, which is located approximately 170km south of Geraldton, comprising of one granted exploration licence (E70/5741); (d) the Gingin Project, which is located 80km north of Perth, comprising of one granted exploration licence (E70/5742) and one exploration licence application (E70/5782); and
(e) the Regans Ford Project, which is located approximately 105km north of Perth, comprising of one exploration licence application (E70/5766).


Listing date.... 13 July 2021 1:00PM AEST ##
Company contact details ..... https://industmin.com/

Principal Activities .... Mining exploration
Issue Price ... $0.20
Issue Type ... Ordinary Fully Paid Shares
Security code ... IND

Capital to be Raised ... $5,000,000

Expected offer close date .... 21 July 2021
Underwriter.... Not underwritten. CPS Capital Group Pty Ltd (Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jul 12 2021, 09:39 AM


Group: Member
Posts: 9,501

Highlights

• Wesfarmers (ASX:WES) has submitted a non-binding, indicative offer to the Board of Australian Pharmaceutical Industries Limited (API) to acquire 100 per cent of API shares outstanding for $1.38 cash per share by way of a scheme of arrangement.
• Proposal price represents a 21 per cent premium to the API last close price of $1.145 per share.
• API major shareholder Washington H. Soul Pattinson and Company Limited (SOL), which owns 19.3 per cent of API shares outstanding, has agreed to vote in favour of the Proposal and has granted a call option in respect of its API shares in favour of Wesfarmers.
• API operates a portfolio of complementary wholesale and retail businesses in the growing health, wellbeing and beauty sector.
• Wesfarmers is well positioned to bring capital and unique capabilities to support investment that will strengthen the competitive position of API and its community pharmacy partners.



  Forum: By Share Code

nipper
Posted on: Jul 11 2021, 08:08 PM


Group: Member
Posts: 9,501

a bit behind in the plan getting to list.... often the case with these sorts of hopefuls


Listing date.... 12 July 2021 11:30 AM AEST ##
Company contact details .......... https://resourcebase.com.au/
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)

QUOTE
The Black Range Project (124 sq.km.) includes multiple, largely untested, targets over approximately 100 kilometres of Stavely Arc volcanics. The volcanics within the Project area are mostly concealed by more recent cover rocks. Small windows of basement exposure have led to the discovery of a number of copper and gold prospects such as Eclipse, Lexington and Pollockdale.
The Black Range Project is located within the Mount Stavely Volcanic Complex (VIC)

Acquiring 100% of the Black Range Project (EL4590) from Navarre Minerals Limited (ASX:NML) in an all script deal. NML join the register as a substantial shareholder
  Forum: By Share Code

nipper
Posted on: Jul 11 2021, 07:10 PM


Group: Member
Posts: 9,501

.... one that did not get better with age

Coonawarra Premium Vineyards Limited (CNR) (the Trustee and Responsible Entity of Coonawarra Australia Property Trust)
in liquidation ... September 2013
deregistered.... February 2017
  Forum: By Share Code

nipper
Posted on: Jul 11 2021, 05:41 PM


Group: Member
Posts: 9,501

yep, the Investor Presentation of 06 July saw a lift in the days following, from $3.20 to $4.20 in a week.
QUOTE
} Arguably The Most Important Metric At LRK is the Net Sales $ per Litre We Generate From Our Whisky
} The Board Has Engaged KPMG to Validate the Methodology Used to Derive the Updated Net Sales per Litre
} In An Environment of Limited Mature or Finished Whisky Lark must strategically maximise its NSR$ per Ltr

and came up with number higher than what was priced in:
} Before Assigning Any Value to Brand or Goodwill, The Lark Whisky Under Maturation is valued today at $236m
... Assuming LRK Maintains $216 NSP/Ltr the Value of Whisky Under Maturation At The End of F22 Will Be $388m
  Forum: By Share Code

nipper
Posted on: Jul 11 2021, 04:00 PM


Group: Member
Posts: 9,501

and that was probably the low point of the retracement from earlier run up and blow off. Now $8.33

Posted elsewhere is a Reuters story that Stellantis (never heard of hem? ... the 4th largest auto maker in the world, of Jeep and Peugeot among many) has signed MoU for supply of geothermal brine lithium in Europe from VUL from their German project, and in California from Controlled Thermal Resources (privately held) for a Salton Sea resource.
  Forum: By Share Code

nipper
Posted on: Jul 11 2021, 03:42 PM


Group: Member
Posts: 9,501

and there is a differing view, that Ramsay is, in this age of cheap money, a possible future private equity target.

QUOTE
[O]nce a highly sought after premium private hospital asset with dominant share in Australia and growing global footprint, [Ramsay] saw its share price lost 40 per cent of its value when the pandemic caused disruptions to the private hospital system.

Even today, the Ramsay share price is languishing. This is despite hospital waiting lists running at over 12 months long, the advent of probably one of the biggest baby booms in recent years, not to mention that the number of private health insurance members is also on the rise.

The reason for its share price doldrum is simple, and short sighted. Ramsay's near term earnings are yet to return to pre COVID 19 levels and the recent Sydney lockdowns possibly lengthens the recovery profile. Markets seems struggle to see through more than two months at the moment, resulting in many buying opportunities being overlooked.
Jun Bei Liu ... Tribeca
  Forum: By Share Code

nipper
Posted on: Jul 10 2021, 10:49 PM


Group: Member
Posts: 9,501

Listing date... 12 July 2021 1:00 PM AEST ##

Contact details .... https://www.aerison.com/

Principal Activities .... Provider of multidiscipline industrial services to the minerals and mining, oil and gas, infrastructure and power generation industries.

Issue Price ... $0.20
Issue Type .... Ordinary Fully Paid Shares
Security code ...... AE1

Capital to be Raised .... $13,500,000
Expected offer close date .... 08 June 2021
Underwriter.... Not underwritten. Peloton Capital Pty Ltd (Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jul 10 2021, 12:44 PM


Group: Member
Posts: 9,501

SLK closed at high for the day of $2.50 on its IPO

QUOTE
Chief executive Brendan Boyd said .... this is a time when people really want visibility over their supply chains, and with our asset light model we can not only give them oversight, we can give them insight into how they can make better decisions.

Targeting recession proof industries such as fast moving consumer goods, food, and containerised agriculture products, Silk picks up goods from the port, brings them to warehouses, picks them to order and then distributes them wherever the customer wants.

But rather than the goods disappearing into the black box of the supply chain, Silk Logistics technology tracks the delivery through a single visibility layer, and consolidates multiple freight streams to a vehicle.

Through this process, Silk collects a mountain of data customers can analyse to help strip out inefficiencies and costs, allowing them to provide almost daily feedback on slower and obsolete stock or on stock that might be nearing its end of life on the shelf.

...................................

and, .... SLK has a 19 per cent annual growth rate for the last six years, actual revenues, earnings and a prospective dividend.
  Forum: By Share Code

nipper
Posted on: Jul 10 2021, 11:55 AM


Group: Member
Posts: 9,501

On 08 July, 2021, Wattle Health Australia Limited (WHA) changed its name and ASX code to Wellnex Life Limited (WNX).

Wattle Health Australia is an Australian company, based in Melbourne Victoria, committed to developing, sourcing and marketing high quality Australian made consumer food products. WHA operates in the fast moving consumer goods industry, currently focusing on infant formula and dried dairy products.

WHA listed on the ASX during March 2017. It had a run in 2018, from 20c to nearly $3, before the inevitable reality check, capital raise and dilution, plus news of a push into China
July 2018,; announced that Corio Bay Dairy Group Pty Ltd (CBDG) has purchased the land to build Australia's first dedicated organic nutritional milk spray dryer. CBDG is a Joint Venture between Organic Dairy Farmers of Australia Limited, Niche Dairy Pty Ltd and WHA to provide the market with ongoing supply of Australian organic nutritional milk powder.
And 2019, became the first company offering organic A2 nutritional dairy product to the Australian market. But really the 2018 peak was as good as it got.


In 2021, placement and rights issue (at 15c, which indicates how far it retreated) and shaking off the failed focus on milk. ( milk shake with sour taste in your mouth)
---...-.-.-.-...-.-.-.-.-.-.-..-..-...-...----.-..-.-.-.-

And now the company wants to be focused on Health and Wellness, hence the name change, with the following Brands already out there, and looking to grow
Uganic ... Organic nutritional milk products
Little Innoscents .. Organic Baby Skincare
Compeed Plasters
Wagner Liquigesic ... Soft Gel Ibuprofen + Paracetamol
Simply 7 Lentil Chips
Iron Gummies Wakey Wakey ... energy gummies
  Forum: By Share Code

nipper
Posted on: Jul 10 2021, 10:41 AM


Group: Member
Posts: 9,501

as long as the company keeps growing, and profitably, I guess I do not care too much about the upcoming branding exercise
QUOTE
The Company proposes to change its name from PKS Holdings Limited to Beamtree Holdings Limited which more suitably reflects the proposed future operations of the Company and its global presence.

The brand change will futureproof and reinvigorate the company persona as we implement our growth strategy to expand existing and new products and services. It emphasizes our long term commitment to innovation with the customers and communities we serve both in Australia and around the world. Beamtree is a global enterprise that supports the clinical, economic and human imperative of best value healthcare.

Definitional meaning :
1. the Beamtree is a relative of the pear tree.
2. A physical phenomenon created when an electron beam travelling near the speed of light is focused on a plastic surface creating river like patterns.
3. The name for an approach to the visualisation of large hierarchical datasets.
and a change to BMT for the ASX code
  Forum: By Share Code

nipper
Posted on: Jul 9 2021, 07:42 PM


Group: Member
Posts: 9,501

For Regal Investment Fund (ASX:RF1) and the declaration of its final distribution in respect to FY21.

QUOTE
The closed end unit trust structure ensures the vehicle and its beneficiaries are unburdened by the dilutive effects of capital inflows, with each respective interest in the Listed Investment Trust (LIT) being identified by the investor’s holding of units. However unlike LICs, in which earnings may be carried forward across reporting periods, with the Board of Directors determining the payout ratio; LITs are required to distribute all taxable net income to unitholders over the relevant financial year, which can result in volatile distributions between such periods. RF1 operates under the Attribution Managed Investment Trust (AMIT) regime and has posted a trailing 12 month increase in the net asset value (NAV) of 108.2%, as compared to a unit price increase of 136.8%, as at 30 April 2021. We anticipate a material final distribution on the basis of strong performance and high portfolio turnover in relation to FY21. Higher than expected distribution earnings, the absence of a smoothing effect and the fund’s capital growth profile makes for a compelling reinvestment argument.


Taking into account the time value of money, this could also result in compounded capital growth. We note the attractiveness of the trust’s distribution reinvestment plan (DRP), in which
(1) if the prevailing market price is ≥ NAV, plan participants will receive their distributions as newly issued units in the fund at the NAV price or;
(2) if the prevailing market price is < NAV, distributions on units subject to the plan will be used to acquire the fund’s units on-market.

This is non discretionary, being fundamentally built into the plan by the Responsible Entity. RF1 is currently trading at an indicative premium of 0.2%. On the basis of this premium being sustained, investors who elect to enroll in the DRP will receive new units at the ‘cheaper’ NAV price. Assuming RF1 continues to provide unit price and total returns in line with historical levels since inception, we forecast capital growth under distribution reinvestment as being highly accretive to unitholders. Note that this also assumes a like for like generation of dividend income and realised capital gains. An additional estimated 9.2% p.a. from inception to 26 May 2024 would be generated for those investors who fully reinvest distributions over this period.

https://www.sharecafe.com.au/2021/06/02/bel...-for-dividends/

  Forum: By Share Code

nipper
Posted on: Jul 9 2021, 01:27 PM


Group: Member
Posts: 9,501

Technology & Hardware

QUOTE
We experienced an unprecedented spike in demand for devices throughout 2020, with no signs of demand abating in 2021.
Market Statement, Dicker Data Ltd
  Forum: By Share Code

nipper
Posted on: Jul 9 2021, 12:49 PM


Group: Member
Posts: 9,501

SLH had its IPO today ..... opened at midday, at $2.28, ran as high as $2.48 and now $2.42
  Forum: By Share Code

nipper
Posted on: Jul 9 2021, 09:38 AM


Group: Member
Posts: 9,501

ASX futures down 51 points or -0.7% to 7204


  • ... AUD down 0.7% to 74.32 US cents
  • .... Bitcoin on bitstamp.net $US32,815.60
  • .... On Wall St: Dow -1% ; S&P 500-0.8% ; Nasdaq -0.6%
  • .... In Europe: Stoxx 50 -2.1% ; FTSE -1.7% ; DAX -1.7% ; CAC -2%
  • .... In New York: BHP -0.9% ; Rio -2.1% ; Atlassian -0.6%
  • .... Spot gold down 0.2% to $US1,799.46 an ounce
  • .... Brent crude +0.6% to $US73.89 a barrel
  • .... US oil +0.6% to $US72.67 a barrel
  • .... Iron ore down 1.9% to $US218.04 a tonne
  • .... 2 year yield: US 0.19% ; Australia 0.09%
  • .... 5 year yield: US 0.74% ; Australia 0.72%
  • .... 10 year yield: US 1.29% ; Australia 1.31% ; Germany -0.31%
  Forum: Investment Discussion

nipper
Posted on: Jul 9 2021, 09:22 AM


Group: Member
Posts: 9,501

On 28 June, 2021, K2 Energy Limited (KTE) was removed from the ASX's Official List at the request of the company, in accordance with Listing Rule 17.11 and as outlined in KTE's announcement dated 17 June 2021.
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 11:48 PM


Group: Member
Posts: 9,501

Zimbabwe is home to a series of highly promising resources including ASX-listed Prospect Resources’ (ASX:PSC) Arcadia project and London-listed Premier African Minerals’ Zulu project.

Prospect’s Arcadia, where a pilot plant opened just last week, is of particular note.

Measured to a 1% cut-off, the project has a high grade JORC mineral resource of 43.2 million tonnes at 1.45% lithium oxide and 119 parts per million tantalum pentoxide for 61.5 million tonnes of lithium oxide and 11.3 million pounds of tantalum pentoxide.

The project’s DFS was updated in 2019, outlining a low-cost project with a pre-tax internal rate of return of 71% and payback within 18 months of first production.

The DFS mapped an estimated 15.5-year initial mine life – a substantial project of note in a country where lithium potential is largely untapped.

The project has offtake partners secured and with its pilot plant up and running looks to be one of the most advanced ASX-listed lithium projects
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 04:13 PM


Group: Member
Posts: 9,501

an ATH for PKS today .... 46.5c
not much volume, though
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 04:10 PM


Group: Member
Posts: 9,501

there is a Sharecafe article about SoP

Sulphate of Potash: A Revolution in Farming, Food and Fertiliser

ttps://www.sharecafe.com.au/2021/07/07/sulphate-of-potash-a-revolution-in-farming-food-and-fertiliser/

and it is mainly an interview with the recently listed Trigg (TMG) CEO. A very effective communicator.
  Forum: Investment Discussion

nipper
Posted on: Jul 8 2021, 03:51 PM


Group: Member
Posts: 9,501

a repeatable trend....

but up, today, some 25% to 1.4c

McTavish Delivers Bonanza Grade Gold Results up to 91.2 g/t Au
● Final assays from recent drilling at the McTavish Prospect at the Kookynie Gold Project1 have been returned delivering some of the best high grade results at the Project to date
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 03:46 PM


Group: Member
Posts: 9,501

Cheers biggrin
Now 13 years and NME has been up and down and up and down, but mainly down

Nex Metals Explorations Limited (NME) is an Australian based company engaged in exploring for gold, copper and nickel. The Company is involved in mineral mining and exploration in Western Australia. Its projects include Yundamindera Gold Project and Kookynie Gold Project.
Metalicity (MCT) earned a farm in for the Kookynie project and announced some good intersections. (none of the 1g/Tonne wishfulness)

MCT up 25% while NME up 110% (more or less)
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 01:42 PM


Group: Member
Posts: 9,501

Silk Logistics Holdings (SLH) is a leading Australian owned logistics business providing an integrated port- to- door service to some of the world's best known brands.

This agile approach has led to strong revenue growth, and consistent margins and return on capital. The business model is asset light and uses a Tier 1, technology enabled platform to consistently deliver industry leading service outcomes to its blue chip customer base.

Silk differentiates itself in the market by blending its physical logistics capabilities and scaled national footprint with predictive insights capability, inventory optimisation and supply chain visibility from wharf to warehouse and through to last mile distribution.

The Company operates as two primary divisions and three distinct services : Port Logistics division offering wharf cartage, and Contract Logistics division offering warehousing and distribution services.

The Company has a national footprint with operations in all mainland states in Australia.

It is anticipated that SLH will list on the ASX during July 2021

Listing date... 09 July 2021 12:00PM AEST ##

Company contact details .... https://www.silklogistics.com.au/

Principal Activities .... Integrated Logistics

Issue Price .... $2.00
Issue Type .... Ordinary Fully Paid Shares
Security code ... SLH
Capital to be Raised ... $70,000,000

Expected offer close date ... 29 June 2021
Underwriter ..... Fully underwritten. Shaw and Partners Limited and Morgans Corporate Limited (Joint underwriters and Lead Managers)
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 12:16 PM


Group: Member
Posts: 9,501

and away .... PGO opened trading, but no stag here. 24c to 25c range so far.
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 11:16 AM


Group: Member
Posts: 9,501

and away.... LKY is trading at 21c to 22c on Day One
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 11:02 AM


Group: Member
Posts: 9,501

Locksley Resources Ltd (LKY) is a minerals exploration company that was incorporated in 2018 for the purpose of identifying, exploring and developing copper and gold deposits in the world class Lachlan Fold Belt of New South Wales, Australia.

Locksley has recently entered into a tenement sale agreement to acquire a 100% legal and beneficial interest in the Tottenham Project. The Tottenham Project comprises three granted exploration licences (EL 6592, EL 6656 and EL 8384) located in the Cobar Girilambone district in Central New South Wales, which are considered prospective for gold and copper.

Locksley has also applied for three exploration licences (ELA 6213, ELA 6262 and ELA 6265) in the surrounding area of the Tottenham Project which, upon grant, will also form part of the Tottenham Project.

The Tottenham Project contains an impressive group of gold and copper assets, including an Exploration Target at the Carolina and Mount Royal prospects that Locksley intends to drill test with the intent of defining and reporting Mineral Resources. Intermediate and greenfield stage prospects include those which have been identified and copper mineralization has been intersected, but further exploration is required to prove continuity.

Listing date...08 July 2021 #

Company contact details .... https://www.locksleyresources.com.au/

Principal Activities .... Mineral exploration with a primary focus on identifying, exploring and developing copper and gold deposits in New South Wales, Australia.

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

Capital to be Raised .... $5,000,000
Expected offer close date .... 23 June 2021

Underwriter.... Not underwritten. Barclay Pearce Capital Pty Ltd (Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 10:50 AM


Group: Member
Posts: 9,501

Amaero to build world class Ti Powder plant in Australia


Highlights
Amaero to build a customised and proprietary titanium alloy powder manufacturing plant in Victoria, Australia
● The $8 million dollar facility is expected be the most advanced titanium alloy powder plant in the world, and is planned to be constructed and commissioned over an 18 month period
● The project will take titanium alloy bar stock inputs and convert the material into powder for 3D printing at approximately half the cost of the current global benchmark

QUOTE
Using a proprietary Amaero developed specification, the Company will construct a titanium alloy powder facility that will enable the production of aerospace grade titanium, to the highest standards at approximately half the cost of the nearest competitor. The quality and cost position will provide Amaero with a distinct advantage to secure long term off take agreements for the powders, with the facility expected to produce annual revenues of approximately $30 million when fully operational. Amaero

  Forum: By Share Code

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


Group: Member
Posts: 9,501

yes, 29M was a big IPO, and of existing assets, rather than projects and wishful thinking. But that implied the pricing parameters were known and any upside is bound to the Copper price, not exploration success and reserves upgrades.

Most of the money was made in the setting up, by those in on the deal. Still $2.00

https://stockhead.com.au/resources/the-boss...red-metal/?amp=
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 09:50 AM


Group: Member
Posts: 9,501

not MNS... I own lots of WES. and , ultimately, Li is not the only future, and not Li ion. Flow batteries, Hydrogen power, etc. Hold graphene shares as well.
  Forum: By Share Code

nipper
Posted on: Jul 8 2021, 08:38 AM


Group: Member
Posts: 9,501

there is a Sharecafe article about SoP

Sulphate of Potash: A Revolution in Farming, Food and Fertiliser

ttps://www.sharecafe.com.au/2021/07/07/sulphate-of-potash-a-revolution-in-farming-food-and-fertiliser/

and it is mainly an interview with the Trigg CEO. A very effective communicator.
But are the end users really going to pay extr for a premium product.Let's hope the share price can lift.... the rights issue at 10c is underwater, sellers keep on coming
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 06:32 PM


Group: Member
Posts: 9,501

and Milton has been trading well above $6 .... reached $6.50 a few days ago. (& SOL trading over $34).


The NTA discount has been replaced , from a few points down, on the latest 30 June number of $5.50 it is now close to 20% above. I wonder if there is a time of realisation coming, when the merger goes through, and SOL loses its premium, that the one off dividends have come and gone and the underlying assets are only worth what they are (NTA)?

Meantime, the announcement reflect an interesting divergence on Total Portfolio Return and Total Portfolio Return:
TPR combines the change in value of the NTA per share with the dividends paid in the period.
TSR combines the change in share price with the dividends paid in the period and captures the impact of any premium or discount to NTA.

....................TPR ............ TSR ...
6 mths ....... 15.46% ...... 33.69%
12 mths ..... 33.20% ....... 59.14%
3 yrs ........... 9.33% ....... 15.59%
5 yrs ........... 9.75% ....... 12.60%
10 yrs ......... 9.20% ....... 12.01%
15 yrs .......... 6.96% ........ 7.69%
Since incept.. 8.84% ........ 9.90%
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 04:59 PM


Group: Member
Posts: 9,501

today, some action ..... up nearly 20%


QUOTE
Highlights
• Major moving-loop electromagnetic (MLEM) survey has successfully identified and delineated a discrete strongly conductive body 1.8km south of the historic Nepean nickel mine
• The 5,000 to 15,000S strength of the conductor is typical of well developed massive to semimassive sulphide mineralisation
• The modelled conductor is relatively shallow at only ~ 60m below surface with a strike width of 120m, with the dip and plunge of the conductive body consistent with the orientation of the regional stratigraphy
• This high priority drill target will be tested immediately with three drillholes ranging between 150m to 250m depth
• Preparations continue on schedule for the maiden Nepean Deeps drilling programme to commence later this month
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 04:37 PM


Group: Member
Posts: 9,501

and some news ..... might mean something to some
QUOTE
Key Points:
• In silico tests confirm non immunogenic profile of OmniCAR’s key components
• Lower immunogenicity than approved humanised antibodies and comparable with human antibodies
• Positive results substantially derisk the entire OmniCAR platform and trigger next steps in development


has not moved past earlier gains
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 04:31 PM


Group: Member
Posts: 9,501

drill results in for Zemplin ....
QUOTE
silver mineralisation consists of series a of parallel structures, which is a new development, with prior interpretations assuming a single structure. Drill planning will ensure growth of the defined silver system at depth and along strike.
.... did not move the market (no trades all day)
  Forum: By Share Code

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


Group: Member
Posts: 9,501

SPP withdrawn

Supplementary released to cover the changes

Sub 10c and falling


  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 12:47 PM


Group: Member
Posts: 9,501

Fitch Solutions anticipates that tight supply will continue to drive up lithium prices, with lithium hydroxide monohydrate (56.5 per cent) forecast to reach $US17,500 ($22,593) per tonne by 2025.

The consultancy reports that demand will grow to 1.5 million tonnes of lithium carbonate equivalent (LCE) in 2030.

This is expected to lead to an influx of new lithium supply coming online to meet market appetite.

In 2020, decarbonisation rose to the forefront of government attention and has led major economies to prioritise lithium investment in an effort to strengthen their supply chain resilience for critical raw materials, Fitch Solutions states in a May report.

However, even with the 124 lithium operations identified by Fitch Solutions ... many of which are still in development ... supply is unlikely to meet demand.
QUOTE
Existing lithium producers such as Chile and Australia will also experience significant growth over our forecast period as companies seek to ramp up operations ahead of the anticipated demand surge...

This will help the production balance, but ultimately we expect the pace of new capacity to prove insufficient in meeting the pace of increasing demand, pushing the market into deficit.
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 12:24 PM


Group: Member
Posts: 9,501

BUR listed today, opening at 40c which is a nice stag for IPO money
  Forum: By Share Code

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


Group: Member
Posts: 9,501

and trading .... opened at 24c and holding
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 11:31 AM


Group: Member
Posts: 9,501

the plot is thickening
QUOTE
This morning we woke up to see that aspiring green energy mogul and Australia's richest man Andrew Twiggy Forrest's FMG Resources Pty Ltd has just pegged every single bit of land surrounding the Province Resources (ASX:PRL) proposed green hydrogen project ... and more beyond.

Look at the map (in article, below) ... we did not believe the scale when we saw it and we do not know why he is doing it...

In March, FMG Resources grabbed a few bits of land around PRL, but this land grab is many multiples of this...

We have seen all sorts of scrambles to peg ground surrounding a new valuable discovery in the past, but never to such an outrageous scale as this, with no real basis other than what to us looks like a renewable energy land grab...

The blue land is PRL: prime seaside sunny and windy land perfect for renewable energy.

The red shows all the land that Forrest's FMG Resources Pty Ltd has just pegged in recent days ....



https://www.nextsmallcap.com/australias-ric...urrounding-prl/
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 11:08 AM


Group: Member
Posts: 9,501

just poking around, as one does .... Eclipse has got to be the most eclectic hopeful out there.

Four projects planned; the emphasis has moved to Greenland
Ngalia Basin, NT
▪ Negotiations with Traditional Owners (first Q 2021)
▪ Vanadium and uranium drilling expected to commence (late 2021)

Liverpool, NT ..... uranium, vanadium, gold and palladium potential
▪ Ground geophysical surveys

Mary Valley, QLD .... manganese
▪ Bulk sampling planned

Ivittuut, Greenland ... having a look at the cryolite mine, worked for 120 years and exhausted in 1987. Ivittuut has potential for a large, highly profitable industrial mineral /REE operation, with early processing of tailings and low grade stockpiles for cryolite, fluorite and REE
▪ Resource upgrade
▪ Mining licence application
▪ Environmental assessment and pit water testing and dewatering design
▪ PFS targeted for 2021/22
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 10:18 AM


Group: Member
Posts: 9,501

not research, but a poster called beaches dropped this in, elsewhere
QUOTE
VMS is about to start shipping DSO Iron Ore out of their Riley mine in Tasmania. First shipment is likely to go out at the end of July with a 2 year mine life .

The ore is DSO at surface with no stripping required. I think from memory the 2019 DFS had a cash cost of US$60 FOB. So if you assumed an AISC cost of US$90t and an average sell price of $US180t gives you US$90 for every tonne. The planned production rate is to ship 200,00t a quarter for a profit of US$18mil or (AUS$23mil), which should get them $50mil in the bank by the end of the year.

Market Cap is currently $195mil at 14.5c a share. Just guessing, I would say around 12c of that price is covered by the Iron Ore they are about to start shipping and not much currently being attributed to their other holdings
.
... and now 13c.


And others have commented on the Thor <look alike> 20km long magnetic anomaly, that CHN has looked at, as part of the buy in. Plus there is a mention to check out VMC (Venus Metals) for its 100% holding of the 2.5km north eastern tip of Thor.
Caveat Emptor
  Forum: By Share Code

nipper
Posted on: Jul 7 2021, 08:47 AM


Group: Member
Posts: 9,501

another day on the oil market
QUOTE
The OPEC+ crisis sent oil prices lurching as the cartel left the market wondering whether supply will rise or fall.

Crude jumped briefly to the highest in more than six years in New York after a bitter fight between Saudi Arabia and the United Arab Emirates blocked a production increase.

Within hours, the rally had turned into a rout as traders speculated that the breakdown of talks could ultimately result in higher oil supplies. In particular, there was evidence that US shale producers, the nemesis of OPEC+, had taken advantage of the initial rally to lock in the price of their future output, according to bankers and oil executives.
swing producers !!
  Forum: Macro Factors

nipper
Posted on: Jul 6 2021, 07:09 PM


Group: Member
Posts: 9,501

The Maalinao Caigutan Biyog (MCB Project) is Celsius Resources world class copper gold project situated in the Philippines on the main island of Luzon, about 320 km north of Manila.

The MCB Project, which is held by CLA's Philippine subsidiary, Makilala Mining Company, Inc., contains a JORC Mineral Resource estimate comprising 313.8Mt @ 0.48% copper, and 0.15g/t gold, at a cut off grade of 0.2% copper.

...-.--.-.-..----.-..-.-....-.-.----.-...

Celsius Resources has a 95% interest in the highly prospective Opuwo Cobalt Project in northern Namibia. The project is large scale and located in a mining friendly, politically stable and safe location with excellent infrastructure.

Opuwo contains a JORC Mineral Resource estimate comprising 112.4 Mt at 0.11% Co, 0.41% Cu and 0.43% Zn

----..-..-.--..-.-.....-.-.-.-.....----....-


Celsius Resources holds three mining interests in Australia

CLA has a 100% interest in the Cullarin West and Yass Gold projects located in the highly prospective Lachlan Ford Belt region of New South Wales. Multiple targets identified from desktop review of publicly available geological and geophysical information: 7 targets at Cullarin West and 10 targets at Yass.

The Abednegno Hill Project comprises tenements E39/1641 and E39/1684 which are located in the Eastern Goldfields region of Western Australia. The tenements are located to the south and west of Minara Resources' Murrin Murrin nickel mine and adjacent to the NiWest nickel deposit currently under development by GME Resources Ltd. They are believed to have potential for both nickel laterite and nickel sulphide mineralisation.
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 06:32 PM


Group: Member
Posts: 9,501

Celsius Resources Limited (CLA) is an Australian company involved in mineral exploration and mineral extraction, witha portfolio of copper / gold assets in the Philippines
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 06:24 PM


Group: Member
Posts: 9,501

from Celcius Coal, (CLA) name changed to Celsius Resources Limited ..... 20/12/2016

  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 03:16 PM


Group: Member
Posts: 9,501

doing slightly better today, and up to 17c

IPO raised $5,115,200 (was targeting $7.5M)

LDR makes the case the New England Fold Belt had as interesting and prolific a history of success as the Lachlan FB, but is now under explored and under drilled for gold, silver and copper


a. Three projects drill ready
b. Targeting gold, silver and copper mineralisation
c. Brownfield status defined by historical mining and significant surface work
d. Under drilled and/or open ended mineralisation
e. Drilling commences 3Q21

Prospective Projects
1. Uralla Gold ...... Intrusive Related Gold System (IRGS) constituting a significant gold field ... drill ready
2. Webbs Consol Silver ... High grade silver bearing lodes, 3 attractive targets ... drill ready
3. Trough Gully (Fender) .... VMS style copper deposit ... drill ready
4. Elsinore ........ Large regional magnetic and IP anomaly with anomalous base/precious metals in geochemical sampling
5. Thor ........... Large gold anomaly potentially associated with high level intrusions or major regional fault structures
6. Tea Tree ..... Underexplored goldfield

  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 12:38 PM


Group: Member
Posts: 9,501

FTZ was 5c at start of June and 25c yesterday.
So what do you get? a trading halt to raise capital
QUOTE
Fertoz is looking to raise $5 million to accelerate the development of its low emission, organic rock phosphate product. Fertoz claims that its fertiliser increases crop yields by 15 per cent, while also improving the sequestration rate of carbon dioxide.

The business, which has a market capitalisation of less than $50 million, was being paraded by JP Equity Partners on Tuesday.

Priced at 15˘ per share, the offer comes at a 40 per cent discount to its last trading price of 25˘ and a slight 0.6 per cent discount to its 15 day volume-weighted average price.

As well as speeding up development, the company will use the funds from the capital raise to hire more carbon credit specialists to its local operations, expand its sales team in North America and bolster its working capital reserves by $2.64 million.
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 12:00 PM


Group: Member
Posts: 9,501

and MMG listing today. Opening at 27c up from IPO of 20c a share
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 11:48 AM


Group: Member
Posts: 9,501

BUTN Limited (BTN) has raised $20million at 50c a share and listed on the ASX, opening at 55c and now trading around 52c.

Describing itself as BNPL for business, Butn states it is reinventing the way cashflow works in business with simple, secure and instant finance solutions for every business need.

Listing date... 06 July 2021 11:30AM AEST ##

Contact details .... https://butn.co/

Principal Activities ... The Butn fintech solution provides an end to end transaction financing solution that integrates with existing marketplaces and third party platforms to offer financing for business to business transactions. It enables an efficient customer establishment process, fast tracking and automating the numerous steps for credit approval.

Issue Price ... $0.50
Issue Type ... Ordinary Fully Paid Shares
Security code ... BTN

Capital to be Raised ... $20,000,000
Expected offer close date ... 09 June 2021

Underwriter... Fully underwritten. Canaccord Genuity (Australia) Limited. (Underwriter and Lead manager)
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 11:40 AM


Group: Member
Posts: 9,501

Brighton Mining (BTN) delisted from the close of trading on Monday 28 August 2017 pursuant to Listing Rule 17.15.


Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here.
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 11:36 AM


Group: Member
Posts: 9,501

WA focused explorer, Emu NL has identified two new high grade gold shoots at the Gnows Nest gold project, together with a new gold zone at the adjoining Monte Cristo prospect from recent drilling near Yalgoo in the Murchison. Drilling to followup

QUOTE
In September 2020, following an extensive project generation phase and due diligence, EMU acquired Gnows Nest, a near production gold project which includes the historic high grade Gnows Nest Gold Mine, near Yalgoo in the Murchison Region of Western Australia. The project is situated 27 kms north west of the Scuttles Golden Grove mine, a base metals and gold project that has been operating for 30 years.

Emu also acquired 3 exploration projects in Southwest Western Australia. The package of projects which include Sunfire, Viper and Graceland have a strong history of lead up exploration or historical mine workings and are highly prospective for Copper, Nickel, PGE’s and Gold.
shares are trading higher, but from a low base
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 11:31 AM


Group: Member
Posts: 9,501

More high grade copper intersections at the Constellation deposit announced today, pushing the AIS share price up to 19.5c.

Decent grades and nice wide intersections at shallow depth. An additional 45 diamond drill holes are planned for an in fill resource definition drill program on the upper section of the deposit.
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 11:29 AM


Group: Member
Posts: 9,501

and 49c today, before slowing down a bit. Dem ol profit takers !
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 11:25 AM


Group: Member
Posts: 9,501

Production has started at Nechalacho, and VML has become the first Canadian producer of rare earths.

There is a political appetite for critical minerals that are not from China.
https://www.canada.ca/en/northern-e...devel...erritories.html

Confirmation that the VML project is being watched closely by government and if successful will likely play a fundamental role in the Canadian (and hopefully by extension the US) green industries.
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 11:22 AM


Group: Member
Posts: 9,501

sailed through $3
  Forum: By Share Code

nipper
Posted on: Jul 6 2021, 09:13 AM


Group: Member
Posts: 9,501

another MoU ... ...covering the development of a lime project for lime production, with CO2 capture and multi fuel options, with Tarmac (https://tarmac.com/ ), the UK’s leading sustainable building materials and construction solutions business.

Tarmac is the UK’s leading sustainable building materials and construction solutions business, and a participant in the LEILAC 1 Project with Calix
o

  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 10:11 PM


Group: Member
Posts: 9,501

and, two years later, the thirst for capital, to get the project up and running.


Seafarms is seeking to raise A$90 million (with the right to accept oversubscriptions) by way of a placement to institutional and sophisticated investors through a two tranche placement at 5.5 cents per share with a free unlisted 3 for 5, three year option exercisable at 9.75 cps.

. .. Funds sought to immediately commence construction of Seafarms Project Sea Dragon Stage 1a development program in northern Australia to drive towards first PSD prawn harvest by the third quarter of 2023. Eligible shareholders can participate in the capital raising via a share purchase plan to raise an additional A$15 million (with the right to accept oversubscriptions) at 5.5 cps also with a free unlisted 3 for 5, three year option exercisable at 9.75 cps ---.-...-.-.-.-.-..-..-.-.-...-...-..-.-..-.-...---.--.-..-.-


The SP is at a low for the year, as the market digests the size of this raise (and the risks involved)
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 09:39 PM


Group: Member
Posts: 9,501

as mentioned elsewhere, RHI Magnesita is a major player, 2.2 Billion in annual revenue and 14000 employees.

https://www.rhimagnesita.com/

https://youtu.be/QGoZXLHM-nQ

CXL closed at $2.77
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 09:37 PM


Group: Member
Posts: 9,501

still around .... M/C around $60M
doing a Hidden Gems webinar
https://us02web.zoom.us/webinar/register/54...jRW-mfxAu0udu3Q
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 09:18 PM


Group: Member
Posts: 9,501

There are a lot of these stories appearing.... do they have merit? There is money to be made if you get it right!


Oil Up, Woodside Flat, Opportunity Knocks
The fundamental value of a Resource company can be assessed essentially by two things ; the commodity price and everything else ..... like production, costs and discount rates.
As company production plans and costs position change relatively slowly, it is the more volatile commodity price that generally sets the shorter term share price movement. .
...

https://www.sharecafe.com.au/2021/07/01/oil...rtunity-knocks/

--...--.-....-..---.-.-....-.---.-..-.-.-.--.

Energy stocks disconnect gets 'crazy'
The share prices of Australia's major oil and gas producers remain stubbornly subdued despite bullish commodity prices, leading to concerns that the sector is being unreasonably discounted on ESG grounds that have rocketed up the agenda for investors since the onset of COVID 19.

Despite Brent oil prices now back above $US76 a barrel and LNG spot prices in Asia at the highest for this time of year since 2013, the market values of companies such as Woodside Petroleum and Oil Search remain well below pre pandemic levels, in contrast to many European and US peers..
...


https://www.afr.com/companies/energy/energy...20210702-p5868z


--...-.-.-...-.----.-....-.--.-.-....-..-..-.-.-.-.-.-..-..-

And from Antipodes Partners

We discussed inflation at length in a recent podcast episode, but if you had any doubt about the reality of inflation today, take a look at the staggering rise in the price of oil. It was March last year when the oil price crashed to US$20 a barrel and oil futures contracts turned negative for the first time in history. Today, oil is back trading near 3 year highs at around US$80 a barrel.

This is a result of excitement around reopening and more disciplined supply. On a longer term view, even with trends towards decarbonisation, we think the oil price can find a base at around US$50 to US$55 a barrel. ESG concerns will ration capital expenditure from oil majors, while demand will continue to be supported by non OECD countries for some time....
  Forum: Macro Factors

nipper
Posted on: Jul 5 2021, 09:07 PM


Group: Member
Posts: 9,501

Day Two and volume completely disappeared, and down to $6.00

(well worth avoiding?)
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 07:47 PM


Group: Member
Posts: 9,501

BCAL Diagnostics Ltd (BDX) was established in 2010 as looking to list on the ASX in July 2021. BCAL Diagnostics aims to shift the paradigm in breast cancer screening and diagnosis by introducing a blood test for detection of the disease.

BCAL is developing a non invasive laboratory blood test for the detection of breast cancer. The core BCAL technology has evolved from extensive research and investment over approximately ten years by independent groups based in the USA and Australia.

Researchers from the University of Louisville Research Foundation, Inc (ULRF) were able to show that breast cancer patient samples contain significantly different lipid profiles from those of both healthy volunteers and lung cancer patients; using a defined methodology. In 2011 ULRF filed a patent application using this data. Working independently in Sydney, BCAL's science team observed a similar trend in their own research, and as a result the Company decided in 2013 to license the technology the subject of a patent application from ULRF.

While BCAL's first objective is to secure TGA approval for use of a test based on this information used alongside mammography, the Company's data and clinical trials are designed to facilitate sequential market entry points. The purpose of the Company has been, since inception, to achieve a sequential series of claims or uses for its test as follows, each of which depends on confirmatory data from successful clinical trials of BCAL's technology, as:

(1) a screening test for breast cancer alongside mammography;
(2) a monitoring tool for breast cancer patients who have been given the all clear following treatment; and
(3) monitoring and screening for women who have the BRCA gene mutation, or are otherwise at high risk of developing breast cancer.

Ultimately, the clinical data and clinical trials will be utilised and assessed for their clinical utility by leading global key opinion leaders in the breast cancer diagnostic and treatment field. Successive regulatory approvals and marketing of the BCAL test for a widening range of indications will move BCAL towards its end goal of introducing a breast cancer screening blood test for every woman, everywhere.

Listing date... 16 July 2021 #

Contact details .... https://www.bcaldiagnostics.com/
Principal Activities... BCAL Diagnostics Limited is a biotechnology company developing a blood based diagnostic test for breast cancer.

Issue Price... $0.25
Issue Type... Ordinary Fully Paid Shares
Security code... BDX
Capital to be Raised... $8,000,000

Expected offer close date.... 02 Jul 2021
Underwriter.... Not underwritten. PAC Partner Securities Pty Ltd (Lead Manager)
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 07:36 PM


Group: Member
Posts: 9,501

listed at 17c today and that was about it. closed 16.5c
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 06:59 PM


Group: Member
Posts: 9,501

listed today ...


Opened at $1.50 and steadily down, to close at lows of $1.31, still above the $1.25 IPO price
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 06:24 PM


Group: Member
Posts: 9,501

WTL will acquire all of the issued capital of national financial advisory dealer group, Sentry Group Pty Limited, for an initial purchase price of $7 million; 50% in cash and 50% in the form of WTL shares.

The cash consideration payable on completion of the acquisition is being funded through the placement of new Shares to investors identified by the Company at an issue price of $0.075 per Share, representing a 25% premium to the closing price of WTL on 9 June 2021. The Company is raising a further $1.5M in cash to fund acquisition and integration costs, bringing total cash to be raised under the Placement to $5M. The Company has received firm bids for 25% greater than the available Placement total. It has closed the bookbuild to further bids and is yet to finalise the allocation.
  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 04:42 PM


Group: Member
Posts: 9,501

and something close to here
QUOTE
In furtherance of this strategy the Company has sold its remaining 50% stake in B2C-focussed digital publisher Sharecafé Pty Ltd (formerly Spring FG Digital Pty Ltd) to it JV partner Informed Investor Pty Ltd for $225,000. The sale price is equal to the Company’s carrying value of the investment. The Company will continue to provide certain support services to Sharecafé on a commercial arms-length basis and will further retain advertising rights on the Sharecafé website for a term of at least 18 months

  Forum: By Share Code

nipper
Posted on: Jul 5 2021, 04:29 PM


Group: Member
Posts: 9,501

when it first set up, in 2015
QUOTE
Spring FG Limited is a diversified financial services company with products and services encompassing financial planning and investment advice; wealth creation and wealth management solutions; insurance and superannuation; finance; and tax & accounting. Its advice and product offerings are broad and include a specialisation in the high growth markets of self-managed superannuation funds (SMSFs); and direct and SMSF residential real estate investment.

On 19 November 2019, Spring FG Limited (SFL) changed its name and ASX code to WT Financial Group Limited (WTL).


Market Cap $11 million... Just turned Earnings positive again, last year after a couple of shakeout years.

.... and I see WT Financial Group (WTL) is having a webinar this Friday ... in Hidden Gems
  Forum: By Share Code

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


Group: Member
Posts: 9,501

CHM has been in the high 20s to low 30s for the last six months. Some recent appointments seem to have created interest
QUOTE
The new director announced today was with Celgene from startup days and Celgene was bought out by Bristol Myer Squibb for US $74B in 2019. Working in the same field of endeavour. There was also a prior appointment of a senior technician who spent 15 years with Cellgene.
  Forum: By Share Code

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