Australian Securities Exchange-bound wine producer Palandri Ltd has reported a 2006-07 net profit of $2.2 million, with the bulk of its revenue generated from managed investment scheme fees and asset revaluations.
Their clients have been enjoying the share market spoils for a few years now, but Alan and Kylie Brierty's decision to float the mining and civil contracting business they founded 26 years ago happened more by chance.
Iron ore miner Midwest Corporation Ltd has been granted a last minute extension by the minister for planning and infrastructure Alannah MacTiernan to continue trucking its ore to the Geraldton port until December 31.
Iron ore producer Midwest Corporation is staring down the barrel of $3.3 million in lost earnings if it fails to secure an extension for road haulage of its ore from the State Government, with its current extension expiring today.
Another long-established mining services player is taking the leap on to the Australian stock market, with Southern Cross Electrical Engineering Ltd embarking on a $58.8 million capital raising next week.