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Andrew Hobbs

Sunset makes shining debut on ASX

Perth-based Sunset Energy Ltd has performed strongly in its debut on the Australian Securities Exchange, closing at 28.5 cents, up 42.5 per cent from its offer price.

WA's October vehicle sales overtaken by all but Tasmania, NT

Motor vehicle sales in Western Australia continued to wane in October after a strong start to the year, despite the state still leading the way with a year-to-date growth figure of 10.5 per cent.

Anvil shares down as Congo review delivered

The share price of West Perth-based Anvil Mining Ltd closed down 11.3 per cent as a review by the government of the Democratic Republic of Congo into the nation's 61 mining contracts is due to be handed to the country's mines minister today.

UK's Rheochem to raise $35m in ASX IPO

UK-based Rheochem plc aims to raise $35 million through its initial public offer on the Australian Securities Exchange to expand its oilfield services business, the company has announced.

Total Staffing Solutions seeks $7m in IPO

Booragoon-based labour hire firm Total Staffing Solutions Ltd has announced plans to raise $7 million through its initial public offer, with funds raised used for the acquisition of a 51 per cent stake in recruitment company Mining People International.

Round 3: An eye on the clock in View from the Arch

This week the Treasurer and Ministers for Trade, Health and Aged Care faced their opposite numbers in debates. Meanwhile, the final preference deals were made and Mersey Hospital re-opened as the PM and Opposition Leader attended another soldier's funeral

Bellamel up 100% in ASX debut

West Perth-based gold explorer Bellamel Mining Ltd has debuted strongly on the Australian Securities Exchange, doubling its issue price to close at 40 cents.

WA's Asia Res 168 in exploration deal with UK's Carnegie

West Perth-based private company Asia Resources 168 Ltd has signed a farm-in deal with Carnegie Minerals Plc, which will see the UK-based company fund a nickel and iron exploration program on Asia Resources' tenements on Indonesia's Obi Island.

Qatar Steel takes Sphere project stake for $409m

Funding problems surrounding West Perth-based Sphere Investments Ltd's Guelb el Aouj iron ore project in Mauritania have been resolved, with one party to a joint venture planning to take a 49.9 per cent stake deciding to go it alone.

EFTel launches VDSL2 while iiNet flags Naked debut

Perth-based internet providers EFTel Ltd and iiNet Ltd today announced plans to launch innovative broadband services, designed to help them take market share from the incumbents, led by Telstra.

WA companies raising over $250m

It's been a bumper day for capital raisings on the Australian Securities Exchange, with six Western Australian mining and mineral services companies in the midst of raising $250 million in additional funding.

Midwinter outshines Apollo, Atticus in ASX debuts

In a week where three Western Australian resources companies made their debuts on the Australian Securities Exchange, Leederville-based gold explorer Midwinter Resources NL has come out on top - up 72 per cent on its offer price.

ConsMin mystery shareholders tracked to Cyprus

The mystery holder of 17.7 per cent of West Perth-based takeover target Consolidated Minerals Ltd has been tracked to Cyprus, via Ukraine and the Czech Republic, the company has announced.

Spitfire plans $4m IPO for managnese exploration

Subiaco-based manganese explorer Spitfire Resources Ltd will today open its initial public offer, aiming to raise $4 million for exploration and working capital.

Round 2: Rating their interest in View from the Arch

This week, as Prime Minister John Howard incurred the wrath of dog-walkers and Opposition Leader Kevin Rudd was ticked off by angry choristers, the economy remained the number one issue as the consumer price index was released.

Buxton, GBM Resources make steady debuts

Western Australian metals explorers Buxton Resources Ltd, of West Perth, and Nedlands-based GBM Resources Ltd traded steady after their debuts on the Australian Securities Exchange.

Sundance attracts Wedlock, Stewart home at Grange

The recently-retired managing director of iron ore hopeful Grange Resources Ltd, Geoff Wedlock, has been appointed to the board of Sundance Resources Ltd as a non-executive director, the company has announced.

Network Card raises $460K in rights issue

West Perth-based Network Card Ltd has closed its non renounceable rights issue fully subscribed, raising $460,000 to help it expand its Business to Business and Business to Consumer clientele.

Strike Oil finalises $10m capital raising

Perth-based oil and gas explorer Strike Oil Ltd has issued 16.9 million shares to shareholders through an entitlements issue, alloting the shortfall of the $10 million capital raising.

Jabiru, Lion Selection take stakes in Tectonic for $3m

Shares in Burswood-based gold and nickel explorer Tectonic Resources NL have risen 16 per cent after raising around $3 million through scrip issues to Melbourne-based Lion Selection Ltd and West Perth-based Jabiru Metals Ltd.

Satterley backs C'wlth land sales, tax deductible interest

Selling commonwealth land to property developers and using the funds to make housing interest payments tax deductible would be a good political decision for an incoming government, according to Satterley Property Group chief executive Nigel Satterley.

Nappy innovator SeNevens plans $2.2m IPO

The company behind the Safeties Nature Nappy, Ascot-based SeNevens International Ltd, has announced plans to raise $2.2 million in an initial public offer to help fund future product development, marketing, purchase of equipment and working capital.

Bauxite Resources steady in ASX debut

East Perth-based bauxite explorer Bauxite Resources Ltd has remained steady in its debut on the Australian Securities Exchange, closing up 0.5 cents after raising $7.5 million in its initial public offer.

Macquarie Harbour opens $4m IPO

Tasmania-focused metals miner Macquarie Harbour Mining Ltd has announced plans to raise a minimum of $4 million through its initial public offer to commence a drilling program across its portfolio.

Round 1: The certainties of life in View from the Arch

Benjamin Franklin said there were only two certainties in life, death and taxes. Both were on the political agenda in the first week of the six-week federal election campaign, with the leaders of both major political parties in campaign mode.

Empired up 6% in ASX debut

Shares in Perth-based IT services company Empired Ltd rose two cents in the company's debut on the Australian Securities Exchange, closing at 32 cents.

Actinogen down 38% after yesterday's ASX debut

The share price of Perth-based biotech firm Actinogen Ltd has fallen again in the company's second day of trade on the Australian Securities Exchange, closing today at 31 cents, down 19 cents from its offer price.

Oz Brewing opens Mad Monk brewery in Fremantle

The flagship venue of West Perth-based microbrewer Oz Brewing Ltd, Mad Monk Fremantle, has commenced trading, the company has announced.

Greater Bunbury Scheme approved

The State Government has approved the Greater Bunbury Regional Scheme, providing a plan for land use in the area, after a long process including consultation with the local governments of Bunbury, Capel, Harvey and Dardanup.

Metcash sells remaining Action stores in WA

Supermarket warehouse supply chain business Metcash Ltd has sold the remaining 12 of its former Action supermarkets in Western Australia for between $40 million and $45 million, the company has announced.

How black was my armband? - View from the Arch

As the ALP's Robert McClelland had his black armband torn off and the Prime Minister prepared to sport a grey one, WA's CCC euthanised some careers, rail lines were in a coma and voters still don't know how long they have left.

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