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Matt Birney

Matt Birney is the author and a Director of Bulls N Bears which is a joint venture between Business News and Birney Corporate Communications. Bulls N Bears is an ASX release distribution platform that "turbo charges" the reach of public company announcements by utilizing the significant resources and public following of Business News. Bulls N Bears delivers information driven by public company announcements to the tens of thousands of Business News subscribers, distributes it on Twitter to targeted financial markets participants and sends it to its 1000 strong database of financial journalists at every significant media outlet across Australia. Bulls N Bears also records and distributes radio interviews with public company CEO's for the purposes of thoroughly exploring the ramifications of a company announcement before uploading the link to each interview to its unique web portal that sits inside the Business News website. 

Email : matt@birneycorporate.com.au

Tel : 0419217090

Sky and Space Global pass major milestone in bid to build affordable satellite telecoms network

Sky and Space Global have passed a major milestone in their quest to catapult three miniature satellites, known as “nano-satellite’s” into space. European aerospace company GomSpace, who are contracted to manufacture the company's first three nano-satellites, recently announced that the Preliminary Design Review for the first three nano-satellites was complete.

Legend kicks off drilling after narrowing on conductors at Fraser Range

Avid market followers will no doubt look to punt Legend Mining’s stock today at around .008c/.009c a share after the company announced they were commencing a 1050m drilling campaign to identify the source of three conductors at the Fraser Range. The ground is just 120km from Sirius Resources goliath Nova Bollinger nickel find and it is on a simular gravity tenor ridge.

New York Investment Bank to underwrite Pharmaust cap raise

Anti-Cancer drug hopeful Pharmaust will be fully funded to enter into Phase 2 human trials after well established New York investment bank Joseph Gunnar and Co agreed to underwrite the company’s next capital raise which will be done in the USA. Phase 2 trials are expected to start in a couple of months after their anti-Cancer drug is reformulated to make it more palatable.

Neometals banks another $20m to create $80m Lithium war chest

Neometals have amassed an $80m war chest after banking another $19.65m paid by Mineral Resources, their partner in the Mt Marion Lithium project near Coolgardie in W.A.  The company has also formed a second 70:30 partnership with Mineral Resources for the purposes of creating the first Lithium downstream processing project in WA utilizing their proprietory process. 

Sky and Space Global locks down space launch contract for nano-satellites

ASX listed Sky and Space Global have wasted no time in achieving their first major milestone since being backdoor listed into Burleson Energy by Perth connections. In a sign that it is all systems go at Sky and Space Global, the company has now locked down a launch contract with a major European launch broker to catapult its first three “nano-satellites into space.

Analytica medical device makes approved list for sale to QLD Health

ASX listed Analytica’s unique medical device, known as the “AutoStart” burette, has now made the official approved list with QLD Health. Burette’s are disposed of approximately every 24 hours when a new one is inserted into an IV drip line making them a major consumable item in the health industry. Analytica are looking to secure a licensing deal with a major distributor.

Stargroup bolts $1m to bottom line in 3rd corporate play in 10 months

Financial technologies company and ATM machine operator Stargroup will start to hit the radars of dividend seekers after their latest acquisition which will take the company’s estimated EBITDA from around $3.3m to $4.3m just 10 months after its back door listing. With a swag of tax losses from the original shell, Stargroup now looks set to start spitting out cash.

Sipa hits pay dirt in Uganda with 10m @ 1% Nickel

Sipa Resources systematic approach to their Akelikongo nickel-copper prospect in Uganda appears to be paying off with the discovery of a very encouraging 10m intersection grading 1% Nickel and another 4m intersection grading 1.8% Copper. With Cobalt fetching up to 3 times the price of Nickel, the company was also encouraged to see reasonable Cobalt numbers in the results.

Chinese increase Lithium off take contract at Mt Marion by 250%

Insatiable demand for Lithium in China has seen Neometals off take partner at the Mt Marion project in Coolgardie increase their contracted take or pay commitment for lower grade Lithium by 250%. Chinese company Ganfeng Lithium previously committed to take or pay for 100% of the 6% LIthium product and has now also commited to taking 200 000 tonnes a year of the 4%-6% product. 

Terrain to upgrade Scoping Study to pre-feasibility quality

Mid way through their Great Western project Scoping Study, Terrain Minerals have made the call to upgrade their project analysis to pre-feasibility quality. The current resource at Great Western, which is still open down plunge and along strike, sits at 322,500 tonnes @ 5.14 grams per tonne gold. The company is designing a 700m drill program to upgrade the resource to Indicated status. 

Perth Nano-Satellite company delivers 45% profit after backdoor listing

The Perth led backdoor listing of Israeli company Sky and Space Global into ASX listed shell Burleson Energy has delivered its backers a 45% profit on day one after it relisted on the ASX yesterday. The architects of the deal, led by Perth Corporate finance player Brett Mitchell, delivered their investors a 45% profit after the stock touched 2.9c yesterday with around 100m shares traded. 

Shark Mitigation Systems to strut world stage as Taj Burrow signs on

Recently listed Perth shark deterrent and detection company Shark Mitigation Systems is now officially punching above its weight as an ASX junior after world surfing legend Taj Burrow agreed to lend his name to the brand as its world wide Ambassador. Burrow will draw global attention to the company's unique, scientifically inspired wetsuits and other products designed to deter shark attacks. 

Euroz tips Neometals to jump by 23%

Having successfully tipped Neometals share price to jump on three previous occasions, Euroz has again tipped the soon to be Lithium miner’s share price to move north, this time by 23%. Euroz say their most recent analysis of the Mt Marion Lithium mine near Coolgardie, which is 26.9% owned by Neometals, shows the company’s share price should be more like 53c instead of 43c.

MGC Pharma to enter Canadian market with cannabis cosmetics

The dominos are starting to fall for ASX listed Medical Cannabis upstart MGC Pharma, with its third regulatory approval in 3 months being granted. The company will now have the right to market its unique medical cannabis based cosmetic line known as “MGC Derma” into the $1.9b a year Canadian market after the Canadian regulatory authority, Health Canada approved the product.

Hammer ready to test multiple drill targets at exciting QLD prospects

ASX listed explorer Hammer Metals is in the final planning stages of executing multiple drilling programs across a host of exciting targets within its Mt Isa Copper/Gold/Cobalt project. Importantly it will follow up an impressive historic Copper/Gold/Cobalt hit on its Millennium leases that is the equivalent of a 19m intersection grading 4% Copper. 

MGC Pharma breaks into $11b US skin care market with Cannabis line

MGC Pharma have broken into the $11b American skin care market after achieving US Food and Drug Administration approval for their “MGC Derma” cosmetics line manufactured from medical cannabis. They recently secured the notoriously hard to get FDA approval giving them the right to market their products into all US states and they have already secured a 1.2m Euro order. 

Drake completes leap from mining to tech

West Perth based explorer Drake Resources is now about to officially become a technology company after completing extensive due diligence on Israeli based cyber security firm Genome Technology Ltd. Both Drake and Genome have completed their respective due diligence programs and a reverse takeover of Genome by Drake will now occur.

Market eagerly awaits Sipa results as 10 of 12 holes hit mineralization in Uganda

Sipa Resources’ share price jumped 20% last week on the back of what looks to be a successful drilling campaign at the Akelikongo nickel/copper Project in Uganda. The market is eagerly awaiting the results of the latest drilling campaign after the company announced last week they had hit significant mineralization in 10 out of 12 holes with all results currently pending.

Neometals strikes more Lithium on the eve of production

With only months to go before making the leap into production, Neometals have discovered a new highly mineralized zone at their celebrated Mt Marion Lithium project in W.A. Grades are all above the project average of 1.39% Li2O and include a 186m intersection grading 1.82% Li2O from 95m, 139m grading 1.69% Li2O from 116m and 92m @ 1.54% Li2O from just 54m down. 

Red Mountain Gold JV ready to ramp up

Red Mountain Mining will now significantly ramp up their Batangas Gold project in the Philippines following the formalising of their joint venture agreement this week with UK based Bluebird Merchant Ventures. Red Mountain management negotiated a sublime deal with Bluebird that values the Batangas project at 3 times the entire company's market cap. 

Shark detection Sonar goes commercial after trial

Shark Mitigation Systems have announced the achievement of their first major milestone after only listing on the ASX last week. The company says that its “Clever Buoy” shark detection sonar is now ready for commercialization after successfully completing a trial at the iconic Bondi beach and receiving endorsement from  the Australian Professional Ocean Lifeguard Association. 

Blackham buys $100m worth of in-situ gold tailings for $1.5m

Blackham Resources have been furiously bolstering their gold resources at the Matilda Gold project in Wiluna on the eve of production which now looks imminent following the granting of a number of key approvals. In an extraordinarily good deal Blackham just paid $1.5m for a calcine tailings stockpile that has around $100m worth of gold in it - and Jorc compliant too. 

Market bites as Shark tech company jumps 30% on listing

There’s an old saying that everyone’s a genius with the benefit of hindsight. Looking back now it doesn’t seem that hard to understand why new Shark deterrent and detection company Shark Mitigation Systems jumped 30% above its listing price last week following on from its admission to the ASX on Thursday. The company's share price touched 26c last week after listing at 20c.

Alterra on the hunt for land for new style dairy system in WA

ASX listed Alterra are on the hunt for dairy land in WA suitable for a new style of dairy farming known as System 5. System 5 works on the theory that if cows are made comfortable and not exposed to extreme heat and cold and not made to walk many kilometres a day to be milked or get feed, then they will produce up to 50% more milk.

MGC Pharma approved to sell cannabis cosmetics

The European Commission’s Cosmetic Products Notification Portal has approved ASX listed MGC Pharma’s unique cannabis based skin care and cosmetic line to be sold in Europe. The approval marks a major milestone in the company’s strategy to distribute its MGC Derma Cannabidiol based cosmetic products throughout Europe via its partner network and online portal. 

Terrain uncovers exciting historical drill results at Wilsons Patch

Gold explorer Terrain Minerals has unearthed some exciting historic drilling results at Wilson’s Patch, about 3km from its Great Western Project just out of Leonora. The best results were 5m @ 4.2 g/t  gold from just 10m deep,  8m @ 3.89 g/t,  3m @ 6.56 g/t from just 22m, 7m @ 9.69 g/t which included a 1m intersection grading an impressive 33.6 g/t gold. 

Blackham hedges $34m worth of gold

With only months to go before leaping into production in Wiluna, Blackham Resources have moved to de-risk the start up phase of the project by forward selling 20 000 ounces of gold at AUD$1701 an ounce.The company has a “Put” option over another 20 000 ounces that will allow them to sell gold at AUD$1575 even if the spot price drops below that figure.

Broker research tips Stargroup to double

Research house Pac Partners have tipped ATM player Stargroup's shares to reach 8.1c in the next 12 months, more than double their current price of 3.8c per share. Pac have undertaken an analysis of the company’s predicted forward earnings after tax and discounted them back to get a net present value of $33.4m worth of free cash likely to be generated.

Troy negotiates excellent deal to restructure debt

Troy Resources have re-negotiated a debt deal with an excellent outcome that will free up cash to further develop their Karouni Gold Mine resource in South America. Karouni re-wrote the playbook when Troy managed to take the project from vacant land to producing gold bars in just 2.5 years having built the $130m mine in 9 months. it now produces gold at an amazing USD$412 an ounce. 

Sipa hits 11m nickel/copper mineralised zone in Uganda

Accomplished base metals explorer Sipa Resources has experienced a breakthrough in their exploration activities at the Akelikongo project in Uganda. The company recently reported the discovery of an 11 meter mineralized zone that intersected matrix to semi-massive sulphides, potentially opening up a new high grade nickel/copper target area.

MGC Pharma swamped in Cannabis capital raise

You might be forgiven for thinking commodities such as gold and Lithium are hot right now but MGC Pharma were literally knocked over in the rush during their recent medical cannabis capital raising. They went to market for just $3.5m at 4.4c a share but received $11m worth of bids into their book which was managed by Sanlam Private Wealth Pty Ltd.

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King River set to power the world with amazing vanadium resource

High purity vanadium is being tipped for greatness as a revolutionary force in battery storage of renewable energy. Perth’s King River Copper may well have the largest and highest purity in-ground resource in the world in W.A. Last week the company proved it could produce the holy grail of purity levels at 99.5%, placing it amongst elite company around the world.

88 Energy rubbing shoulders with oil majors in Alaska

A Perth based ASX listed junior has quietly been sweeping up big swathes of lucrative acreage in Alaska’s hottest oil province known as the North Slope with the truth diviner in the form of a drill rig about to be put to the test in coming months. 88 Energy will soon drill a well targeting up to 400 million barrels at its Western Blocks project in the region.

Pilbara begins work on 5Mtpa expansion

With Stage 1 of the giant Pilgangoora Lithium mine racing ahead, Pilbara Minerals has stepped up work on expansion plans that could make the project the world’s largest Lithium mine. The ASX-listed Lithium developer yesterday announced it had awarded further key contracts, including power generation and was reworking its expansion plans to boost Stage 2 capacity from 4Mtpa to 5Mtpa.

Terrain creates excitement with serious gold hits near Leonora

Terrain Minerals may have just transformed their Great Western gold project near Leonora into something much more serious after the company reported a number of near surface, excellent gold hits during their latest drilling campaign. Best results include 3m @ 26.6 g/t gold from just 8m down hole, 2m @ 24.4 g/t, 5m @ 6.98 g/t and 2m @ 12.1 g/t gold. 

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Weebit makes breakthrough with game changing memory tech

Technology company Weebit-Nano continues to make big strides in the development of its game changing “Re-Ram” memory storage technology with the announcement of successful electrical testing.  Weebit believes Re-RAM has the capacity to revolutionise memory storage due it being faster, cheaper and requiring less energy than current flash storage methods.

Sharks wary of SMS patterned wetsuit says UWA

ASX listed Shark Mitigation Systems have achieved scientific validation of their unique, patented, shark deterrent wetsuits after the University of W.A completed a ground breaking trial of the company’s “SAMS” wetsuit technology with live white sharks in South Africa. The results, which are quite stunning, show that it took a shark 400% longer to engage with a SAMS wetsuit.

Pilbara Minerals to move into Lithium downstream processing with Chinese

In the Lithium business it can be very profitable to own a mine, however, turning that Lithium into battery grade chemicals, commonly known as downstream processing, can be even more lucrative. Market darling Pilbara Minerals have given a hint of their medium term strategy after signing an MOU to move into the Lithium downstream processing business with the Chinese. 

Weebit to collaborate with Global tech powerhouse to commercialize revolutionary computer memory

It doesn’t happen often but every now and then a tech story comes along that looks like it just might survive the tech bubble and create a real business that makes real money. One such story at least at face value is ASX listed Weebit Nano that was back door listed by Perth connections into Radar Iron earlier this year and is now headquartered in Nedlands.