Bulls N' Bears (Commercial Content)

US stocks were higher on Friday night (Dow +85 points), Crude oil +2.97% and the SPI is +33 points, as US payrolls increased by 151,000 in August……….. Less than expected….

MGC Pharma has moved a step closer to conducting clinical trials of medical cannabis in Australia and Europe after signing a deal to partner with Epilepsy Action Australia. The agreement means MGC will collaborate with Australia's leading epilepsy association on future trials into how medical cannabis can treat the debilitating condition.

Recent drilling at Troy Resources' Karouni gold mine in Guyana, South America, has increased the gold resource to more than 1.1 million ounces. In their latest annual statement of resources and ore reserves, Troy revealed a 48,000 ounce increase in ore reserves and an 83,400 ounce boost to inferred resources, adding around AUD$145m to the in-situ value of the resource.

Yes, the end of the week is finally here and boy, hasn't been a busy one….

ATM machine operator and EFTPOS supplier Stargroup, has reported a massive leap in its full-year profit following a standout year of growth. The company, which offers ATMs and EFTPOS terminals to retail outlets, on Wednesday reported its first ever net profit after tax for the year ended June 30 of $767,802. The result represents a giant turnaround on last year's loss of nearly $2.9m

Yes, Wednesday as here and as we prepare ourselves for the official “last day” of the AUS reporting season, we sit down and have a big “sie” of relief…

ASX listed Sky and Space Global say they have validated their technical offering, revealing that their first wholesale customer has secured commerical contracts to sell some of the company's cutting edge nano-satellite bandwidth. The UK-registerd satellite company says the new deals underpin teh company's view that it could generate around US$500 milion per year at full tilt.

When it rains it pours or so it seems for Rare Earths player Northern Minerals who banked $2.8m from Chinese interests a few weeks ago with another $27m to come. This week the George Bauk led company banked another $1.25m from the sale of their Northern Territory gold leases to Northern Star Resources with another $1.5m potentially still to come.

Stargroup has inked a deal with a Swedish EFTPOS terminal supplier to exclusively distribute their “next generation” EFTPOS terminals in Australia and NZ. The deal provides a number of market advantages for Stargroup in the EFTPOS space, including the ability to access the software "source code" for each terminal, potentially opening up a swag of opportunities for the company.

Despite a few minor technical setbacks during FY16, Troy Resources' new Karouni Mine in Guyana in South America remains a highly profitable operation with C1 cash costs reported at just US$515 per ounce. All in sustaining costs came in at just US$816 an ounce and the company is predicting that could drop to as low as US$750 an ounce in FY17.

Stargroup has appointed Evan McGregor to its board as the company reported a record July with ATM transactions lifting by 12 % and annualised gross revenues on track to reach nearly $7m on an annualized basis. McGregor has previously served with listed companies such as Asia Infrastructure, Entertainment World, Zeolite Australia, Media Entertainment Group and London Securities.

Hawthorn won by 1 point against Collingwood and finished in the top 4…..

Another “extremely busy” week with over 100+ companies reporting their FY results

Getting along with your neighbours is always good policy, especially in the mining game when you have common tenements sitting on the same ore body. Pilbara Minerals and Altura Mining have led the way at Pilgangoora in the north west of W.A with a new agreement to share infrastructure and support each others tenure.

The decision to delist Harvey, Petrie, Firrito and Dal Santo a week before finals is a “nightmare” for the North Melbourne Football Club…

Troy Resources have overcome early mill problems at their new Karouni gold mine in Guyana, South America and made a series of improvements to boost production rates. The Perth-based gold miner also reported a swag of encouraging drilling, suggesting there is still plenty of upside in the Karouni resource.

MGC Pharmaceuticals has taken the next step towards launching its potentially breakthrough range of cannabis based skincare products next year after Recent microbiology testing in Slovenia showed “no adverse reactions” to MGC cannabis products that treat psoriasis, acne and seborrhoea ailments. The company says it is on track for a full skin care line roll out in 2017.

Another busy day ahead for us with the likes of Blackmores, Caltex, Healthscope, Oil Search and Amcorreporting their FY results.

Pilbara Minerals have more than doubled their ore reserves at Pilgangoora in WA, paving the way for the world's biggest lithium project to get even bigger. A 136% increase in reserves has more than doubled the life of the planned mine to 35 years and prompted studies to double output after mining begins in late 2017.

A banana thrown at Eddie Betts… The IOC apologies to the 10 athletes who were thrown in a Brazilian jail… The Aussie team's “hit & misses”….

Sipa Resources have more than doubled the anticipated cap on their share purchase plan to $4.2 million after a flood of applications from bullish shareholders. The rush coincides with the start of a maiden drilling program at the Paterson North project, which is on strike from the ground generating so much good news for Antipa and its JV partner Rio Tinto.

BHP's $8 Billion loss is casting doubt on its CEO getting paid well over $10M in cash and incentives…

Well-known Perth broker Euroz is predicting a 50% increase in the lithium resource at Neometals' Mt Marion project near Coolgardie. The prediction, which is based on recent spectacular drill results at the project, would take the Mt Marion resource from 60m tonnes to 90m tonnes, placing it right up there with some of the largest hard rock deposits in the world.

BHP had its worst half in over 50 years as the miner posted a “huge” loss ($6.4 billion) on write-downs in Brazil.

There seems to be no end in sight to the run on Blackham Resources' share price that started in September last year at 15c and touched $1.15 today on the back of more, classic Blackham, super high grade drill hits at the Matilda Gold project – the project that just keeps on giving. Results out today include 6.0m @ 26.4 g/t gold, including 1.8 metres at a whopping 83.3 g/t, and 15.6 metres at 7.51 g/t.

Another very busy day ahead for us with the RBA minutes and BHP, BKN, CGF and WBC to name some of the big names set to report…

Blackham Resources shares have surged again with news that the first gold pour at the 100,000+ ounce-a-year Matilda gold project in Wiluna W.A is just weeks away. The first gold bar at Matilda will mark the first major milestone in Blackham's remarkable revival of the largely mothballed project in Wiluna. Shares in Blackham surged 4.5c to $1.02 on the news.

Legend Mining have wasted no time getting back into the field for a series of moving loop electromagnetic survey's at their Rockford project in the Fraser Range, home to the giant Nova-Bollinger nickel deposit. They recently completed a round of exploratory drilling at Rockford which the company says has greatly assisted it to better understand the geology at the Fraser Range.

The Olympics has certainly been entertaining and yes, the Hawks are still on top of the ladder (just).

Cashed up Neometals is returning $11.3 million to shareholders even before production begins at Mt Marion in the December quarter. The savvy junior held $74 million in cash at 30 June and is distributing to shareholders some of the rewards of its great deal making. This is the second time in a year that Neometals have announced a dividend before production has even started.

It surely has been another busy weak, as the AUS reporting season has gathered steam….

Medical cannabis company MGC Pharmaceuticals has agreed to sell two African-based exploration permits and related data for $500,000 in cash. The legacy mining assets no longer form part of the company's core business focus as it finalises the transition away from mineral exploration as Erin Resources and into a leading edge medical marijuana company.