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QRSciences commences DOTARS trials after rights issue

Cannington-based security technology group QRSciences Ltd has announced the commencement of trials of its explosives screening system with the Federal Department of Transport and Regional Services.

The news came less than a week after associated company Spectrum San Diego Inc entered into negotiations with the US Transportation Security Administration for the manufacture of its Castscope screening system - used to screen heavy bandages and prosthetic limbs.

Earlier this month, QRSciences issued a prospectus for a non-renounceable entitlements offer to raise $6.7 million, to repay promissory notes issued to New York investment advisers Vision Opportunity Master Fund and Platinum Partners V alue Arbitrage Fund LP for the purchase of Baxall Australia Pty Ltd, and through it, the stake in Spectrum.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/16

1 year TSR5 year TSR
112thFortescue Metals Group162%-2%
316thSouth3226%0%
534thWoodside Petroleum-8%1%
543rdIluka Resources-9%-14%
718thAtlas Iron-58%-68%
777 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/09/16
$0 Other
23/09/16
$0 Other
20/09/16
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$6,935.4m
4th↑Iluka Resources$884.1m
5th↑Atlas Iron$803.7m
524 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.992m
12thStephen Pearce$2.551m
25thNick Cernotta$1.566m
Ranked by total remuneration from all listed WA companies

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