Plenty of capital raising activity among the small miners. photo: Attila Csazar

Small miners busy raising $36 million

It has been a busy few days of raising funds for Perth-based miners Aspire Mines, Rumble Resources and Australian Mines.
Aspire Mining today announced a $16.5 million renounceable rights issue to reduce debt and fast-track its Nuurstei Coking Coal project in Northern Mongolia to production in 18 months.
Australian Mines requested a halt to trading yesterday pending a release of an announcement of a share placement, thought to raise up to $15 million, to institutional investors in the UK, Hong Kong and Australia. The company expected to resume trading on Monday.
The halt comes after a fantastic October for the company during which its share price rocketed from 1.5 cents to 11 cents.
Rumble Resources told the market it had successfully raised $4.8 million in a heavily over-subscribed placement.
Rumble managing director Shane Sikora said the funding ensured the company could fast track any success seen in its current drill program at Braeside and commence a works program over its Barramine Cu-Pb-Zn-Ag and Earaheedy Zn projects.
Aspire closed 0.4 cents down 1.5 cents a share, and Rumble shares were 8 cents when last traded. Australian Mines shares were 9.7 cents when trading halted.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
110thTraka Resources100%-5%
715thAspire Mining-49%-26%
743rdOro Verde-57%-29%
796thFerrum Crescent-75%-52%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Other
$0 Issued
$0 Issued
Total value as at the date of the transaction
Source: Morningstar


197th↑Traka Resources$189k
198th↓Ferrum Crescent$185k
199th↑Aspire Mining$181k
200th↓Hawkley Oil & Gas$181k
201st↑Oro Verde$178k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Aspire Mining

465thDavid Paull$303k
1315thDavid L McSweeney$55k
1117thNeil A Lithgow$43k
Ranked by total remuneration from all listed WA companies

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