Public Company News

Gov approvals falling like dominoes for Australia's first heavy rare earths mine

Approvals to build Australia's first heavy rare earths plant are falling like dominoes for Northern Minerals with the Department of Mines and Petroleum giving the green light for the company to develop their Browns Range rare earths project near Halls Creek. Whilst it will be a research and development play initially, there is every chance it will still make money for the company. 

Stargroup executes landmark acquisition deal

ATM machine operator Stargroup, has bolted $1.7m to its bottom line after executing a hotly-anticipated asset purchase agreement with high margin Australian ATM machine service provider Indue. The $6.5m debt funded deal appears to have been well negotiated by Stargroup at just 3.8 times EBITDA. Indue's ATM business shows a very high EBITDA to sales ratio of over 40%.

Medical Marijuana company achieves material revenue flow

Whilst most medical Marijuana companies are still trying to work out how to monetize their businesses, MGC Pharmaceuticals are busy locking down international distribution deals with real revenue flows for their unique, Cannabis based skin care line, MGC Derma. The company announced last week it had secured its first major sales order worth around AUD$65,000.

Sipa Resources hit 2.5% Nickel and 2.4% Copper in Uganda

Geological tell tale signs from the latest round of drilling at Sipa Resources'nickel copper play in Uganda indicate that the company might be getting close to the pay zone with their exploration program. The latest assay results from the Akelikongo project have extended the mineralized zone by 100m and suggest that the mineral system strengthens and thickens down plunge

Sky and Space Global miniature telco satellites built by next month

Sky and Space Global's breakthrough 'nano-satellites' are moving from idea to reality with the company indicating that the first three units will be built by December 2016. They are now expected to be tested and ready for deployment by February 2017, well ahead of the second quarter launch date and telco wholesalers are already signing up to get a slice of the action. 

Northern Minerals start final drill program at Browns Range ahead of investment decision

All the pieces are falling into place for Northern Minerals' heavy rare earth project at Browns Range, with infill drilling underway before a final investment decision due in Q1 2017. It follows a sensational few months for the company that have included funding and construction deals to take Browns Range from an ambitious idea to potentially Australia's first heavy rare earths mine.

Investors in rush to subscribe for Sky and Space Global placement at 4 fold premium to last raise.

In a strong endorsement of its nano-satellite telecommunications technology, Sky and Space Global has raised $7 million in an oversubscribed capital raising at 8.5c a share. The price represents a jump that is more than 4 times the previous capital raise price of 2c a share just 6 months ago when Perth corporate types, Brett Mitchell and Peter Wall backdoor listed the company. 

Pilbara Minerals turn first sod at world's largest Lithium development in Port Hedland

Pilbara Minerals' rapid rise reached a key milestone this week with the start of earthworks at Pilgangoora, one of the world's largest Lithium development projects. The news coincided with the company's AGM where shareholders were told how their company had achieved remarkable growth from a market cap of just $11 million two years ago to $700 million today.

Shark Mitigation Systems lock down Gov deal to protect Perth beachgoers from shark attacks

The State Government will deploy home grown technology with global potential in a $500k deal to protect Perth beachgoers from shark attacks this summer. Perth based ASX listed Shark Mitigation Systems said today they had convinced the W.A State Government to deploy their "Clever Buoy" technology on a trial basis between the two groynes at City Beach over the summer period.

Northern Minerals on track to build Australia's first heavy rare earths plant after $12m Chinese deal

Chinese engineering firm Sinosteel MECC have agreed to defer $12m of the $60m needed to build Northern Minerals rare earths pilot plant until after the mine starts producing. Taking the money from future cashflow rather than borrowing it, dramatically changes the deal metrics and sets the company up to be Australia's first heavy rare earths producer in 2017. 

Former Intel executive to tour Australia for Weebit

David Perlmutter, the heavy weight former Executive Vice President at Intel Corporation, is headed to Australia next week in his role as Chairman of ASX listed tech company Weebit Nano and will meet investors in Melbourne, Perth and Sydney. His involvement with a junior technology company is curious and has local tech heads speculating about where the company is headed. 

Pilbara Minerals set for another Lithium reserve upgrade

Pilbara Minerals' Pilgangoora Lithium deposit is growing like topsy, with the ASX-listed Lithium developer flagging another reserve upgrade after releasing exceptional results from the latest drilling program. The looming upgrade, would strengthen Pilbara Minerals' case for doubling mine throughout and dramatically improving the economics of an already lucrative project.


Runners of the week

Company NameOpenPeak
TTE Petroleum0.00800.2200
Regal Resources0.01400.2200
Premiere Eastern Energy0.01800.0370
Kingston Resources0.02200.0390
3D Resources0.00400.0070
Metals Australia0.01000.0160
Samson Oil & Gas0.00400.0060
Acacia Coal0.00400.0060
Jacka Resources0.00400.0060
Caeneus Minerals0.00200.0030

Share Price

Closing price for the last 90 trading days
Source: Morningstar

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