Public Company News

Countdown to blast off for Sky and Space mini satellites

Perth listed Sky & Space Global's dreams of heading into space are about to be realized, with confirmation of a late-May launch date for the company's first three telecommunications "nano-satellites". The company this week reported that the Indian Government space agency had confirmed the launch of the satellites next month, paving the way for maiden revenues to flow within months.

Connected IO launches new miniature modem for Internet of Things

ASX-listed Connected IO continues to blaze a trail in the burgeoning "internet of things" global market with the launch of a new wireless modem device designed to take advantage of the latest low latency broadband cellular network known as "Cat 1". Cat 1 has been built by major mobile service companies around the world to provide an optimized, cost effective network specifically for the internet of things.

Lithium Australia look to Tin project to uncover Lithium in Germany

Lithium Australia's multiple tentacles have found their way into Germany with due diligence now underway on a proposed European joint venture and project farm-in. Interestingly, the project has a Tin recourse however Lithium Australia believe it might also be hosting a major Lithium discovery. 

Major Chinese player in $60m off take deal with Northern Minerals

Northern Minerals look set to get Australia's first heavy rare earths mine across the line after securing an offtake agreement for all production in the first three years. The sales agreement, with a subsidiary of one of China's big rare earths companies, includes a $10 million pre-payment and has dramatically boosted the prospects of a development decision.

MGC Pharma European marijuana facility complete

Medicinal cannabis player MGC Pharmaceuticals remains on schedule for its first commercial production of medical marijuana, with the Perth-based company's European cannabis extraction facility completing construction. MGC expects the initial commercial cannabinoid extraction to commence in Q3. 

Lithium Australia drill Mexican project next to world’s largest Lithium clay deposit

Lithium Australia have kicked off a much-anticipated drill program in Mexico with hopes of a discovery to rival the massive neighbouring Sonora deposit, which already has an off-take agreement with Tesla. Drilling began this week at the Agua Fria prospect where recent work identified a thick bed of lithium clays over a strike length of 5km and returned a number of very high assays. 

Legend inches towards a happy ending for $12m Cameroon deal

Legend Mining's drawn-out settlement of the 2014 sale of a magnetite project in Cameroon is edging closer towards a happy ending. The project buyer, Jindal Steel and Power, has kept faith by making another interest payment this week. Legend reaffirmed that it believes Jindal is still committed to finalising a new payment arrangement for the final $3 million in the first half of the year.

Stargroup delivers 13th straight quarter of record revenues

ASX-listed Stargroup delivered a staggering 13th consecutive quarter of record revenue growth in the March quarter. The company is expecting further revenue increases in calendar year 2017 helped by its impending acquisition of Automatic teller machine service provider Indue.

Connected IO locks down another US client for “internet of things” devices

Perth based Connected IO has added another blue-chip client to its expanding US customer base securing a $100,000 purchase order from a leading US wireless solutions provider. The order strengthens the company's growing revenues and adds to its already impressive customer base that includes Coca-Cola, US telcos Verizon and AT&T, Vodafone and The Red Cross.

Alterra secures premium WA agricultural property for new style dairy farm

ASX-listed Alterra has continued its ambitious push into the Western Australian dairy industry with the purchase of a 1,640 hectare property in Dandaragan Shire. The dairy industry upstart and carbon plantation manager is confident the property will suit an innovative dairy farming system known as "System 5".

Pilbara Minerals poised to begin major construction at Pilgangoora

In an era where major resource developments can take decades to get into production, Pilbara Minerals are defying all odds at their world-class Pilgangoora Lithium project near Port Hedland. The company announced this week they had cleared a key environmental hurdle and were now awaiting just one more bureaucratic sign-off before full-scale construction begins.

Hammer picks up Mt Isa tenements littered with existing resources

Hammer Metals have bagged more exciting copper-gold real estate in the Mt Isa region with the completion of stage one of an acquisition from Chinalco Yunnan Copper Resources. The deal includes an already defined resource with 143,000 tonnes of copper and a host of other opportunities for Hammer to add value by applying its own brand of exploration.


Runners of the week

Company NameOpenPeak
Predictive Discovery0.00800.1200
Galaxy Resources0.49502.3600
Oro Verde0.01000.0160
Capital Mining0.01000.0160
3D Resources0.00400.0060
Enterprise Metals0.03200.0450
Collaborate Corporation0.03300.0460
Inca Minerals0.01300.0180

Connected IO (CIO)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BNiQ Disclaimer

Contact Us

Matt Birney
Bulls 'N' Bears 

c/o Business News
Level 2, 139 Newcastle St
Perth WA 6000

M: 0419 217 090