Bulls N' Bears (Commercial Content)

Good Morning, happy 30th of June… Yes, it is the end of the financial year today and aren’t we glad, especially after the past week….. Pre pay your interest, look for some tax deductions and contribute more to super… this is your last chance before next FY year…

MGC Pharmaceuticals have done what few other medical cannabis companies have managed to do – make money.The company received first revenues from its “MGC Derma” medical cannabis based line of anti-ageing cosmetics this week from their Californian distributor who has committed to buy 1.2m Euro's worth of product in the first year. 

Good Morning, this is what we like to wake up to………. Dow +260 points… SPI Futures + 57.. Oil + 3.48%A “Brexit” bargain hunt! Everything is up for sale…

Merkel didn’t wake up too happy this morning…

ASX listed biotech PharmAust, is rapidly making its mark on the anti-cancer drug industry with its promising ant-cancer drug known as “MPL”. The company recently announced they would partner up with the same UK university that was first responsible for splitting the atom and the discovery of stem cells in their upcoming phase 2 trial of MPL in canines.

Financials had the biggest one-day fall since 2001…

ASX listed Sky and Space Global have signed a deal with Richard Branson’s Virgin Galactic to launch a “constellation” of up to 200 of its nano-satellites into space aboard Branson’s visionary space craft “Launcher One.” Virgin Galactic created LauncherOne specifically to focus on launching nano-satellites into space in an affordable way. 

In only a few hours, we will know whether the Brits will “Remain” or “leave” and early votes that are starting to come in, are showing a move to the “Bremain” camp….

Today in the UK its “D-Day”……

It seems that Blackham Resources can walk and chew gum at the same time. Even though the company is furiously preparing for the commencement of mining in 3 weeks at the Matilda Gold Project in Wiluna, they have still managed to add another 106 000 ounces of gold to their mining inventory since the delivery of their Definitive Feasibility Study just 4 months ago.

George Soros, the “genius” behind the 1992 “collapse of England”, came out swinging last night stating that a “Brexit” would be catastrophic for markets and that the GBP would be 1:1 vs. the EUR…

Many companies that list on the ASX do so with the promise of “going global” once they are listed but don't manage to live up to that promise. One recent ASX listing that looks like it might be good for its word is Perth based Shark Mitigation Systems who have just secured a contract to protect the world's best surfers with their “Clever Buoy’ shark detection technology. 

Fresh from exploration success at their Ugandan base metals play, Sipa Resources are now about to drill their highly prospective new West Australian project in the Paterson region as the wet season takes hold in Uganda. The area is attracting the interest of the majors with Rio Tinto recently agreeing to spend $60m on neighbouring Antipa Mineral's ground to earn a 75% interest.

Eddy “slips” and now Holden want to cut sponsorship with the Collingwood football club….

Good Morning, trust that you had a great weekend and are raring to go for an “eventful” week on markets…. So yes, we arrived safely from our hiking adventure (not before we got lost for ~ 3 hours, found ourselves surrounded by 4,000+ leeches and had to hitch-hike back to the car, as it was pitch black and we were 12km from where we started)…. Overall a good adventure…. So what can we expect this week? It’s all about the Brexit…

Junior explorer Hammer Metals has accessed a little known Federal Government program to give their shareholders a tax windfall worth nearly half a cent per share. Hammer successfully applied for inclusion in the federal Government’s “Exploration Development Incentive Scheme” which effectively allows exploration companies to pass on some tax losses to their shareholders. 

Perth based Pharmaust has received a $250k Federal grant to conduct a research program into a little known illness known as Leishmaniasis disease. They will work in partnership with a Swiss not for profit who will retain rights to any drugs produced for humans with Pharmaust retaining the rights to any drugs developed that cure Leishmaniasis in animals. 

Good Morning, happy Friday…. Yes, it’s been a short week due to the public holiday on Monday, but boy, it sure has been an eventful one…..Not for the right reasons… a Brexit, a Grexit or a non-event..  do we really care? Well… markets do… and we expect focus over the coming days to be on Britain and whether they will stay or go…

Sipa Resources might be onto something at their Akelikongo Nickel/Copper prospect in Uganda. The company recently completed a 12 hole RC drilling program returning solid numbers across very wide intercepts at the project, many of which start from surface. With mineralized intersections up to 120m thick, if they find something at Akelikongo it is likely to be damn big. 

Good Morning, did you know that China spends more on infrastructure than the US and Europe combined? So will the potential “Brexit” alter spending and adversely impact global consumer and business confidence?Yes… short-term for sure… so would we prefer a Brexit and a Trump or just a Brexit?

Perth based MGC Pharmaceuticals have planted their first medical cannabis crop at their licensed growing facility in Slovenia. The company’s first crop will be around 5000 square meters in area and will be used to evaluate the best soil, nutrients and growing conditions for the planting of future large scale crops. The harvest will be used for cosmetic and medicinal purposes. 

Red Mountain Mining have released the results from their much anticipated pre-feasibility study into the Batangas Gold Project just two hours drive south of Manila in the Philippines. The PFS shows the mine will churn out $46m in free cash over the initial 7 year mine life and produce gold at USD$735 an ounce from a maiden reserve of 128 000 ounces of gold. The project has plenty of upside from a further 320 000 ounces still sitting at inferred status.

Good Morning, US stocks retreated for a fourth day (Dow Jones -37 points), the longest since February, amid growing uncertainty about the UK's future in the European Union and as investors awaited Wednesday's Federal Reserve announcement.  Now…. Let’s take a step back and talk about this possible “Brexit” on the 23rd of June ……. Firstly, the pending outflows coming out of England and Europe would make Greece’s exit from the EU seem like a small needle in the Atlantic ocean…

Blackham Resources will make the leap from explorer to producer in September this year after the final approval to crank up the old Wiluna Gold plant was granted this week at the company’s Matilda Gold project in W.A. The company says the mine will churn out $234m in free cash over the initial 7 year mine life and will produce 100 000 ounces per annum. 

Sky and Space Global have passed a major milestone in their quest to catapult three miniature satellites, known as “nano-satellite’s” into space. European aerospace company GomSpace, who are contracted to manufacture the company's first three nano-satellites, recently announced that the Preliminary Design Review for the first three nano-satellites was complete.

Good Morning, for those of us that had a long weekend, welcome back to reality! It certainly was a great break (that extra day certainly makes a difference), but it’s time to get back to the grind…. So what have we missed?A lot…..  And it’s not great news…. It kicked off with Trump telling Obama to resign…

Avid market followers will no doubt look to punt Legend Mining’s stock today at around .008c/.009c a share after the company announced they were commencing a 1050m drilling campaign to identify the source of three conductors at the Fraser Range. The ground is just 120km from Sirius Resources goliath Nova Bollinger nickel find and it is on a simular gravity tenor ridge.

Good Morning, yes, it’s Friday…. This week, we’ve seen US stocks trading near all-time-highs, where the ASX continues to “grind” and just doesn’t want to “follow through”…The ASX reached over 6,700 points back in July 2007 and is still ~40% from its highs, where US and European markets have surpassed their 2007 highs by well over 30%.So does this “70% underperformance” have to do with political uncertainty? Interest rates that are “relatively high” vs. G20 or just confidence?

Good Morning, the US continues to “march on” higher (Dow +66 points) and us Aussies are finding hard to follow through… Let’s hope that we beat those yanks in the pool @ RIO…  We certainly need something to “brag” about……. Global stocks are trading near their highest levels of 2016, having rallied since February as commodities recovered from a quarter-century low to enter into a bull market this week.So what’s next?

Anti-Cancer drug hopeful Pharmaust will be fully funded to enter into Phase 2 human trials after well established New York investment bank Joseph Gunnar and Co agreed to underwrite the company’s next capital raise which will be done in the USA. Phase 2 trials are expected to start in a couple of months after their anti-Cancer drug is reformulated to make it more palatable.

Good Morning, the S&P 500 Index rose to the highest level since July (Dow Jones +17 points), as crude settled above $US50 a barrel and the US dollar weakened to a one-month low on speculation that the Federal Reserve won't rush to raise rates amid moderate growth in the world's largest economy. Once again, the US market continues to “outperform” us Aussies…… Why? AUS GDP released only a few days ago showed that GDP rose 1.1% last quarter, on track for >3% annualised.. that’s good, right?

Good Morning, Yellen speaks, markets go up? Yellen, did you have a strong coffee last night and a red bull to go with it? Don't bet on the end of the bull market just yet….. US Markets rallied last night (Dow Jones +113 points), as commodities continued to run….. In London, Anglo American +11%, Rio +6.4%, BHP +6.3%, Glencore +6.2%... RBA interest rate decision today… will they cut again? Highly unlikely…