Bulls N' Bears (Commercial Content)

Tonight, our Hawks take on the Cats at the “G” and if it continues to rain, the hawks are in the box seat…

Sky and Space Global has commenced building its innovative nano-satellites and is on track to launch before June next year after clearing another key test phase.  The company is seeking to create its own global satellite telecommunications network via a constellation of miniature satellites capable of providing voice, text and data services to potentially millions of remote area customers. 

Gold miner Troy Resources were knocked over in the rush by heavyweight institutional investors clambering to get a peice of Troy's $40m capital raise this week. After turning out some stellar near mine drilling results in recent times, Troy have decided to target the low hanging fruit with a $16m exploration and development drive that will focus mostly on near mine exploration. 

U.S. stocks held near record levels (Dow Jones -11 points) and the dollar gained as traders digested mixed data in the world’s largest economy amid bets interest rates will stay low.

It doesn’t happen often but every now and then a tech story comes along that looks like it just might survive the tech bubble and create a real business that makes real money. One such story at least at face value is ASX listed Weebit Nano that was back door listed by Perth connections into Radar Iron earlier this year and is now headquartered in Nedlands. 

The global Lithium industry will be sitting on the edge of their chairs later this month when Pilbara Minerals tells the market just how much money you can make out of the largest reported Lithium resource in the world. The company has flagged the impending release of their highly anticipated definitive feasibility study into the giant Pilgangoora Lithium project in the north of W.A.

We have another busy day today, meeting with CFOAM management who are in town and attending an investor lunch for a potential new PEAK opportunity…

Sky and Space Global that was recently backdoor listed on the ASX by Perth connections, has moved a step closer to launching its constellation of telecommunications “nano-satellites” by technically validating the software that will power the space infrastructure. The tests showed the effectiveness of the nano-satellites at sending and receiving signals between hardware devices.

Talk is cheap in the exploration business and whilst most explorers talk about the day they will leap into production, the reality is that day more often than not, never arrives. Not so for Blackham Resources who had an unmistakable vision and strategy for the Matilda Gold project in Wiluna that was executed flawlessly at every turn right up until wet commissioning this week. 

RIO Tinto has been sued over talcum powder cancer links…..

Northern Minerals has won a key approval from the W.A state Government for the development of Australia’s first heavy rare earths mine at Browns Range in the far north. The DMP cleared the project management plan for a Dysprosium pilot plant after Chinese interests recently committed $30 million in equity funding for Northern Minerals to help progress the project.

Interest in the Paterson copper-gold district in the north of W.A continued today with news from Sipa Resources that they had intersected copper-gold mineralization in 15 out of 19 holes during their maiden drilling program at the Obelisk project . The results showed an initial strike length of more than one kilometre, which remains open in all directions.

Stargroup achieved record revenues from their Automatic Teller Machine division in August and total quarterly revenues are on track to outperform last quarter by a whopping 50%. The company said it was expecting total quarterly revenues of $1.8m this quarter compared to $1.2m last quarter as the organic roll out of its ATM machines continues to increase. 

US stocks were higher on Friday night (Dow +85 points), Crude oil +2.97% and the SPI is +33 points, as US payrolls increased by 151,000 in August……….. Less than expected….

MGC Pharma has moved a step closer to conducting clinical trials of medical cannabis in Australia and Europe after signing a deal to partner with Epilepsy Action Australia. The agreement means MGC will collaborate with Australia’s leading epilepsy association on future trials into how medical cannabis can treat the debilitating condition.

Recent drilling at Troy Resources’ Karouni gold mine in Guyana, South America, has increased the gold resource to more than 1.1 million ounces. In their latest annual statement of resources and ore reserves, Troy revealed a 48,000 ounce increase in ore reserves and an 83,400 ounce boost to inferred resources, adding around AUD$145m to the in-situ value of the resource.

Yes, the end of the week is finally here and boy, hasn’t been a busy one….

ATM machine operator and EFTPOS supplier Stargroup, has reported a massive leap in its full-year profit following a standout year of growth. The company, which offers ATMs and EFTPOS terminals to retail outlets, on Wednesday reported its first ever net profit after tax for the year ended June 30 of $767,802. The result represents a giant turnaround on last year’s loss of nearly $2.9m 

Yes, Wednesday as here and as we prepare ourselves for the official “last day” of the AUS reporting season, we sit down and have a big “sie” of relief…

ASX listed Sky and Space Global say they have validated their technical offering, revealing that their first wholesale customer has secured commerical contracts to sell some of the company's cutting edge nano-satellite bandwidth. The UK-registerd satellite company says the new deals underpin teh company's view that it could generate around US$500 milion per year at full tilt. 

When it rains it pours or so it seems for Rare Earths player Northern Minerals who banked $2.8m from Chinese interests a few weeks ago with another $27m to come. This week the George Bauk led company banked another $1.25m from the sale of their Northern Territory gold leases to Northern Star Resources with another $1.5m potentially still to come. 

Stargroup has inked a deal with a Swedish EFTPOS terminal supplier to exclusively distribute their “next generation” EFTPOS terminals in Australia and NZ. The deal provides a number of market advantages for Stargroup in the EFTPOS space, including the ability to access the software "source code" for each terminal, potentially opening up a swag of opportunities for the company. 

Despite a few minor technical setbacks during FY16, Troy Resources’ new Karouni Mine in Guyana in South America remains a highly profitable operation with C1 cash costs reported at just US$515 per ounce. All in sustaining costs came in at just US$816 an ounce and the company is predicting that could drop to as low as US$750 an ounce in FY17. 

Stargroup has appointed Evan McGregor to its board as the company reported a record July with ATM transactions lifting by 12 % and annualised gross revenues on track to reach nearly $7m on an annualized basis. McGregor has previously served with listed companies such as Asia Infrastructure, Entertainment World, Zeolite Australia, Media Entertainment Group and London Securities. 

Hawthorn won by 1 point against Collingwood and finished in the top 4…..

Another “extremely busy” week with over 100+ companies reporting their FY results

Getting along with your neighbours is always good policy, especially in the mining game when you have common tenements sitting on the same ore body. Pilbara Minerals and Altura Mining have led the way at Pilgangoora in the north west of W.A with a new agreement to share infrastructure and support each others tenure. 

The decision to delist Harvey, Petrie, Firrito and Dal Santo a week before finals is a “nightmare” for the North Melbourne Football Club…

Troy Resources have overcome early mill problems at their new Karouni gold mine in Guyana, South America and made a series of improvements to boost production rates. The Perth-based gold miner also reported a swag of encouraging drilling, suggesting there is still plenty of upside in the Karouni resource.

MGC Pharmaceuticals has taken the next step towards launching its potentially breakthrough range of cannabis based skincare products next year after Recent microbiology testing in Slovenia showed “no adverse reactions” to MGC cannabis products that treat psoriasis, acne and seborrhoea ailments. The company says it is on track for a full skin care line roll out in 2017. 

Another busy day ahead for us with the likes of Blackmores, Caltex, Healthscope, Oil Search and Amcorreporting their FY results.

Pilbara Minerals have more than doubled their ore reserves at Pilgangoora in WA, paving the way for the world’s biggest lithium project to get even bigger. A 136% increase in reserves has more than doubled the life of the planned mine to 35 years and prompted studies to double output after mining begins in late 2017.