Speculation about a potential rate cut has sent the ASX200 up 0.3% to 5,588.3 points.
This freelancing, outsourcing and crowdsourcing marketplace, the largest in the world, has received record cash receipts and built a healthy cash balance.
Sales of A$7 million for the first half, a backlog of about $4 million and a solid pipeline of secured business place TZ Limited in position to meet its FY2015 revenue guidance of $18 million. Demand for its products continues to build.
Assays are pending from reverse circulation drilling at Thundelarra’s Red Bore and Allamber projects. The company is also fully funded for its planned 2015 exploration at Red Bore and Curara Well.
Cash receipts in the fourth quarter of 2014 are up 7.6% from the previous quarter to $7.4 million. This is up 42.1% from the previous corresponding quarter. The company has $20.2 million in cash. Shares should trade higher today.
Tiger Resources expects all-in sustaining cash cost to fall through 2015 to average between US$1.57 and US$1.67 per pound. Production is forecast at 25,000 tonnes of copper cathode.
Applabs achieved strong revenue and contract growth in the December quarter 2014, demonstrating the capabilities of its Fee for Service division. This could be just the beginning, with $1.1 million in additional new contracts quoted. Applabs is well-funded.
Outstanding components for the Kvanefjeld Feasibility Study are set for completion in February. An updated Resource estimate is expected soon with a Mining Reserve to follow soon after. The pro-uranium Greenland Government also provides a clear path forward.
U.S. stocks shook off earlier losses to end markedly higher, as investors focused on a slight bounce in oil prices and better-than-expected jobless claims data. Oil edged higher, gold dropped. The ASX SI 200 is up 51 points to 5557.
The $1.2 million loan facility from Macquarie Bank will be repaid from the expected research and development tax rebate for FY2015. Carbon Energy's Blue Gum Gas Project has Queensland's fifth largest Proved and Probable Reserve of 1,128 petajoules.
The first mining campaign has produced 5,639 ounces of gold at the Greenfields mill. Phoenix Gold expects the Kintore mine to be cash flow positive in the March quarter 2015 as strip ratios decrease and higher grade ore is accessed at lower levels.
Drilling at Mining Projects Group’s Roe Hills Project has identified a new thick nickel sulphide fertile lava channel. This increases prospectivity of the entire 40 kilometre strike. Geology is comparable to that at the Cosmos Nickel Project.
The oversubscribed placement was made to new institutional, sophisticated and professional investors. This delivers further financial capacity to Blackham’s register. Discussions are progressing to finance the Matilda Gold Project through exploration, feasibility and into production.