Financial stocks continued to show weakness as market volatility hit investor sentiment, sending the All Ords down 76.5 points, or 1.5%, to 4,964.3. The Shanghai Stock Exchange Composite Index is up 0.51% to 2,286.98 points while the Dow Mini gained 4 points to 15,294.5.
With the appointment of an Engineering, Procurement and Construction contractor and the high possibility that a Supplemental Environmental Impact Statement will be issued in November, Peninsula Energy’s Ross Project of the Lance Uranium Projects remains on track for full permitting later this year.
Graham Bradley, the chairman of Po Valley, has told shareholders that solid cash flows, increased gas production and funding for new production facilities are on the cards for the company this year. It is also on the hunt for farm-in partners to progress a number of its assets.
Hughes’ positioning as an essential service provider in the production process of operating mines largely shields it from the problems faced by other service providers with business models focused on the exploration, development or construction phases of new mines.
The start-up of gas sales from SRH-5H horizontal well adds to the cash flow from Golden Gate’s existing vertical wells in the Permian Project. This is set to rise further once oil production hits a level that allows the company to establish a long term producing base.
With a 6.2% fully-franked dividend, E&A Limited has recently been capturing investor attention as the stock has risen 58% since start of 2013 - a star perfomer with a yield. Stephen Young, executive-chairman, will present the full story at "Stars in 2013" in Sydney. Attendance if free but you must be registered for the Forum to gain entry.
The addition of leading domestic and international express delivery company TNT Express to its growing A.D.A.M. Parcel Locker Network gives TZ a giant step forward. It is in a strong position to take on Australia Post and overtake it in the parcel distribution and online logistics business given TZ's "agnostic" delivery platform.
The formation of a strategic partnership agreement with China Real Estate Association has the potential to improve ASG Group’s position in the property sector while increasing its exposure in China.
Peak Resources is on track to become the next major rare earth supplier from the Ngualla project in Tanzania. The company has produced two refined rare earth products at ANSTO Minerals - which importantly are in saleable form and available for evaluation by target customers.
The current resource at Hollandaire could add a copper, gold and silver concentrate revenue stream to the Murchison gold project, thereby reducing all-in-sustaining cash costs at the gold operation.
Since Mark Bouris and Ken Ting turned TZ Limited around in 2009, to today's teaming agreement with Fastway Couriers for TZ's parcel distribution and logistics network, has not been without a hard slog. With previous partnerships, it could now give TZ a 60% share of parcel deliveries in Australia for its agnostic A.D.A.M. locker system.
The completed Scoping Study for the Mansa manganese project has demonstrated positive project economics as the project moves closer to production in a matter of weeks. Budgeted costs of delivering a CIF product are between $190 and $210 per tonne, in line with its expectations.
Saturday, May 25, 2013