U.S. GDP has grown 4% in the second quarter; despite this the Fed has offered a mxed view of the economy. Broadly, companies in the S&P 500 are on pace to grow their second-quarter earnings by 6.7% from last year. They are on track for sales growth of 3.5%.
Australian stocks have made gains with ASX200 rising to a six year high. The ASX 200 is up 0.6% to 5,622.9 points. The Shanghai Stock Exchange Composite Index slipped 0.12% to 2,180.63 points while in pre-open markets the Dow-mini is up 24 points to 16,869.
By adding Kam Lung Investment Development Company as a strategic investor, South Boulder now have a Chinese partner to potentially secure an offtake agreement. South Boulder's shares are expected to climb today.
Drilling continues to deliver high grade copper with many more samples to be assayed while a resource upgrade expected in August with a PFS in September, giving plenty to discuss. KGL Resources managing director Simon Milroy will present at the Melbourne Investor Luncheon.
With overall sales of $7.8 million for the year ended 30 June 2014, up from $7.4 million in the previous year, and closing cash of $19.5 million, Admedus is in a strong position to progress the launch and marketing of CardioCel® in Europe and the U.S.
With gold production from Millennium Mineral's Nullagine Gold Project in Western Australia coming in at the upper end of its guidance and a restated Resource expected this quarter, managing director Brian Rear will have much to discuss with investors in Melbourne. Register today.
The shallow Muga Potash Project in Spain, which is a shallow sylvinite project in the south eastern section of the new Muga-Vipasca project area has emerged as the company’s target for initial mine. EMR Capital has a 26.4% interest in the company.
KGL Resources continues to deliver high grade results from its extensive drilling program at Jervois. The latest assays will further add to the forthcoming resource upgrade due late-August. A PFS will follow in September.
South Boulder has reinvigorated the Colluli Potash project with a ramp up of activity – particularly in the last quarter. This follows scoping work completed in late 2013 which considered processing all potassium bearing salts. The company's shares are expected to open firmer.
Results back from trial pitting at Spectrum Rare Earth’s Skyfall Magnetic End Use Rare Earth Prospect in the Northern Territory show an improving grade profile. Skyfall has one of the highest distribution of Magnetic Rare Earths when compared to other rare earth prospects around the world.
Providing a major vote of confidence in the development pathway, MacPhersons chairman will subscribe for up to $1M in shares while Orion Mine Finance has committed to $6.5M. Funds will complete the BFS in the December quarter 2014.
The agreement to acquire the Bear Head LNG project in Nova Scotia, Canada, from Anadarko Petroleum Corporation for US$11 million will diversify and reduce risk for Liquefied Natural Gas Limited in the North American LNG sector. Previous work by Anadarko is expected to result in lower development costs and faster approvals compared to Magnolia LNG.