U.S. stocks trimmed losses substantially by late Friday afternoon as investors digested mixed economic reports and comments from two Fed speakers, following a sharp fall for stocks on Thursday. Gold jumped 1%. The ASX SPI 200 is off 26 points to 5473.
Australian stocks have marked their biggest fall since Mid-March with the ASX200 down 1.4% to 5,556.4 points. The Shanghai Stock Exchange Composite Index fell 0.48% while in pre-open markets the Dow Mini gained 28 points to 16,522.
The settlement with the ATO is a significant for Cape Lambert Resources given that it removes the remaining liability of $79 million through the final payment of just $2.4 million. It will now finalise plans for a distribution to shareholders and focus on the Marampa Iron Ore Project in Sierra Leone.
Alexium has over a dozen development/trial projects with potential customers that resulted from its attendance at North America’s only trade show dedicated solely to technical textiles. Each project represents a significant ($0.5 million) pa. ave. revenue opportunity with small sales on all products already booked for the upcoming quarter.
MacPhersons has received a major vote of confidence from Orion Mine Finance which has subscribed for $6.3M worth of shares, supported by chairman Ashok Parekh who subscribed for A$1M. The Nimbus BFS is now fully-funded.
One promising bauxite project is good, plus a graphite project is better; add in a copper gold project - all in Madagascar - render it very interesting indeed. The sale of Louisiana oil and gas assets would be the cream. The bauxite project looks to hold significant promise.
The potential of the Lower Woodbine area has not been lost on the US$60B capped EOG Resources Inc. Sun Resources' new leases are adjacent to, and on trend to EOG's expanding lease position. EOG has already completed at least seven horizontal oil producing wells in the immediate area.
The momentum from achieving previous guidance of $8 million in accrued revenues, traction from new products and the roll out of customer installations programs underpins TZ Limited’s growth profile for the 2015 financial year.
A total of 254 tonnes of Ferrotungsten was lifted from the ATC project furnace and shipments of 275 tonnes occurred in the June quarter, with 80% provisional payment having been received. Cash receipts from product sales of $8.3 million were received during the quarter. Final sales settlements continued to be received throughout July.
The first-in-main trial for the personalised therapeutic human cancer vaccine is scheduled to begin in the first quarter of 2015. This has the potential to target a wide range of hard-to-treat cancers with a single product.
The discovery of large flake graphite mineralisation at Triton Mineral’s Balama South Project in Mozambique is interesting given the physical similarities of its outcropping with that at the Balama North Project.
With WPG Resources' Bob Duffin intent on fast tracking the Tarcoola gold project into production in South Australia in quick time, through conventional open pit operation with associated heap leach processing, it could be producing 20,000 ounces of gold per year.