The $25 million dividend payout as well as $69 million in cash, receivables and listed securities are all attractive factors drawing investors to Cape Lambert Resources. The company is currently evaluating investment opportunities.
Wall Street was lower for a second day overnight on geopolitical fears and some weak data out of Europe. Investors are also taking some money off the table after the recent record run. The Dow is up 13.5% in the past year. Gold gained. The ASX SPI 200 is off 33 points to 5373.
This latest development of Medicare approval in the U.S. for its new SomnoDent Herbst Advance devices will drive further sales as the cost to the end consumer is significantly reduced or eliminated.
Regeneus is launching its first HiQCell offshore treatment centre in Singapore, which is a major milestone for the company. The Clinic will be led by Dr Patrick Goh, a leading sports and exercise medicine specialist, with first treatments expected to commence in late 2014.
Blackham's latest infill and extensional drilling results from Galaxy indicate that two pits may eventually link when drilling is completed. Galaxy is just 13kms from the company's WGP plant. Studies suggested the deposits high grade resource is an attractive feed for re-commissioning of the plant.
Bauxite Resource and BAJV are planning further environmental and development studies over the coming months on both the Felicitas deposit and the adjoining 100% BRL Fortuna deposit. This will assist commercialisation of these resources to supply the projected market shortages of both bauxite and alumina over the coming years.
Pacific Niugini has delivered up to 149.17g/t gold from the latest diamond drilling at the Nicolsons Gold Mine near Halls Creek in Western Australia. The company is looking to re-commence mining and ore processing.
The funding from well connected WAFA Mining & Petroleum for the advanced Legleitat Mauritanian iron ore deposit demonstrates that projects with potential low operating and production costs will still gain funding.
The acquisition and $10 million capital raising ($5M - RCF) represents global commodities trader, the Gunvor Group's first investment in iron ore and first in Australia. It was also struck at a premium to prevailing Ascot share price. Wonmunna is adjacent to leading iron ore producers in the Pilbara and existing infrastructure.
The software allows a user to chat with another user, irrespective of which chat app they use. e.g. A user with WhatsApp or Skype is able to chat with a user who has Viber. Part funded by Google Ventures, Chat Center will look to monetise the application almost immediately.
Today's resource upgrade at the Bennet Well uranium project is just the beginning, with the company planning to drill in excess of 100 holes to define in situ leach characteristics. Metallurgical studies on core show uranium recoveries of 94%-96%, which places the project squarely on the development pathway.
The transformation of Carbon Energy to become a major gas supplier in Queensland has stepped up, as it notches the fifth largest reserves of Proved and Probable (2P) gas in Queensland. Carbon Energy is in discussions with potential industrial off-take partners.