Softer Chinese manufacturing data has hit Australian stocks though the All Ords still managed a 0.09% gain to 5,634 points. The Shanghai Stock Exchange Composite Index is down 0.7% to 2,224.46 points while in pre-open markets the Dow Mini is up 2 points to 16,952.
The fascinating prospects of its ceramic proppants for use in the hydraulic fracturing of unconventional oil and gas wells gives executive director Siegfried Konig much to discuss at the Melbourne Investor Luncheon.
The rapid growth in the adoption of SomnoMed’s sleep apnea products in Europe as well as completion of its U.S. medical initiative are expected to help drive earnings growth in the 2015 financial year. EBITA is forecast at $2 million to $4 million on revenues of $32.5 million. Shares are expected to move higher today.
The collaboration agreement on the development and manufacture of new stem cell products includes fast-tracking production of Regeneus’ Progenza human osteoarthritis stem cell treatment for preclinical and clinical trials that will enable market entry into Japan.
Rio Tinto partially drill tested the northern belt at Ilo Este back in 2000 but only reached a maximum depth of 200 metres. Latin will commence drilling at Ilo Este which is a significant Copper-Gold Porphyry system with recent rock chip and soil samples showing high anomalous values of up to 8.4%. Let the drilling begin.
With over a dozen potential customers in the final stages of the development cycle and further orders for its specialty chemicals expected soon for full production runs, Alexium’s commercial transition is progressing rapidly.
Net profit for 2013/2014 is expected to be circa $3.5 million before tax. The Company has not raised any equity over the last 3 years and has nil debt. Drilling and development of up to 3 wells will proceed over the coming 12 months without a need for a fresh capital raising. Has Grand Gulf Energy slipped under investor radars?
Mining Projects Group has finalised a 5000 metre nickel diamond drilling program at Roe Hills near Kalgoorlie, which can be extended to 10,000 metres and is fully funded. This includes Newexco’s concurrent geophysical down hole EM survey work.
With the majority of patients from the HiQCell® clinical research study reporting a significant reduction in pain at the two year post-treatment mark and the successful storage of cells for repeat injections, this is a significant finding for use of Regeneus' cell therapy to treat joint pain.
Legend Mining's Fraser Range project is considered prospective for Nova style nickel-copper and Tropicana style gold mineralisation. A MLEM survey has now commenced. Mark Creasy is the largest shareholder with around 25%.
MRL Corporation has dialled in to a new graphite project with a mining licence and a path to production and cashflow. Historical records indicate that the graphite was DSO quality. MRL's shares are expected to trade higher.
Geochemical surveys have identified a further four significant high tenor nickel in soil anomalies with up to 1426ppm nickel at White Cliff Minerals’ Merolia Nickel and Copper project in Western Australia. Low cost rotary air blast drilling and geophysical surveys will be carried out soon to define EM conductors for drilling later this year.