Ferrum Crescent increased 100% to $0.002 on release of a maiden lead-zinc-silver resource estimate while Vivid was up almost 69% to $0.076.
Positive net operating cash flow
Vivid released its quarterly cash flow report which showed positive net operating cash flow of $2.4 million for the December quarter.
The net operating cash flow for the six months to 31 December 2017 was positive and the group finished the year with cash on hand of $3.9 million.
After cash receipts increased 192% to $4.8 million, the company’s outlook also looks positive with growth in its order book and success of its move to ‘Industry 4.0’.
This involves merging of data, communication, analytics and algorithms to improve operational performance and efficiencies across customers’ businesses.
Vivid’s increase occurred under volumes in excess of 14 million, which eclipsed the previous 12 month record shares traded in a day of less than 2 million.
Maiden resource estimate for Toral project
Ferrum Crescent announced a resource estimate of 16 million tonnes at 6.9% zinc equivalent for the Toral project in Spain.
This includes 670,000 tonnes of zinc, 540,000 tonne of lead and 13 million ounces of silver.
|Ferrum Crescent Ltd||FCR||$0.002||100%||26,846,146|
|Vivid Technology Ltd||VIV||$0.076||68.89%||14,391,180|
|White Cliff Minerals Ltd||WCN||$0.004||33.33%||70,085,221|
|K2 Energy Ltd||KTE||$0.014||27.27%||95,000|
|Tinybeans Group Ltd||TNY||$0.700||20.69%||115,626|
|Legacy Iron Ore Ltd||LCY||$0.007||16.67%||26,000|
|Winmar Resources Ltd||WFE||$0.007||16.67%||1,503,000|