Proactiveinvestors Australia Proactive Investors Australia Proactiveinvestors Australia Proactive Investors Australia RSS feed en Thu, 21 Mar 2019 16:55:43 +1100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[Media files - Bulls, Bears and Brokers: Alto Capital's Tony Locantro on backfoot investing opportunities ]]> Wed, 20 Mar 2019 23:10:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Davide Bosio on recent developments in iron ore ]]> Tue, 19 Mar 2019 01:27:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro sees biotech opportunities but not for property ]]> Thu, 14 Mar 2019 20:04:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Martin Place Securities' Barry Dawes talks leadership in resources ]]> Thu, 14 Mar 2019 19:09:00 +1100 <![CDATA[News - Technologies in spotlight at TechKnow Invest Roadshow ]]> Australian technology is among the best in the world in many sectors, including mining and biotech, and is attracting increasing interest from investors.

Next week’s TechKnow Invest Roadshow will showcase technology from almost 20 Australian companies to investors in Sydney and Melbourne.

Organiser Vertical Events expects around 600 investors will attend the TechKnow series with the Sydney event on Tuesday, March 19, and the Melbourne event on Thursday, March 21.

The TechKnow series began in 2015 and next week will represent the eighth series.

READ: Altech Chemicals continues to progress stage 1 construction at HPA project site in Malaysia

Among the presenters will be Altech Chemicals Ltd (ASX:ATC), which aims to become one of the world's leading producers of 99.99% (4N) high purity alumina (HPA).

To achieve this the company is constructing a 4,500 tonnes per annum HPA plant at Tanjung Langsat Industrial Complex, Johor, Malaysia.

Feedstock for the plant will be sourced from Altech’s kaolin deposit at Meckering in Western Australia.

HPA is a high-value, high margin and highly in-demand product.

It is the critical ingredient required for production of synthetic sapphire used in the manufacture of substrates for LEDs; semiconductor wafers in the electronics industry; and scratch-resistant sapphire glass for wristwatch faces, optical windows and smartphone components.

An emerging HPA use is as a coating for lithium-ion battery separators.

READ: engage:BDR’s influencer marketing platform to drive ASHLEYlauren prom dress sales

Another presenter will be engage:BDR Ltd (ASX:EN1), a technology company operating in Australia and the United States.

Founded by executives from pioneering internet companies myspace and LowerMyBills, the company develops innovative solutions for advertisers, including brands and agencies, as well as content owners.

Their holistic offering spans display and video advertising across devices, and their influencer marketing platform, IconicReach, has been featured in publications including Forbes, Digiday, Ad Age and Entrepreneur.

Zip Co Ltd (ASX:Z1P) is in the digital retail finance and payments industry with its products, Zip Pay, Zip Money and Pocketbook.

It offers point-of-sale credit and digital payment services to the retail, education, health and travel industries.

Zip’s platform is entirely digital and leverages big data in its proprietary fraud and credit decisioning technology to deliver real-time consumer solutions.

READ: First Graphene releases commercial range of graphene products

First Graphene Ltd (ASX:FGR), a leader in the commercialisation of graphene into industry, is another TechKnow presenter in Sydney and Melbourne.

The company has a robust manufacturing and delivery platform which produces a high-quality graphene material.

This advanced material is being commercialised out of the company’s WA facility for use in end-user market verticals.

Other presentations

Other presenting companies in Sydney and Melbourne are Alcidion Group Ltd (ASX:ALC), Amaero International, AML Technologies, ClearVue Technologies Ltd (ASX:CPV), CV Check Ltd (ASX:CV1), idenitii Ltd (ASX:ID8), Jelix Ventures, NeuroScientific Biopharmaceuticals Ltd (ASX:NSB), PainChek Ltd (ASX:PCK), Red Piranha, ResApp Health Ltd (ASX:RAP), Revasum Inc (ASX:RVS), Shekel Brainweigh Ltd (ASX:SBW), Skyfii Ltd (ASX:SKF) and Tinybeans Group Ltd (ASX:TNY).

For information and registrations visit

Wed, 13 Mar 2019 10:48:00 +1100
<![CDATA[Media files - Proactive Morning Update - Tuesday 12th March ]]> Tue, 12 Mar 2019 10:07:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Davide Bosio on another busy week of corporate activity ]]> Mon, 11 Mar 2019 13:59:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro makes near term predictions ]]> Fri, 08 Mar 2019 14:59:00 +1100 <![CDATA[News - International Women’s Day highlights need for economic equality and women on company boards ]]> The latest Financy Women’s Index has demonstrated that economic or financial equality is unlikely to be achieved until at least 2031, despite women making record progress in the current quarter.

The Women’s Index, which measures the economic progress of Australian women on a quarterly basis, rose 1.9 points to 122.7 points in the March quarter, up from a revised 120.8 points in December 2018.

The result reflects the fastest pace of women’s quarterly progress in two years, helped by record female fulltime employment, workforce participation, improved educational enrolments and earnings growth relative to men as shown in a record low of the gender pay gap.

However, when the March result is compared against the aspirational guide on economic equality, the FWX progress target of 161.6 points, it shows that women are 34% short or 12 years away from achieving financial equality.

Financy is dedicated to improving the economic well-being of Australian women.



Founder of the Financy Women’s Index Bianca Hartge-Hazelman said: “We still have too many Australian women unable to realise their economic potential.

“Surprisingly, in a time of rising employment there are women who are still underpaid, and underemployment is worse than a decade ago.

“Employers and policy makers need to do more to support women in addressing the many challenges that continue to hold back financial progress.”



More board diversity needed

Ellex Medical Lasers Limited’s (ASX:ELX) company secretary and chief financial officer Maria Maieli said although the Australian financial industry had come a long way with promoting diversity on boards, corporations needed to continue to be vigilant with board diversity.

“Diverse skills do make for successful listed companies,” she said.

“Ellex has a strong focus on employment through merit which is why we have been able to grow such an internationally successful company and maintain a reputation for excellence in the wellness field.”



Men named Andrew 27% more likely to hold CEO position

Analysis by workplace expert Conrad Liveris shows that 11 ASX200 companies have female chief executive officers, down from 12 in 2018 with men named Andrew 27% more likely to hold the position than women.

The 2019 Gender Equality at Work report used ASX declarations, data from the federal government’s Workplace Gender Equality Agency and the ABS to highlight the challenges surrounding gender diversity.

The report found that 14 companies are chaired by women, up from 10 in 2017 and the average ASX200 executive group is 22.25% female, with an average of two women and seven men.

“Stay engaged in the workforce”

Onevue Holdings Ltd’s (ASX:OVH) chief executive officer Connie McKeage said more needed to be done to support women who wanted to work, particularly those with children or caring for loved ones.

“I would encourage all employed persons considering starting a family, or who have started a family to stay engaged in the workforce.

“There is no reason these employees cannot be invited to log into staff updates and key presentations so that they continue to feel like a valuable team member.”

Financial and Insurance Services and Health Care and Social Assistance, which is the most female dominated industry, continue to be the worst performing industries for the gender pay gap, which rose by 0.2 percentage points to 26.9% and 0.8 percentage points to 25.8% respectively in November.

Fri, 08 Mar 2019 14:02:00 +1100
<![CDATA[Media files - Proactive Morning Update - Friday 8th March ]]> Fri, 08 Mar 2019 11:42:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Barry Dawes on the future of industrial metals ]]> Wed, 06 Mar 2019 11:23:00 +1100 <![CDATA[Media files - Proactive Morning Update - Wednesday 6th March ]]> Wed, 06 Mar 2019 10:03:00 +1100 <![CDATA[News - Signs point to continuing strong performance by Australia’s mining industry ]]> There are signs that Australia’s mining industry is performing strongly with exploration spend increasing, mineral exports rising and investment attractiveness on the way up.

It is a trend mirrored around the world as evidenced by the optimism displayed at last month’s annual Investing in African Mining Indaba in South Africa and this week’s PDAC in Toronto, Canada.

READ: Exploration core foundation of mining industry’s future: RIU Explorers Conference

This was also very evident at the RIU Explorers Conference in Fremantle in late February.

S&P Global Market Intelligence’s World Exploration Trends 2018 report shows that global exploration budgets in 2018 increased by 19% to US$10.1 billion with a further 5-10% rise expected in 2019.

Australia up one place

Latin America topped the regions with exploration spend accounting for 28% of the global total while ‘rest of the world’ covering Europe and Asia was second with 17% and Canada was third with 15%.

Australia had 14% and increased one place above Africa.

Companies domiciled in Australia were the second biggest spenders on exploration in 2018, up 20% to $1.71 billion, behind Canadian companies whose allocation rose 34% to $3.52 billion.

Gold is biggest source

Gold was the biggest source of exploration expenditure in Australia with 56% while base metals were up to 27% from 21%.

Geoscience Australia’s latest edition of Australia’s Identified Mineral Resources (AIMR) shows that mineral exports in 2017 earned the nation $179 billion.

Exports up 19% in 2017

In launching AIMR, Minister for Resources and Northern Australia Matt Canavan said: “After growing significantly in 2016, export earnings grew a further 19% in 2017.”

He said major commodities such as iron ore, coal, gold, aluminium and copper contributed $157 billion of the total.

“We know that mineral resources have been a mainstay of our economy for many years and the latest AIMR figures confirm the sector is still essential to Australia’s growth,” the Minister said.

“One of this year’s insights was an increase to the long-term potential for platinum group elements, critical for industrial applications across the globe. This shows companies could benefit from further investment in the capture of critical minerals.

“Also putting us in a good position in the global market is that Australia holds the largest identified resources of nine valuable commodities, including gold, iron ore, zircon and zinc.”

Canavan continued: “While our most recent figures remain positive, AIMR also shows that continued investment in Australian resources is key to our industry remaining a leader in the global market.

“With over 300 operating mines producing 26 major and minor mineral commodities, Australia remains one of the best locations for investing in mineral resources,” he said.

Fraser survey shows improvement

Meantime, the Fraser Institute’s Annual Survey of Mining Companies shows improvement in the investment attractiveness of a number of Australian mining regions.

Western Australia was second of 83 regions in the Investment Attractiveness Index, up from fifth in the previous survey and behind top place newcomer Nevada.

Fraser Institute regional median Investment Attractiveness scores 2017 and 2018.

The state was fifth in the Policy Perception Index behind Saskatchewan, Nevada, Finland and Ireland, up from 17th in 2017.

In the Investment index, Queensland was at 13, down one place from the 2017 result, while Northern Territory moved to 23 from 27, South Australia dropped to 24 from 14, NSW rose to 42 from 46, Victoria was up to 54 from 71 and Tasmania fell to 55 from 50.

The Policy index saw South Australia improve four places to 22, Queensland was stable at 31 as was Tasmania at 32, Northern Territory dropped eight places to 41, Victoria rose nine places to 43 and NSW was six places better in 47.

Fraser Institute regional median Policy Perception Index scores for 2017 and 2018.

The Fraser survey showed that Australia still has some work to do in terms of permitting times for exploration with all jurisdictions performing poorly compared to those in Canada.

Fraser Institute permitting times for mining exploration.

Wed, 06 Mar 2019 08:30:00 +1100
<![CDATA[Media files - Proactive Morning Update - Tuesday 5th March ]]> Tue, 05 Mar 2019 11:19:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Bosio sees strong active markets despite global political events ]]> Mon, 04 Mar 2019 12:00:00 +1100 <![CDATA[Media files - Proactive Morning Update - Monday 4th March ]]> Mon, 04 Mar 2019 10:02:00 +1100 <![CDATA[Media files - Accelerate Your Wealth: Dale Gillham details the steps to being a successful trader ]]> Fri, 01 Mar 2019 16:11:00 +1100 <![CDATA[Media files - L2 Capital's Marcelo Lopez talks all things uranium ]]> Fri, 01 Mar 2019 15:46:00 +1100 <![CDATA[Media files - Proactive Morning Update - Friday 1st March ]]> Fri, 01 Mar 2019 11:54:00 +1100 <![CDATA[Media files - Proactive Morning Update - Thursday 28th February ]]> Thu, 28 Feb 2019 11:46:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Martin Place Securities' Barry Dawes talks copper ]]> Wed, 27 Feb 2019 12:08:00 +1100 <![CDATA[Media files - Proactive Morning Update - Wednesday 27th February ]]> Wed, 27 Feb 2019 09:32:00 +1100 <![CDATA[News - Alto Metals appoints Matthew Bowles as non-executive director ]]> Alto Metals Ltd (ASX:AME) has appointed Matthew Bowles a non-executive director of the company following the resignation of executive director Dermot Ryan.

Bowles is a senior corporate finance executive with extensive corporate advisory, private equity and capital markets experience in the resource sector.

Ryan’s resignation is effective immediately and he has agreed to assist the company on a consultancy basis as requested.

Alto has also removed Patrick Holywell from the position of chief financial officer and company secretary as announced February 18, appointing Graeme Smith as company secretary.  


Beginning his career with Rio Tinto, Bowles worked in several corporate and commercial roles for nine years before moving to London to work in banking and finance.

He has successfully negotiated domestic and cross-border corporate funding, joint venture and M&A transactions for ASX-listed companies in Africa, the Americas and Australia.

Since returning to Australia, he has held senior roles in global advisory firms with a focus on the resources sector.

Bowles is a member of CPA Australia and the Financial Services Institute of Australasia, holds a bachelor of business and is currently the chief executive officer of Tanga Resources Ltd (ASX:TRL).

READ: Alto Metals’ historical drilling data confirms high-grade gold at Sandstone North

Alto holds about 800 square kilometres of prospective ground in the Archaean Sandstone Goldfield in the East Murchison mineral field of WA.

Since acquiring the project in 2016, the company has compiled and reviewed a large legacy database ahead of a series of focused exploration and drilling campaigns.

Alto’s goal is the delineation of a plus-1 million-ounce JORC mineral resource that could become the basis for the re-establishment of standalone oxide and primary gold mining and milling operations.

Tue, 26 Feb 2019 19:44:00 +1100
<![CDATA[Media files - Proactive Morning Update - Tuesday 26th February ]]> Tue, 26 Feb 2019 09:30:00 +1100 <![CDATA[News - Reporting season: AIS and SOR ]]> Aeris Resources Ltd (ASX:AIS) and Strategic Elements Ltd (ASX:SOR) are among many companies posting their December half-year results to the market today.

New South Wales copper, gold and silver producer Aeris reported a $5.3 million gross profit.

BIG PICTURE: Aeris Resources is a copper producer with multiple growth opportunities

Aeris’ December 2018 half-year gross profit was a $5.9 million, or 52%, decline on the December 2017 half-year.

The decline prompted a $3.8 million, or 57%, increase in net loss after tax to $10.5 million when compared to the prior period.


During the December half, copper tonnes produced at the Tritton Copper Operations increased by 1,041 tonnes, or 9%, to 13,268 tonnes, when compared to the December 2017 half.

The Tritton and Murrawombie underground mines performed ahead of plan in the December half, with full-year copper production guidance for Tritton remaining at 24,500 tonnes.


Aeris hopes to achieve the guidance at a net direct (C1) cash cost of between $2.75 and $2.90 a pound.

Copper prices are approaching an eight-month high at yesterday’s LME closing price of $US6,480 a tonne (US$2.94 a pound or $4.11 a pound).

Reporting Season: ANN starting to run, SIQ continues to fall

Ore processed during the December half increased by 34,586 tonnes, or 4%, to 828,796 tonnes when compared to the prior corresponding period.

Total equity was increased by $104.36 million, or 44%, to $79.1 million when compared to the June 2018 half-year.

Reporting Season: MPL, DHG, PPE, JIN winners & WHC, LNK, BBN losers

Net tangible assets per share increased by 3.6 cents to 14.4 cents by 31 December 31, when compared to the June 30 value per share.

As with the June half, Aeris’ directors opted not to pay a dividend for the December half.

Reporting Season: BRG, CWY, NGI, GMG, MFG, TGR results applauded by investors

The company raised $35.096 million for its efforts during the period to end with $17 million cash.

It paid down a significant proportion of senior debt with its cap raises and plans to use funds to accelerate Tritton development.

Reporting season has stocks making sharp moves – CGF, MQG, PGH, TCL, SUL

Aeris also plans to put funds towards the advancement of its 70%-held Torrens joint venture copper project in South Australia near Oz Minerals Limited (ASX:OZL) and BHP Billiton Limited (ASX:BHP) operations.

JV partner Argonaut Resources NL (ASX:ARE) holds the remaining 30% of the Torrens Copper Project (EL5614) joint venture.

Strategic Elements increases revenues by 99%

Strategic Elements Ltd also posted its half-year results, reporting a $437,000, or 99%, increase in revenue to $500,000 when compared to the December 2017 half-year.

The Western Australian company has an Internet of Things data ink along with Pilbara ground prospective for conglomerate gold.

The ground lies near ground controlled by well-known prospector Mark Creasy, on land Novo Resources Corp (TSX-V:NVO) (CVE:NVO) (FRA:1NO) (OTCMKTS:NSRPF) tried to grab last year.

DEEP DIVE: Strategic Elements continues to advance dual focus on IoT and resources

Subiaco-based Strategic Elements increased net losses after tax by $358,000, or 38%, to $1.3 million when compared to the previous corresponding period.

Net tangible assets per security declined by 0.63 cents per security to 1.12 cents each in the December half-year, when compared to the December 2017 half.

Strategic Elements opted not to pay a dividend in the December 2018 half-year and ended the period with $3 million cash.

Mon, 25 Feb 2019 22:30:00 +1100
<![CDATA[Media files - Bulls, Bears & Brokers: DJ Carmichael's Bosio discusses dividends and buybacks ]]> Mon, 25 Feb 2019 10:50:00 +1100 <![CDATA[Media files - Proactive Morning Update - Monday 25th February ]]> Mon, 25 Feb 2019 10:00:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Alto Capital's Tony Locantro updates on resources & housing ]]> Fri, 22 Feb 2019 14:37:00 +1100 <![CDATA[Media files - Accelerate Your Wealth: Dale Gillham educates on behavioural finance ]]> Fri, 22 Feb 2019 13:27:00 +1100 <![CDATA[News - Lithium Mine to Market conference highlights WA’s comparative advantage in battery metals ]]> The Lithium Mine to Market 2019 conference which began today in Perth highlighted Western Australia’s role and comparative advantage in the global lithium supply chain, with presentations from government, analysts and producers.

Opening sessions at the Parmelia Hilton were packed out, reflecting the interest and potential surrounding lithium extraction and processing in WA.

READ: Lithium Mine to Market conference in Perth this week to put spotlight on lithium industry

Following opening remarks from Roskill managing director and a welcome address from the WA Minister for Mines the Hon Bill Johnston, the conference keynote session began with a presentation from Mark Cully, chief economist of the Australian Government.

Cully gave a broad outlook on the Australian lithium industry, pointing out that Australia was like the periodic table in terms of the different minerals it hosts and produces.

This advantage was reflected by the WA Government’s chief scientist Professor Peter Klinken, who noted several other advantages WA has including:

The capacity to value-add to its extracted minerals through existing technology and infrastructure; and

Ethical and sustainable mining methods.

The number of development-ready projects, as well as the level of innovation seen in the industry, also give WA a boon towards developing a “lithium valley”-style processing hub in the state.

  READ: Lithium outlook uncertain amid growing demand, oversupply and potential disruptive technologies

Klinken said that the shift towards downstream processing in the state had already begun and would accelerate as battery metals become more ubiquitous and the benefits to WA are demonstrated.

The state government’s chief scientific advisor highlighted the unique nature of this shift to WA’s economy, noting that in Western Australia “we do rocks, we do crops” and value-added processing would be a new feature to the state’s mineral extraction industry.

He said that an increase in competitiveness and an expanded range of extraction and processing techniques would further ease industry development and entice investment into the sector.

Perth a potential new energy hub

After Cully’s presentation, Tianqi Lithium general manager Phil Thick spoke about the Chinese company’s operations in Western Australia, where lithium from the Greenbushes mine will be processed into lithium hydroxide at a facility in Kwinana.

Thick said Western Australia was ideally suited to further value-adding in the lithium supply chain, with nearly half of global lithium extraction occurring in the state and Asian end-users geographically proximate.

Speaking on Tianqi’s operational costs, Thick noted that the company’s energy costs were in line with operations within China, adding to WA’s attractiveness as a downstream processing hub.

  Supporting a battery metals industry in WA

After lunch, the third session of the day was opened by AMEC chief executive officer Warren Pearce who presented on policy risks and opportunities in the lithium value chain.

A report released by AMEC last year noted WA’s advantageous position in the lithium chain and that it produces all other minerals necessary to domestically manufacture batteries.

The report, titled ‘The Path Forward: Supporting the development of a lithium and battery metals industry in Western Australia’, points out that the current $165-billion global lithium value chain will grow to a conservatively estimated $2 trillion by 2025.

Australia stands to capture $10 billion of this without government and industry collaboration, however, a concerted effort to add one step of electro-chemical processing to the value chain would give Australia a further share of $297 billion.

AMEC’s research showed that 89% of global electro-chemical processing occurs in China but that Australia could compete on both cost and quality of products.

Source: WA Chamber of Commerce and Industry

  Recent sector developments

Company presentations Thursday afternoon included Pilbara Minerals Ltd (ASX:PLS) managing director & CEO Ken Brinsden, Core Lithium Ltd (ASX:CXO) managing director Stephen Biggins and Lepidico Ltd (ASX:LPD) managing director Joe Walsh.

Brinsden spoke on the costs and risks associated with lithium processing utilising experiences from the company’s Pilgangoora Lithium-Tantalum Project, 120 kilometres from Port Hedland.

Pilgangoora went from its first drill hole to production in just four years and production is now being expanded by 800,000-850,000 tonnes.

A 3D overlay of plans for stage II at Pilgangoora

  READ: Core Lithium boosts Finniss resource to 86 million tonnes with initial Hang Gong estimate

Stephen Biggins’ presentation focused on processing and battery manufacturing in the NT, where Core Lithium is developing its Finniss Lithium Project.

The company completed a pre-feasibility study for Finniss in June 2018, indicating the project would be a low-capex lithium concentrate operation with globally competitive cash costs, high operating margins and rapid capital payback.

The Grants deposit is expected to generate a net present value of $140 million pre-tax with an internal rate of return of 142% at an average concentrate price of US$649 a tonne.

Lepidico manager Joe Walsh gave a talk on the company’s L-Max technology and the production of battery grade lithium.

Lepidico is constructing a pilot plant in Perth with commissioning expected in April 2019, with the overall objective of developing a sustainable, fully-integrated lithium business from mine to battery-grade lithium chemical production.

Fri, 22 Feb 2019 02:19:00 +1100
<![CDATA[News - Exploration core foundation of mining industry’s future: RIU Explorers Conference ]]> Exploration is the core foundation for the future of mining and it is encouraging that there is a much better mood in the exploration sector, delegates to the RIU Explorers Conference in Fremantle were told yesterday.

Spending on exploration increased in 2018 driven by the top end of town, but junior explorers are also playing an important role in the process, said BDO partner, corporate finance Adam Myers.

READ: RIU Explorers Conference reflects growing interest in resources sector

In his presentation ‘Exploration – Looking Forward’, Myers said juniors were investing in exploration because they had improved cash balances.

“2018 was a much better year for exploration and we are expecting  decent start to 2019.”

“With the amount of exploration being carried out, the industry expects that the next big discovery is due,” he said.

The packed auditorium at the RIU Explorers Conference in Fremantle.

Gold sees biggest inflow

Gold was seeing the biggest inflow of exploration expenditure, closely followed by oil & gas, Myers said. Then followed graphite, nickel, iron ore, zinc, coal and lithium.

Existing projects were attracting most of the exploration spending but he said that there was a need for more commitment to greenfields work.

READ: RIU Explorers Conference has packed program of presenters

Myers explained that one trend that would continue to drive exploration into the future was data-driven merger and acquisition activity, which was becoming increasingly apparent in recent months.

Technology can lead to exploration efficiency

Another was the development of better exploration technology, inclusive of richer datasets, greater downhole information and improved assay efficiency and guidelines.

“It is becoming very apparent that there is a need to drive more effective use of exploration funds and these trends would help facilitate this.”

The conference has attracted record exhibitor numbers.

He said evidence of the increased focus on putting holes in the ground and the desire to specialise on a specific metal of expertise was the number of spin-outs.

Recent examples were Norwest Minerals Ltd (ASX:NWM) and Saturn Metals Ltd (ASX:STN) with a number also on the cards, including Metal Range Limited.

Challenges to growth

The BDO partner stated that challenges facing continued growth in exploration were international competition, a crowded market, the changing landscape of Australia’s economy reflecting a need to diversify away from mining and access to talent.

There was also a need for more industry-wide collaboration to drive more efficient and successful exploration into the future.

This process could be facilitated by government assistance such as that offered in Western Australia, Myers added.

The RIU Explorers Conference winds up this afternoon after attracting record numbers of presenters, exhibitors and delegates.

Thu, 21 Feb 2019 14:32:00 +1100
<![CDATA[News - Reporting Season: AX1, CCL, WEB, IRE, MOC, MWY, QUB, FLT, MSB, STO, ILU , IDX, IFN, QAN, NEC, MYO, EVT, GOZ, MIN, SGR, 3PL, ORG, PPT, WES, SYD, VVR ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) goes into another heavy reporting day with no lead from the US as the S&P 500 Index closed up 0.18% to 2,784.7.

One of the bigger reporting days again today with around 40 high-profile ASX companies expected to release their December half year results.

The largest ASX company by market cap reporting today is conglomerate Wesfarmers Ltd (ASX:WES), which ranks about 10th on the list.

Other large-cap companies include Sydney Airport Holdings (ASX:SYD), oil and gas company Santos Ltd (ASX:STO), Origin Energy Ltd (ASX:ORG) and Qantas Airways Ltd (ASX:QAN).

LOV, CTD, EHL, BIN, NWH yesterday's biggest winners


Morning Report 21 Feb 19: Wall St sees choppy trade after release of Fed minutes

— CommSec (@CommSec) February 20, 2019



Thu, 21 Feb 2019 08:08:00 +1100
<![CDATA[News - RIU Explorers Conference reflects growing interest in resources sector ]]> The RIU Explorers Conference in Fremantle is reflecting growing interest in the resources sector with the conference hall packed for most sessions and exhibitors reporting strong interest in their exploration efforts.

Into its second afternoon, the annual event is setting new standards with record presenters and exhibitors while organisers estimate more than 1,000 delegates have already visited.

All of the 70-plus exhibitors are pleased with the response with many stating that the interest in their projects has been genuine.

READ: RIU Explorers Conference has packed program of presenters

The presentations have also drawn strong interest with standing room only in the conference hall for the opening speakers on days one and two and not too many spare seats for other presenters.

Of particular interest on day one was the presentation from Hot Chili Ltd (ASX:HCH) managing director Christian Easterday about the company-transforming Cortadera copper project acquisition in Chile.

This morning the presentation from Gold Road Resources Ltd (ASX:GOR) exploration manager Julian Woodcock also proved popular as he outlined the company’s rapidly advancing Gruyere gold development.

“Exciting” year for resources

In his opening address today, Patersons Securities Ltd resources analyst Xavier Braud forecast an “exciting’’ year for the resources sector.

He said this would be underpinned by strong fundamentals for key metals along with rising gold prices.

The fundamentals include declining LME stockpiles, increasing demand for base metals, an Australian dollar that was unlikely to strengthen significantly and the continuing green revolution.

He was particularly upbeat about cobalt ahead of lithium, especially in terms of the supply side with lithium being more readily available as opposed to the DRC and by-product dominated cobalt market.

Exploration is key

Braud said demand for both key battery metals would continue to strengthen with cobalt demand tipped to double by 2022 while copper would also benefit from the green revolution.

Exploration is key to maintaining this momentum, he said, with positive signs on that front owing to increasing amounts being spent.

READ: RIU Explorers Conference already setting records two weeks out

In another keynote address today ANZ senior commodity strategist Daniel Hynes was positive about the outlook for commodity markets despite “blustery winds” which have seen slowing global economic growth.

In 2017 and 2018 annual growth averaged 4% and this year, he said, it was expected to slow to 3.7%.

China major influence

He referenced China as the major influence on commodity markets, stating that the new economy in China was taking over from the old, which resulted in changing commodity demand.

Hynes said the IT sector was a major contributor to GDP and its influence was increasing, which resulted in demand for different metals than previously, including base and battery metals.

“China is a core part of global electronic supply chains and increasingly exports are tied to the prospects of gadgets.”

He said indicative of the re-engineered new economy was that credit intensive growth was not welcome anymore while another Chinese factor shaping commodity demand was the ongoing focus on air quality.

The event continues today.

For information about the conference, including the program visit -

Wed, 20 Feb 2019 18:42:00 +1100
<![CDATA[Media files - Bulls, Bears & Brokers: what the markets are telling Barry Dawes ]]> Wed, 20 Feb 2019 10:53:00 +1100 <![CDATA[News - Reporting Season: BHP, A2M, CTD, WOR, SBM, APA, SGP, DMP, CQR, WSA, SHL, MMS, FMG, CWN, WTC, WOW, LOV, SCG ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) doesn't have much of a lead from the US markets heading into today after the S&P 500 Index closed up 0.15% to 2,779.7.

Financial reports from nearly 30 high-profile ASX companies are expected to be released today including the ASX's second largest company BHP Group Ltd (ASX:BHP) which released its report yesterday after-market.

Two other top-20 ASX companies being judged today by investors on their December half performance are Woolworths Group Ltd (ASX:WOW) and REIT shopping centre manager Scentre Group (ASX:SCG).

A2M, CTD, DMP, SHL, MMS, WTC, LOV tipped to be volatile

A number of mid-cap stocks are going under the magnifying glass today and are expected to be volatile.

These companies may follow the lead from Blackmores Limited (ASX:BKL) and Altium Limited (ASX:ALU).

Health supplements brand Blackmores was crucified by investors for not meeting growth expectations finishing yesterday down 24.8% to $92.86.

Alternatively, software designer Altium surpassed investor expectations and finished yesterday up 20.3% to $32.56.

READ: Blackmores result disappoints, shares trade down as much as 35%

Morning Report - US markets lift on trade hopes

— CommSec (@CommSec) February 19, 2019 ]]>
Wed, 20 Feb 2019 08:15:00 +1100
<![CDATA[News - Reporting Season: ANN starting to run, SIQ continues to fall ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) opened strongly this morning reaching an intraday high of  6,115.7 or up 0.8% early but has since come off to 6,086.8 (+0.3%) around lunch.

As earnings season continues with a number of companies reporting today, Bank of Queensland Ltd (ASX:BOQ) and Bingo Industries Ltd (ASX:BIN) have attempted to steal the show with downgrades to their outlooks.

Waste Management company BIN has been crucified by investors, trading down 45% at midday to $1.25, after downgrading EBITDA growth to flat (no growth) for FY19 from EBITDA growth of 15-20%.

Similarly, BOQ is down 6.6% to $9.29 at lunch after it revealed cash earnings for its half-year (which ends 28 February 2019) are expected to be lower than the prior corresponding period.

ANN, GWA, IMD, NWL, RHP trading up early

Ansell Ltd (ASX:ANN), which manufactures protective industrial and medical gloves and condoms, is one of today's biggest winners trading up 3.3% to $25.02 during the mid-session.

GWA Group Ltd (ASX:GWA) is up 5.0%, Imdex Limited (ASX:IMD) is up 0.8%, Netwealth Group Ltd (ASX:NWL) is up 2.0% and Rhipe Ltd (ASX:RHP) is up 7.7%.

BXB, HLO, ISU, NHF, SIQ trading down early

Mid-Session 18 Feb 19: Shares lift on US-China trade hopes

— CommSec (@CommSec) February 18, 2019


FRIDAY: Reporting Season: MPL, DHG, PPE, JIN winners & WHC, LNK, BBN losers ]]>
Mon, 18 Feb 2019 12:24:00 +1100
<![CDATA[Media files - Bulls, Bears & Brokers: Davide Bosio updates on action in energy, gold and fintech ]]> Mon, 18 Feb 2019 11:20:00 +1100 <![CDATA[News - Lithium Mine to Market conference in Perth this week to put spotlight on lithium industry ]]> Lithium-focused companies and investors will flock to the Parmelia Hilton in Perth this week for the inaugural Lithium Mine to Market conference starting Thursday February 21.

The conference offers an insight into the lithium supply chain, bringing together a roster of expert speakers to discuss supply and market outlooks within the sector.

Western Australia is the world’s leading producer of lithium, producing 44% of world supply in 2017 from its seven operating lithium mines.

The sector has recently begun to focus on lithium chemical production as an added-value step in the supply chains beginning from Western Australian lithium mines.

The WA state government has supported the initiative, expressing its desire to have value-added downstream processing occur in a proposed processing hub in Kwinana’s industrial area.

Supporting a battery metals industry in WA

A report released by AMEC last year noted WA’s advantageous position in the lithium chain and that it produces all other minerals necessary to domestically manufacture batteries.

The report, titled ‘The Path Forward: Supporting the development of a lithium and battery metals industry in Western Australia’, points out that the current $165-billion global lithium value chain will grow to a conservatively estimated $2 trillion by 2025.

Australia stands to capture $10 billion of this without government and industry collaboration, however, a concerted effort to add one step of electro-chemical processing to the value chain would give Australia a further share of $297 billion.

AMEC’s research showed that 89% of global electro-chemical processing occurs in China but that Australia could compete on both cost and quality of products.

Source: WA Chamber of Commerce and Industry

  Recent sector developments

Since 2017, investment in lithium mining and downstream processing in WA has seen projects worth $4 billion completed, under construction or planned.

This includes the Tianqi lithium plant nearing completion in Kwinana’s industrial area, which will be the largest lithium hydroxide plant in the world.

Along with new producers, several WA companies are also expanding their production.

Pilbara Minerals Ltd (ASX:PLS), which went from first drill hole to production in four years, is expanding its Pilgangoora Lithium-Tantalum Project by 800,000-850,000 tonnes.

Other expansion projects include Mineral Resources Limited’s (ASX:MIN) spodumene concentrate expansion to 750,000 tonnes and Kidman Resources Ltd’s (ASX:KDR) Mt Holland joint venture which has increased production to 315,000 tonnes spodumene concentrate and 45,000 tonnes lithium hydroxide.

Opening sessions

Lithium Mine to Market 2019 will begin with a welcome address from the Hon Bill Johnston MLA, the Western Australian Minister for Mines, Petroleum, Energy & Industrial Relations.

Opening the keynote session shortly afterwards is Mark Cully, chief economist of the Australian Government, who will give a presentation titled ‘Electric Dreams: The Outlook for the Australian Lithium Industry’.

Other speakers from the first day’s keynote session include: Tianqui Lithium general manager Phil Thick; Roskill division manager Oliver Heathman; and Clean Energy Finance Corporation infrastructure lead and director of corporate finance Julia Hinwood.

READ: Core Lithium boosts Finniss resource to 8.6 million tonnes with initial Hang Gong estimate

The remaining two sessions on the first day offer a wide range of talks from different industry participants.

Session two before lunch will focus on WA’s lithium value chain initiatives, with talks from the Western Australian government chief scientist Professor Peter Klinken and Regional Development Agency chief executive officer Colleen Yates.

Infranomics founder and director Cameron Edwards will also discuss infrastructure requirements for the lithium value chain.

Remaining speakers from the third session include AMEC chief executive officer Warren Pearce and London Metals Exchange business development analyst Antonio Masiero.

Company leaders from Pilbara Minerals Ltd (ASX:PLS), Lepidico Ltd (ASX:LPD) and Core Lithium Ltd (ASX:CXO) comprise the remainder of speakers in the third session.

Hydrometallurgical circuit based on Lithium Australia's proprietary SiLeach process

  READ: Lithium Australia commits to advancing unique European battery metals strategy

The second day will begin with technical talks on lithium processing and technology from Hatch Associates process engineer for metals Duncan Faulkner and Sichuan Calciner Technology chairman Dr Jie Chang.

MSP principal consultant engineer Jon Starink will also speak on the risks and benefits of fast-track project execution.

The middle session on Friday will look at cathode manufacturing, battery assembly and recycling initiatives with talks from Lithium Australia Ltd (ASX:LIT) managing director Adrian Griffin and Neometals Ltd (ASX:NML) chief operating officer Mike Tamlin.

They will speak on the market outlook for cathode production in WA and the complexities of lithium processing developments, respectively.

Closing the second last session is CSIRO energy storage team leader Anand Bhatt, who will address the conference on the current status and developing new industry around lithium battery recycling in Australia.

The conference will close with a sixth session revolving around the Australian lithium industry and its international context

Roskill director Thomas Hohne-Sparborth will present a case study on the socio-economic impact of the lithium value chain before the conference is closed by Wisdom Intelligence & Technology (Nanjing) managing director Eileen Hao, who will speak on the Chinese market for lithium-ion battery materials.

The Lithium Mine to Market Australia 2019 conference will take place on February 21-22 in Perth.

To see a program, please visit

Sun, 17 Feb 2019 21:31:00 +1100
<![CDATA[Media files - Accelerate Your Wealth: Dale Gillham teaches technical indicators 101 ]]> Fri, 15 Feb 2019 15:57:00 +1100 <![CDATA[Media files - Bulls, Bears & Brokers: Tony Locantro shares what's all show and no go ]]> Fri, 15 Feb 2019 15:29:00 +1100 <![CDATA[News - Proactive CEO Sessions in Sydney and Melbourne next week feature five companies ]]> The Proactive CEO Sessions in Sydney and Melbourne next week will feature pharma & biotech companies along with mining companies.

There has been good interest and there are still places available at the Sydney sessions on Monday, February 18 and at the Melbourne session the following day, February 19.

Kazia Therapeutics Ltd (ASX:KZA), Peninsula Energy Ltd (ASX:PEN), AdAlta Ltd (ASX:1AD) and Argonaut Resources NL (ASX:ARE) are on the program for both sessions.

Each session will feature five presenters with Theta Gold Mines Ltd (ASX:TGM) on the Sydney program and Anatara Lifesciences Ltd (ASX:ANR) on the Melbourne program.

READ: Kazia Therapeutics will outline anti-cancer drug development strategy at CEO Sessions

Kazia Therapeutics is developing anti-cancer drugs with its pipeline including two clinical-stage drug development candidates, which chief executive officer James Garner will outline to investors.

Its lead candidate is GDC-0084, which entered a phase II clinical trial in March 2018, and Kazia expects initial data early this year followed by other data read-outs.

GDC-0084 is being developed for glioblastoma multiforme, the most common and most aggressive form of primary brain cancer.

Chemotherapy treatment temozolomide is only effective in one-third of patients and, furthermore, the median survival rate is 12 to 15 months from diagnosis, meaning there is a demand for superior treatments.

READ: Peninsula Energy will update on uranium transition progress at Proactive CEO Sessions

Peninsula Energy is transitioning towards a low pH uranium operation at its Lance Projects in the US state of Wyoming and managing director Wayne Heili will outline its progress.

The shift towards acid leaching operations, or low pH techniques, is expected to lower operating costs and enhance recoveries.

As part of this transition process, a field demonstration has been taking place while regulatory and permitting work advances.

READ: AdAlta will outline fibrosis treatment progress during Proactive CEO Sessions

AdAlta is focused on developing treatments for fibrotic diseases, including Idiopathic Pulmonary Fibrosis (IPF), which CEO and director Sam Cobb will speak about.

The biotechnology company aims to develop and commercialise its i-body technology platform that has generated a pipeline of i-bodies, with an initial focus on treating fibrotic diseases.

IPF is an irreversible, unpredictable and incurable disease with at least 1,500 Australians diagnosed each year. Only 20% of patients diagnosed survive five years.

READ: Argonaut Resources to talk Lake Torrens at Proactive CEO Sessions

Argonaut Resources is drilling at the Lake Torrens project in South Australia, targeting a copper-gold anomaly with a footprint larger than the nearby Olympic Dam iron oxide-copper-gold project (IOCG) of BHP Group Ltd (ASX:BHP).

CEO Lindsay Owler will update investors on this work and the company’s plans.

Stage one of this program comprises 8-10 drill holes to depths of 700-1,500 metres.

IOCG targets have been identified from gravity modelling and geological interpretation.

READ: Theta Gold Mines to outline South African gold strategy at Proactive CEO Session

At the Sydney event, Theta Gold Mines’ chairman Bill Guy will outline the company’s strategy focused on gold in South Africa.

The company is focused on the historical TGME gold mining area around the town of Pilgrims Rest northeast of Johannesburg and has a resource and reserve statement imminent, which is expected to add to the 5.8 million-ounce gold resource.

It will also form part of a feasibility study for the Theta Hill project, which is intended to be the first producing mine in the broader TGME project.

The fully-funded study is due for completion later this quarter.

READ: Anatara Lifesciences to outline its new strategy in human health at Proactive CEO Session

Anatara Lifesciences is focused on its new business strategy in human health, and in particular the development and partnering of its GaRP dietary supplement.

Chief executive officer Steven Lydeamore will explain how the company is well advanced in proof of concept studies for product candidate GaRP, which is an evidence-based dietary supplement aimed at restoring and maintaining gut health.

With foundations built on strong and successful science, GaRP has been designed to address the primary underlying factors associated with gastrointestinal disorders such as Irritable Bowel Syndrome (IBS) and Inflammatory Bowel Disease (IBD).

Register for the CEO Sessions today to find out more.

Sydney details, Monday, February 18, 2019

Melbourne details, Tuesday, February 19, 2019

Fri, 15 Feb 2019 14:44:00 +1100
<![CDATA[News - Reporting Season: MPL, DHG, PPE, JIN winners & WHC, LNK, BBN losers ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) traded in a narrow range today and ended up finishing up 0.11% to 6,066.1.

[VIDEO] Market Close: The Australian sharemarket has managed to edge higher on Friday with the ASX 200 up 6 point to 6066. Over the week, the index fell 5 points with the muted trade amid US-China trade negotiations and mixed earnings results. #ausbiz

— CommSec (@CommSec) February 15, 2019

PPE and JIN continue their growth narratives delivering better than expected December halves with PPE opening up over 10% from yesterday's close to $2.55.

Domain Holdings Australia Ltd (ASX:DHG) was up over 10% to $2.35 at 11.15am as it surprised the market with a better result than expected given it is exposed to real estate.

READ: Jumbo Interactive releases strong result and shares pop 10% on the open

Jumbo released its result as the market was opening not giving investors a lot of time to digest it with the shares opening up 95 cents or 10.2% to $10.20.

However, in the first 10 minutes, all of these gains had been wiped out with the shares touching $9.13, which was lower than yesterday's close of $9.25.

Since 10.40am the share price has slowly crept back up to around $9.60 around lunch being up 4% on the day so far.

Baby Bunting an  example of a great result not living up to the hype

The headline numbers for Baby Bunting are nothing short of spectacular with sales up 17.2%, same-store sales growth of 9.5%, a stronger gross margin, EBITDA up 25% and FY19 EBITDA guidance maintained.

So with the stock down 5% mid-morning to $2.20, what went wrong? It did not meet expectations.

We touched on this earlier in the week, expectations mean everything relative to the nominal numbers - 500% growth isn't so great if the market expected 700% growth.

Baby Bunting has been an impressive turn-around story over the past 12 months but the question for investors becomes, is the turnaround complete or can this company continue to grow?

The opening hour of trade is not the final judgement however, with plenty of time left in the day for the stock to redeem itself.

Investors still can't decide on yesterday's TWE result

Even with the flurry of analyst notes hitting the markets last night and pre-market this morning, investors can't decide on TWE, so far it's looking negative.

Treasury Wine Estates Ltd (ASX:TWE) opened down 2.4% to $16.50 and continued to fall before finding buying support at $16.11 and rallying all the way up to $16.65.

The stock is still down 1.4% on the day but it's trending positively over the day so let's see how this one finishes.

UPDATE: TWE reversed and finished down 4.2% on the day to $16.19.

Pre-market: Reporting Season: DHG, MPL, HLS, WHC, BBN, SGM, LNK, JIN

The US S&P 500 Index finished down slightly by 7.3 points (-0.27%) to 2,745.73.

Reporting season continues with some of today's bigger names including Medibank Private Ltd (ASX:MPL), Sims Metal Management Ltd (ASX:SGM), and Link Administration Holdings Ltd (ASX:LNK).

Other stocks reporting include DHG, HLS, URB, WHC, BBN, 3PL, JIN and PPE.

Morning Report 15 Feb 19: US Stocks rattled by weak retail sales

— CommSec (@CommSec) February 14, 2019


THURSDAY: Reporting Season: BRG, CWY, NGI, GMG, MFG, TGR results applauded by investors ]]>
Fri, 15 Feb 2019 09:20:00 +1100
<![CDATA[News - Reporting Season: BRG, CWY, NGI, GMG, MFG, TGR results applauded by investors ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) finished the day down 4.2 points or -0.10% at 6,059.4.

The companies deemed winners by investors after releasing their results today were:

Breville Group Ltd (ASX:BRG)  $14.09 +18.01% Cleanaway Waste Ltd (ASX:CWY) $2.20 +13.11% Navigator Global Ltd (ASX:NGI) $3.28 +10.07% Magellan Fin Grp Ltd (ASX:MFG) $32.09 +9.90% Tassal Group Limited (ASX:TGR) $4.85 +4.30% Goodman Group (ASX:GMG) $12.51 +4.25% South32 Limited (ASX:S32) $3.80 +3.54% Class Limited (ASX:CL1) $1.53 +2.34% Woodside Petroleum (ASX:WPL) $35.53 +1.92% ASX Limited (ASX:ASX) $69.06 +0.99% Treasury Wine Estates (ASX:TWE) $16.90 +0.60%

The following companies failed to appease investors:

Integrated Research (ASX:IRI) 2.62 -0.76% Newcrest Mining (ASX:NCM) 24.98 -1.38% Telstra Corporation. (ASX:TLS) 3.14 -2.18% IPH Limited (ASX:IPH) 5.80 -4.61% AMP Limited (ASX:AMP) 2.25 -7.79% Unibailrodawestfield (ASX:URW) 11.25 -8.39%

The following companies reported results today, which had a muted effect due to Healthscope being subject to a takeover offer and Super Retail having pre-announced their result earlier in the week.

Super Retail Group Ltd (ASX:SUL) $7.69 +0.26% Healthscope Limited (ASX:HSO) $2.48 +0.00% Research analysts to have the final say, TWE & ASX in the spotlight

While the market is very efficient at processing information like financial results, the first day's share price action isn't always correct.

The final say is usually in the hands of the research analysts, who will be updating their models and writing their reports today and into the night.

Although both TWE and ASX finished modestly higher, they both spent large parts of the trading session today in the red suggesting there are mixed opinions in the market.

1.15pm: AMP slammed, MFG flying, ASX & TWE recover early losses

Embattled financial services firm AMP Limited continues to lick its wounds from the Royal Commission being down 7% at $2.26 while fund manager Magellan is up 9% to $31.90.

Treasury Wine and ASX Limited however proved opening traders wrong and have been able to get back their early share price losses.

Treasury opened down nearly 5% and swung to be up 4% just before midday but has since come back to trading flat.

Investors crucified Treasury early for cash flow metrics being less than expected however the company has been able to calm fears seemingly, possibly through the 11.00am conference call.

ASX Limited opened down over 3% at around $66.20 but over the day has grinded back to be up nearly 1% at $69.00.

[VIDEO] Mid Session: It has been a choppy start to Thursday trade with the ASX 200 edging higher by 8 points to 6071 towards lunch. It has been a big day on the reporting front with a host of companies announcing half or full year results. #ausbiz

— CommSec (@CommSec) February 14, 2019 Pre-market: Reporting Season: busy day ahead AMP, ASX, MFG, SUN, TLS, WPL

Results from some of the ASX's biggest companies (including the ASX itself) have been released and investors and analysts are busy crunching numbers to decide if they have met expectations.

Earnings growth of 20% will see a share price slammed if the market expected 25%, but the opposite applies if expectations are surpassed.

Nominal numbers mean nearly nothing in earnings season in comparison to expectations.

Some of the larger companies to be judged today on their December results include financial services company AMP Limited (ASX:AMP), ASX Limited (ASX:ASX), winemaker Treasury Wine Estates Ltd (ASX:TWE), bank and insurer Suncorp Group Ltd (ASX:SUN), Telstra Ltd (ASX:TLS), listed fund manager Magellan Financial Group Ltd (ASX:MFG), and Woodside Petroleum Ltd (ASX:WPL).


Morning Report 14 Feb 19 : US stocks advance on trade optimism

— CommSec (@CommSec) February 13, 2019


Thu, 14 Feb 2019 08:33:00 +1100
<![CDATA[News - Gold prices to benefit from heightened risk as investors hedge their bets ]]> Gold prices have been forecast to remain strong into 2019 after recovering from a low point of US$1,160 in mid-August to US$1,307.89 today February 14.

The US Federal Reserve is expected to slow the pace of interest rate hikes this year, hindering US dollar increases and keeping upwards pressure on the gold price.

Geopolitical concerns, punitive sanctions on Russia and Iran and challenging global financial conditions have put myriad pressures on commodity prices, but the heightened risk carried into 2019 may be end up favourable for gold investors.

Typical drivers of the gold price can be grouped into four categories, according to the World Gold Council (WGC): wealth and economic expansion; market risk and uncertainty; opportunity cost; and momentum and positioning.

As a strategic asset, gold demand has historically been positively-correlated with economic growth as well as strongly responsive to periods of heightened risk.


  Strong price forecast for 2019

Early in January Goldman Sachs released a report raising its 12-month price forecast up from $1,350 an ounce to $1,425, a price last seen in August 2013.

The Goldman analysis maintains the gold price will be supported primarily by growing demand for defensive assets, with the slower pace of US Fed rate hikes boosting demand only marginally.

Bank of America Merrill Lynch predicts that with sustained global demand coupled with a weaker US dollar, the gold price could see highs of US$1,400 an ounce and an average of $1,296 across 2019.

Bullish on gold

In its “2018 Precious Metals Review” released in December, Refinitiv’s GFMS metals research team said the US-China trade war this year had a negative impact on the gold price, pushing it below the $1,200 per ounce level after trading above $1,300 the first two quarters.

According to the report, any cooling off between the US and China might drive the dollar down and be beneficial to gold.

The WGC supported the bullish view on gold in its 2019 outlook, noting several trends that will be key in determining gold’s demand.

These include:

Increased market uncertainty and the expansion of protectionist economic policies making gold increasingly attractive as a hedge;

Effects from higher interest rates and US dollar strength expected to be limited as US Fed has signalled a more neutral stance; and

Structural economic reforms in key markets will continue to support demand for gold.

Consensus gold price forecast. Source: PCF Capital Group

  US Dollar losing pre-eminence

Geopolitical shifts emanating from Washington have caused countries around the world to rethink the US dollar as the primary global reserve currency.

World Gold Council chief executive officer designate David Tait noted in the Council’s 2019 outlook that geopolitical shifts, plus concerns about the US-China trade war, as the main cause of this drive.

The European Commission has proposed measures to make the Euro a reserve currency and decrease dependence on the dollar in international trade.

Europe’s recovery from the debt crisis has not matched that of the US economy, leading to European banks and investors increasingly adding gold to their portfolios since early 2016.

Political challenges such as Brexit have created a level of unease among investors and other societal issues in Spain, France and Italy have ensured continued risk into 2019, potentially strengthening gold’s position.

Tait also points out Russia’s ‘de-dollarisation’ plans, under which Russian companies would use roubles, euros and the Chinese renminbi instead of the dollar.

Key global asset performance at December 31, 2018. Source: Bloomberg, ICE Benchmark Administration, World Gold Council

  Increased gold mining activity

Gold mining activity has increased across the board, but Tait notes soaring demand for gold bars and coins in Iran as the country tries to counter US sanctions with increased gold mining to boost employment and growth.

Globally, the industry is going through a period of streamlining and M&A activity, looking to drive returns for shareholders.

The US$18.3 billion merger of Barrick Gold (TSE:ABX) and Randgold Resources (LON:RRS), which became effective on January 2, and Newmont Mining’s announcement to acquire Canada’s Goldcorp to create the world’s largest gold mining group, is expected to trigger further consolidation across the industry.

According to PCF Capital Group, by the first week of December last year there had been 45 major gold asset transactions on the ASX for a total value of $2.3 billion, with 23 of these yet to be completed.

Research by S&P Global Market Intelligence shows global exploration budgets for minerals other than iron ore, coal and bauxite reached US$10.1 billion in calendar year 2018, up 19% year-on-year.

Gold exploration spending of US$54.3 billion in the past decade was 60% higher than the US$32.2 billion spent across the preceding 18 years.

READ: Gold sector sees M&A consolidation on ASX ahead of 2019 price uncertainty

Much of the Australian gold sector’s consolidation in 2018 was focused on Western Australia’s Goldfields region.

Producer Northern Star Ltd (ASX:NST) acquired Westgold Resources Ltd’s (ASX:WGX) South Kalgoorlie operations and began a buy-out of Rand Resources Ltd (ASX:RND) and Tribune Mining NL (ASX:TBR).

Other sizeable acquisitions in the region were Hanking Gold’s purchase of Coolgardie-based Primary Gold Limited (ASX:PGO) and Intrepid Mines Limited’s (ASX:IAU) acquisition of AIC Resources Limited (ASX:A1C).

Mergers of note include: Silver Lake Resources Limited (ASX:SRL) and Doray Minerals Limited (ASX:DRM); MacPhersons Resources Ltd (ASX:MRP) and Intermin Resources Limited (ASX:IRC); and the three-way merger between Bardoc Gold Ltd (ASX:BDC), Excelsior Gold Limited (ASX:EXG) and developer Aphrodite Gold Limited (ASX:AQQ).

Wed, 13 Feb 2019 22:17:00 +1100
<![CDATA[Media files - Bulls, Bears & Brokers: Barry Dawes says 'the leaders are leading' ]]> Wed, 13 Feb 2019 13:02:00 +1100 <![CDATA[News - Reporting season has stocks making sharp moves – CGF, MQG, PGH, TCL, SUL ]]> S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) continues its upwards trajectory of recent weeks up 24 points to 6085 in the afternoon session.

CGF gets losses back, SUL gives back gains

Challenger Ltd (ASX:CGF) reported its December half result today and opened down 5.6% at $7.39, an opening dive considering the result was largely pre-announced in January through the trading update.

What was interesting, however, was the stock gained back all of its intra-day losses and at one stage was trading up 3% - it is trading up 1.5% at around 3.00pm.

At the opposite end of the spectrum is Super Retail Group Ltd (ASX:SUL) who surprised the market with a trading update 20 minutes before the open.

With retail stocks priced by sector sentiment which is doom and gloom for many retailers, the relatively strong trading update saw the stock open up nearly 7% and climb even higher early on.

However, Super Retail shares went on to give every part of that 7-8% intra-day gain back throughout the morning and early afternoon session.

SUL shares are trading flat on the day at around $7.85 at 3.00pm.

Trading updates from MQG and PGH attract mixed responses

Both Macquarie Group Ltd (ASX:MQG) and Pact Group Holding Ltd (ASX:PGH) revealed trading updates to the market before the open this morning.

With Pact down nearly 10% and Macquarie up 2.5% at 3.00pm, it’s safe to say they spurred opposite reactions from investors.

Transurban grows but disappoints investors

Transurban Holdings Ltd (ASX:TCL) posted its December half financial results today as expected and slightly disappointed investors with shares down around 2% heading into the close.

The toll road giant grew its EBITDA by 9.8% to $1.001 billion and reaffirmed FY19 distribution guidance at 59.0 cents per share.

Transurban is working to deliver nine committed projects safely and successfully over the next five years.

[VIDEO] The Aussie market is picking up from a flat start, the ASX 200 30 points or 0.5% higher. The financials & healthcare sectors are driving gains. Macquarie Group $MQG is climbing ~3% as it expects to lift annual profit by 15% for the year. #ausbiz

— CommSec (@CommSec) February 12, 2019 ]]>
Tue, 12 Feb 2019 15:11:00 +1100
<![CDATA[News - Theta Gold Mines to outline South African gold strategy at Proactive CEO Session ]]> Theta Gold Mines Ltd (ASX:TGM) is set to play an important role in reinvigorating South Africa’s ailing gold industry and this will be outlined to investors at the Proactive CEO Session in Sydney next week.

With the company having just returned from the Investing in African Mining Indaba in Cape Town, chairman Bill Guy will present at the Sydney CEO Session on Monday, February 18.

Resource and reserve statement imminent

The company is focused on the historical TGME gold mining area around the town of Pilgrims Rest northeast of Johannesburg and has a resource and reserve statement imminent.

This statement is expected to add to the 5.8 million-ounce gold resource at TGME.

READ: Theta Gold Mines on track to complete Theta Hill feasibility study

It will also form part of a feasibility study for the Theta Hill project, which is intended to be the first producing mine in the broader TGME project.

The fully-funded study is due for completion later this quarter.

CIL plant being refurbished

Theta Gold Mines is also focused on refurbishing the existing TGME CIL plant with the intention of resuming production.

This plant is just 1.5 kilometres downhill from the Theta Hill project and within easy access of other potential mining operations at TGME.

Positive scoping study

A scoping study for Theta Hill released in mid-October 2018 delivered a positive result for the shallow, high-grade resource which features 4.5 million tonnes grading 4.14 g/t gold for 600,000 ounces.

The study models a 7.6-year, 67,000-ounce-a-year mine operation where 92% of ore is recovered.

Theta Hill mine would take about 10 months to build and 7.4 months to pay back initial capital costs.

READ: Theta Gold Mines high-grade hits likely to boost 5.8 million-ounce TGME gold resource

Exploration is ongoing at TGME and impressive results have recently been returned from drilling at the Theta Hill, Columbia Hill and Scammells deposits.

The Theta Hill scoping study affirmed the belief that historical mines on the 620 square kilometre goldfield could have open-cut oxide gold fundamentals.

Register for the CEO Sessions today to find out more.

Sydney details, Monday, February 18, 2019

Melbourne details, Tuesday, February 19, 2019

TGM will only present in Sydney while Anatara Lifesciences Ltd (ASX:ANR) is on the Melbourne program. Featuring at both sessions will be AdAlta Ltd (ASX:1AD), Argonaut Resources NL (ASX:ARE), Kazia Therapeutics Ltd (ASX:KZA) and Peninsula Energy Ltd (ASX:PEN).

Tue, 12 Feb 2019 15:08:00 +1100
<![CDATA[News - RIU Explorers Conference next week has packed program of presenters ]]> RIU Explorers Conference 2019 in Fremantle, WA, next week has drawn an impressive line-up of speakers ranging from many leading junior and mid-cap mining companies to various industry experts.

Mining company representatives will outline their projects to conference attendees while industry experts will outline trends and factors influencing the mining sector.

The 18th version of the annual event, with the theme of Making Mines - Making Money, opens on Tuesday afternoon, February 19, and continues until Thursday, February 21.

Records already set

Organised by Vertical Events, it will be held at Esplanade Hotel Fremantle - by Rydges and has attracted record presenters, exhibitors and early registrations.

Vertical Events managing director Stewart McDonald said: “For many years the two-day RIU Explorers Conference program had roughly 30 presenting companies and near-on 400 delegates.

“Leading into our 2019 RIU Explorers Conference, the event now goes into a third day and we have over 60 presenting companies and well over 1,000 delegates.”

READ: RIU Explorers Conference already setting records two weeks out

McDonald said next week’s event had a packed program of “the who’s who of the junior and mid-cap market CEOs along with a bustling exhibition area”.

Listening to the presentations and visiting the exhibition booths would be brokers, funds, bankers, investors, government and suppliers as well as representatives from resources companies.

Initial presentation

Kicking off the conference on Tuesday afternoon will be Bellanhouse Lawyers partner Dave Filov, whose presentation is titled Current Disclosure Issues for Exploration Companies.

Presenting mining companies to follow will be Australian Mines Limited (ASX:AUZ), Cassini Resources Ltd (ASX:CZI), Calidus Resources Ltd (ASX:CAI), Ausgold Ltd (ASX:AUC), Venture Minerals Limited (ASX:VMS), Rox Resources Limited (ASX:RXL), Alliance Resources Limited (ASX:AGS), Gibb River Diamonds Ltd (ASX:GIB), Encounter Resources Ltd (ASX:ENR), Breaker Resources NL (ASX:BRB), Red 5 Limited (ASX:RED), Magnetic Resources NL (ASX:MAU), Northern Minerals Ltd (ASX:NTU) and Apollo Consolidated Limited (ASX:AOP).

Wednesday first session

After the day two opening address by Stewart McDonald, Patersons Securities Ltd resources analyst Xavier Brand will deliver a market update.

Among the company presentations to follow will be Gold Road Resources Ltd (ASX:GOR), Galan Lithium Ltd (ASX:GLN) and Emmerson Resources Limited (ASX:ERM) along with Image Resources NL (ASX:IMA) and Troy Resources Ltd (ASX:TRY).

The session will also include the announcement of the Craig Oliver Award.

Late-morning session

Leading off the late-morning session will be ANZ senior commodity strategist Daniel Hynes whose presentation will be ‘The Outlook for Global Commodity Markets’.

Company presentations in this session include Musgrave Minerals Ltd (ASX:MGV), Bellevue Gold Ltd (ASX:BGL), Antipa Minerals Ltd (ASX:AZY), Australian Potash Ltd (ASX:APC), Carawine Resources Ltd (ASX:CWX) and Stavely Minerals Ltd (ASX:SVY).

Day two afternoon

First early afternoon session presenter will be National Stock Exchange of Australia managing director and CEO Ann Bowering with ‘Competition in Financial Markets’.

Panoramic Resources Ltd (ASX:PAN) is among the company presentations scheduled for this session along with Indiana Resources Ltd (ASX:IDA), Barra Resources Limited (ASX:BAR), Genesis Minerals Ltd (ASX:GMD), Middle Island Resources Ltd (ASX:MDI) and Southern Gold Limited (ASX:SAU).

‘Looking Forward’ is the title of BDO’s corporate finance partner Adam Myers presentation to open the late afternoon session.

Company presentations in Wednesday’s final session will be delivered by Saturn Metals Ltd (ASX:STN), Red River Resources Limited (ASX:RVR), Accelerate Resources Ltd (ASX:AX8), Corazon Mining Ltd (ASX:CZN), Black Cat Syndicate Ltd (ASX:BC8) and Kalium Lakes Ltd (ASX:KLL).

2019 opportunities

Thursday’s opening address, ‘The 3 Speed ASX Resources Market in 2018 and the Opportunities for 2019’, will be delivered by Austex Mining Pty Ltd executive director Rob Murdoch.

Pacific American Coal Ltd (ASX:PAK), Legend Mining Limited (ASX:LEG) and Altech Chemicals Ltd (ASX:ATC) are among the company presentations in the session along with NTM Gold Ltd (ASX:NTM), Comet Resources Limited (ASX:CRL), Mincor Resources NL (ASX:MCR) and Matsa Resources Limited (ASX:MAT).

CSA Global Pty Ltd principal geologist Felicity Hughes will kick off the late-morning session at 11.10am with ‘Geometallurgy of Battery Minerals – The Way Forward’.

Thursday presentations

The company presentations in this session will be from Neometals Ltd (ASX:NMT), Kin Mining NL (ASX:KIN), Battery Minerals Ltd (ASX:BAT), Azure Minerals Limited (ASX:AZS), Magmatic Resources Ltd (ASX:MAG) and Independence Group NL (ASX:IGO).

Those presenting in the early afternoon session are Blackstone Minerals Ltd (ASX:BSX), Westgold Resources Ltd (ASX:WGX), Nusantara Resources Ltd (ASX:NUS), Impact Minerals Limited (ASX:IPT), Prodigy Gold NL (ASX:PRX) and SolGold plc (LON:SOLG).

Peel Mining Ltd (ASX:PEX) and Blackham Resources Ltd (ASX:BLK) are among the companies presenting in the final session of the conference from 4pm along with Western Areas Ltd (ASX:WSA), Riversgold Ltd (ASX:RGL) and Ramelius Resources Limited (ASX:RMS).

The conference will conclude with SRK Consulting’s principal consultant (valuations) Karen Lloyd’s presentation ‘How Much is my Project Really Worth? Meeting the Challenge of Estimating Market Risk’.

For information about the conference, including the program visit

Tue, 12 Feb 2019 12:54:00 +1100
<![CDATA[Media files - Bulls, Bears & Brokers: Davide Bosio speaks on Banking Royal Commission outcomes ]]> Mon, 11 Feb 2019 12:20:00 +1100 <![CDATA[Media files - Accelerate Your Wealth: Dale Gillham reacts to Banking Royal Commission outcomes ]]> Fri, 08 Feb 2019 15:42:00 +1100