Bulls N' Bears (Commercial Content)

Legend Mining today partly realized a profit of $3.46m after selling Independence Gold shares it bought on market back in 2012. The sale provided a healthy kick for the Fraser Range explorer’s share price and a boost to its cash reserves to $8.5 million. In total, Legend has received $5,332,162 worth of cash and script for its $1.87m investment in the then Sirius Resources.

The AUS reporting season gathers steam with a number of the big names reporting….

ASX listed cancer drug hopeful Pharmaust have secured additional IP rights to their highly promising anti-cancer drug Monepantel by partially trading off rights to another project under their control. Under the new deal, Pharmaust will receive the remainder of the IP rights to Monepantel that were never transferred to them by the University of NSW.

Analytica have patented their unique medical device in one of the worlds most populous markets. The People’s Republic of China recently granted Analytica’s patent application for the company’s “Peri-Coach" pelvic floor force sensing device. The Peri-Coach can eliminate urinary incontinence, a condition afflicting nearly 230m Chinese women according to the company. 

So the Bank of England cut growth forecasts by the most ever and announced a large stimulus, as policy makers unveiled a stimulus package aimed at containing the fallout from the U.K.’s secession vote.

Well known mining focused private equity firm Resource Capital Funds has taken a plunge at ASX junior Hammer Metals with its latest $2b mining fund. RCF has taken a $1.75m placement in Hammer Metals at 7c a share representing the lion’s share of the company’s latest $2.25m capital raise. The funds will be spent on Hammer's100% owned Mt Isa copper gold project. 

The last two days on the ASX have been tough, losing ~ 120 points, however, we should have a strong start today, with the SPI + 28

So… Glenn Stevens listened to us and cut interest rates to a record low of 1.5%.

Today, our friends at the RBA meet to decide whether to cut official interest rates…. Over 70% of economists surveyed suggest that they will cut interest rates.We tend to agree… With inflation sitting near record lows and consumer & business confidence not improving, the RBA will cut interest rates today by 25bp

Good Morning, “A pinch and a punch”… yes, it’s the first day of the month… and boy, do we have a busy month ahead. So July was a very good month for equities…Brexit… what Brexit? A potential “hung-parliament”… who cares…. Japanese stimulus that failed to stimulate growth and a Chinese market rippled by debt….

Medical device company Analytica has attracted further interest from Virgin Islands based investment fund INOV8 who will stump up $500k at .007c a share to take their second placement in the company. INOV8 have tripled their $500k plunge at Analytica back in March when they successfully picked the bottom of the company’s share price graph at just .00255c a share.

In a sign that ASX listed Shark Mitigation Systems are getting serious about taking their unique shark deterring wetsuits to market, surf wear industry specialist Simon O’Sullivan has been appointed as General Manager of the company. O’Sullivan was most recently the Australian Chief Operating Officer of well known surf brand Rusty with responsibility for the Australian operations.  

With the gold price at record highs, Blackham Resources appear to have timed their transition from explorer to miner exquisitely. After a couple of years of excellent exploration success, the Bryan Dixon led Matilda Gold Project in Wiluna W.A is once again a mining operation. It is expected to churn out $300m in free cash over the next ten years and thats just the warm up period. 

We’ve had a great few days on markets, however, we see the recent rally losing “some steam”, as the reporting season heats up.

Global markets are being extremely resilient, especially with so much uncertainty…

The Lira fell the most in 8 years, transportation stocks fell and the Turkish index futures plummeted … down 7% in after-hours trading…

Analytica have achieved patent protection in the world’s biggest medical device market for their unique “AutoStart Burette” medical device after receiving advice from the US Patent and Trademarks office that their patent had been granted and will be operable until the 17th January 2031. A "burette" is the little chamber that is inserted into a medical drip to administer medicine. 

U.S. stocks extended gains at an all-time high (Dow +134 points), amid corporate results that pointed to resilience in the global economy, while Treasuries slid with the yen as speculation central banks will add to stimulus sapped demand for havens.

Blackham Resources took a bit of a punt at the Matilda Gold project recently which looks like it may pay off. The company drilled their deepest hole yet at the project and intersected gold mineralization at over 400m with the hole still open at depth.  Deeper drilling results at the M1 pit of 2m @ 6.98 g/t from the 419m mark confirm the continuation of mineralization at depth.

Today is an important day for Australia… No, we are not talking about last night’s state of origin win by the NSW team or Turnball elected for a 2ndterm…

Troy Resources recent drilling program from the pit floor at the Karouni gold mine in South America has turned up a number of stellar intersections including one grading over 4 ounces to the tonne gold with visible gold evident in a number of samples. Around half of the 29 drill intercepts from the latest program occured below the current pit design. 

ASX listed Analytica has received approval from the powerful US Food and Drug Administration to sell their unique “PeriCoach” incontinence medical device without the need for a prescription in the USA. The PeriCoach is a proprietary medical device developed by Analytica to assist women to exercise their pelvic floor muscles in order to reduce or eliminate urinary incontinence.

ASX listed nano-satellite developer Sky and Space Global has successfully applied to register their own frequency spectrum with the United Nations’ “International Telecommunications Union”. The company says registering its own frequency spectrum is a crucial element to cretaing their own nano-satellite based affordable global telecomminications network. 

Good Morning, Britain is about to have a new Prime Minister… Theresa May will join “the hot seat” on Wednesday, with a lot to prove and a few “things” on her to do list…This will only be seen as good news for markets, as just like Australia forming government in the past 24 hours, markets can now focus on underlying macro-related issues So what happened last night?

The recently released feasibility study into Neometals' patented "Eli' process that downstream processes Lithium, shows that for a $158m capital outlay, the project will return a wave of cash averaging $82m a year before tax every year for the next 20 years. It shows a net present value of AUD$638m which equates to around $1.14 a share on a fully dispersed basis. 

Anti cancer specialist drug developer Pharmaust, has successfully altered the taste of their promising new anti-cancer drug known as Monepantel to make it taste better on the eve of a new trial of the drug in dogs. The trial will commence immediately at The University of Cambridge who were responsible for inventing the jet engine and identifying the structure of DNA.

There’s nothing quite like confirmation that the drill rig has been booked for a maiden drilling campaign to get the gold bulls sniffing around. It becomes even more tempting for the bulls when the ground to be drill tested sits just 35km along trend from a nearby project that just produced a 63m intersection grading 2.2 grams per tonne gold and 0.19% copper.

After posting a stellar 242% year on year revenue increase in FY 16, ASX listed financial payments player Stargroup, has given its strongest hint yet that FY17 might be its maiden dividend year. The company’s growth seems unstoppable after it produced yet another record revenue result during the June quarter, its 10th record quarter in a row. 

Good Morning, trust that you had a nice weekend and are raring to go for another busy week on markets… It’s certainly getting cold down as winter is here, but guess what?No, we’re not talking about Serena Wimbledon’s Prize Money being worth $380,000 less post Brexit…

With the Lithium boom well and truly captivating the market right now, Neometals have kicked the ball out of the park with a 160% upgrade to their Lithium resource at the Mt Marion project near Coolgardie. The resource is now the third biggest in the world at 60.5m tonnes grading 1.36% Lithium whereas it was previously sitting at just 23.24m tonnes grading 1.39%.

Global markets seem to be a little “rattled” as we approach a potential “political storm” AUS doesn’t have a Prime Minister….UK’s Prime Minister has resigned and;Trump vs. Clinton is surely making employers nervous… All in all, the world seems to be “directionless” post BREXIT and this uncertainty, will only mean one thing… short-term downside.

Terrain Minerals continue to make good use of historic exploration data to zero in on interesting targets. A recent review of historic data at the company’s Gimlet project, which adjoins Mt Ridley’s project in the Fraser Range, has unearthed an interesting gold target that looks to have never been properly tested which shows gold mineralization from 15PPB to 30PPB.