Public Company News

Wireless technology company Connected IO has produced another imaginative “internet of things” product that looks certain to be a hit. The company has just released its latest wearable body camera for the police and security sectors and they are looking to target markets like the UK, US, Canada, Germany, Netherlands, Dubai and Australia for the cutting-edge device.

Lithium Australia signaled they were serious all along about their takeover bid for Lepidico after launching their bidders statement for the company last week despite settling their IP dispute with them. Lithium Australia say their $21m bid will help both companies capture a once-in-a-cycle opportunity in the booming global Lithium market. 

Auroch Minerals now have $8.3m in liquid assets after the UK-based buyer of their Manica gold project in Mozambique came up with more cash and shares as part of last month’s settlement agreement. Auroch will soon be owed only $US1.2m from last year’s $US12m sale and will have enough financial horsepower to fund an exciting Lithium exploration program in Namibia.

ASX listed PharmAust has named Dr Richard Hopkins as the company’s new chief executive. Hopkins was previously running Perth biotech company Phylogica Limited and will start as PharmAust CEO on March 7. 

You know the auto pilot is starting to kick in when you reduce your marketing spend by over $3m and your revenue jumps by $2m anyway. Such was the case in the December half year for ASX listed online screening and verification company CVCheck. Revenues for the half year jumped from $2.9m to $4.9m and costs appear to be well and truly under control. 

Investors rarely get interested in metallurgical flowsheets, but they should make an exception by taking a closer look at some exciting news out of Pilbara Minerals recently. The developer of the Pilgangoora Lithium project told the market that pilot plant trials had exceeded expectations by up to 23% which should look good when translated to the bottom line. 

Financial technology and ATM machine company Stargroup has posted strong growth in its half-year result, delivering the company's best-ever revenue of more than $4 million for the half year. The company says the impressive result was driven by record revenues from its ATM network and they are expecting even better results next quarter after some cost savings kick in. 

How is it that some of the world's largest corporations have become customers and partners of a relatively unknown ASX listed junior that was only back-door listed by Perth connections last year ? These include Coca-Cola, US telco goliath Verizon, leading enterprise level US telco AT&T, Vodafone, The Red Cross, Cisco, US Police and a host of other impressive names. 

ASX-listed Sky and Space Global says its first three miniature telecommunications satellites known as “nano-satellites” are now ready for launch after the completion of final testing in Europe. The nano-satellites are scheduled for launch on board the Indian Space Research Organisation’s Polar Satellite Launch Vehicle in the second quarter of this year.

Legend Mining have added more tenements to their already sizeable land holdings in the revered Fraser Range district. The acquisition of two tenements from Musgrave Minerals via a share-only deal underlines the Perth-based explorer’s high confidence in a nickel-copper discovery along strike from the breakthrough Nova-Bollinger discovery by Sirius Resources in 2012.

Lithium Australia re-wrote the corporate play book in the last couple of weeks to achieve unfettered ownership and control of their unique Lithium processing IP known as Sileach. They have been locked in mortal legal combat with Lepidico over their IP rights and just a couple of weeks after Lithium Australia launched a takeover bid for Lepidico the legal action has been settled. 

ASX-listed MGC Pharmaceuticals’ cannabis-derived medicinal products will be fast-tracked to Australia following federal government changes to national medical marijuana laws. The changes mean patients that are prescribed medicinal cannabis will be able to import their medication from local providers such as MGC Pharmacueticals.