Public Company News

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. 

ASX listed Perth financial technology company Peppermint Innovation may have discovered a lucrative new route to market for their interesting mobile bill payment technology. The company recently appointed Metro Gas Sales inc, a domestic gas bottle delivery company in the Philippines with over 60,000 household customers as a Peppermint agent.

Sipa Resources’ hopes of uncovering a major nickel-copper discovery at Akelikongo in Uganda have been boosted by new geophysical surveys. The downhole EM surveys have found strong off-hole conductors, whilst a high-resolution ground magnetic survey suggests Akelikongo could be just one of many highly prospective targets in the area.

The board of Australia’s newest Lithium producer, Neometals, have signaled their confidence in the company’s finances by introducing a share buyback valued at up to $5 million over the next 12 months. The move follows the recent start of production at Mt Marion, which will generate plenty of cash and add to an already strong balance sheet.