March quarter production was affected by the weather but remained strong. Guidance has been revised down slightly at the upper end of the range, to 165-170mt. Realised pricing was better than UBS expected, reflecting the closing of discounts across the quarter and revised pricing terms.
Read MoreAlong with its partners, Fortescue Metals has approved the US$2.6bn Iron Bridge magnetite project. The company will fund its share through a combination of project debt and operating cash flow.
Read MoreAs Scott Morrison and Josh Frydenberg were banking the 22% plus surge in global iron ore prices so far this year in last night’s Federal budget, it seems the shortfall in exports will be much larger than thought last week because of the growing impact of Cyclone Veronica on the Pilbara at the end of March.
Read MoreFortescue Metal Group shares ended up 3% at $7.65 after announcing the $US2.6 billion ($A3.7 billion) second stage of its Iron Bridge project in the Pilbara has been approved.
Read MoreWorld iron ore prices are poised to make a run back over $US90 a tonne after more doubt was cast on the level of Vale’s 2019 production while Rio Tinto has declared force majeure on some exports.
Read MoreExpect even more pressure on global iron ore supplies and prices after Vale was forced to shut two more iron ore mines in southern Brazil.
Read MoreVale management is in turmoil after the CEO of the world’s biggest iron ore miner stepped aside following pressure from Brazilian authorities over the Minas Gerais dam collapse.
Read MoreFortescue Metals Group has tripled its interim dividend payout to 30 cents a share for the six months to December after earnings comfortably topped market forecasts.
Read MoreShares in BHP, Rio Tinto, and Fortescue Metals group should continue running higher today with global iron ore prices hitting two-year highs in Asian trading yesterday after Chinese buyers returned to the market after last week’s holiday break.
Read MoreWith stocks of iron ore at ports and mills low after the holidays, Chinese buyers will chase spot ore cargoes from today and could push the already high price of standard 62% ore past $US100 a tonne.
Read MoreAustralia will be the beneficiary of the terrible mining dam disaster in Brazil which has killed more than 80 people with upwards of 300 missing. In fact, it would be true to say there is a silver lining for Australia in Brazil’s pain – a surge in iron ore prices that will, in turn, boost export receipts and government tax revenues.
Read MoreAnother weak performance by Fortescue Metals Group in the six months to December 31, with shipments of 82.7 million tonnes the lowest for at least four years.
Read MoreGlobal iron ore prices and the share prices of Australia’s biggest iron ore exporters will jump as Vale, the big Brazilian exporter takes 10 of its mines and their 40 million tonnes of ore offline while it replaces potentially dangerous tailings dams.
Read MoreFirst iron ore from the West Pilbara fines will be introduced to the market in December, underpinning a robust outlook for Fortescue Metals in FY19.
Read MoreAnything but the obvious in the commentary from Fortescue Metals on its first-quarter performance yesterday.
Read MoreClever timing from Fortescue Metals with its somewhat surprising news that it was going to conduct a 12 month $A500 million share buyback.
Read MoreSo will Andrew ’Twiggy” Forrest blink and accept the takeover bid for his shares in Atlas Iron from rival Perth iron ore billionaire, Gina Rinehart, or will he play hardball and remain a locked in investor?
Read MoreA glance through the latest expert views and predictions about commodities. Base metals; platinum; steel/iron ore; and major miners.
Read MoreFortescue Metals Group has slashed final dividend by half as its revenues and profits were hit by the move of Chinese steel mill buyers to source higher quality iron ore and impose price cuts on the ore than Fortescue mines and exports.
Read MoreFortescue Metals Group has retained enough shares in Atlas Iron to enable it to frustrate Gina Rinehart’s Hancock Prospecting from moving to 100% control of Atlas.
Read MoreFortescue Metals Group has met its forecasts for iron ore shipments for the June 30 2017-18 financial year, after shipments accelerated in the June quarter.
Read MoreFortescue Metals has moved to try and boost the quality (and the returns) on its WA iron ore exports to China by approving the development of a $US1.28 billion ($1.7 billion) mine and rail project in Western Australia.
Read MoreLower shipments, higher costs and falling prices – not the best of combinations for iron ore miner Fortescue Metals Group as it enters the final three months of the 2017-18 financial year.
Read MoreFalling iron ore prices will only increase the already heavy pressure on Fortescue Metals Group’s pricing and returns, even after it yesterday confirmed what everyone in the industry has surmised – that its lower grade ore was being priced at a smaller percentage of the benchmark 62% iron ore price in northern China.
Read MoreFortescue Metals Group slid after the company yesterday revealed weaker than expected results for the six months to the end of last December as the company was hit by steep price discounts for its lower quality iron ore paid by Chinese steel mill customers.
Read MoreFortescue Metals Group (FMG) has reported a slight rise in iron ore shipments in the three months to September, while it again cost costs but has been forced to trim its estimated price forecasts for the full year.
Read MoreFortescue Metals Group has more than doubled its net profit, to $US2.1 billion ($2.7 billion), lifted dividend and pledged to reward shareholders with a bigger dividend in the current financial year.
Read MoreShareholders in Fortescue Metals Group (including the biggest, Chairman Andrew Twiggy Forrest) can look forward to a sharp increase in dividend when the company reports its 2016-17 profit a week next Monday.
Read MoreAustralia’s third iron ore miner, Fortescue Metals Group is still talking cost cutting as it maintains production guidance for 2017-18 at 170 million tonnes – little changed than the 170.4 million shipped in the year to June this year.
Read MoreAs expected Fortescue Mining (FMG) lifted interim dividend thanks to a quadrupling of earnings from the first half of 2015-16 – but local investors were not that fussed yesterday.
Read MoreFortescue Metals (FMG) shares hit their highest levels in six years yesterday after several brokers upped their price targets for the stock following Tuesday’s solid quarterly and half yearly update.
Read MoreFortescue has confirmed it is on track to hit the top end of its iron ore export guidance and possibly exceed it.
Read MoreFortescue Metals (FMG) has done a bit of ‘bottom fishing’ in buying out BC Iron’s 75% interest in a suspended iron ore mine for just a $1, ending a seven-year arrangement.
Read MoreFortescue Metals Group topped market forecasts on its final dividend payout, and easily met profit hopes from investors for the year to June 30.
Read MorePeak iron ore for Fortescue Metals Group (FMG)?
Read MoreHigher iron ore prices this year, a campaign of continuing cost cutting and some aggressive debt reduction has seen Fortescue Metals Group shares head towards a strong end to the financial year next week.
Read MoreFortescue Metals Group seems on the way to boosting iron ore exports more than forecast – at a time when prices have hit levels never expected by the company or the industry in 2016.
Read MoreRatings group, Moody’s Investors Service has downgraded Fortescue Metal’s (FMG) credit rating, ignoring the planned deal with giant Brazilian miner, Vale and the recent rebound in world iron ore prices.
Read MoreShares in Fortescue Metals Group were roughed up again for a second day yesterday as the company was forced to defend how it announced the controversial link up with the huge Brazilian miner Vale.
Read MoreFortescue yesterday stunned markets with news of a share and product tie up with Vale, the huge Brazilian iron ore miner, and in doing so, sunk the local market’s strong rebound, sending it lower and ending a six day rally.
Read More|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Error: Contact form not found. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
|
December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
|
DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
|
|
|
|
|
|
|
DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
|
|
|
|
DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
|
|
DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
|
DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
|
Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
DOWNLOAD RESEARCH REPORT
|
DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
|
DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
|
DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
|
DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
|
DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
|
