Fortescue Metals Group (FMG) shares eased yesterday after the country’s Number 3 iron ore miner and exporter maintained interim dividend payout to shareholders after reporting a slight dip in earnings for the six months to December.
Read MoreFortescue Metals Group (FMG) has lifted production and lowered costs, but seen its product suffer a bigger pricing discount during the December quarter as the global iron ore market has become more oversupplied.
Read MoreFortescue Metals Group (FMG) has paid down another tranche of debt and reduced its net debt position by $US600 million, after a strong quarter of cash generation and slightly lower sales.
Read MoreFortescue Metals Group (FMG) shares went for a little run in yesterday’s market surge on the oddest of stories that the iron ore miner has been approached to sell stakes in its operations.
Read MoreShares in Fortescue Metals (FMG) plunged sharply yesterday as the slide in stockmarkets (especially in China) overcame any encouragement investors could find in what was a weak 2014-15 earnings report that contained the surprise news of a small dividend payment.
Read MoreA spark of interest in shares on Fortescue Metals Group (FMG) after Bloomberg reported that Chinese companies were interested in buying a share of the troubled iron ore miners WA assets.
Read MoreThe market didn’t like the news from Fortescue Metals’ (FMG) quarterly and June financial year production report yesterday, which contained some promising news on costs and production.
Read MoreFortescue (FMG) shares went for a big run up yesterday after iron ore prices spiked higher overnight Wednesday and the company revealed it had finally got a bond raising away, a month after aborting an earlier attempt.
Read MoreA defiant Fortescue Metals Group (FMG) yesterday claimed that it can continue to generate cash despite the price of iron ore plunging to decade-lows earlier this month.
Read MoreFortescue Metals Group (FMG) founder and chairman Andrew Twiggy Forrest did his best again to wave a big red flag to his creditors yesterday and tell them the iron ore miner’s finances remain strained.
Read MoreFortescue Metals (FMG) shares hit a new all time low yesterday after the embattled iron ore miner abandoned a $US2.5 billion refinancing.
Read MoreYesterday’s big refunding deal from Fortescue Metals Group (FMG) failed to move investors, but when complete in a couple of weeks time, it will go a long way to easing an emerging concern about the company’s debt burden over the next five to eight years.
Read MoreForget the interim results for Fortescue Metals Group (FMG) delivered yesterday and the claimed ‘beat’ on market forecasts.
Read MoreJudging by the tone of yesterday’s commentary from Fortescue Metals (FMG) and senior management, the company reckons it will be able to avoid being forced to write down the value of its WA iron ore mining and export assets.
Read MoreAccording to media reports, Fortescue Metals (FMG) only just broke even in the September quarter as prices for its lower quality iron ore fell.
Read MoreGlobal iron ore prices fell to a new five year low overnight Wednesday, and is looking to go lower.
Read MoreFortescue Metals (FMG), the country’s third placed iron ore miner and exporter has reported record earnings of $US2.74 billion profit for the year to June 30, and doubled dividend payout to shareholders.
Read MoreAt Fortescue (FMG), yes the company missed those market estimates (because of the wet weather, a normal seasonal event in the Pilbara) but the tonnage shipped was still a record.
Read MoreAs was expected, Fortescue Metals Group (FMG) has joined in the dividend surge in the current reporting season, especially from the resources sector.
Read MoreBad weather may have hurt Fortescue’s (FMG) prospects for better than forecast shipments of iron ore in the year to June, but yesterday the company had to ride out a small storm on the market when the nervous nellies took fright at the news and briefly sold down the shares.
Read MoreThe good news from the iron ore sector continued yesterday with Fortescue Metals Group (FMG) revealing a solid rise in production and exports in the three months to June, and an end to mooted asset sales, thanks to a surge of cash in the bank.
Read MoreFortescue Metals Group (FMG) has joined BHP Billiton and Rio Tinto in surprising investors with higher iron ore production and sales for the three months to June and for the 2012-13 financial year.
Read MoreA combination of a weak stock market, the worse than expected early figures from the monthly survey of Chinese manufacturing and a surprising downgrade of its iron ore production target for 2012-13 saw shares in Fortescue Metals Group sold off sharply yesterday.
Read MoreThe surge in Chinese iron ore imports last November and December also helped Fortescue Metals shipped a record 14.77 million tonnes of ore in the December quarter, beating its own guidance.
Read MoreLast week it was Rio Tinto which reported that its WA iron ore business did record numbers in the September quarter.
Read MoreShares in Andrew "Twiggy" Forrest’s Fortescue Metals Group climbed above $7 yesterday for the first time since September 2008 (when it was crashing as the credit crunch bit hard) after it issued an encouraging quarterly report for the three months to December.
Read MoreAnd Fortescue Metals yesterday issued another announcement concerning contracts and shipping arrangements: this time it is reviewing the legal status of shipping contracts that have been suspended or delayed.
Read MoreIron ore miner, Fortescue Metals (FMG) rose as much as 12.5% on Friday after the company has undergone reorganisation of capital where each share has been split into ten.
Read MoreBHP Billiton and Rio Tinto's Pilbara antagonist, Fortescue Metals Group continues to get bigger and more irritating.
Read MoreThis morning Fortescue Metals Group (FMG) requested a trading halt of its shares pending an announcement.
Read MoreFortescue Metals Group rose by as much as 26% today after the iron producer said it made a massive new iron ore discovery in the Pilbara region in Western Australia.
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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. |
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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. |
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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. |
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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. |
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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).
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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