THE BOURSE WHISPERER: Australian nickel producer Mincor Resources has flagged its intention to undertake an on‐market buy‐back of up to 20,018,000 of its shares. This effectively amounts to being approximately 10 per cent of the company’s share capital. The company said the share buy‐back provides an effective mechanism for it to return excess cash to […]
THE BOURSE WHISPERER: Hastings Rare Metals has entered into an agreement with Artemis Resources to acquire a 60% interest in the Yangibana rare earth project located in the Gascoyne region of Western Australia. The deal will result in a boost to Artemis’ coffers to the tune of four million dollars. “The sale to Hastings Rare […]
THE DRILL SERGEANT: Castlemaine Goldfields has released results from exploration diamond drilling on the Sulieman Line of mineralisation at its Ballarat gold project. These results are from the Basking Fault Zone (BFZ) in the Llanberris compartment and build on the knowledge Castlemaine has gained from exploration success in the adjacent Britannia compartment. Best results came […]
THE BOURSE WHISPERER: Leighton Contractors, in consortium with New York-listed advanced technology, services and finance company GE, has been awarded a $130 million contract by the Verve Energy and Macquarie Capital joint venture for the Mumbida Wind Farm development, 40 kilometres South-East of Geraldton in Western Australia. According to the Leighton announcement the development will […]
THE DRILL SERGEANT: Gold Road Resources has hit a fairly substantial intercept of 13 metres down the hole (~4 metre true width) at 40.1 grams per tonne gold from 426 metres or 5 metres at 104 g/t gold, including 1 metre at 480g/t gold. The interception was recorded from the deepest hole drilled to date […]
THE BOURSE WHISPERER: Western Australian Goldfields neighbours Focus Minerals and Crescent Gold have decided to combine their houses. The two companies made a joint announcement telling the market they have agreed to merge by way of a conditional off-market takeover bid by Focus for all of the issued shares in Crescent. Keeping the mood friendly […]
A protracted and ultimately unsuccessful take-over bid for the company has given burgeoning Pilbara-focused iron ore producer BC Iron a steely resolve. In January 2011, BC Iron announced Hong Kong-listed Regent Pacific was offering to acquire all existing BC Iron shares not already owned by it for cash consideration of $3.30 per BC Iron share. […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled: ZYL Limited director resignation […]
THE BOURSE WHISPERER: Centaurus Metals has acquired a portfolio of tenements in south-eastern Brazil known as the Serra do Lontra project. The company views the acquisition to be the initial basis of its strategy to export one to two million tonnes per annum of high-grade hematite to international markets by mid-2014. The Serra do Lontra […]
THE BOURSE WHISPERER: ASX-listed Indian Sandalwood producer TFS Corporation has priced an offering in the international markets to raise US$150 million. TFS has over 4,500 hectares of Indian Sandalwood trees established in the Kimberley region of Western Australia. The money will be raised through the issue of 11% Senior Secured Notes due 2018 and Warrants […]
