Australia’s newest gold producer, Manuka Resources (MKR), will commence trading on the ASX on 14 July after raising $7M (35m shares @ 20c) in an IPO that was 100% oversubscribed. Post the raising 249m shares will be on issue, implying a market cap of almost $50M with consolidated debts of $24.66M. The 249m shares on
Monthly Archives: June 2020
Review: Fortescue Metals (19/20FY)
Fortescue Metals is a single bet on China. And this is one bet that is now paying dividends! Fortescue currently produces one product – iron ore; exports to one country – China; operates entirely from one area – the Pilbara; exports through one port – Port Headland; and is driven by one man – Twiggy
Barrick Gold Corporation : June 2020 Overview
Barrick Gold Corporation is an international gold company headquartered in Toronto, Canada, with operating mines and development projects around the world, including third world countries, such as Papua New Guinea and Tanzania. The absolute necessity to build trusted relationships with its host countries around the world through a commitment to the environment, social and economic
Newcrest Mining Limited Review (1st Half 2019/2020 FY)
While its inclusion in the ASX top 20 and a buoyant gold price since December have supported the Newcrest share price over the past few months, soft production numbers in the first half-year to December 2019 will need to be offset by a boost to its gold reserves for the share price to move materially