Australia Financial News

Australia Financial News

Market wrap: tech up, health down after choppy trading – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
After two positive weeks the Australian market ended the week down 1.7%, despite a bit of a late rally with a 0.2% rise on Friday. A combination of worries about the Chinese economy and uncertainty around the US debt ceiling negotiations dragged shares lower but technology stocks went on a tear after some impressive profit
The post Market wrap: tech up, health down after choppy trading appeared first on Small Caps.

Prospech identifies high-grade rare earths and hafnium at Jokikangas in Finland – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Prospech (ASX: PRS) has identified high-grade rare earths and hafnium over 4km of strike within its recently acquired Jokikangas project in Finland. The mineralisation database at the project identified rare earth oxides (REO) within samples of diamond drill core within the Otanmaki area at Jokikangas. Notable results were 0.20m at 24,448 parts per million total
The post Prospech identifies high-grade rare earths and hafnium at Jokikangas in Finland appeared first on Small Caps.

Kingston Resources reports new monthly record for gold sales from Mineral Hill – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Kingston Resources (ASX: KSN) had reported a new monthly record for gold sales from its tailings project at Mineral Hill in New South Wales, totalling 1776 ounces for the three months to end March. The achievement brings third quarter gold sales to a record 4431oz. The project’s all-in-sustaining costs (ASIC) decreased a further 12% for
The post Kingston Resources reports new monthly record for gold sales from Mineral Hill appeared first on Small Caps.

Barton Gold and SensOre form target generation partnership across Gawler Craton tenements – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Barton Gold (ASX: BGD) and mining technology company SensOre (ASX: S3N) have formed an exclusive research and development investment partnership across areas of the central Gawler Craton in South Australia. The companies will work to develop and trial SensOre’s artificial intelligence and machine learning discriminant predictive targeting (DPT) engine to the region, focusing on gold
The post Barton Gold and SensOre form target generation partnership across Gawler Craton tenements appeared first on Small Caps.

Nova Minerals unveils 1.1Bt global resource at Estelle gold project in Alaska – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Nova Minerals (ASX: NVA) has confirmed an increase in the global resource at its flagship Estelle gold project in Alaska to 1.1 billion tonnes grading 0.3 grams per tonne gold for 9.9 million ounces of contained gold. The resource has now grown to four deposits, all of which remain open, and includes what Nova describes
The post Nova Minerals unveils 1.1Bt global resource at Estelle gold project in Alaska appeared first on Small Caps.

RBA showing surprising amount of empathy for renters – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
It is popular to bash the Reserve Bank of Australia (RBA) as distant and uncaring about the plight of the average Australian as it continues to rely on raising interest rates to reduce inflation. However, some interesting research by our central bank has shone a very necessary spotlight on the very real issue of rental
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Receivers take over Sukin brand owner BWX, Silver Mines’ Bowden project gets greenlight and Rio Tinto backs Energy Resources’ raising – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Receivers were called-in for beleaguered BWX (ASX: BWX) after it announced appointed FTI Consulting as voluntary administrators on Monday. The voluntary administration was expected to help restructure BWX and give it the best chance of future profitability after a tumultuous 2022 that drove net profit after tax down more than 1,767% to a $100.8 million
The post Receivers take over Sukin brand owner BWX, Silver Mines’ Bowden project gets greenlight and Rio Tinto backs Energy Resources’ raising appeared first on Small Caps.

Power Minerals reports highest average lithium grades to date at Incahuasi salar – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
A drilling campaign by Power Minerals (ASX: PNN) at the Incahuasi salar within the Salta lithium brine project in Argentina has returned the highest average lithium grades to date and strong brine densities. The final hole in the four-hole campaign intersected lithium-bearing brines in a 60 metre interval under an alluvial fan approximately 1 kilometre
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Tivan signs renewable energy supply deal to support Darwin processing facility – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Critical minerals company Tivan (ASX: TVN) has signed a letter of intent with renewable energy provider Sun Cable to support its planned processing facility in the Northern Territory. Sun Cable is developing one of the world’s largest solar generation, storage and transmission projects in the Northern Territory, known as the Australia-Asia PowerLink (AAPowerlink) project. The
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Imugene advances phase one study of ‘cancer-killing’ virus – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Clinical stage immune-oncology company Imugene (ASX: IMU) has announced it has started dosing a third cohort of patients in the intravenous (IV) and intratumoral (IT) arms of a monotherapy dose escalation trial of its cancer-killing virus known as VAXINIA. The trial is part of the company’s phase one study evaluating the safety of the novel
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Sapphire gas flow more than triples for Blue Energy – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Emerging gas producer Blue Energy (ASX: BLU) has announced a significant increase in the rate of gas flowing from Sapphire pilot production testing project in Queensland’s Bowen Basin. Gas flows have been increasing as the water level over the uppermost coals is slowly lowered in a controlled manner. The company today revealed the current separator
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Challenger Exploration confirms true width of mineralisation at El Guayabo gold-copper project – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
A Phase 2 drilling program by Challenger Exploration (ASX: CEL) at the El Guayabo gold-copper project in Ecuador’s El Oro province has confirmed the mineralisation has a true width over 500 metres along its current 700m strike extent. Drilling of six holes was conducted at the GY-A anomaly along the Main Discovery Zone to enable
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Fin Resources to acquire Mt Tremblant lithium project suite in Canada – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Perth-based junior Fin Resources (ASX: FIN) has reached an agreement with a private vendor to acquire the Mt Tremblant suite of lithium projects in Canada. The suite includes the Cancet West, Ross and Gaspe projects which collectively house 480 granted tenements and five pending claims over a total area of 130 square kilometres. On completion
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Venus Metals and Rox Resources return high-grade results from drilling at Link gold target – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
High-grade results from resource definition drilling by Venus Metals Corporation (ASX: VMC) and joint venture partner Rox Resources (ASX: RXL) have identified significant endowment at the Youanmi gold project in Western Australia. The ongoing 23,000 metre program comprises 12,000m of reverse circulation drilling, 7000m of diamond work and 4000m of near-mine exploration drilling. It is
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RBA puts brakes on interest rate increases, easing pressure on mortgage borrowers – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Filip Karinja]
The Reserve Bank of Australia (RBA) has decided to discontinue its practise of raising interest rates in quick succession and keep the target cash rate at 3.6% amid an environment of “considerable uncertainty”. Since May of the previous year, there have been 10 rate hikes – totalling a 3.5% increase in interest rates. Mortgage holders
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Akora’s pending mining permits continue processing after Madagascar’s EITI upgrade – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Processing of Akora Resources’ (ASX: AKO) pending iron ore mining permits in Madagascar will continue as part of the legal upgrade of the country’s Extractive Industries Transparency Initiative (EITI). More than 50 countries across the world have committed to strengthening the transparency and accountability of their mining and processing sectors using the EITI standard. Madagascar
The post Akora’s pending mining permits continue processing after Madagascar’s EITI upgrade appeared first on Small Caps.

How low can tap and pay fees go? – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
Australians are great adopters of technology, with tap and pay transactions now making up much more than half of all in person transactions. So, it is a bit confronting to find out that the Reserve Bank of Australia, which regulates the payments system, is unsure of how its powers apply to some aspects of the
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Far East Gold starts scout drilling at Aloe Eumpeuk prospect – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Far East Gold (ASX: FEG) has commenced scout drilling at the highly-prospective Aloe Eumpeuk prospect within its Woyla project in Indonesia where recent sampling of loose vein material from artisanal workings identified visible gold. Drilling will comprise an initial six holes for 650 metres to test two parallel veins over a strike length of 300m.
The post Far East Gold starts scout drilling at Aloe Eumpeuk prospect appeared first on Small Caps.

Maiden drilling at Red Hill garnet project returns strong intercepts for Heavy Minerals – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Initial assay results from a maiden aircore drilling campaign at Heavy Minerals’ (ASX: HVY) Red Hill garnet project in Western Australia have returned numerous intercepts exceeding more than 5% total heavy minerals (THM). The company drilled 48 holes for 1815 metres in January and has reported “exceptional” initial results with a best intercept delivering 0
The post Maiden drilling at Red Hill garnet project returns strong intercepts for Heavy Minerals appeared first on Small Caps.

Olympio Metals agrees to farm-in with Liontown Resources over WA lithium projects – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Olympio Metals (ASX: OLY) has agreed to a farm-in arrangement with Liontown Resources (ASX: LTR) over its Mulline and Mulwarrie lithium projects in Western Australia’s eastern goldfields region. Under the terms of the agreement, Liontown will conduct a geochemical program involving 1100 soil samples across the projects within the first year before it can progress
The post Olympio Metals agrees to farm-in with Liontown Resources over WA lithium projects appeared first on Small Caps.

Lake Resources confirms 99.8% grade and purity from testing of Kachi lithium product – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Independent testing of lithium carbonate produced at the Kachi project in Argentina has confirmed grades and purity greater than 99.8% for joint venture partners Lake Resources (ASX: LKE) and Lilac Solutions. Testing was performed by Canadian company Saltworks with independent analysis completed by two third party laboratories. It is claimed to have validated major commercial
The post Lake Resources confirms 99.8% grade and purity from testing of Kachi lithium product appeared first on Small Caps.

Alto Metals confirms increase to shallow resources at Sandstone gold project – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Alto Metals (ASX: AME) has announced a significant update to the mineral resource estimate at its wholly-owned Sandstone gold project in Western Australia. The new figures outline an optimised and pit-constrained total inferred and indicated resource of 17.6 million tonnes grading 1.5 grams per tonne gold for 832,000 ounces, within a $2500 per ounce optimised
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Botala Energy to flow test Botswana well after confirming gas in coalbeds – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Coalbed methane (CBM) explorer Botala Energy (ASX: BTE) has announced the latest developments from is 70% owned Serowe CBM project in Botswana, including its decision to progress to flow testing after confirming gas in coalbeds. The explorer today revealed nuclear magnetic resonance (NMR) logging from its most recently drilled Serowe-7 well suggests sufficient presence of
The post Botala Energy to flow test Botswana well after confirming gas in coalbeds appeared first on Small Caps.

Venus Metals upgrades Bellchambers gold resource – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Venus Metals Corporation (ASX: VMC) has announced an upgrade to the gold resource estimate of its Bellchambers deposit, located within the Sandstone gold project in Western Australia. Following recent reverse circulation (RC) drilling at the deposit, the explorer has increased the estimate to 722,000 tonnes grading at 1.31 grams per tonne gold for 30,500 ounces,
The post Venus Metals upgrades Bellchambers gold resource appeared first on Small Caps.

Reserve Bank faces pivotal decision on interest rates, with potential pause looming – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
This week marks a historic occasion for the Reserve Bank. On Tuesday the board will announce whether it has decided to pause interest rate rises at the current official rate of 3.6%. At the same time, Treasurer Jim Chalmers and many other cabinet ministers will be leafing through the findings of an independent review of
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Market wrap: Australian share market recovers after seven weeks of decline – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
Slowly and cautiously the Australian share market is staging a recovery after seven consecutive weeks of falls. It has been helped along by a change of sentiment on Wall Street, which is now on track for a monthly gain on its main index, the S&P 500. The US market has now risen for five of
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Bank of Queensland gains new chief, Regis gets greenlight for McPhillamys and Liontown rebuffs Albemarle’s latest bid – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Bank of Queensland (ASX: BOQ) announced this week its current executive chair will become the company’s chief executive officer and managing director until December 2024. Patrick Allaway will step down as chair and become the new chief at the Queensland bank. His chair position will be taken up by Warwick Negus. Bank of Queensland said
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Astron Corporation upgrades reserves at critical Donald rare earths and mineral sands project – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Tim Boreham]
Astron Corporation (ASX: ATR) has upgraded the size of its reserves at its flagship Donald rare earth and mineral sands project in western Victoria, which is already one of the world’s largest undeveloped critical minerals assets. The enhanced reserve will support the planned release of a feasibility study in the June quarter, with start of
The post Astron Corporation upgrades reserves at critical Donald rare earths and mineral sands project appeared first on Small Caps.

Classic Minerals closes-in on first commercial gold production at Kat Gap – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
In its final construction update for the month, Classic Minerals’ (ASX: CLZ) revealed its tailings storage facility and bulk earth works for the Kat Gap gold project are 80% complete as it closes-in on commercial production. Representatives from Resource Engineering Consultants (REC) are on-site at Kat Gap and are regulating, managing and testing the storage
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Piedmont and Sayona herald successful re-start of North American Lithium operation – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
After announcing first lithium concentrate earlier this month from North American Lithium (NAL), joint venture parties Piedmont Lithium (ASX: PLL) and Sayona Mining (ASX: SYA) have officially reported the successful re-start of the operation in Quebec. NAL is a hard rock spodumene lithium mine and processing operation and was brought back online for a low
The post Piedmont and Sayona herald successful re-start of North American Lithium operation appeared first on Small Caps.

RemSense builds cash reserves to fast-track growth – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Digital technology company RemSense Technologies (ASX: REM) will have more than $2.75 million to fast-track growth following a placement and entitlement offer. RemSense’s core product is virtualplant, which is a photographic asset visualisation platform that enables assets to be viewed remotely anywhere, any time and from any device via an intuitive, immersive experience. Virtualplant combines
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ChemX Materials signs agreement to enter C4V’s lithium-ion supply chain – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Perth-based ChemX Materials (ASX: CMX) has signed an agreement with American battery technology company Charge CCCV (C4V) to ensure its battery materials meet the requirements of C4V’s technology and qualify for inclusion in its supply chain. Under the terms of the agreement, ChemX and C4V will meet their own costs relating to any studies needed
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Southern Cross intersects bonanza 249.5g/t gold in drilling at Sunday Creek – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Southern Cross Gold (ASX: SXG) has intersected a bonanza 249.5 grams per tonne gold from 691 metres during drilling at the Sunday Creek project in Victoria. The company also reported multiple points of visible gold between 691m and 695.1m depth at the Rising Sun Shoot, making it the second deepest intersection on the project to
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Revolver Resources confirms potential to produce A-grade copper cathode onsite at Dianne project – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Process engineering work at the historic Dianne copper project in north Queensland has outlined the potential for Revolver Resources (ASX: RRR) to produce A-grade copper cathode on site. The work was done using a purpose-built SX-EW (solvent extraction and electrowinning) processing facility at site and was able to demonstrate a site-based solution for the production
The post Revolver Resources confirms potential to produce A-grade copper cathode onsite at Dianne project appeared first on Small Caps.

Patagonia Lithium sets sights on global lithium battery market with upcoming ASX listing – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
With an ASX-listing locked-in for this Friday, Patagonia Lithium has set its sights on the global lithium battery market and is bringing to investors several prospective projects in Argentina’s world-renowned lithium triangle of salt lakes (salars). The company has three lithium brine projects in Argentina that are surrounded by known resources and operations – two
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UNITH unveils latest upgrades to digital human platform for global clients – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Software developer UNITH (ASX: UNT) has revealed the latest progress made to its digital human platform which enables clients to converse with digital humans generated through artificial intelligence (AI). In the last week, UNITH has launched its new website and confirmed its roadmap for 2023 with commercial and technical pathways heading towards a soft launch
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Aguia Resources discovers Cota copper prospect in underexplored southern Brazil – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Brazilian-focused explorer Aguia Resources (ASX: AGR) has unearthed high-grade copper during an initial scout sampling program at the Cota prospect – bringing the company’s total targets in the country’s southern-most region to 11. Copper exploration along Brazil’s Rio Grande copper belt identified Cota, which is 35km away from Aguia’s Andrade copper project. Initial rock samples
The post Aguia Resources discovers Cota copper prospect in underexplored southern Brazil appeared first on Small Caps.

Power Minerals achieves positive results from resource definition drilling at Incahuasi salar – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Lithium exploration and development company Power Minerals (ASX: PNN) has achieved further positive results from resource definition drilling at the Salta lithium-brine project in Argentina. The third hole of a program at the Incahuasi salar was completed to a depth of 205 metres and intersected a total interval of approximately 200m. The hole was drilled
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QMines confirms high copper-gold recoveries from Mt Chalmers core samples – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
New metallurgical work on core samples from the Mt Chalmers project in Queensland has confirmed high copper and gold recoveries for owner QMines (ASX: QML). Testing by Perth-based Como Engineers was designed to maximise gold recovery while achieving a grind and reagent regime suitable to produce a clean copper concentrate containing gold and silver. It
The post QMines confirms high copper-gold recoveries from Mt Chalmers core samples appeared first on Small Caps.

Australian property investments underperform compared to super funds – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
At last, some long-term numbers have been run on the great Australian dream of becoming a landlord and as I have long suspected, it is not the gilded path to riches that so many people seem to think it is. Indeed, the very detailed white paper by Australia’s biggest digital home settlements firm Property Exchange
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Liontown Resources rejects third attempted takeover offer by Albemarle Corp – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Emerging battery metals producer Liontown Resources (ASX: LTR) has rejected an unsolicited indicative takeover offer from Albemale Corporation (NYSE: ALB) on the grounds that it undervalues the company. The offer was received this week and proposed the acquisition of all Liontown shares at $2.50 each via a scheme of arrangement. It was subject to a
The post Liontown Resources rejects third attempted takeover offer by Albemarle Corp appeared first on Small Caps.

Vintage Energy confirms start of production from Vali-3 gas well – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Vintage Energy (ASX: VEN) and joint venture partners Metgasco (ASX: MEL) and Bridgeport (Cooper Basin) have commenced production from the Vali-3 well in the recently-commissioned Vali gas field in the Cooper Basin. Start-up is reported to have taken longer than anticipated as water had accumulated in the wellbore during the 237-day period since well completion
The post Vintage Energy confirms start of production from Vali-3 gas well appeared first on Small Caps.

ASX game integration: investors gain stock market exposure to video games and esports with new ETF – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Tim Boreham]
Exchange trade fund (ETF) Betashares Video Games and Esports’ (ASX: GAME) is the first gaming ETF to list on the ASX, and its performance is showing the importance of video games or esports as a potential investment within a rapidly growing multi-billion-dollar industry. Noobs* who have never heard of Overwatch, Red Dead Redemption and Minecraft
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Ensurance makes strategic investment in fast-growing car insurance retailer, KOBA Insurance – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Filip Karinja]
Insurance underwriting agency Ensurance (ASX: ENA) has taken another step in its Australian growth strategy after agreeing to invest $1.5 million in dynamic car insurance start-up company, KOBA Insurance. Ensurance, which recently sold its UK operations to leading ASX-listed group PSC Insurance (ASX: PSI) to focus on its Australian business, has said it will continue
The post Ensurance makes strategic investment in fast-growing car insurance retailer, KOBA Insurance appeared first on Small Caps.

Bindi Metals picks-up ‘high quality’ critical REE project in Ontario – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Bindi Metals (ASX: BIM) emerged from a trading halt this morning with news it is acquiring a “high quality” rare earths project in northern Ontario, Canada. Under a conditional sale and purchase agreement, Bindi will lock-in an 80% interest in the mining claims that comprise the Schryburt Lake REE-niobium and zinc project. Schryburt Lake is
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ImpediMed’s BIS technology gains recognition as NCCN includes in oncology guidelines for lymphoedema assessment – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
A screening platform developed by ImpediMed (ASX: IPD) for the assessment of lymphoedema is expected to increase its profile with the announcement that bioimpedance spectroscopy (BIS) has achieved inclusion in oncology guidelines released by the National Comprehensive Cancer Network (NCCN). BIS analysis is a noninvasive, low-cost procedure which can accurately measure a patient’s total body
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Aston Minerals reports 78.1% gold recovery from testing of Edleston Main drill core – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Perth-based Aston Minerals (ASX: ASO) has reported gold recoveries of up to 78.1% from gravity-only beneficiation of drill core from the Edleston Main prospect in Canada. The company contracted SGS Lakefield laboratories to conduct heavy liquid separation and superpanning on two samples to determine the potential gravity recovery of gold mineralisation. Analysis showed 78.1% recoveries
The post Aston Minerals reports 78.1% gold recovery from testing of Edleston Main drill core appeared first on Small Caps.

92 Energy drilling highlights substantial scale and high grades at Gemini uranium discovery – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Results from 92 Energy’s (ASX: 92E) winter drilling campaign at the Gemini uranium discovery in Canada’s Athabasca Basin have highlighted scope for substantial scale and high grades. Mineralisation containing up to 6% uranium oxide equivalent was intersected during the campaign, which comprised 16 holes for a total 4295 metres of a planned 4000m. Of this,
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Australian household wealth plunges amid falling property prices and rising interest rates – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
It was hardly a shock but the latest Australian Bureau of Statistics (ABS) wealth data exposes a real wall of worry. Household wealth dropped by $57.4 billion or 0.4% over the December quarter, with modest gains in super accounts totally outstripped by falling property prices to leave Australian families poorer. Since then, even those super
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Market wrap: worst losing streak since the GFC continues – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : John Beveridge]
Try as it might the Australian share market has put in its seventh weekly loss and is now sitting on its longest losing streak since the middle of the GFC back in 2008. On Friday the ASX 200 index shed 0.2% to 6955.2 points, down 0.6% for the week. There were a few broad factors
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Block dives amid Hindenburg fraud claims, KMD Brands back in profit and Wyloo bids for Mincor – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Shares in Afterpay-owner Block (ASX: SQ2) dived more than 26% on the ASX across the latter half of the week after short-seller Hindenburg Research published a scathing report accusing it of fraud on Thursday. Hindenburg claimed its report was based on a two-year investigation into Block, which found it had willingly “facilitated fraud” against consumers
The post Block dives amid Hindenburg fraud claims, KMD Brands back in profit and Wyloo bids for Mincor appeared first on Small Caps.

Pure Hydrogen investee H2X gears up for a big 2023 – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Clean energy focused Pure Hydrogen’s (ASX: PH2) investee H2X Global has a big 2023 ahead – targeting the delivery of hydrogen fuel cell trucks to its European customers, and kicking-off manufacturing in India with its joint venture partner, Advik Hi-Tech. Pure Hydrogen owns 23% of the Australian vehicle manufacturer H2X. H2X recently inked a memorandum
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Nagambie Resources increases mineable antimony-gold intersections further at namesake project – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
The number of mineable antimony-gold intersections has increased again at Nagambie Resources’ (ASX: NAG) namesake project in Victoria, with latest assays revealing the highest-grade antimony intercept to-date. Nagambie previously operated in the 1990s as a heap leach gold operation and retains a mining licence. Latest assays are from four holes drilled at the project and
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Coda Minerals outlines ‘financially robust’ long-life copper-cobalt mine in South Australia – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Filip Karinja]
Perth-based copper developer Coda Minerals (ASX: COD) plans to forge ahead with a pre-feasibility study after a delivering a positive scoping study on its flagship Elizabeth Creek copper-cobalt project, located in the heart of South Australia’s Olympic copper province. The scoping study, which focused on the sedimentary copper-cobalt mineralisation that sits above Coda’s recent deeper
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Andrew Forrest sparks a merger and acquisition race for small miners – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Tim Treadgold]
Iron ore billionaire and green energy crusader Andrew Forrest has just fired the starter’s gun on what’s likely to be a wave of merger and acquisition (M&A) activity among small miners. Forrest’s $760 million bid for nickel miner Mincor (ASX: MCR) is set to succeed, not because it’s a particularly generous offer, it’s more case
The post Andrew Forrest sparks a merger and acquisition race for small miners appeared first on Small Caps.

Mamba Exploration begins drilling gravity REE target at Hyden – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Lorna Nicholas]
Mamba Exploration (ASX: M24) has begun a shallow drilling program at the recently identified gravity anomaly within its Hyden rare earth element project in Western Australia. The program will involve aircore and reverse circulation drilling and total about 50 holes for 2,500m. Mamba plans to use portable XRF (pXRF) to scan the drill core at
The post Mamba Exploration begins drilling gravity REE target at Hyden appeared first on Small Caps.

BPH Energy resumes trading following PEP-11 controversy – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Danica Cullinane]
Oil and gas investment company BPH Energy (ASX: BPH) has returned to ASX trading from a three-month suspension after clarifying details around its controversial PEP-11 offshore gas project. The company, which owns 36.1% of the offshore NSW project’s operator Advent Energy, today released an announcement to the market that clarifies comments made in news articles
The post BPH Energy resumes trading following PEP-11 controversy appeared first on Small Caps.

JP Morgan’s $2m nickel consignment turns to stone, LME investigates – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Nickel received by trading house JP Morgan from the London Metal Exchange (LME) has turned out to be just bags of stone. The mix-up occurred at a warehouse owned by LME-approved firm Access World in Rotterdam where bagged nickel briquettes were found to not have the correct weight. The consignments turned out to be filled
The post JP Morgan’s $2m nickel consignment turns to stone, LME investigates appeared first on Small Caps.

Akora Resources makes high-grade iron hits in infill drilling at Bekisopa Southern Zone – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
Infill drilling by Akora Resources (ASX: AKO) at the Bekisopa Southern Zone in Madagascar has confirmed significant areas of high-grade iron mineralisation. Drilling of a total 86 holes produced strong results, with 72 holes intercepting direct shipping ore (DSO) mineralisation as well as areas within the weathered zone and from surface which are suitable for
The post Akora Resources makes high-grade iron hits in infill drilling at Bekisopa Southern Zone appeared first on Small Caps.

Aguia Resources confirms robust economics for Três Estradas organic phosphate project – Loans for Stock in Australia

This content is created by Smallcaps Authors. [Author : Imelda Cotton]
A bankable feasibility study (BFS) for the Três Estradas organic phosphate project in southern Brazil has confirmed robust economics for owner Aguia Resources (ASX: AGR). The $26.2 million project is based on the production of an organic phosphate fertiliser by the open pit mining of high-grade saprolitic ore to produce 316,000 tonnes per year of
The post Aguia Resources confirms robust economics for Três Estradas organic phosphate project appeared first on Small Caps.

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Global Securities Lenders, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

Global Securities Lenders, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with Global Securities Lenders, LLC’s internal lending policies. Global Securities Lenders, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

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Frequently Asked Questions

What Is Securities-Based Lending?

Securities-based lending, or a stock loan, is the practice of using market investments such as stocks, ETF’s, warrants, bonds, or real estate investment trusts as collateral for a loan.

How much money can I get for my securities?

Borrow up to 70% of the value of your pledged investments giving you the capital you need to expand your business, purchase real estate, or tackle a costly project.

What happens if my securities lose value?

With a non-recourse stock loan, you can walk away from your securities at any time and keep the loan money with no negative credit consequences even if the investments lose value.

Is my information safe with GSL?

We pride ourselves on outstanding service and make client confidentiality our top priority. You can always be absolutely certain your information is safe with us.

How long does it take for the disbursement of funds?

Most of the transactions we process take less than 7 days from application to the disbursement of funds giving you cash quickly when you need it most.

What credit score do I need to qualify?

There are no credit checks or personal guarantees necessary with our services. Your pledged securities are the only collateral required for the loan you receive.

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