Good morning NRW people and I hope everyone had a good weekend.
I did my first Halloween, having made friends with a bunch of kids who frequent the nearby park.....
I spread old leaves and a few squashed plastic bottles all round the front door and put out some dead pot plants to add to the vibe, then set up a wolf howling clip to play from the garage when they knocked ...
And a sign that said ‘Danger ‘Ware Wolves’ on a rickety portable fence ...
..with scarey pomegranate molasses hand prints all over it.
Nobody knocked.
I ate all the chocolate bullets and lots of M&Ms... and the chocolate almonds ... and thankfully gave most of the rest to my neighbour on Sunday.
So much for that eh?
And I noted during my sugar high that NRW was still advertising for staff for a mystery PILBARA job (mostly it names the project it is seeking workers for) using what I like to think are the secret code words for new contracts - “make your mark on the project” (as used for Nathan River Resources in the NT.) (NB reborn GCY also gets this ‘code’ sometimes)
The work is apparently at an iron or gold project in the Pilbara ..
And various ads have been running for a while (which means it might be big?)
....and hopefully -if it is a new project- it will engage the Altura crew who were apparently expelled with their equipment on Friday from that project - now in receivership.
https://www.seek.com.au/job/5069871...estToken=dff89089-4973-4b43-88cc-a29d496c1ee2 This is an exciting time to join NRW Civil & Mining as we are now seeking an experienced Senior Mining Engineer with an extensive background working in the Mining industry to assist in the delivery of our Project based in WA. This Project is based in the Pilbara and will be FIFO from Perth on a family friendly 8/6 roster. To be considered for this position you must possess the following as a minimum:
5 years’ experience working in a production Mining environment within Australia
Proven supervisory experience in a high paced productive team
Previous experience working on an iron ore or gold Project
Experience in the operation of Caterpillar, Komatsu and Hitachi earth moving equipment
Ability to lead, develop and mentor team members
Current Australian Driver's Licence
Etc
And something more on the plethora of potential projects in the pipeline
The ASX said there were up to 50 companies active in the IPO pipeline through its Perth office, 90 per cent of which were resources-focused. Credit: News Corp Australia
The Australian Securities Exchange has confirmed it is the most prolific market in the world for resources company capital raisings — thanks in large part to WA miners and explorers.
New data compiled by Dealogic and the ASX shows 1800 resources companies raised $28 billion from January 2017 to September this year.
The figure included raisings by listed companies and initial public offerings. Only the New York Stock Exchange recorded a higher figure, of $53b — but that involved raisings by just 100 resources companies.
Toronto Stock Exchange, which is closer in size and composition to the ASX, raised $17b for about 500 companies
.
ASX executive general manager of listings, Max Cunningham, said WA would represent a sizeable chunk of $28b raised.
“All of that tells you that there’s a huge amount going into the WA mining and exploration community,” he said.
Since mid-March, 300 resources companies have raised more than $7b on the ASX.
Cash has flooded into the junior gold sector amid record prices and upbeat sentiment for the metal, with explorers and developers quick to tap the market for cash to fund extra activities.
The ASX said there were up to 50 companies active in the IPO pipeline through its Perth office, 90 per cent of which were resources-focused.
A majority of these floats are small raisings in the gold exploration sector, but WA Kaolin is pushing ahead with a $22 million float. BCI Minerals made the most of a confident shareholder base to raise $47.9m for development of the Mardie salt and sulphate of potash project.
Ravensthorpe gold project owner ACH Minerals in September unveiled plans to raise up to $40m in a sharemarket float ahead of a final development decision by the end of next year for the 673,000oz endeavour.
Companies with market capitalisations less than $100m have accounted for 85 per cent of the ASX raisings and 76 per cent were for players with valuations below $50m. Just 10 raisings were for companies with market capitalisations of $100m or more.
Mr Cunningham said there had been a rush to list before the US elections given concerns about a potentially uncertain outcome that could drag on.
However, he said the market was now more confident of a clear-cut result, given the strong polling for Democrat Joe Biden.
(20min delay)