Short Term Trading Week Starting: 1st Aug, page-12

Weekly Fundamental and Technical Analysis Prospects - Week Starting 1st Aug 2016 (No. 227)

Here’s this week’s FA and TA List. The newer items first and those carried forward from last week towards back of list (some of the items from last week have a time horizon of more that one week).
All listed market caps are undiluted (and do not include escrowed shares) (Note: Max time for any entry on list will be 4 weeks after which time it will be removed).

Important Note: Remember just because it appears on the list does not necessarily mean it will rise in price... it may actually fall or do nothing. So it is critical that you perform detailed research on each stock first and make your own mind up to whether invest or not. I suggest you run a stop-loss at all times when trading/investing. How tight your stops are depends on your threshold to risk and financial pain. Lastly I take no responsibility for the accuracy of the information provided by the Hotcopper posters that have contributed leads/tips to the Short Term Trading Competitions below as I do not have the time, nor resources to research and verify the information that has been provided by them. Best of Luck.!



Weekly Fundamental Analysis Prospects


QUR - Gold and base metals in WA and NT [1/08/2016]
Market Cap: $3.8m Share Price: $0.023 Shares: 168.14 Million Quantum Resources Limited (Quantum) is an Australia-based company, which is engaged in mineral exploration. The Company is an Australian explorer with a suite of projects in Western Australia and the Northern Territory. Its projects are located on granted titles and are prospective for gold and base metals. Quantum's Telfer project consists of a single exploration license in an area of six kilometres from the Telfer Gold mine. The Company's Telfer deposit is an ore reserve of approximately 6.3 million ounces of gold and approximately 0.295 million tons of copper with in a mineral resource of approximately 15 million ounces of gold. The Company's Tanami (Officer Hill JV) project is located within the Tanami geological prominence. It holds a single exploration license located 34 kilometres southwest of the Callie gold mine, which is owned by Newcrest Mining Limited. The Company's Officer Hill JV project is a prospective for gold mineralization. Highlights Quantum Resources to acquire rights to earn an interest up to 95% of the Thomson Brothers Lithium Project in Manitoba, Canada –ranked as one of the top mining jurisdictions in the World Project comprises 18 contiguous claims covering1829 acres in Manitoba, Canada. Drill indicated and possible total resource calculation of 4,305,000 tonnes @ 1.3% LiO2for the deposit. These estimates are historical estimates and are not reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the historical estimates as mineral resources and/or reserves in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code. Claims had until recently been privately held by local prospector for twenty years. Binding commitments received for a placement to sophisticated investors of $288,000(before expenses of the offer). The Company has assembled a team of Canadian based technical consultants to commence exploration and development activities upon completion with a priority on conducting exploration works to seek to verify, and enable reporting of, historical works in accordance with the JORC Code as soon as possible. https://research.iress.com.au/ids/o...13A20000050EFE3ADB0CAE4405A7F1500AD430000&ppv= Quantum Resources Limited (ASX: QUR)(“QUR” or the "Company”)is pleased to announce that, following its market update on 1 July 2016, the Company has satisfactorily completed due diligence investigations in respect of the proposed acquisition of Manitoba Minerals Pty Ltd (“MMPL”), a private company which holds rights to earn up to a 95% ownership interest in the Thompson Brothers Lithium Property in Wekusko Lake, Manitoba, Canada (“Project”).The Company has also entered into a formal Share Sale Agreement with each of the shareholders of MMPL, the execution of which represents satisfaction of a key condition to completion of the MMPL acquisition. The Share Sale Agreement remains conditional upon: ? the parties obtaining various shareholder, regulatory and third party approvals; ? MMPL formalising (on terms satisfactory to the Company) its rights to the Project, which are currently subject of a Heads of Agreement with Ashburton Ventures Inc. (“ABR”); ? the Company completing a subscription for shares in ABR to enable it to satisfy certain financing commitments under the terms of the Option Agreement between ABR and Strider Resources Limited (which were outlined in the Company’s ASX announcement on 12 May 2016), a condition which the Company expects to satisfy in the coming days; and ? completion by the Company of a capital raising, by way of share placement, of $400,000.Each of the above conditions are required to be satisfied no later than 31 August 2016, although MMPL and QUR have agreed to act reasonably to extend this deadline if required. https://research.iress.com.au/ids/o...3A20000050
EFE3ADB0CAE4405A7F1500AD430000&ppv= Meet my 'True Blue Mate' - 7,490 posts short of a legend
Poster: Wazza3006 (STT Accuracy: 34% - Ranking No.34 )
http://hotcopper.com.au/posts/18401001/single (Mcap: $4.4m)


ZAM - Shell company [1/08/2016]
SOI: 64m MC: 3.2m Cash: $3.03m Top 20: 72% as at 27 August 2015 (from annual report) Negative EV June quarterly report vs April quarterly report suggest the company is close to announcing potential business acquisition. ZAM quarter.pngZAM.png
Poster: TraderNin (STT Accuracy: 34.5% - Ranking No.33 )
http://hotcopper.com.au/posts/18410320/single (Mcap: $4m)


GTE - Base metals and gold explorer WA [1/08/2016]
SOI: 261m MC: 4m Cash: $39,000 Recent CR: 24.5m shares at 1.5c to raise $368,000 Near term catalyst: DRG.png
Poster: TraderNin (STT Accuracy: 34.5% - Ranking No.33 )
http://hotcopper.com.au/posts/18410284/single (Mcap: $4m)


DRG - Shell Company [1/08/2016]
SOI: 106m MC: 3.2m Cash: $1.982m Comparing the current quarterly report to April's report, it seems the company is close to acquiring new project - particularly resource sector. They also have board restructure last week with Mr.Warren Staude being the director of the company - who has over 45 years experience in the mining industry specialising resource investment, evaluation and management. From memory he is the director of SHE which 10 bagged last year. DRG.png DRG.png
Poster: TraderNin (STT Accuracy: 34.5% - Ranking No.33 )
http://hotcopper.com.au/posts/18410237/single (Mcap: $3.4m)


DAU - Shell looking for acquisitions/Gold explorer [1/08/2016]
Dampier Gold Mcap $3m approx Cash $1.7m Shares 95.74m Plutonic Dome Gold Project WA On 3 March 2016, DAU shareholders approved the sale to Vango Mining Limited (Vango) of the Company’s interest in the Project for the following consideration: (a) Non Contingent Component: $2,200,000 (excluding GST) to be paid on settlement. various royalty payment scenarios - see quarterly Settlement for the sale has commenced and the parties expect it to be finalised in early August. Completion of the sale of the Project will give Dampier unencumbered >$4M in cash, the prospect of additional cash payments and a royalty stream with the development of the Project. Dampier reviewed several potential new business acquisitions. Assessment of other acquisition opportunities, as and when they may arise, will continue. This payment should occur soon - early August. VAN claim the funds necessary are pledged by board members and large shareholders. VAN currently has approx $2m cash The market is pretty well saying VAN will not make th
e payment to DAU from its' current price Dooley for P.M Emus live in pairs, or alone, or in groups and feed by day. Or night Russell Coight
Poster: speckledjim1 (STT Accuracy: 47.8% - Ranking No.17 )
http://hotcopper.com.au/posts/18409810/single (Mcap: $2.8m)


NIU - Gold and Silver in PNG [1/08/2016]
Gold/Silver producer in PNG...tin and tungsten in Tasmania Market Cap $7m, Cash $115k. Now cash flow positive producer 1.45bn shares. (T20 circa 50% hard to work out) Current Quarter [?IMG] Part of the balance sheet includes a proceeds from a loan to TNT mines, a company they own 3/4. Factoring in this loan, the cash position is not a precarious as one initially assumes. Latest drill results "Drilling of the Enterprise area is scheduled to commence first and is planned for the current quarter using our rigs." Production PNG Current operation is pilot mining. Now cash flow positive Production for the period 1 April to 30 June, 2016 was 9862.5g (317 ounces) of gold and 8729.1g (287 ounces) of silver for total sales of AUD$526,000 (PGK1,233,045 ) A significant boost in production only occurred in the last month.....lending itself to this statement...... "as a result of this improved cash position and outlook the planned capital raising foreshadowed in the previous Quarterly Report has been put on hold." At current gold prices and exchange rates the current operating cost break-even production level at Edie Creek is approximately 2350 grams (76 ounces) of gold per month. In order to be in a position to operate profitably at significantly lower ore grade levels (circa 2g/t), orders are currently being placed with a Chinese supplier for a larger ball mill (5t/h capacity), a roller crusher, two vibrating feeders (10t/h) and 2 two small conveyor belts.This will increase the daily processing capacity to 50 to 60 tonnes in a single shift, and will cost approximately AUD$40,000. [?IMG] Reserves PNG None yet. A detailed drilling program was finalised for the Enterprise and Karuka vein systems, with 10 shallow holes (35-50m each) planned for Enterprise and up to 20 shallow holes (35-50m each) planned for Karuka. It is anticipated that on completion of each of these respective drilling programs, and taking into account past exploration and geological data, a JORC indicated resource could be achieved for each of these vein areas. Drilling of the Enterprise area is scheduled to commence first and is planned for the current quarter using our rigs. TIN IN TASMANIA NIU own 75% of TNT Mines is focused on the evaluation and development of its tin, tungsten and fluorspar projects in Tasmania. The Company holds projects in Northern Tasmania that have excellent potential for rapid evaluation and development. Independent valuation of $4m and proved up $6-$12m.
Poster: specgoldbug (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18409667/single (Mcap: $7.4m)


MGV - Gold and base metals in Australia [1/08/2016]
Australian focused gold and base metal exploration company Market Cap $8.8m, Cash post SPP circa $4m. No debt Largest Shareholder Silver Lake Resources (ASX-SLR), 2nd Largest Independence Group (ASX-IGO), 4th Largest Barrick Gold (NSE-ABX) Only circa 150m shares on issue post SPP. (T20- 42% subject to change) MD was a critical member of the WMC Resources Limited exploration team that discovered the massive Nebo and Babel nickel/copper/PGM deposits at West Musgrave in 2000. The farm-in project with Silver Lake resources at Cue put them in the middle of surrounding producers Ramelius Resources, Metals X, Gascoyne Resources and Silver Lake Resources, on a proven gold bearing shear. Announcements shared with SLR holders Musgrave still hold tenements covering an area of 25,000km2 - approximately 2.5 per cent of South Australia, one of the least explored exploration frontiers in Australia, which will eventually become even more accessible with the Outback Way road development. [?IMG] The Moyagee Project hosts a combined JORC (2012) and JORC (2004) compliant total Mineral Resource base of 1.9Mt @ 2.0g/t Au for 126,900oz The Hollandaire Copper Project hosts a JORC (2004) compliant total Mineral Resource base of 2.0Mt @ 1.9% Cu for 38,800t of contained copper and 2.7Mt @ 5.8g/t Ag for approximately 495,000oz contained silver and 0.52Mt @ 1.35g/t Au for 22,500oz contained gold In 2012, Silver Lake reported at Mount Eelya, which is located about 6 kilometres north of the Hollandaire copper-gold deposit, Highlight assays 7 metres at 9.9% zinc, 1.2% copper, 0.3g/t gold and 12g/t silver from 29 metres, including 1.3 metres at 34.6% zinc from 29.6 metres; and 2.3 metres at 9.9% zinc, 0.5% copper and 17g/t silver from 19 metres. "The potential for a 10 kilometre long base metal/gold corridor is unfolding" they reported The Rapier pit is located within this corridor and was mined by Newcrest in 1993 Now by all accounts this is very high grade, shallow Zinc deposit Another potential future kicker to the Zinc story for MGV, is they agreed with a subsidiary of Terramin to terminate its Menninnie Dam Mining Farm-In JV. As part of the termination, (Terramin) agreed to pay Musgrave an amount equal to 1% NSR in respect of all minerals produced from each of EL5039 (Menninnie Dam) and EL4813 (Nonning) ---JORC 2004 compliant Inferred Resource totalling: 7.7Mt @ 3.1% Zn, 2.6% Pb and 27g/t Ag, at a 2.5% Pb+Zn cut-off -------- Their Market Cap sticks out like a sore thumb in this proven, deep, gold bearing region
Poster: specgoldbug (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18409692/single (Mcap: $8.8m)


OBJ - Biotech [1/08/2016]
After years of quiet and slow progress OBJ has proven up its Tech with global fmcg Powerhouse p&g and had trials and products tested. PR has been muted but an 'article' in the weekend Australian suggests OBJ are primed for global commercialisation and major licence agreement s being signed imminently. Expect a Trading Halt Monday.
Poster: papachango (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18409473/single (Mcap: $138.4m)


AYR - Gold in WA [1/08/2016]
Market Cap: $7.8M Shares on Issue: 712M (9M unlisted options) SP: 1.1c Cash on hand: $1,265M Drilling was due recently and quarterly activities report (29/7) reported low-grade gold mineralisation on the Django trends. However, next targets will begin immediately with approx. 22,000m of AC drilling to commence in the middle of August at Crack of Dawn and south of Django. JV with Doray (ASX-DRM) at Horse Well will continue with an extensive exploration campaign. The company has a low cash burn rate with an ongoing cost minimisation policy in place. SPP in April 2016 to sophs raised $1.3M @ 1.1c.
Poster: NYTRYDA (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18396966/single (Mcap: $7.1m)


IAM - Fintech offshore financial planning [1/08/2016]
SRT is due to relist from suspension as IAM fintech offshore financial planning. Shares on issue 875, 587 815 market cap 23 mil cash $868,859 before recent fully subscribed placement to raise $3.48 mil SRT rto has been a difficult birth due to ASX rules and complexity of takeover target. When details of deal announced in Jan 2016 the 2c placement killed any run up. Many trader thought they could sell and buy back at 2c wrong the placement went to Industry insiders with no retail participation. Relist date was week commencing 25th July but now could happen any day. [?IMG] 20
Poster: Malaga (STT Accuracy: 80% - Ranking No.1 )
http://hotcopper.com.au/posts/18407188/single (Mcap: $0m)


ERL - Gold in Australia [1/08/2016]
Empire Resources Ltd (Gold explorer moving to producer in WA) Market Cap $9m, Cash $1.3M, Shares 387,201,475 Empire Resources Ltd holds a 60% direct interest in the Penny’s Find gold project situated on granted Mining Lease 27/156. The remaining 40% interest is held by unlisted Brimstone Resources Ltd (‘Brimstone’). Penny Find’s total in-situ mineral resource extends to 250m below surface and remains open at depth. High grade gold mineralization is hosted by quartz veins at the contact between sediments and basalt. Both oxide and fresh mineralization are free milling with 98% and 99% recoveries achieved in recent testwork respectively. There is also a high gravity recoverable gold component, 53% for oxide and 85% for fresh. Recent Drilling results released to market (27/07/2016) confirms high grade gold intersections at shallow depths confirming the original geological interpretation. Better results include: 6m @ 3.52g/t Au from 11m depth in PGC010 7m @ 11.39g/t Au from 27m depth in PGC032 5m @ 13.58g/t Au from 32m depth in PGC036 3m @ 13.44g/t Au from 35m depth in PGC039 5m 6.33g/t Au from 23m depth in PGC040 11m @ 5.36g/t Au from 28m depth in PGC047 12m @ 4.94g/t Au from 4m depth in PGC056 19m @ 5.85g/t Au from 3m depth in PGC060 8m @ 2.77g/t Au from 3m depth in PGC064 3m @ 10.93g/t Au from 9m depth in PGC071 Note: first tip and 2nd post. 12
Poster: Jase77 (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18404943/single (Mcap: $8.9m)


MDI - Gold in West Africa and Australia [1/08/2016]
Middle Island Resource Limited (ASX: MDI) SP: 7.3c MC: $34.23 Million Shares: 469,000,000 ordinary Cash as at 30th June 2016: $3.6Million Middle Island Resources Limited (ASX:MDI) is a gold exploration and development company focused on Australia and West Africa. Catalysts: There have been a number of significant developments for the company in recent months. 1. file:///C:/Users/Richard/Downloads/nASX9NNttk_MDI_1469168234.pdf As outlined in the Quarterly Report for the period ended 30 June 2016, The Company raised an aggregate of $5.45 million (before costs) during the quarter by way of two heavily over-subscribed Placements and a Rights Issue. The proceeds of the Rights Issue were not reflected in the cash balance at 30 June 2016, leaving the cash position at A$3.6 million and no debt. 2. On 8 May 2016, Middle Island announced a binding agreement to acquire a 100% interest in the Sandstone gold project, located in the East Murchison gold district of Western Australia. The acquisition, completed on 11 July 2016, includes substantial gold resources, several significant brownfields and greenfields exploration targets, a 600ktpa carbon-in-pulp (CIP) gold processing plant (on care and maintenance), significant associated infrastructure, camps, and a substantial inventory of equipment and spares. 3. Securing a new gold project that meets the following key criteria:- Mitigates shareholder exposure to sovereign risk. -Represents an advanced asset with a clear path to early production and cash flow. - Limited capital required to develop the project. 4. file:///C:/Users/Richard/Downloads/nASX6DbqRL_MDI_1468448984.pdf ASX announcement 14th July outlining “Middle Island Managing Director, Mr Rick Yeates: “…the current review confirms the Two Mile Hill BIF deposit as a very real, high value, readily accessible, underground target that could supplement the initial open pit operation, thereby significantly enhancing the grade, mine life and envisaged production profile at the Sandstone gold project…” 5. file:///C:/Users/Richard/Downloads/nASXc4Rcqj_MDI_1469744635%20(1).pdf ASX announcement 29th July Middle Island Resources Limited (MDI, Middle Island or the Company) is pleased to advise that a programme of infill resource definition drilling commenced today at the Sandstone gold project, in the East Murchison goldfield of Western Australia. 6. The Company’s maiden drill programme at Sandstone comprises some 153 holes for ~4,200m of reverse circulation percussion (RC) drilling. § The programme is focussed on infill and limited extension drilling at Sandstone’s Two Mile Hill, Shillington and Shillington North gold deposits in order to upgrade all existing open pit resources into an Indicated category for inclusion in a pre-feasibility study (PFS) initiated by Middle Island since formally acquiring the project earlier this month. § Subject to weather conditions, the drilling programme is anticipated to take approximately three weeks to complete, with final assay results likely to take a further two weeks to compile and process. Certainly appears to be a significant time for the Company with extensive works well underway and a further pipeline of opportunities as well. This is not a buy or sell recommendation and please always DYOR. Cheers GF Help end Homelessness and Domestic Violence https://www.my.salvationarmy.org.au/donate
Poster: gamefisherman (STT Accuracy: 31.8% - Ranking No.36 )
http://hotcopper.com.au/posts/18407924/single (Mcap: $34.2m)


CVT - Tech - IT Security [1/08/2016]
Covata Limited (CVT) is a global leader in data-centric security solutions. Enabling secure file sharing without compromising simple usability. Covata Limited (ASX: CVT) SP: 21.5c MC: $113.0 Million Cash/Cash Equivalents as at March 31st June 2016: (AUD) $7.7Million* – please see below Catalysts include: CVT recently held an extraordinary general meeting in mid-July where shareholder approval was granted for the issue of 57.7Million Shares to high-net worth, insto investors (in the US and Asia-Pac), that raised an additional (AUD) $13.2Million (on top of the existing Cash Balance of $7.7Million) at $0.23 per share. Notably CVT’s closing share price on Friday was 21.5c. * The net cash proceeds to the company will be used for working capital to execute key partnerships with Fortune Global 500 companies, including its 10-year contract with Cisco and the rollout of Safe Share within its UK Government pipeline. 29th July CVT updated the market that it had been successful in being “awarded Tier 2 Top Secret Classification on G Cloud 8, significantly advancing the Company’s position in the UK government marketplace” This major success for CVT imo is a ‘Company Maker’, please see below for how the CEO Mr Trent Telford describes what this means for CVT in his opinion….. https://www.covata.com/covata-recei...ac-sophisticated-and-institutional-investors/ Trent Telford, Covata CEO said, “Safe Share’s Gov + Premium Tier 2 Top Secret status has truly set the bar for data security. Covata is now the unparalleled market leader in secure file sharing across the whole of UK Government. In the wake of Brexit and regional uncertainty, the need for data security is at an all-time high. Covata is now positioned with the potential to collect substantially increased revenue from the sale of this premiere product. The sector represents a very large Total Addressable Market (TAM) and we are now attacking this from a unique competitive position. This ©2016 Covata Limited or its affiliates achievement provides major validation for our decision to focus resources on strengthening our product position and pipeline in the Government sector, as outlined in the last quarterly business update. In my opinion this award, coupled with commercial success, will change how external parties view the potential strategic value of this division of our company.” Already this announcement has received significant media exposure. Not only does this help to raise awareness across a wide range of media outlets, but it also helps CVT to capitalise on its recent success. Below is a couple of snap shots of the varied media outlets that covered this announcement. https://www.covata.com/in-the-news/ cvt in the news snip 1 31.7.2016.PNG cvt snip 2 in the news 31.7.2016.PNG https://www.covata.com/covata-to-ho...date-conference-call-on-monday-august-1-2016/ The last Catalyst that I have included is the forthcoming conference call on Monday, August 1, 2016 at 6:00 p.m. Eastern time in the United States or Tuesday, August 2, 2016 at 8:00 a.m. Australian Eastern Standard time/Sydney local time. The key topics will include the June 30, 2016 quarterly 4C, progress and review of each of the three market channels, short form presentation from the KaaS Business Head, the recent capital placement strategy and the outlook for first half of fiscal year 2017. An accompanying presentation will be released to the market prior to the call. I would not be surprised to see an increase in trading volumes for CVT in the coming weeks, on the back of all of the developments and updates listed above. These potential trading volumes could well place upward pressure on the Company’s share price. This is not a buy or sell recommendation and as always please DYOR Cheers GF Help end Homelessness and Domestic Violence https://www.my.salvationarmy.org.au/donate
Poster: gamefisherman (STT Accuracy: 31.8% - Ranking No.36 )
http://hotcopper.com.au/posts/18408922/single (Mcap: $110.8m)


TYX - Gold Nickel and Cobalt Explorer in WA [1/08/2016]
Tyranna Resources MC $11.3million SOI 283 million Options 75 million SP $0.042 Cash last quarter reported as *$278k + $800k recent CR @ 0.03 Assets SH of 15.7 million of OGX (sp $0.25) and SH of approx. 7.19% of KAI (sp $0.05) Tyranna Resources are perennial peggers and diggers that own tenements (8000sqkm) in Sth Australia including the Jumbuck Gold Project (current strike length at 1.5km) which surrounds the (1m oz) Challenger mine (now owned by WPG). The company exploited a nearology strategy and currently have an extensive drilling program inplace to build a resource circa of +1m oz, so news flow will be ample. I like TYX as both a hedge and leverage play (with exposure to gold, a gold producer, nickel and LI explorer) and there will be no requirement for a CR in near future given assets. TYX is currently in dispute with WPG who they also have separate JV with. The dispute is centred around ground adjacent to WPGs Challenger mine. Given they are JV partners a resolution will be to the best interest of both parties, but one that could favourably enhance TYX sp moving forward. Unconvinced if timing is right but for a slightly longer hold, 6-12 mths there is minimal downside with potential for much upside
Poster: dill (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18406014/single (Mcap: $11.9m)


DFM - Agricultural company based in China [1/08/2016]
Recent processing plant aquisition. Lot's of mouths to feed in china. Previous $0.05 dividend paid. Harvest season coming end of year. SP should increase and now stabilise after inital break out. Not gangbusters, but is worth more than $1.00 imo Suddenly, Eric the squirrel realised he'd buried the wrong nuts
Poster: Dazzle101 (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18411652/single (Mcap: $417.6m)


BKY - Uranium in Spain [1/08/2016]
Uranium, Spain. Shares : 200,668,023 MC : $169.6m at 0.845 Ca$h : $11.3m approx. After investing US$60 million over the past decade Berkeley Energia has moved one step closer to becoming one of the world’s lowest cost uranium producers as it breaks ground at the Salamanca mine in Spain. With approvals in place for initial infrastructure development, work has now commenced on the road realignment and power line upgrade ahead of the main construction. Initial capital cost of only US$95.7 million. A Definitive Feasibility Study (DFS) has reported future production at an average of 4.4 million pounds of uranium per year at a cash cost of US$13.30 per pound and at a total cash cost of US$15.06 per pound. Uranium’s current spot price is US$26 per pound with term contract price at US$41 per pound. During the initial ten year steady state period, based on the most recent UxC forward curve of uranium prices, the project is expected to generate an average annual net profit after tax of US$116 million. The Company has recently been approached by a number of utilities looking to secure long term off-take agreements. These discussions are underway and off-take arrangements are being negotiated. When these off-take agreements are announced the share price should continue to increase. At current prices BKY would be profitable so it has a lot of upside potential based on positive sentiment regarding future U308 prices.
Poster: Chev88 (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18406703/single (Mcap: $167.6m)


DAU - Shell looking for acquisitions/Gold explorer [29/07/2016]
Gold Explorer SOI 95,740,141 Market cap @ 2.8= $2.7 Million Cash - $1.7 Million + $2 Million to be received early August On 3 March 2016, shareholders approved the sale of the Plutonic Dome Gold Project to Vango Mining Limited (Vango) . The company advised yesterday that Settlement for the sale has commenced and the parties expect it to be finalised in early August. Completion of the sale of the Project will give Dampier unencumbered >$4M in cash, the prospect of additional cash payments and a royalty stream with the development of the Project.
Poster: xanda25 (STT Accuracy: 33.3% - Ranking No.35 )
http://hotcopper.com.au/posts/18388647/single (Mcap: $2.8m)


RNU - Graphite Explorer [29/07/2016]
Time to tip this beast Shares: 363m + 64.4 mill options MCap: $13.7 m op's not Inc Cash: $790k Top 20 good for 43% South Australian Graphite explorer RENASCOR RES LTD Management are top notch but here is my favourite part: Stephen Bizzell non-executive chairman of RNU, was a director of Arrow Energy from 1999 until the $3.5 billion acquisition by Royal Dutch Shell and Petro China in 2010. Importantly, he has experience in transitioning a company from a mere minnow to a highly sought after multi billion-dollar enterprise. From RNU preso: "High-quality flake graphite Petrology shows over 80% in the high-value superjumbo (+500µm), jumbo (+300µm) and large (+180µm) categories" rnu copy.png I'm still not 100% sure if they mean 80% of the ground is made of those grades & if so how much 500um flakes is there but i guess the up coming drill's will let tell's more which is why i'm tipping. Read the play, make your own rule$
Poster: mouse (STT Accuracy: 36.8% - Ranking No.30 )
http://hotcopper.com.au/posts/18392930/single (Mcap: $15.6m)


PTR - Human Resources Technology (HR Tech) company [28/07/2016]
Market cap $2m, cash 680k She'll looking for acquisitions, clearly considering tech/hr space as last proposal was, although now fallen through SP rose from 0.003 to 0.007 in period preceding last proposed aqusition. And now has fallen back to 0.003. Price actually fell post proposed announced aqusition. Best price action was on speculation prior. Hence increased levels of speculation they are close to a deal could provide a simple 50-100% Stt trade PRE any announcement.
Poster: trickyonthebeach (STT Accuracy: 29.4% - Ranking No.37 )
http://hotcopper.com.au/posts/18380838/single (Mcap: $2.3m)


PAB - Biotech - Antibody Treatment for Cancer [28/07/2016]
Underpriced bio at a time of uplift in interest in biotech sector small cap as a whole. A few having had decent gains $5m market cap $3,6m cash last qtr with around 300k cash burn so upcoming 3c should be $3.3m cash Decent asset portfolio, but needs to get a good partnership deal. Any news of interest eg China investment could provide rerate potential
Poster: trickyonthebeach (STT Accuracy: 29.4% - Ranking No.37 )
http://hotcopper.com.au/posts/18381263/single (Mcap: $5.2m)


MBT - Shell Company [28/07/2016]
It's a graveyard of news from this undercash shell which announced Nov last year they were seeking aqusition and have released nothing but simple 4c statements since Cash $1.4m Market cap $1m (Also owns stake in bio diesel refinery) Patience required as nothing exciting has happened for a while, but market cap provides massive leverage on an actual announcement of aqusition depending on dilution levels in the deal.
Poster: trickyonthebeach (STT Accuracy: 29.4% - Ranking No.37 )
http://hotcopper.com.au/posts/18380886/single (Mcap: $1.8m)







Weekly Technical Analysis Prospects


ZMI - Zinc in Ireland [1/08/2016]
Posted this on the ZMI thread thought i'd might as well throw it in as a tip as well. Similar to PSC in it's trading, being that it's been quite volatile and had wide range of price points, so the daily is quite misleading. The 10min chart provides a clearer picture. It's bounced off support at 2c 3 times today, closing again at support in the auction on low volume. Increase of volume came at 2.1c a number of times in the afternoon, was pushed down on low volume but bounced off support at 2c. Still in an overall uptrend, with that uptrend channel still in tact. MACD is now forming a bottom bowl, volume lowering and should start to come around next week, but needs to hold 2c support and open at 2c and go up rather than go down next week to indicate direction of the days trading and momentum. Symmetrical triangle also forming on the chart, bullish signal especially with the bounce off support. 60min chart showing the same symmetrical triangle formation and uptrend, also with a clearer dragonfly doji, which following a downtrend usually signals a reversal. Also shows the bounce off 2c twice. Daily Chart is good, but todays candle is exaggerated because of the volatile price fluctuations and is misleading, it does show it bounce off lower support of 1.9c and is still in an uptrend, with the EMA and MA closely aligned which is good and trending up, the MACD trending up. Volume spike will also put it on radars of many traders and investors over the weekend. Starting to get a re-rating now which is reflected in the volatility, still more profit takers to churn through but should push higher with a target of at least 3c on the short term. 10min chart [?IMG] 60 min chart [?IMG] Daily Chart [?IMG] [?IMG]'Every man is the architect of his own fortune' 12
Poster: TheArchitect (STT Accuracy: 51.2% - Ranking No.15 )
http://hotcopper.com.au/posts/18407569/single (Mcap: $12.3m)


JCS - FinTech [1/08/2016]
SP: 2.6c MC: $9m Finally closed above 2.5c which has been proved to be massive resistance for the last week or so. Think it is ready for the next leg, 3.2c - 3.5c my next target. JCS.png 13
Poster: NightWatchman (STT Accuracy: 61.1% - Ranking No.7 )
http://hotcopper.com.au/posts/18406570/single (Mcap: $8.6m)


MDI - Gold in West Africa and Australia [1/08/2016]
Middle Island Resource Limited (ASX: MDI) SP: 7.3c MC: $34.23 Million Shares: 469,000,000 ordinary Cash as at 30th June 2016: $3.6Million Middle Island Resources Limited (ASX:MDI) is a gold exploration and development company focused on Australia and West Africa. Recent breakout of the flag formation and flag pole during last Fridays trading. With around $615K being pumped through, and price closing at its high, upside potential is significant. From a VSA perspective there is a couple of points that I noticed : Increasing volumes on the earlier upward breakout that is represented in the dark green horizontal line, labelled A. To me, the volumes traded under the label B, were slight. This tends to suggest to me that everything except the kitchen fridge was thrown at it to try to trigger stops, and entice weaker holders to sell down their holdings. Once the CO realised that there was no stock at lower levels to be picked up, they hit it hard last Friday, churning over the 2nd highest volume that the Company has seen, That upward break labelled C. may result in a gap open on Monday and if that happens I would not be surprised to see a strong trading week ahead and even the next few weeks. mdi snip daily 30.7.2016.PNG This is not a buy or sell recommendation to buy or sell any stock, so please DYOR Cheers GF Help end Homelessness and Domestic Violence https://www.my.salvationarmy.org.au/donate 11
Poster: gamefisherman (STT Accuracy: 31.8% - Ranking No.36 )
http://hotcopper.com.au/posts/18407914/single (Mcap: $34.2m)


CVT - Tech - IT Security [1/08/2016]
Covata Limited (CVT) is a global leader in data-centric security solutions. Enabling secure file sharing without compromising simple usability. Covata Limited (ASX: CVT) SP: 21.5c MC: $113.0 Million Cash/Cash Equivalents as at March 31st June 2016: $7.7Million(AUD) plus a recent cap raise resulting in an additional $13.2 Million, taking the total to around $20.9Million (AUD) Since early Feb 2016, the Company’s share price has fallen from a high in the mid 40c range, to a recent trading low around the late teens to early 20c range. Technically it would appear that buyers were happy to step up to the plate since early July, where both Volumes traded and share price consolidation has occurred. Last Fridays market update placed buying pressure on the share price, and forward momentum in the share price is possible if these daily trading volumes continue, as sellers sit tight. cvt snip 31.7.2016 daily.PNG This is not a buy or sell recommendation and please always DYOR. Cheers GF Help end Homelessness and Domestic
Violence https://www.my.salvationarmy.org.au/donate
Poster: gamefisherman (STT Accuracy: 31.8% - Ranking No.36 )
http://hotcopper.com.au/posts/18408923/single (Mcap: $110.8m)


ICN - Oil and gas in the Cooper basin [1/08/2016]
Shares : 597m MC : $18m at 3c Cash : $16.5m (June'16) Icon has been in a basing pattern for around 10 months with the volume dropping over the past few weeks. Currently priced at close to cash and a company buy-back in progress, the chart is sitting on the lower channel of the bands. A confirmed break of 4c will see this breakout. Hold.
Poster: Eclectic_nish (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18407163/single (Mcap: $17.9m)


DFM - Agricultural company based in China [1/08/2016]
Dongfang Modern Agriculture MC 400m Since IPO $2.50 Highs, Now back to $1.00 dfm.gif Stochastic Indicator Oversold. Suddenly, Eric the squirrel realised he'd buried the wrong nuts
Poster: Dazzle101 (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18411628/single (Mcap: $417.6m)


WKT - Lithium in Namibia and Tanzania, as well as Graphite in Tanzania [29/07/2016]
MC 12M @ .007 SOI 1.9B T20 51% WKT has been experiencing a period of accumulation since their last spike in mid April, creating a symmetrical triangle pattern that is coming to its breakout position. If the forthcoming drill results from the Lindi Jumbo Graphite Project are positive, which is likely due to the initial sampling and high quality mineralogy of the area, then the breakout should be upwards. Initial target price based on triangular extrapolation is (.009 - .003) + .007 = .013. [?IMG] know thy trades
Poster: syzygy (STT Accuracy: 44.8% - Ranking No.20 )
http://hotcopper.com.au/posts/18384582/single (Mcap: $11.9m)


YNB - Technology incubator and investment vehicle [29/07/2016]
Mcap - $5M Yonder & Beyond has a portfolio of technology assets with a focus on mobile businesses. Recent announcement by YNB states one of there assets: - Gophr sales revenue for the half year to June increase by 340% compared to previous 6 month - Gophr monthly deliveries surge, by more than 200% from January to June 2016 - Revenue growth exceeds all targets with an average 36% month-on-month increase Chart shows a Saucer pattern currently in formation: [?IMG]
Poster: bewgle (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18384963/single (Mcap: $5.4m)


FLN - Tech - Human resources webssite [28/07/2016]
Freelancer - Freelancing job network website M/C: 752M Cash: 33.1M in April -Break out of triangle -MACD heading upwards If it can take out 1.90 next target 2.50 fln.png
Poster: riseabove (STT Accuracy: Unknown)
http://hotcopper.com.au/posts/18381934/single (Mcap: $766.2m)


EHL - Mining equipment rental business [28/07/2016]
Emeco Holdings (EHL) - Market cap ~$24 mil, last price 3.9, $13mil cash at 31/3 Mining equipment rental business Probably one of the last mining services/support co's that is yet to bounce significantly. One only has to look at the charts of BKN, MND, ASL, IMD to see how beaten up the sector got and has now rebounded. Obviously EHL is a much smaller market cap and can't be put in the league such as these, however, I think it can start a recovery. The chart shows the stock trading in a channel between 3 - 4c approximately from Feb until current. 4c is resistance. From the chart we can see that there was two failed breaks of this resistance at the start of March and middle of May. The stock currently is undergoing a third attempt. Today the volume was markedly higher which is a positive, with large parcels traded on the close. With results season commencing it's a possibility that their result may be the impetus for the 4 break out. Will need a big volume spike to do so and for it to be convincing EHL.PNG
Poster: OnePipWonder (STT Accuracy: 36.4% - Ranking No.31 )
http://hotcopper.com.au/posts/18383185/single (Mcap: $19.3m)