Research Reports
Cloncurry sale pending approvals
10-May
EXS has announced its intention to sell the Cloncurry copper project (CCP) to Xstrata for $175m in cash subject to approvals. Following the sale, EXS intends to distribute $100m or $0.31 a share to its shareholders.
|
1H11 result - working towards feasibility study completion
24-Mar
GCR reported a net loss of $0.4m in 1H11, up from a $2.7m loss in the prior comparison period which included a $1.9m exploration write off. Revenue, comprising interest income, increased 159% to $0.3m with corporate related expenses falling 25% to $0.7m. The result is reflective of the company's pre-production status.
|
Company update
21-Mar
AOK announced it intends to list on the Toronto Stock Exchange (TSX) in the second half of this year. An institutional placement was also undertaken this month to raise $1.76m to address short term funding challenges. Our report provides a review of these events as well as of the financial and operational performance since our last report.
|
Short term funding concerns
19-Jan
RAU is running dangerously low on cash. Its managing director John Kelly resigned last month due to ill health. It is yet to secure funding for its Amayapampa gold project in Bolivia. RAU's interim managing director Peter Wicks has much to do. The shares are high risk and not suitable for conservative investors.
|
Unitholders approve revised investment strategy and Withdrawal Tender proposals
09-Nov
Unitholders have approved proposals for a revised investment strategy and Withdrawal Tender. Under the Withdrawal Tender 55,566,392 units will be repurchased at $0.986 per unit, representing a 15% discount to the NTA as at 5-Nov-10. Tenders of units at discounts narrower than 15% were unsuccessful. Payment will be made within three months of the Withdrawal Tender closing (1-Nov-10). LRF estimates the redemption will result in around a 7% uplift in NTA for continuing unitholders.
|
|
Information
From time to time Aegis is commissioned by investors and/or corporates to write
reports on specific companies or investment opportunities. This page has a
list of the most recent commissioned reports we have completed.
|