Rand Mining Ltd
Declared Special Dividend: Rand Mining Ltd.’s (ASX: RND) stock rose 58.333% on September 20, 2018 after the company declared a $1.25 per share fully franked special dividend, payable on 12 October 2018. After the payment of this special dividend, RND will remain well-funded to pursue its mining and exploration activities. The group also disclosed about takeovers panel declaration on Tribune Resources in which Rand holds 26.32% of shares. Meanwhile, RND stock has fallen 9.37% in the last three months as on September 19, 2018.
Axiom Mining Limited
Granted a mining lease: Axiom Mining Limited’s (ASX: AVQ) stock rose 44.33% on September 20, 2018 after the company revealed that its 80%-owned subsidiary AxiomKB Limited, has been formally granted a mining lease by the Solomon Islands government for the San Jorge nickel deposit, which is part of the company’s flagship Isabel nickel project. The lease has been issued for 25-year for the extraction, export and sale of nickel ore and associated commodities from San Jorge. After this Axiom will commence construction at Isabel and has planned commercial production in early 2019. Meanwhile, AVQ stock has fallen 30.71% in three months as on September 19, 2018.
Ardea Resources Ltd
Encouraging Rock chip results from the Black Bullock area: Ardea Resources Ltd.’s (ASX: ARL) stock rose 26.9% on September 20, 2018. The company is engaged in the exploration and development of mineral properties like cobalt, nickel, scandium, gold, zinc, silver, and lead deposits in Australia. At the Black Bullock area, the group recorded assay results entailing 38 g/ t gold and 348 g/ t silver. Meanwhile ARL stock has fallen 67.50% in the last three months as on September 19, 2018.
Prime Financial Group Ltd
Weak Underlying NPAT in FY 18: Prime Financial Group Ltd.’s (ASX: PFG) stock rose 18.18% on September 20, 2018 with change in investors’ sentiments. The company is the provider of integrated accounting and business advisory, wealth management, and capital advisory services in Australia; and for FY 18, it posted 11% growth in revenue to $21.3m. The Accounting and Business Advisory plus capital revenue rose from nil in FY 16 to $9.8m in FY 18. There is 6% growth in the Wealth Management Revenue. However, underlying NPAT fell 25% to $2.2m. Meanwhile, PFG stock has fallen 4.35% in the last three months as on September 19, 2018.
FY 18 Financial Performance (Source: Company Reports)
Visioneering Technologies Inc
Announced First International Revenues and Attendance at Myopia Conference in Australia: Visioneering Technologies Inc.’s (ASX: VTI) stock rose 6% on September 20, 2018 as the company recently announced the first international revenues from VTI’s NaturalVue (etafilcon A) Multifocal Day (NaturalVue MF) Contact Lenses, and attendance at Myopia Conference in Australia. The medical device company that provides NaturalVue daily disposable multi-focal contact lenses has been again into focus, after falling 51.47% in three months as on September 19, 2018.
Tribune Resources Ltd
Declared Special dividend: Tribune Resources Ltd.’s (ASX: TBR) stock rose 50% on September 20, 2018 after the company declared a special dividend of $3.50 per share, fully franked, payable on 10 October 2018. The company is an Australia-based company engaged in the development of exploration, development and production activities at its East Kundana Joint Venture (EKJV) tenements. Meanwhile, TBR stock has risen 11.11% in the last three months as on September 19, 2018.
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