Five Stocks With Recent Updates – ICG, ABR, PVD, AVA, TTT

Five Stocks With Recent Updates - ICG, ABR, PVD, AVA, TTT

The below-mentioned stocks have come up with significant updates today (i.e., 4th July 2019). Let’s take a quick look at these updates and how they have influenced the share prices of these stocks.

Inca Minerals Limited (ASX: ICG)

Junior resource company, Inca Minerals Limited (ASX: ICG) has been making progress in the development of Riqueza Project, which is located within a part of Peru’s mineral belt. On 4th July 2019, the company announced that it has assay results for 22 rockchip channel samples collected during a brief reconnaissance program that was conducted at Riqueza.

The assay results are indicating strong epithermal Ag-Cu-Manganese (Mn) mineralisation broadly associated with a rhyolite dome and related structures, very positive assay results from a small number of samples.

The company has now launched a very detailed grid soil geochemical program to cover the same areas, and a follow up rockchip sampling is planned at Cuncayoc Copper.

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Assay results from 8 of 22 reconnaissance samples taken during the detailed expert mapping program (Source: Company Reports)

At the Cuncayoc Copper Prospect, the company has discovered Bonanza-grade Ag and strong Cu mineralisation in vein structures.

Notable results include:

  • 919g/t Ag and 2.71% Cu in sample IM-001804 (channel length 0.25m); and
  • 40g/t Ag and 3.31% Cu in sample IM-001828 (channel length 0.45m)

Additionally, the company has also identified strong Ag and Cu mineralisation at the Colina Roja Prospect, where the previous sampling discovered gold (Au) and Ag mineralisation in several southwest-northeast vein structures.

At the recently interpreted rhyolite dome, substantial Cu mineralisation has also been discovered, increasing the significance of that area from an exploration perspective.

On the stock performance front, in the past six months, Inca Minerals Limited’s stock has provided a negative return of 12.50% as on 3rd July 2019. At the time of writing, i.e. 4th July 2019, ICG’s stock is trading at a price of $0.003, with a market capitalisation of circa $9.26 million.

American Pacific Borate and Lithium Limited (ASX: ABR)

An exploration company, American Pacific Borate and Lithium Limited (ASX: ABR) has been making progress in the development of its wholly-owned Fort Cady Borate Project, which is located in Southern California, USA.

Recently in May 2019, the company raised $3.1 million by completing a placement. The company is now using these funds to progress construction-related engineering activities. Utah-based Millcreek Engineering is currently completing the basic engineering and it is expected that it will be completed in August 2019. Subsequently, the company will quickly move into detailed engineering to ensure that the construction timelines are met.

Recently, the company also commenced an informal financing process to test market appetite for substantial debt financing to build Phase One A. The company recently presented at the New York 121 Mining Conference and London’s Mining Journal Select Conference outlining its market initiatives.

Besides ASX, the company intends to get listed on the New York Exchange as well, which is likely to occur by the first half of CY2020. In order to do this successfully, the company needs to increase its interaction with potential investors in the United States. In the coming weeks, the company expects to engage the US-based Investor Relations professionals to assist.

On the stock performance front, in the past six months, ABR’s stock has provided a return of 60.71% as on 3rd July 2019. At the time of writing, i.e. on 4th July 2019, ABR’s stock is trading at a price of $0.237, up 5.333%, with a market capitalisation of circa $46.9 million.

 

Pura Vida Energy NL (ASX: PVD)

Australian-based African oil explorer, Pura Vida Energy NL (ASX: PVD) has entered into a binding agreement with a private UK company, Gemini Resources Limited, to earn a 35% interest in the Nowa Sol and Gora onshore oil and gas projects in Poland by spending $6.15 million.

Poland onshore oil and gas concessions in proven production basin (Source: Company Reports)

In connection with the transaction, the company has proposed to conduct a placement of 55,555,556 shares to sophisticated investors at an issue price of $0.018 to raise $1,000,000. In conjunction with the placement, the company has also proposed non-renounceable entitlements issue to offer a total of 151,783,212 shares to shareholders on a 1:2 basis at an issue price of $0.018 per share to raise $2,732,098.

In addition, the company has also proposed to issue a total of 60 million performance rights to nominees of brokers and corporate advisors who assisted the company in the previous capital raisings.

Indicative Capital Structure (Source: Company reports)

The funds from the capital raisings will be utilised to fund a work programme for Siciny-2, work programme for Jany-C1 and for working capital purposes.

Following the release of this announcement, the shares of Pura Vida Energy NL were reinstated to official quotation on 4th July 2019.

At the time of writing, i.e. on 4th July 2019 (AEST 3:30 PM), PVD’s stock was trading at a price of $0.025, up 47.059%.

Ava Risk Group Limited (ASX: AVA)

A market leader of risk management services and technologies, Ava Risk Group Limited (ASX: AVA) is expecting its revenue to increase by around 160% on a year-on-year basis to $31.5 million. In its new financial year, the company expects Technology division to achieve strong growth with an order backlog at 30th June 2019 of circa $6.0 million. For FY19, the Technology division revenues are expected to be around $15.5 million. In Q4 FY2019, the company’s Services division revenue is expected to be approximately $16.0 million, which will produce positive EBITDA for the division.

In another announcement, the company has advised that its latest generation Aura Ai-2 technology has been selected to protect critical pipeline infrastructure in India. The company has secured maintenance support contracts with two of its existing customers in India, wherein the company will provide support services and spare parts for installed FFT Secure Fence and FFT Secure Pipe systems deployed to protect critical infrastructure across India, including major oil and gas assets and facilities.

On the stock performance front, in the past six months, AVA’s stock has provided a negative return of 10.00% as on 2nd July 2019. At the time of writing, i.e. on 4th July 2019 , AVA’s stock is trading at a price of $0.160, down 11.111%, with a market capitalisation of circa $42.14 million.

Titomic Limited (ASX: TTT)

A digital manufacturing solutions company, Titomic Limited (ASX: TTT) has completed a $7 million (before costs) private placement, proceeds of which will be used to fund Titomic’s international expansion as the company progresses towards new revenue generating contracts as part of establishing a strong platform to realise significant revenue growth in 2020 and beyond. Under the placement, the company will issue 4,117,648 new fully paid ordinary shares at $1.70 per share.

The company has received strong support from new high-quality international investors for the placement.

Titomic projects are expected to receive revenues between $3 million to $5 million during the period to 31st December 2019, including:

  • USD$1 million to USD$3 million from potential revenue opportunities in the aerospace sector;
  • $1.5 million from potential revenue opportunities in the defence industry; and
  • USD$2.0 million from TKF systems sales, customer prototyping and research and development work.

On the stock performance front, in the past six months, TTT’s stock has provided a negative return of 12.93%. At the time of writing, i.e. on 4th July 2019 (AEST 3:50 PM), TTT’s stock was trading at a price of $2.160, up 6.931%, with a market capitalisation of circa $248.66 million.


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