LINDIAN RESOURCES LIMITED (ASX: LIN)
Lindian Resources Limited (ASX: LIN) has reported about an option agreement under which the group is acquiring up to 75% stake in Kangankunde Rare Earths Project (Malawi); and this asset represents a significant rare earth carbonatite system with a rise of 200 m above plane spread across 1.4 km by 1.7 km. It has key hallmarks of a top-tier global Project. The securities of the company were placed in trading halt as per the company’s announcement on 25 September 2018. During the June quarter the company finalized the preparation for a drilling program at the Lushoto bauxite and it is waiting for the formal granting of the tenements. The company has also investigated several other projects in Tanzania and nearby Jurisdiction. In the last six months, the share price of the company enhanced by 50% and was further up 5% as at 28 September 2018, post market open to $0.022.
URBANISE.COM LIMITED (ASX: UBN)
Urbanise.Com Limited (ASX: UBN) reported a net loss of $27.6 million in FY2018 against $36.3 million in FY2017. The reported net loss was mainly driven by the continued investment in new product features, improving existing products and developing new product, underperformance of reseller and partner network and costs incurred due to restructuring in fourth quarter of FY2018. To improve the company’s performance in the upcoming years, the company is implementing expense rationalization programs and renewed its focus on core Urbanise products. The company is focusing on sales strategy to target short term and recurring revenue opportunities. It is focused on further deployment of the Urbanise utilities platform after the success of the Similan implementation in FY2018. In the past three months, the share price of the company enhanced by 3.6% as on 27 September 2018 to $ 0.029.
QUANTIFY TECHNOLOGY HOLDINGS LIMITED (ASX: QFY)
Quantify Technology Holdings Limited (ASX: QFY) witnessed a revenue increase of 6% in the FY 2018 compared to last year and the net loss of the year decreased by 42% to $6.79 million. The company has significantly invested in the development of its Q device to ensure the delivery of premium product throughout Australia. In FY2018, the company took various successful development efforts to allow integration with Amazon Alexa Voice Service. Recently, the company signed a partnership deed with Cambridge electrical services to revolutionize the smart home and building sector. On 27 September 2018, the company announced that it has received and accepted a $736,000 purchase order on 27 September 2018 from Copper Coast Investments, for its revolutionary Q-Device product due to which the company witnessed an intraday increase of 17.647% in its share price as on 27 September 2018 (AEST 6:36 PM). As per the recent announcement, there is going be a restructuring of board of directors which reflects the company’s plan for domestic and international Growth. In the past six months, the share price of the company decreased by 53.49% from $0.038 to $0.02 as on 27 September 2018.
FIRST COBALT CORP (ASX: FCC)
Recently, First Cobalt Corp (ASX: FCC) announced the results of its first inferred mineral resource estimate of its 100% owned Iron creek cobalt project in Idaho, USA. With inferred mineral resource of 29.6 million tons grading 0.11% cobalt equivalent, resources containing 45 million pounds of cobalt and 175 million pound of copper, the initial resource estimates and the pace of the progress at Iron Creek have exceeded the board’s expectation. In the first half of FY2018, the total Net loss of the company grew from $3.12 million in 1H2017 to $8.97 million in 1H2018. The net cash used for operating activities was $8.18 million in 1H2018 compared to the $1.91 million in 1H2017. In the last six months, the share price of the company decreased by 64.22% from $0.980 to $0.39 as on 27 September 2018.
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