Ventnor Resources Limited (ASX: VRX)
Ventnor Resources Limited (ASX: VRX), the metal and mining group, has announced that Perth-based Australian Silica Pty Ltd has become a substantial shareholder of the company and now it is holding a 17.83% stake in the silica sand focused company. The company has flagged for optimistic bulk sampling results from its Arrowsmith Silica Sand Project; and is planning to find the potential of improved grade and higher quality products through iteration of test work. In the past six months, the share price of the company increased by 83% as on 26 September 2018, and the stock was down about 4% by mid-day on September 27, 2018.
Brockman Mining Limited (ASX: BCK)
In the FY 2018, Brockman Mining Limitedâs (ASX: BCK) loss from continuing operations increased to HK$49,059 from HK$37,507 in FY 2017. The earning per share of the company is 1.027 cents in FY2018 which was a loss per share of 0.46 cents in the previous year. The total assets of the company have also decreased from HK$858.6 million in FY 2017 to HK$838.2 million in FY2018. In the last quarter the companyâ wholly owned subsidiary Brockman Iron entered into a joint venture with Polaris metals to develop Marillana project. The company also raised a net proceed of around HK$31 million as working capital. In the past six months, the companyâs share price increased by 66.7% as on 26 September 2018. It was further up by 6.7% as at mid-day trading on September 27, 2018.Â [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Brookside Energy Limited (ASX: BRK)
On 26 September 2018, Brookside Energy Limited (ASX: BRK) announced that it has witnessed an outstanding Sustained production result. The two wells - Herring and Kevin have produced approximately 860,000 BOE in the last ten months and they have generated net revenue of $860,000. In the first half results of FY2018, the net loss of the company reduced from $790,857 in 1H17 to $359,012 in 1H2018. The total assets of the company increased from $7.6 million to $11.8 million. Net cash used in the operating activities increased from $415,228 to $565,618. In the past six months, the share price of the company enhanced by 5.88% while it slipped by almost the same percentage as at mid-day trading on September 27, 2018.
Alice Queen Limited (ASX: AQX)
On 26 September 2018, the shares of resources group, Alice Queen Limitedâs (ASX: AQX) securities resumed trading on ASX after the release by the company regarding capital raising. The Company confirmed that it has received firm binding commitments for the placement of 68 million new shares to be issued at $0.015 to raise approximately $1 million. The fund raised from this placement will be used for IP survey to assist in determining the highest priority âCupola Phaseâ drilling targets at the Horn Island pit gold deposit and Southern Silicified Ridge. The fund will also be used as Working Capital. And these funds will also be used to help the company in procuring an option and farm in agreement with an industry major. While there has been a drop of 57% in stock price in the past six months, the stock rose about 5.6% to $0.019 as at mid-day trading on September 27, 2018.
Athena Resource Limited (ASX: AHN)
In the past six months, Athena Resource Limited (ASX: AHN) decreased by 60% to $0.012 as on 27 September 2018 (mid-day trading). In the quarter end 30 June 2018, the net cash used in operating activities was $201,517 which was $358,932 in the previous year. Â The company has terminated the sale option agreement of Byro project. Meanwhile, Xinhai and Athena have continued to work on the feasibility study after the results of High purity and superhigh purity magnetite concentrate. The company is currently in discussion with the third-party funder(s) in respect of a substantial placement.
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