Neometals Ltd (ASX: NMT)
Industrial minerals project developer, Neometals Ltd (ASX: NMT) delivered strong operational performance in the September quarter as its Mt Marion mine produced 111kt of concentrate with shipments totaling around 91kt. At the end of the September quarter, the company was having cash of $29.9 million and receivable and investment of $8.9 million. The net cash used in operating activities was $3.01 million and net cash used in investing activities was $2.48 million as at 30 September 2018. The cash and cash equivalent at the end of September were $29.864 million. Recently, the company provided an update regarding the sale price for 6 percent spodumene concentrate from their Mt Marion lithium project. On 16 November 2018, the company announced the formal commencement of an update to its 2009 Definitive Feasibility Study that considered primary vanadium production from the traditional salt roast-leach operation at the Barrambie Vanadium-Titanium-Magnetite (VTM) project. The updated Study will examine staged development options including offshore processing of crushed ore, onsite production of a high-grade concentrate for sale, and refining to produce vanadium chemical products. Following this news, the shares witnessed an intraday decrease of 4.255 percent as on 16 November 2018. In the last six months, the share price of the company decreased by 26.56 percent as on 15 November 2018. NMT’s shares were traded at $0.225 with a market capitalization of circa $127.83 million as on 16 November 2018.
Eden Innovations Ltd (ASX: EDE)
Eden Innovations Ltd (ASX: EDE) is a provider of clean technology solutions and it is involved in the manufacturing and marketing of EdenCrete® and OptiBlend™. During the September quarter, the sale of EdenCrete® increased significantly to US$403,000 compared to the September quarter last year. During the quarter, two units of OptiBlend™ were sold in India and 1 unit was sold in US to bring in total A$64,728. As at 30 September 2018, the net cash used in operating activities was $2.5 million, net cash used in investing activities was $1.77 million and net cash used in Financing activities was $4.116 million. At the end of the September quarter, the company was having cash and cash equivalent of $3.32 million. EdenCrete ® is already approved for use by the Departments of Transport in 11 States and also by the Federal Highway administration and is being used in Georgia and Texas and trialed in Colorado, Idaho and North Carolina. The company has recently received an approval by the Colorado Department of Transportation (CDOT) for EdenCrete® to be used in a shotcrete concrete mix. Following the approval by CDOT, EdenCrete® has been used for the first time on the CDOT Central 70 project in Denver which involves the reconstruction of 10 miles of the I-70 Interstate Highway. In the last six months, the share price of the company increased by 33.87 percent as on 15 November 2018. EDE’s shares traded at $0.079 (down 4.8%) with a market capitalization of circa $126.28 million as on 16 November 2018.
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